Downloading...
Download

Harmonicbutterfly

Intel (INTC) ... A Confluence of Positive PatternsA suggestion for those looking to establish a long INTC position. 1) Intel has traced out a bullish Butterfly pattern going back to November of 2020. 2) Price action has taken it to a Pitchfork bottom. 3) Within this is a Bullish Black Swan Harmonic. 4) My momentum indicator suggests near price exhaustion to the down side No guarantees of success but I am looking to establish a long position. I need a sign of a clear reversal both in the broader markets and for INTC. A breach of $39.19 will probably be my INTC price entry trigger. Upside price targets are indicated. Not investment advice do your own due diligence and pay attention to the broader markets and interest rate trends. Good Luck S.
NASDAQ:INTCLong
by Steve666
2
AAPL - Short term bearishNASDAQ:AAPL had a great run up last year. It had respected long term trendline support very well. It tried to break the trendline in March 2022 but faced a strong buying pressure at 150 level. Buyers jumped in and took the price back above the trendline. Price ended up making lower high which shows weakness in bullish momentum. Price reversed strongly and broke down below long term trendline support which indicates trend reversal. AAPL is forming Butterfly and Bat harmonic PRZ pattern and it just got activated last week when the price closed below the neckline(B level). Based on XABCD harmonic rules, the price would come down to level D(Price Reversal Zone) and reverse from there(somewhere between 123 and 126). AAPL was also in a ttmsqueeze on a weekly timeframe and is just getting out of it, so momentum could be seen for few weeks.
NASDAQ:AAPLShort
by PriceActionTrader1
3
TSLA - Short term bearishNASDAQ:TSLA had a great run up last year. It had respected long term trendline support very well. It tried to break the trendline in February 2022 but faced a strong buying pressure at 700 level. Buyers jumped in and took the price back above the trendline. This buying momentum was short lived which you can see from highlighted ellipse on the chart(Candle bodies got smaller and smaller). Price ended up making lower high which shows weakness in bullish momentum. Price reversed strongly and broke down below long term trendline support which indicates trend reversal. TSLA is forming Butterfly harmonic PRZ pattern and it just got activated this week when the price closed below the neckline(B level). Based on Butterfly harmonic rules, the price would come down to level D(Price Reversal Zone) and reverse from there. TSLA was also in a ttmsqueeze on a weekly timeframe and is just getting out of it, so momentum could be seen for few weeks.
NASDAQ:TSLAShort
by PriceActionTrader1
1