Made a consolidation box, broke a downtrend line, broke below weekly level, made a head & shoulder pattern, broke below, filled a gap and pushed back down, broke below my daily key level while also respecting the fibonacci level, while also fulfilling the same range it created for the width of the head of the head & shoulder pattern.
My analysis was correct, but I closed out due to my emotions being high right after a loss I took prior to me getting in the trade. Price rejected off the 50% fibonacci level, broke the counter trend line it made on the 4HR timeframe, and gave me a break and retest below the 200EMA. If I would have held it longer and trusted my analysis then I would have received...
Initially I was under the impression that price was going to continue back upward due to higher timeframe candles, but later realized the heavy rejection on the 50% fibonacci level at a daily key level. Price gave me a very strong and big wick on the 4HR candlestick showing that buyers lost the battle to the sellers. So I went to the daily timeframe to see the...
Saw price was ranging on higher timeframe, dropped to the 4HR and 1HR to find price made a mini trend line inside of the range, broke the trend and took it down to the take profit level. Easy win off of the basics.
Took the trade due to seeing a weekly double top pattern, small break below a weekly key level as well a mini trend line. Price ended up reversing and respecting the weekly support level all week and rejecting off of it, so I closed my entry after a clear indication of price not wanting to break through to the downside.
Saw NVDA was extremely bullish for the previous 2 weeks with nom signs of breathing. Price reacted to a strong daily key level signifying a retracement coming soon. Made a uptrend trend line on the 1HR and 4HR timeframe, price broke below at market close on the previous day, formed 3 lower highs and a retest off the trend line break on the 1HR timeframe. Shorted...
Saw multiple confluences on higher timeframes. Broke a weekly uptrend to the downside, came back to retest the consolidation box it made, retested the weekly trend line break, Hit the 61.8% fibonacci retracement level, and formed a gap on a smaller timeframe. Broke a structure level and broke a mini counter trend on the 1HR timeframe, came back to retest the...
Showing head and shoulders pattern on higher and lower time frames amidst market news that has been trending lately about tariffs. Swinging throughout the week and will check back in later this week.
Will be updating throughout the week. BA broke out of the downtrend it was making, formed a weekly inverse head and shoulder pattern (neckline already broken), and the Fibonacci extension lines up perfectly. I can see BA pushing up to the 194.73 area (200 moving average) before meeting some resistance. 4HR timeframe shows a Symmetrical triangle or descending...
Saw TSLA broke out to the downside of a Daily descending triangle, and broke below the daily/weekly trend line leading me to a slightly bearish bias on top of the tariff news from Trump. 1HR timeframe showed a mini downtrend and what appeared to be a head & shoulder pattern. Dropped down to the 15 minute timeframe, and saw price broke below the ORB low, made a...
Initially I saw a overall downtrend on LYFT on the monthly, weekly, and daily timeframes leading me to believe the stock is bearish. It reached an all-time-low and started to consolidate on the daily and 4hr timeframe. I dropped to a 1HR timeframe to get a clearer picture as to what the price was doing within the consolidation range, saw a mini trend line formed...