jcoversmo

jcoversmo

Currently we see a similar price action to May 22, prior to an additional leg down. Projecting the subsequent moves from May 22, *with dampened volatility* would look like this

jcoversmo

Head and shoulders may be in play on NOW. Likely will be valid if S&P continues to correct. Easy invalidation given the most recent candle. Looking to exit on Daily gap fill around $517.

jcoversmo

Cochlear recently broke down from range highs/distribution. It appears to be printing an ascending triangle, a continuation pattern suggesting further downside ahead. I am looking to fill a short around 232 or on the breakdown.

jcoversmo

Currently there is a lot of gloom around the German economy, yet DAX is trading near an all time high. Looking to short German stx that look technically over-extended and where there is a strong risk reward to do easy invalidation/tight stops.

jcoversmo

COH has broken down from its range, so look too short any retest. Invalidation if it can hold above first major fib resistance.

jcoversmo

Luminar Technologies (LAZR) is showing attractive price action with an inverse head and shoulders present on the daily chart. Its founder, Austin Russel, has recently bought stock worth $8.9m, which is relatively insignificant, nevertheless it it is adding to the bullish momentum. Significantly, Finviz data shows a 27% short float, so we could be looking at a...

jcoversmo

AI short, looking for range break down Look to enter on a bounce here, place stop according to your own RM, or top of previous candle. optimal outcome would be take profit in the $15-16 range

jcoversmo

Overlay of Bitcoin price action from 2018 to 2021 over established channel support/resistance lines. This is a lower volatility overlay!

jcoversmo Updated 

While the current narrative and feeling in the market would seem to argue against bullish upside targets, the chart suggests that these could be on the table, if the bottom is in.

jcoversmo

Assuming this is a bear pennant/distributive pattern, I am looking for a slight pull back to around 3965, before another leg of grinding higher. The 3rd and last leg higher should be slower and shallower, topping out around 4250-4310. We might see a false break out above the top of the bear flag, but we should not go above the previous lower high around 4326.

jcoversmo

Will be looking for Tesla to fill partially or fully this gap, and reverse, will add from the top of the green box down.

jcoversmo

Buying on a test of the bottom of this channel looks like a pretty good opportunity - if we get it

jcoversmo

Just taking a stab at a possible future path for SPX, based on support/resistance

jcoversmo

Looking to ride BTC to another deviation above the upper range, guessing it could top around $58k before breaking down/falling back into the mid range. Invalidation if we break below $39k (current price $40.8k), though major crash on SPX would be a spoiler too.

jcoversmo

BTC vs DXY correlation - breaking down or set to continue? relatively self explanatory

jcoversmo

Looking at the recent performance of this index in relation to past periods. Owning stocks from 1982 to 2000 was far more lucrative than any period since.

jcoversmo

Looking for a break out of this multi-month bull flag on XRP - target is the amplitude of the flag

jcoversmo

The BTC November candle seems to indicate a reversal. Most likely though we need to revisit a previous higher level to spark the rejection. Trading plan: short around $61200