oliverrathbun

oliverrathbun

I'm looking for a nice recovery in Nike. Not new highs but a nice return none the less. There is a price gap as noted. Likely that is filled IMO.

oliverrathbun

This is an update based on trading activity this week. My longer term expectation is that we make nominal new highs. I think the long term upper channel line will be respected along with the white 4.618 Fibonacci cycle arc. I know this opinion flies in the face of fundamental logic based on all the news and underlying problems with the economy. I just see too...

oliverrathbun

What will it be? One more dive to the bottom or are we off to the races? Chart says it all....

oliverrathbun

Updated previously published idea. I'm looking for the price gap to fill. Prices broke out of a bullish flag. I'm not looking for new highs. My anticipated price path is illustrated.

oliverrathbun

I've updated my thoughts on how the price price pattern is resolved while still respecting the channel and the 4.618 Fibonacci cycle arc. The fractals of the completed wave iv of 3 and the larger wave 4 are identical. What if this continues to play out and wave 5 is a larger version of v of 3? If this is the case this is what it would look like. A lot of...

oliverrathbun Updated 

We're at the median line now. Will we stop and reverse? Will it be a pause? Or will it crossover and use it for support on it's way to new highs? It's currently following the same course as October '21. How long will it continue that way?

oliverrathbun

If you like Cup & Handle set-ups This is for you..... Oil & Gas company with property in North Dakota - Strong Fundamentals

oliverrathbun Updated 

I don't know what it takes to get these published charts into circulation here on TradingView. There is so much GARBAGE published with little to no usable content and much that is downright drivel. Who are the editors the make these decisions and what kind of trading background do they have? Does anyone know? OK enough for my rant. It's way too early to make...

oliverrathbun

No It's not for Water For Elephants .....The "Elephant in the Room" is that huge price gap. I am looking for a recovery in price to fill the gap and get to the median line. Anything over that is a bonus. The blue bars are obviously representative. The actual time and price pattern could look much different.

oliverrathbun

The fractals in the two boxes are pretty much identical The curious thing is that they are in the same wave 4 Elliot position albeit of different order. It will be interesting to see if this unfolds as anticipated by the wave count on the chart. Time to place your bets......

oliverrathbun

Will this axiom turn out to be true here? Yes, the move off the highs was dramatic. Yes, there are myriad reasons why the market should be tanking....but it isn't. At this point we are between .38 and .5 retracement of the wave three advance. Perfectly acceptable correction level for wave four. Is this the beginning of wave 5 taking us to or exceeding the ATH?...

oliverrathbun

As you can see, this price channel along with it's median lines, has defined every major turning point for the past 22 years. At each touch highlighted by the white arrows there has been a significant multi-year change of direction. Noteworthy turning points on this price channel: 2000 - 2002 - Dot Com Crash 2007-2008 - The Big Short - Financial Collapse March...

oliverrathbun

This pattern applies to the S&P only. The NDX is a different animal. I'm less confident there will be new highs in that index. The board is full of dire predictions for the S&P ....with good reason! It's been an historic decline off the top. This is what happens at important junctures in the market. A casual observation of the posts would suggest this is an...