Sensei

Sensei

Looks like our favorite investment bank may be have even more of a down swing in store. This head and shoulders pattern looks pretty well defined. The current candle however is sitting on a support level around 170 but if that is breached then 150-152 may be in store. as the next stop.

Sensei

Well defined triangle with a well defined breakout. Market sentiment at the moment is bearish, giving this trade another odds enhancer. Target 1 just below 96. Target 2 would be the support level around 86. Lets see

Sensei

Wedge patterns have been seen in several different currency pairs across the entire market, particularly USD pairs. This vigorous breakout gives a fantastic sell signal to sell USD based pairs and buy the inverse. With such a large candle though, i may wait a bit for some sort of retracement or pullback for my entry. Happy trading

Sensei

A similar situation seems to be happening on GBP/USD, but on a larger scale. A nicely defined wedge pattern has formed here not too long after the downward breakout from the huge channel we were in. Big bearish move for EURO. I expect this to breakout upward and the falling trend line just above 1.07 would be my initial target.

Sensei

Again, another tech sector channel. Although this one does have bearish sentiment, the channel looks like a bearish flag or continuation pattern, the overall consensus across tech right now seems to be a great environment for long. If i see more of a bounce from tomorrow's candle ill take this trade with a target around 31

Sensei

Seeing a lot of this across the entire tech sector. Definitely a nice downtrend in play but bounces off this trend line have done fairly well. also seeing some bullish divergence on the RSI and stochastic indicators

Sensei

Downward channel seems to be in play here, so this trade is technically counter-trend, but the channel seems to be playing out pretty well here. 132 looks to be a good support level for longs and technical indicators are reading oversold. I like this trade with 145 to 150 for potential targets.

Sensei

Retail sector has been taking a pounding for weeks on end. TGT looks be also breaching a pretty decent support level around 72 as well as what looks to be a distribution phase. Definitely looking for this downtrend to continue down to the 59-55 levels as a profit target. The gap between 68 and 70 may a small issue on the way down but if we clear that it should be...

Sensei

May not be a bad place to buy. Reading oversold on the hourly. Looking for a bounce here to confirm the long

Sensei

A well defined channel has taken shape here with EU now potentially bouncing off the lower boundary, which has held nicely in the past. Indicators are nice and oversold which could make for a nice impulsive move upward. The 1.145 region could be a key resistance area on the way up, but if it can clear that we could see 1.19 again

Sensei

Been anticipating this one for a few days now. SPY looks be bouncing off a important resistance level as well as the 100 day moving average, technical indicators are into overbought territory and todays candle completely encompasses the prior 3 days' trading range. 192 and 187 would be my targets for this move, conservatively.

Sensei

A nice short setup has taken shape here as GBP is again having trouble with the upper diagonal trend line. Potential target could be somewhere in the lower 1.52 range or even slightly below 1.50 to continue forming what looks to be a falling wedge-like pattern.

Sensei

Excellent break of the symmetrical triangle that was in play here. Also breaking a support level around .72554. Looking for a small retest/throwback before a nice directional move to the downside.

Sensei

SPY looks like it fianlly broke out of the triangle pattern we've been seeing for a few weeks now. Should produce a nice move down to about 187

Sensei

GU has been rising in what seems to be a small wedge pattern. Breaking an important trend line, double topping around a fibonacci level with technical indicators showing some bearish divergence. Good amount of factors coming together to be short again

Sensei

I've been eyeing this one for several weeks anticipating this bearish breakout from the distribution phase LULU's been stuck in since January. Heck of a way way to break down. If the current candle holds and closes below the support level at 59 then i'll take up some longer term puts on this. This could last a while

Sensei

Setup looks decent, ill give it a go if this bouncing candle has any follow through

Sensei

GU at a confluence of support levels plus reading oversold on a few indicators, would buy any buy bounce that occurs here