SmurfC

SmurfC

IWM looks like it is about spend the next week or so completing Phase D of Wyckoff distribution, a test of the resistance overhead seems likely followed by a subsequent fall off into Phase E downtrend, the gap down to 163 seems like a likely PT by all metrics, including Fib .786 retrace between what I would consider the last 2 major pivots.

SmurfC

bottom fish opportunity, this one can look for entry at the bid, real action doesn’t start until over 1.52 and watch for rejection at 1.64 (could be quick in and out target might blast through without any resistance) Entry @ the bid over 1.35 PT1- $1.66 PT2- $2.02 Macro (weekly hold) PT1- $2.49 PT2- $3.32 PT3- $3.78 stop loss 1.33 R:R (PT2)...

SmurfC

Looking at IMFK the charts outlined are ready to go, MACD set to cross 11/21/19 on daily, RSI 19.77 last time RSI was this low it catapulted 200% relatively low float company heavy inside ownership to the tune of 65%, company has outlined 2m share buy back. Also a huge gap to fill up, this is about as pretty chart that I’ve seen and it’s ready to rip!

SmurfC

For my idea, I see we have been channeling down towards the red support line that has held up twice, the channel is about to intersect with the support signalling a break out is due. The range has narrowed enough with with what I view as possible bullish reversal starting on last 2 daily candles, if this will close above 3.81 on Monday i will expect a green candle...

SmurfC Updated 

Here’s what i think will happen on short term btc/usd, the 4chart shows a wider rectangle with the price being pushed higher through the resistance I think it will have another long candle up to the 87-8800 range before correcting back down towards the bottom trend. *this is not trading advice I don’t trade btc, I am only trying to learn behavioural patterns*

SmurfC Updated 

I see this one bouncing off of double bottom and testing 1.70 I don’t believe it will take much momentum to break 1.70 up to 2$ where it will test a trend reversal and continue up, should see some semi positive catalysts on the horizon with it being O&G season. Don’t trade on my theories I am still very green with charting and trading in general these are just...

SmurfC

Not trading advice as I am still learning, but from what I gather I believe this will ride the red line down to double bottom barring good news, once double bottomed potential for 25-30% on bounce, news of trade deal or higher guidance from 36 hour sale maybe give enough momentum to push up to the 14.50 range. Double bottom forming on the weekly as-well.

SmurfC Updated 

I’m still learning but this looks to me like it’s setting up a run for Monday, double bottom on the daily could we see 26-29 smoothed out at 24ish?