Follow me, anyways, here we are. I did a simple and really quick analysis... There is symmetry (light blue info line), what you see to the right is a combination of all of the patterns I made on the LEFT. The grey lines look like accurate predictions. I'm shorting or holding puts until Friday, getting out at 250 and reshorting Monday at 260-263, what do you...
TLRY up because it is a cup & handle pattern and it just looks so perfect. It matches the .618 retrace and it is amazing how it looks to fit so perfectly. We closed literally at the fib. Wow! This matches the fib level of the cup & handle, handle I linked. You can see how we are in a channel and that we are going to target 1 around 11.23, which would be around the...
Call it wishful thinking, but a 20.4% drop happened in October 16, 1987. If we do drop like that again here we will be at around 240 on Monday, THE GREY LINE shows some cross angular support & resistance there.
Lots of reasons the spy will go down. First there is a weekly support around 260 so, we will probably test that, but there is also a long term support from Feb 2016 to October 2018 around 255. We are forming the next leg down of the bearish pennant. Also, the exetended fib is showing 253 as the next fib. There is a lot of resistance as you can see in the minute...
Ok, so I was going to publish this yesterday, but I didn't. Anyways, the main things I want to point out is that we closed under the first orange line on Friday, which to me poses very bearish activity. Second, it looks like we are going to test the 50 dma again. I drew in the 2008 financial collapse in here too.
There are a lot of reason to be bearish, I could...
Amazon is going to go to 880 where these two light green lines converge. The high looks like it should be there by Thursday at 12:30. First resistance is the prior top as the chart suggests. Monthly support around 846-850 , the blue dotted line is at 847.15. Light blue projection is the length of the prior leg. The upside potential is huge. We could keep going up...
Look out for the 100 sma and the 23.6% fib @ 45.64 for the next leg down. Gap is not closed all the way. We are edging below the support at 46.0. Next support is at 43. Could potential reverse at 43. This would complete the H&S on the daily.
We are Apple short. We broke out of the bullish channel into the bearish zone now. The grey lines are relative levels that match well with the fibonacci levels. We will probably come down to the 200 sma. RSI and MACD levels signaling downwards. There is a daily gap level to be filled. The bottom of that gap is a golden horizontal line that signifies the top of the...
We breached over the 0.618 fib today and will go over it tomorrow. The regression channel and trendline is pointing to the 0.786 fibonacci line. Remember the correction is higher and everything regresses to the mean! 220 price target and above essentially to LOCK IN GAINS!
RSI and MACD showing more room to push to the upside as well! Bullish.
200dma = red
100dma = yellow
50dma = green
20ema = turquoise
9ema = dark blue
timeframe = 4hrs
significant price action at moving averages
long term support 42.46
long term resistance 48.21
42 range next coming week(s)
H&S within a H&S. The design is based off symmetry.
The purple channel is a potential upper resistance on the way down.
The Golden Dashed Line is where the lower bounds of the Right Shoulder could potentially be based off reflection.
The historical volatility is at all time highs, which makes sense with all the selling in the beginning of the year and now the recent upgrades and Model 3 being released to drive on March 31st. Article provided in this link , titled "Elon Musk previously said we'd only see part of the car at this month's unveiling. Apparently that's changed." Now, we are ramping...