Looking at this chart. I see consolidation of price action in a controlled manner.. I also see a bull flag, with a solid base and cup handle patter.. looking for box breakout above resistances and test 4600
Self explanatory bull flag breaking to retest 4600
Keeping this simple Daily Oversold, w/desc triangle breakout set up. Bull flag breakout set up with a min retrace target 81.97.. previous resistances of 75.40-76 have been flipped to support.. I do have a position. Not trading or investing advice..
Looking at the Daily Chart of Gold, I noticed several bullish sentiments.. 1) AD & Stoch RSI both bottom at same level 2) Oversold level w/ a hidden bullish Bat 3) 3x bottom set up, near the retrace of B leg 4) Hidden bullish AB-CD pattern I'm also seeing weakness in the 2x gold bear etf AMEX:DUST I will illustrate all of this in my Technical analysis Not...
On this particular chart, I wont be trading w/ price action. I'm only using the AD. I have spotted a desc. triangle with the AD/Money Flow to 78.00 via the futures short.. AMEX:DRIP is vehicle I may use to enter the short via call side w/ us equities (depending on the opening NY Previous, I attempted to scalp to the supply zone of $84, cause I saw oil in a...
Looking at the 1hr chart on oil.. 1) I noticed the bear flag (hasn't completed or broke out to the downside) 2) looking for a bullish scalp to $84-84.10 3) wave trend oversold 4) I'm only long to the apex which i'll wait for confirmation 5) looking for a retest back to the 84 supply zone, which will still keep price action inside the bear flag. at that point i'll...
price action ran up to the 1.618 fib level on my 15min chart. Stoch RSI showing overbought and double top wave trend showing bearish ab-cd pattern looking for min retrace back to B leg bought some long dated puts on this morning pop.. looking for minimum retrace back to 425 bulls need to close over 428 imho not trading or investing advice. cheers and enjoy the weekend
2 bear flags spotted both by the AD and Price action. The price action (bear flag) has an apex forming near the close/power hour tomorrow. Im looking for a breakout of the price action and a retest of last Wednesday low $421.55 Of course futures trading could invalidate this pattern, will know more by the open. No longs overnight and no puts overnight. If the...
Hello Traders, In this video I point out the bullish cup and handle pattern that is currently forming on NASDAQ:META 4hr chart. I also showed the Elliot Wave pattern . I'm bullish on Meta for the following reasons 1) Oversold RSI 2) Bullish C Wave (upward) 3) Handle that has formed .5 fib level 4) The Bearish ABCD pattern sold off to the .5 fib level, and I'm...
Happy Hump Day Traders. In this video analysis, I covered why I'm now short term bearish on Tesla. 1) cover the bear flag 2) Overbought Stoch RSI 3) Wave Trend overbought, and also showing bearish AB-CD Pattern 4) Double Top 5) Base Formed already, breakout from bear flag could give way to Handle (cup/handle) Not trading or investment advice.
In this video analysis, I reviewed the 15min chart and the AD/Money Flow for SP 500 ETF AMEX:SPY Here is what I've Found 1) Bear Flag 2) Double top 3) Rejection at the 200 MA 4) Stealth Head and Shoulders 5) Bearish Supply Zone by Price Action Not trading or investment advice. Please do your own due diligence
Bullish Double bottom by the AD Also have a triangle breakout set up by the Wave trend Price action was looking for a double bottom to make the AB-CD valid. Looking for a retest of the C leg of this pattern which I have at $432.00
1hr time frame, stoch rsi is still above clouds. currently short from the bearish 1.618 sell off...
Hello Traders. I just completed my review of NASDAQ:TSLA weekly & Daily Chart.. Key things I noticed were: 1) Elliot Triangle Wave 2) Cup/Handle pattern 3) The AD/Money Flow are both showing a cup/handle pattern on the weekly chart 4) Daily Chart Stoch RSI, is oversold Disclosure: No position, will be looking to add this week.. Not trading or investment advice
reviewing price action from the bullish breakout of the AB-CD pattern. Tsla 1.5 etf NASDAQ:TSLL is showing overbought w/ AMEX:SPY looking to turn down from $424.50 area to possibly $420-421 im grabbing some puts here... not trading or investing advice. do your own due diligence
30min Chart shows bullish sentiment 1) AD showing a bull flag w/ price Target of $91 2) Triple bottom by Price Action, AD, Chikou Spann Scalping futures, not trading or investing advice
DX, focusing on the AD & Money Flow. I see a double top by the AD, however there is a base forming. The Handle is currently being shorted, we dont have a bullish/bearish breakout yet. However, i'm leaning towards the bearish side based on what i've seen in Gold & Oil charts. I will be posting additional charts to show til there is a definitive trend direction
Since I was getting asked question about AMEX:SPY etf, I decided to answer them via the video analysis. Not trading or investment advice.. Price action closed above both the .618 fib & .382 fib levels on the daily chart. I'm waiting for price action to close above the .5 fib level $435.65 (which is also a gap area).. With price action closing above this gap, I...