jkish19871

jkish19871 Updated 

In the dynamic world of stock trading, there are some patterns which emerge that tell a story of market sentiment, investor behavior, and potential future movements. One such narrative is unfolding with Moderna Inc. (MRNA), where an intriguing pattern has caught my eye as we've seen a price rebound since November 2nd, 2023, the inverted scallop. The inverted...

jkish19871 Updated 

Block Inc (SQ) is showing signs of a bullish reversal on the monthly chart, as it displays a divergence between the price and three momentum indicators: RSI, MOM and OBV. The price of SQ has been making lower highs and lower lows, forming a descending channel pattern. However, the RSI, MOM and OBV indicators have been making higher lows, indicating that the...

jkish19871 Updated 

From a technical level, the XLE is showing a potential head and shoulders setup on a monthly chart. Combine this with major bearish divergence leaves shorting this basket of stocks as the trade of the year. Any potential good news on the Ukraine/Russia front would be devastating on a fundamental level. Everyone is long energy. Be brave, be bold. AMEX:XLE

jkish19871

NYSE:UNH UnitedHealth Group Inc (UNH) is one of the largest health care companies in the US, providing health insurance, health care services, and pharmacy benefits. The stock has been in a strong uptrend since March 2020, reaching an all-time high of $558.10 on October 31, 2022. However, since then, the stock has been showing signs of weakness and may be on the...

jkish19871 Updated 

Have been going over a few things and here are my observations. 1. Three rising valleys usually occur during previous uptrends, however this isn't always the case. 2. Valleys appear in their last phase and have formed a rounding bottom which could create a inverted scallop (usually a very bullish sign) 3. 24,000 area has shown itself as consistent resistance...

jkish19871

The month isn't over, but hidden CCI divergence has been extremely accurate in predicting long term reversals. For reference, I've also provided Commodity Channel Index bearish divergence for the XLE that proved to be accurate as well.

jkish19871 Updated 

Hello all, Pretty straightforward thesis: Going over historical patterns...BTC has shown CCI divergence 3x on the weekly chart. Each of those three occasions was marked by a protected downtrend. Assuming the bears can hold back the current bull rally for the rest of the week, I'm forecasting we have one more move downward before the next bull cycle. The...

jkish19871 Updated 

Possible reverse head and shoulders developing on ETH/BTC