Ascending Scallop + Vertical Run Up + Measured Move Up + Triangle Breakout + Simple ABC Correction + Bullish Separating Lines + Rising Window + Bullish Momentum Look for WORK to continue Bullish Continuation to next Price Target of 38.32 after a simple ABC correction. Initial Sell Target can be the 0.786 Fib at 36.24. Notes: Ascending Scallop Pattern (Weekly...
Simple ABC Correction + Momentum + Bullish Continuation Boeing is looking to continue its bullish momentum inside the new channel it has created after breaking out of the Descending Triangle. Price Action is telling me we should see a small pullback to the area circled with bullish continuation to the next target at 164.80.
Rising Wedge + Loss of Bullish Momentum + Divergence + Dynamic Support + PivotPoint + Rising Window The chart is telling us we should see a pullback to one of these 3 Bounce Levels, 297.87 (4hr Dynamic Support), 294.74 (PivotPoint), or 298.21 (Monthly S/R Level). Long Wick rejections of the PivotPoint, 50EMA, 14EMA and Support will give best Long entry inside...
Simple ABC Correction + Double Bottom + Bullish Divergence + Bullish Belt Hold + Bullish Volume Spike
Rising Wedge + Simple ABC Correction + Support + Bullish Momentum ULTA continues to rise in Bullish Channel (Rising Wedge) in anticipation of earnings. 2 Long wick rejections of Support and 14EMA (PivotPoint imperfect rejection) show that we have completed C wave and look for an expected move to wave D target of 228.87. Options Trade: 5/29 230c (Sell right...
We continue to make higher highs and higher lows inside the bullish channel (ER run up). Expect a small pullback to the 14EMA/PivotPoint at 187.77. Long Wick rejections of this level will give us a good long entry setup with a price target of 199.96. Options Trade: 5/29 200c after confirmation of bullish continuation
Falling Wedge + Dynamic Support + Divergence + Momentum VZ is not giving us a high quality setup entry yet. To many conflicting indicators. Wait for a break of the Falling Wedge to confirm Bullish or Bearish bias.
BA Descending Triangle breakout. Expected pullback to 135.11 with bullish continuation to next price target 154.00
Descending Triangle + Demand Zone + Decreasing Volume + Divergence
Symmetrical Triangle + Simple ABC Correction + Weekly Dynamic Support + Bullish Momentum BOOT looks to play out a Simple ABC Correction after touching the resistance at 23.22. We had a nice pullback to the weekly dynamic support level of 20.19 which gave us 2 long wick rejections of the Support and 50EMA/14EMA. Look for an upward break of the trendline before...
Symmetrical Triangle + Bullish Channel (Time Frame Confluence) + Momentum I'm expecting CRM to continue in the bullish channel up to a price target of 189.98 (Supply Zone) before seeing a big pullback. No loss of bullish momentum yet but will wait for a break above 180 before entering Long.
Falling Wedge + Demand Zone + Loss of Bearish Momentum + Divergence ROKU is losing bearish momentum as we approach the bottom of the Falling Wedge inside the Demand Zone. The volume spike today is a sign we are near the bottom along with the Higher Low on the MACD Histogram with Slightly Bullish Divergence on the MACD and SMI. RSI is approaching Oversold but...
3 Rising Valleys + Triangle Breakout + Upside Tasuki Gap SPY is showing exhaustion after breaking the Symmetrical Triangle and I am expecting a pullback to the Gap Fill level 286.25 (Expected when you see an Upside Tasuki Gap) before continuing to my initial price target of 302.46 and then continuing to 314.31. Price Action can change in the next few days and...