At first we got a Bull Flag and broke with 2 resistance points . now we are getting the reversal formation when testing the top of the Bull Flag . I attached a photo showing the overall accumulation from different exchanges combined Spot and Perp , now Looking at it we can see first the blue line above in up trending direction meaning people are accumulating and...
we can see Cup & Handle pattern formation . we got a quick 2:1 risk reward . Good Luck
on 23/8 NVDA got earnings release after market close. Last time it effected MU , made here GAP UP 4.8% . from 66.5->69.5. now we got a triangle pattern on weekly chart MU -> a potential 2 to 1 profit .
On Friday ROKU reached EMA 50 and we got a reversal from there like previous times , despite SPY and market direction it just kept going up . we could see more movement to the upside
U failed to continue the uptrend and been in downtrend for couple weeks , and looks like it found her support at the previous resistance . classic pattern were resistance turns to support .
expecting an uptrend after reaching support . we are reaching at the end of the triangle
SPY broke the tunnel and retested it from below , we could see a downtrend today due chart pattern in addition, we got FOMC today that might shake the things up . will keep watching , if we finish downtrading today we might test the 437 and even 431
A clear pattern of HEAD & SHOULDRS PATTERN . From here we can expect it to get down below the EMA 50 and find some support at 411 , we could expect a small pullback above the 411 then break the support and go below the 411. Always remember that stocks follow SPY direction and movement. you can see more info on SPY movement on my profile here.
SPY upcoming movement. i would a clear trend this week , because we are in the third week of the month = options expiration date . stocks tend to have clearer direction
we can see a clear tunnel for SPY 1D candles . couple options from here : 1)we would see it continue up trending with the tunnel 2)we would see a retest on the EMA 50 and from there we go up. 3)EMA 50 FAILS -> and we can expect and support around 431
An potential uptrend , time will tell