Looking for this inverse cup&handle or head&shoulders for a gap close rally to ~100.
Potential short term diamond top with a nice R/R.
Can't get more clear than this.
Pappa Pump begging pwetty pwease for more rate cuts and QE. Would be sooooo great. twitter.com Calling these indices markets would be an insult to stock markets. What a joke. Invalidation above the rising wedge resistance.
AKA Toilet Trump, Orange Fart, Stable Genius. Bear Islands Part I, II & III setting up the stage for the ultimate Fake Deal Pump.
Related: thepatternsite.com
From thepatternsite.com
We were waiting for a short opportunity and it looks like today it's finally presenting itself. Clear Price Action with a nice Risk/Reward.
Very little resistance and considering the price action since Trump got into office, euphoria is probably required before this will correct big again.
Yesterday we had DAX breaking below the bull channel at the longer term bullish channel's resistance. T1 13000 Not playing this at the moment.
The strong bull channel we mentioned in the previous idea is now broken and we're waiting for a new structure to form before making intraday decisions on a short or long position. Since there's a lot of big resistances broken we expect it to test these as support. Expecting limited downside, so not shorting this, but rather waiting for a long opportunity,...
- Price remains in strong bullish channel - Retail still 80%+ net short - Many chatters are still pessimistic We're on the sideline, only doing small scalps in both direction. Looking to short if price strongly moves out of the bull channel (exuberance) Or looking to long if price retraces and forms a higher bottom (bull confirmation)
EU markets, like DAX in this example, all showing a wicked doji. DAX was able to cancel out a gravestone doji before, so let's see what tomorrow brings. If EU tanks, it might pull down US with it. Then again US has been a lot more bullish than other world markets. Biased neutral to short.
Turning slowly into a buy here. Time to start scaling into longs.
Psychopathic professionals are. These are stop loss levels of turbo shorts issued by GS, ING, Vontobel, etc. I'm expecting them to flush out the muppets before the market tanks. Stay long, king kong.
Place your bets. I'm biased long. Waiting for breakout.