chrisbrecher

chrisbrecher

Bitcoin plunged to the support zone predicted. But now too oversold on a 4 hour MACD. If it works off the oversold by failing to reclaim the earlier breakdown, it could plunge under intermediate support, and go the 41000-39000 zone.

chrisbrecher

Bitcoin failed to reclaim the first trendline. Under the next one and there is an "airhole" to 49000

chrisbrecher

Maybe it doesn't matter this time, but the monthly MACD is THREE times higher than the next highest MACD( in 2000).

chrisbrecher

Usually, when the Bollinger Bands get this tight, it signals a violent move is imminent. It could move either way.

chrisbrecher

As opposed to the NQ, the German DAX has little support on the downside. IF it breaks down.

chrisbrecher

The NQ needs to hold here. Support lines are an "art", not a science. But I like to use congestion areas as support and resistance. Also, prior multiple highs and lows work.

chrisbrecher

I have a number of stocks that benefit from any U.S. negative geopolitical sentiment. Here is one with a possible bull flag.

chrisbrecher

Usually, 2 weekly indecision DOJI candlesticks are pretty bearish. That is why a DAX breakdown could be a big deal. Also, the weekly MACD is really overbought.

chrisbrecher

The German DAX is close to a big breakdown. If it does, it has very little support on the way down. I think this could affect many other world markets.

chrisbrecher

The DAX is trying to break down from a H&S. Because of this, I can't chase the upside in U.S. indexes.

chrisbrecher

Usually when the NDX is over 15 percent above the weekly 50 simple moving average, the index "stalls". This time it is 20 percent above it.

chrisbrecher

Many world markets holding big support, especially the U.S.

chrisbrecher

AMZN needs to hold the important 3160 support, or it could go under 3100.

chrisbrecher

This pattern might measure to the 372-274 "zone".

chrisbrecher

A DOJI is an indecision candle. The follow through candle is always the key to near term direction.

chrisbrecher

A ledge is where you can draw a horizontal line with at least 3 points of contact. Not always a triangle. If AAPL doesn't hold the 120 area, it could easily fill the 117 gap.

chrisbrecher

If this breaks, the NQ could go down by the amount of the previous move, or 200 points!

chrisbrecher

The COW ETF is composed of live cattle and lean hog futures. As seen, over 35, and it could go to 41.