daOldWolf

daOldWolf

Why I think a bullish reversal is coming: 1. Doji in a downtrend 2. Stoch <20 : extreme oversold 3. At major demand zone Risk reward is 1:6 Stop is below doji candle low

daOldWolf

XLU high probability Short from here. 100% extension (AB = CD). Historically pullback whenever RSI is over 75.

daOldWolf Updated 

UNH is meeting downtrend line resistant and 200MA here. I would short it here with.a clear stop above the downtrend line or 200MA break.

daOldWolf Updated 

BITU - channel resistant , short to target 28 where 4h demand exists. Not look for staying short too long on this one. It will eventually break the channel to the upside. Will update chart when long signal happens.

daOldWolf

ULTA - coming down to weekly demand zone and up trend line confluent. Additional it's extremely oversold. Play for a bounce to 420 here.

daOldWolf

consolidation, looks ripe for flying. Relative strength is strong comparing to last month market correction.

daOldWolf

IBM came down to demand zone and 200MA confluence. Target 180