Fallen wedge breakout or double bottom Broke over 50sma today Next target 56.00 (Yellow line). If it breaks over yellow line that would kick off the double bottom Stop loss 51.75 (50 cents below 50sma)
Long on breakout.. Target 50.40 gap close Stop loss 48.00.. you can see prior price action Depending on the strength of the market, this could push to close gap at 52 also
Short target is 292 or trend line support Of course this isn't a MEME stock so don't expect this drop in days.. All stocks return to their trendline support . Rsi is at resistance Cci at resistance My target for msft has always been 310 gap close.. we'll pullback to support before any new leg higher.. First target is 300 Final target is 290 313 stop loss
Price has formed a megaphone 2 options I see for next week, 1.we either fake up 1 more time to resistance around 177 then head lower 2. The pullback starts right away and we head back to trendline support around 170.
Looking at this from a different perspective than the rising wedge. Price broke out of a ascending triangle last week. Too many large names are overbought now, Starting next week I'm looking for a pullback to 332 which is prior gap from 2022. Below that is 327 which is fibonacci support and trendline support. As long as price holds above 321 breakout,...
Rising wedge here.. Won't go over the overbought nonsense, they are all overbought at this time. Now just just have to choose a winner with some low IV and bearish pattern.. Closed all the gaps in the 120's, volume has been falling off since breakout run Target 117 Stop loss 124.50 Choose an Exp that you're comfortable with but I think this move will happen...
Right shoulder almost complete here .. we could break this support either today or Monday, but it's not much more room to Fawk around.. Exact opposite pattern playing out on VIX Price could shop around in this area between 411 and 413 today but I think the drop starts early next week. Stoploss at 415... Price should not move above that area
Next target for tomorrow is 4100. Use trendline resistance for Stop loss. 8 straight days this thing has tagged , and flush through its 20sma. I wouldn't even consider it support anymore, more like a reference to place a stop loss on your gains once it crosses below it because they'll try to close back above it. Keep your eye out for the day they do cLose...
Price moved up to resistance and rejected Bear flag formed here Daily rsi has hit resistance Stop loss 177 1st target -165 2nd target 155 Final target 144 gap close
Broadening wedge here, long term bullish, short term bearish.. I think IWM is headed to 165 fibonacci support or Sept lows. Has a split channel with support on the white trendline, I think It tags it in the next couple of days (170-171). If it breaks below 170 we're headed to 165.. Today IWM closed above its 20sma but got rejected by its 50sma. Use those...
The high-yield market (HYG) High yield and stocks are normally highly correlated and the HYG ETF often acts as a barometer for strength in the Stock market.. As you can see things have gotten tight here in the pennant and HYG not surprisingly has chopped around just like the Spy. Bears will see a H&S Long only over 75 (Weekly 50sma).. Short under 74.00...
Price Has created a smaller Rising wedge (Yellow) inside a Major rising wedge (Extreme) which in itself is extreme fawkery!. The support of the smaller rising wedge is around 321. If we break the smaller wedge , QQQ will pullback to 313 or major wedge support which would represent a 4½% pullback from 327. In the next couple of weeks I think spy will...
The perfect short entry was at 100 All signs point to short here I always like to place my trendlines where it's the most touches ! You see with the arrow placement , the connections validate the trend. Never go for pretty, go for accurate Rsi got Rejected Some levels for you scalpers to use on the way down We bounced once off this trendline...
Just like Msft, aapl gapped outside its rising wedge on earnings... I think 180 is off the table for this year..this week I see aapl pulling back to trendline support at 168 and most likely a gap close at 165. Last week price had been using previous resistance as support. Friday we broke back inside that wedge and close back under resistance. The target is...
Diamond top to kick things off next week.. Fridays price closed above 50sma. Once price breaks the 50 , JPM should test the 200sma on the flush at 128. As you can see 126 is an area of High support, So I think it will be a dead cat bounce there before the next leg lower. My fib levels are High - 172.96 Low - 50.07 If you are wondering how I got 50 for...
Looking for a retest of the double top neck line around 408-409 The dow jones has the same double top and more importantly it lost its wedge support www.tradingview.com But I think it will retest that wedge Qqq actually retested its daily wedge support again today and bounce. I think there's a chance if things align tomorrow for one more test of...
Has a gap to close at 350.. they'll be closing this by next week.. Nflx is apart of XLC sector like Googl and Meta... as you can see they've been carrying the market Looking at XLC , it has a little more room left to go which I think Nflx will be apart of I don't know if it goes higher than that or falls off a cliff from there but 350 is my target
Looking for a pullback to 108 area. It's not breaking over 117. Strong resistance at .236 , normally when a stock is overbought its rare to see it push pass .236.. Pullback targets 113 110 108 Fib levels - 2009 low All time high