penny stock scam most overbot in 5 yearz with nasty accumulation divergence. this will end badly. we rolled in 360 PUTS mid december
Neutral until broken with a trend in that direction. All 3 triangles, ascending symmetrical or descending, can break up or down. Price is at the upper line today which is resistance. Support and resistance levels were made to be broken. No recommendation/possible W pattern.
The chart posted is that of the DIA this is my top wave count The short squeeze .I see this as wave A up within the bear we should now see a 3 way drop back to 50 to 618 5 of this rally if not a retest near .786 from this we should see wave C up once again just past today peak . Then THE BEAR PHASE should be seen . For my view to change The IWM and RSP ...
Red day(s) that triggered Red (outside) week that triggered Red month and red quarter..... AMEX:DIA 2 down on the quarter and not looking good Let's see if an 'end-of-day-rally' can bring some light to the darkness the last months of the year For now..... FTFC DOWN
Price has broken through two wedges to the downside and has also closed below the key 143 level. The momentum indicator is negative. Further downside likely.
We could the return of the DOW. Price is just landing on a strong support zone. Next week we could see a big, fat green candle (engulfing) and heading higher from there. I may buy a few calls on Friday, I want to see if the support holds. BTW I pulled up a 2 weeks chart for better visualization but it reads the same in a weekly chart.
The chart posted tonight is the DIA tracking share we have declined in a three wave decline and from the cycle peak due on july 26/27 into the panic cycle 55 to 62 days down from sept 23 to oct 4 focus on the 25 th of sept we should enjoy a major short squeeze event in the spy dia qqq and smh . I am working on the time spirals as well as the fib ...
The Dow Jones Industrial Average (DJIA) is currently positioned at a significant support line stemming from a bearish pattern known as a rising wedge. Yesterday, it rebounded from this support line, but it is crucial to observe a stronger upward movement to maintain its position above this level. If the DJIA breaks below this lower trend line, it will invalidate...
Were looking for DIA to continue it's outperformance over IWM here. Fed signifying tighter policy for longer is likely to keep bearish pressure on the growth stocks that represent the IWM index. Good luck traders
Price has broken the support line. Neutral pattern until broken. Has broken to the downside. Tight triangle and price action fills the structure. Fib levels applied to calculate targets. The white line represents a 100% fall but can fall to a lesser or greater fib level. I use .382, .618, .786, 1, 1.272 and 1.618, but some may use another method of...
The DIA is not the same wave structure formed as compared to spy or qqq . it was a very clear 5 wave up and we now have a clear 3 wave decline we should now see a nice 5 wave rally to 355 and this would be a ABC rally from that peak we will see a PANIC FORM ideal date to peak sept 12 now
observation 08/25/23: price action has fallen below the 5 (green) ema and broke through the 13 ema (yellow) and since recoverd and currently between 5 (green) and 13 ema (yellow) current price action: 342.31 this is telling me that bears are now in control of price and are making moves to head lower. this is supported by the 30 ema moving average (purple) being...
... Covered Zebra. Comments: A variation on one of the bearish assumption setups I described over the weekend. (See Post Below). Here, the September 15th 351/2 x 359 is the Zebra aspect, which functions as synthetic short stock. This is, in turn, "covered" by an additional short put so the entire setup has the delta metrics of a covered put (short stock,...
🔹Achieved target at 351 after breaking Rectangle formation. 🔹Supports 342 in NEGATIVE reaction. 🔹RSI curve shows rising trend, supporting positive trend. 🔹Technically POSITIVE for medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head &...
Due to the completion of wave 3 of the main 5 We expect wave 3 to be corrected by wave 4 Then wave 5 of 5 will start Good luck
Dow Jones Etf broke the neckline of Ih&s after a small retest of the multi-month trend line/support all set to go final resistance which is the last all-time high and also measures the move of inverse head and shoulders take profit
Looking at a reverse Head and Shoulders pattern on DIA. If it breaks out, a measured 100% move takes it right to the all time highs from 2021! This in my mind is likely and is where we may finally go down again. Thoughts appreciated!
Rising Wedge noted. The wedge is also noted on the hourly timeframe. Both trendlines (orange) slope up and narrow at the apex. This pattern is not valid until the bottom line is broken and is considered a bearish signal. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex. The...