Seeing a very clean break of a descending trendline after finding support at the daily 200 MA, and now a very clean tight daily flag that is breaking out now. Loving a long trade right here on TSLA.
*Opinion only, not financial advice*
Seeing a rounded top on crude oil right now after a pretty solid run... Definitely raises the odds for a good short at these levels. Target would be the 200 SMA in pink, which could mean a near 20% drop in gas prices... that would be nice!
*Opinion only, Not financial advice*
Seeing a very clean Head and Shoulders pattern on ETH here. Risk/Reward for a short is favorable at these levels. Thinking this could lead to quite a plunge below the 200 day moving average in pink, before possibly turning back up for another move down the road...
Just highlighting possibilities/probabilities.
*Not financial advice - Opinion only*
Nice H&S formation on DIS now. Could lead to a nice drop if it breaks the support in yellow.
Seeing a few nice H&S patterns in bigger names that have been leading the overall market higher during the last year or so, right as the Fed announces planned slowdown in QE.
Still bullish on many names with nice bases but seeing some topping signals in some big...
After seeing GME make a fake break below the symmetrical triangle and then reverse back up with a nice move out of the base, seems like the momentum is back for this wild stock. Liking a long trade on a break of the yellow line right around 265.
*Opinion only - not financial advice*
Bitcoin is now backtesting the 50-day moving average which has been a key support zone historically. Supports broken often become resistance zones. This comes after a vertical run without much of a break. I'm often wrong about short ideas on stocks in this bull market but BTC is hyper-extended, so we'll see.
*Not financial advice, opinion only*
Tesla is currently showing a very nice Head and Shoulders pattern with a second test of the neckline. Loving a short on a break below the neckline. This is one of many high-growth stocks that seem to possibly be topping out in the short term.
(Opinion only, not financial advice)
NVDA looking like it could break below this tight trading range it's been in recently. After going on a huge run this year, if it breaks down from this range into a downtrend could have a nice short-term sell-off... Of course wouldn't think about a long-term short given its leadership status in the semiconductor industry, but a nice correction could still be in...
Getting our clean break below the Head and Shoulders neckline today as markets sell-off...
This H&S pattern in Crude was very helpful in anticipating a broader stock market pullback given the high correlation between Crude and Stocks this year.
Given the large H&S pattern we're selling off from here, and the long-term 200 & 50-day MAs in a downtrend, this...
Nice Head and Shoulders off the bearish 200 Day. Should it break below the neckline, we could have a great short here...
Oil has also been pretty correlated with the stock market, so this could be a pretty good indicator for a continued pullback in an overextended market.