Looks like snap on the verge of another wave, heading for next fib level.
it's in the red channel and at support so I went short, hope it goes well This is not a financial advice, just showing my play and reasoning.
possible reversal head & shoulder pattern............................
next week will be interesting if it loses support other wise it will be a short trade for long
Overall the market aiming down but green lines repesent entry's and exit points for a possible trade next week.
spy looks like it bottomed on the up trend and bouncing back for another wave
brought calls for 200 strike, so far up 600% ... sharing the graph to show u my point of view. This is not a trading advice.
Next week will determine if we stick to the pattern or break down.
trying out Schiff fork for the first time, it's certainly interesting.
We are in an equal distance from bottom, I will Also add the daily in comments which suggest we tapped out.
In this chart you will see two indicators being used together, I believe they have potential. The first indicator is price oscillator. My input settings are (short length=1, long length=20, Exponential) The second indicator is bollinger bands. My input settings are (length=20, Source PPO, stdv=1, offset=0) Am Still working on perfecting the settings but I...
I don't see this happening but I like to have two sides of the story, the short which is already posted and this is the long which is this one. I don't see a reason for it to go up this much but again the money injection that's going on is something else.
The 4HR looking bearish to me. According to my Linear Regression indicators, we have tapped out .. RSI is over-brought and MACD is showing weak bullish signs which means the trend is about to reverse. The reversal might happen this week but be warned that we will have the job report on Thursday the 8th at 8:00 AM then J.Powell will be speaking at 12:00PM these...
am using my indicator combo that I created and I believe we might get another crash. Please look at the patterns below and match the left box and right box.
To the moon and back, am Pissed from yesterday pump so i made a rocket for bulls.
Obviously over brought, a reversal is imminent or at least a strong pull back is incoming.
J. Powell speaks tomorrow at 12PM so let's see if we break up w his lies or we will reverse and continue the down trend.