WavesPatternsCandlesIndicators

WavesPatternsCandlesIndicators Feb 18

Call it a double bottom or a Cup and Handle with $42 target. Falling wedge breakout and retesting completed… this testing of the $4-5 range on record volume suggests major accumulation ahead of another bull run.

WavesPatternsCandlesIndicators Dec 12, 2024

The head and shoulders bottom worked out. Perhaps a cup and handle formation will work out if spot silver plays catch up with gold.

WavesPatternsCandlesIndicators Dec 12, 2024

Still looks like a bullish falling wedge breakout with nice support at the lows. It’s made a higher high and a higher low since the breakout from the wedge and should benefit whenever a spot silver plays catch up with gold.

WavesPatternsCandlesIndicators Aug 20, 2024

The July breakdown occurred in 5 waves, this is a warning that the bear move is only just beginning. This rising wedge coupled with the MPOX recent developments is warning of a potential crash.

WavesPatternsCandlesIndicators May 28, 2024

With the new issue sold out in one week and $2 billion now on the balance sheet things are looking up. Non performing store closures should begin to show up in the bottom line in the near future. The question has been raised as to how much shadow short interest actually exists on this security… how is that a thing/is it really a thing? The chart has a...

WavesPatternsCandlesIndicators May 22, 2024

Bullish falling wedge, high volume, and potential Inverse H&S bottom. Perhaps a breakout with an island reversal soon? All that’s missing is some big buyer to overwhelm the shorts as they are looking trapped now.

WavesPatternsCandlesIndicators May 18, 2024

There exists a short term and long term bullish case for GameStop. Fuelled by the last short squeeze this company has a strong cash position thanks to investors buying up new share issues and is poised to begin turning a profit in its retail division thanks to store closures. Patience may be required to see these consolidations begin to take effect and the...

WavesPatternsCandlesIndicators May 18, 2024

Bullish rising wedge breakout seen here which if the squeeze is on again could lead to a rip higher soon.

WavesPatternsCandlesIndicators May 17, 2024

We tested support today but didn’t get a gap fill from Monday’s open. Will buyers step in to take this stock to the moon again or will the hedge funds win this round. I’m in as of yesterday and added to my position today.

WavesPatternsCandlesIndicators May 16, 2024

There’s a potential gap fill at the open on Monday below, but there’s also 2 gaps above current levels. A head and shoulders top breakout suggests the PTB are likely to quickly mount a pullback to pre Monday gap levels… with 20% short interest if enough retail players get onboard again we could see another round of squeeze and hedge fund blow ups. The falling...

WavesPatternsCandlesIndicators May 1, 2024

The min target is $22.25 for the H&S top (grey lines). The red trendline is a great level to place a stop loss. This trade if it works out has great risk/reward potential. Not investing advice. All your trades are at your own risk as nothing is guaranteed with any analysis.

WavesPatternsCandlesIndicators Apr 30, 2024

Sell short with stop loss at the top of the red zone with min. target at bottom of green zone shop the breakout confirmation occur. Keep on lowering stop loss orders once this trade begins to work out.

WavesPatternsCandlesIndicators Apr 30, 2024

Sell short here with stop loss just beyond today’s gap fill. The rising wedge broke down and snapped back in an attempt to fill the gap. Once the H&S top breaks out and fills the gap below the neckline the min. target is $2.90. Then it’s time to start thinking about switching to long positions again with a stop loss just below.

WavesPatternsCandlesIndicators Apr 30, 2024

This morning we have a breakout confirmation of a Head and Shoulders top with minimum target of $23.5 and a stop loss not far away to the upside. The risk/reward is as good as it gets on this short trade.

WavesPatternsCandlesIndicators Apr 27, 2024

A breakout of the rising wedge strengthened the case for an upcoming bearish H&S top in Silver. Should the $26.7 level be breached the min target is $23.5

WavesPatternsCandlesIndicators Apr 26, 2024

The red trendline indicates a H&S top… should this H&S min. target be reached it also triggers a much more bearish target with the breakout of a 2yr old rising wedge.

WavesPatternsCandlesIndicators Apr 26, 2024

The rising wedges, broadening top breakouts apparently have marked a B wave rally peak which started 2 years ago. A swift ride down to test the wave A low is likely once the larger rising wedge breaks down. A crash is likely going forward, in the age of algorithms this isn’t going to be pretty.

WavesPatternsCandlesIndicators Apr 26, 2024

Switching to a more bearish H&S top with a rising wedge for the right shoulder. Perhaps one more rally to the top of the wedge trading range then off to break the neckline with a selling climax. Longer term, bullish outlook!