Bquat's Account Talk

[nasa1974]

I'm surprised you are only 60/40 bear market. :1244:

 

[Bquat]

I'm surprised you are only 60/40 bear market. :1244:

I only went that much because there is a pump and dump action because someone is trying to form a false bottom here. I did issue a Spidey alert: :worried:

 

[Bquat]

Going with my current Midterm and resistance line held as resistance three times today even with an afternoon pop. I didn't draw a gap because of the two previous bottom tails. Sticking with 60/40 Bearish even with today's dip buy: :suspicious:

 

[Bquat]

As always this is a free guessing service. Aren't we all guessing at this point? If you see something say something because I probably won't see it. :cheesy:

 

[Bquat]

Midterm Channel still good. Late chart:

 

[LTJPFED]

Still trading within the box. Maybe a rally in a downtrend but that 18 day is acting as a magnet.

I still think we might move back down to the bottom of the BB wherever we end up next week. Maybe next day or two we have another small move up with some additional consolidation before we come back down to the bottom. Holiday weekend so I could see light trading tomorrow especially. Perhaps Tuesday we get that turnaround Tuesday, I won't be buying, I can't anyway with TSP shutdown for transactions, but next week could see some confirmation of a change in trend? Or maybe it is another fake out? Who knows. Again nice to make guesses.

 

[Bquat]

I don't know for sure. Is this a consolidation pattern (dark orange) until we start down again or a (false) bottom forming (both orange)? Top of Longterm Channel is holding as resistance as we get to the deadline we can't use:

 

[Bquat]

Spidey thinks this can be a descending stair pattern. ​Me I don't know:

 

[Bquat]

What's the saying "when you see a pattern the pattern will change " maybe it's good Spidey said something

 

[Bquat]

S
A slight redraw for today. Chart: :cheesy:

 

[Bquat]

Looking so much better and maybe the false bottom worked. Is this a holiday trend reversal on low volume creep up? Nothing we can do right now anyway:

 

[Bquat]

Well, I don't know if things have just really changed but it could have:

The Three White Soldiers pattern is formed when three long bullish candles follow a DOWNTREND, signaling a reversal has occurred. This type of triple candlestick pattern is considered as one of the most potent in-yo-face bullish signals, especially when it occurs after an extended downtrend and a short period of consolidation.

Just a heads up right when we can't do transfers.

 

[Bquat]

I could be wrong here as I looked closer. Each candlestick has to be inside the previous one but I don't know if TradingView draws them that way.

 

[Bquat]

June Chart:

 

[Bquat]

So looking like not the three white soldiers and having three day holiday trend reversal. Where's Whipsaw it Wednesday right? ​Small bull flag maybe as top of rectangle acts as support which is a breakout test: :blink:

 

[Epic]

​Wish I could make a decent comment, but I'm no charting expert, that's for sure. The only thing that catches my eye is that these patterns are similar but with different volume levels???
Red, Green, Red, Green, Green, Green, Red, Red........
...and with QT starting today, maybe we drill down similar to the beginning of May like before? :dunno: ​Fill the gap ??

 

[LTJPFED]

Pretty good Epic! What's that saying though, once you recognize the trend, the trend changes? Something like that.

I was thinking we would drop back for yet another retest but wasn't sure when. Maybe if we follow the chart pattern we have our answer. IDK.

 

[Bquat]

​Wish I could make a decent comment, but I'm no charting expert, that's for sure. The only thing that catches my eye is that these patterns are similar but with different volume levels???
Red, Green, Red, Green, Green, Green, Red, Red........
...and with QT starting today, maybe we drill down similar to the beginning of May like before? :dunno: ​Fill the gap ??

View attachment 54524

The change was that the green candles were mostly the same size showing a commitment to the up side but it's not continuing to be bullish.

 

[Bquat]

Working on June chart. Shorter Longterm Bear Flag. Midterm Bull Flag? Just a redraw so far:

 

[Bquat]

Working on June chart. Shorter Longterm Bear Flag. Midterm Bull Flag? Just a redraw so far:

Now what looking better than expected and pile on end of day. Should I bring up the blue line to the bottom of the green candle (left) equal to today's high and turn it red: