WavesPatternsCandlesIndicators

WavesPatternsCandlesIndicators

With the new issue sold out in one week and $2 billion now on the balance sheet things are looking up. Non performing store closures should begin to show up in the bottom line in the near future. The question has been raised as to how much shadow short interest actually exists on this security… how is that a thing/is it really a thing? The chart has a...

WavesPatternsCandlesIndicators

Bullish falling wedge, high volume, and potential Inverse H&S bottom. Perhaps a breakout with an island reversal soon? All that’s missing is some big buyer to overwhelm the shorts as they are looking trapped now.

WavesPatternsCandlesIndicators

There exists a short term and long term bullish case for GameStop. Fuelled by the last short squeeze this company has a strong cash position thanks to investors buying up new share issues and is poised to begin turning a profit in its retail division thanks to store closures. Patience may be required to see these consolidations begin to take effect and the...

WavesPatternsCandlesIndicators

Bullish rising wedge breakout seen here which if the squeeze is on again could lead to a rip higher soon.

WavesPatternsCandlesIndicators

We tested support today but didn’t get a gap fill from Monday’s open. Will buyers step in to take this stock to the moon again or will the hedge funds win this round. I’m in as of yesterday and added to my position today.

WavesPatternsCandlesIndicators

There’s a potential gap fill at the open on Monday below, but there’s also 2 gaps above current levels. A head and shoulders top breakout suggests the PTB are likely to quickly mount a pullback to pre Monday gap levels… with 20% short interest if enough retail players get onboard again we could see another round of squeeze and hedge fund blow ups. The falling...

WavesPatternsCandlesIndicators

The min target is $22.25 for the H&S top (grey lines). The red trendline is a great level to place a stop loss. This trade if it works out has great risk/reward potential. Not investing advice. All your trades are at your own risk as nothing is guaranteed with any analysis.

WavesPatternsCandlesIndicators

Sell short with stop loss at the top of the red zone with min. target at bottom of green zone shop the breakout confirmation occur. Keep on lowering stop loss orders once this trade begins to work out.

WavesPatternsCandlesIndicators

Sell short here with stop loss just beyond today’s gap fill. The rising wedge broke down and snapped back in an attempt to fill the gap. Once the H&S top breaks out and fills the gap below the neckline the min. target is $2.90. Then it’s time to start thinking about switching to long positions again with a stop loss just below.

WavesPatternsCandlesIndicators

This morning we have a breakout confirmation of a Head and Shoulders top with minimum target of $23.5 and a stop loss not far away to the upside. The risk/reward is as good as it gets on this short trade.

WavesPatternsCandlesIndicators

A breakout of the rising wedge strengthened the case for an upcoming bearish H&S top in Silver. Should the $26.7 level be breached the min target is $23.5

WavesPatternsCandlesIndicators

The red trendline indicates a H&S top… should this H&S min. target be reached it also triggers a much more bearish target with the breakout of a 2yr old rising wedge.

WavesPatternsCandlesIndicators

The rising wedges, broadening top breakouts apparently have marked a B wave rally peak which started 2 years ago. A swift ride down to test the wave A low is likely once the larger rising wedge breaks down. A crash is likely going forward, in the age of algorithms this isn’t going to be pretty.

WavesPatternsCandlesIndicators

Switching to a more bearish H&S top with a rising wedge for the right shoulder. Perhaps one more rally to the top of the wedge trading range then off to break the neckline with a selling climax. Longer term, bullish outlook!

WavesPatternsCandlesIndicators

Silver is about to get clobbered to the downside. The new head and shoulders top looks ready to get confirmation shortly with a right shoulder rising wedge formation. Min target $2.60 should the neckline breakout occur. Should this come to fruition, an excellent buying opportunity will present itself.

WavesPatternsCandlesIndicators

Two head and shoulders top formations are seen here with the second formation not yet confirmed with a breakout. Todays price action suggests the more bearish H&S formation with min $2.60 target is the correct call with a rising wedge seen during today’s rally to for a right shoulder. Should this call come to fruition, it would be a great opportunity to switch...

WavesPatternsCandlesIndicators

The breakout occurred yesterday and today the neckline could be the bounce target since the bounce is forming a rising wedge. The upper limit of a potential Elliot Wave count would be invalidated should the horizontal red line fail to cap a rally which surpasses the neckline. After the current rally is completed a swift reversal to test the $25-26 range appears...

WavesPatternsCandlesIndicators

Head and shoulders intermediate top seen, not yet confirmed.