ArturoL

ArturoL Updated 

Oil is finishing up a HS, after a big push to the upside now if time for correction.

ArturoL

GBP/AUD just landed over a mayor and old resistance level in the weekly and daily timeframes. RSI shows oversold on both timeframes. I'm not opening any positions yet, I want to see a nice bounce off with big volume before it, or a bullish daily pattern like a double bottom. Keep it on your watchlist. GBP/NZD is doing the same.

ArturoL Updated 

CROX, the ticket symbol for Crocs footwear company is forming a HS in the weekly. The pattern is not completed yet but I'm not waiting. I just opened a short position at current price and expect it to finish out the pattern in the upcoming weeks. A more conservative approach would be to wait until the pattern is completed an open a short position at $104 level...

ArturoL Updated 

Top chart shows heavy bearish pressure in the weekly timeframe and the trice broke an important support now resistance and is testing it . In the daily we can see a bearish flag forming, I don't think is going to break through the resistance levels son I opened a small position, if I see price breaking the support of the bearish flag in 4H I will add to my short...

ArturoL

This idea is related to a previous post (see comment below to open that post). Price just broke mini support of a bearish flag is a good time to add to your previous position or open a new trade. It may pull back for a couple of days but at the end the bearish pressure will make it fall.

ArturoL

BTC and Nasdaq are highly correlated, both are forming a HS with decline neck! at the same time on the weekly timeframe. Big correction is coming for both, I'm short on both, big positions on Nasdaq. The patterns are not yet confirmed, probably it will take a few more weeks or not, I don't know but once confirmed, bloodbath!! BTC has a strong support at 30K...

ArturoL Updated 

Utility sector has been very strong over the year. The oil price appears to go up next year and is going to push the energy sector stocks higher. The double bottom in the weekly timeframe is pushing the price higher and the symmetrical triangle is about to break to the upside.

ArturoL

Not everything is crashing. Hope, a bank company, just confirmed and inverse HS in the monthly timeframe. This a very strong reversal pattern to the upside. The FED is going to raise interests rates which means that the financial sector benefits. We are in a good point of entry, it may pull back to test the broken resistance (or it may not) and that would be the...

ArturoL

The SP500 doesn't look good. Many things are going on here: 1. The weekly candle closed below the resistance 2. Bearish divergence in short and long term with the RSI 3. It appears to be forming a HS pattern in the weekly timeframe. We will know for sure in a few weeks. 4. On top of that the FED announced the end of money "printing" by March. 5. Only the big cap...

ArturoL Updated 

EURJYP and the others mayor pairs against the JPY have broken the downtrend from 2008. EURJPY is forming a bullish flag and is highly probable that the price breaks out and continues its uptrend. I marked up the resistance levels to take partial profits. I'm planning to hold this trade for months since is a high timeframe but with big moves. If the price breaks...

ArturoL

Tesla stock is showing some bearish signals. Is forming a double top with two big weekly reversals candles. Also shows bearish divergence against the RSI in the weekly timeframe. On the other hand, price is trading within a huge megaphone bearish pattern. The price is hanging by a thread. If it breaks the support, is going down hard. Personally, I don't think...

ArturoL Updated 

The dollar is gaining strength, the AUD bounced off the long term resistance. Is forming a HS confirming its bearish trend.

ArturoL Updated 

Twitter has formed multiple bearish patterns, double tops, weekly reversals and the new resistance previous support is rejecting the bulls. Is very bearish, I don't think is coming back.

ArturoL Updated 

HPE is forming a HS and a bearish flag. The sentiment of the market is bearish, I'm not waiting to finish up both formations, there is no signal of bull power. Great risk and reward ratio on this early call. It can also go deeper but will see at that time.

ArturoL Updated 

UPST is forming another bearish flag. There is no sign of price reversing to the upside. Is totally bearish trading under the long term uptrend support now resistance. Great risk reward in this trade.

ArturoL Updated 

EURUSD is forming another bearish flag. Is following the previous bearish patterns as shown: double tops, bearish flags. The USD is gaining strength and the stock market is in correction. Everything is correlated, even the cryptos are getting smashed.

ArturoL Updated 

Check for rejection when retest the resistance in the daily timeframe.

ArturoL Updated 

Watch price rejection during resistance retesting in the daily timeframe.