$AM Setup with Weekly and Daily PatternsAntero Midstream shows a weekly 13 months head and shoulders bottom pattern and a daily continuation head and shoulders pattern. The weekly chart is on the left of my post and the daily on the right.
The stock broke out of the multi month weekly head and shoulders on December closing above pattern neckline (blue line). The stock since then has formed a continuation head and shoulders pattern with the head testing the weekly neckline support. It is an interesting chart setup and one that I will be watching closely. A break over the daily neckline (green line) could send the stock into a strong 2021 uptrend.
Antero Midstream Corp (AM)- HOLDING CO PROVIDES NATURAL GAS GATHERING, COMPRESSION, PROCESSING, FRACTIONATION/INTEGRATED WATER SERVICES.
Classicalcharting
$HI #Breakout SetupIn November of this the stock broke out of a massive 1+year head on shoulder pattern (on the weekly time frame). The stock has been digesting that rally for a month moving sideways right below the $40 level. The head and shoulders bottom chart pattern price target is up around $53. The current sideway breakout setup could be the launching pad to that level.
NOIA/USDT - Inverse Head and ShouldersTextbook Inverse head and shoulders pattern. Headed to new highs.
GNUS - Inverse H&SPretty straight forward set up. Inverse Head and Shoulders. I think it goes above 2 bucks.
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SOLO - Inverse Cup and HandleLooks like an Inverse Cup and Handle. I don't have a position yet but this might be a good opportunity to short.
Bitcoin - Sideways Movement + Altcoin rallyIt looks like Bitcoin has strong support at 17,100. I expect this to hold but I think the price is going to move sideways for a little while (Similar to the price action from May - July) . We might see a Cup and Handle breakout on the longer term chart.
Now might be a good time to start loading up on altcoins.
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$GRVY breakout setup with conflicting signalsAnnotated on the chart. Was it not for the heavy volume selling few days back, this would be a chart I would have a great interest in. When the pattern is giving mixed signals, i normally pass on the trade. I currently have 11 long positions on with all well in the green except 1. As such, I'll be passing on this setup but will keep it on my watch list to see how it plays out. I think a few more small body candles right below pattern resistance before the breakout takes place could give the setup higher probability of success.






















