Sellers are in control on the daily timeframe. Buyers are taking some control on intraday - which is a good thing because SPY is overextended to the short side at the moment. Possible short entry presented. Very risky, I'm sitting this one out.
TWTR nearly approached oversold territory. After the news of Elon Musk considering purchasing more shares of the company following such negative news of a potential hostile take over by his most recent offer. This all caused the company to implement a "poison pill" to prevent a hostile takeover. Which is brilliant. This however will not be enough to keep the...
I've been in this since early Feb and its been a wild ride my first meme play I threw a decent bag at. Haven't started scaling out at all yet and will look to start doing so on the next leg up. Looks like a potential bottom might be in but its hard to tell and really depends on what kind of traction and hype this gets in the coming weeks. Definitely not something...
For crypto pump signals traders this is for you, MTA-USDT is a favorite coin to pump by the small liquidity whales,
Based on the volume profile the coin has reached a demand area based on the number of buy orders, This coin is new to the crypto market but still has a chance of pumping.
As you can see on the chart a three fixed range volume profile to see how the...
NB This is an HOURLY IDEA!
So Wednesday can be a tricky day!
We have a bunch of FOMC stuff going on today. This means that the chart can get disrespected in many ways before one's desired move happens.
For this reason we are scalping again.
Which ever way they want to manipulate price before the real move for today and perhaps the rest of the week, will...
Today saw MRNA performing a high-volume bounce from the 224 support line which initiated the start of what appears to be a rough Descending Triangle.
I am bearish on MRNA for the longer term, but expect this upward move to continue throughout the week, along with the rest of the indexes that have seen a strong bounce today.
At the least, I am...
AAPL has broken out of an Ascending Wedge to the downside following an ATH just over 182.
Ascending Wedges are at most intermediate in their trend implication and represent a general petering out of investment interest as the formation progresses and the stock becomes more expensive. Wedges typically take at least 3 weeks to form, otherwise they...
TWTR has broken out of a Symmetrical Triangle consolidation pattern following the previous breakout of the large broadening pattern circled in yellow and breaking down its major trendline (3pt up-slanting blue line).
Symmetrical Triangles are a congestion pattern representing indecision and typically forming in an already established trend before a...
This idea originates from a different idea in which I interpreted the chart as a Symmetrical Triangle.
I believe this interpretation was incorrect due to the consideration I put on the beginning of the gap up into the pattern. The opening price of the first candle following the gap is a technically irrelevant fact, unlike the support found after TSLA...
F has chopped around in this congestion pattern, a Rectangle, for 31 days following it's ATH run-up after the break on 28OCT.
The Rectangle carries the same price implications as the Symmetrical Triangle, representing an equal balance between buyers and sellers, until one side eventually wins out and pushes the price beyond the upper or lower...
Been tracking the descending triangle that DIS was working since early MAR, with a short alert set and triggered on the lower boundary. It was a massive gap though (an indication of a strong break-out), so I have been waiting on a retracement before entry.
Today marks a solid rejection of the resistance set in NOV19 and retested before the gap into...
NKE has now rejected the 175 level for the third time, now I am tracking this Descending Triangle consolidation pattern.
This could be a Double-Top pattern in the making, although the Double-Top is notoriously difficult to track, and nearly never confirmed until long after is has finished it's formation.
Evidence indicative of the usual Double Top:
DHI's primary bull trend remains well-intact and has raced up after entering it's corrective intermediate down-trend beginning with setting its previous ATH in May.
This is essentially a continuation play from the linked idea, when we played the break in the Descending Trend Channel, and gave the criteria for a new entry when the target was...
TSLA Began the formation of this Symmetrical Triangle after achieving an ATH @ 1243.49.
The Symmetrical Triangle is a common congestion pattern, typically indicative of continuations, accompanied by descending volume (on chart) and a heavy volume on the breakout.
My point of contention with this pattern is okay volume on the breakout. It is only...
This is essentially a "buy the dip" index play intending to ride a retracement as GPN tags and bounces off of a major support level @ 119.
Sort-of Hedge for heavy short account.
Using a call debit spread to bring the price down and reduce risk.
Call Debit Spread
Levels on Chart
SL < 119
PT : 135
*Stops based off underlying stock price, not mark...