What Does a Falling Wedge & Roblox Have in Common?
I've played Roblox once and from what I remember, players build things up and tear things down. In line with the objective of the Roblox game, the falling wedge pattern falls prior to the price rising (or "building") again.
The Falling Wedge pattern was identified on RBLX weekly, daily, four hour and one hour...
SPX has 2 gaps on the daily chart. One gap occurred June 10, 2022 and the other on June 13, 2022.
On June 15, 2022 SPX closed the day with a spinning top.
My plan is to take SPX to the upside after it breaks 3838.51. However, should it break below 3722.08, I will take it to the downside. I have an alert set at 3838.51 with the expectation of a gap fill to...
Pattern Identified- Ascending Channel
The Ascending Channel pattern was identified on multiple timeframes to include the monthly, weekly, daily and four hour charts.
Due to recent market climate and conditions, I am neutral on SPY until the channel breaks.
Peace & Prosperity,
Have You Ever Dropped a Starbucks Coffee?
After you dropped your coffee, did the coffee cup pick itself back up? LOL!
Well, I've identified a falling wedge pattern on SBUX daily and four hour charts. Perhaps it will pick itself up from the "drop".
*This is not financial...
Twitter is not Gap but has a Gap to Fill!
Gapped down 1.25 on May 13, 2022. I strongly believe that Twitter is moving upward to fill the gap. This idea stems from the fact that it has price rejections 4 times at approximately 40.75 (see weekly chart or the screenshot below). Therefore, I will make an entry on TWTR after it breaks and holds above 41.
My PT is...
TQQQ Wants to "Get up!" the Charts Like James Brown's "Get Up"
Patterns Identified- Double Bottom and Falling Wedge. Both patterns show on the weekly, daily and four hour timeframes!
Day Low- 31.76 (This is where the double bottom rests)
9MA recently crossed above the 21 MA on the daily timeframe.
Therefore, I am bullish on TQQQ and prepared to dance to...
Play Catch with Capital One NYSE:COF 's Falling Wedge!
You don't have to be athletic to play catch with Capital One's falling wedge pattern!
Pattern Identified- Falling Wedge pattern on the weekly and daily chart.
MrALtrades00, Technical Analyst & Options Practitioner
OTEX Has A Falling Wedge-Bars!
I am not a rapper but I am a technical analyst who spotted a falling wedge on OTEX. LOL! Don't you worry I will stick to technical analysis and listen to bars as I chart. You can uncover your ears now.
*Patterns Identified- Double Bottom and Falling Wedge pattern.
Short Float 1.14% as of 31 May 2022.
I will enter a long...
Patterns Identified -Falling Wedge & Bullish Engulfing patterns weekly chart!
QCOM filled a gap from November 4, 2021. I can clearly see that QCOM is going through price correction (ranging). If you take a closer look it has popped out of the upper trend line slightly. Take a look at the yellow box to verify. I've identified a bullish engulfing that leads me to...
Celsius (CELH) ain't Red Bull but...it's BULLish!
Inverted Head & Shoulders on the daily timeframe
The daily chart displays the following information-
-9 MA is above 21 and the 50 MA!
-Price is above the 200 MA
-Increasing momentum and volume
*This is not financial advice
Drink your water,
NIO Cars Have Four Wheels & A Double Bottom?
I am confident that NIO vehicles have four wheels and a double bottom pattern on the daily chart.
Expected move-From the neckline to the peak of the pattern is approximately 10 bars or 10.99 ticks.
What confluences further influenced my position on NIO?
-9 MA approaching...
Bulls Have Power & Charge Like SPWR Power!
Bullish pin bar at support on SPWR!
Safe Entry 16.60
Why? 16.60 is .15 cents above the head of the pin bar : )
17 C or 18 C and set my expiration date out 2 weeks from entry date.
A head and shoulders pattern on DataDog Inc. (DDOG) was identified on the daily chart.
The approximate measurement from neckline to head is approximately 60.80. We can see a projected move to 234.84!
I will make an entry at the break of the neckline. However, it fails to break the neckline, my analysis won't be valid. Head and shoulders on three.
What I meant...
Grab A Pair of Nike’s For A Friendly Game Of…
...head shoulders knees and toes!
I’ve identified a head and shoulders pattern on Nike’s (NKE) weekly chart.
My plan is to swing put option contracts on NKE. The measurement from the neck to the head is approximately 55.69 ticks. Therefore, the maximum price move to the downside is 62.99.
On another note, I was...
Beyond Meat ( NASDAQ:BYND ) In A Cup?
No of course not! Beyond Meat ( NASDAQ:BYND with a cup on its chart? Yes!
BYND has been in a downward trend since the beginning of the year. I discovered two factors that led me to believe that the stock will begin an upward trend.
1. Cup on the daily timeframe
2. Bullish Divergence
On a non-technical note, Beyond Meat...
Do you enjoy taking flights on Jets?
Let's take a trip...together if you will.
Name and Ticker-U.S. Global Jets ETF AMEX:JETS
I've identified a cup and handle pattern on the jet. Perhaps, it will take off or maybe it won't. My prediction is that we will take this flight together.
Where is the confluence? Multiple touches on the 200MA (please see the daily...
Will Apple Bounce Off The Branch Or Fall From It?
Apple ( NASDAQ:AAPL )bounced off of its "branch" or trendline four times on the daily timeframe! It would be nice to see a bounce from the "branch" for a fifth subsequent time. 3 out of the four times APPL bounced, it was trading above the 200 MA! The fact that it bounced a fourth time from the same branch is...