Get started

Chart Patterns

Psychedelic bulls offer sector some hopeYesterday I walked through the chart of each sector peer showing the shifting momentum and indicating what clues we would look for to say that deeper weekly consolidation is underway, or that consolidation is remaining healthy and perhaps finishing. ATAI started the day by confirming a daily downtrend, but CMPS comment at their investors conference that "We've spoken to the FDA" inspired the bulls to start buying and really saved the sector from some deeper weekly consolidation, at least for the time being. In this video I walk through the levels I'm watching to determine if this is merely a one-day pop before the sector resumes it's consolidation, or if we can anticipate consolidation to be finished and start looking forward to higher prices again in the near term future.
NASDAQ:CMPSLong
by McGuireTO
Day 23 — Trading Only S&P Futures | +$200 & New Daily RuleWelcome to Day 23 of Trading Only S&P Futures! I locked in +200.45 on my competition account by shorting the MOB overnight and walking away once my target was hit. Later in the day, I came back to watch and ended up losing on other accounts — which sparked an important realization. From now on, I’m considering a rule: cap daily gains at 10% of account balance. For example, with a $2,000 account, my daily target should be $200 max. Anything more means overtrading, staying in the market too long, and risking unnecessary drawdowns. This might be the structure I need to keep consistent results. 📰 News Highlights U.S. JOB CUTS TOTAL 85,979 IN AUGUST, HIGHEST FOR THAT MONTH SINCE 2020 — CHALLENGER 🔑 Key Levels for Tomorrow Above 6470 = Remain Bullish Below 6450 = Flip Bearish
CME_MINI:ES1!
by DiYWALLST
STORMY SPX500, NAS100 & GOLD BREAKOUT In this weekend's analysis, SPXX500 and NAS100 is forming a BEARISH CONSOLIDATION. The 4 hours chart shows some form of head and shoulders pattern on the NAS100 and expecting some consolidation between the 50 EMA and the 200 EMA on the 4H timeframe before a breakdown to the price target zone of 22,200. SPX500 also forming a flatten tops with RSI divergence, while momentum and Stochastics cycle turned down suggesting a stormy sell off is brewing. Gold on the other hand is set to have an explosive breakout into an all time high after a little consolidation around the resistance zone. Thanks for support and have a great trading week.
OANDA:XAUUSDShort
by RICHINVESTOR
Microstrategy: Further DeclineAfter a brief consolidation, MSTR continued its decline since our last update, further developing turquoise wave 2, where we still see price positioned. We continue to anticipate the low of this wave above the support at $153.49. In the meantime, we have revised the magenta substructure of wave 2 to a - - formation, with the final (wave- ) leg currently unfolding. Once turquoise wave 2 completes, we expect a strong rally above resistance at $674.18, which should significantly advance the broader upward impulse. However, under our new alternative scenario, a different wave count could prevail: price may currently be forming magenta wave alt. to the upside, developing a blue three-part substructure in the process. In this 25% likely scenario, the next move would be for blue wave alt. (b) to finish within the nearby blue alternative Target Zone between $306.60 and $252.67, before wave alt. (c) pushes up toward the top of magenta wave alt. near $674.18. Within this alternative, the blue zone could offer long entry opportunities, though heightened caution is warranted: since this remains only an alternative scenario, risk is elevated, and we consider strict risk management—such as setting a stop 1% below the lower edge of the zone—absolutely essential.
NASDAQ:MSTRShort
by MarketIntel
Nasdaq - Preparing for another correction!🚔Nasdaq ( TVC:NDQ ) is starting to look weak: 🔎Analysis summary: Over the course of the past couple of months, we witnessed an incredible rally on the Nasdaq. Following this previous price action, it is quite likely that we will soon see another correction. This could start with the current retest of the channel resistance trendline. 📝Levels to watch: $23.000 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
TVC:NDQShort
by SwingTraderPhilTV
19
Stock Opportunity: LULULEMON & AVGO EARNINGSNASDAQ:LULU just reported earnings of $2.53B vs $2.54B est They did beat on the EPS side $3.10 vs $2.85 Lululemon is now the second cheapest its ever been in its history on a PE basis. Behind the GFC crisis in 2008. They have slashed their guidance and profit forecasts...which seem to be the final shakeout. Lulu filled a massive weekly technical gap going back to Covid. NASDAQ:AVGO reported earnings: Rev $15.95B vs $15.83B EPS $1.69 vs $1.54 This institutional semiconductor stock is crushing Vol and staying flat-ish in afterhours. We took a position in Lulu.
NASDAQ:AVGOLong
by Trading-Capital
Is the psychedelic sector losing steam?Watching the charts daily for the last few months and I'm starting to see sign of bulls getting tired, little signs that tell me "ok this is different" than it has been over the last few months. I would not be surprised to see some deeper consolidations of 30% or more, but I also would not be surprised to see continuation higher from here either. Here's what I'm watching in the short term in order to gauge which is the most likely scenario.
AMEX:CYBN
by McGuireTO
ORB = Opening Range BreakoutThe Opening Range = the price high and low set during a fixed starting window of a trading session (for example, the first 15 or 30 minutes after market open). ORB High = the highest price reached in that window. ORB Low = the lowest price reached in that window. These two levels create the ORB box. 🔹 How It Works Draw the Box Mark the high and low of your chosen opening range (e.g., 9:30–10:00 AM NY time). Wait for Breakout If price breaks above the ORB high, you look for a long entry. If price breaks below the ORB low, you look for a short entry. Confirm with Trend Always check the higher timeframe bias (Buyers 🟢 / Sellers 🔴 / Neutral ⚪). Only take the breakout in the direction of the market bias for higher probability. 🔹 Trade Management Entry: On candle close outside the ORB box (not just a wick). Stop Loss: Inside the box, typically just beyond the opposite side. Take Profit: 1:1, 2:1 R:R, or next support/resistance level. No Trade: If price chops around inside the box without clear breakout. 🔹 Why Traders Use ORB It captures early session volatility. Gives defined risk with the box. Works across assets (XAU/USD, FX pairs, indices, even stocks). 👉 In short: Box = Balance. Break = Imbalance. Trade the break with the trend, not against it.
OANDA:XAUUSD
by ChartGeq
Gold Futures – Momentum Strong but Eyes on Jobs DataPrice pushed extremely bullish yesterday, with little chance for pullbacks. I admittedly got stopped out a few times from reacting too quickly to impulses, so today I’m focused on patience and waiting for confirmation. Currently, Gold is holding above recent levels after breaking higher. There’s still a clean 4H/8H FVG below that price could revisit, but as long as momentum stays intact, buyers remain in control. ⚠️ Important: Tomorrow brings ADP Non-Farm Employment, Jobless Claims, and ISM Services PMI — all of which could drive volatility. Friday is the heavyweight NFP release. Until then, we may see liquidity hunts or choppy price action. Scenarios I’m watching: ✅ Bullish continuation toward new highs if support holds. 🔄 Deeper pullback into the FVG if momentum stalls. Staying patient, letting the market show its hand, and keeping risk tight ahead of news.
COMEX_MINI:MGC1!Long
by DWoodz
Day 22 — Trading Only S&P Futures & Market analysisWelcome to Day 22 of Trading Only S&P Futures! Today I kept things simple — waited for the 10am JOLTS report to set direction and only got long after we held the 1-min MOB. Even then, I stayed cautious since price was still under 6465 resistance. I focused on gamma levels, which played out clean on both the buy and sell side. The only real slip-up was a FOMO long, and that reminded me of an important rule: I should only size up when I’ve got 2+ confirmations. If I take a trade with less, it needs to be 1 contract only — risk management first. Closed the session with +256.25, ending the day disciplined and green. 📰 News Highlights U.S. JULY JOLTS JOB OPENINGS FALL TO 7.181M (EST. 7.380M, PREV. 7.357M) — LOWEST SINCE MARCH 2021 🔑 Key Levels for Tomorrow Above 6470 = Flip Bullish Below 6450 = Remain Bearish
CME_MINI:ES1!
by DiYWALLST