Consistent_Trades

Consistent_Trades

AMZN is ready for a major drop. Friday it formed a bearish reversal candle shooting star. The last two trading day was on a lower volume than 20 days average volume which is bearish. RSI has huge negative bearish divergences and is pointing to a drop. MACD also formed bearish divergences. Everything is pointing there is no more energy for the continuation of...

Consistent_Trades Updated 

AAPL is in a huge rising wedge. If this bearish pattern is broken, the downside targets for APPL are T1 160 which is 50 days MA, and T2 150 where BigRed aka 200 days SMA. On this level there could be only short-lived bounces. There are substantial bearish divergences on both RSI and MACD signaling end of rise is near or here. Also, AAPL stopped on the...

Consistent_Trades

DXY breaks out of the falling wedge and finished weak very strong. The bottom is in! Friday finished above all areas of resistance and over 50 days MA. Positive aka bullish divergences started to play out and move the dollar up. Also, DXY breaks our of the bullish reversal pattern Inverted Head and shoulder or better say passed it neck line. First target in...

Consistent_Trades

Gold is about to crash hard. It is forming a bearish reversal rising wedge pattern and for today (Friday 12 May) it's breaking down from it. Very bad sign for the Bulls. Also, it formed a shooting star reversal pattern at the top of the leg, which is a bearish signal. In the end, RSI is confirming weakness in the price with huge bearish divergences. Conclusion...

Consistent_Trades

QQQ is forming a huge rising wedge which will likely cause a major market crash. Huge bearish aka negative divergences showing there is no more power for up move and indicate a strong drop in front of us. Conclusion - QQQ is hours or days from the major crash which will bring the whole market down. Chances for continuation up are less than 20%

Consistent_Trades

JPM looks weak. Some are saying we are going to ATH, JPM will save the banks and etc I can say only two things: I see it is forming a mega Head and Shoulder pattern and it is forming a lower high and lower low.. Therefore I can't be bullish on it in any case. However with huge volume and strong move above the "Head" of the pattern I could say it is forming...

Consistent_Trades Updated 

JPM did drop out of the rising wedge and once again show how rising wedge and falling wedge are very powerful patterns, I would say the most powerful trading patterns. JPM needs to consolidate a little bit more before the next move. For bears would be best to consolidate for several more days above BigRed and then start to drop like a stone below it. For bulls I...

Consistent_Trades Updated 

TSLA break out of the trinagle. Volume on the break was bigger than 20 days average volume. RSI and MACD are heading lower which is bearish. Not much to say. If TSLA doesn't heal itself (meaning a return to triangle and start heading higher on nice volume) in the next 2 trading days vising of the bottom will be almost certain!

Consistent_Trades

NVDA drops out of the rising wedge. RSI and MACD are overbought and have huge, giants negative divergences. Not only rising wedge is broken, but NVDA also crosses below the neckline from its Head and Shoulder bearish formation. The first target is the support area and the second BigRed! Yesterday after dropping out of the line, I enter in remaining 50% in a...

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XLF is yet again in a rising wedge. It seems financials like rising wedges :) XLF is rising on lower volume which is very bearish, especially after such a strong drop which indicates more pain to come. RSI did recover after oversold territory. Everything is set for JPM report tomorrow. If the rising wedge falls out, first target is blue dotted line and if that...

Consistent_Trades Updated 

MARA weekly is currently in a falling wedge pattern on the weekly chart, which is a bullish pattern when broken. Although MARA could easily break out of the pattern next week, as Bitcoin and the overall market are expected to continue lower, it will be difficult for MARA to move in the opposite direction. The report at the end of the month may provide some...

Consistent_Trades

SPY is a symmetrical triangle after the leg down which is bearish. It found resistance yesterday and drop right away. Volume is weak on both sides so it is still neutral. On the other side, it is forming a huge Head and shoulder bearish reversal pater which if triggered will cause a massive drop in SPY with targets well below 2022 lows. However, if SPY somehow...

Consistent_Trades Updated 

SOL had a nice and strong oversold bounce from lows and has now found resistance at the block area and the BigRed. Whether Solana can break through that resistance remains to be seen, but the chances are not the best. This area is protected by the all-mighty Gandalf :)), so it could be broken only after a long and healthy consolidation on this level, especially...

Consistent_Trades Updated 

DXY seems it is forming a very powerful bullish reversal pattern on daily and weekly charts. The Buy area is just great at this level with a stop loss just below the last low as there would be my personal invalidation line for this pattern. For this pattern to be triggered DXY need to break 106 which is far away from here, but from risk to rewards stand of point...

Consistent_Trades

QQQ daily is forming a powerful formation. A double-top reversal pattern will destroy any survival bull in the market. Will not write to much, I will just repeat what my mentor said in 2007 while a lot of people made fun of him. Folks this is forming M for murder, double top reversal pattern. Just be aware of how powerful and strong a drop will almost...

Consistent_Trades Updated 

SPY after a major drop found support in the block area of support. Bounce was strong with a nice volume. And now SPY did find resistance at a major level which according to my analysis won't break so easily or better say won't break at all. There is an old and powerful trendline from 2022 and also there is BigRed or 200 days MA. That area of resistance will be too...

Consistent_Trades Updated 

As soon as USA announced last stimulus plan which will help DXY to move little bit lower (86-88) and to finished corrective wave 4, it will start its way up towards 120-130 area. If this played out like this, and it is very likely it will, it will have massive impact on stock, oil, crypto and when you check stocks and crypto we can see great correlation in those...

Consistent_Trades

NVDA is in a huge rising wedge and is extremely overbought. The worst thing of all is NVDA is bearish fundamental stock with no bright future. NVDA did only rise more than 150% because of lies about AI. AI here AI there, and now when the last mom-and-pop retail traders bought at the top we are ready for the major collapse of price. Furthermore, it formed a...