infbp22

infbp22

Early I had posted my interest in our bounce from the golden pocket. It retraced from the bearish divergence as I expected, and has seemed to have broken out of the prior decending wedge. However! Just ahead lies the heavy resistance in the 9100-9250 range. The confluence is what is concerning. It lands right on the .382 dead count bounce FIB, as well as the top...

infbp22

Looks like we hit a high of about 9190 then the bearish divergence did its dirty work. Because of the additional price gain, I reajusted the FIBS. Also, the 50% retrace may be more likely now; there seems to be a decent amount of support in that region. Trade safe and remember, we are STILL i na downtrend! Betting against the trend is risky buisness.

infbp22

This is what I will be lookin gand hoping for to end the downtrend. If not, I think we will continue in the downtrend and possible establish another lower low, before we head up again.

infbp22

Hello all, BTC is sparking my interest again. Take a look why! It's been in an obvious, slow and painful downtrend for several months. However, this round appears a little different. We are playing around in the golden pocket of the retracement from the low/high of the last little bull run to 16k. On top of that, you can see (green box) that a very healthy...

infbp22

I would close this trade at this point if I were swing trading. If you bought in in the green support area from august, it would have been about a 35-40% gain on this one.

infbp22

I know this sounds crazy, but I have been eyeballing HD for potential Short for a bit. Home Depot is a leading indicator that the economy or housing market is taking a turn. If we see the economy and housing market pull back near the end of 2020 as many predict, we could see a correction all the way down to its larger, ascending support, all the way down to the...

infbp22

Update on ASGN: As I had hoped, we printed a weekly candle ABOVE the dark red decending resistance line we have been fighting forever since the large sell off. I am now super bullish on ASGN and here is why: 1) The stock market as a whole is bullish 2) We have officially broken the resistance and printed a HIGHER HIGH on the weekly. 3) We are printing an...

infbp22

Had some concerns at the end of 2018, but it tweezed and stayed above the curve in black. Following, it executed a perfect bull flag right to 100% of the pole length. I'm suspecting we may have another one of these, and it could be parabolic this time all the way to 340. Expecting some correction in the flag until at least February or so of next year until we hit...

infbp22

A couple positives and a couple sticking points for ASGN. Hopefully in an upward channel in the short term. I believe we need to print a weekly candle above the pivot and descending dark red line. Only then will we confirm breakout above the weird double/triple/IHS bottom thing we have going right now. I think a print above the line will send us to the $84-86 range.

infbp22

Very pleased with my VOD entry. Will be holding for at least a year to avoid taxes, maybe longer if the 150% gain looks attainable. Plan to pick up some more if we get a decent dip again. These crazy times are giving us some voltaility and second chances on entries.

infbp22

What goes up, must come down. While this is not always true in this world, it's much more likely than not that a parabolic movement will eventually see a sharp, then lengthy, dwindling correction before it continues upward. This may seem like a crazy chart, but there are some unavoidable signs that the housing market is slowing down. Some experts are now...

infbp22

I don't feel like this is very likely, but we're in a very volatile and emotional market so it is very possible. Right now they are just lines, but if we get a couple more touches we may be in a legit decending triangle. From my experience with BTC, decending triangles often play out. When I was shorting, this was my favorite indicator to open a short. Completing...

infbp22

I'm very interested in another XRP buy here as well. Still seems to be held well by that ascending support line despite the action these last couple of days with BTC. There are several long rejection wicks as well, which I'm happy about. The only thing I don't like is the RSI was progressively getting higher lows, but now has a lower low. More importanly however,...

infbp22

Again, we are at another strong support area. It also includes the golden pocket of fib retracement from the $83 low all the way to the $363 high. The cup and handle it scrap since the cup has retraced too far. RSI is bearish again as well. We may get some choppiness/sideways movement for as we sit closely between strong support and strong resistance. I'm probably...

infbp22

Wanted to update the chart again. Fairly happy with the daily close. Candle stick is bullish and closed above the S1 support pivot and the black line I drew. We retraced almost exactly 50% with the wick and the cup and handle is still valid. Lets see what happens this week!

infbp22

Disclaimer: I'm a little biased on ASGN because I'm heavily invested and my it's a company stock in the family. Anyhow, I was sad about it failing the inverted head & shoulder pattern, but patience is key. I'm now looking for this double bottom to play out and test the resistance zone around $85. Biased views aside, there are a lot of investors that are very...

infbp22

I have VOD for the long run, since it's floating around a a support zone it's held for 17 years. We're in a bit of a lame decending wedge, and I'd like to see the RSI go into more bullish territory, but if it breaks out it could probably yield a decent 25% gain on a swing.

infbp22

XRP still looking to break out of its decent. However, we are in a very interesting position with the acsending, lower trend line. If it holds, XRP should test the upper line again. Confirmation of breakout could yield some fantastic long term profits. XRP has never been a trader for me, but in investor. It takes it's sweet ass time and will move when its ready.