Bquat's Account Talk

[Bquat]

Looks like the S-train blew through your resistance line and is already at, or past, your exit... =:-o

I think my line was good:

 

[Bquat]

I think my line was good:

Still good:

 

[Bquat]

Little redraw of Midterm channel, Bad news is that we broke below the 50 Day.:worried: Testing left shoulder level as support. P1 is where the right shoulder should complete. P2 is 100 Day test and P3 is projected H&S loss. The slow drop of the right shoulder shows P1 and P2 both have good chances of holding unless selling picks up:

 

[Bquat]

Little redraw of Midterm channel, Bad news is that we broke below the 50 Day.:worried: Testing left shoulder level as support. P1 is where the right shoulder should complete. P2 is 100 Day test and P3 is projected H&S loss. The slow drop of the right shoulder shows P1 and P2 both have good chances of holding unless selling picks up:

Selling is starting to pick up. Watching to see if P1 holds to keep within symmetrical triangle (LH / HL) pattern going otherwise P2 or P3 still possible::worried:

 

[Bquat]

Sorry it took me a while to clean the chart up so you can see it better.

 

[Bquat]

No move for me today. I have an appointment to go to. The S fund didn't even make it to the Dead Cat Bounce line.:worried: At least my last entry line is acting as support, so far. Chart:

 

[Bquat]

Little redraw of Midterm channel, Bad news is that we broke below the 50 Day.:worried: Testing left shoulder level as support. P1 is where the right shoulder should complete. P2 is 100 Day test and P3 is projected H&S loss. The slow drop of the right shoulder shows P1 and P2 both have good chances of holding unless selling picks up:

The selling is accelerating. We need to turn up tomorrow to keep the symmetrical triangle to be in force. P1 was missed and P2 is -10% from peak. There is a slight chance of filling an old gap below P3 (dotted shadow line):

 

[nasa1974]

It looks like we have filled a few gaps. Hopefully a bounce tomorrow?

 

[Bquat]

The selling is accelerating. We need to turn up tomorrow to keep the symmetrical triangle to be in force. P1 was missed and P2 is -10% from peak. There is a slight chance of filling an old gap below P3 (dotted shadow line):

The bad and the ugly. We can forget my symmetrical triangle which is a continuation pattern (uptrend). We are over sold but can embed to the downside today. My 18 Day has crossed my 50 Day. We are close enough to the -10 percent correction but the buying after today's drop was rejected:

 

[Bquat]

As always these are only my opinions and guesses but feel free to comment even if you disagree because your idea my be right.

 

[Bquat]

Possible Descending Triangle or triple bottom:

 

[Bquat]

Redrawing for the Longterm I came up with this. I think the correction is done and we are above the Dead Cat Bounce area.:smile: On the Freestockcharts.com (which I can't show) I have us unembedded and above the Midterm channel. Yes we are below my 18 and 50 Days but because of yesterdays dip buying and unembedding I am bullish. Going 100 S today. Just my guessing:

 

[Bquat]

Well here's my entry. Ready for 50 Day fight::cheesy:

 

[Bquat]

I need this dip to be bought so my entry doesn't look too bad. I think it should return back above the top of the Midterm channel::worried:

 

[Bquat]

Coming out of oversold condition. Thinking that this can be a Bull Flag forming:

 

[bleeck]

It's bumping up against the trend line on the 16 all the way down towards your
3 day gold channel, which appears to be resistance . It breaks that maybe good to go.

 

[nnuut]

Wow, define Bear Flag!

What is a Bear Flag Pattern? A bear flag pattern is constructed by a descending trend or bearish trend, followed by a pause in the trend line or consolidation zone. The strong down move is also called the flagpole while the consolidation is also known as the flag.


Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation.

Yep!

 

[Bquat]

I was thinking small Bull Flag off the last two green candles::cheesy:

 

[Bquat]

I think I will do a couple of color changes on my moving averages. The black looks so dominant as to look like it's stronger resistance than it is meant to be. There now the 50 seems more dominant than the 18 and my entry seems more to the background:

 

[nnuut]

I see that! You're good.