Possible trend reversal. I would watch that long RSI trend for breakout. And green support. If support broken - more downside.
I want to represent a dollar channel. It is very significant. There is a balance of world fiat currencies. Dollar is reserve currency. Chart will tell you if there is something going on. Look at the date stamps. There is a dollar milkshake theory - Look into it. In my short opinion you can not shake the milkshake too much. If this huge channel leaves - it will be...
BTC rally is cooling off. 2 uptrend's broken. Possible consolidation zone or starting to roll over. Watch tiny triangle. Gold looks bearish but possibly creating consolidation zone for uptrend.
We are all looking for the top of market or pullback. Fang stocks look mixed a bit on the bearish side. MSFT is hard to tell, looks like has some upside. NFLX seemed to have developed solid downtrend. AAPL looks line it is breaking the uptrend channel . GOOG looks like it is in the wedge developing down channel . Tesla Skyrocketed out of the up channel to exactly...
We are all looking for the top of market or pullback. Fang stocks look mixed a bit on the bearish side. MSFT is hard to tell, looks like has some upside. NFLX seemed to have developed solid downtrend. AAPL looks line it is breaking the uptrend channel . GOOG looks like it is in the wedge developing down channel . Tesla Skyrocketed out of the up channel to exactly...
We are all looking for the top of market or pullback. Fang stocks look mixed a bit on the bearish side. MSFT is hard to tell, looks like has some upside. NFLX seemed to have developed solid downtrend. AAPL looks line it is breaking the uptrend channel . GOOG looks like it is in the wedge developing down channel . Tesla Skyrocketed out of the up channel to exactly...
We are all looking for the top of market or pullback. Fang stocks look mixed a bit on the bearish side. MSFT is hard to tell, looks like has some upside. NFLX seemed to have developed solid downtrend. AAPL looks line it is breaking the uptrend channel. GOOG looks like it is in the wedge developing down channel. Tesla Skyrocketed out of the up channel to exactly...
Small wedge was negated (as it shows) unless we gap down on Monday. Spy as well broke up from up channel today. Seems to be the trend, every pattern breaks up. Ho ho - stocks only go up and always parabolic, unless it is a value stock... or boring dividend stock :) NDX if today's break out was not fake, duck says (chart) If you wonder why my channels are so ugly...
We actually broke up trend channel EOD today. What you know? Fib levels look perfect for 386 target. If that one broken up - we have long way up. if turns down we will probably see bottom of big channel.
Short TESLA with tight stop. I do not believe it can break that channel. But who knows, if it does go long.
Picture looks a little different on two charts, curious.
As you can see we are in long term downtrend and looks like we lost interior up channel.
BTC next possible support zone is 31700, correlates very good with longer trend.
More likely to follow big downward channel. Rsi is wedging. but if down channel broken - will have some upside.