Erictaylor

Erictaylor

This could be a long stretch. We discussed this pattern a month back or so but it didn’t progress as fast as I hoped. Now we have earning tomrorow. Market def reacted pretty badly to the fact of no rate hike pauses. THis could be the signal for a more bearish sentiment to progress however apple earnings are also tomrorow. There should be some serious market...

Erictaylor

This stock has been weak since earnings. We had considlation from 325-335 for a solid week after the earnings drop to 300 Howver we finally failed 325 abs dropped back to retest the same 316 support area. We tested it yeateday at close and today at open. It is showing some solid support for now howverr even off the rally today potential double bottom setup, we...

Erictaylor

Here’s my overall weekly shib chart Since testing the 960 low, shib had a decent rally back to what I’m now looking at as a key downtrendinf roetsance around 1400ish Before shibs sweet rally from the 800 lows, we found key support on the lower support line of what I’m drawing as a large considlation pattern potential. We have now came back in after sideways...

Erictaylor

Could be forming a rising brodening wedge here. Starting to look more likely. We have key support at 27k short/ mid term. Howver if we fail to break and hold above recent high a pull back towards 22.6 could Be likely. We should see bounces within the potential drop likely around 25k and 24k which is pretty solid support. Also a potential reason why this may...

Erictaylor

Coming back into the old high of 168.16. As we come up I contiue to watch this rsi potential pattern as it could call the apple top here I am going to potentially defend the old high but I have an idea of this risifnwedhe to also hood roetsance which gives a high of 169 which could also allow 4 hour rsi to extend up a bit more and hit this downtrend reistance ...

Erictaylor

With Amazon earnings around the corner the risk is a bit higher as we don’t know how this will play out. Howverr if we are strictly looking at charts we had a rising channel on spy that broke down. We were chartinf out a head and shoulders on spy potential with high of 412.70s being a level Personally I’m going to be watching this 412.20-412.70 area as a short...

Erictaylor

Hit the targeted move to downside out of rising wedge breakdown. Target of breakdown was 405.92. That could build for another bounce up. depending how market holds up after Msft and goog bounce this could align spy to build a larger head and shoulders pattern. Upside target for now 410 which was reistance prior. To as high as 412.63 if we came to same high as...

Erictaylor

I’m eyeing that is a head and shoulders on 1 Hour. Curently 166.30 remains reistance but 50 ema in 1 hour 165.70. I’m in short from morning pop. This isn’t confirmed but I am looking at a flat neckline of 163.80. If we break and hold That below it’s a trend break and neckline break. First target of this pattern would Be 159.70 for potential first bounce.

Erictaylor

Alt bought the targeted move of breakdown is 130$ we can still see bounces in this trend. Market is breaking lows but Tesla is holding up. If we can clear and hold 162 as supprt we can see 164 today. A break and hold of 164 id look for a 169 high. If we break 160 then this will contiue down. It’s a 1$ risk here in my opinion. I’m not fully bullish Tesla at all I...

Erictaylor

Big earnings this week and a lot of big tech looking ready to crack agyer monster runs up towards key reistance levels. Almost all tech is at key key reistance into earnings. Spy if we crack 410 and flip to reistance this will be the first warning shot We have been struggling to clear 413 for a while here now and only a matter of time for mometum to run thin if...

Erictaylor

I shorted baba yeateday at 94.40 and rode it down to 90.50. I closed. My thesis here is prior to pumo to 105$ we had a tripple wick to 88.17/88.25 This is a huge potential support if we can flip this here. Seems logical to go long at this level I am in calls 91$ calls out for may. I think as long as we hold 88$ as support this idea is valid. A breakdown of...

Erictaylor

410.30 is holding as support. Overall risinf trend channel with a curently a 15 min and hourly symetrical trinagle at the low end of this supprt. It’s hard to tell which direction but we have had some bearish pushes into this pattern which could lead towards a breakdown. If we can pop above 413 and hold this will be a breakout but a drop and hold below 410.30...

Erictaylor

AI has found its self at the lower support of the trend. 20.42. Starting o look like a flat bottom support. This is a bearish setup. We were long a while back and we took profits in the 32s but Ai has now shown a breakout and bearish fakeout. Back at the same support. Bulls are buying this support up but in my veiw it’s on the verge of a large breakdown. For...

Erictaylor

Huge reistance around 42$ as we come up here to backtest the bear flag breakdown. Based off this pattern if we confirm the reistance retest. Kiss of death … target off this bear flag is 23$. If we just measure the width of the bearish uptrending channel as a breakdown then the target is 32$ c either way this will take some time to play out so if we short 42 and go...

Erictaylor

Earnings tomrorow this is going to be huge. Looks like a huge bull peannat setup could be bulish as fuck or it could repeat October 2 2022 earnings. What is to come ? 186.35 is a key area Tesla needs to flip to support. Above that critical 191.50 needs to breakout as well. And then we have monster reistance between 207/214. 176.40 and 180 are 2 key supports...

Erictaylor

This is time to pay close attention. We have had a sideways range on SOL for a while. Could be bullish considlation for sure but 25.55 are has been a huge struggle. If we pop above we still need to see a confirmed hold above this level as new support until then shortinf this level can pay out. If we short it we ave to keep stops above 27$ area looking for Take...

Erictaylor

As nasdaq contiues to struggle the monthly 21 ema as reistance it’s time to get cautious. Although price looks very bullish here and I can agree. We also have to pay attention Becuase these levels are extreme levels of potential bear market reistance setups The Nasdaq doesn’t have as much data in monthly as spy so it’s harder to really make A comparison. At...

Erictaylor

At critical reistance again this 11.40-11.75 area is absolutly massive. Although we have a potential of a bullish ascending triangle built here that could Cause for a very big breakout, we have struggled at this level so it’s time to pay close attention. If we fail to break and hold a full daily candle open and close above 11.40 we could be in a bearish pattern. ...