CookieMonsta

CookieMonsta Updated 

Hello all, today I would like to demonstrate a theory that was hypothesized by one of the greatest traders to ever live, W.D. Gann. This theory is called "The Seven Zones of Activity" in each stage Gann explains what he is looking for, and how the market reacts. Gann describes his "Normal Zone" as a line, that, when price is near that line, it sees little...

CookieMonsta

just broke out of accumulation, .618 fib retrace, and flipped 200DEMA as support, looks good to retest ATH

CookieMonsta

short 7320 if it gets there

CookieMonsta

Not really much to say here, pretty simple long playing the bounce in a very bearish looking chart. I would be surprised if there is no bounce off of the .5 fib to retest the .382 as resistance. Stop-loss is just under the previous wick, should be safely hidden. Overall still bearish on the weekly chart. If you enjoyed this analysis, and or like cookies, be sure...

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Hello fellow traders. Thought i would share this idea for Apple. I'm seeing a very large, very clean rising wedge for this stock. recently, Apple has flipped a major resistance (top purple line) and made it support. This would ideally setup Apple to retest it's all time highs, but, the buyback after tapping this line has been pretty weak. The more this line gets...

CookieMonsta

Just an interesting thing to keep an eye on. Like all parabolas, the price will go nearly vertical, and it will be impossible for the price to keep up. Hopefully you can be profitable enough times to more than make up for the one time you're wrong and the parabola breaks. (; If you enjoyed this analysis, and/or like cookies, give me a like and follow more content. (:

CookieMonsta

A couple major things for this chart. 1. The Head and shoulders pattern signifying a break of the support line that has been tested multiple times recently. 2. The declining volume with price rising = bearish. 3. The 26 Week EMA being tested for the 3rd time. As well as a gap that needs to be filled (on the daily chart, we're looking at the weekly) at around...

CookieMonsta

Here to provide a very simple and clean chart for you guys today. I've made it nice and easy to understand. The purple line is long term major resistance. Anything above it is extremely bullish and you should expect it to run if we get a pullback and retest of that line as established support. Likely due to fundamentals rather than technical when it comes to oil....

CookieMonsta

There is a lot going on in this chart but there are a couple things i would like to put an emphasis on for Lyft. First, notice that we are in a massive falling wedge structure, generally indicating a breakout upwards. Second, notice the red line i have drawn at the bottom of this descending wedge. This red line could be considered a major support level, as it...

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In this chart you will see that I have drawn out what looks to be a potential bull flag for bitcoin's Daily chart. Taking a look at the bottom of the red bull-flag, you will see it indicates that around $7,500 would be the very bottom. Considering that this is now the second major swing high failure, we will most likely see a bigger move towards the downside for...

CookieMonsta

OXY is currently in a long term downward channel and testing the bottom of it. The severe decline in price over the last few years is plummeting OXY into MAJOR support. This confluences with the downward channel, and we are likely (in my opinion) to see a trend change soon to test the top of the downward channel as long as the support holds. OXY, as well as all...

CookieMonsta

In this chart you can see that the red line is representing a potential double bottom, as well as the light blue lines representing a descending wedge. currently watching for a bounce and test of the top of our descending wedge, and possible breakout upwards afterwards for the long term. This setup may be quickly invalidated due to fundamentals that the company is...