This one is pretty simple to keep an eye out for - before going long we want to see confirmed tapering on the sell-side and see buyers then activate strong buying continuation as we've seen in prior breakouts. Happy Trading :)
We are selling in a controlled manner within our teal channel - we broke out this morning initially of that channel and are now looking for bulls to continue to build liquidity within this channel before a larger breakout. See you there! Happy Trading :)
Keep an eye out for a break of this magenta strong selling channel - this will be our initial indication of a retest of the top of teal tapered and that is where, if yellow and purple channels are holding price, we can see a large breakout. Until then, there is a massive short float on this stock so we'll likely need to wait for the teal and magenta wedge for...
We expected this move and were prepared for it! But this thing still has legs for further move up as we see from the past and proven by this week's strong movement! Happy Trading :)
Target has the potential for a breakout back into the 150's however we are seeing tapered buying coming in the way which in the past has caused us major downfalls. Let's see where price takes us and I will of course keep you posted as we move forward Happy Trading :)
Thank you as always for watching my video! Please feel free to like, share, and comment on this video. And God bless you!
Thank you as always for watching my videos! May God bless you.
Thank you as always for watching my analysis on AAPL! Please feel free to like, share, and comment on this post!
Small Caps strong on weak dollar and yields. QQQ & XLK lagging on Microsoft weakness Semiconductor & Cloud stocks showing weakness. Oil strong + Nat Gas weak
Looking DELIGHTFUL We've got a ways to go, before we clear all of the resistance in the way on TSLA. BUT, this is a buy low, sell high signal AND I am in my shares of TSLA! :-)
I like what i'm seeing on the charts here. I will keep you all posted with further analysis as we see more movement here but at the bottom of this controlled selling channel I see good value for a potential quick move to $50.
Markets move in contraction/expansion. Small swings can be thought of as a form of contraction and the bigger swing is a form of expansion. An Expanded Swing is simply a reaction leg that is bigger than the previous reaction leg or legs. Its minor swings growing up to be major swings. This represents a change in behavior that often causes confusion among the...
This is a smaller time frame view also up to the 1hr which takes us out 24hrs with our target. it is the formation of an m pattern. This can result in larger downside
See why I am preparing to short this stock, even after dropping over 50% of its value this past year.
My analysis on PDD Holdings and what I am seeing in the charts. Huge potential for a large gap up and breakout. Stay tuned as I'll continue to cover this as price develops. Happy Trading!
Thank you as always for watching my analysis. Please feel free to like, share or comment on this post. May God bless you and your family this February!
Heres a hindsight view of the ALKS breakout this morning which was in correlation with it announcing earnings. But putting aside the fundamentals of the company, here we focus on technical analysis and how we were prepared for this breakout. Happy Trading!
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