ChaldeaCode

ChaldeaCode Jul 21, 2022

$TSLA TELSA I have been waiting so patiently for TESLA to meltdown and it just keeps showing strength and pulling through. Elon fans are still strong while Elon is out frolicking on a boat shirtless with skin that hasn't seen sunlight since the pandemic looking for baby mama number 5. As you can see above, TESLA has formed a head & shoulder pattern on the...

ChaldeaCode Jul 4, 2022

$META FACEBOOK Meta Technology Company Falling Wedge Pattern - Descending Channel - Double Bottom at support with a bullish harami on the 4 hour candle. $META is looking bullish from here on a technical view for a bounce off the bottom trendline. If it breaks out and holds above the channel it has a measured move of $234 target. GAPS are marked in RED. Word...

ChaldeaCode Jul 4, 2022

$TSLA TESLA I wouldn't ignore this bearish pennant on the 1 Day - daily. It had a death cross on daily at the end of MAY. This is generally a lagging indicator and it appears it might be ready to show out after printing a bearish consolidating pattern. Support levels are marked below. Also a GAP marked in RED. I am wishful hoping the gap will fill because I...

ChaldeaCode Jul 4, 2022

$GOOG GOOGLE This rising wedge could be confused as a bear flag, however, both patterns are similar, bearish and generally followed by downside. My guess is we fill the gap below the next support before seeing any major reversal on this stock. Are there any hungry bears out there? GOOGLE this pattern and get ready! On a fundamentals it is a buy buy buy...

ChaldeaCode Jul 4, 2022

$TSM Taiwan Semiconductor Manufacturing Company Ltd. completed a clear as day WYCKOFF distribution TOP. Currently it is sitting on major support. Losing this $76 area would be bearish to $60 because there isn't much support below $76 to hold it up. $TSM is GAP city (Gaps are marked in Red), big gap below Support and many gaps above. So far, this stock has not...

ChaldeaCode Jul 4, 2022

$MSFT MICROSOFT is Printing BULLISH Reversal Patterns, much like $AAPL has as they are related tech stocks. Let's review the chart: 1. There is a BROADENING DECSENDING WEDGE which is a bullish reversal pattern much like the falling wedge but expanding. This could either breakout soon or tap the bottom trendline for a third time before breaking out. 2. Textbook...

ChaldeaCode Jul 4, 2022

$AAPL Apple Inc. is showing multiple bullish indicating reversal patterns. Lots going on in this chart lets review: 1. I'm spotting a FALLING WEDGE (marked in white). This could drop lower and tap the bottom trendline on the wedge for a third time before reversing, however, it held the $135.50 support Friday indicating a higher probability for upside. The first...

ChaldeaCode Jul 2, 2022

$NVDA Nvidia Tech Company has a similar chart to $MU and $AMD - $MU earnings revealed negative sentiment sending both $AMD & $NVDA downward on relation of fear that the chip market is slowing growth. Nvidia has not shown any technical signs of reversal on the lower timeframes yet. Above I've marked important levels on the weekly timeframe. With the slowing...

ChaldeaCode Jul 2, 2022

$CVX Chevron Corp This is one of my favorite charts because it had a clear UPTHRUST WYCKOFF DISTRIBUTION PATTERN and I was able to short the full measured move down without a sweat and share that with my friends, yay money! Chevron has completed the full measured move down on the WYCKOFF distribution pattern and is showing signs of accumulation. A few things to...

ChaldeaCode Jul 2, 2022

$AMD has been on a downward spiral printing bearish consolidation patterns after each drop. The negative earnings report recently didn't help the stock price as you can see it has plummeted to a major support level. It hasn't shown any signs of reversal yet. If it breaks below $72 it doesn't have much support until $59 area. YIKES! As most tech stocks, AMD is...

ChaldeaCode Jul 2, 2022

Let's talk about the obvious head & shoulder pattern on the Amazon daily chart and why it isn't a true textbook head and shoulder pattern. (please don't come for me, this is just my opinion lol) 1. a Head & Shoulder is made during an uptrend. This one on $amzn was created on a downtrend. 2. the VOLUME on the left shoulder should show highest green volume bar...

ChaldeaCode Jul 2, 2022

The S & P 500 is showing mixed technical analysis, while the bear flag is the most obvious in the chart. The bullish price action near support could turn this into a diamond reversal bottom if we continue side ways and print CPI showing positive signs that inflation is slowing. It could also move upwards if CPI prints stagnant proving the increase of rates and QT...

ChaldeaCode Jun 21, 2022

This can be best viewed on the weekly. It is currently retracing down building a mini handle, if this breaks to the upside the measured height of this cup would be a large percentage profit target. $dxy looks topped out and bearish along with the stock market and crypto currencies. Could gold make a comeback and outshine the rest of the market? The possibility is...

ChaldeaCode Jun 17, 2022

$SPY $SPX broke down from trend today, will likely sink further, retesting the breakdown of the trendline at some point.

ChaldeaCode Jun 4, 2022

falling wedge on RIBT weekly chart sympathy play off of the rice, grains, barley shortage from covid/war worldwide crisis.

ChaldeaCode May 28, 2022

Having a hard time breaking past resistance. Has tapped resistance 4 times on the 15 minute chart without being able to break-through. Looking bearish at the moment. Alt coins are in trouble!