ChartHouse_

ChartHouse_ Updated 

A reversal in the making . reasons to take the trade reversal for long: 1)Uptrending 2)doji at 4H time frame + increase in volume 3) close to support at 1.368

ChartHouse_

I am still optimistic that we will see a reversal from here , the SPOT accumulation is still high showing us that most people that bought are still holding . As long as the SPOT line stays above the PERP line & the Bull Flag support not broken -> i am bullish .

ChartHouse_ Updated 

as we see in the chart , we are near the reversal area . if it breaks the support at 74.5 ~ -> get out . potential 30% profit in here . *Be aware that this week at 25/8 we got Powell speech which may effects the market direction . Not an financial advisor .

ChartHouse_

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...

ChartHouse_

we can see Cup & Handle pattern formation . we got a quick 2:1 risk reward . Good Luck

ChartHouse_ Updated 

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 .

ChartHouse_ Updated 

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

ChartHouse_ Updated 

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 .

ChartHouse_

expecting an uptrend after reaching support . we are reaching at the end of the triangle

ChartHouse_

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

ChartHouse_

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.

ChartHouse_

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

ChartHouse_

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

ChartHouse_

look at my prev idea

ChartHouse_

are we seeing resistance at 1320?

ChartHouse_

An potential uptrend , time will tell