looking like a moar diamond set up, some resistance above so will need volume push. looking to also short top if this breaks out for higher high on reversal set up. more short term bullish
51.81 would be confirmation for me. I like this set up and looking at purchasing 3 Jun16/23/70/C contracts monday. 251 long term target based off measured move from bullish triangular set up. tradethatsetup@wokereverend
Falling wedge, Daily Bullish hammer with continuation inverted hammer, weekly bullish hammer needing continuation with higher lows. Monthly looks like an inverted Head and shoulders with a back test of neckline. Watching for this to hold or nulify's RSI creating bullish divergence at 42.62 on monthly Williams %D in over sold territory at 14.14 but has gone...
another look at lower time frame based off weekly chart setup
taking a look at lower time frames off the weekly chart posted earlier.
needs to gap up back into channel or we are going to see more down side. Bearish cross over on indicators on monthly.
CWH tryna makes some moves here with what looks to be a bullish crossover, but will it hold
keeping a watch on these indicators for bullish crossing or fake out.
it's time follow indicators and they will show you the way.
here is the current channel JPM is playing inside of. laid out some weekly levels to consider and watch for support and resistance reversals.
lower highs lower lows showing on RSI giving it bearish divergence. watching major support areas but remaining bearish on this daily set up. still holding 439 puts on previous monthly chart that i posted last week.
last friday 11:59 i took otm puts on bearish divergence playing out on the 15 min tf with lower highs and lower lows based off of RSI and confirmed with bearish crossing of inverted %D and RSI/CCI crossing. playing out and watching now on 1 hr tf. this indicator setup has been of great help for entry, up 200% this morning. last week i posted about needing to...
Would love to see the monthly wick come down to 439.28 and close out before heading north. RSI showing some bearish divergence but still does have a higher high to test. I would go long if wick does come down and close out. just my thoughts and opinions of what I would like to see happen. Still alot of month to go, glta.
Setting up to make a move. Either way up or down, we know what to do and where the target will be. breakout of either side we take a parallel line and place at the furthest tip of red or green (to the side of the breakout/down) and will be the first target.
could be a large bull flag building on the 1 hr timeframe. this pattern will be complete if we hit the top of yellow parallel channel. i would expect a pull back then reattempt breakout if so.
Here is the set up for the line graph, levels resistance and support. possible bull flag waiting to see if we have break our or break down here at resistance levels.
my Daily chart all mapped out on this play. I've been bullish on BOIL for about a year and still bullish on this watching the daily divergence play out. imo breaking out of downward pressure finding support in this lower range. I'm excited to watch this play out either way. nice big moves BOIL
here are the technicals for the monthly chart. indicators showed bearish crossover but also showing bullish divergence over longer term. Higher highs with higher lows on RSI monthly chart. indicators are bullish except on weekly with possibility of monthly bearish crossover in the making but has not yet done so.