Looks like some consolidation around 4100 for the S&P before a potentially big move. The daily MACD might be turning over at the current resistance level around 4100. Some confluence exists here as this same 4100 resistance level that we are bumping up against now is also the 1.618 Fib level generated by the March 2020 downturn (shown here as the orange horizontal...
Google is playing out an inverted cup and handle with a conservative price target of $73-76. The price target should be lower, around $71.50, but I shaved a little off because there is some old support from the Jul-Oct 2020 period that should buoy the price, at least for a bit.
The daily EMA ribbon flipped bearish in April and since then a precipitous 38%...
Two HUGE trendlines intersecting to form this MASSIVE triangle with breakout targets to the high side and low side of around $0.61 and $0.36, respectively. An existing support line at $0.36 caused me to shave a little bit extra off the downside price target. I see the high-side target as slightly more likely anyway which is smooth sailing and just seems more like...
There is a bullish cross of this support/resistance line at $0.56 that has been governing the GMT price action since mid March. Next resistance line rests at around a dollar. It could be pretty exciting if this longtime support recently turned resistance is actually breached, I'm waiting for some separation from the $0.56 line before diving in.
Not sure which of the 2 triangles we are in, but volatility seems likely, either imminently or over the next few days. Neither triangle is invalidated by the price action around the feds announcement as the price action related to the fed's announcement does not extend past 40% of either targets' breakout prices.
The smaller triangle is interesting. The longer...
BTC is showing a nice example of a diamond pattern atm. Diamond patterns are meant to be a sign of a trend reversal. In this case there is a diamond at the intersection between upward and downward sloping channels. It also shows the characteristic up and down price swing at the center.
