trad3r9

trad3r9

The current consolidation since May this year looks to be the handle of the 30-month long bullish Cup & Handle pattern. A break of the nearest pivot at around 5950 could quickly bring the XJO up to the next strong resistance level of the 6000 round number. It's almost blue sky after that as it hasn't been above that level since the 2007-2008 financial crisis.

trad3r9

It's looking good now but there is still some work to do. A weekly close up here would be very bullish.

trad3r9

It looks ready after 3 weeks of tight price action and signs of absorption late last week. A break of the handle pivot at $0.75 on volume is the entry signal.

trad3r9

There is a bit of overhead supply near $2.50 but looking very bullish if this level can be cleared.

trad3r9

It's looking very bullish after coming out of a base-on-base pattern on strong volume last week.

trad3r9

The high volume over the last 2 days near short-term pivot of $0.30 could be absorption taking place. Watch for a break above this level on above-average volume.

trad3r9

Price action and volume have been contracting very constructively over the last couple of weeks and getting ready for a breakout imo. Watch for volume as it comes out of minor pivot near $11.30.

trad3r9

The tight ~12% trading range since late July shows that $ALL is potentially under accumulation with the Sign of Strength today (wide range bar, high volume & high close). If this turns out to be the case then this will be the end of the correction that started in mid-June and the continuation of the long-term uptrend. Just have to be cautious because it's a...

trad3r9

$MVP broke out of a short-term bull flag on strong volume today. The pattern has a target near $5.80, which is also where resistance is expected to be found as it was a strong pivotal point during the Distribution phase back in mid-2016. The move today could also be the start of the Sign of Strength as it moves out of the 9-month long Accumulation trading range...

trad3r9

The current flat base in $PNC looks a lot like Stepping Stone Reaccumulation (a Wyckoff terminology). The gap up on strong Volume last Friday is a positive sign despite the low close.

trad3r9

Watch for volume on the break of resistance at $16.00. Triangle pattern has the potential for a $2.50 move.

trad3r9

Reaccumulation looks to be done in $IMF as it's trying to move out of a volatility contraction pattern (VCP) on strong volume and resumes the long-term uptrend.

trad3r9

This is the first touch of the 10-week moving average since coming out of a loose Cup & Handle pattern back in early August. Institutions generally come in to buy on the first and second touch of the 10WMA after a base breakout, so volume on the bounce will be the key in the coming days.

trad3r9

The pocket pivot on Friday shows demand coming back in for $CWY after a little shakeout earlier in the week. Not much resistance if it can clear the current (potential) C&H pattern high of $1.485. Good long-term uptrend since 2016 but it's been slowing moving in recent months.

trad3r9

The Cup & Handle pattern is also potentially the right side of a multi-year Inverted Head & Shoulders pattern, which is very bullish if it can penetrate the neckline (70-72 area). In the short-term, another small contraction near 70 would be very constructive.

trad3r9

The current pullback on low volume is looking good as CM8 tries to form a bull flag here. Will watch closely for an opportunity to add to current position.

trad3r9

Volume leaves a lot to be desired but the wide-spread bar with a close in the upper range is a positive. A couple of narrow-range days here and it could go.

trad3r9

$BIG is worth watching for a bounce after the recent minor pivot breakout and then low volume pullback. Potential long on an above average volume bounce. Down days have been on relatively low volume vs up days. The high volume break below support in early September turned out to be a Spring (it looks like a classic Wyckoff Bag Holding where the pros soaked up...