This Same Chart Pattern Is Appearing on Many Dozens of Names; Here Are 20 Examples

The pattern is self-explanatory. I see it present on dozens and dozens of names. I will show you 20 examples of where I see it, and list about 10 other tickers where I see it (but without also posting the chart).

Now, with this pattern, it shows potential, not guarantees. I just find it interesting that I see it in so many places all at the same time. Could they all fail together? Yes. It is a pattern that you can see in a down trend. However, it is also a pattern you will often see at a very bottom. If these do play out, many, many dozens of names may have already bottomed.

$AAL

AAL

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Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.


A Look at the Death Spiral that Is $RBLX

$RBLX remains somewhat unclear to me. But I will note a few things here.

  1. The move first to all-time highs then immediately to all-time lows makes me believe that this may be a large expanded flat correction.
  2. The final leg of such a structure should be a 5-wave impulse, and that’s just what it looks like.
  3. There is bullish divergence present (and very sharp bullish divergence on the daily), which inclines me to think that the middle (strongest part) of the move is behind us.
  4. There is a fib relationship that may work here, but I am not certain of it, as I am not certain yet about the structure of what I have labelled as intermediate (orange) “A.”

And so, what we would like to know is how close this is to being done, if it’s going to be done and produce a new bullish structure. And I’m not sure. It is difficult for me to count the final 5th minor (green) wave of orange “C” as complete, as I do not yet see 5-waves there. So, it may go lower. But, perhaps the most momentous part of the move is behind us. There is good volume here, perhaps suggestive of capitulation.

We will need to see some big green, high-volume candles to gain any confidence that its decline is nearing an end.

RBLX


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.


A First Look at $RBLX

I have been watching $RBLX since its inception, and so far at least, everything looks basically corrective. If we wanted to test whether the whole corrective period is over, now is our chance, as the little move off the recent lows is a little 5-wave move (green arrow).

What we would like to see from here is a pullback to roughly the orange box below, followed by another rally to the orange box above. If, during the course of all of that, we form another 5-wave move of a larger degree, we can gain confidence that it is entering its first, genuinely bullish sequence.

RBLX

Read more “A First Look at $RBLX”


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.