jthrasher

jthrasher Updated 

I'm seeing multiple reasons to remain bullish on the Dow. Admittedly, there are a lot of signs pointing toward a large downturn in the near future but I don't think we're there yet. On the weekly the Dow looks to be forming a nice cup and handle (continuation pattern during uptrend) and the weekly RSI is crossing up 50 and also printed a hidden bullish divergence...

jthrasher Updated 

Follow through on breakout was a bit weak. It looks to be making a nice SHS on the 1h to reverse the rally from the recent low and perhaps retest the low 100s again. It's quite possible this is a temporary bottom and we're flagging up but the volume and follow through on that triangle breakout was not impressive to me. Looking for a breakdown if we lose this...

jthrasher

I'm gonna let this G20 bullish mania settle a bit and see how these indices react to these gap ups before making a move but this looks like a clear cut reversal head and shoulders coming off an island bottom. Looks bullish. Might miss some of the move if it keeps running from here but if it actually ends up being a valid reversal there will be plenty of profit...

jthrasher Updated 

Continually building short position as we bounce to this RSI resistance zone.

jthrasher

I don't think it's unreasonable to say AAPL could be forming a bottom, at least short term, here. Looks like reversal head and shoulders with the head being an island bottom. Weekly RSI looks to be bouncing off 30. I like a swing long if we can break about 180-185 area. I'll probably go long around 181 and add on if we break over 185ish. Looks like we're back...

jthrasher

not too big on fractals but want to watch this

jthrasher Updated 

Looks like this fits Edwards' three-fan principle for corrective minor trends having a high chance of ending after breaking the 3rd trend line. Looking for high volume break of neckline for a potential long on a head and shoulders reversa l pattern. That heavy volume spot buying during the btc dump catches my eye. The XLM/btc pair is barely down 1% as the XLM/USDT...

jthrasher

Could be misreading this one bc the volume doesn't exactly align with a typical SHS pattern but it looks like a complex version/broadening top.

jthrasher Updated 

Fighting he temptation to fall prey to gambler's fallacy, thinking this is due for a bounce. Looks absolutely rekt.

jthrasher

Playing it carefully with a tight stop but could be a good long

jthrasher Updated 

waiting for confirmation either way

jthrasher

A lot of these indices are looking to be making a IHS reversal pattern, with DJI seemingly ahead of the pack in its formation. Right shoulder is pretty gimpy and we look like we're making a double top on Weekly but I think we may at least revisit it. Might get a harsh throwback before bouncing up or failing, though

jthrasher

Could get continued fireworks if we can make new local high

jthrasher

Potential complex IHS in play within a larger IHS it looks like. Missed the move for smaller IHS but think we could see some more up soon

jthrasher

This pattern looks quite textbook and with the fundamentals aligning and the increased fear over an impending market crash I think this is a solid setup for a long after an increased volume neckline break into textbook flag consolidation.

jthrasher Updated 

Haven't seen much mention of this possible formation that is showing some signs of an inverted head and shoulders. IHS are typically reversal formations, either for primary or secondary trends and in the event that ETH found a bottom around 167x, this certainly fits the bill as a reversal so far until proven otherwise. As per Edwards' and Magee's criteria we will...

jthrasher

The clouds are calling for a short term shower with decent chance of sunshine over the next few days. Shorter timeframe cloud could test lower 190s area and may see bounce back up to 205ish over the next week is what I'm thinking. Respecting those MAs pretty well...

jthrasher Updated 

Watching similar pattern on ETH