dRends35

dRends35 Updated 

USOIL Ok I've got my bearish hat on today 🤠. Starting to look at the possibility that rather than this area being accumulative that it may be the 3 wave pattern that we have seen in many charts and in multiple markets. It is everywhere. It is of course the 3 wave correction where the 3rd wave is the shallow Wyckoff Creek. In this instance it is the Inverted...

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NATURALGAS Pumping today but its coming out of a long ascending channel. So this is wild and dangerous. It has again pushed through resistance into the higher liquidity area. At some point it will likely collapse either to a Golden Window retracement or lower low 👍. Not shorting. Not advice

dRends35 Updated 

Before posting this I did check through the first page of most recent and most popular threads on MARA and it was very interesting to see that every one of them is "LONG" MARA. So this is a contrarian thread. And why is that? Well aside from the skill it takes to make a correct bearish call mid bull market; MARA is a fanboy hype stock. Most of the posts are...

dRends35 Updated 

BTC Back down to $57K in a hurry. I've overlaid S&P again to highlight that Bitcoin is continuing to move with the index. And actually today Bitcoin has already printed a bearish momentum candle whereas S&P has not, so potentially it is now leading the S&P. So as one overtakes the other, we may find that Bitcoin's continuation is signalling further imminent...

dRends35 Updated 

SILVER I bought the dip and re-entered silver at support with a limit entry as we looked at before... It printed a bullish hammer / dragonfly doji with buy pressure coming in @ support. It looks good here and both gold and silver are in lower time frame descending wedges. The correction may extend but this could also just carry on up from here into a very wild...

dRends35 Updated 

SPX500 As we looked at, this wedge shaped fractal looked very weak as soon as it started to grind upward from the second bounce. Now it has slumped down below the lower wedge trendline and that is quite a bearish look down there. From here there will be a lot of resistance above and its now unlikely that it can reach the upper trendline again without first...

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BPMC With indexes showing bearish potential, this is quite a tasty looking short setup here as this stock has just had a big earnings gap up today. This appears to be a 1:1.618 ABC with an Ending Diagonal. Ending Diagonal is is just an ascending wedge at the end of an impulse wave. Notice the bearish divergence on the week chart. That tends to be very...

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Bitcoin down 5% today but Bitcoin Dominance has suddenly printed the largest dump candle for a while. That means that the altcoin market is on a bounce. The best altcoins will be printing bullish hammer candles right now (I think). This chart doesn't prove that any coin will bounce and there are plenty of losing coins right now. Not advice

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GOLD In comparison to silver looks more bullish and this is quite a bullish looking descending wedge. I am re-allocating my initial long position through this area 👍. Not advice

dRends35 Updated 

ADA looks to be topping out here along with Bitcoin. In tandem with Bitcoin retracing back to at least 20K, ADA could lose 90%+ from the top and provide an excellent entry. Of course ADA could have a final surge, but it looks fragile and topping in similar manner to Bitcoin. Target for entry is currently around $0.12.

dRends35

ETH.D As Bitcoin Dominance dumps, ETH Dominance has begun to pump. Interesting to note that it has begun to pump almost exactly as the Bitcoin halving passes. And so it is looking more likely that a bullish Wyckoff ST Secondary Test has just passed - a weak lower low. There has been plenty of bullish divergence through this area, so now it is breaking out, it...

dRends35

USOIL Looks like this is a bearish connective wave completing here and it will have another wave down. It just printed a Shooting Star shakeout through the very long term trendline which also a 0.5 retracement; that is a very common continuation ratio in moderate corrective trends. If it can get to the 1.13 overshoot ratio of the 1:1 extension then it can hit...

dRends35 Updated 

Week candle about to close very strong and AMC has bounced hard from the long term 1:0.618 Golden Window taken from the shakeout top of this enormous crash. A 1:0.618 is most common 3 wave ratio in this type of flash crash where the 3 wave is of course; weaker. Also there is some bullish RSI divergence. So good chance this is a significant low here If it makes...

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I dont have time to remember and update all my altcoin threads, TradingView is too disjointed for that. But it does look like many altcoins such as SDAO are heading into another wave down and crypto as a whole; heading into a deeper correction. Here it has printed a weak rally topping at the 0.382 retracement ratio of continuation. There is a long term 0.618...

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Has had a big earnings pop back to the top, but there is lots of bearish div through the area and indexes look bearish. So this might be a shakeout and an opportunity to get the value high from the short side. Its risky to short just after earnings but this could pay off. I am short here. Not advice

dRends35 Updated 

SPX500 Indexes bouncing after the crash low. But here is a pattern we have seen many times. It is the very lucrative 3 wave corrective pattern where the third wave is the cause building Wyckoff "Creek." Most of the examples we have looked at have been in bullish phases and so we have seen a bullish Creek. But here this is a bearish phase and so this is a...

dRends35 Updated 

Is another one I have found browsing "Gap Losers" today. This has long term bullish divergence through the downtrend and through that big bounce; which is significant I think. The upper wick (red arrow) is a bit smelly but I think this is compression forming and on the 2 week chart this is expressed as Inside Candles. And the gap above will attract price so it...

dRends35

SPX This week SPX collapsed out of the long term pitchfork and news of more war appears to have triggered this bearish reaction. I think this will make a 0.382 retracement as a minimum now an could even be much more 🤨. Not advice