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Symmetrical_triangle

Bullish- Triangle breakout (Update)Big symmetrical triangle forming on CVS here heading into earnings, Held the 50-day Moving Average nicely and currently sitting right on its 50day EMA, MACD just crossed, and Bollinger bands are also squeezing as well (Not Pictured)- Bullish and will be looking for a breakout - Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones PT1- $84.93 PT2- $85.84 PT3- $8641+ Previous Charts
NYSE:CVSLong
by jacobosiason7
2
Falling Wedge- BullishBig falling wedge on CAT here after breaking below the symmetrical triangle it was previously holding, big gap to fill on the upside, and some slight bullish divergence on the RSI. Watching CAT closely here for a breakout from this wedge (Broader Market Conditions Permitting). Bullish- just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on. CAT is a relatively slow mover so likely will be a longer-term play- PT1- $193.95 PT2- $199.72 PT3- $200.08 (Gap Fill) + Breakout
NYSE:CATLong
by jacobosiason7
2
Symmetrical Triangle - UpdateBeen a while since I've posted an updated chart on ETH so please see previous charts in description below- Frankly ETH is looking quite nice at the moment holding a big symmetrical triangle on the 4-hour timeframe- - Reclaimed the 50day EMA and others starting to curl upwards - Bullish Gartley Harmonic Formed - Bullish divergence on the RSI - MACD Cross on the 2-hour & shorter timeframes - Buyer volume increasing creative to seller - Just some FIB levels and RSI-based supply and demand zones to keep an eye on- Personally am bullish and holding long term but watching for a breakout from this triangle Previous Charts- June 19' June 5' May 16'
KRAKEN:ETHUSDLong
by jacobosiason7
Same formation as previous breakout - Update- See previous charts below- (ICLN & TAN charts below as well) -------- Just posting a quick update as I just noticed this, almost the same exact formation and trend now as the weeks preceding ENPH's last run- All previous price targets reached and the gap on the upside has been filled. However, am very bullish on ENPH here. Would like to see ENPH start to outperform the solar installation companies such as RUN NOVA etc. nonetheless, ENPH sitting right on the 200day EMA, yet again acting as a strong support level. Additionally, interesting to note that where the previous symmetrical triangle on ENPH converged acted as strong support where ENPH took a nice bounce. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - See previous charts below as well as charts on ICLN & TAN - 20-day RSI EMA cross (not pictured)
NASDAQ:ENPHLong
by jacobosiason7
3
Symmetrical Triangle - Watching closelyCVS coming to the end of a big symmetrical triangle and frankly looking quite nice here. Held the 50-day Moving Average nicely and a nice spike in buyer volume EOD on Friday- with buyer volume should pop (Broader Market Conditions Permitting). Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones - Bullish and will be looking for a breakout from this triangle PT1- $84.93 PT2- $85.84 PT3- $8641+
NYSE:CVSLong
by jacobosiason7
1
Update- see previous chartsTSLA is forming quite a large rising wedge (Bearish) on its yearly chart after breaking out of the symmetrical triangle (see previous chart), which was preceded by TSLA breaking below the bear flag above. While TSLA did close on Friday sitting right on its 50-day EMA there is also a Bearish Gartley harmonic on the 4-hour timeframe (not pictured). Definitely will be keeping a close eye on TSLA in the coming weeks for potential long-term entries- just an updated chart with some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on ----------- TSLA closed on Friday sitting right on its 200-day SMA. It previously broke below the bear flag to test a long-term uptrend line, while simultaneously forming what appears to be another bear flag / rising wedge ( bearish ) going into earnings on 7/26'. If this long-term uptrend line is broken, TSLA could see sub $600 especially if the broader markets continue pulling back. Will be keeping a close eye on TSLA here for potential long entries.
NASDAQ:TSLALong
by jacobosiason7