Simple setup with first pt at 136.5 and final around 143
Engulfing candle signals more downside room potentially to daily gap fill down to 468, 467 and 465 area. Break below and it'll see 456.50
Needs a daily close above $2.65 and can easily fill the first small gap into the low $3s and potentially make a bigger move up into the high EUROTLX:4S
Daily gap fill play with a first pt @ 20.00 and a total fill of 21.50
BTC / USD bull flag and cup and handle patterns on the weekly timeframe. Has upside price targets of FWB:98K and $122k respectfully.
Stock has dropped almost 40% from it's ATH into a pennant into earnings. Short sellers would be insane not to cover on any good news or if sentiment just stops getting worse. Tech as a whole looks due for a bounce, AMD was a bottom indicator in 2023, could do it again in 2024. Upside price targets are 155, if through then 200 Stop loss = breakdown of the pennant
Has a gap to fill quite far down but bears look hungry to take this one down after a great run so far in 2024
- 3 Failed tests on 4h timeframe - Price breakdown (hourly bear flag) - Price targets: 5226.75, 5153.75, trailing stop - Stop Loss: 5350 (break into ATHs)
- Strong rejection of a key level - Bearish structure formed at top of range - Possible exhausted bull run?
Parabolic run most likely triggered by spike in utilities as those who missed the AI bubble wanted to find an underlayer to get returns in. Downside price targets of: 158.69, 134.03, trail stop for the rest
Two bearish patterns within a big structure could signal a big move to the downside. - BTC itself doesn't look too strong as of this post and they are somewhat correlated by algos - Twitter pumpers out in full force as well Price Targets: 14.33 and 10.32 if things get really bad
Classic trend reversal retracement -Bear flag directly into one of the last imbalances (on 30m timeframe) - Breakdown to 393 area very possible in the next month or two - ~10% drop from current levels, would put QQQ squarely in correction territory - Upside is that 393 area looks to be a very strong (and fresh) support
NQ Futures could be trying to setup an ascending triangle to catch bears short at the bottom with major upside potential with a breakout and confirm. Will almost certainly coincide with data/news that will either play out a bear trap or a bull trap on the same timeframe for the next let the market takes. Often these patterns forming at the bottom of a range end...
Visual update from previous idea "NQ Hourly Megaphone"
Bullish consolidation on hourly timeframe, may coincide with data releases for breakout/breakdown
NVDA 1h bull flag with push to pysch level of 700 as price target
Just as in 2002-2003 when America invaded Iraq looking for WMDs (emphasis on the W). George W Bush (again, W) went to eliminate WMDs in Iraq. When said WMDs were not found, it was time to short the Iraq war. However there is a long and profitable path before us until our lies are exposed and we would be fools to not take advantage of this opportunity. We have the...
Contrary to the NQ futures, QQQ is printing a bull flag that if broken to the upside will continue to push back to 380s