QuantitativeExhaustion
Short

Bet the Farmville and short Zynga

NASDAQ:ZNGA   ZYNGA INC
1686 24 24
Looking to enter in a Long Put option trade tomorrow with Zynga             , ZNGA             . Looking at the chart we see CCI (50) divergence that's been trending for several weeks. @nmike also pointed out the obvious Fisher Spike after we saw double divergence with Fisher and CCI divergence. This is a great combination of indications to suggest a bearish move is in the works. On the 5 min chart, I saw an indiation that we could bounce in the short term. I will be looking to fill my put orders if we do see a positive move to the .382 fibonacci level within the recent low-high, $3.77. The Gann Box was used to illustrate a clone with the recent low-high. A cloned Gann Box beneath the previous low-high, takes us to the 3.00 level for a final target. However, I will be watching the previous low and the .50 level on the lower cloned box for a possible bounce. I wanted to try the Fibonacci timing tool. For this to work, as Fibqueen uses it, you need to find symmetrical moves and apply the fibonacci timing tool for each high-high, low-low, low-high, high-low, in oder to find clusters/confluence areas of fibonacci extensions.

Remember anything is possible, so if we see a higher high ~$3.90, all bets are off and this trade is nullified.
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It's a stretch given that this Cup and Handle pattern has been developement over 18 months. If nothing else we find some interesting trend lines within this daily chart. Also shows us a Diverging Cat on Fisher with CCI divergence.
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5 min chart CCI divergence, could aid ZNGA tomorrow
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
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Tight Diamond Pattern

Diamond tops with upward breakouts in a bull market rank near the bottom for performance. Like diamonds bottoms, the top variety (with downward breakouts) show a fast decline post breakout if a quick rise lead to the diamond reversal. The crash site (downtrend end) is often near the price level of the launch site (uptrend start).
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sublimares2
3 years ago
Take a look at this possibility: Bat pattern and target runs up- filling the gap. Also notice the MA50 crosses MA200.
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QuantitativeExhaustion PRO sublimares2
3 years ago
yep if we clear and close above 3.84 level, this trade is in jeopardy.
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Here is an in-depth look at divergence using RSI (34) on 1H chart. Dotted line marks hidden divergence. Bold dashes mark diverging tops.
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sublimares2 sublimares2
3 years ago
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QuantitativeExhaustion PRO sublimares2
3 years ago
Looks like a simple channel, maybe three driver pattern.
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QuantitativeExhaustion PRO sublimares2
3 years ago
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3 Driver Failure?
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sublimares2 QuantitativeExhaustion
3 years ago
Not sure about the 3D failure but I am sure there is a bullish harmonic wave with leg C forming over the next days
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QuantitativeExhaustion PRO sublimares2
3 years ago
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Yeah I see it
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sublimares2 QuantitativeExhaustion
3 years ago
ZNGA has a bullish pattern 5-0 formation. It is forming the leg D at 50% retracement of BC (in this way the price is also in equillibrium, according to Ichimoku:) ,adding just one reason more for the retracement.
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QuantitativeExhaustion PRO sublimares2
3 years ago
Does the 5.0 work if we break below 3.36?
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sublimares2 QuantitativeExhaustion
3 years ago
This pattern must have a 50% retracement BC and AB=CD. This two levels are not always the same and this is the spot (PRZ) where a failure can happen. In this case, the fibo 50%BC is @3.34. The price label is not exactly when attached to the line (if you see the label on the above chart). However, there are few resistance (daily chart) and the pivot 3.64 must be cleared. One, two trading days can make a difference in chart:)
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sublimares2 sublimares2
3 years ago
.
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QuantitativeExhaustion PRO sublimares2
3 years ago
I saw that when I was researching the 5-0 pattern. I asked Admin to add a 6 point harmonic pattern in the suggestion box. Need to see the 50 B-C retracement. 5-0 not as reliable as AB-CD or Gartley, but would be great addition to TradingView.
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StealthTrader
3 years ago
Great commentary always fun to view how other traders see the market.
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admin PRO
3 years ago
Nice Trade!
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Thanks! Diamond Pattern
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nmike MOD
3 years ago
Nicely done .......Fisher 34 & CCI 50, powerful dual :[)
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Yep! Works well. High % follow through with pattern/fibonacci, CCI divergence + Fisher exhaustion
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VolHunter
2 years ago
Nice Call!
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