What could be shaping up here on HLF. Now it is hard for me to picture this thing going to $6.00, but based on price action it could happen. It needs to break above $54.00 to have a fighting chance of being Bullish.
Something I've been watching for a while now on AAPL. It appears that the Extreme Bullish harmonic impulse wave is complete at 0.886 retracement. Which then has either made room for a bearish 5-0 pattern if the upside continues or, Alternative Bearish Bat. Given the RSI BAMM on the Alt Bear Bat I am thinking that is what's occurring. We shall see though. Either...
Look for the wedge to break for a confirmed move to the downside.
MA and V have been in a monster uptrend since 2010. So shorting isn't exacting for the faint of heart. Especially after today when you see it get solid volume and close above the 10 EMA. But if risk is your thing then I would suggest this. We appear to be in a AB=CD pattern short term. Which if that plays out we will break the neckline on what appears to be a head...
This thing has looked bad for quite sometime. Negative divergences across the board, on pretty much every single indicator I've looked at. If we push through 1.27, 1.618 I believe will be the final stop on this train. Kind of scary have seen a lot of bearish indications on a lot of the big boys monthly charts.
There are two different targets on this bat. First one is at the first test of the 0.886 extension (97.38). The second would be if it decides to test the entire PRZ at fib 2.0 (99.48). U shaped volume as well as bullish divergences.
Notes on chart, ISRG in a bearish bat with bullish divergences look for it to hit that $565.00 target.
Notes on chart, only thing I left out was the cat ears on the Fisher.
This is what I see shaping up on NFLX. Short term Bearish Gartley (If the 50 MA can hold). Intermediate term Bullish Bat (Which would fill the second earnings gap). We shall see if it plays out.
I forgot to include on my prior chart that that a Bearish RSI BAMM is also evident on the monthly. This strengthens the odds of this pattern playing out.
Bearish AB=CD pattern. Declining volume since the start of the CD leg. I've been looking at monthly charts on a lot of the big boys and $GOOG looks quite horrible. $GOOG isn't any different. I thought about it and it would be interesting to see $AAPL pop next year and $GOOG drop. Anyway if this plays out here it looks like we will have a perfect Bearish AB=CD. My...
Kissed 0.618 3 times in a perfect bearish retracement. We either have a bullish AB=CD pattern or a bullish bat. Given that the the 2.0 and 0.886 extensions are so close together in the PRZ it is possible that we tag this area. If not then I guess its a AB=CD. As far as volume analysis goes; first notice the downward sloping volume since the start of the 0.618...
If we hit $155.22 which I suspect we will, we could pop to the .382./.5 extension at 159.00-160.00. The .618/.782 extension is 161ish to 162. These would just be retracement levels on a continuing downtrend. Although if we blow the .618 extension on the bullish bat then the up trend will remain. Of course this all depends on the bullish bat playing out. Another...
Expand chart to see the rest. Sorry if it's hard to read. You can clear this and draw your own fibs for a cleaner read. Happy trading!