UnknownUnicorn30271326

UnknownUnicorn30271326

Price has been in a downtrend since early this year but has consistently found support at the specified level. In the last 6 months, price has bounced off of that level 5 times and each bounce has resulted in substantial appreciations. Now, that support concords with a prespecified Fibonacci level of support. However, XLF seems to be breaking down; if it fails to...

UnknownUnicorn30271326 Updated 

SPY broke out of its downtrend a month ago which commenced a period of appreciation in price. However, the rise was short-lived and the market has found itself in a downwards consolidation - in the form of a descending channel - once more in the past two weeks. Now, it looks to breakout of the channel and resume the uptrend but faces stern resistance - this is a...

UnknownUnicorn30271326

HD has been in a downtrend for the whole year, to date. Starting last month, price began to consolidate a bit in an ascending channel but now may fail to hold its support. Low RSI readings and MACD indications of a impending depreciation in price are also strong indicators of the channel's breakdown and a continuation of the downtrend. Two huge red candles in the...

UnknownUnicorn30271326

Price has been in a descending channel for the last several months resulting in a 30% drop from its October highs. RSI has been consistently dismal. failing to pass even 50 so far this year, further confirming a downtrend. The price is currently facing resistance at the upper end of the channel and will likely reject this level and continue downwards. Place stops...

UnknownUnicorn30271326

Price is facing resistance at the $164 level - the upper end of the current falling wedge. Price has previously bounced off this level of resistance several times and looks to set to do so again. RSI also looks weak; it has failed to cross 65 since early January but has repeatedly touched oversold levels. However, the strong bullish momentum we have seen in the...

UnknownUnicorn30271326 Updated 

For the last month, price has been bouncing between two ends of a symmetrical triangle. Earlier today, price hit that upper end and, as expected, faced stiff resistance prompting a rejection of that level and a drop in price. Bearish broad market sentiment, likely fueled by the Fed's interest rate hike, further contributed to the price drop. RSI also hit a...

UnknownUnicorn30271326

Price has been stuck in a descending channel for several months; it is currently facing resistance at the upper end of this channel and looks likely to fall in coming days. Price seemed to breakout past resistance earlier in the day (as it has threatened to do twice before), but this was indeed a fakeout - price has since dropped back into the channel. There are...

UnknownUnicorn30271326

Price formed a double top pattern on daily charts after it faced significant resistance in the $170-$180 range; it twice bounced off this level marking the beginning of a downtrend. It was then stuck in a descending triangle - a consolidation within the downtrend - for several weeks. Yesterday, price finally broke down below support of the triangle and will likely...

UnknownUnicorn30271326

Price broke below support at the lower end of the symmetrical triangle yesterday. It proceeded to retest, reject, and bounce off the level today confirming a breakdown. We could see a short term down trend in price in coming weeks, especially concerning negative market sentiment with a war brewing in Ukraine. Price target #1 is $16.60 and price target #2 is 15.40,...

UnknownUnicorn30271326

Price has been stuck in a falling wedge for the past several weeks; it is currently at the lower end of this pattern and we should see support come in to boost price up. Significant appreciation in price could see a break out of the falling wedge in coming days. MACD also indicates an impending uptrend in price. PT#1 is at the resistance of the wedge - around $227...

UnknownUnicorn30271326

Price has twice bounced off resistance at around $70 forming a double top patten. This signifies a reversal of the prior uptrend and we could see downside unto at least $61 before price finds significant support. MACD also indicates an impending drop in price. Look to enter a short position at market open tomorrow. PT#1 is $61 and PT#2 is 50; place a stop loss...

UnknownUnicorn30271326

Price bounced of resistance at $458 twice forming a double top pattern on 15M charts. This indicates a reversal of the prior uptrend and start of a downtrend. And indeed, a downtrend began as price dropped form $458 to $440 in a day. Now price has just retested former support (current resistance) at $444 and look ready to bounce to continue the downtrend. Media...

UnknownUnicorn30271326

Price is in a descending channel on 15M charts, a channel which will likely resolve upwards. A double bottom (from a shorter term perspective) has also been formed, suggesting that price will continue to appreciate up till $27.50. On the 4H charts, price has been stuck in a falling wedge for several months and is currently close to breaking out of that huge...

UnknownUnicorn30271326

Price double bottomed on Jan 28 signaling the end of the prior downtrend and start of a new uptrend. Currently price is stuck in a temporary consolidation - a descending triangle - and is likely to resolve higher. MACD also suggests an uptrend in price. Look to enter on a breakout past resistance of this triangle. Place stops right below entry (around $123) and...

UnknownUnicorn30271326

Price has been in a strong downtrend for several months. Now, we see an inverse head and shoulders forming indicating that this trend could, at least temporarily, reverse. If price can bounce off support at around $60.60, the inverse head & shoulders will be confirmed and we could see some appreciation in price in the coming days. Place stops at $59 (if support...

UnknownUnicorn30271326

The Vanguard Health ETF hit a well-established level of former support (current resistance). Fibonacci levels also indicate a level of resistance around $249. The temporary upwards move looks like a kickback, a retest of that former support, and the stock will likely begin to move lower in coming weeks. Place a stop loss at $250 - this trade counts on a rejection...

UnknownUnicorn30271326

Price is forming a head & shoulders pattern signifying the end of yesterday's surprise rally. This pattern is forming on several other major indices and stocks in the tech sector suggesting a bearish insurrection throughout. The bearish crossover on MACD further strengthens the trade premise. Look to enter short on break of support at $225. Stops right above entry...

UnknownUnicorn30271326

Price is forming a head an shoulders on 15M charts signifying the reversal of a short-lived uptrend. There is also a bearish crossover on MACD. Look to enter short on the break of support at 430. PT#1 is $421 where strong demand has previously come in to play and PT#2 is $402. Stoploss is right above entry, i.e. around $431. Rate hike signals at FOMC tomorrow...