PepsiCo: 3 Line Strike at the PCZ of a Bearish GartleyPepsiCo has confirmed a 3 Line Strike on the Daily at the PCZ of a Bearish Gartley with Bearish PPO confirmation, which I think will result in PepsiCo making at least an 88.6% retrace.
3linestrike
Tel Aviv Stock Exchange: 3 Falling Peaks into a 3 Line StrikeBeyond just the implications of the war, the technical setup on the Tel Aviv Stock Exchange looks very Bearish as if it's ready to collapse to new lows, as it has confirmed 3 Falling Peaks and will confirm a 3 Line Strike on the Monthly Timeframe in just 14 hours.
I expect that the exchange and all 15 of its Foreign and Domestic owners will be negatively affected in the process. Which mostly consist of Israeli Banks and Holdings Companies but also consist of Foreign banks such as UBS, BCS, HSBC, Citigroup, and Merrill Lynch International, which is owned by Bank of America, to name a few.
MCOM: 3 Line Strike at PCZ of Bullish Deep CrabThe RSI is peaking above the oversold zone after confirming a Bullish engulfing and very nearly confirming a 3 Line Strike at the PCZ of a Bullish Deep Crab.
I do not normally enter stocks like this, but seeing how cheap this stock is and how the market cap is only $5 Million, yet the annual revenue is more than half of that, along with the fact that there is a bit of a technical argument for a gap fill from these levels, I decided it was worth taking a small chance on this stock to see if it can gain some major upside.
LLY: The NVDA of Pharmaceuticals Showing Signs of Future DeclineIf we close the day as we are now, we will have confirmed a 3 Line Strike, a Bearish PPO Arrow, and a break below the 5 EMA on the Daily Timeframe just above the 3.618 Fibonacci Extension. From there I would expect LLY to first Fill the gap at $451.50 and beyond that I think it will revisit the 200-day SMA around $350 and maybe even the 800-day EMA at around $285.
MEXC Token: 3 Line Strike off of the 0.886 on the WeeklyWe have a 3 Line Strike with Hidden Bearish Divergence visible on the weekly timeframe off the 0.886 fibonacci retrace
Yum! Brands: Bearish Shark With Bearish Divergence and Daily 3LSWe have a 1.13 Shark here with Bearish Divergence Visible on the Weekly Timeframe, and right now on the Daiy Timeframe was have a Confirmed 3 Line Strike. If things go as I expect we will see YUM work it's way down and below the trendline before then making it's way towards the 0.618 Fibonacci Retrace over the next several months.
Bit Digital: 3 Line Strike; Bullish MACD Crossing on the MonthlyOn the Monthly Timeframe, Bit Digital is Bullishly Crossing over on the MACD and has Confirmed a Bearish 3 Line Strike which could most likely take it back up to make atleast a 50%-61.8% Retrace in the coming weeks.
CHRUSD: 3 Line Strike Visible on the MonthlyThere is a 3 line strike on the monthly and if it plays out i'd like for it to target atleast a 0.236 but if we're fortunate it will go up to atleast the 50% retrace.
MELI Engulfing Green Bar Three Line Bearish886.75)MELI is like a hydrid between Shopify and Amazon on the South American markets
Fundarmentally its revenue compared to market cap is more favorable than either of those.
On the weekly chart, MELI double topped to its historical high in February 2021 and September 2021.
It then descended to a pivot bottom in July 22
The chart now shows a large green engulfing candle taking out most or all of the previous
5-15 candles or a so called " Big Ass Candle". This could represent the end of a consolidation period
and the beginning of the resumption of down-trending price action. Last August a similar
engulfing green weekly candle preceded a downtrend.
I have plotted the long-term anchored VWAP and also the 6-month volume profile.
I will take a short swin trade if price drops below the POC line of the volume profile. ( 886.75)
If however, price approaches or crosses the VWAP ( 1060) I will take a long trade.
Given the stock price a 6 month expiration call or put option may be the best trade
method allowing for the taking of multiple contracts and then scaling out type trade
management stratery.
Raytheon Technologies: 3 Line Strike at PCZ of Bearish CypherThe Defense Sector in general seems to be overhyped as if it expects earnings not to matter anymore but the PE/Ratios keep rising as if it's betting on the US to enter a direct armed conflict rather than reality which is that we are simply just providing old unused equipment to the Ukraine. I think in the near future the market will realize this and we will see prices on these kinds of stocks got lower as the PE Ratios compress just like every other speculative growth stock has done during the cycle.
Dogecoin 3 Line Strike Bearish Shark Entry #2We have the MACD Crossing Bearishly and a Bullish 3 Line Strike at the Extension PCZ of a Bearish Shark.
USOIL: Bearish Butterfly & 3 Line Strike with Bearish DivergenceWe have Bearish Divergence on the MACD at the PCZ of a Bearish Butterfly and a 3 Line Strike to go along with it. I think we will make our way below the trendline then breakdown fast to the weekly lows.
BTCUSD Bearish Projection For The Remainder of the WeekWe have this Confirmed Bullish 3 Line Strike on the 4HR at the level of the macro 786 retrace from low to high, we don't have Bearish Divergence but it does lead me to think we get a midterm pullback back to the 16k Level likley within the week before looking to continue higher:
SPY Update: Bullish Trade Idea Still AliveDespite being tempted to exit this trade during the extended hours activity but i'm now seeing a bullish variables during the regular session such as a Bearish 3 Line Strike at the 88.6% retrace and it's coming off of oversold conditions on the RSI so im adding to my UVXY and TZA puts and shorts and staying long the SPY.
ARUSD: Bearish 3 Line Strike and a Close Above the 0.786 RetraceArweave today has simultaneously closed above the 0.786 retrace and has taken out the last 3-4 Days of Bearish Price Action on the Daily Timeframe.
We may also be at the PCZ of some sort of Deep Cypher Pattern; it can't be a Shark because the 1.618 Extension is nowhere near being reached so i think it's a Deep Cypher.
Dogechain 3 Line Strike Bullish FractalDogechain appears to be acting similarly to how it did before the first pump as it's formed a Bearish 3 Line Strike Pattern, Broken out of a Parallel Channel, and now it it stands to make a higher low on the Macro and go for an ABCD movement to the upside which would take it to the 1.618 Fibonacci Extension above.
AUDNZD Bullish 3 Line Strike on the MonthlyWe have Hidden Bearish Divergence and a Bullish 3 Line Strike on the Monthly Chart which will prolly take the AUD back down near the bottom of the range.
LUNC daily 3 line strike!!On the daily chart we have a confirmed bearish 3 line strike pattern confirmation. Don't let the name fool you it's actually a bullish pattern. The 3 line strike is a reversal pattern normally appearing at the end of a trend. We should be poised for more upside in the coming days and weeks as this marks the possible bottom for LUNC. The RSI on the daily has came off the massive overbought territory and has now creeped back into the bullish control zone. The MACD is also showing hidden bullish divergence
Lots of bullish arguments happening on the 4 hour chartAfter the bullish run we are not having what seems to be a bullish consolidation happening on the 4 hour. First we have the bull pennant formed. The supply line of that said bull pennant just so happens to be the breakout line of a bullish dragon. When ever dragons appear you more than likely will find a harmonic pattern. In the case of Luna Classic we have a gartley harmonic pattern showing if the dragon and bull pennant breaks to the upside. Also we have a bearish 3 line strike that just appeared on the last candle close. For those that don't know the 3 line strike pattern is a reversal pattern, so a bearish one actually means its going to be a bullish reversal. The RSI and MACD are both showing hidden bullish divergence. Which calls for a continuation to the upside.
LITECOIN to Take $19 Billion From The TOTAL2 Altcoin MarketcapWe have a Bullish 3 Line Strike as well as a Tweezer Top Visible on the Monthly Timeframe which would Currently put LTC on a path to take atleast a 3.7% Market Cap Dominance over the Total2 Crypto Market Cap which at TOTAL2's current USD value would put LTC at a Market Cap of atleast $19 Billion which is a little over 11 times more than it's current Market Cap; Assuming that the Circulating Supply of LTC remains near where it is, that would imply that the LTC/USD price will go up to around $584.85 per coin of this TOTAL2/LTC chart were to play out.
EURO/GBP: 3 Line Strike on the WeeklyWe have a confirmed Bullish 3 Line Strike on the Weekly as seen below as well as an Unconfirmed Bearish Engulfing on the Monthly i believe the Confirmed Weekly Bearish Pattern has given us a Potential Entry to try to catch the Monthly BAMM Move a bit early and if it plays out we will see the bottom of the overall range again which is near the .886 retrace.
DXY Set Up For A Mild CorrectionWe have a Three Line Strike visible on the Daily with some Bearish Divergence and if it goes down from here and below the B point we will be set up for a Bat Action Magnet Move that could take us to the 0.886-1.13 PCZ.
On a side note here i believe the Japanese Yen will be responsible for most of the DXY's decline so i will be expecting the Yen to gain value against many currencies during this decline in the DXY
Bearish 3 Line Strike at Support Level with 67% Upside PotentialWe have a Weekly Bearish 3 Line Strike while showing Hidden Bullish Divergence at a Support Level Breaking a Trendline that if Broken out of could take us to around $140
