jordanlacedup

jordanlacedup

Quite possibly the ugliest flag pole formation I've ever seen. Ruled out it being a head and shoulders due to it not retesting the October lows. The wedge's trendlines have enough touches and rejections to convince me of its presence. TUNNEL VISION/LONG TERM BIAS: BUYS

jordanlacedup

The monthy timeframe hints at a bullish run, the weekly and the daily forms what seems to be a potential supply/demand zone. While the 4H chart reveals what is a 3 month consolidation at this level. For now based on the structure of the hourly chart, I'm learning towards short term sells given the strength of this level previously as well as the candlestick...

jordanlacedup

A smaller wave.

jordanlacedup

A better look at this wedge obeys Elliot Wave principles, all we need is a double top at would be 5.

jordanlacedup

As this wedge tightens and runs out of space, we can expect a downturn soon.

jordanlacedup

Triangles, wedges, channels and a whole bunch of headaches. The overall trend seems bullish.

jordanlacedup

Expecting a bullish wedge breakout. Currently testing weekly trendline.

jordanlacedup

Trapped in a corrective channel.

jordanlacedup

Channel at work.

jordanlacedup

Trendline seems to be holding firmly. A bullish move should be coming next.

jordanlacedup

Expecting a retest of the channel it just broke.

jordanlacedup

Expecting a retest of that channel.

jordanlacedup

Could not make a clean break from the record highs level.

jordanlacedup

A bullish wedge forcing into the monthly trendline.

jordanlacedup

Bullish flag formation.

jordanlacedup

Exhausted wicks. Heavy consolidation. The bulls might get their turn however it is likely that it will be short lived.

jordanlacedup

For now allow the bears to assert their dominance.

jordanlacedup

There are 3 possible areas for a buy entry, one of these trendlines may be that point of entry.