wave3trading

wave3trading

NUGT breaking down from the triangle I mentioned yesterday. If it continues downtrend today, you can try it with small size. Don't add to the position until trend confirms as it could just have one or two candles peek out on the daily before sucking everybody back into that triangle.

wave3trading

As I wrote last night, we might be in a wave 3. It shot out of the gate and held most of its gains into the close.

wave3trading

In a sell off market like today, DRI held well especially at the $91 mark. Look for a retest of $91.50 before a break to the upside.

wave3trading

NUGT stuck in a triangle pattern almost all year so far but I think we are getting close to being able to see which side of the triangle it is going to break out of.

wave3trading

Techs got slaughtered today but NVDA still in a double bottom position. We will see if it has a bounce tomorrow or next week for an opportunity to buy.

wave3trading

I'm in long at $92.00. I scooped up at the lows and sold some pops and kept re-adding back around $92. Held overnight for a breakout of the flag pattern made with today's highs. I'll add to my position if it breaks out of the flag of today.

wave3trading

X has tested the neckline as I wrote last night. I'm in at 22.60. Using $22 as a stop loss. Looking to see if it rallies off today's lows.

wave3trading

SIG could be trending along a Elliott wave 3.

wave3trading

X made a double bottom with a test of the neckline soon. Confluence of neckline and MA meeting could be a long setup. If neckline fails, a good short setup.

wave3trading

CLVS breaking out of a channel and flag pattern for a up side to test previous highs.

wave3trading

A double bottom on NVDA for a move higher. If it pass previous high, look for a test of the neckline before even further upside.