CHTradingGroup

CHTradingGroup

$LAC Looks like a cup and handle breakout. Target is the orange box.

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The bull pennant on $DISH first identified in August on Twitter seems to finally be getting some traction. Target is the orange box.

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This well-defined ascending triangle on $PYPL suggests that we target the upper trend line

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This bull pennant should get us to the target range above us

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As with so many growth stocks that were pumped to the gills last year and then subsequently destroyed this year, $Z has the familiar falling wedge displaying itself in so many places. I expect it to break out soon and a conservative first target is noted.

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$FMC has reacted in the 50-61.8% retracement zone of the rally off the March 2020 lows. It has done so in a 3-swing move so it may be an entirely completed correction, a 1-2 of significant degree. A reasonably conservative first target is the 50-61.8% retracement of the correction, though it may eventually go significantly higher than that.

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$SKLZ should, at a minimum, soon get a strong 30% technical bounce from its current levels. At a minimum, I expect a rally to the orange box. It may also be ending the entire decline from February onwards, but I will remain conservative here and only aim for the initial move for the moment.

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$NKLA has found support once again in the $9.50 area and it is running out of room beneath the overhead trend line. I am expecting a rally to the target box at some point soon.

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$PLATINUM has formed a falling wedge with divergence and has come to retest the 13-year trend line that it broke out through earlier this year. I have two targets.

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A successful breakout of this bullish wedge on $AI targets (initially) the orange box.

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$OIL has produced multiple bullish structures. 1. Bull flag (green) 2. Inverse head and shoulders (red) 3. And a probe above a multi-year channel is at hand (orange) The inverse measured move is noted, though I expect it will ultimately go higher than that.

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$COPPER has produced an inverse head and shoulders pattern and looks to have tested the neckline. If this pattern plays out, it should see about an 7% rally.

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So long as it can remain above its May low, it risks giving us another "Kodak moment." Divergence and local trend line support (so far) look good here.

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Ethereum update. I expect it to sell off a bit and if it finds support on the orange box, to then rally to all-time highs.

CHTradingGroup Updated 

Lumber may have completed a corrective structure (counts well as one). Unknown whether it is the first of two legs, or two legs already complete. Conservative interpretation thus aims for a 3-wave move to the orange box from here.

CHTradingGroup

Today’s rally on $ES was important from a technical point of view because it was followed by a lower low. The structure of this matters (on my interpretation) because it can be interpreted as an incomplete correction. Today’s rally serves as a “connector” between two legs of a correction (in the bullish case) and we wouldn’t typically expect the first leg—which...

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$EEM Massive bull wedge on verge of breakout. I post a limited number of posts publicly, but many more on my private Twitter feed. Be sure to check it out if you're interested.

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$TLRY has a well-formed bullish wedge. There are two targets based on this structure.