Please note I am using the logarithmic scale for these charts. TLRY was in a clear downtrend for 78 weeks, and has since been consolidating for 34 weeks. with highs of $300, and a current price of 7.40, this thing has huge potential for a large bounce. on the 1W chart, we have been essentially range bound since the highs and have recently broken above. Trade...
$SPY only go up from here, right? Can't go much lower with this many support lines. Am I right?
Today we bring a post about finding a similar situation to the current one in the past. Why is this useful? Because if we understand the resolution of a pattern that has already happened several times before, we can start using them to know what we want to wait for before trading. We are using a Logharitmic chart so we can see the same proportions of % bullish...
GME Signaling Potential Trend Change, new bear channel in play, see if price takes it. Entry trade at arrow, target exit marked in (X), will exit if/when price breaks bear channel.
So far AMC has shown a crazy journey, but don't expect the end soon since this is only the beginning. I'm considering AMC to go till 50$.
Buys on dogecoin till it hits the 1$mark, then another setup will come.
They said you can't chart VIX.. Charting VIX isn't useful.. Well I charted VIX.. Along with SPY and M1, and well decide for yourself, but I think we can tell where the volatility is coming from. Maybe the long vol trade will become popular!
Stocks broke past new highs, hitting our profit target. The S&P is facing resistance at 3825, and it is reasonable for it to retrace. There is not a lot of momentum to this rally as measured by the Kovach OBV. New highs should take some momentum to punch through. If we do retrace, we could find support at 3792 and 3784, which are nearby technical and Fibonacci...
On Sunday, President Trump signed a 2.3 trillion pandemic aid and spending package into law. The price reacted with a strong bullish movement, and we are close to a new ATH. The bubble goes up, and we go with the bubble. Let's see how this situation plays from a Technical Perspective in 2 timeframes. 4HS: The price reversed from a Support zone after an...
TSLA has been choppy and trading in a channel for 2 straight days now. this is mostly due to outside pressure from the non-farm payroll report, stimulus inaction, short Michael Burry. despite all the selling pressure the stock as oscillated between 590 and 595. Scaling out to the hourly view I see what looks like a bull flag forming. so if we have a breakout at...
Today we have a long setup to share. Here you will see a full explanation of it. a) We can see the price above a major Resistance zone now working as a support b) On that level, we have a corrective structure (ABC pattern), which is considered a bullish continuation pattern c) We don't have any major resistance on the way towards the all-time highs...
Today, we have a long setup to share. Here you will see a full explanation of the logic behind it. a) We always start on the weekly chart; we want to understand the main context. b) There we can see that the price has broken the previous all-time highs, and after that, a massive consolidation started c) Now, on the Daily chart, we can see that the...
These are just a few target zones for this year.
20% profit in 20 days. . Sold it at $570 I posted for you guys BELOW .How much you made ? 10%/5% / zero? Now , DON'T touch it unless you are experienced /med trader. It needs time to take it's breath . Probably the floor is $500 but for me i'm done with , I have a lot of other great stocks patterns being formed now .why would i chase a mediocre chance, gave me...
-DJI going to 44k over a 9 year economic golden era. =Major crash will occur in 2029, repeat of 1929. -Trumps going to win re-election -The idea will be invalidated if Biden wins. -Covid part 2 could stir things up. Market would honestly love it for more fake moonies. *Stonks only go up