Last few years, like clockwork, it comes to life. No idea why, but it seems to be consistent.
So many flags, this one gotta be prepping for some fireworks just in time for the 4th. Long term perspective on PCLN, Multiple bull flags here. Weekly support provides decent bounces and forming a nice channel here (blue flag). The upper line seems to be "toxic" for now and every test is getting faded. Shorter term bull flag excluding the fake breakout. I also...
A bit flimsy but still looking nice. ER next week could take it over the neckline @ 239 and blast off. $320+ target
interesting historical pattern. NFLX gaps up on every January earnings. It didn't matter if it was trending up or down. It always (since 2008) have found the strength to pop. Today's double bottom makes it an interesting entry point. Could get interesting really quickly.
Haven't been short for a while but I'm thinking bears finally have it. We're back in the 2008-2013 channel we broke over and the longer trend from 2004 seems to be failing here. Not thinking we see 2008 crash but can't ignore what happened last time when we failed to hold the breakout. I'm thinking we correct to bottom of the 2008 channel. Probably 1700ish VERY...
Overall, longer term, We're heading to test that top of the channel. Medium term, I can make both a bullish and a bearish case here short term, so using more of a guide and watching closely. If we break below the yellow FIB sub channel, we're probably going to pull back to the bottom of the channel. BULL CASE: Strong bounce of bottom of the channel, yellow FIB...
I thought it would take a month or two to start moving since my original chart but it really tested my patience. The bounce and continuation from 120 strengthen my believe that gold has bottomed and will start making its way back up. I'd like to see it break over recent high @128ish but from there it should be a fairly smooth sail to 132+. I don't think it's...
My previous bearish thesis on NFLX got quickly negated once we crossed that descending trendline. We're still a few dollars short of March highs but sure looks interesting here. The aggressive flush and recovery hints on strong continuation once we clear previous high at 458ish. We may potentially retrace back down to 430 for gap fill but sure seems like it's...
This is probably too short to really qualify as a textbook C&H but still consolidated nicely over the last 7-8 weeks and now ready to move. TL break-out today and once clears 179.73 and 181.81, it should run fairly quickly to 200.
The previous H&S pattern I saw was quickly negated as we got a decent bounce on earnings. However the weakness of this bounce indicates to me substantial further downside is possible here. Probably it was just "working" on the right shoulder. Moving forward, I think we hit some support at 309-310 early next week and bounce back to the descending trendline around...
NFLX at critical level with major H&S forming. With overall market weakness, will probably not hold and potential $100+ drop.
Not trading GLD much and fundamentally not sure why gold turn but can't ignore the technicals. Seeing lots of support down here and potentially reversal. Today's bounce was confirmation of support. Potentially working on inverted H&S against the ascending blue trendline (dotted). Don't expect it to happen quickly but probably in a month or two. Also seeing...
AAPL trying to reverse the downtrend while forming a nice rounding bottom. It will definitely need a catalyst to break out, but if it does, measured move targets sets it over 700.