First breakout attempt failed and fall back below the cup rim. Break out point - $57 Target 1 - $58 Target 2 - $59 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines . - The yellow horizontal lines shows support and resistance...
Close to breaking out of symmetrical triangle. Validation point - $133 Target 1 - $138.42 Target 2 - $144 Target 3 - $155 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and...
Possible inverse head & shoulder forming. Right shoulder has yet to complete. Break above neckline is bullish. Rejection from neckline is bearish. Neckline - $58.81 Target 1 - $58 Target 2 - $68 Target 3 - $76 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will...
Watching for potential bull flag breakout. Breakout confirmation point - $14.50 Good case - $15.50 Best case - $19 Bad case - $13.55 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support...
The chart look bleak. We are currently at first support after break down. We need to reverse or else we are in trouble. Reversal from $43.84 would be bullish. Will publish chart with reversal targets when that happens. Here are the expected support areas: Support 1 - $43.84 Support 2 - $42.05 Support 3 - $39.99 Support 4 - $38.21 Support 5 - $35 (Max breakdown...
Playing out inverse head & shoulder. Break above the neckline bullish. Break below the neck line bearish. Neckline - $321 - $322 Entry - $325 Stop loss - $313 Target - $340 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. -...
Trying to invalidate or break free from head & shoulder. Neckline - $166 - $167 Break above, $186 is bullish Break below $166 is bearish and it could lead to $156. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow...
At multi-year cup rim resistance. If $415 breaks, we could see $445. Resistance - $415 Bad case - $382 (if rejected from resistance) Good case - $445 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal...
Playing out head and shoulder. Neckline broke. $133 gap fill possible. Target 1 - $133 Target 2 - $130 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib...
Playing out ascending triangle. Rejected at upper trend line . Support is $233.80. If that fails we can retest the bottom trend line. Support - $233.80 Bad case - $230 Entry - $230 -231 (if it gets there) Stop loss - $227 PT 1 - $240 PT 2 - $244 PT 3 - $248 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart...
Resting on support. If the support holds, we could see a retest to trend line for attempt at breakout. Validation point - $55 Target 1 - $52 Target 2 - $55 Target 3 - $64 Entry - $42 - $43 (High risk. The support could fail.) Stop loss - $39 Bad case - $36 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart...
Bounced from muti-year trend line which is also the base trend line of bullish descending wedge, which also is the 261.8% fib ext support. The second attempt to break out of the wedge rejected again at trend line. Possible to close gap around $206. Mixed oscillators signals. RSI and stoch recovered while Macd is narrowing to bullish cross. But accdist, momemtum,...
$12.74 is the next support area. If that hold, we can see range bound consolidation between $13 and $19. RSI oversold. Stochastic oversold. Good case - 12.74 hold. Bad case - $9.41 Entry - $12 - $13 (Greedy/high risk) Stop loss - $11 Profit taking - $17 - $19 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a...
Has been unable to find bottom yet. There is a chance of consolidating or reversal from around $11.23 area due to oversold condition. If there is further break down, the next support area is $8.78, which could be a strong support. Good case - consolidate or reversal from $11.23 Best case - $12.70 Bad case - $8.78 ——————————————————— How to read my charts? -...
The diving board pattern played out and reached 27.50. If you exit at 27 after diving board pattern was published. congrats! Now it looks like the right shoulder could form for the inverse head and shoulder pattern. Neckline - $27.5 Entry - $21 to 22. (High risk greedy entry) Stop loss - $18 Good case - $27 Best Case - $37 (if the neckline...
Breaking out from descending wedge. Hit first resistance and retreated. Good case - $100 Best case - $115 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. -...
JD playing out inverse head and shoulder and bullish descending wedge. If JD can break above neckline $80, it can hit $88. Neckline - $80 Target - $88 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal...
The triangle was busted. It looks like its playing out single bust. $230 is the neck line of H&S that played out before. So it can climb above $230 it can reach $280. Good case - $220 Better case - $230 Monster bullish case - $280 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple...