BTC at weekly pivot an FT overbought. May want to trim a little exposure here..
This is UGLY.. H&S with bearish divergence..
H&S with Vol sell intact and 61.8 fib retracement. Neg momo divergence
Appears to be a bear flag. Pivot holding. Possible to see the LPSY at the .50 or .618 fib before failing completely.
Ugly all the way around. H&S , 61.8 fib retrace, distribution, negative divergence
H&S with bearish momo divergence. .50 fib retrace. Above avg sell volume and insider selling.
#ES_F shows distribution on the monthly chart with an H&S on daily / weekly and 61.8 fib retracement on the retest. As I've mentioned before, very similar pattern to $DAX, which failed this week.
Here's what I'm watching. ES H&S neckline broke and we have a retest of the weekly pivot and neckline on low volume. The DAX had the same pattern, which retested and failed. A break, hold, and close above the 2591 neckline and pivot could lead to the fib levels above. There's an open gap at 2921.36 on SPX would create a perfect lower high for UTAD in distribution....
Accum pattern complete on XRP. Heavy 4am buy volume daily for weeks.
Everyone very focused on the the daily chart need to zoom out and look at weekly, similar to how traders look at the 15 min / 1hr / daily for swing trades. Monthly showing clear distribution on increasing volume. Vol sell signal triggered and would need a close above 2935 to be bullish. Vol stop signal has been extremely accurate on the monthly. Look at the green...
Overnight it tagged my worst case low.. More weakness today to close out the candle, then launch.. This completes the accumulation pattern
It's about to get ugly folks. Right at the neckline..
Fisher TF cross targeting 1.618 fib extension, which should lift the market. Possible upthrust coming. Seeing lots of blocks in banking individual names and XLF
Fisher is way oversold and px is flattening. Massive blocks being traded and short float is 67.07%. Vote for 250:1 reverse share split on 7/23. Looks like price manipulation and massive accumulation. I am long via August and November calls.
Weekly pivot holding as support. Oversold and Fisher TF cross. Big move coming