Looks like the market has topped. There are nasty patterns on most of the semiconductors. Rest of the market has already began the descent. It will be disgusting
looking sloppy: The chart appears to be setting up for a potential move downward in the near future. Multiple confluent technical signals across different time frames suggest the recent upward move may have completed. On the daily chart, key resistance levels have held and momentum indicators like RSI are showing bearish divergences. Zooming out to the weekly and...
The chart appears to be setting up for a potential move downward in the near future. Multiple confluent technical signals across different time frames suggest the recent upward move may have completed. On the daily chart, key resistance levels have held and momentum indicators like RSI are showing bearish divergences. Zooming out to the weekly and monthly time...
Bear flag has completed on the spread. Rebound is possible soon.
Looking for confluence on spreads vs TSLA. Chose three random tickers.
Trying some lotto puts on FDX. Move should be done when confluence is reached on the spreads. These were the cleanest I could find.
I took all of the major bearish structures that are present on BTCUSD and estimated the second impulse down with the curved dashed lines. These are just meant to measure range and not show trajectory. The horizontal, trend lines, and curved lines are grouped by color. The first impulse dashed lines and the potential second impulse lines are the same, just copied...
On the left is GOLD and the right is the spread of GOLD vs DXY. I am watching these levels for completion of bullish structures. I highlighted the areas of the first impulse and copied it to estimate the resistance areas from the breakouts. Would like to see confluence between the level of the GOLD/DXY spread and some level of GOLD.
Looks like MSFT is near a triple top or rising wedge pattern. The Triple Top is a widely recognized technical analysis pattern that signals a potential reversal from an uptrend to a downtrend in the stock market. This bearish pattern is characterized by three distinct peaks, which occur at approximately the same price level, following a sustained uptrend. As the...
The algos have painted a beautiful picture with these candles. I took the ratio of ULTA and TGT and I highlighted the areas that I think correspond in each structure. If this trend line does not break to the upside then I would like to see a steeper move than the previous impulse down.
Watching for collapse after break of bottom of the wedge. Looking for it to move to the range highlighted in gold. Opened some long puts at open.
Took most of the bearish structures and tried to estimate the measured move for the 2nd impulse. The red lines are what I am focused on. Trying to be greedy and would prefer for this to move to somewhere near the yellow box. But this could get really nasty. There are still large impulses that could complete near the black and yellow horizontal lines.
I took the ratio of the various VIX durations and saw this pattern that looks similar to February 2020. Watching for a break of the trendline and then a worst case scenario could be a measured move of the first impulse from March 2020 to the top zone. This would be a complete market meltdown. Low probability, however.
Watching these areas for a potential bounce. Below red could be dangerous.
Just sketching some shapes to see how similar the patterns are compared to march 2020 on BTC . Trend line between two major drops and fibs line up somewhat. Watching for a bounce near the black trendline.
Sketched some levels key that would complete a few of the bearish structures present on the BNB chart. The curved dashed lines are meant to measure the log-scale range of the first impulse and are not for trajectory.
Was looking through SPY on different time frames and noticed that the crashes of 2001 and 2008 also have these two green bars present. Could be a sign of what is to come or I am just seeing things. The bear flag is easier to spot on this time frame and the structure could complete in the 250 area.
NVDA is trapped and it must break out soon. Downside is more likely than up. I expect a sharp drop and a retest the yellow area if it does.