dRends35

dRends35

ZETA Ok i've got a silly short here but it has good bang for buck and tight RR 😅. The point of this is twofold: 1) Indexes are at a potential ratio based inflection point (though not at all determined) 2) ZETA is also in a similar ratio based inflection point; though the chart is very different. ZETA is up 19% today on TradingView "Gap Gainers" after an...

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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...

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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

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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

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.

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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 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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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...

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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...

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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

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Natural Gas Now showing bearish divergence on the 3 hour chart after a higher high shakeout. That is very likely to be a Wyckoff UT UpThrust. This signals that the current wave up is now more likely to be a connective wave and there will be another bearish wave to follow. Perhaps it gets back to somewhere around the 0.618 are perhaps it will get all the way...

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BTC Fear ravages Cryptoland as Bitcoin slumps to a lower low. And bearish projections are doing the rounds on Twitter etc. But BTC has just hit the 1:1 Golden Window. And there is bullish divergence on the 4H RSI And it looks like it just broke down from a bullish fractal. So this is probably a great dip buy here and in altcoins 👍. Not advice

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SILVER I think SILVER and GOLD may be into the next wave up here. It had a fast slump, moved on up, had another weaker slump with a higher low and now moving up again. I think that is likely to be a typical bullish 3 wave correction. Notice how the overall trend trajectory has not been affected by the 3 wave correction. That is another bullish clue I...

dRends35 Updated 

USOIL Continues in this choppy descending channel that probably signals weakness to the downside. Notice the RSI is now at a depth where previous corrective phases completed. Could be moving on up soon 👍. Not advice