tyler_sim

tyler_sim

Seeing a pattern I've seen many times before.. I've dubbed it the "Fake wolf short squeeze" setup.. Essentially it's when a wolf candle prints when still in an overall uptrend and price is not yet overextended to the upside .. Wolf candlesticks after a major upswing can be quite reliable for predicting price corrections, but in the context of a strong uptrend...

tyler_sim

Seeing a pretty good-sized head and shoulders formation in the NASDAQ index that is now pretty well-defined. Much more well-defined than anything we saw during the COVID crash. The daily 200 SMA in pink is also now starting to roll over for the first time in a while. We already got a first fake break below the H&S neckline last month, and I think if we break below...

tyler_sim

While the overall markets have been beaten down due to inflation, rate hikes combined with high asset prices, and the war in Ukraine, certain assets have been certainly rising like fuel and commodities. I'm almost looking at Pfizer as a commodity at this point since they have become so integral in the fight against COVID. Who knows what the future holds for Pfizer...

tyler_sim

Loving the nice head and shoulders setup on NVDA right now. Very clean after a strong run-up. Target is the daily 200 SMA in pink, or slightly below. Opinion only not financial advice.

tyler_sim

Seeing a rounded top beginning to form after a pretty clean ~40% run over the last year or so. This setup remind me a lot of crude oil short I posted a few weeks ago. I did just post a TSLA long idea which totally contradicts this idea, since TSLA is now tracked in the S&P index. Nevertheless, when I see a clean pattern I want to post it. IF this does play out,...

tyler_sim

Tesla had an excellent trading session on Friday, and now the stock appears to be breaking out of a rising channel. Rising channels after a huge run with a break down out of the channel tend to be bearish, but when it's within a healthy trading range with an upside breakout these can be very bullish. I'm still bullish on a select number of stocks given the...

tyler_sim

Seeing a very clean break of a descending trendline after finding support at the daily 200 MA, and now a very clean tight daily flag that is breaking out now. Loving a long trade right here on TSLA. *Opinion only, not financial advice*

tyler_sim

Seeing a rounded top on crude oil right now after a pretty solid run... Definitely raises the odds for a good short at these levels. Target would be the 200 SMA in pink, which could mean a near 20% drop in gas prices... that would be nice! *Opinion only, Not financial advice*

tyler_sim

Seeing a beautiful Rounded Top / Head and Shoulders pattern on JP Morgan right now... Loving a short idea at these levels. *Opinion only, not financial advice*

tyler_sim

Seeing a very nice well-defined Head and Shoulders pattern on Draftkings right now. Liking a short at these levels. *Not financial advice, opinion only*

tyler_sim

Seeing a very clean Head and Shoulders pattern on ETH here. Risk/Reward for a short is favorable at these levels. Thinking this could lead to quite a plunge below the 200 day moving average in pink, before possibly turning back up for another move down the road... Just highlighting possibilities/probabilities. *Not financial advice - Opinion only*

tyler_sim

Nice H&S formation on DIS now. Could lead to a nice drop if it breaks the support in yellow. Seeing a few nice H&S patterns in bigger names that have been leading the overall market higher during the last year or so, right as the Fed announces planned slowdown in QE. Still bullish on many names with nice bases but seeing some topping signals in some big...

tyler_sim

We can see TSLA is now retesting a clean Head and Shoulders topping pattern break. Liking a short idea here. Target in mind is right around the 400 area for now. *Not financial advice, opinion only*

tyler_sim

After seeing GME make a fake break below the symmetrical triangle and then reverse back up with a nice move out of the base, seems like the momentum is back for this wild stock. Liking a long trade on a break of the yellow line right around 265. *Opinion only - not financial advice*

tyler_sim

AMD is retesting the break of the large multi-month Head & Shoulders neckline. If it continues selling off from here I like a short trade here. *Not financial advice. Opinion only.*

tyler_sim

Bitcoin is now backtesting the 50-day moving average which has been a key support zone historically. Supports broken often become resistance zones. This comes after a vertical run without much of a break. I'm often wrong about short ideas on stocks in this bull market but BTC is hyper-extended, so we'll see. *Not financial advice, opinion only*

tyler_sim

Tesla is currently showing a very nice Head and Shoulders pattern with a second test of the neckline. Loving a short on a break below the neckline. This is one of many high-growth stocks that seem to possibly be topping out in the short term. (Opinion only, not financial advice)

tyler_sim

NVDA looking like it could break below this tight trading range it's been in recently. After going on a huge run this year, if it breaks down from this range into a downtrend could have a nice short-term sell-off... Of course wouldn't think about a long-term short given its leadership status in the semiconductor industry, but a nice correction could still be in...