DoozyTrader

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1. Trendlines, no matter how you draw them. 2. ATR. Patterns! 3. Stochastic range. Likes hanging out at the top, but it eventually gives. 4. Election year. Federal reserve independence. What will happen when the money supply is affected? 5. Dark pool indexes showing steady uninvestment.

DoozyTrader Updated 

Ethereum's breakout (potential fractal) points towards downside and volatility through May. The scaled fractal elements are marked: 1, 2, and 3. GEMINI:ETHUSD 's downside amount was calculated with Fibonacci, backed by an ascending support level and Volume Profile point-of-control. In order for Ethereum to reverse to the upside, there would have to be a...

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Investors flock to FX_IDC:JPYUSD in times of economic uncertainty. During the 2007-2008 crisis, the Yen rose 63.42%. As the coronavirus continues to batter supply chains, technology conglomerates suffer lost workforces and unstable earnings. Treasury yields have collapsed to all-time lows. In the very least, as insurance, the Yen awaits.

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I'm seeing something in BITFINEX:XRPUSD . Buy the dip, profit targets set for a 20% gain to previous interim resistance? Green line profit target yields a 20% return. Set a tight stop-loss to prevent significant loss in the event of a downward breakout past the linear support level.

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TVC:GOLD has always effectively hedged against inflation, the USD, and overvalued TVC:SPX markets. Current geopolitical uncertainty bolsters its value. Markets are heavily overinflated; the Shiller PE Ratio is higher than that of black Tuesday. AMEX:GDXJ is setting up bullishly, making it a great independent and inversely market correlated hedge. Relevant...

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NASDAQ:IDXX is forming a cup and handle breakout pattern. What's interesting is the cup's highs were long-term resistance at all-time-highs. So, a breakout leaves no resistance in the way of a rally. I added a trend-based Fibonacci extension to try and get a price target, and it printed between $300-$307. For trade updates, @DoozyTrader on Twitter.

DoozyTrader Updated 

On the 4-hour chart of NYSE:GPS , price action has interfered with the 200 Exponential Moving Average a numerous amount of times. And, almost every time it has, a reversal and price swing has occurred. This latest one happened after a price surge caused by a normal stochastic oscillator divergence, sending price action straight through linear resistance. Old...

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NYSE:WMT has been beaten around lately after a report found they were mistreating a group of 178 female workers. After a gap down, more selling off, and then a rebound just above the widely used 200-EMA, it is now seemingly gearing up for a a bullish reversal out of an island reversal chart pattern. Green line: island reversal trajectory Orange rectangle: Gap...

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Recently, FX_IDC:USDCNY has been making bullish moves. First, the 65-period EMA crossing over the 200-period EMA: a golden cross. Price action began to consolidate in a fixed range, before making a false-breakout, quickly correcting itself. With increasing trade tensions between the U.S., China, and Mexico, another breakout from this supported range will be...

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The AMEX:IWM Russell 2000 cap-weighted ETF is showing signs of very imminent downward movement, backed by Elliott Wave Theory, Fibonacci Retracements, and its Relative Strength Index (RSI). Elliott Wave Theory is a beautiful and fundamental tool for analyzing price action, though it can exhibit many inaccuracies when used to forecast future price movements. In...

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The ongoing trade-war with China is proving unfruitful for most tech assets, especially chip/semiconductor suppliers, including NASDAQ:QCOM and NASDAQ:INTC . Aside from these fundamental negatives, the hourly chart reveals several very simple, basic patterns that provide further confirmation of such bearish sentiment. There are two consolidation-breakout...

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Simple price action patterns on the hourly NASDAQ:QCOM chart are showing bearish indicators. First, a simple consolidation-breakout pattern on the downside, followed by a 65/200 EMA death cross. The cross backed a severe downtrend, covering the large gap from the 17th. These signs are highly indicative of further bearish NASDAQ:QCOM movement; and extremely...

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I am predicting that Exxon Mobile will have further bearish movement, due to a few sequential chart patterns appearing. First, the death cross. At this point, the 65 period EMA closed below the 200 period moving average, an extremely strong sign of negative movement. The confirmed resulting downtrend resulted in a period of consolidation. When price action leads...

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The IWM iShares Russel 2000 Index has formed a downward Elliot Wave pattern on the 30 min interval chart. This is a sign of strong bearish sentiment, likely due to the continuously escalating trade war between Washington and Beijing. Similar patterns are seen on the 30 min charts of other index ETFs, such as the SPY S&P 500 index, the QQQ Nasdaq Trust, and the...