We are clearly in an uptrend on the daily chart. We are holding at the .618 fib level, which is a large area of support. Also, we have an inverted hammer that closed signifying the next move up. I am at least targeting 1.13, but think the 1.145 area is very possible in the next 3 weeks.
We are closing on a nice daily candle after holding the .382 fib of the last leg. Also, we are diverging on the 4 hour chart
NASDAQ Completed Large Bearish Bat Pattern and Diverging. Correction time...
Obviously, the bull market is finally coming to an end. This is a huge divergence here with a very bearish end of the week. To be long in this market is gambling.
We have two trendlines intersecting with the D leg of a bearish bat. Also, we have a divergence in the making on the daily/4 hour. I would say $57-$63 would both be good short-medium term targets.
The $371 area should offer nice resistance completing a shark pattern, trendline resistance, and oversold on the daily RSI.
We just completed a Bearish Butterfly. Also, we are diverging on the 4 hour and you can see we are clearly oversold on the daily
You can see here we are finally going to take at least a small dive
You can also see we are diverging on the 4 hour. I am expecting a move near $69 then potentially a reversal
I'm expecting a nice move to at least $10 over the next 3-5 months. We are also diverging on the daily
Expecting a nice pullback from here. Also, we are diverging on the weekly
AMZN Possible Long Term Bullish Bat
We just completed a AB=CD pattern within 1 pip variation. Also, we just completed a bullish shark. I am using a 1.27 extension of OX because I think this is a lot more accurate versus a 1.13. Let's see if we hold
We just completed a Deep Crab and we are diverging on the daily. Also, If you notice we have been filling these gaps quickly.
DIS Completing a Bearish Gartley and AB=CD
We are completing a AB=CD pattern right at the daily .618 fib level as well. I expect 43.50-44.50 to hold strongly