2 bearish harmonic patterns in a row. Double top before. Sideways for a while. Previous one played out amazingly. Reaction off the PCZ and back tested what was once support as now resistance. 1st target = support 2nd & 3rd target = support/bottom of pattern.
Potential Dragon Pattern (*Do not like the fact that it has closed under support - more caution taken) Triple classic bullish divergence on the Daily MACD and RSI. Classic bullish divergence on the 4hr MACD and RSI. Looking for a 0.5 fib extension move (could fill a gap on the 4hr through this).
Looking for a bounce off support and maybe another touch on the resistance of the falling wedge. Daily classic bullish divergence on the RSI and triple classic bullish divergence on the MACD. Stop = Below horizontal support. Target = 0.236 fib extension.
Not risking much in this market. Falling wedge along a horizontal support. Looking for a quick bounce to resistance before most likely heading lower with the market. Daily classic bullish divergence on the MACD and RSI. Stop = Below horizontal support. Target = Horizontal resistance.
Falling wedge in between a horizontal support area. Daily classic bullish divergence on the MACD and RSI. Stop = Below horizontal supports. Target = Horizontal resistance.
Falling wedge/down-sloping supply line broken. Above horizontal support area. Daily classic bullish divergence potentially on the MACD and RSI. Stop = Below lowest close of the short term drawdown from resistance. 1st Target = Short term relief rally to 0.236 fib extension. 2nd Target = Short term relief rally to 0.382 fib extension.
Tweezer bottom along horizontal support. Confirmed Daily MACD classic bullish divergence and RSI classic bullish divergence. Stop = Below horizontal support. Target = Resistance (Needs to get over $29.81 for a real move to take place imo)
Playing a relief rally up towards gap fill, 0.5 fib extension and 200 Day MA. This could hopefully form a potential H&S pattern. Along a horizontal support and has just bounced off a well tested diagonal support. Daily RSI and MACD showing hidden bullish divergence. Target = Gapfill/0.5 fib extension/200 Day MA Stop = A close below diagonal support. (Take...
Bounce to resistance from support. Daily MACD classic bullish divergence. Stop = Below current support
Dragon pattern along a support potential reversal area. Flipping resistance into support. Daily hidden bullish divergence on the MACD. Stop = Below resistance level. Target = 0.618 fib extension.
Falling wedge along a horizontal resistance. Classic bullish divergence on the Daily and Weekly MACD confirmed and developing. Stop = Close below support Target = Resistance
Huge Inverse H&S patter on the weekly time frame. Look for a confirmation of pattern with a break and back test of resistance line
Falling wedge at a demand area. Hidden bullish divergence developing on the daily MACD. Stop = Close below demand area $5.80 1st Target = The low of the previous low of the downtrend. Around the $7.60’s 2nd Target = Gap fill
Along a final line of support @ $7.85. Triple classic bullish divergence on the daily MACD and classic bullish divergence on the daily RSI too. Should get a nice bounce but will keep an eye out for more of a reversal too. Stop = Candle close below support
Huge volume day on the daily chart. Massive down trend. Could be a signal of a reversal starting. Classic bullish divergence confirmed on the weekly MACD. Gap to fill @ $ 20.57. Stop = Under $10 Target = $20.22 (Gap fill)
Trading inside a rectangle/range along an upsloping demand line. Triple daily MACD classic bullish divergence and Quadruple daily RSI classic bullish divergence. Stop = Below rectangle 1st Target = Gap Fill 2nd Target = Resistance 3rd Target = Gap Fill
4hr triple classic bullish divergence on the MACD (visible sign of sellers becoming exhausted) and classic bullish divergence on the RSI. Doubled bottomed off ATL's Stop = ATL's 1st Target = Top of the range 2nd Target = Gap Fill
Descending triangle along a horizontal support which it's retesting for the first time from the May 16th high close. Daily hidden bullish divergence on the MACD and RSI. Stop = Below horizontal support Target = 50% of triangle