DanBrooks123

DanBrooks123

At support. Will it hold?

DanBrooks123

Technical analysis suggests a pullback but long trend uptrend looks good.

DanBrooks123

If pattern breaks down short term run looks good to $18.30

DanBrooks123

Pivotal week coming up.

DanBrooks123

Watching for confirmation of Piercing bearish candle and reversal or RSI which is overbought territory

DanBrooks123

Looking for a Head and Shoulder formation on SPY, we have just seen the break though the short term support level. We would then see the neckline act as resistance before we head lower. Short term 3.6% drop, then another 10%.

DanBrooks123

Upward channel bounce off of .38 Fib retracement from major Covid downtrend. Most recent support moved from below 30 RSI for upward continuation. Look for higher high on third uptrend. If the rally fails and breaks through the neckline, this would create a clean H&S pattern.

DanBrooks123

Next expansion will be wave 5, Target Price $7.50-$7.60

DanBrooks123

Looking for bulls to push PHM back to $29.12 + this afternoon and bullish confirmation on 25-June. Hoping restest is for a higher low (no lower than $28.79) to finish right shoulder. Purchase at neckline. 30 Day Price target $31.45, stop loss at $28.62.

DanBrooks123

RRD has returned to 5-wave expansion after brief ABC consolidation. Look for $8.50 in the next 10-15 trading sessions.

DanBrooks123

Need to meet the neckline at 6.41, then Target for this bullish pattern is $6.60 where we see some resistance. $8.30 price target for the next 30-45 days.

DanBrooks123

The hourly chart shows a bears are making a move with gravestone doji and confirmation candlestick. The Lower High resistance line appears to be intact.

DanBrooks123

Looking back for patterns and structure I noticed an inverse head and shoulders in Aug 2017 time frame. Notice that if you extend the neckline to current timeline we are developing another inverse head and sholder pattern with the same neckline. Has anyone ever seen this occur before?

DanBrooks123

I initially missed the Inverse H&S pattern on this one. Neckline 6.83, Target $7.45

DanBrooks123

We will see CY turnover and proceed into consolidation. Looking for support of $15.15 by end of May

DanBrooks123

Nice upward channel to buy on dips. Price range of the pattern is 11% from low to high.

DanBrooks123

Look at the harmonic price action. 33% drop from High to Low (4 events). Price recovery at 45 Days to the next peak (3 events), Fibinacci retracements are at .382 for the last three waves. Harmonic rebound from the latest consolidation puts the Price target at $8.30 for 22% gains.

DanBrooks123

Looking for nice entry at $30.50-$31.00 support level.