As you can see, History repeats itself. To my technical eye, The S&P is loosing momentum at a price of major resistance AND(+) a Major trend line where price has previously ended its bull rally to return to its overall bear market downtrend. Second possibility attached. I see The S&P returning to the 350's if not much much lower. Its divergent sister, the VIX is...
CAT short below $230 (trend line break) to fill the major gap at $207. started to loose momentum already could still have a lil more room to the upside though. If she cannot fully break above AND hold $240 ill be looking for a return to $200. Simple
Just a simple trend line break and retest partnered with a previous break of a major level followed by a retracement back to said level . Complete MARKET STRUCTURE setup no indicators. Looking for price to return to , you be the judge.
Falling wedge forming to retest previous resistance. Expecting the zone to swap from resistance to support. Added confluence for this price action would be the trend line starting from August of this year expecting it to hold BUT if it breaks will be looking for it to continue to the downside aka a new trend.
Bearish on CATERPILLAR INC. Price just reached a previous support zone and failed to break above so Im going to assume it will act as a resistance zone and be looking for this to playout as a large retest after its previous rally. Usually this rising wedge pattern plays out by returning back to the bottom but with the $VIX being $2 short of $30 I womt assume...
Bearish on $META below 137 until 123 unless break AND hold above 143. $VIX is also showing bullish context to comfirm this $META bear flag (failure to go lower) @ Weekly level 137. Would take majority of profit off the table at $128.71 because their may be a pullback to retest around 135.
What you see here is TSLA in somewhat of a range after repeatedly failing to create a higher high on larger timeframes. Look out for the retest of 280/281 for another small drop with potential of a larger drop. Although I am confident in the short term drop of tesla I do not believe that a bull run starting between 260 and 266 is impossible due to the volume of...
Here I have market off major zones where price tends to retrace too before a major change of direction. You may also notice the rising wedge headed back that has already started playing itself out. This move will happen over a short period of time. I say this because once enough selling pressure has been established, buyers will fearfully close their longs...
Let me know your personal opinions! This is long term of course but we are currently still in a bear market so beware more downside is always a possibility.
Nvidia back at a all time LOW + DEMAND zone price previously, violently reacted too on multiple occasions along side an INVERSE HEAD & SHOULDERS pattern that corresponds with the demand zone. News recently dropped price pretty nicely which should catch the eye of investors because who does'nt love a discount? Im looking at this for long term and short term but...