BTC doesn't want to leave its Friday closing price, good day trading practice. These are all real (not changed after the fact based on patterns and price levels) I have 1 small long in there (hard to find). This is not a prediction of what might happen the scale is way smaller than my normal trading. I would say I'm bias short on the 15minute, but on a daily...
I consistently find that SPX / DXY provide the most reliable wave patterns. I'm anticipating a healthy Wave 4 pullback in the near term. Currently, I am gradually building hedge positions and taking profits while exercising caution ahead of the upcoming inflation report
Someone once said, "The most bullish thing a stock can do is go up". However, in this case, the most technically bullish move BTC can make is to complete its lower-level correction (a-b-c). If BTC continues to gradually rise, it could suggest the formation of a higher level Wave C of B, which my turn bearish
After DXY complete triangle up (3 waves) to 105, I am expecting a 1 year slide lower to support at 88
Bulls not done yet, look like anywhere form 1 to 2 more wave 5 in the tank.
This is what I see based on fractal patterns from the past: we are currently in the middle of a large five-wave triangle of distribution
This seems about right, ITs good to have the FED let us know where the top is going to be. Once the rate cut happens (or no rate cut happens) big tech exhausts itself / the narrative changes and its about the election ?
As long as we stay above 1.35 I think we going up to 1.5 or 1.55
While price seems extreme bullish, (Yellow 1-2, 1-2,....), There is a potential ending diagonal count to be considered at this point. Either way Bull or Bear a slow down or consolidation seems likely.
For those SPX Bears who have noticed the percent(%) of stock above the 50-day has been dropping from the beginning of 2024 and wondering … Why hasn’t the SPX been dropping as it typically does when this happens ?,....Unless SPX drops suddenly , here's the 2024 plan: First: If you have noticed this your way to smart and shouldn't be trading stocks (try landing...
We are either at or 5% near the top. Dell has risen all on AI HYPE , earnings have been lack luster and do not support this rise/ technically overbought with divergence on all time frames. IMHO, This is a straight forward SHORT set up with stops above 85, or highest high. I think it will go lower at a minimum to test the previous ATH and fill the 55 ...
Seen this before. short tern bearish need to go now, good luck
Looks like we have , what is (by now) to be a familiar bottoming pattern . If your feeling like BIG tech is had its run an you want to rotate over this stock has always been a giver, when others were takers
A daily close above 4330 would negate this short idea until a more substantial sign of weakness is demonstrated . There will be several support areas to unwind if market heads lower each zone will be an area to pause and pay particular attention.
NKD!, Japan market reversal expected, soon /to a week away.
USDCAD 8hr & 1 week fractals Expecting more upside on USDCAD based on the continuation pattern fractals on chart
Admittedly a bit early to publish this before the market closes: (because market could inch up all day and into Monday), BUT looks like a potential bearish Gartley harmonic on the NAS ... APPL still looks as though it has fuel in the tank to 165. So do your own do dill...this is just an idea
I'm thinking market is in a medium term (weekly) triangle pattern up. Daily short, Weekly long, Monthly Neutral. Looking for swing trades