williarm55

williarm55

Hi all, posting an idea that I like and have a position in for this coming week. NYSE:SNAP is showing some signs of a reversal to the upside after several months of downside/sideways trading due to it breaking the horizontal flag the downside with a gap down after it's last earnings report. This time around it is showing signs of a reversal to the upside at the...

williarm55 Updated 

Just some thoughts on NASDAQ:QQQ moving into the second half of the year. As you can see on the posted chart: -Gap in the daily chart around 360-361. -Approaching 0.786 retrace from March 2020 low. -Approaching underbelly of trendline from Feb 2020 high through multiple touch points. -RSI entering overbought territory on the weekly timeframe. Currently...

williarm55 Updated 

KUCOIN:FTMUSDT Hi all, it appears there may be an inverse head and shoulders pattern forming on the 1hr through the 4hr chart for FTM/USDT. The head was ultimately caught by the 50 day MA as seen in the picture (thick orange line). Of course, this pattern is not valid until a break of the neckline happens around the 0.4650 area. Just something that I'm monitoring...