MrAndroid

MrAndroid

Amazon has been trading in a downward sloping channel for over a year now and yesterday the price closed above this channel trendline. However a drill down into the hourly chart shows some divergence on the RSI that I think could indicate that this might become a false breakout. I'm yet to be convinced the rally is a trend shift.

MrAndroid

This chart shows Amazon stock to gold ratio. There is a clear head and shoulders pattern visible however currently there is a potential trend reversal triangle pattern emerging.

MrAndroid

Frustratingly on silver, on a very long term or medium term view I see triangle patterns with no clear direction evident.

MrAndroid

This ETF is a London Stock Exchange version of the gold miners index. I think the long term pattern is a triangle as evidenced by recent bounce down from resistance.

MrAndroid

The last few days the S&P appears to be trading in a range underneath the top of an ascending triangle pattern shown here in yellow. This is a bullish pattern. A confirmed breakout could signal a continuation of the last few month's rally.

MrAndroid

The Japanese stock market topped in 1989 and was in a bear market until 2009 from when we have seen a rally. Could the rally be about to end? One way of drawing it as shown here is a down trend channel using the two major lows of the bear market as point to connect. There is divergence on the RSI.

MrAndroid

Triangle or wedge? There are two potential patterns on DXY as well as a down trend parallel channel pattern that appears to be broken out of to the upside. It will be interesting to see whether this leads to a trend change.

MrAndroid

It seems like its just going sideways in a fairly boring and uneventful fashion but the chart big picture shows that something big will happen soon. Its a big channel that appears to have broken out but without an impulse up or down for now.

MrAndroid

Looking at this weekly chart of natural gas I see the current pattern as being a bear flag of a much larger down trend. It does not look like a bottom but rather a continuation.

MrAndroid

Nasdaq chart shows current level is at the top of a parallel channel down trend and has formed a bearish rising wedge. I would tend to bearishness.

MrAndroid

The gold price pattern has formed a bearish rising wedge pattern which may indicate that recent highs represent a top.

MrAndroid

Generally considered a bearish pattern it is possible to see a descending triangle pattern emerging from the convergence of a parallel down trend and a sideways trend. A break could be imminent.

MrAndroid

This chart pattern has been forming since 2011. It is a triangle merging an uptrend and a downtrend that are potentially converging in the near future.

MrAndroid

Yesterday the price of Apple was looking a bit like it had hit resistance of the down trend line but the results they published yesterday seem to have triggered a bid which could turn into a breakout. Not yet confirmed.

MrAndroid

Today on SPY the market has opened quite buoyant. There is a case that the last 2 weeks candles have not seen a huge dump and indeed have something of a hammer look to them. Indeed I can look at this chart and see the possibility of a bullish breakout. Too early to tell yet though.

MrAndroid

Gold very briefly hit a new high today but the candle is a shooting star on the 12 hour chart so perhaps indicating a failed breakout.

MrAndroid

Apple has long been one of the favourite and strongest stocks on the US market. This chart shows a shallow parallel channel downtrend which indicates the end of a very nice rally could now be occurring.

MrAndroid

The chart pattern for the last couple of months on SPY has now formed a bearish rising wedge pattern corroborated by divergence on the RSI.