Overview On the 17th, both SPY and SPX, broke out of their ascending triangle patterns that had been accumulating for the past few weeks. We can see it has broken out bearish and is likely to continue bullish. There has been no divergence -both visible and hidden; following the breakout, my charts are indicating a continuation. Opened bearish today, but it is...
Following yesterday's yearly resistance, and pivots, we are looking to start taking a weaker bullish continuation. We opened above yearly res and continue to move forward with strong momentum. No Divergence to be seen either. I would not count on this bullish continuation 100% as we have had some pretty minor pullbacks following the recent head and shoulders and...
NVDA at a major turning point right now, we have just passed recent liquidity and just finished our second pullback. Market opened bullish over recent monthly pivot point (221.41) and is hitting our yearly resistance here as well. Depending on whether we end bullish or bearish on market close, we could be having a strong reversal or continuation.
NVDA close to completing its primary pullback following this head and shoulders pattern. It's on its way to reaching bouncing off support on fib retracement, daily pivot, and most importantly the previous neckline attached to the pattern. I predict today we will possibly see a large rejection candle approaching the neckline and will be the last day of the pullback...
NVDA just broke its resistance earlier today, and also jumped up past liquidity. Now I expect to take a pullback or turn to the downside either today or tomorrow. Thinking we will pull back to around to its new support level at 185, and if we break past 185, expect to see a bounce on support at ~178. If those predictions prove correct, I expect a massive bounce to...
I think we could see a turn to the downside right here int he few following candles. we did break our well-respected resistance, however, we are topping out pretty much exactly at our previous liquidity.
could see a bounce up to 185, then a bounce back on support on weekly trend lines, has been pretty well respected, just waiting to see how it goes
Thinking we could see either a pullback or a turn to the downside on the 4hr just using prior liquidity and fib retracement