Look at this chart of WBD on the Daily TF.
On the right side of the chart you will see a purple box which marks a pivot point.
Off of that pivot point, there is a Yellow resistance line, where price action was chopping along for some time.
The price action then started creating lower highs and lower lows creating a downward sloping megaphone pattern.
When you...
Take a look at this beautiful chart.
We are looking at the BABA chart on the Daily TF.
Let's start out at the bottom of this chart where you can see the first measured move (purple measurement), which moved 36.30 points.
Then, notice that the second measured move (blue measurement), if we extend it up to 36.30 points, it takes you up to the yellow line.
The...
What we are looking at here is TDOC on the Daily TF.
Draw your attention to down sloping trendline (Yellow). You will notice that the yellow trend line is acting as resistance and the price action has hit this line a couple of different times.
The price action from today (1/9/2023) helped solidify the downward sloping trendline and showed us that the resistance...
What we are looking at here is META on the Daily TF.
I want to draw your attention to the downward sloping line (yellow), where price action has been attacking since the beginning of April.
The yellow line was acting as resistance until the 5th hit of that line, when a break out occurred (purple box).
Now that we have seen a breakout above that resistance...
Here we are looking at SNOW on the Daily TF.
I would like to draw your attention to the up sloping Yellow trend line.
If the price action closes below this trend line we can expect further downside action.
The next target for SNOW is to the Green support line.
Once the price hits the Green support line, you can look for a couple day bounce possibly back up...
What we are looking at here is the CFD on Silver on the Daily TF.
We are looking at a downward slopping trend line (top yellow line) that is acting as resistance.
Towards the end of the downward slopping trendline you will see a purple box which incases a potential topping tail. If this is a true topping tail (we will know at the close), combined with the...
What we are looking at here is a beautiful NVDA chart on the Daily TF.
We are going to start at the middle of this chart where you will see the parallel channel that is being marked with the blue rectangle.
The price moves through the channel and touches both the top and the bottom of the channel several times.
Ultimately the price action moves to the top range...
Okay guys look at this beautiful chat.
Here you are looking at MSTR on the Daily TF and you have a lot of stuff going on.
Notice the wedge pattern that is forming from the down slopping (yellow) line and the parallel (green) support line. That is forcing action to the corner of the wedge.
You will also notice that before the continued downward movement in the...
Are we seeing a possible head and shoulders forming here on the 4-hour chart for Bitcoin? This would coincide with the $9500 target and possibly a slightly lower price into the $8900 level for Bitcoin. This price action would actually bring us into this Gareth Soloway yellow trendline.
