RSI Divergence Significant structure to left Invalidation around 574--trade below and will need to reconsider longs Until then I like the long scalp Have SPY put hedges that will close and swap for calls
2011 and 2024 price action is IDENTICAL I charted this fractal over a week ago when SPX was trading 5415, however I did not share this chart publicly. Here it is: 2011: 2024: The fractal suggests we would see a strong upward swing to the 127.2% extension @ 5815... so far so good.
Just some notes im sharing. I do not know this stock well, but so far it is respecting projections. Ideally we need a pullback to enter long
has consolidated far too long why? f you thats why they beat earnings raised guidance beautiful flag on a low timeframe I expect this name to rally with time
NYSE:DE has found support at a trendline and demand level. I expect this name to continue pushing to the upside Invalidation below 345 Targets 390, 400
NYSE:NKE broke out of a bullish falling wedge. Expecting a strong push to the upside. Targets somewhat align with arrows, but expecting 110, 115, and then previous highs 120-125 Invalidation below $88 Current Contracts: 8/16 105C 9/20 105C 9/20 110C 10/18 110C 11/15 105C 11/15 110C
-1D Head and Shoulders pattern neckline retest -Bullish falling wedge price consolidation -Support at Low Volume Node TARGETS $231 Target 1 $243 Target 2 $251 Target 3 $262 Target 4 $275 Target 5 $283 Target 6 $293 Target 7 INVALIDATION BELOW 210-211
I dont usually trade meme stocks, however I have a buy signal pinging behind the scenes. Basic technicals display a falling wedge breakout. We have momentum & catalyst due to media coverage. I might just take some far OTM monthlies/weeklies Target $55 but could see much higher Invalidation Below $25
NYSE:DIS broke out of two falling wedge consolidation patterns. I expect price to continue to push to the upside. Two initial targets at $102, $108 We should see even higher prices but need to reevaluate price action at those key zones.
Post FOMC selloff /ES has found buyes at 4870 I expect price to push back up towards 4930 Initial Targets are 4910, 4920 Final target 4930 All targets are key price zones and will need to watch for price action at these zones
INTC is trading within a rising wedge pattern. Price has found support at the horizontal demand level and wedge trendline. If price continues to respect these levels we should anticipate a continuation of this bounce to the upside. Trade invalidates if price closes below $31.50 Initial target $40; Secondary target $42
Price action similarities on ES suggest a push to the supply zone around 4560
The Russell can find support where it once found resistance ~1930 Watch for a bounce to the upside
NASDAQ:QCOM continues pushing to the upside since breaking out of a bullish falling wedge pattern (RSI divergence confirmation). The current bullish wave has developed within a flag structure setting higher highs and higher lows. Pay attention to how price reacts at the upper resistance of the flag. 1) If price manages to breakout above the upper resistance...
Best Buy NYSE:BBY potential harmonic pattern completion Harmonic completes around $120 Other notable levels around $85 and $100
AFRM broke out of a bull flag, expecting further upside. Price may retest deeper around the $14.50 level, however longs remain valid as long as price does not break below $12.50 Target 1 $19 Target 2 $21 Invalidation $12.50
NYSE:NET is forming a daily bull flag after retesting a broken triangle accumulation. Expecting further upside Initial Target $100
NASDAQ:COIN completed an abs correction at a trendline retest. Expecting upside momentum. Invalidation below 46, initial target $70. Would like to see higher prices for confirmation to increase to position size.