Back in December 2021, ADBE gave us a Bearish ABCD entry that led us into a Shark BAMM Pattern. Once it made it to the BAMM target, it bounced back up to where it is now. The interesting thing is that the PPO is looking like it's ready to roll over, and it happens to be at what would be a Potential Bearish 5-0 entry. If the PPO crosses below the upper extremes, we...
I see a Bearish Shark at the HOP level on the SPY with PPO Confirmation; if the SPY can get back below the $450 strike before today's close, I think it will undo most of today's upward price action.
The Dow Jones Industrial Average is forming a Potential Right Shoulder within an Ascending Broadening Wedge pattern and in this Right Shoulder, we can see a Potential Bearish Gartley at the HOP level with PPO confirmation. If it plays out, we will confirm a Partial Rise and increase the chances of a full on breakdown below this wedge pattern which at the very...
The DXY has given us PPO Confirmation after an assumed Type 2 return and now I will be looking for the DXY to start performing very bullishly throughout the week perhaps atleast up to around $105-$110 for now.
The GameStop Trade is not over yet, as the Falling Wedge is still in play, the price is still above the PCZ, and it is still trading above the Log scale All Time 38.2% retrace. If we hold here, we can eventually get a rally up to $156.72, and if it wants to go for a symmetrical move, it would go for the full 1.618 Fibonacci extension all the way up to $417.05. We...
The 3x Inverse ETF of the Dow Jones Industrial Average has formed a Bullish Dragon and has broken free from it at the PCZ of a Bullish Deep Cypher with a Bullish PPO Confirmation Circle. If things go as one would expect, then we will see this ETF pump up to at least the 61.8% Retrace, but given how Bearish so many of the Heaviest Weighted Holdings in the Dow look...
This is a followup to the previous Bearish ABCD trade; BTC has officially with PPO Confirmation, has reversed from the PCZ of the Bearish ABCD to which I later realized the ABCD was part of a much greater Bearish Deep Gartley, and now we are below the 200-Day and 200-Week SMAs along with that we have broken below the demand line of an apparent Rising Wedge Pattern...
The PPO is on a path to giving us a Bearish Confirmation just below the HOP level of this Bearish Bat. If the Trend Line breaks on the PPO, we will likely see the WTI come crashing down to at least $75 but at most $65
We have a Bearish Deep Crab with a PPO Confirmation Arrow and a Circle with MACD Bearish Divergence and have broken below the faster moving EMAs. I would next expect this to make at least a 61.8% Retrace, which would take it back to about $185. This makes the third major Dow 30 Stock that has signalled something ultra bearish like this; the other two being UNH...
If we close the day as we are now, we will have confirmed a 3 Line Strike, a Bearish PPO Arrow, and a break below the 5 EMA on the Daily Timeframe just above the 3.618 Fibonacci Extension. From there I would expect LLY to first Fill the gap at $451.50 and beyond that I think it will revisit the 200-day SMA around $350 and maybe even the 800-day EMA at around $285.
So you have this Local Double Harmonic setup with PPO Confirmation on the QQQ that is aiming for a 20-40% pull back which can be seen here: In addition to the setup above, you also have this longer term Ascending Broadening Wedge Pattern that goes all the way back to the beginning of 2016 and If the local Harmonic Plays out, we will likely hit the bottom Demand...
When comparing the price action between BAC and PACW, it can be seen that both stocks exhibit the same price action, which is a Rising and Broadening Structure leading into the PCZ of a Bearish Alt-Bat, which all eventually came to a halt upon getting Bearish PPO Confirmation. This led to a breaking of the 21-Month SMA before ultimately flushing down to all-time...
Last month I posted a setup that made the argument that NVDA was trading within the Pattern Completion Zone of a Bearish ABCD visible on the Monthly Timeframe and that all I was looking for was a Monthly PPO Confirmation Signal which would likely be triggered by a Bearish Negative Monthly Candle within the Zone; this situation remains the same we are still trading...
Cardinal Health has traded up to a Macro Supply Line which happened to align with the BAMM Target of a Bearish Crab and from there we formed MACD Bearish Divergence and got the strongest form of PPO Confirmation, as a result I now expect that we will begin a very deep retracement back down similarly to how Strongly CVS has responded to its own topping pattern...
We are about to be getting a 15 Minute PPO confirmation at the HOP Level of this Bullish Deep Gartley as of the time of me writing this and I have added to my Bearish BTC Position.
We have 4HR PPO confirmation at a Previous Support Level that aligns with the HOP levels of a Bullish Gartley and Bullish Crab pattern. If we get the expected performance, the NZD will hit 0.85 CAD, but could go as high as 0.89 CAD which would be the 1.618 Extension.
We have the strongest form of Double PPO Confirmation on the Daily and a weaker form on the Weekly, all at the PCZ of a Bearish Bat; if it performs it will very likely begin a severe decline of up to 62%+ especially due to how much exposure it has to chinese Real Estate.
We have Double Confirmation on the PPO that this Bearish Shark Harmonic is active and along with that we have some Bearish Divergence on the MACD and PPO as the RSI Moves down below the 50 Line in an impulsive manner. This could lead to BONE going down 50-90% especially as Shibarium Disappoints.