redlinesd

redlinesd

BTC structure and updated down channel.

redlinesd

Tesla at the trend line support. If broken - will likely see more pain.

redlinesd

Looks like BTC formed a down channel

redlinesd

Smaller channel broken

redlinesd

Wedge is to clear to work out without shenanigans. But if I am not mistaking it is about to break small up channel. Still support on the bigger channel, until broke.

redlinesd

Is that it for pull back on that one? if we make lower lows there are couple of areas of support.

redlinesd

Looks line a bounce from logical area, on the other hand SPY never got to the same area. If market wants to sell off some more, NDX will have some more down side. 11518 is another possible destination and intersects nicely with support trend line.

redlinesd

On hourly sp500 forming falling bullish expending triangle, but on the big picture it is forming bearish expending triangle. Long uptrend channel was finally broken definitively and price was rejected this time at the back test. I do not see how it would not be very healthy to test September/October 2020 peaks. would only be about 11-12% pull back. But again...

redlinesd

Events of DXY hitting channel boundary.

redlinesd

possible support zone, break below channel - not good.

redlinesd

Odds of breaking down channel seem to be 0 to none. But if we do there is a target. If we go to top of channel and then down we will have to go to negative rates? But top of channel is on the table if we break resistance line level.

redlinesd

What are the odds of Apple retesting pre covid highs? Any takes on that one?

redlinesd

Update for previous Idea of Tesla short. Possible support for zone if we get there.

redlinesd

Back test under channel was incorrect. Now we back tested real channel. If redline is broken up - up we go.

redlinesd

I would suggest buying on the break of the downward channel. Looked weak for a while.

redlinesd

Happy dog :)

redlinesd

Looks like tired old dog :(

redlinesd

Self explanatory. Bigger trend is ranging.