kicking myself i didnt keep one share at 2$ if youre like me and missed that opportunity. this might be your second best. previous resistance now acting as support. bullish divergence on rsi. increased volume on break of resistance and now low volume pull back back into that area to see if it is support. and so far so good. stops around 16 - 17.. ish. depends...
The Bank of America Corporation (BAC) got rejected again on its 1W MA50 (blue trend-line), a level that has been acting as a Resistance since the March 2022 break-down. This has created a Lower Highs trend-line that is the key pivot level now. But before that, let's see how it's been trading on a +10 year basis. As you see on this chart, ever since the November...
interesting chart. i have the AVWAP at the 52 week low showing confluence with the support trend line. after earnings and fed speak we broke out the channel. were coming close to geting above the 0.68 fib retrace from last high 132/133ish area. were also tradin above the 200-100-50 moving averages that can also be a giant bull flag and cup and handle and all...
just some coloring.. could we sell our charts as arts? okay, kidding. i like CCJ..check out the 9/17 calls 28 strike and the 10/15/21 28's (really anything between $20 and 32ish) Price prediction. IMO. is bullish. Do i think this exact thing will happen? ..not at all. i just wanted to draw but its making stops and hitting locations just like before. trade safe...
as i was helping someone better understand some of these terms, like golden pocket... actually ill skip it. okay the SPY, everyone's favorite!... (to play 0dtes on) jk, i do it too sometimes. This is a great example of a "high probability set up" . when you have multiple indicators pointing to the same thing. we have not 1 not 2 not 3 but 4! indicators all...
heavily shorted stock $MARA. weekly time frame we have a head and shoulders and we just broke the neckline now coming back in to test it, the big IF is if it can now hold as support. lost momentum from the profit taking and sell the news plus going into 3 day weekend. we had a promising break (if you caught that move to 32, nice one) Esp off all the Bitcoin ETF...
Pure speculation. i just want to see how this plays out. AMC is targeting $16.41. At that point, two Elliott Waves of pristine proportions converge, and two Wyckoff Accumulations hit their spring points. Gaps also love to be filled. Do you think we will go down to 12-14? or 9 and below? because those will be the next price targets to the down side. or do you...
So i decided to expand upon my previous post which ill link in this one and this one in the other, so regardless if this pans out or not, for educational purposes. this would be the way to play this type of set up. imo not all flags, pennants, wedges, triangles are created equal. there is A+ B+ C+ and D+ patterns. factors depend on things like volume, volume...
on the 1hr we have a clear Ascending wedge. lets see if we can break some of these S/R zones (purple). i think we chop side ways until some bigger news comes or enough time passes. 412 is support 414 is nice little resistance. atleast thats range for now, i expected it to wick down alil further before going up, but we deff gapped down which i mentioned yesterday....
diamond continuation/top/bottom patterns are rare and hard to spot, best used with other indicators or analysis tools etc. when price breaks out of the diamond it can signal continuation of previous uptrend (or mark tops and bottoms). to measure the move take the high and low and you can take that distance from the break out as an estimated target, break out=...
grrr messsed it up aggrevtinggg aaaaaaaaaaadddd sdfksdhfjkshdjfhsdjkfksd; since they cant show it
For fun i was just re reading up on Wycoffs Methods and decide to put it on the chart to see how it holds up (to the well known photo) which it really doesnt have to look anything like the photo just so long as those steps or should i say Causes and Effects or Efforts and Results happen, it can better help you know whats happening. and not all of them have to be...
inverse H&S. this is for fun guys. first touch the down trend line (could be like the santa claus rally) then pull back start of year. then completing the inverse H&S bounce again and breaking the neckline and the down trend line at the same time.. that would be some cool technical TA if that actually played out. this is just for fun. i could see some of this...
The diamond bottom pattern is not a common formation but is considered a strong bullish reversal pattern amongst technical analysts. This bullish reversal pattern first expands from the left-hand side and then contracts into a narrower range, until price breaks out above the resistance line and completes the pattern.
increased oddss possible rallly into close based off internals.
This is a Continuation Wedge Pattern, Medium-term Bearish. The inbound duration took about 64 days. the expected pattern duration *from the break of the wedge*, is roughly 22 days. with a target price anywhere around that 200 area. say 199 - 207 i dont want to keep boring you soo, i hoped you enjoyed this, and if you did could you kindly smash like! Happy...
harmonic butterfl on daily time frame. (ignore the orange descending wedge, thats older and just dont want to delete it yet. still funny it came down and tapped that bottom trend line perfectly) this idea came to me prety fast i dont have much to say about it i just want it archived in my published ideas thing. cheers.
the orange triangle apex was broken. it was for a little it shorter time frame with the maroon being a bigger time frame (daily) and we can see we broke the short term and went right above the daily. do we see a upside to the 800ema (white line) and retest, then further go up ( white dashed lines) or the opposite (yellow dashed line) similar things with the s&p500...