TradingNomadic

TradingNomadic

Been in this one since the bottom but there is another development here. An inverse head & shoulders and the right shoulder is backtesting the inflection zone as support. I figure we will at least go fill in those last couple wicks and test 3.30 again if it holds above this zone, but the measured move of the inverse head and shoulders should bring you beyond...

TradingNomadic

Still watching this 3 rising valleys pattern on DOGE. This is a classic accumulation structure making higher highs and higher lows. Above this local zone we are breaking, its a pretty straight shot up to .15 cents but if we can get into the upper zone, i think the real target is going to be .30 cents. Personally taking these patterns zone by zone and keeping an...

TradingNomadic

Looks like we might be getting a partial decline here which is typical after testing the top of the formation the first time. Need to see a clean break above that level to open things open to the top of the range at 29$. TOTAL2 is developing a strcture just like like this, and across the market, most of these structures at least reach a . 618 retracement Judging...

TradingNomadic Updated 

This is a work of art. Thomas Bulkowski talks about the right angled and descending broadening formations, and this also fits into my previous outline of the TOTAL2 charts progress inside of a wyckoff distribution schematic. Typically these dont break out on the first attempting, but the retrace now gives us the argument of a partial decline inside of this...

TradingNomadic

YGG testing a critical zone here after breaking out of the falling wedge. You can see on the volume profile the amount of acceleration thats taken place. If bulls manage to break above this inflection zone, historically its .89 cents next with a little overhead supply around .66 cents Above the range, id anticipate price to return to the orange zones to...

TradingNomadic Updated 

I posted a similar chart with this pattern back in July 2021 before Bitcoin ran up to hit the 1.13 eventually before a major correction. Ive been posting a smaller version of the dragon but since ive seen how the rest of the market is playing out, ive updated some targets. Of course 28k will be a major zone of resistance, but a common retracement to the .618...

TradingNomadic

Nice clean checkback on the supply line here, still have some work to do on clearing out the Ichimoku cloud though. Id find confidence above 1.16, ideally with a proper check back followed by continuation. You would need to test the .382 at 1.84 (Dragons hump) next, with a little overhead resistance at 1.37 on the way. Historically its straight up and down...

TradingNomadic

Looks like we're attempting to break and test the downtrend here on AAVE. If it holds, the next move would be up toward the .382 to test the Dragon "Hump" Many of these patterns in the market right now are reaching the .618 fairly easily which is sitting around 189. Above that id probably look for the 2.0 extension of the local range at 267. This is a 3 day...

TradingNomadic

ICP looking great here still after recovering into the range and a successful checkback. Breaking local highs here with overhead resistance at 7$. Historically its straight up and down between here and 9.45 which is what the green circles represent. 14.58 would be the next resistance levels above that where the wave began that brought us into this part of the...

TradingNomadic

Real nice pop on our SOXL long entry today. Engulfing above local highs and 2019 resistance. Should be a smooth ride up to the test the precovid highs, but if the market continues to rise, the 382 would be a target beyond that at around 32.

TradingNomadic

We have broken the downsloping supply line here on EBAY, whether you want to look at this as a 3 drives or an inverse head and shoulders, the targets would be similar. Another one with clear divergence, rising momentum and volatility.

TradingNomadic

Another inverse head and shoulders we have been following, setting up for a 3 bar play, bullish continuation. A little off the entry on this one but volatility is still rising with momentum and above clear resistance. A check back would be ideal, but its hard to say we will get one this far along.

TradingNomadic

Real clean 3 drives pattern here on TLRY bullish with bullish divergence on the last 2 lows. Possible setting up the 3 bar play as well. This one has declining volatility at the moment, so it could consolidate a little further before the stronger move comes in. It IS however above the support of the first low and attempting to break local resistance.

TradingNomadic

Another common pattern ive been seeing across the market is the Bullish dragon with the lower low on C which would give me the impression that we could see a 786 return. In the case of a double bottom, we would look for a target a bit higher at the 2.0 extension around the 886, which would end up being a Bearish Shark, rather than the cypher here.

TradingNomadic

Another inverse head and shoulders with bullish divergence on the lowest low. Bullishly engulfing here on the 3D potentially seting up for a 3bar play continuation.

TradingNomadic

A lot of these going around in the stock market right now. Inverse head and shoulders / Bullish dragon with a lower low on the second bottom to develop bullish divergence. Rising momentum and volatility here on the 3d.

TradingNomadic

Real nice inverse head and shoulders here on Shop with a higher right shoulder. Rising momentum and volatility.

TradingNomadic

Real clear bullish divergence here on ARKK, breaking out of the wedge, and engulfing off the backtest.