TradingNomadic

TradingNomadic

Real clean 3 drives pattern here on TLRY bullish with bullish divergence on the last 2 lows. Possible setting up the 3 bar play as well. This one has declining volatility at the moment, so it could consolidate a little further before the stronger move comes in. It IS however above the support of the first low and attempting to break local resistance.

TradingNomadic

Another common pattern ive been seeing across the market is the Bullish dragon with the lower low on C which would give me the impression that we could see a 786 return. In the case of a double bottom, we would look for a target a bit higher at the 2.0 extension around the 886, which would end up being a Bearish Shark, rather than the cypher here.

TradingNomadic

Another inverse head and shoulders with bullish divergence on the lowest low. Bullishly engulfing here on the 3D potentially seting up for a 3bar play continuation.

TradingNomadic

A lot of these going around in the stock market right now. Inverse head and shoulders / Bullish dragon with a lower low on the second bottom to develop bullish divergence. Rising momentum and volatility here on the 3d.

TradingNomadic

Real nice inverse head and shoulders here on Shop with a higher right shoulder. Rising momentum and volatility.

TradingNomadic

Real clear bullish divergence here on ARKK, breaking out of the wedge, and engulfing off the backtest.

TradingNomadic

Real nice inverse head and shoulders here on NVDA. Expanding volatility, with rising MFI and bullish momentum, breaking the neckline here.

TradingNomadic

We've been following this pattern closely on ETH. Locally with the adam / eve bottom (develop the Feet of the dragon) and the larger bullish Cypher, which has given us our type 2. We still need to break the .236 which is the dragons "hump", and the neckline of the adam and eve. While it wouldnt be wierd to see a retracement/checkback or consolidation of some...

TradingNomadic

If we were to assume ETH was in an accumulation phase, referencing a potential Adam & Eve double bottom forming on higher time frames, we would expect to see "inverse" distribution on the lower time frames. The adam and eve double bottom is essentially an accumulation range, and the breakout would be the top of the range or neckline. Ideally youd want to see the...

TradingNomadic

Holding a critical level here above the .50 retracement. Stochastic rsi still expanding with hidden bullish divergence on this last low and bullish divergence locally on the MFI ADX not showing a clear trend here just yet. Watching the downsloping supply line for a test and the local resistance around 4100. Target still remains the same from our previous trade...

TradingNomadic

We've hit the 786 here on the Bearish Cypher. ADX has reached extremes and shows the bullish DX cloud beginning to fade out RSI is showing maturing Bearish divergence as it falls under the moving average and out of the bullish control zone Id love to see a lower low and lower high locally to confirm the downtrend. A common retracement to the 382 would bring...

TradingNomadic

Looking like the confirmation high on the Bullish cypher here. Bearish divergence maturing on the RSI. The positive DX cloud on the ADX is coming down while the trend is losing strength. Money flow also coming down and barely positive on this second high. 16280 would be likely for a checkback but ultimately i think the .786 is going to be the target.

TradingNomadic

Catching a bounce here but ultimately im looking for a lower high in the retracement zone, which we have hit already arguable at the .382. From there i would be looking for an extension to the 1.618 minimum, which is confluent with a local inflection zone. The .786 retrace of the entire wave would complete a Bullish Cypher pattern, and i would be scouting for a...

TradingNomadic

Bitcoin catching a little lift here, still holding at the 113 extension of our previous range, and breaking out of the local consolidation. Watching 17600, and 18900 as 2 local range targets, with 18900 being confluent with the POC on the volume profile. If we break about these levels, id look next to the .618 around 20,700 for the potential of a bull trap...

TradingNomadic

Real nice reaction here from the $NDX. Bullishly engulfing off a critical level from the summer. MFI is about to cross over as we reenter the bullish control zone on the RSI. ADX shows the bullish trend is gaining strength, and we have backtested the 55EMA as support. This structure is similar to our SPY and DOW trade, just a little farther behind the...

TradingNomadic

Holding above a critical level on ATOM, 9$ was a top August 2020, and a bottom last July, historically the next level up would be around 14, and $22 above that. Possible Bullish Gartley completing at the 1.272 retracement from our September highs with bullish divergence locally on the RSI on the daily and 4hr. The weekly shows a weaker drive of divergence as...

TradingNomadic Updated 

Real nice recovery here on Tesla, after briefly breaking below the September 2020 high, and March 2021 low. Of course we would like to see 179$ backtested as support, or perhaps a local double bottom, but this looks promising for tesla so far. RSI has reached oversold with a real clean drive of bullish divergence, and clear impulsive behavior afterward above the...

TradingNomadic Updated 

Real nice example of wyckoff accumulation here on the TOTAL2 chart. This is the total market cap without Bitcoin , though all of these charts have a similar style accumulation range, BTC being the most effected by the FTX event. We have broken the supply line and regained support above critical levels after the spring event. I also notice there is a new gap in...