charlie12

charlie12 Updated 

XLK has had a great run, but it's extended. I'm watching for a quick pullback before continuation. But much will depend on the overall markets. I marked a couple other levels that I'm watching in case we see a more significant breakdown. Happy Trading, Charles

charlie12

This is a quick example of how I use the 8 EMA and the Wavetrend Oscillator together. Please remember that reading the candles is 99% of it, and everything else is just lagniappe. Happy Trading, Charles

charlie12

It has been really neat watching this play out. Baring an amazing recovery by the Bulls: The Rounding Top has been confirmed. Happy Trading, Charles

charlie12

Watching TSLA for healthy consolidation and a possible entry.

charlie12

We've gotten some good price action around the 63.45 area. A close above the downtrend resistance line and this becomes a longer term Bull play. It's important to wait for a confirmed "Bullish Reversal Candle". I'm expecting a bit more downside before this Long play plays out. Happy trading, Charles

charlie12

Possible Short in the making. A close above clear resistance will bust the Short play. I am scouting for a play and will not take a position until I see a clear breakdown.

charlie12 Updated 

Watch for the break of the downtrend line for the fist Long play.

charlie12

I'm not a fan of biotechs; they tend to come with a lot of BS that ruins patters. But I like PTX here, cautiously.

charlie12 Updated 

The MJ sector will have a sharp retrace sometime in the near future. WHEN it happens: Target the weakest names If anyone has any tickers that they would like to share as potential targets please leave a comment

charlie12 Updated 

Getting ready for the day. Here is a quick post of what I'm looking at for 12/29/17.

charlie12

This post is a heads up. There is a potential Long play in the making, but watching for a Short entry is why I'm following this.

charlie12 Updated 

Unfortunately I'm a little late to this party, but there may be a little juice left. Also Important Note: I'm being very cautious because there is the possibility of a sell the news event at the first of the year. It seems that the expected good news is already being priced in.

charlie12

Potential Symmetrical Triangle Continuation Cycle. Very similar to the pattern we had with WEED that broke bullish.

charlie12 Updated 

This is a beautiful Bull break.

charlie12 Updated 

This is a very neat chart. We have clear levels to watch and play off. If the Rounding Top confirms this is going to be a long-term Short play.

charlie12 Updated 

It's not every day that you see a well known company in this much trouble. GPRO has one last major support left; if this breaks there will be a massive dump. 7.90 is a major support so there is no guarantee that it will break, but I believe the risk to reward is worth it. I'm expecting a small bounce to play out so the entry will be right below the 20MA. If this...

charlie12 Updated 

WEED has formed a second downtrend line off of the previous False Break. That part may be open to debate but this is clear. Both downtrend lines are in play, and this pattern will break soon. This should be a clear play whichever way it breaks.

charlie12

I believe there is trading potential here. I have highlighted the approx entry and exit of the first trade. After that I am going to watch and see what happens. If it can break resistance than it does have room to run. However, it has rejected from this level four times; so I am going to play it short if it rejects again. Happy trading, Charles