jeromepower

jeromepower

Fractal on the 5 min. Several stocks seem to be looking to head up higher. What can I say sometimes the stars align. The more fractals I see the more convinced I become that the overall market is heading up.

jeromepower

Another example of a fractal. Fractals appear alot in nature and they can sometimes appear in technical analysis. I use these as confirmations rather than relying on RSI and other indicators.

jeromepower

Got my confirmation. Beautiful LDC (fractal) on the 5 min chart. The entire market is looking to head up. Japanese yen pairs are bullish. Conclusion: Ready your space suit!

jeromepower

Would you look at that! A lower degree correction that looks like a copy paste of the higher degree correction. Some people use RSI for signals I prefer to use fractals. A stock is like a person, we tend to judge people based on personality and conduct. The personality aspect pertains to the fundamental analysis and the conduct relates to technical analysis. The...

jeromepower

Patience is key I've been waiting since September for a potential play on AAPL. Can't help but notice the fractal on the lower time frame. This could signal a potential turning point in the down trend. I noticed a similar pattern on Nasdaq.

jeromepower

This is another example of a Running Flat Elliot Correction Wave. XLY is looking to head higher, I would need more confirmation with the lower time frame in the form of an LDC (LOWER DEGREE CORRECTION) prior to opening a position in calls.

jeromepower

Patterns tend to repeat themselves but not always in the same way. I noticed the patterns were very similar. I also noticed the fractal on the 5 min and compared it the one found on XLC.

jeromepower

My hypothesis is that SBUX is trending upwards in anticipation to warm weather. I attribute this rise to seasonality. This is an example of a running flat Elliott correction. A running flat is characterized by two trend lines pointing up. Not sure if SBUX is ready to takeoff? Take a look at the consumer cyclical sector for further due diligence. This is what I...

jeromepower

I love stocks that follow my formula: impulse, correction, impulse. As evident by the chart this pattern is called a running flat. Running flats are characterized by two trend lines both heading up. The next step is to look for a similar pattern on XLK

jeromepower

If you see a pattern like this and you are not sure if it still has upside in the short term, I find it helps to look at the respective sector for the stock, in this case the consumer cyclical or XLY.

jeromepower

All systems go... down! I'm very bearish on banks. I expect yields to start falling back down and with it usually comes the bank sector.

jeromepower

I'm still bearish on QRVO. I'm convinced that its going back down to 158. Forecast is still a Regular Flat Elliot Correction Wave.

jeromepower

All systems go... down! I'm very bearish on banks. I expect yields to start falling back down and with it usually comes the bank sector.

jeromepower

In order to understand the market I rely on sectors. It's important to get a good read of each sector that relates to your stock of interest. Understanding the general direction of the market is easier than relying on indicators. No strategy is infallible, I just prefer to proceed accordingly.

jeromepower

Update on my BA idea on March 21st. Outcome is in line with my forecast. Industrial sector is looking bearish I'll continue to wait and look for an entry for calls.

jeromepower

Seems to have followed my idea pattern that I published on march 13th.

jeromepower

Pattern recognized: Irregular flat Elliot Correction Wave. Thesis: Bullish sentiment. Conclusions: LDC on the lower time frame. Entry for calls. ***This does not constitute financial advice.***

jeromepower

Perhaps a retest of the support before the big long.