stockmarketsquirrel

stockmarketsquirrel Updated 

B = 50% Retrace of XA Leg C = Still forming but should start to slow down and head upward to D D = Green boxes are profit targets 1 and 2, then yellow is potential reversal zone Long entry until "CD" leg completes.

stockmarketsquirrel Updated 

Possible bull move for XOM. Showing Shark pattern and divergence on C leg.

stockmarketsquirrel Updated 

Price could head upward completing the Gartley pattern then hit reversal zone to turn bearish. ABCD Pattern shows potential reversal zone.

stockmarketsquirrel

1st Profit Target = 38% retrace of AD line 2nd Profit Target = 68% retrace of AD line

stockmarketsquirrel

Bear Bat showing up on 15min chart. I projected point D and then target price 1 and 2 after that.

stockmarketsquirrel

Handle almost formed. Confirmation of MACD and Price divergence as shown by the blue arrows.

stockmarketsquirrel Updated 

If this cup and handle finishes forming, i'll look to enter at the breakout ($15.70) and put my stop order for mid handle level ($13.15-ish). Then LET IT RIDE!

stockmarketsquirrel Updated 

I think we move up. I love seeing this curve before going long because it tells me a solid base has been built and Smart Money been buying.

stockmarketsquirrel Updated 

I think price pulls back here to gain momentum to push through $50. I'll keep my eyes out for long plays on the larger time frame and quick scalps for smaller. A few more bad news events out of North Korea will push price above $50. If/when that happens I'd still rather be long for now.

stockmarketsquirrel

You can see that price is now outside balance area #13 and hit the low of #12 then rejected. The time spent in #13 was significant and i'll be watching to see where the new balance area/trend starts. It's also worth noting that we sit above the 100sma and 200sma

stockmarketsquirrel

I've singled out prior balance areas using Auction Market Theory, obviously they're not exact. I threw up a fib to give me an idea for a new balance area to develop. I'll wait until it's developed but i'll look for short positions as long as it's below #12 prior bal area low. If it hits invalidation area i'll wait until a more defined trend/area develops before...