ToInfinityAnd
so I was messing around on the weekly and found some resistance lines and trended them to form a rising wedge break down. yall know sometimes they go up and sometimes down... Good luck fellas
looking for a rejection here to confirm this pattern, things could change
looking at a failed megaphone pattern into a rising wedge pattern MFI looks to be turning over and it should confirm the rising wedge breakdown
there are some rising wedges that intersect around 3070. I believe that will be the high of the day, all depending on Powell speech and Trump Chyna news today. I will begin to buy July expiration puts as it gets close to TP If MFI does not for some reason get overbought by 4pm today, we can expect they will get pumped to overbought Sunday night, and we would open...
as the hungry hippo has taught me is to watch the money flow index on the daily is seems to have hit a snag on the 3hr, it doesn't seem to be corresponding with the price action If we do rise past these recently new highs, I will continue to build my short position However we do know how things can change and if the MFI becomes oversold I will change my course
looking at clear resistance and support with the red lines. watch for a break in the coming days
Looking for a rejection on the 3hr time frame Down trend with an ascending triangle equals bear flag pattern Let's see if it breaks down.
Dexcom has been on an insane run, I think it is a great long term stock. However I am looking at short term, we can see a rising megaphone pattern and inside of it we see a small rising channel that is pristine until the last hour of trading on 5/8. Due to this I am short for this week, I will be looking for a quick gain on puts and get out.
Possible hs, only way to confirm would be downside. Not trusting this rally as MFI continues to downwards.
So just remember that this is all a game that other people are better than us at the game. what youre thinking right now whether to buy or sell its because that's how good they are at the game lol good luck. just my idea of how it looks to me
Bull pennant should gap up soon to fill the gap and to breakout PT: 220
a clear v shape recovery off the support line, creating a bull pennant my goal is that futures will become oversold Sunday night and we will gap up out of the bull pennant Monday morning in which I will sell my calls