This chart shows 15-min candles. We can see two things: 1) descending broadening wedge. 2) inverse head and shoulders. The descending broadening wedge is projected to eventually retrace back to its origin (at the beginning of wave 1, around .4017). The inverse head and shoulders is a powerful reversal pattern found at the end of a downtrend. However, it is also...
$DOGE chart, 15 min candles. The chart pretty much says it all. "You are here." If you look at the similarity between the previous two wave patterns, as noted on the chart, you can see it appears we are starting a new wave up. Zooming out, this would also lead me to believe we have just finished Wave 2 of the larger, all encompassing wave pattern. All of that is...
$FNGU 4-hour candles. After a massive run, FNGU has fallen out of the upward channel it's been in. We also see RSI breaking down below overbought zone and Stoch pulling down too. Also note falling volume as price has been increasing. This would appear to signal a change in trend. Now expecting a pullback to test the lower range of BB. Disclosure: Long $FNGD
$POWW chart, 4-hour candles, notice the similarity in volume as a precursor to moves in MFI and MACD. Also note the move from lower to upper BB as it correlates to MFI upward moves. Also, wave 1 and 2 complete, moving on to wave 3. Looking spicy. Disclosure: I am long $POWW.
Possible Morningstar pattern, on watch. Look for gap up tomorrow, followed by a large green candle. Big volume will also be key and we should hope for more volume than today. As with all patterns, this is not a guarantee and needs confirmation. Also observed: Oversold on Stochastic and nearly oversold on RSI. Plus, I believe this is the end of wave 5. Also of...
This chart shows 30 minute candles. We can see that MFI has been steadily increasing for the last week and a half. Finally, today, we did see an upward curve in Accumulation, which would normally be bullish, except around the same time, we also see MFI going down. This is bearish divergence. But it is only for one day, and fwiw, we can see a similar divergence...
This chart shows 30 minute candles from Feb 25 thru Mar 5. We can see volume steadily diminishes as price goes up. Then, after moving sideways for a day and a half, we see a burst of volume that pushes price higher. The upper, blue trendline is kind of bs, but it is a reflection of the lower blue trendline. This creates a symmetrical triangle (not really because...
Here's my crazy prediction for 3/4/21. $GME gaps up at open to 132 and runs hard to 156, supported by a big, bull volume. This happens in the first 30 minutes of trading. This idea is based on the slight accumulation we saw over the course of trading today. You can see on the chart that we now have a higher low on accumulation/distribution, even if it is slight....
These are 30 minute candles. Trendlines show a broadening, ascending wedge back in January, with five waves. If history were to repeat itself, it might look like a slightly less dramatic pattern but still a broadening, asc wedge in five waves. It also looks like volatility is setting up in the same way it did back in Jan. Disclosure: I am long $GME.
These are 30 min candles. It's apparent on other time increments too, but I think it's easy to see the gradual accumulation taking place over the last couple of days. Combined with the other indicators, fading volume, and a gap above? Conditions could be good for liftoff. Plus, surely MM will want to screw all that bear money in puts again this week. Disclosure:...
This chart (hourly candles) shows bullish divergence on MACD and volume. MFI may be showing a double bottom that forms into a W pattern. This could be a predicter for a reversal to the upside. Options this past week have been pricing in as much as 700% volatility, but that was down to around 300% today (2/5) I think. Regardless, the cult-like nature of this stock...
Three Inside Up pattern observed on the 4-hour chart of XLF. This is a bullish reversal pattern.
On the 4-hour chart, the price poked its head up above the desc wedge that has been forming. I believe we have seen waves 1-4, as noted in the chart. I went long financials today for a potential wave 5.