Descending wedge bullish formation. Showing seller exhaustion on both oscillators. Bascially came down and backtested prior resistance on initial drop. Came back down and tested moving avg one more time. Looking bueno.
Small breakout of trend line within the larger descending wedge. Pretty much most cryptos are painting this same pattern today with higher lows off this last little dip. Everything is looking good for the eventual rally. Need to break out of the large wedge to really see some price action.
Gonna take a position in RBLX here. Obviously it's not smart or wise to try and do TA on a new asset such as this with no historical support resistance to gauge....but seems pretty low risk right here. Showing hidden bullish divergence on the 4hr on Mac D and the RSI. I'll take it. lot of hype on this company and some politicians revealing they took out long...
Monthly view / breakout view. Backtest was successful yesterday. Monthly backtest is almost done. Folks...this thing could rocket up to 30's if it clears 19 area. not a lot of resistance after that. straight up. Huge upside potential. remember look at all that volume on the monthly timeframe that came in at these levels down here.
Getting closer and closer. Higher low pivot point achieved. Approaching the supply line that it's been stuck under for the longest, December of last year.
Here's the weekly view for UWMC. Daily looks great as well and is breaking out of a wedge, but wanted to point out the beauty of the weekly time frame. Look at this double bottom w/ a bullish engulfing candle this week !!! If this doesn't get you excited ...then...
4hr showing bullish divergence on both oscillators. Last candle was almost engulfing but was a piercing line candle. Stop loss under the low of the candle for easy risk management.
Showing hidden bullish divergence on both oscillators. Indicating higher prices.
So far just higher lows on the 4hr consistently. lower levels of selling momentum on the mac d. 50 MA acting as support . signs of accumulation
Breaking structure today on big rising wedge. Lot of banks looking like this as well.
I've been bulish on this stock since jump. ...but damn this looks like a text book head and shoulders ? i don't trade this pattern much so i'll let ya'll decide. the measured move it is would put this stock under 8 dollars. SPACS have been getting crushed lately so it fits the narrative.
Breakout of wedge that was posted other day. Bullish divergence and the gap fill played out. House passed me banking act yesterday so this sector should pop
Lot of cryptos posting same setup. breaking out of supply line and backtesting now. double bottom on MA. showing bullish divergence or seller exhaustion on the oscillators.
Double bottom. Bullish divergence on Mac d and rsi. Stock also pays a dividend so that’s a plus.
4 hour showing seller exhaustion on second low. Bullish divergence on rsi. Breaking out of small trend line. See what kind a follow through price action we get.