As everyone expected the climax selling is on the way to test 3195. So for SPX is corrected in a expanding triangle(limited in 3 waves within trendlines). Now this leg (E) is final and the trendline is far below(3177). 61.8% support falls @3195 for overall bullishness
Price action and chart pattern trading setup > A possible uptrend 4 wave with expanding triangle pattern ABCDE > Target take profit zone at 4.4-wave @ 0.382 - 0.5 retracement zone of previous wave 4.2-wave > The final downtrend 5 wave zone could be projected at 0.5 - 0.618 retracement zone between the recent lowest zone and original major 2-wave - dump & pump...
The EURJPY price is in Bullish Expanding Triangle Pattern🧐 the Resistance Line is broken ✔ so, i predict a bullish move 📈 TARGET: 141.310 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Expanding triangle (wedge) has been forming ... this structure could be lasting several years MAJOR dips and runs on the way - ATH and big BEAR recession magically - Santa coming every Christmas and y/y returns are mostly pretty positive - most of years +10% deepest levels expecting in the mid of 2024 for a major V-recovery run to finish Biden's...
The CADCHF price is in Daily Support Level and Bullish Expanding Triangle Pattern🧐 the Resistance Line is broken ✔ so, i predict a bullish move 📉 TARGET: 0.75400 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
ULTA has been dodging fate for too long, anytime its indicated shorting opp. in 2022 it somehow finds new legs and treads higher. In my charts I use colors in accordance with their interpretation, so I didn't mean to paint this red it just only warranted red drawings, glamour stain tears goes with the pearls.. anyway: - Nasty expanding triangle with Distribution,...
AUD/USD is in a bullish trend . The price action is forming an Expanding Triangle , currently testing the Rising Support and Horizontal Support Zone with a Triple Bottom and a Bullish Candle Pattern nearby. Expecting bulls to push prices higher.
I've been long TSLA with initial target of 730. We got close to that yesterday and I think it will hit around 740 today... after that so the most likely paths get a little crazy and I'll be swinging puts then calls then puts then calls. Most of you will be very uncomfortable with this potential price action and by the time it establishes a bottom you might be...
This has been a grueling past 6 months trying to complete this corrective Wave IV before beginning the final motive Wave V of a 13 year bull market. Bulls and Bears playing mid-term options have been punished continuously for staying too long. I think it is important to keep the bigger picture in mind here - i.e. SPY will very likely make one last All Time High...
BITSTAMP:BTCUSD After a retest of the previous fractal support from September 21, we have the most recent support forged at 39558. Based on the recent price behavior and the Fibonacci ratios presented, I assume that a clear violation of the fractal support could trigger more downside momentum for bitcoin. Price action: A head and shoulders formation will...
I'm talking about near-term price action here, so if you're playing near-term options this is for you: It's about to get even more volatile as we establish a bottom here, expecting the following road map - black solid path: - Run to 383 today or tomorrow (6/22-6/23) - then drop to 372 1 day after it hits 383 (6/23-6/24) - then run to 390 1-2 days after it hits...
Just in case, a rare pattern, but… nevertheless. May be an expanding triangle, missing the final leg. Whats going on with the yen)) Historic times Trade safe
See Chart and Previous Idea. Can refine to more precise expectations from here, still just approximates. Near-term downside risk still to 362, but probability favors technical bounce from here which could trigger a squeeze... and if SPY wants to bounce exactly at the bottom of the expanding triangle I drew in, chances are it will continue to respect it 4 legs...
This is a supplement/update to my bigger picture SPY idea, linked. Ignore the title lol, its not obvious nor typical to form an expanding triangle d within a larger expanding triangle (d)... is it? Regardless, it is indeed a bounce setup to get to larger (e) in the 4200s (420s SPY). I have a lot of trendlines but those are actually important to demonstrate the...
Are they really going to hit us with an expanding triangle to finish this corrective wave off? Guess don't get too comfortable for too long either side. Scratch that last idea, my bad had an amateur moment. This could be off too, but its most probable that I can see at least from here. Oops.
LRCX very bullish yet very volatile setup. I posted recently but have recognized my initial count was not correct. The correct count is the following: - LRCX is completing the final leg of an Expanding Triangle as the 5th wave of a larger Expanded Flat, which is the wave 4 of a larger motive sequence that started a decade ago off the low around 31.17. - the B...
Here is the bigger picture for LRCX, as referenced in previous post on expanding triangle. We are currently at the transition from f of C of 4 and for the reasons outlined in last idea it is likely that wave 5 of the larger impulse is about to begin (or began May 20), to summarize: - wave 4 was an expanded flat with an ending expanding triangle as the 5th wave...
Expecting the price of bitcoin to go higher in order to complete the expanding triangle,then return to break support zone.