myfye13

myfye13

This could be the moves bears were looking for. I would expect if the wedge is broken a strong move down. However, if we get some positive news tomorrow this could be a bulls dream as many bears will see the same wedge break and will be squeezed out. If I were to guess, the DOW is headed for sub 19000

myfye13

In my opinion, this formation looks too good to be true, which usually means take the opposite trade. But I wouldn't do anything until a breakout either way is confirmed. A strong breakout from the 22500 level would also have the black trendline overcome, but if it does I would think the next likely stopping point would be closing the gap at 23,500, and then the...

myfye13

H&S formation that began forming in 2013 - 1st major support at roughly $33 - with coronavirus getting everyone and their mom out of public places/travel, this decline may happen rather quickly relative to how long it took for the H&S to form - i would definitely hedge this trade with an out of the money call option that are pretty cheap right now after the recent decline

myfye13

If NASDAQ:LULU breaks the black trend line above, next support would be at $207 and $189 for you shorts out there

myfye13

AMZN going down to roughly $1880

myfye13

1st test: $275 - resistance must hold here 2nd test: A break below $262, finishing the right shoulder, would confirm the H&S pattern. No support until $230 I'm bullish on Etherum long-term. That said, I'll be waiting for the break below $262 to make any move.

myfye13

RSI divergence is telling us there may be a retracement coming in the near future, so be careful adding a new bullish position. I'm long-term bullish on NASDAQ:ACLS , but a short-term short play might be wise. Strongest support is currently at $22.75, $22.00, and $20.50.

myfye13

Head and shoulders formation confirmed on good volume. At least a 50% gap fill will occur.

myfye13

BYND gap needs to be filled. Stock has formed a H&S. The current uptick looks to be a dead cat bounce. Gap fill at $110

myfye13

I am bullish long-term gold but I believe a correction is forthcoming.

myfye13

See above. RSI divergence

myfye13

Bitcoin broke trendline support in November 2018. As is common when stocks initially break support, COINBASE:BTCUSD retraced back to the trendline and has now dropped over $2k. This could be the beginning of a long decline for BTC unless support is found. I have listed some areas of support based on volume that may be buying opportunities if BTC verifies the...

myfye13

Fib Channel looks to be holding true. However a H&S pattern is forming and could fall as far as $6500. If support (roughly $7600-$7500) breaks, the next support area is the bottom of the trend line shown above, a further break from that would mean COINBASE:BTCUSD falls to next support (based on price volume that can be see on a daily chart and not shown above)...

myfye13

Uncertainty in the market is evident in the Dow . RSI has steadily declined while we nearly made new highs back in April. Moreover, the 50 day moving average (not shown to make the chart a little easier to see) has all but crossed the 100 day and is taking aim at the 200 day moving average. The chart pattern resembles a head and shoulders pattern, and the RSI's...

myfye13

Uncertainty in the market is evident in the Dow . RSI has steadily declined while we nearly made new highs back in April. Moreover, the 50 day moving average (not shown to make the chart a little easier to see) has all but crossed the 100 day and is taking aim at the 200 day moving average. The chart pattern resembles a head and shoulders pattern, and the...

myfye13

ULTA's RSI divergence and Gap make for an interesting short play.

myfye13

Cup & handle formation on GLD. Stoch's indicating oversold Nice bullish pennant

myfye13

Possible short based on RSI