TechnicalPOV

TechnicalPOV

As we can see the Euro has been consolidating for some time now. With the stock market appearing to being its sell off, it look like the EURUSD pair may be poised to continue it ride downward. If we see a breakout of this triangle pattern we could see an AB=CD target below.

TechnicalPOV

The mother of all indicators of overall market health is the SP500. The market has finally retraced to the .618 levels after the initial market drop during Feb and March, now what? The formation and reaction to this pattern tells us that we are probably going to be heading down for a larger fall than I have indicated for our first target. We could see a...

TechnicalPOV

After propping up the fellow indices, the tech bubble is going to start to feel a little pain just like the other sectors. You can't hide from the mighty Harmonic Patterns. I really like how bullish this chart has been and how nice the formation of the pattern looks. More importantly the reaction to the resistance level. After the bearish reaction and follow...

TechnicalPOV

This pattern completed last week but the retest of those levels failed signaling that the first target shown can potentially be reached. Looking for a continuation of the "Follow Through" that we're seeing today for added probability of a successful trade.

TechnicalPOV

Even the juggernaut Facebook isn't immune to the market conditions that we are in. Cash Cow - Yes! However, the market moves in waves and its time to make a new low. Here is the first target on its way down. I like this pattern and initial reaction to its completion plus the risk/reward looks really good.

TechnicalPOV

Along with Tech stocks, essential companies like JNJ are experiencing resistance. This isn't the cleanest pattern nor my typical level for the stop of this pattern, however given the surrounding environment of other stick in this sector - I like this risk/reward for the first target.

TechnicalPOV

Tech has lead the charge to prop up this market and the last stance has probably hit its wall. Here is a preliminary target for the first move downward.

TechnicalPOV

Just like other teck stock which have held the overall market together, we are starting to see some weakness after this pattern completion. Here is the first target and there may be others to follow.

TechnicalPOV

It's been a great ride, but seeing the completion of this pattern along with the reaction to this level made me take profit and change directions for a really good risk-reward trading opportunity.

TechnicalPOV

After forming a double bottom, pricing has reacted to this candlestick formation in a very bullish way supporting the fundamental view of the overall market that COVID recovery will take some time.