Seeing the bearish case suggested in previous posts getting stronger. Let's see if it re-tests that neckline from here.
Not easy to predict a top/bottom but we do it anyway :) I see a confluence of resistances at current level so context seems good/valid for a top here and we could project a measured move down to the 56% area. Still waiting for a nice topping pattern at the LTFs so this is by no means confirmed yet (obviously). Bottom line, I think we're near or at a top so...
DAILY (Pre-conditions): ✅ Divergence at Supply level (93-93.5) ✅ Confirmed swing low ✅ Double bottom 🟠 Trend : Down 4HR: 💡4HR TRADE IDEA 💡 ✅ "W" Pattern formed on 4HR 🤚🏻Wait for break of neckline and enter on re-test of the "nose" 1HR: 💡1HR TRADE IDEA 💡 ✅ Upside impulse move 🤚🏻 Wait for flag, pennant pullback and enter on next impulse
The weekly chart shows sup/res levels used to take profit levels. The 4h chart shows entry points. Bearish trades. 1st sell trade at breakout of triangle bottom @ 1.0663. 1st sell take profit at 1.0560. 2nd sell continuation trade breakout at sup level of 1.0560. 2nd sell take profit at 1.0450. Bullish trades. 1st buy breakout of top of the triangle. You...
NFLX Not only broke out of the downward channel it had been riding, but on the weekly has printed what is known as a Bullish Tri Star Doji , which is a reversal pattern. See link for image. slideplayer.com As with any candlestick pattern it is not enough to simply print it, that is absolutely no guarantee that price action will follow suit. However, they are...
Basically a Ferrari Horse.. We have seen many Mirrored in Time Ferrari Horse Logos, but this is a classic.. Tech name: Descending Heartbeat Lightning Bolt Left Hand Axis Cross with U shaped Volume between peaks, Peak Buy Volume = Peak Sell Volume between max and min of wavelength... 0.236 fib is touched after the axis is met and next candle is "Deal Closer" (on...