The_Patterns_Guy

The_Patterns_Guy

VALE looks good on the daily chart. trend is up and rising angle. all the indicators look good. Weekly those indicators look sooooo good. all pointing up. trend is up with rising trend angle. monthly look at those indicators. they all look so good. trend is up.

The_Patterns_Guy

On the daily chart notice that again two of the three indicators are pointing up. the stock is has formed a rising triangle that is about to smash into down trend line. A serious breakout could have impacts on the higher time frame charts. This is a stock to add to your watch list. weekly Same story has the monthly. two of three indicators pointing up and there...

The_Patterns_Guy

CATM has formed a declining double top on the hourly thru daily charts. indicators on those charts support further declines. Higher time frame charts are mixed. This is a short term play with 2 RRR.

The_Patterns_Guy

ESL on the daily chart is long to neutral at the moment. I expect the stock to try to close the gap seen on the left side of the chart. This is part of a larger throwback underway. If this stock can close the gap then I would consider that it can go further. However, the gap was created when it reported poor earnings. Those kind of gaps do not simply close because...

The_Patterns_Guy

HOLX has formed an ugly double top inside of a rising H&S on the daily chart.. It looks to be forming a throwback, which can be best seen on the hourly chart. I would wait for throw back confirmation. set an alert for $35.85. Then enter a short position. The march and September options look to be the most liquid. Again, if you play this stock, wait for the...

The_Patterns_Guy

QCOM has formed a small double top on the daily chart. Throwback has already completed. Play this as a short term play. Maybe play the the march thru may options. That being said, do not stay short in this stock for a long time. There is a large W formation on the weekly chart. On the monthly chart there is a strong rising trend line with recent declining trend...

The_Patterns_Guy

A look at the daily, LTRPA has formed a double bottom with a breakout of a declining trend line This stock is optional, however, there are probably 5 the people in the world to trade with, so trade options at your own risk. I have set a stop at the recent gap and profit target at the most recent high. That being said, if this one breaks above the profit target...

The_Patterns_Guy

INVE on the daily chart looks good. All the indicators are supportive. Price action has broken a downtrend forming a descending triangle. The brake out looks like a rising wedge. A break above the wedge could be a sign of a larger change in price direction. I have set a stop at the price both trend lines intersect. My minimum target is the most recent price peak....

The_Patterns_Guy

SRNE has broken out of a rectangle bottom base. It has formed a bull flag on its way up. All indicators look up. Sometime in the next two weeks the FDA will make an announcement pertaining to this stock. It looks like investors are starting to pile in ahead of the news. i would put a stop at the bottom of the bullfrog and not put a profit targets. If the news is...

The_Patterns_Guy

PZZA has formed an ugly upside down cup and handle on the daily chart. However, on the 15 minute chart you can see a multiple bottom. The stock is also playing with a long term trend line. With the lack of significant formations in the market to trade, I have decided to use this time to try some new strategies. I will try an earnings straddle. I am shooting for...

The_Patterns_Guy

I do not usually trade crypto, however, I thought I would give it a swag today .

The_Patterns_Guy

stock has formed a H&S. indicators pointing down. I expect a a small throwback. april or march puts probably best way to play this one, however, might have to rollover. I am however cautious as the overall market is at a point of indecision. I would advise caution too. keep to the stop and do not stay locked to a profit target. Weekly monthly

The_Patterns_Guy

NFLX may form a bull flag breakout in the near future. OBV looks good. macd is about to cross up and stoch RSI pointing up. I am going to wait for the stock to pas $280.27

The_Patterns_Guy

PRTK inverted H&S on the 15 minute. Both higher and lower time frames confirm.

The_Patterns_Guy

KMB has formed a double top. It has broken an uptrend on the daily chart. However, uptrend on the higher timeframe charts are still intact. the stock has also formed a inverted falling wedge. I expect it to retrace tot he top of the wedge this week. After that if the indicators suggest a continuation of the double top downtrend then I might jump in. Overall rating...

The_Patterns_Guy

I know, I know another H&S. Well thats how it happens sometimes. The patterns just propagate thru out the market. This one is especially interesting because of the repeating H&S pattern thru out the time frames. You can see an H&S on the daily and 15 minute. They are all unique H&S formations. Really cool to see a pattern mirror thru the time frames. Indicators...

The_Patterns_Guy

I have finally found a solid long! MTCH has formed an upward channel. All indicators confirm on the daily, weekly, and monthly. What is even better is when you slide down to the hourly and 15 minute charts. There are two double bottoms inside of each other. This can be a quick play for the upcoming week to ride the markets rebound and set up some longer term...

The_Patterns_Guy

CONE formed a downward channel. two of three indicators support it and prior trend broken. Looking for this one to rally into early next week, then catch it on the downward move. This will probably be one I will play on an extremely short basis. Higher time frame charts are bearish. Lower time frame charts are neutral to bullish. trading pattern...