Attempt to interpret the information at your own risk.
Price action doesn't always repeat itself, but it sure is interesting when it does. Mirroring patterns are very interesting.
If next week plays out as a broadening wedge bottom, short term bullish into a shoulder, then long term bearish into the holiday kick off
its hard to gage what type of broadening wedge formation it is, green bullish case, red bearish case. Monday/Tuesday should dictate. If bullish, next post is my idea into mid october & possibly into the holidays.
beautiful! continuation takes us to red area, re testing previous bullish breakout.
if dashed line breaks below, updated with targets.
We could easily flush through the yellow circle if we don't hold 11000s
if diamond plays out to the down side, look towards re test of breakout towards red
Spy must hold above blue resistance channel, and break above orange rising wedge
indicators at oversold levels, nearing crucial support cross point, reference feb &apr 21 highs & june 21 break out. careful being aggressive nearing major demand areas with multiyear trend lines crossing shorter term trends.
2 day Nasdaq US100 chart. Indicators on the low. The chart is simply beautiful :)
Here is an idea into Spring and Summer 2022. If tech is the future, and stocks only go up, with pull backs and corrections along the way.
Supply area remains. Channel higher lows, consolidation, test, consolidation, followed by higher high, can it continue...? Notes on chart :)
IF IF IF... If a mirror reflection happened for Tesla, reflecting back to its high off 786 pre market on 4/14/21, it could look something like this :)
1st tgt 710 2nd tgt 718 3rd tgt possible 720+ Short, or wait for re test. Re long at retest 695-705. next tgt, 725, 734, 762 Need hard push through 777 to possibly return to 800 pattern no longer valid below 650 short tgts, 638, 633, 625, 618, 602
Targeting 320-340, Nice option volume on 9/18 calls 320 through 350