The daily support that I drew back on May 12th that started in January has broken. Failure to establish new highs in the $200 range indicate that profit taking, and a bearish reversal may be imminent.
As discussed in my previous posts on the 15-minute and 4-hour timeframes, we are looking for clear levels that will likely indicate a watershed moment for AAPL...
Now that the daily support trend line has broken for AAPL, the shorter-term time frames become increasingly important to watch for indicators of a bearish reversal on the horizon. If the 15-minute level support breaks, then continue to watch the wedge pattern forming on the 4-hour timeframe. If the 4-hour support breaks, then start to look for key short-term...
This is the first part of a series of posts on AAPL across multiple timeframes. The first levels to watch in the short term to determine if the bears continue into a reversal are watching for the 15-minute support level to break.
However, if the three 15-minute resistance levels break, we should continue to see bullish sentiment in the short term for AAPL.
This one is a bit messy with all the trendlines and auto fib retracement tool, so bear with me. NYSE:NUE still looks like it's in an overall decline. The three blue arcs appear to be a head and shoulders pattern. Meanwhile, in the short term there was a wedge pattern that developed in late April and instead of the daily support holding in broke on 4.25 and...
NYSE:STZ appears to be poised for a breakout above relative highs not seen since December of last year when it was in a short period of decline within a much larger period of consolidation. The daily and 4-hr timeframes show a consistent since mid-march. Additionally, a new short-term zone of support appears to have been established by the market in the low to...
Long term bear trend clearly still intact. Head and shoulders pattern from late '21 was the start of the current trend.
It seems likely that a new head and shoulders pattern has emerged, and all of this is mostly within a downward sloping channel. Please see the lines and circles on the far right of the chart with the arrow signs.
Today's bounce from a TA...
In this post I will lay out what I believe the bull and bear cases are for ROKU while showing a pattern I noticed this week on the 4-hour timeframe that is holding steady on the daily, weekly and monthly charts.
NASDAQ:ROKU Technical analysis
ROKU is in freefall territory with no clear bottom in sight. When I looked at the 4-hour timeframe at the end of the...
