SCHW's Weekly Pour: A Cup, a Handle, and a Bullish Refill?
Been tracking SCHW, and this chart is shaping up to be something big—potentially a breakout from a range that’s been developing since early 2022. Price is pressing up against key resistance around $95-$100, and a clean break above this level could confirm a multi-year breakout, opening up the possibility of a much larger trend move. With Fibonacci extensions lining up at $150 and $200, this could be one of those slow-burn setups that eventually pays off in a big way. Let’s break it down.
Fibonacci Extensions and Multi-Year Price Targets
The way this chart is structured, $95-$100 is the final boss. If price convincingly clears that level, it breaks a massive range that’s been in place for over two years. If that happens, $150 (the 161.8% Fib extension) and $200 (the 261.8% extension) are the next major upside targets. These aren’t short-term price points—this is the kind of move that could play out over multiple years. But historically, when a stock coils for this long and then breaks out, the measured move potential is huge.
Moving Averages and Long-Term Trend Shift
Right now, we’ve got price trading above both the 50-week and 200-week moving averages, signaling that momentum has already started to shift. The 50-week MA is curling upwards, and if we see it hold above the 200-week, that would mark a long-term trend shift that typically aligns with sustained upside moves.
Mapping Out the Breakout Scenarios
If we do get a breakout, here’s how I see it playing out:
1️⃣ Break Above $100 → Multi-Year Uptrend Begins – A confirmed break and hold above $100 shifts the entire structure bullish, setting up an eventual run to $150 and possibly $200 over the next couple of years. This would be the full resolution of the pattern that has been developing since early 2022.
2️⃣ Rejection at $95-$100 → Pullback Before Breakout – If price gets stuffed at resistance, we could see a pullback to the $75-$80 zone before another breakout attempt later in 2025. This would act as a final shakeout before the bigger move.
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All eyes on $95-$100. That’s the level that determines whether this just grinds sideways for another year or finally starts a major new uptrend. If it breaks, we’ve got a clear roadmap to $150 and $200 in the coming years.
Curious if anyone else is watching this. Are we about to see the start of something big, or is there one more fakeout before the real move?
Not financial advice. Just charting things out. Let’s see what happens.
Fibonacci Extensions and Multi-Year Price Targets
The way this chart is structured, $95-$100 is the final boss. If price convincingly clears that level, it breaks a massive range that’s been in place for over two years. If that happens, $150 (the 161.8% Fib extension) and $200 (the 261.8% extension) are the next major upside targets. These aren’t short-term price points—this is the kind of move that could play out over multiple years. But historically, when a stock coils for this long and then breaks out, the measured move potential is huge.
Moving Averages and Long-Term Trend Shift
Right now, we’ve got price trading above both the 50-week and 200-week moving averages, signaling that momentum has already started to shift. The 50-week MA is curling upwards, and if we see it hold above the 200-week, that would mark a long-term trend shift that typically aligns with sustained upside moves.
Mapping Out the Breakout Scenarios
If we do get a breakout, here’s how I see it playing out:
1️⃣ Break Above $100 → Multi-Year Uptrend Begins – A confirmed break and hold above $100 shifts the entire structure bullish, setting up an eventual run to $150 and possibly $200 over the next couple of years. This would be the full resolution of the pattern that has been developing since early 2022.
2️⃣ Rejection at $95-$100 → Pullback Before Breakout – If price gets stuffed at resistance, we could see a pullback to the $75-$80 zone before another breakout attempt later in 2025. This would act as a final shakeout before the bigger move.
----------------------------------------------------------
All eyes on $95-$100. That’s the level that determines whether this just grinds sideways for another year or finally starts a major new uptrend. If it breaks, we’ve got a clear roadmap to $150 and $200 in the coming years.
Curious if anyone else is watching this. Are we about to see the start of something big, or is there one more fakeout before the real move?
Not financial advice. Just charting things out. Let’s see what happens.
Whatever you do, take care of your shoes.
Just sharing what I’m learning on this trading journey. Check out my charts, and let me know what you think.
Always use stop losses. Not Financial Advice.
#NFA
Just sharing what I’m learning on this trading journey. Check out my charts, and let me know what you think.
Always use stop losses. Not Financial Advice.
#NFA
Whatever you do, take care of your shoes.
Just sharing what I’m learning on this trading journey. Check out my charts, and let me know what you think.
Always use stop losses. Not Financial Advice.
#NFA
Just sharing what I’m learning on this trading journey. Check out my charts, and let me know what you think.
Always use stop losses. Not Financial Advice.
#NFA
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