That EOD pump was unreal. Still, not buying it as it was on lots of words words words.. After hours showing a bounce off the highs which just so happen to be at a fib level. Stay steady bears. '08/'09 crash had a similar pause at these levels. Then finally settled one level down.
Approaching a powerful support level. I don't expect us to breach 2900. Heck of a week.. Crazy how this down move has stayed right in the lower channel.
This will be interesting, watch for the range to tighten. Expecting a tight band from 60 to 58 ish as accumulation picks up. Coming up to a Bull Flag with top at a Fib level and the bottom at a Gann Channel. WAIT... - Then long from 60 -> high 60's.
Double Gann Fans | (Zoom out for full picture) The long term channel is STRONG and was the force behind the recent bull move I suspect we will remain within the long term grey fan channel Slowly moving up to 160 Target *No position*
Pretty new using the these harmonics but this looks like it hits all the measurements of a BULLISH Gartley Days to Cover are at 1.9 with just over 2 million shares short. So, if we get a move down towards (D) I wouldn't expect it to stay their for long. After completing this pattern (fingers crossed) I suspect: LONG
Based on fib levels as well as several small and large 5 wave patterns .. To come... a strong push the next level. Then, watch for either (A) a violent rejection of that level or (B) a breach that is followed by heavy volume and CMG headed deep into the 9's. *No position, atm*
Tight Bear channel. Fibs for supports. DIS news @ earnings was the knife in the heart for sweet ole nflx. Wave (6) and (7) are based on the previous pattern. Wave (8) is conjecture.
FISV has a Short Interest Ratio of 15 | Additionally, this Bullish Butterfly pattern suggests another dip below 100/98 before headed up from here.
Bearish Gartley inside a Bullish Gartley. *Made with bias & an existing position* (175 C AUG 16 )