PivotTrade9

PivotTrade9

Rising wedge has formed. Broke the lower line of the wedge. Price trying to climb up trying to break bottom line and failing. There is a resistance as well. Bearish divergence has formed on Klinger Oscillator. That can can bearish trend.

PivotTrade9

This is a potential inverse cup and handle on Apple D-Chart.

PivotTrade9

Falling wedge has formed. Tested bottom trendline of the wedge and bounced back. Now it can potentially break the top trendline. There also has a Bullish divergence on Klinger Oscillator. That can be a trend reversal.

PivotTrade9

Bullish Harmonic Pattern AB = CD formed. And there's also bullish divergence identified on Klinger Oscillator.

PivotTrade9

Bouncing off of 0.38 fib zone couple times. Bulls are defending that zone with strength. If they will be able to hold this zone that can lead into a trend reversal.

PivotTrade9

If there is any strength left in bulls and hold 0.50 fib zone. That can lead into trend reversal.

PivotTrade9

Tested its major resistance zone once & pulling downwards once again. This pull back is very important. It can be a potential Double Bottom.

PivotTrade9

Double bottom established and its moving in a channel. Waiting for a confirmation that which way will it break. Bullish or bearish

PivotTrade9

It has formed an ascending triangle & broke bottom line downwards. That shows the continuation of a bearish trend.

PivotTrade9

Broke top trendline of wedge upwards. There is a bullish divergence formed on RSI. That can be a trend reversal.

PivotTrade9

Bullish Bat formed. This will pull back because there can be a continuation of a bearish momentum.

PivotTrade9

Bullish Deep Crab formed. It's a continuation of a bearish trend.

PivotTrade9

Seasonal Pattern: Seasonal chart for the month of January for last 17 years. It shows a pattern starting from Jan 2006 until 2022. 2 GREENs following by next 3 REDs, then 3 GREENs 4 REDs & 2 GREENs 3 REDs. Now, my speculation is Jan 2023 is going to be GREEN.

PivotTrade9

The index bounced back from 0.23 fib zone, tested its previous high, and pulled back again. So, while pulling back holding that 0.23 fib zone is important to retain bull's power. That zone is also a major support as well.

PivotTrade9

Index wasn't able to test 0.23 fib zone and pulled back made another LH. That is showing weakness in the index. Right now it's struggling to hold 0.38 fib zone. Didn't make any satisfactory weekly candle that can show and potential trend change in the index.

PivotTrade9

Bearish Continuation: Recently wasn't able to make new HH, Bearish Harmonic pattern is forming.

PivotTrade9

Long Position - It's moving in a channel, and tries to break the top resistance line a couple times but no success. If it breaks and hold that line upwards. That will be a continuation of trend.

PivotTrade9

Bearish Trend: NVDA formed a cup and handle pattern, which was a strong indication for a bullish continuation. But it couldn't hold the trend and became bearish