AMZN wants to retest the supply zone, and this is confirmed by the AD showing an Ascending Triangle pattern to $190, which Is spot on near the previous supply zone
im seeing a double top by the AD along w/ price action + Chikou Span. this is very bearish , setting up a short to C wave 95.50 for amzn
all 3x AD, price action, chikou span have topped on the 15min chart, shorting to 109 on the bearish abcd pattern. ultimate target 95.50
there is also a rising wedge into a trend line resistances. The B leg of the previous bearish cypher acted as inital bounce area, as a result I see a future spy rally set up into the close today. This can also push $spy for $400+ $4080 SPX
adding this morning as I anticipate sp500 futures along w/ spy to sell off the rest of this week. im looking for B leg retrace on the bullish cypher near the .382 fib level
should've made sense, less people filling taxes, more people on gov't assistances. unemployment, early retirement, covid, stimulus checks. this could lead into a bull flag breakout at 29.50 holding w/ support. This could lead into a 50 percent return from 25-26.50 area to $50 if you play the long game 3-5yrs. Not a bad return. Think of it as owning your own tax...
Looking at the 3month chart of Apple. I see $180 max target followed by a massive C leg short of the bullish cypher pattern. The Apex of the triangle is around $140.00, This also likely signals the USA Economy True Recession (Reset), Dare I say Peak IPHONES... The D leg bounce of the bullish cypher (near 100) back to the B leg or the Apex near 140, if it rejects...
looking at apple, the previous bearish cypher (B) leg resistances level is currently acting as support. Next there was a bearish Bat pattern and we're currently at C leg of this retrace. added aapl for long position
Keep an eye out for Sony Next week, the inverse head and shoulders breakout set up is close. It needs a strong close above $93.60 This is a long term tech/entertainment play. Im curious how Artificial Intelligence will impact this company in the future. I should've just held onto this in the 30's, but I didnt... Can't cry about spilled milk.. Im a buyer of any...
I hope it all makes sense now... C wave short set up, gives way to the Bullish cypher short to D leg around 394.00 everything is connected.. I wanted to make this a separate chart to better illustrate the viewpoint/educational .. Im looking to short C wave to 394 area.. This is a bear trap set up. From yesterdays sell off to 407.5-408... I bought the dip and will...
price action + chikou span + AD ... w/ a low stoch rsi.. keep it on the radar. Needs to be above the clouds,
417.5-420 looks to be correction leg (B) retrace back down to retest the support leg of X of the old bearish cypher pattern. The 50 day moving avg crossed the D leg resistances which held as support. The same test will have to happen for X leg before the 50 day moving crosses over . My preference is letting the share price run before taking a short position, and...
The 50 Day Moving avg is looking to cross both D leg, and X leg of the Bearish Cypher pattern. These are past resistances levels, once both these levels are crossed over. I fully anticipate price action to go higher. In Fact the AD has an ascending Triangle Pattern to 417 on the 1hr time frame. For short term traders and swing traders this is a bullish set up
Looking at the WWE I see a Monthly Breakout to $81.75. The AD is approaching a past resistances level, and looking to cross over which would lead to a movement higher. Essentially there is bullish money coming, and News to follow
Nike is facing resistances from X leg, which was a previous support leg... This is not a confirmed breakout out til the handle breakouts above current resistances. For now, im monitoring this position, and remain neutral. However, overall market is looking bullish... wait for confirm breakout before proceeding w/ this position.
looking at Meta, I see buyers off the D Leg/ A leg set up... We're approaching a 4yr double bottom
Macd/AD bottom w/ share price. and Ascending Triangle forming. Adding some coins here.. NOT TRADING ADVICE, JUST HERE TO to post my ideas. do what you want, i really dont care
Looking at this trading range, I've spotted a previous bearish cypher, a current bullish cypher. Price Action has retrace back to the Previous (B) leg of the Bearish Cypher. The Previous resistances, is currently acting as support for the D leg of the present bullish cypher. We can confirm this w/ the bottom of the Stoch RSI. I'm looking to buy put options on...