TradingNomadic

TradingNomadic

While we have been watching the ascending triangle and clear signs of classic accumulation locally, there is a bigger story here. The next phase of this wyckoff schematic would be the sign of strength. With the ascending triangle breakout here, id say we are en route. The measured move expectation would be 2.58 with the range high at 2.58. 4.56-6.85 would be...

TradingNomadic

ALGO is trying to reclaim the c19 lows here. This is typically the first sign of the reversal, sweeping the lows, and then rejecting the continuation lower. From here you would expect to retest .23 cents illustrated by the golden bubble, which also shows a correlation between this level and .41 cents, with some chop inbetween. The next range we would want to...

TradingNomadic

This has historically been a critical level for XRP and theres a clear correlation between here and the purple bubble at about 1.35, just shy of our 1.618 extension at 1.52 There is also a correlation between .55 and 1.09 it looks like, which we are already above. I'm not predicting we break up here and now, but its something to pay attention to as we continue...

TradingNomadic

A common look for macro reversals in this market. UMA looks to be at an early stage here. In the context of the 3day bullish dragon we would be looking for a break of the supply line, and and an impulsive move to the "hump" or last point of supply. Above that confirms the breakout of the dragon, and essentially, the local double bottom. That might be an area...

TradingNomadic

Looking at this inflection above 5.76 as the critical level here. We want to see a break thru that level and a checkback to confirm the S/R flip. In the context of a right angled and descending broadening formation, you would eventually expect a return to the range highs and a consolidation below it which ultimately gives you a partial decline. This is confirmed...

TradingNomadic

We've got a weekly bullish engulfing candle here on Coinbase if it closes this way. Beyond that, its in the context of 3 rising valleys and a broken supply line off the correction. If we revisit the top of the range it will confirm a partial decline as well, and probabilities would then favor a breakout of the range. Id target the local 1.618 extension at...

TradingNomadic

We've been following LMND since the initial bottom in April. With a clear downsloping demand line and defined over head resistance, this would be typical behavior of a Right angled and descending broadening formation that Bukowski studied. The measured move would be a 2.0 extension of the range, but conservatively, id look for the double bottom measured move...

TradingNomadic

Keeping an eye on DOGE here. Above .07 would be considered a break out locally, and id look for a retest of .11 from there. Above .11 confirms the dragon breakout (The hump) and also the double bottom, with a measured move at about .25 cents. The original range up to .15cents would give you a measured move of .40 cents which is also the 1.618 extension of Wave...

TradingNomadic

Real nice cup and handle here on SPY. This plays into my prior analysis nicely as far as potential extension levels from here. We would want to see this zone held as support for confidence. A confirmation low would be ideal, with the typical signs of momentum shifting such as divergence, and proper candle stick patterns to suggest a reversal of the trend. There...

TradingNomadic

We have broken out of the weekly double bottom pattern and while we have targets higher, i am trying to anticipate what kind of correction we see. In all fairness, with the volatility in this expansion, we could just continue from here before a correction there after. I think an expanded flat correction here would be max pain for early shorts, and late longs....

TradingNomadic

GMT looks like it could be putting in a major bottom here. On lower time frames theres a bullish dragon double bottoming under the range, which id expect to be a deviation. Bulls need to recapture the range, and retest it as support and id begin to look for a major reversal here. Above there id look for a break of .29 with potential for an extension to .47....

TradingNomadic

Ive posted about this one plenty of times over the course of the year but given the market structure break locally, i think it gives a little more confidence in an extension move here. The Daily double bottom has a measured move that will bring us to the top of the range, and test the breakout level of the 3day/weekly double bottom pictured here. Above that, the...

TradingNomadic

Looking for a retest of the range highs here after putting in a double bottom on top of the right angled and descending broadening formation we've been watching all year. a 1.618 extension of the flat correction would bring us into the 35k level with the measured move of the double bottom at 38k If this move up from the lows was Wave 1 of a new impulsive move,...

TradingNomadic

Looking for continued support on this trend to validate. A break above 2041 with a candle close, preferably a checkback, would be the signal im looking for to anticipate a continuation upward. Extension targets at the 1.618 (3432)(the .618 dragon target as well), the double bottom measured move at 3931, and the measured move of the ascending triangle, at the...

TradingNomadic

Filled the gap on spy after the down turn today, leaving behind a Bullish Crab. Looking for a move above the .236 at 429 to open things up here.

TradingNomadic

Still waiting for confirmation of support here, but this is where youd be looking for a reversal on the Bullish Cypher. 786 retracement, and 1.272 extension. This is also a critical inflection level and an extreme level on the PMARP. Volatility has also reached extremes and HSI has reset completely. Currently waiting for a signal from Pulse Active RSI to...

TradingNomadic

Id like to see Wave 4 is complete here at the lower end of the channel but we are having difficulty with this overhead resistance here. Potential inverse head & shoulders if we do lose the neckline / support. Id look for a bounce at the lower end of the trend, and one could begin to argue, IF we pivot, we could be forming a falling wedge. Below that i would...

TradingNomadic

Real nice checkback on the lower end of the demand line. Id look for a bounce at the 382, but ultimately the target of the Inverted dragon would bring you down to the .618. As a reversal pattern / double top, it could very well bring us into the lower to recover some of the imbalances in the lower end of the white range. The measured move of the rising wedge...