UnknownUnicorn121770
Multiple patterns at play in this 2,5 weeks range area: - A weak broadening ascending wedge thepatternsite.com - A megaphone? thepatternsite.com - A diamond? thepatternsite.com Tank or fly? Footnote: The smaller the time frame, the weaker the pattern. Most of the thepatternsites.com pattern analysis spawns multiple weeks on the daily time frame, but also work...
House of cards.
Possible bump-and-run reversal, back to value area support. See thepatternsite.com for more info.
Tight range past two weeks. Expecting range to expand. Prepare for an explosive week next week. My bias: long. Good luck!
See chart.
Possible diamond trade, both short and long, depending on what direction it breaks out. For more info see thepatternsite.com
See chart for entry details.
Will be interesting how SPY behaves around the descending RSI resistance. No position at the moment. Bullish overall, but short term bearish due to possible exhaustion. If this is like October 1998, then the rally has just started. Good luck.
- SPY is near some big horizontal en trend lines resistance. - On the 4H it made a gravestone doji near this resistance. - SPY went quite high on lower volume. While this is normal, it is an additional tell that a reversal might be happening. - Volatility has been very low around the gravestone doji, this often means a volatile move will come. This tells nothing...
Very nice short setup for GE with one of the best Risk/Reward in a while. I'm not playing this one as i try to avoid setups that contain an earnings report in them, but if i would play it i'de see if tomorrow Wednesday October the 13th, 2015 confirms with another lower, weak daily candle. Stop loss: ~ 28.40 Open: ~ 27.40-27.90, if confirmed Target 1: ~...
This setup is valid as long as price does not go above the max price level on the chart of around 196.18, before backtesting the correction base POC.
- Price above correction base POC. - Plenty of vol catching this, making a higher low since the Black Monday's sell off. - Some nice volume with the pop of the trendline resistance. - Three 'white' soldiers on 1H time frame. First stop the naked POC at ~310, if this breaks a move up to ~320 with a max of ~334 before continuing its path down.
Risk is about 1180 here from A to C and reward only 917. See thepatternsite.com for more info.