LULU has weakening momentum, a long term H&S and volume cueing in a downside move. You can see that historically, LULU likes to make H&S patterns with the neccessary retest at the end of the H&S slightly overextending the trendline before capitulating. Taking a long-term short for a few months out is my play of choice. A calandar spread is a good way to hedge but...
Dont have a timeframe but it will fail the channel, revisit it, then fail it and break down. It can keep this up channel going for a year, two, or a few months. But look out for the second break
Entered mara in the yellow box area. This thing is going past ATH. Elliot wave, moving averages, fibonacci, BTC chart, january rally, all things considered. This thing is going to blast off
CNC going to likely gap up next week. $90 soon, most likely next week
OKTA looks bearish after confirming a downside after revisiting a wedge. I'm bearish until $150. It will need to break $200, a key yearly support to do this.
TSLA 2 trendlines and a trangle playing out. This can be the entry for longs, $950
AMD completed a 5 wave impulse pattern, and seems to be doing a 2nd wave from a 3 wave corrective pattern on the daily chart. Wave 3 looks like it may bottom around $120. Additionally, if AMD continues further it would have completed a Decreasing Head and Shoulders, suggesting around $120 being the bottom as well. Furthermore, the RSI on the daily has weakened,...
Fb megaphone played out. Still bearish for another $20-30, then we're going past ATH.
DDOG can do the PTON move. ZM, FVRR, SPLK, BIG, PTON have all been stocks doing this pattern. Its like a H and S with a solid long term support line. Makes a shoulder, head, then small shoulder and breaks down.
DDOG doesn't look good in the short term, It needs to corrrect. I would be happy with a visit to $120 to confirm the resistance.
Refer to my previous chart. TTD looks good for longs. I would get shares here
TTD will be at $162 by next year. On the weekly chart, it formed a flag and pennant. I think it might revisit previous resistance and curl up from there.
NYSE:RBLX NASDAQ:UPST NASDAQ:OCDX All of these stocks did the same H and S pattern before breaking out. I attached this pattern simply over a fib retracement of the current trend to establish what the pricing could be. The H and S could play out, but the H and S playing out as a breakout pattern is a more likely play.
RBLX has the chance to reverse or continue downwards. Tight SL whichever way you play.
The Cock and Ball formation (not to be confused with Monkey balls theory) is a classic and easy to recognize pattern commonly used in forex, crypto and stocks. It consists of two overly sized spherical shapes (this pattern is confirmed if you can find candles that make them look hairy or unshaven.) followed by a massive ejaculation tract into the upwards...
TSM going to complete its rally here by joining the likes of AMD and NVDA. PT is $200 by early 2022. Positive momentum, breakout candle, and good volume indicating a breakout
$53.34 Entry and we will see how this bad boy wants to play. News makes things sucky after today and BTC will likely go to 53k before ripping hard, so be ready to buy at $44.37
Crox is amidst forming a topping formation in the pattern it is in. I think it has little gas in the tank and if the top confirms, I will look for an entry. Zoom in to see my play. Should be quick, 6:1 risk/reward. For longer term shorts, 50% retracement should be around $125, but I would imagine it could form a Bearish Head and Shoulders (the longer term path is...