Switch the scale to log on the weekly, and you can clearly see the upward channel. Then, on the daily, we broke out of the flag, retested, and now are heading back towards ATH. If we break 450, we're going to see 470, then the test of that upwards channel at around 520. Looking at the yellow arrows on the weekly log chart, you can see our flagpole. With that as a...
Lots of reasons this is heading down (although it may consolidate for 1-2 days before a bigger move down to 228, then 220. I'm buying puts on any pops, as the kids say. Next will be an Elliott Wave Analysis Stay tuned!
Wave B of corrective pattern. Hate to say eye-toad-a-so, but I frickin' toad-a-soe! Target is 550!
USD/CAD (chart flipped here) has an inverse relationship with the S&P. I think we're going to drop a little more, than break the USD into all-time highs.
A very clear head and shoulders play, with two gaps to fill, and tons of momentum. Very exciting play. If markets open red tomorrow, it's time for a very heavy hand.
Log chart. high volume breakout, but it just so happens we did a retest of the breakout now (even if it is an ugly candle). Sentiment surrounding this company has some pretty serious pop-potential. August $80 calls seems like a decent bet.
Market is tanking. Next PUTS play is AMD gap fills and down to the golden ratio fibs. Watch for big bounce sometime soon.
Invert the scale, put'er in logarithmic, and you've got a tasty test of the breakout. LOAD UP ON LONG DATED PUTS FOR MAX TENDIES.
So, the entire market is taking a big dive, and I think it's actually going to continue. I actually did a lightspeed analysis last year, you can see it here. As for Lightspeed, the industry sector index is the QQQ, and it just hit it's overhead resistance. You can see my post linked here, and the picture below. According to the ichimoku cloud, we're heading...
As you can see, we hit the top of the channel (on the logarithmic scale). I foresee this launching us down at least 12% to hit that 195 area and the trend line. Technology sector is heading down.
Wait for confirmation below that fib, but see the targets attached. Straight forward set up. I love it.
Invert the chart, and you've got a sexy cup and handle. Perfect time to short. Add in the Corona virus, and unless China buys the world's stockpile to feed people/livestock, no one is buying soy because they're quarantined. Regardless of the fundamentals, soy is going down.
I've recreated an oil wave count chart using some other aides and guides. Hopefully it helps some of you out there. I'll be breaking it down into the daily chart as well. Note that we're not heading into reversal yet, as the candle combo has not yet appeared. This analysis has helped me define my counts and our overall trend directions. youtu.be
This is a great example of the wyckoff accumulation, as I've also noted on the 1hr $SHOP chart. Considering GOLD is heading back to $1600, I think this is a good play with stops below 4.59. Target #1 = $5.53 (Gap fill) Stop = $4.64 Current = $4.93 R/R of 2:1. Not ideal, but with the wyckoff accumulation pattern and gold's macro bullish chart, I think it's worth it.
Hey all, I did some stuff… and I confidently say we’re either going up or down :) If it hits 390+, we’re in Phase 8! <----I’m leaning more towards this (66% sure) If it doesn’t’ break 370-380, we’re in Phase 12 <----Doubt it, bruh. (36% sure) WYCKOFF DISTRIBUTION screenshot.click LIVERMORE SPECULATIVE MARKET screenshot.click LIVERMORE THEORY screenshot.click
Bullish on Wheat. No other reason than the chart (and a general understanding that global warming is going to kill our planet and make it hard to grow plants?). Regardless, here's how I plan to profit off our civilization's demise: Entered at $5.30 (it was early, I know) We broke out now, and we're looking for a cup and handle target #1, and then a fib level PT...
This is a pretty straightforward play with a R/R of 3.15-to-1. We're ticking a lot of boxes: Inverse H&S Gap Plays inbound Broke out from downtrend Golden Cross on the 1hr for the first time ever. Also looked at the ichi and we could def hit the bottom of the cloud for around $24.50 (correlates with the gap fill). I'm going to take this trade, and would have...
Looks great. 5th touch rule. Testing testing testing. Plus huge volume just came in. If I had more money in my account, I'd trade the 'ish out of this one.