Bad ER, Bear div with rsi (yellow lines). Descending triangle (white lines). Easy short to $60 demand zone.
Bottom of handle for cup and handle on VZ. We are on the .5 fib for the monthly cup.
Bullish Gartley forming on OIL. For this idea I bought HUSA.
DXY showing many signs of weakness. 1. Rising wedge 2. Blow off top followed by bear engulfing candle 3. Bear div with RSI Target 100-102. After a bounce there could see 92 longer term.
We are bouncing off a demand zone and fib retracement line. Green zones are supply zones pulled from various time frames (daily, H8, H4, H1) ($5.5, $6.8, $7.4 are supply zone areas) We could have a nice run into earning as USOIL futures corrected quite a bit and looks to be bouncing now.
Falling wedge on daily Bull div with RSI This would be a knife catch
I see two bullish reversal patterns for nasdaq First is the falling wedge outlined in red 15k-15.5k are Second is the right angle descending broadening wedge 14.5k area I pulled supply zones from areas relative to the trend targets. For this I would look to play tqqq or qqq.
Amazon looks like its forming a double/ triple bottom. Exaggerated bullish divergence with RSI Bounced on demand zone pulled from 04/09/2020 143-146 would be likely top of rally with another supply zone at 152-157. There are obviously other but these are the ones Im focusing on in line with a double bottom scenario target. Id expect this to play out in 2-3 months.
Unless this wave breaks upwards with conviction very soon, I think we are seeing the completion of the meta 1-5 in the form of a truncated 5th wave. We should see an abc correction as charted to the .38, .5, or .618 ranges. I've created an adjusted uptrend channel based on parallel confirmations and extended a segment down to account for the 6k low as I don't...
We've dipped well into my correction range in the form of a descending broadening wedge. ABC zig-zag structure not mandatory in these conditions. This could very well be the end of the correction. Next target is 11780.
In this scenario $BTC will reach around ~15k by early March!
Wave 3 should be a big one. Looking for 11.4 in the next day or two.