WavesPatternsCandlesIndicators

WavesPatternsCandlesIndicators

The long term PO remains $42! This update is for those who see the potential head and shoulders pattern developing in Silver and rising wedge breakout. Yes $28 Silver is the PO for the rising wedge which has already broken out. Looking at this chart a potential head and shoulders top is developing and there are a couple of gaps that need filled before liftoff...

WavesPatternsCandlesIndicators

Broadening top seen, with current PO if the recent high is the top. There’s still room to run higher to test the upper boundary of this pattern. Should the current potential head and shoulders top on the hourly chart break out to the downside then the odds of the top being in now increases. The same head and shoulders pattern is showing up in the major averages...

WavesPatternsCandlesIndicators

Bearish rising wedge breakout with PO of $28. Currently forming a rising wedge for the right shoulder of a head and shoulders top, not yet broken out… but we’re at the 50% retracement from the most recent multi year high.

WavesPatternsCandlesIndicators

This bearish rising wedge just had a failed upside breakout, followed by a 5 wave move to test the lower trendline, and followed by a potential dead cat bounce. I’m short, with stop loss set if new highs are set.

WavesPatternsCandlesIndicators

The technicals are very positive with the breakout on nearly a 4% jump in price today on high volume. I’m long, and would treat a pullback to the upper trendline as an early Christmas gift 🎁

WavesPatternsCandlesIndicators

It looks like we’re just shy of a breakout confirmation this rising wedge which in itself might be only a right shoulder of head and shoulders top. Time will tell if this setup plays out or gets canceled out.

WavesPatternsCandlesIndicators

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

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

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

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

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

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

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

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

WavesPatternsCandlesIndicators

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

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

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

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.