DXY - Diamond ReversalMonthly candles
Here's a long term picture of the DXY. It think its headed towards $80.
I'm short
Buy Bitcoin
Thanks
Classicalcharting
Google - Head and Shoulders?Google might be forming a Head and Shoulders top after a failed Cup and Handle. If the H&S plays out, I expect the gaps bellow to get filled.
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$HI #Breakout SetupIn November of this the stock broke out of a massive 1+year head on shoulder pattern (on the weekly time frame). The stock has been digesting that rally for a month moving sideways right below the $40 level. The head and shoulders bottom chart pattern price target is up around $53. The current sideway breakout setup could be the launching pad to that level.
Possible #HeadandShoulders Bottom Forming $GC_FNeckline around that $178 level. I am long $AUY from last week (but no fire works yet).
GDXJ - Huge Bull FlagHuge bull flag on daily chart. I went long today.
Price Target 1 - $77
Price Target 2 - $100
LINK/BTC - Is The Parabolic Run Over?LINK/BTC put in a major top pattern earlier this fall. It looks like the price is going to continue to drop further. The next support is at 0.0052. If it breaks that support, LINK's run is most likely over.
Cresco Labs - Inverse H&SCresco is ready to launch higher. It already broke out of the Inverse Head and Shoulders and it is currently flagging.
Price Target 1 - $13.30 but it will likely go higher
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NOIA/USDT - Inverse Head and ShouldersTextbook Inverse head and shoulders pattern. Headed to new highs.
SBSW - Breakout or Another Fakeout?I like the long term setup here. Had a long position here a couple months ago but I got stopped out. I think it's ready to go this time but Ill be keeping a tight stop loss.
Price Target - $24
GNUS - Inverse H&SPretty straight forward set up. Inverse Head and Shoulders. I think it goes above 2 bucks.
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SOLO - Inverse Cup and HandleLooks like an Inverse Cup and Handle. I don't have a position yet but this might be a good opportunity to short.
Bitcoin - Sideways Movement + Altcoin rallyIt looks like Bitcoin has strong support at 17,100. I expect this to hold but I think the price is going to move sideways for a little while (Similar to the price action from May - July) . We might see a Cup and Handle breakout on the longer term chart.
Now might be a good time to start loading up on altcoins.
Thanks
Netflix - Rectangle PatternNetflix has been stuck in the $460-$570 range since July. I am expecting it to retest $570 then possibly break higher.
I do not have a position yet.
Bull Flag - WTI CrudeOil is currently flagging just above the August highs. This signals a continuation in the upward trend.
Price Target - $50
Ethereum - Inverted Head and ShouldersInverted Head and Shoulders on daily chart.
Price Target - $830
XRP/BTC - Bull PennantBull pennant on daily chart. I have no position yet. I am waiting for a confirmation candle.
If it breaks bullish my price target is 0.00006
Google - Cup and HandleTextbook Cup and Handle pattern. I don't have a position here but I really like the setup.
Price Target - $2148
Gap Up to New HighsI'm a bit skeptical of the recent stock market rally, but It looks like there is still room for it to run.
The SPX broke out of a massive bull pennant on 11/9 and it has been range bound since then. Today (12/1) it gapped up to new highs.
Price target - $3900
$GRVY breakout setup with conflicting signalsAnnotated on the chart. Was it not for the heavy volume selling few days back, this would be a chart I would have a great interest in. When the pattern is giving mixed signals, i normally pass on the trade. I currently have 11 long positions on with all well in the green except 1. As such, I'll be passing on this setup but will keep it on my watch list to see how it plays out. I think a few more small body candles right below pattern resistance before the breakout takes place could give the setup higher probability of success.
$REGI 2 months continuation #HeadandShoulders setup$REGI seem to have put in today the right shoulder of its 2 month head and shoulder continuation chart pattern. The chart pattern is forming after a strong rally from the June low. A daily close above chart pattern neck line (blue line on the chart), should end this consolidation phase and send the stock on its next leg higher.
$INMD setting up #breakout entryA nice continuation #headandshoulders on the daily timeframe. Stock's relative strength made new high on Thursday and price could follow soon. A couple more days next week right below pattern resistance will be ideal and allow for any remaining supply to be absorbed before the breakout taking place.
