$GOOG is coiled up on the daily. Nearing gap fill into broadening formation resistance. Short on the gap fill.
Busy chart, so bare with me. Bold call, but the more I look at the FANGs on a combined chart, the more I see an (incomplete) bump and run reversal (BARR) in blue. A head and shoulders is present within a broadening formation in white, that gives room for the H&S to complete. Support in green, resistance in red. Down.
INTC weekly broadening formation into resistance & keltner upper extreme. Looking for a move back to POC in 32s, potentially lower into support plotted below.
Buy throwback if there's one with a Stop loss at 0. profit taking can be very high if the structure is valided by the market. look at the graph..
the SPX is close to overload, its simple to see at RSI and stoch. But i see the possibility of the formation of an ascending broadening wedge pattern. If correct, the idea is as clear a prolonged downtrend and the levels, still a little fuzzy I think that would be: Target 1: 1950 Target 2: 1850 Target 3: 1750 Target 4: 1700 it seems bird of ill omen ...
Notes on chart detailing the various moves based on chart patterns. Expecting a rally to 1.545 - 1.55 and then a decline to 1.51 - 1.50 and eventually to 1.495 and 1.465 (if the H&S is validated and price breaks below 1.50 support (a strong level). *This is an H4 compressed chart, so the timeframe for this tp play out will be days/weeks
A megaphone pattern is emerging very clearly on the 30min chart. Since I'm already short I'm gonna add to my positions at the top of it. I really wanted to bring it every ones attention in case they find it important rather than as a trade idea as such. Good luck!