About meI am a nurse by trade but I love to trade. I also teach yoga and like to shoot pool. The water is my favorite place to be, or camping and hiking in the mountains. I want to travel everywhere and see everything the world has to see (o:
This candle on daily has a long top wick/shadow so far today. Weekly candle is a red Marubozu with a shaven open and a shaven close.
A marubozu candlestick is a either bullish or bearish candlestick. They are larger candles and don't have any upper wicks or lower shadows. They are typically green on charts when bullish and red on charts when they are...
Targets are below price in orange.
Targets 2 and 3 are possible if targets 1 are passed. However in this case, these targets are very possible.
This may hit targets 3 (T3) as there are old rising wedges down there that are not valid yet. Look back on this chart to 2020. MSFT broke up from this rising wedge a few years ago and it has not corrected.
Quite a move up today with volume decreasing.
Declining volume indicates lack of interest. There are just no two ways about it. If this index/ETF were in a triangle or a bull flag, you may expect this. But it is not. Maybe a bear flag forming but remains to be seen
I am not saying this volume is astoundingly low. It just does not look like Volume matches Price...
OUCH! Huge red volume bar!
Rectangle has broken bottom trendline.
Longer term moving averages may have fooled some folks as they do not look bad, yet. Moving averages can be a lagging indicator like analysts )o:
Perhaps a short term short.
I am letting the dust settle.
Strong stock and has broken neckline before and recovered swiftly. CCI has not broken the neckline again as of yet.
When I see a possible second shoulder that fails to beat the prior high, I always take a second look if that 3rd leg has obviously turned down for the time being. Plus the retracements are often deeper than a price retracement in a strong uptrend....
XLV appears to be bouncing around in a rectangle for quite some time. It is a fairly wide rectangle which is neutral until a trendline is broken.
XLV appears to have formed a W pattern inside that rectangle that topped out at the 1.113 which caused a throwback and price landed back inside the rectangle. If you take a look at the bottom valleys of the W (almost...
This flag needs to break if it is planning on doing so (o: The flag is n the verge of becoming too heavy for the pole to support. Compare Flag 1 to Flag 2. Flag 1 has a nearly straight pole to the upside and the flag pole more than adequately supports the weight of that flag.
Pocket pivots (green triangles) are in abundance on the pole.
The flag is a Bull Flag...
USO appears to be trading in a Rectangle Top.
This pattern is neutral until a trendline is broken with a confirmed trend in that direction.
Possible targets for a break to the upside in white over price. Possible targets to the downside in orange type below price.
The investment seeks the daily changes in percentage terms of its shares’...
AXP has broken the bottom trendline of a Symmetrical triangle.
Price has stopped at a prior bottom, for now. Time will tell if it holds.
The 50 SMA has crossed down through the 100 but not the 200.
Travel was doing well a few weeks ago. I guess almost everything is down today.
Price is below the bands set on 80 and RSI reads oversold.
The Cloud is not as...
IWM appears to have broken the neckline of a head and shoulders pattern, consolidated in a horizontal trading range, or a rectangle, and has broken the support line of the rectangle.
Massive negative crossover of the longer term moving averages at about the same time price broke the neckline. On the Cloud, below, the Tenken crossed through the Kijun at the same...
Very long impulse wave with a bottom of 27.20 and a top of 109.73. MS reached it's high and looks it like price bounced around in a rectangle top for a while before breaking the bottom trend line which is now resistance. The bottom trendline of the rectangle top appears to have become the resistance line of yet another rectangle which has broken to the...
The Ichimoku Cloud is a chart used to display support and resistance, momentum, and trend in one view. The cloud is shifted forward 26 days, so in theory, the cloud gives you a glimpse of the past, the present and a projected view of the future.
The Tenken and the Kijun are also known as the Conversion line and the Baseline. The Conversion Line (blue) is the...
This is a neutral pattern until a trendline is broken with a trend in that direction.
Possible targets for a break to the upside in white type are over the Rectangle TOP. Targets to the downside are in orange type below price. The larger orange type are possible targets 1. The smaller, and even smaller orange type are possible targets if targets 1 are passed. ...
The support line of the Channel Down has been broken. For 2 days in a row, half of the red candle is hanging below the trendline.
This can be an ominous signal.
The descending channel pattern is also known as a “falling channel” or “channel down“. A break out above the upper trendline generates a strong buy signal, while a break down below the lower trendline...
Price has broken to the downside of the symmetrical triangle. There is also a Head and Shoulders top.
A prior triple bottom failed to provide support.
Short entry 119.65 with a downtrend.
A head and shoulders top is not valid until the neckline is broken with a downtrend. The neckline was broken some time ago, yet ABNB experienced swings to the upside but was...
There is a prior double bottom at 28880 if the support holds there (look left) The double bottom lines up with the .618 of the entire impulse wave up which has a bottom of $3858, so I went deep when finding it.
You may see another level than I do. I drew this using the weekly chart.
Price is below it's moving averages and none of the 4 longer term moving...
Long with a good entry price.
RSI is on 75 and overbought status is looming on daily. It is Overbought with RSI on 70. Overbought status noted on weekly with RSI on 75 but not on monthly as of yet. Securities can remain overbought for a while depending on the circumstances. They can also remain oversold (under 30) for extended periods of time.
The support line of the Channel Down has been broken.
Not a fantastic signal as a rule.
As I type this price is at 299.57.
The descending channel pattern is also known as a “falling channel” or “channel down“. A break out above the upper trendline generates a strong buy signal, while a break down below the lower trendline generates a strong sell signal.