RLB512

RLB512

Head and shoulder pattern will confirm or deny here shortly. The target for the H&S breakout would fill the gap below. It has made multiple bearish divergences lately making new highs. Seems like we are due for a healthy pull back.

RLB512 Updated 

BTC is forming a diamond for a well needed healthy pull back. The price target would be $50k minimum, that would be the .236 Fibonacci level. $47387.56 is the .382 and $45699.57 is .50. If we retrace < 50% it will show the strength in the current market. We also have a RSI failure swing in play. When the 233 minute 14 RSI is crosses down and a candle closes with...

RLB512

Similiar set up here as they have in those city dog parks where the city folks use bags to pick up their dogs poop. The only difference here is we are not at a dog park but people will be left holding bags of DOGE mess!

RLB512

BTC making a diamond top with a target of $8333.10 making a move down to $34732. that would set BTC back 20% and with the volatility of crypto time is hard to even predict nor do i try. The diamond bottom played out perfectly with a $17577.08 move up a crazy 94.37% break out move from 10/16/23. I am going to risk $833.31, my stop loss is at $44450.31 and my...

RLB512

The fish swims down! Just keep swimming! Under the deep blue sea! Baby im a big blue whale!

RLB512

The bullish failure swing has played out on OMXS30 with a $325 move. We now are setting up for the Bearish failure swing. The daily candle is starting to look like a gravestone doji. If the RSI stays below 87 the short entry failure swing would be when RSI crosses 73. Price should be close to crossing down $2370.00 when the RSI short entry would trigger. My first...

RLB512

This is an example of what an RSI failure swing looks like. I show on the chart how to enter the strategy, when to exit and ways to find a stop loss. This example is shown using the 9 period RSI. You can play this strat soley but i prefer to play them after a divergence has formed for more confirmation.

RLB512

If the Monthly chart plays out we have three sign that all are pointing to $5219. Remembering a pattern is only a pattern once it forms and plays out. If the bull flag plays out its projected target would be $5219.27. The inverse head and shoulders projected target would be in the same area right at $5219. Using the Price retracement theory you would never guess...

RLB512 Updated 

Everything seems to be holding and setting up for a higher high. 14RSI breaking down trend and the stoch is starting to curl. TA wise looks solid for a good move up, any bad news could change the out come so if you take a long use a stop.

RLB512 Updated 

A strangle of $41-$25 for January would be a good idea here or wait for the break and buy the retest.

RLB512

On the chart I include the formula and a example of how to get shirt term price targets using the retrace theory. Basic retracement theory (B-A)+C (130.77-128.71)+129.94=$132 the low = A the retrace high = B current retracement low = C Trend Strength Maximum Retracements Upside Targets (downside targets are inverse) Very Strong -14.6% to 23.7% A to B added...

RLB512

When we are in bear market the VOLI bottoms was SPX tops and when in a bull market VOLI tops are SPX bottoms. thought this was pretty interesting, only time will tell!

RLB512

If we do not get any news and the TA plays out we should see 102 area the .61 retracement area. Trend is showing signs of weakness and could reverse to the down side. This should send SPX up to $4627.94 as the first projected target. {"content" :"{{ticker= TVC:SPX }}, price = {{close}}"}

RLB512

We have formed a diamond on the S&P. due to the current economic status we are in i have a bearish bias but i will react to the price and not predict. The side of the diamond that breaks out should give approximately a 90 point move in that direction. Don’t panic if you miss the break or even take the entry on the break and we come back for the re-test and then...

RLB512

Megaphone pattern could be in play. What will Jpow hve to say today? First direction is normally the false one.

RLB512

5/24/23 we have a double bottom on the 14 RSI with today. Also on 5/24 the 3hr signaled a slight bullish divergence and broke the downward trend. Recently we have had bullish divergence on the 3rd 4th 8th 9th and the 11th of this month but the 3hr did not break the downward trend. if we clear 4370 and hold i think it is a goos sign we may continue up to test 4420....

RLB512

We are starting a pattern of an island bottom. (Patterns are probabilities until proven correct) As of now we are holding a bullish monthly rsi divergence. Also showing bullish divergences on daily weekly and shorter time frames. The Oi for 9/15 is also loaded. The TA is pointing to PFE brewing something in the pipe line. I would suspect some kind of bullish...

RLB512

Calculated implied range for FOMC today. With vix being under $15 we normally don’t see the extreme range but anything is possible. The implied extreme range is $130.77, we could drop $40 from yesterday’s close and the close the day up $90 for example. The standard range is $90.25 and I would expect to see all of that move. Rule of thumb is the first volatile...