If SPY fails to push higher over the next couple of days, it will look like a Head and Shoulders (H&S) pattern. That could signal a directional move downwards is in the works (red arrow). In case this warning is correct and it makes another lower low (dotted line), traders will be estimating the potential profit and stop-loss probabilities for a complex bounce off...
This might look like a bottom pattern but use own diligence. *Not trading advice*. What do we have here? Expanding wedge. This chart is upside-down, let's say, to remove bias... Price hasn't broken down below, at this writing. So maybe it holds? The graph could range along the bottom for up to a week if this is anything like the prior event highlighted on the...
DDS is headed for the little, red box. This is a key consolidation level. The previous quick selloff stopped here, so prices will likely return. Also, there are many trap options due to expire in the box. It will probably do a couple of small hops before reaching the target.
This should be an interesting trade. Expect overcorrection because this stock is volatile. Maybe test with a small amount at a higher point (2) and put a joke stop-loss order somewhere around $20, fully hoping MMs take it out. Do not put a limit order down there or prices will never go down to that point. Instead, drop a market buy or complex option spread right...
Domino's Pizza (DPZ) pushed up through the downtrend that started in June and is perhaps ready to bounce off the top of the trend for the holiday and game season. Reasoning: The overall market was having a tough time yesterday, creating a lot of opportunities. As prices recover (or not), many stocks could follow. Of course, this is just an idea. I could be...
OXY could be headed for the little, red boxes. How do I know? It's very simple. So I noticed a pattern of options expiring at resistance or support. The red boxes are options expiration dates. The hypothesis of this experiment is to plot options expiration dates against key support and resistance levels along a predetermined path extrapolated from earlier moves.
This is just an idea about where I think prices are headed based on support and resistance, along with my new indicator that suggests gaps to be filled between 292 and 295.
This Candle Length Average Multi-timeframe (CLAM) indicator started as an experiment to try to filter out market noise and spot signals others are missing. Understanding exactly what it is showing is a work in progress. The histogram is plotting a fast trend of candle lengths, positive or negative. It is an average of open-close cross using the triple-ema (TEMA)...
Major moves tend to pause with a small, opposing line break, and then continue on. Is this situation any different? #linebreakcharts
Something in the chart has been signaling that BTC is going down in spite of the hype. It seemed reasonable that it might bounce back, at least to 9K. Now the outlook doesn't even look that good. On the one hand, it would be nice for the promoters to exit on a bounce. To go short from higher up. But there is no need to mislead everyone. Halving, news, indicators,...
Heikin Ashi candles work best with the Candle Length Average Multi-timeframe (CLAM) indicator. When CLAM diverges after major moves, it means a support or resistance level has been hit and prices are stuck or trending away. Divergence can go on for days. CLAM merely shows where prices should be going if the previous trend is in continuation. If the long-term...
This sort of sums up all the targets being called out from on high, but in a way that combines fractal flipping, chart patterns, and waves. We were all expecting something big on September 11, but nothing happened. Or maybe BTC flipped again. The flip traces sort of a mirror image of previous prices. Looking at a chart patterns site, it was intuitive to visualize...
What fortune telling do fractals have for us? Using the Bars Pattern, the whole movement can be condensed down and overlayed across the recent upswing. If we do that, there is this most recent leg sticking down. It's as if it is trying to tell us something. If that leg were lengthened to be as long as it should be to complete the larger pattern, it lines up with...
Every once in a while, crypto has done what they call a "bart," where prices jump to another level for a sustained period, and then move suddenly back to what would have been the original trend. The pattern is named for its resemblance to the head of Bart Sipson, a popular U.S. cartoon character. The chart image accompanying this idea is what such a move might...
If price and volume don't break triangle @ 13K, a scenario like this could play out... Either way, fib circle hints that July 4, 2021 is the birth of a new nation of speculation. Possible long to 13K, then consider carefully a higher place to short from. Where? Maybe where other traders are putting their stop loss--I don't know. This isn't rocket science. It's...
Notice a repeating pattern here?