TradingNomadic

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...

TradingNomadic

Starting to get the impression the correction has ended. While its still early, id look for a move above 28897 to gain confidence. If we do get a continuation off the lows here, above the 26500 would put us above the .236 of the local downtrend, and we'd look for that common retracement zone next. A failure beneath it, or inside it, could be a red flag, and id...

TradingNomadic

More higher lows for ASTR here. Maintaining that lower trend, and now consolidating above the range lows on low volume. Real easy to define risk here, and could very well be a macro bottoming structure, but even a common retracement would make this an equitable trade setup.

TradingNomadic

Real nice setup here on ROSE. Inverse head and shoulders in the context of a lower range deviation and recovery. The retest of the range low came in on low volume, which is what you would want to see in a Spring event and checkback using the wyckoff method. A common retracement would being us first to the range high at the .382 with the measured move of the...

TradingNomadic

We have reached the RED Long MA, which is historically the first step in the recovery after accumulation begins. Next, we have always seen BTC have a mean reversion to the White Long SMA next before a more drawnout and deeper correction. After we get that correction you would expect to see reaccumulation begin again before the "Bull cycle" begins as we near the...

TradingNomadic

This ones a little illiquid but doing all the right things to support the idea of the head and shoulders pattern. Nice volume on the break of the lower resistance, and again on the checkback. Id feel better about it with a close above the inflection zone, or the neckline with a checkback, but given the illiquidity, these type of coins dont always give that...

TradingNomadic

It looks like that mightve been the worst of it. We might have a running flat / Bullish cypher here, and a smaller bullish shark (expanded flat) for the BCD leg of the cypher. Holding high and tight above the 382. Really want to see a successful checkback above the inflection zone to gain confidence in another test of the range highs. If the correction is over...

TradingNomadic

Theta is a nice example of this pattern still developing. This is a critical level. Typically once this level breaks you either get consolidation for the checkback, or straight to the top of the range, and the .382. This also happens to be a gap zone in the chart. After that i would be watching for a move to the 1618 zone at the 50% retracement. If you look left...

TradingNomadic

This is a very critical level for Bitcoin. Holding above the range highs like this would be considered a checkback, and if successful, would be considered a major breakout. Ive attached a pattern studied by Thomas Bulkowski. The right angled and descending broadening wedge. This is another confluence with the idea of bitcoin going much higher into retracement...