maitreyoda21

maitreyoda21

Given current market conditions: 1. High inflation 2. FED action to aggressively tighten monetary policy (increase interest rates and reduce balance sheet) 3. Small Caps (made up of small risky companies) struggling in high interest rates environment I see IWM going lower from here. Target around 172 or lower even. My moving average indicator (bottom red and...

maitreyoda21

Shark pattern completed; we are started bouncing off support; should be able to target higher price levels from here. Also, MACD is oversold on daily and 195mins timeframe; Bullish!!!!

maitreyoda21

With MACD 12 ema signal crossing MACD 26 ema signal on the 39mins timeframe, there is a potential reversal trend change in the short term. This is further supported by the fact that we have a bullish Gartley Pattern. Prices could see $59 to $60 before or after earnings

maitreyoda21

Based on the Elliott Wave Theory, we have traded downwards since the COVID-19 crash in an impulsive manner. We are currently completing a wave 4 of the impulsive 5 wave move to the downside. I am expecting the last 5th wave to get under going in the following few days. With earning looming, this can be the catalyst to the downside

maitreyoda21 Updated 

@StefanBode, I expect price to contuse further down as a start of a 5 wave of a larger C or A wave in the downtrend

maitreyoda21

Since we have been following FB, we now have potentially a Cypher and Bat Pattern who are both very close to completion levels. Moreover, RSI level in the daily chart is in oversold condition. Waiting on some confirmation signal in lower time frames to go long. Entry prices are between 174.58 and 179.94. We already closed above those prices this week. Green zones...

maitreyoda21 Updated 

Potentially Bat Pattern at completion levels. Waiting on some confirmation signal to go long. Note this is hourly time frame. Green zones are you profit taking zones Red zones are your stop losses Looking for a 0.386 retracement as first target Looking for a 0.618 retracement as secondary target

maitreyoda21

PRGS is potentially in a Cypher pattern. D leg had been completed today and we can start looking for an entry. Use any bullish signals you are comfortable with to enter. Look for 0.386 and 0.618 as initial and secondary target respectively. Stop loss is clearly defined inter the X point

maitreyoda21

Potentially Cypher and Bat Patterns close to completion levels. Waiting on some confirmation signal in Lowe time frames to go long. Green zones are you profit taking zones Red zones are your stop losses Looking for a 0.386 retracement as first target Looking for a 0.618 retracement as secondary target

maitreyoda21

MSFT Potential Gartley Pattern

maitreyoda21 Updated 

QLYS has potentially completed a Cypher pattern. Look for potential entries next week with initial and secondary targets at the 0.386 and the 0.618 retracements respectively (depending on market behavior).

maitreyoda21 Updated 

Potentially Cypher and Bat Patterns currently underway. Still early but completion of the patterns at the yellows arrows can signal short term entries for quick trades. Green zones are you profit taking zones Red zones are your stop losses