tradingzebras

tradingzebras

Twice in the last year this has created very clear descending wedge patterns (bullish reversal) that break with heavy volume following a tightening range. I'm waiting for the next one to form. A slight bullish divergence in the RSI suggests we may be heading to higher VXX in the future. If this third wedge forms, the breakout could mark the right shoulder of a...

tradingzebras

Major support being tested. descending wedge pattern (bullish reversal). I will watch volume to indicate early stage of breakouk and will look to breaking of RSI equilibrium to help confirm. Target of 64.

tradingzebras

Major resistance in the process of being tested at the .786 fib level. If this level becomes support, I will look to see a target at the 0.5 fib level for the medium term. EMA 12 and 26 are crossing on the 4-hour and the daily is not that far behind. Bullish RSI.

tradingzebras

Important resistance level around $6.80 was broken and now being tested as support. If it holds, I am looking at a medium-term target of $8.50 or so. Bullish cross just occurred of 12 and 26 four-hour EMAs.

tradingzebras

Important resistance level around $6.80 was broken and now being tested as support. If it holds, I am looking at a medium-term target of $8.50 or so.

tradingzebras

swing trade idea. Bullish daily RSI divergence with increasing volume testing the 7.97 neckline of inverse head and shoulders pattern. In at 7.43, forming the bottom of the right shoulder with a stop loss at 6.94. target price 8.95.

tradingzebras

A bullish descending wedge looking like it could bounce off the long term trend, or if it keeps falling may try for a triple-bottom on the 78% fib around 8.80. Increasing volume looks promising and RSI is approaching oversold.

tradingzebras

Descending wedge pattern seems to be forming (bullish). Volume is starting to increase and we are testing a possible double-bottom support at 78% fib level. If that doesn’t hold the next support is at 7.78. To confirm trend change I’ll be watching for a break in RSI trend line, daily higher highs/lows, and eventually a break and retest of EMA50 that was strong...

tradingzebras

Just an idea, Hourly descending wedge (bullish) could shortly bounce off the trend line that began July 2017. Medium term RSI trend could then signal a run into the new year before long term bearish trend causes top to form some time around March-Apr 2019. May be a right shoulder, or a double top before monthly bearish convergence finishes off the bull run....

tradingzebras

I can see a falling wedge pattern (bullish) starting to break out, with strong resistance at the 0.618 Fibonacci level (forming a double-ish bottom), a higher daily high, a MACD signalling a buy, and a RSI divergence showing bullish momentum. But I'm sure a lot will depend on what the broader stock market is doing.