chinawildman

chinawildman Updated 

no distribution really on this drop. Breakout of channel implies a 0.5 shark retrace. Target 544.50.

chinawildman Updated 

So far everything unfolding as expected (except for the the giant gap down at open)... Target remains gap fill around 277 at the .382 retrace on the previously mentioned bullish bat. I still think we paint some kind of inverse H&S monday and tuesday as SPY tussles w/ the purple (21 day EMA) and orange (200 day MA) lines. There's now a small bearish bat painted...

chinawildman Updated 

FB is one of the stocks I'm using to forecast the health of the overall market. Reasons being a) its fortunes aren't tied to the china trade circus, and b) It's a megacap growth stock that isn't ridiculously overvalued. Currently FB is the strongest performing of the FANG stocks (perhaps due to the aforementioned reasons). Despite it invalidating the bearish bat...

chinawildman

This turd has a tendency to gap down at the open. H&S target should complete at under 139.20 which puts in the PRZ of a bullish butterfly (137-139). Target 146 or so @ .382 retrace. Textbook fib ratios all around on this butterfly.

chinawildman

Like FB, GOOG has painted a small bearish harmonic pattern (butterfly) at the tail end of a larger bearish harmonic that has defined its entire action from the october fall. And like FB I think its fortunes will have a bearing on what happens in the S&P. Watch how it reacts as tries again to breakout from the TL it just had a failed breakout from. Another...

chinawildman

Bullish shark bounce on Friday. Expect choppiness in the 50-61.8% retrace area as it tussles w/ resistance @ 47 and the median line of the greater channel that it's been in since Nov 2017. How it resolves here will IMO determine its direction for the medium term. A reversal out here will change the bullish shark to a bearish 5-0 pattern that could potentially...

chinawildman

PRZ lines up with resistance and long term TLs... I don't expect it to just blast straight through this area so expect some kind of reversal either at the .886 or 1.13. Latter is more bullish. Either way I'm closing my longs here and initiating short positions soon. Quick swing trade, long term I'm bullish gold and miners...

chinawildman

This stock has been an aboslute sh*tshow so far but today it managed to bounce off the bottom of the larger channel and more importantly, what looks like a bullish shark .886 XA PRZ. If the bounce holds, shark pattern implies a 50% so that would mean it breaks out of its current downward channel. Breaking out of this channel would then imply a bullish cup and...

chinawildman

Like ISRG, here's another one that seems like a good play for early next week. Not much distribution in this drop, broke out of downward channel. Bounced right off the .886 XA and bottom of channel support. Looking for minimum 50% retrace to resistance at 122.15 by Wednesday. BTW medium term all these scalps I'm posting are overpriced as hell... The 21 day EMA is...

chinawildman

looks for retrace to 0.5 in the next few days target 173.65.

chinawildman

Hourly RSI is hovering right above oversold so I think we take a breather from the purge on Friday. Drew a bullish bat here which if we keep bouncing here could be a .382 retrace back to the top of the channel. Were it to materialize my guess it's some kind of inv H&S formation that concludes the pattern Tuesday at the top TL. This is an ideal bull scenario, I'm...

chinawildman Updated 

doo de doo de doo de doo de doo... Shark pattern resolved perfectly and reversed into the 5-0 as expected. Watching it last night I sorta expected another shark pattern to develop as it failed in the 50-61.8 retrace zone at close and sho'nuff that's exactly what we got. The lighter green "baby" shark pattern formed today and it bounced out of the .886 PRZ and...

chinawildman Updated 

Too far too fast.... textbook fibs on this bearish bat, just hit PRZ. watch for reversal here. PTs are 166 then 164

chinawildman

Picture perfect shark pattern here (complete w/ expected consolidation around the 50% retracement) about to resolve into a 5-0 pattern that starts the breakdown. No buyer interest above 280 for a week and a half now. Distribution and selling the rips are all the rage once more. I thought it would at least tease the 61.8% retrace of Monday's drop but it hasn't even...

chinawildman Updated 

Like AMZN, GOOG looks poised to challenge its downward TL. Upon breakout it immediately faces support from pre-Oct levels as resistance which happens to correspond w/ a textbook bearish butterfly PRZ setup. Watching for a reversal here, no position.

chinawildman Updated 

In my prior post I drew my shark pattern wrong... what you see here in bright green is the legit shark pattern which has materialized beautifully so far w/ a perfect AB=CD 50% retracement as predicted. Again, SPY keeps painting textbook fib levels on these harmonic patterns. Now we see whether this rejects into a 5-0 pattern and heads back down to retest channel...

chinawildman

textbook bullish butterfly that coincides w lower channel support.

chinawildman

bullish gartley seems to support a gap fill then retest (w likely throwback) of current channel. Assuming it falls out of channel first of course...