Inside of a broader wedge seen on the daily chart, a slanted neckline head and shoulders pattern is developing on the 4HR chart. Looking to see funds continue to shift from the USD in the Yen as the DXY index continues to sell off.
Rocket mortgage embodies more of a tech play then a financial IMO. Volume, short-term interest, technicals, and market sentiment suggests this will test $26 before earnings. Volatile play... trade smart.
After AAPL reported strong earning; and announced the 4:1 split, incoming volume has drove share prices to all time highs. Its possible money is flowing out of certain tech(Goog,Nflx,ZM) and into this beast. This move does however look exaggerated. Looking for the spread to test $5 again, at the very least, $4.
Looking for the breakout of the descending triangle. I have much confidence that this company gets bought up or out- pushing share price up. At very least, a test to the $5 price level seems very possible at this time.
This equity has had plenty of time to consolidate at near the physiological support of $1,500. Descending wedge pattern and negative RSI divergence insinuates that a correction to the $1,300 could be seen this week. However, with price action supporting the current level very strong the last 2 weeks; a test to $1,650 is well within the range of possibilities....
Follow up on last week post about our bullish stance on the USD. We got a nice bounce off the trend line and swing in the RSI. Price action may have outpaced the buyers; pullback to $92.5 looks imminent. If bulls push the Dollar above $94, this could signal a much bigger reversal. Let me know your thoughts!
After a slightly less volatile week, BTC has pulled back from testing the $12000 price level. Analysis of Trend lines, RSI and general supply/demand suggest the retest to $12,000 is more likely then not! Looking for price action following this retest for double top formation and possible short entry. Fail