Triangle formation forms harmonic pattern with chartUsing the peak of our latest high we can form a triangle that has not been broken out of. The volume profile aligns with the centre of the triangle and provides another line of resistance if BTC breaks up. Similarly the volume shows us how BTC might have multiple areas of resistance of it the breaks down. You’re welcome!
Beauty
ULTA has Overextended Strength SHORTULTA a women's beauty focused company has benefitted from the end of the Covid Era,
Earnings reports have been rock solid for sure.
I think ULTA is overdue for a correction.
On the 4H Chart, supply and demand zones are per the LuxAlgo indicator. Price touched
and retested demand several times last summer and early fall. It is now touching and testing
the supply zone above the POC line of the long term volume profile. It is in the overvalued
region of the long term anchored VWAP bands.
The Wycoff buying /selling oscillator is still positive but with a decreasing amplitude.
I see ULTA as setting up for a short sell entry. The entry could be now but a better
entry would wait for price to get under the POC line at HKEX:528 and the volume oscillator
turn to negative with the histogram below the zero line showing bearish volume momentum.
My preferred position is a put option at a strike of HKEX:530 expiring on 5/19/23.
ULTA BEAUTY has had a long uptrend with good strength relative and excellent recent earnings.
On the chart, price has risen persistently and consistently
from a triple bottom in late September through October
The stay-at-home economy is over. Beauty and so cosmetics are back.
ULTA should benefit from holiday buying and gifting
Looking at long time frame charts. ULTA is now at its
all time high. nothing but blue sky above
Looks like a decent candidate for call options to me.
If you Could Read my Lines, the story my plots would tellsum of none. master with no grand and no ground.. i have put in my 10,000 hours, i heard that was enough to master a skill.. add as many zeroes as you want i still feel it's my first day with a keyboard... i wake up each day and think of something i need to learn and improve in myself. i'm scared most of the time, and i feel alone more than i knew i could. surviving this world i live in, where my life is impossible to understand, the coffers bare and not slept in a bed in over a year, parking lot to parking lot stealing power and free wifi coding 18 hours a day.. i don't know how i'm still here.
with charts, i find something i understand, can trust, when they speak to me.. indicators are more than simply what's in front of you, but what isn't obviously seen. sometimes we miss that there's more than just the standard tools rigidly picking us up and slamming us down..
by changing the way that we listen, we expand understanding.
my days charting have taught me to speak stronger
and how to listen to what isn't said
amidst noise, distortion, and aggressive volatility
in search of tender.
DJ30 will Fall to 32200 the Upcoming Week - Part 4 (Beauty)Now for the final part of the analysis of the market trend and the forecast that it would fall this week.
Do you believe in horoscopes? or God? Perhaps, this post could make you change your mind about one of them.
The market movement is controlled by the mystic Fibonacci sequence. Whether it is by inherent design of mass action or due to the collective following a common myth, I am not sure. Maybe I should read more about it. However, what is for sure is that whenever I use my favorite tool, the Fibonacci Spiral (aka. Golden Spiral), everything fits perfectly.
If we look at this chart, I traced almost all the market movements in the monthly chart and they all offered to perfection the historic support and resistance of other trends, as well as future ones. Now, I traced the current trend as if it would end this week with the red spiral, and as you would guess, it fits perfectly, which is a strong indication of a market correction this week , since it would get more complicated later if it doesn't happen. To know the magnitude of the hypothesized correction, I drew the trend line I believe is the most likely to offer support (check the previous parts of this analysis) and traced from the current point another spiral to the line in the current month. The intersection point is nearly 322000, the point I already forecasted from previous analysis -- and it fits also perfectly.
Here you go, a slightly irrational analysis based on symmetry, beauty, and abstraction, which, for me at least, is the most convincing of all.
P.S. If I am wrong and it doesn't happen this week, then it should happen in 2 weeks -- still within this month.
P.P.S. When the correction happens, it should have a more massive effect on NASDAQ, which could trigger a bearish market. That's still to be seen.
P.P.P.S. As it is usual, TradingView messes with Fibonacci when aspect ratios are changed. For the correct;y fitted one, please check the photo below (use "Open image in a new tab" or so):
The Irony Within the Market - UGLYI know beauty is all about perspective, so here's mine
This is an ugly formation
While NFT's (digital artwork) within the Ethereum community continue to explode, an array is present, and as they cement their place
We are stuck with this ugly (W) formation on the Altcoin market
I just find it Ironic, I had to post
Maybe irony presents a form of truth?
Above is a long term chart of the altcoin market of mine, hopefully it provides clarity
LONG - CMT - Trading OpportunityBeautiful retest of the MA200 on the 4h chart, along with the previous resistance that seemed to have formed an ascending triangle.
Entry: 0.00000219
Target 1: 0.00000244
Target 2: 0.00000258
SL: 0.00000212
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
50ma resistance 108p / bullish divergence 155p target90p possible retrace where 20ma is, before next leg
108p next resistance
155p after.
Bear in mind:
Cash and net debt
The Group carried a cash balance of GBP0.7m at the end of the reported
period as against an opening balance as at the 1 July 2018 of GBP1.9m.
Funds have been deployed in the continued building of the customer
list and on-line marketing spend. The Company also acquired a further
1% of the Skinny Tan subsidiary from the founder during the period.
The Company expects a profitable and cash generative second half
with discussions already underway with a major financial institution
to provide global banking services and financing should funds be
required to support incremental growth opportunities.