sodapop4d

sodapop4d

We currently have a head and shoulders that has not broke the neckline yet but does line up to a shark that would end at the 88 retrace. Also have a nice round number of 15200 with a big volume channel through the thick of it all. I am looking to short based on the 1 hour around the 20 ema. And a target of 15200. Trade safe.

sodapop4d

A butterfly pattern is in full effect today with the news posting a 15 min doji. Strong uptrend in tact. Should be easy open today but will require a bit of a long stop.

sodapop4d

Well things are heating up and with an rsi over 80 its just a matter of time. On the daily we have 2 gartleys, and a bat converging into an area of importance. Structure show we are already into the suppy zone(largest rectangle). And with a little more patience i bet we enter the kill zone from 4509 to 4565. Between these points we have a very high confluence...

sodapop4d

Trend line forming. Confuence with support resistance structure. At the 170 -175 level. Waiting for reversal pattern on the 5 min chart. Fib retrace confluence at .618 area. Rsi 50 should be resistant. Looking for test of low at 15069 target. Stop will be 10 points above reversalal pattern on the 5 min

sodapop4d

Wedge break. Retest fail. Short kissed the previous trend line. Immediate fail rsi break down. Easy peasy

sodapop4d

A mile high overview shows an altered Cypher complete. Support zone far below at the 23 and 38 retrace. Spx showed a failed breakout. Rsi turned lower with rejection. Double top formed but. Not confirmed. Equal measured move shows confluence at 38 retrace...looks like buyers are exhausted and sellers getting ready..

sodapop4d

easy trade if you brass spheres, nasty over sold conditions near previous bottom resistance observed, break play

sodapop4d

Looks complicated. all roads lead north. the biggest question is will we get a pull back first. looking for a retest of 1.2500 to 1.2550. hoping to see a small pull back first to get on the and ride it up. first I will be watching for a pullback to the small trendline to about 1.2325. if that holds i will get long with stop below 1.2285 ( HHHC candle) if support...

sodapop4d

clean set up off a bat pattern at market, structure to the left for support, seems like a good turn around on news, previous waves are set up to support a cypher at target 2

sodapop4d

looking for an extreme over bought position in the supply resistance. correlates with and unconventional deep crab and 2x's the original flag pole. (vertical blue line) might form into a rising wedge. previous structure helps to support idea along with the possible inverse head and shoulders forming due to the expected pull back. target one is supported by...

sodapop4d

BAT COMPLETION AT 2618 OF LARGER TIME FRAME. SHORT AT MARKET

sodapop4d

hit this one perfect. target one was reached at at .382 retrace. took half off and continuing on to target 2. ( for the record I always have multiple targets but generally only show the longest target, will post all targets from here on out.

sodapop4d

looking for price to retrace and form a higher low at the completion of a bat and cypher. this will bring price back into strong previous support. rsi and stoch to confirm

sodapop4d

looking for cypher to complete at bottom of trend line, and continue trend

sodapop4d

price may retrace to form double top with harmonic pattern completion. rsi and stoch. should confirm with extremes

sodapop4d

price might retrace to a 618 of the double top with an extended shark pattern. stoch and rsi should reach extremes at this point for confirmation

sodapop4d

Previously the lower low violated the channel, we rallied back to the top of the channel. cypher pattern shown. fib confluence at the 141. structure confluence. target is much larger due to gap at 105 and the lower break of channel.

sodapop4d

see text