ThisTejas

ThisTejas

FAST has been on a good tear, but all good things must come to an end. Fib ratios and previous price action used in confluence to point out possible targets to mark the end of the bullish run. Though we are close now, there has been no indication in volume to let us think price has reached the top just yet. When viewed on a weekly chart, candlesticks make the...

ThisTejas

Looks like a pennant pattern or descending triangle coming to a close, with a bullish breakout anticipated.

ThisTejas

Looks like consolidation will come to an end this week, with minimum of a quick bullish run. Along with my chart on SPX, which also shows at least a short bullish spurt if not longer; PXD can be expected to have a quick bullish trade. If you're not very comfortable with that, you may want to look into credit spreads if nothing else. I dont think PXD has weekly...

ThisTejas

This is an alternative view of my original chart, so that you can get both bullish and bearish views. The original chart labeled waves in red and blue, the alternatives are in purple and green. a cleaner view of the original can be found here:

ThisTejas

fibonacci confluence zone, trend line, and 100 SMA all meeting in the same area. Elliott waves are looking decent, they are also about to end in the same area. I've also put up an alternative to this chart, you can find it here: