zackxl

zackxl Updated 

This is Analysis of a trade I have been watching since April 27th. I used the SPXU to make the bearish trade so it's hard to tell exactly where I got in but it barely missed my stop loss and now is in profit. I think we will see a new swing low around 2500. I'm basing this alot on fundamentals and white house conferences. It still does not make sense for the...

zackxl Updated 

Reporting live after correctly calling the short opportunity to 8100.I think the market will go up significantly from here with a chance at all time highs. I'm hoping to get a long in around 7800 based on fear from the devastating drop yesterday.

zackxl Updated 

Looking at a short possibility on BTC, from the 8950 area to the 8150 area. Sensing some price exahustion here and Stocks look llike they are in for a bad day as well which correlates to BTC. I choose this target because of the long wick on the 7 candle that went $600 beyond the close to 9450 area. Normally when we close below a candle like that we go that same...

zackxl Updated 

SPX has fallen tremendously over this week, largely due to speculation over the corona virus. based on Support areas from different timeframes and a moving average on the Weekly I would look for a bottom around the 2685 area with hopes of us filling the gap left at 3300. If it continues to hover around this 3000 area into next week a short opportunity may present itself.

zackxl Updated 

Considering a play on GLD the ETF representing Gold as It appears to be immune to the coronavirus. Hoping to snag an entry around 155 with hopes that a Bull flag is forming, which would set the target profit point around 168.

zackxl Updated 

As the market looks like its rebounding from the coronavirus scare I'm looking at longing GE. It has some positive fundamentals right now along with an ascending triangle forming. I also like the bullish hammer candle from last week which is why i'm jumping in a little early as opposed to waiting for the 3rd touch at the top.

zackxl Updated 

As the monthly close is 2 days away and the market taking a dive i could see a bounce off of the May close of around 8545. Its worthing noting that bearish patterns are forming (descending triangle) so even if this works out will probobly be a short term opportunity

zackxl Updated 

Here I am identifying a pretty clean ascending triangle pattern on the weekly timeframe. This pattern usually continues upward about 70% of the time. I have an idea to buy some shares around 25.5 with a target exit of around 27. Stop loss would be 25.0.

zackxl

I tried the sell in May and go away thing last year with S&P 500 and did fairly well. Now looking to start trading again. I tried to short TSLA on 12/28 at 428. the price immedieatly dropped and i was in profit. I set a break even stop loss at 428 which was hit first thing this morning. proud of myself for setting a stop especially with holidays going on. Broke even

zackxl Updated 

The pattern is not as clean as I would like so I have been hesitant to call this, but I think we are going down another leg and possibly bottom from 2800 to 3300 based on the head and shoulders continuation patttern. This also happened right before we dropped from 6200. if we dont drop within 48 hrs the pattern is invalidated

zackxl Updated 

BTC is in a bearish zone from a monthly perspective. It is hanging near the bottom of a descending triangle with 4 days left to go. On a positive note, this could create dirt cheap buying opportunities in the 3-5k range within the next 2 months if this triangle breaks bearish. Anything could happen but I think the bulls have given up way too much ground to recover...

zackxl Updated 

$BTC is coming to the end of a massive symetrical triangle. Neutral signals thus far, but the direction it takes should be a big move. leaning slightly bullish just because the selling might be exhausted at this point but on the other hand this could be the final blow. targeting 5k if we break upward and 2800 if we breakdown.

zackxl Updated 

I've been calling for a head and shoulders since Nov. 2 when the left shoulder was forming, I was a little off on where the head would end but overall a successful/profitable call. Normally these patterns indicate further downside so I would think we would at least make one more drop to the 5900 area.

zackxl Updated 

Still seeing a head and shoulders I redrew it a little bigger with the new data. but looks like we are about to finish the head and work on the right shoulder. Could be invalidated with a volatile move sometime soon but looks really clean 60% of the way through.

zackxl

Possible set up i see forming. Will largely depend on how or if we approach the 6400 area but looks very feasible half way through. if this plays out it would mean a very bearish weekend followed by a couple days of upside, ending with a huge drop

zackxl Updated 

After this past weeks close (bearishly engulfing 3 candles and pending descending triangle break) I am expecting the price to drop about 50% within the next couple of weeks. The cool thing about this possibly drastic move is that it could put us in a market environment that could accelerate the price to all time highs and beyond very quickly

zackxl Updated 

Diving into commodities here since Oil is in an uptrend that I believe has at least 10 to 20 dollars to go. On a weekly perspective I am seeing a slight drop to 68-70 region followed by a potential swing to the 78-80 area.

zackxl

checking on ETH after seeing an elon musk tweet about it. It looks like it could bounce pretty nicely in the short term. The concerning thing here is that if it breaks downward out of this huge symmetric triangle it could go to .01 and run the risk of losing all of its value.