Fb megaphone played out. Still bearish for another $20-30, then we're going past ATH.
OKTA looks bearish after confirming a downside after revisiting a wedge. I'm bearish until $150. It will need to break $200, a key yearly support to do this.
CNC going to likely gap up next week. $90 soon, most likely next week
LULU has weakening momentum, a long term H&S and volume cueing in a downside move. You can see that historically, LULU likes to make H&S patterns with the neccessary retest at the end of the H&S slightly overextending the trendline before capitulating. Taking a long-term short for a few months out is my play of choice. A calandar spread is a good way to hedge but...
TSLA 2 trendlines and a trangle playing out. This can be the entry for longs, $950
Refer to my previous chart. TTD looks good for longs. I would get shares here
NYSE:RBLX NASDAQ:UPST NASDAQ:OCDX All of these stocks did the same H and S pattern before breaking out. I attached this pattern simply over a fib retracement of the current trend to establish what the pricing could be. The H and S could play out, but the H and S playing out as a breakout pattern is a more likely play.
RBLX has the chance to reverse or continue downwards. Tight SL whichever way you play.
The Cock and Ball formation (not to be confused with Monkey balls theory) is a classic and easy to recognize pattern commonly used in forex, crypto and stocks. It consists of two overly sized spherical shapes (this pattern is confirmed if you can find candles that make them look hairy or unshaven.) followed by a massive ejaculation tract into the upwards...
Docs is a good longer term play but forming H&S. I think it can go to $80 and past in the next few days, but downside to $66 is far more likely in my opinion. Look for the neckline to be broken
Failed reverse head and shoulders and a double top. The stock also likes to do 3 wave retracements with wave 2 being a consolidation pattern, usually double top. Wave 3 is about the same length as wave 1. It has done this pattern on the smaller scale twice before. Selloff, double top in consolidation, selloff. RSI is weakening and also showing a bearish...
$53.34 Entry and we will see how this bad boy wants to play. News makes things sucky after today and BTC will likely go to 53k before ripping hard, so be ready to buy at $44.37
See my LTC chart. This is the famous saggy left titty pattern. Leads to very quick and violent spikes. I am ready for the shoulder of the pattern to complete. We are well past the areola
This is quite a complex pattern in TA known as the "booby" pattern, commonly found on oncology stocks. As you can see, the right booby is hanging a bit further than the left, and the areolas are positioned for a "3rd nipple" explosion. PT for this is $420.69
This is a Part 2 from what I posted earlier. I posted a bear thesis of NVAX first. Nvax has downside to $30 or upside beyond $700 if it can get past the barriers it has up. It needs news to move it.
I am using historical patterns to predict the future for this stock. There are reasons to think this stock will be bullish, however, historical analysis shows that NVAX might be nearing its end. I am only pointing to direction here and not using fib levels in order to make the chart as easy as possible to follow
Sense a reversal soon for nvax. MA and very strong support levels on $199. At this point, if it gaps down, it will probably gap gaps down 2 levels and reverse within the $175-$187 range. It doesn't seem to like reversing in the $187 to $199 range. If not, it has upside until $225, likewise it doesn't seem to like to reverse between $225-$235,. Then, potential...
Volume isn't supporting the ascending triangle. But once its there, We fly soon!