oliverrathbun

oliverrathbun

NDX - Weekly Chart This market has reverted to the mean in dramatic fashion. I've taken the liberty to label the waves as I have in an admittedly premature assumption keep that in mind. This is an area of confluence of time and price that should at least provide support, and at best become the launching pad for an advance to new highs? That seems...

oliverrathbun

I've updated a few details on the previous published NVDA idea. Keep in mind this is a weekly chart This chart is set-up about as perfect as it gets from a price geometry/symmetry viewpoint. Right down to the perfect weekly hammer at the wave 4 pivot. It's almost too perfect. What's going on here...... What's up? ... Nothing is this fairy-like outside of the...

oliverrathbun

I'm going to give this some time to develop but it appears this is setting up for a buy. This wave count implies it will eclipse the previous high. This would also suggest the market as a whole has a higher high left in it..... is there a theme developing here?

oliverrathbun

Blackstone appears to be finishing a meaningful correction. What does this mean for the market as a whole? I'm seeing many stocks that suggest there is room for another wave higher.... As hard as it is to imagine that now....Anything is possible.

oliverrathbun

It's time to look for a longer term position here. Developing.... Good risk-reward in this area.

oliverrathbun

I'm not attempting to pick a bottom here.... but the structure of the decline from the January top suggests to me we could have seen the worst of the selling near term. Are we completing an A wave here? As bleak as it looks currently that would fit the characteristics of a "c" wave. I'm looking for the possibility of a buy set-up here for a move close to or just...

oliverrathbun

Here is my assessment of the current position of the market. Is this a valid scenario? We will have our answer in the near term Pretty self explanatory. I'm looking for a buy in the next few days.

oliverrathbun

It's always the darkest before the dawn... Does it get more bearish than it is right now? Well...it could I guess. As hard as it is to imagine this scenario.....What if this is what's happening in front of our very eyes? I've expected a fifth wave to come from the low of 2020. Are we finally at that point? This is pushing the limits of that possibility. Until...

oliverrathbun

4 hour Chart I'm looking for a move UP to begin the process of forming a "b" wave. This should provide a decent opportunity on the long side. Conservative approach is to confirm a move through the descending white channel. The upper purple channel line represents a 1.618 move of the structure in the white box Let's see how this plays out.

oliverrathbun

The last two trading session were one way affairs to say the least. They look corrective to me. I think the March 29 high needs to be eclipsed for the story to be complete on this market. Is there is more price structure needed at higher levels to form a complete top? To me yes. Given all the fundamental factors at play here you can call me crazy now. :) Here...

oliverrathbun

Price has unfolded in a corrective pattern. We are at a critical juncture as noted. If the current channel contains prices I can see an advance that will eclipse the previous swing high. For better or worse we will soon know

oliverrathbun Updated 

There is a confluence of forces at play here..... This can go either way. Trading comes down to adapting to the environment you are working in. This is my trigger point,

oliverrathbun

Cup with Handle on the VXX --- Oh, it's HOT alright.. I'm betting on a breakout...maybe one last shake out first? ....

oliverrathbun

Bank Stock Charts Not Looking Good Trendline break as noted on chart Target box with approximate price level

oliverrathbun

This stock is not out of the woods yet.. Five waves up to complete the "c" of 4? I'm a little suspicious that wave 4 completed today? My buy in point will be a breakout above todays high ($14.85)

oliverrathbun

The Cup With Handle chart pattern is bullish. I'm bullish on Starbucks. Sometimes it's best to go with tried and true price patterns This would make William O'Neil proud. You can't make it up.....

oliverrathbun

This stock has been like gold. Buy it and forget it....Automatic right? This formation has me worried about the overall market. Not too much time I'm afraid... because if the formation goes to completion on this stock....well you forget about all the other stocks in the market universe.

oliverrathbun

An M top executed to perfection! The chart says it all......