MrALtrades00

MrALtrades00

NASDAQ:NVDA Pattern Identified- Falling wedge

MrALtrades00

Amazon has a broken handle! The handle of the classic cup and handle broke this afternoon on the weekly chart. I am bullish on Amazon for this reason and because SPY is trading above 400! I strongly believe that Amazon has a strong move ahead of today. Blessed beyond measure, MrALtrades00 *This is not financial advice.

MrALtrades00

Charge Up After the Break Point on ChargePoint Holdings Inc.! I strongly believe ChargePoint Holdings Inc. is "charging up" after the break of the upper trendline! If we hold above the break through the bottom of the week, I will enter a swing trade on CHPT. The following patterns were identified prior to the break of the upper trendline-"Double Bottom" inside...

MrALtrades00

SIGA has an ascending channel pattern on the daily chart. A closer look at SIGA shows a bull flag formation on the hourly chart. I strongly believe that a break of the flag (on the hourly) will push SIGA above the upper trendline of the ascending channel (on the daily). The measured potential maximum move of the bull flag is approximately 4.18 points and the...

MrALtrades00

I've identified a high probability setup on Cisco Systems (CSCO). Confluences-The daily chart has a bullish pin bar on a support level and on the 20 EMA! *This is not financial advice. I really like this trade setup for this week! Loved and Blessed, MrALtrades00

MrALtrades00

Patterns Identified- "Triple Bottom" inside "Falling Wedge" pattern Bottom to neckline measurement is approx. 17.89! The measurement for the wedge from its lowest low and highest high is approx. 198.46. My entry will be just above the break of the neckline at 172. I will use a stop loss which I won't disclose on this forum. Profit taking areas will also be...

MrALtrades00 Updated 

The "Decending Channel" pattern was identified on the weekly chart. A "Double Bottom" pattern was identified on the daily timeframe, however, price failed to go higher. A closer look at recent price action and we have confirmation of resistance becoming support (see level 93.62). Though this is true, it is best to wait for a break of structure before placing...

MrALtrades00

PLUG bounced from the key level 18.47 5x's! The most recent bounce occurred on July 8, 2022. Previous bounces from the key level occurred on the following dates- February 24, 2022, January 31, 2022, May 11, 2021, November 9, 2020. Identified patterns include- "Double Bottom" pattern inside of a "Falling Wedge" IMO PLUG looks good for a swing to the upside....

MrALtrades00

TSLA recently broke the trendline on the daily chart. It also broke the neckline on the "Double Bottom" pattern (see the daily timeframe). Since the break of the trendline and time of the post, TSLA has moved approximately 51 points above the break. A screenshot is provided below for quick reference. Have a great weekend, MrALtrades00

MrALtrades00

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...

MrALtrades00

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...

MrALtrades00

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, MrALtrades00 *Lines were used on some of the timeframes to...

MrALtrades00

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 advice. If you like this trade idea, please share your favorite Starbucks drink...

MrALtrades00 Updated 

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...

MrALtrades00

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...

MrALtrades00

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. Play ball! Sweet Peace, MrALtrades00, Technical Analyst & Options Practitioner

MrALtrades00

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...

MrALtrades00

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...