Consistent_Trades

Consistent_Trades

NVDA broke several bearish patterns and is ready for a major drop together with the whole market. It breaks down from a "symmetrical triangle" (not the best one but okay) and even better it breaks down from its neckline from a bearish pattern of Head and shoulder. Volemu 100% confirms pattern SHS as it is strong on the shoulders and head area. The first stop...

Consistent_Trades

The S&P 500 index is currently poised at the precipice of what could be its most significant drop in 2023. It is forming a low base, indicative of a bearish continuation pattern, right at a major trendline and the 200-day moving average, also referred to as the BigRed. If and when the S&P 500 breaks through this robust support, it could trigger a substantial...

Consistent_Trades Updated 

SPY (S&P 500 ETF) is currently facing significant challenges and there is a substantial possibility of it experiencing a collapse in the near future, days. This is indicated by the emergence of a troubling Head and Shoulders pattern, which is a reversal pattern. Notably, there was a substantial engulfing candlestick formation accompanied by high trading volume...

Consistent_Trades Updated 

The Dow Jones Industrial Average (DJIA) is currently positioned at a significant support line stemming from a bearish pattern known as a rising wedge. Yesterday, it rebounded from this support line, but it is crucial to observe a stronger upward movement to maintain its position above this level. If the DJIA breaks below this lower trend line, it will invalidate...

Consistent_Trades Updated 

Bitcoin is facing a serious issue; sell your Bitcoin before a major crash occurs. Bitcoin has broken a bearish pattern known as a rising wedge, indicating a potential substantial price drop. On the weekly chart, this pattern break is even more pronounced, suggesting several negative weeks for Bitcoin ahead. Both RSI and MACD are in oversold territory, indicating...

Consistent_Trades Updated 

ADA has recently bounced healthily after the FTX collapse and is now consolidating below a powerful resistance level. This resistance has been significant since it began to form in April 2018 and has acted as both a support and resistance level throughout 2021 and during a descending triangle from May to October 2022. Despite multiple attempts to break through...

Consistent_Trades

The price chart for DOT is currently exhibiting a descending triangle pattern, forming at the conclusion of a downtrend. This pattern is commonly interpreted as a bearish continuation signal. Should DOT breach the support line, which also coincides with the horizontal lower trend line, it could create a scenario where the price falls below $1. At present, the...

Consistent_Trades

XLF's trajectory is akin to that of IWM, with the primary distinction being the emergence of a 'death hook' pattern on a notably larger chart. This amplification in scale should, in theory, enhance the pattern's precision. Compounding the challenges for this sector, the price has dropped below both the 50-day and 200-day moving averages (MAs) with apparent ease....

Consistent_Trades

"The Russell 2000 index (IWM) is currently displaying a weak and bearish pattern. After a significant downward move, IWM formed a substantial symmetrical triangle, which is typically considered a bearish pattern, often referred to as a bearish pennant. Around mid-July, the index broke out to the upside from this symmetrical triangle, marked with a circle. At...

Consistent_Trades Updated 

On the weekly chart, the DXY (U.S. Dollar Index) appears to be breaking out of a potentially strong bullish pattern known as a falling wedge. This week is crucial for DXY's performance for the rest of the year. If it closes the weak above the upper trend line of the falling wedge, it may indicate a significant breakout and potentially lead to a powerful and...

Consistent_Trades

NVDA, after experiencing a significant increase and potential false hype (the company's CEO has already stated that it will be challenging to reach $11 billion in the second quarter), appears to be forming a Head and Shoulders (H&S) bearish reversal pattern. The decrease in volume can be considered a positive sign for bulls as it indicates...

Consistent_Trades Updated 

AMD is currently facing a real problem as it is forming a rising wedge, which is a bearish pattern. If the price breaks below the blue dotted line, it would trigger a short position with the initial target at the blue line, which represents the 50-day moving average (MA). Yesterday, there was a significant bearish reversal candlestick pattern known as an...

Consistent_Trades Updated 

META has been experiencing significant upward momentum over the past six months. However, it's important to note that this move is not supported by the financial report and may be driven by factors such as stock buybacks and the AI market hype. The stock is currently in a large upward channel and has formed a rising wedge pattern within it. If the price breaks...

Consistent_Trades

IFF is showing signs of a potential continuation in its downward movement. After a significant drop, the stock has entered a consolidation phase and is forming a bearish continuation pattern known as a bear pennant or symmetrical triangle. If the price breaks below the blue dotted line, it would trigger a short position, signaling a potential further decline....

Consistent_Trades

EXR has been experiencing a downtrend over the past three months, but it is now forming a strong bullish reversal pattern known as a falling wedge. If the price breaks above the blue dotted line, it would trigger a long position. The relative strength index (RSI) is showing bullish or positive divergences, indicating that the price may move up. Additionally, the...

Consistent_Trades

CCI has experienced a significant drop but has managed to recover slightly. However, the recovery is not strong, and it appears to be forming a bear pullback/bear flag pattern. This pattern suggests that the upward movement is likely to be a temporary correction within the larger bearish trend. A potential short position can be activated if the price breaks below...

Consistent_Trades Updated 

The DJIA (Dow Jones Industrial Average) is in a huge symmetrical triangle and is poised for a massive move either up or down. There is no more space within the triangle to remain undecided about the direction of the move. Both the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are near the centerline, confirming that we are ready...

Consistent_Trades

BABA is in a falling wedge, a bullish reversal pattern if and when breaks out of it. At the moment there is a lot of strong resistance but if BABA somehow manages to go through them it would be extremely bullish for stock for several weeks. Around 88$ there are 50 and 200 days MA which will act as resistance. There is also a smaller and bigger trend line from...