Bquat's Account Talk

[Bquat]

Another couple days and the 18 is in your box, maybe trades up to the top of the box and then another move lower. I'm only guessing. I have no clue as to what is going to happen. But that is a guess that seems slightly logical. With all this sideway consolidation perhaps we are building for another bigger move. Always love the charts!

Yes I think I will redraw the Longterm Channel and make the consolidation the main consern.

 

[Bquat]

Redrew the chart to make the consolidation the main thought: :cheesy:

 

[Bquat]

Chart: :worried:

 

[Bquat]

Looking better but if this was really a breakout after this amount of consolidation you would think a bigger candle with Bullish follow through: :blink:

 

[nasa1974]

I like seeing the green candles this week but too many gaps.

 

[Bquat]

I didn't jump in because it was Friday and EOM. This is a longer-term Chart and is a continuation pattern of lower highe and higher lows. The trouble is that the longer trend is down. I don't know why the buying is happening. I will do the March chart maybe later today: :suspicious:

 

[nasa1974]

It looks encouraging. Let's hope those small gaps don't get filled.

 

[Bquat]

April's charts later

 

[Bquat]

Looks like my 100 DMA is holding and so far no test of the breakout. April Chart: :blink:

 

[Bquat]

Looks like my 100 DMA is holding and so far no test of the breakout. April Chart: :blink:

Now going to test the top of the consolidation box. I hope it holds as support and we don't play with the small gaps: :worried:

 

[Bquat]

Now going to test the top of the consolidation box. I hope it holds as support and we don't play with the small gaps: :worried:

Well good test of the consolidation box as support and maybe confirming the breakout. Believe it or not I am neutral. The reason I am not bullish are the little gaps below. So the morning watch is on:

 

[Bquat]

Well good test of the consolidation box as support and maybe confirming the breakout. Believe it or not I am neutral. The reason I am not bullish are the little gaps below. So the morning watch is on:

In the red box: :worried:

 

[shitepoke]

BQ, you thinking another leg down or just hitting the lower gaps?

 

[Bquat]

BQ, you thinking another leg down or just hitting the lower gaps?

I kind of think this still could be a bottom forming in the consolidation box but who knows in a 90 percent news driven market these days. :blink:

 

[Bquat]

Today's bottom Doji is a nice sign but with the gap below I don't trust it. Might be just me I'm a chicken swimming in the duck pond: :cheesy:

 

[Bquat]

Is it a wide "W" pattern forming?

 

[Bquat]

Is it a wide "W" pattern forming?

Chart: :worried:

 

[Bquat]

My 100 DMA held as resistance causing the breakout to fail. Brought back the consolation rectangle as Midterm. Can be a bottom forming but still have the gap: :notrust:​

 

[Bquat]

My 100 DMA held as resistance causing the breakout to fail. Brought back the consolation rectangle as Midterm. Can be a bottom forming but still have the gap: :notrust:​

Little overshoot today so I added Topping Tail line: :blink:

 

[nasa1974]

I would rather see a 2% drop NOW to fill the gap rather than a slow climb and then a much larger drop or a slow bloodletting drop a week or so from today.