6 replies to this topic

[K Wave]

So here was the 5 min and 3 hour looks at the pic perfect 3 drives to a top that led to Tesla's demise.

 

 

 

 

Edited by K Wave, 16 October 2022 - 08:38 AM.

[K Wave]

And now we have the AZO ORLY epic bubble cabal...notably brother AAP may turn out to be a big dead canary.

 

AZO 5 - if the 5 min 900 gets broken anytime soon likely a HUGE warning sign for these stocks and by extension, likely the market in general, just as TSLA was.

 

 

AZO 3 hour...has "the look" to it. Now we see if we get the signal soon.

 

 

ORLY pretty much the same.

 

ORLY 5

 

 

ORLY 3 hour

 

Edited by K Wave, 16 October 2022 - 08:45 AM.

[K Wave]

And the Big Kahuna of the Dow 30 - UNH

 

This one is a bit more complex, and I can still see possibility for one last ramp before the insane bubble pops.

 

But if we get under about 508 next week, and definitely if under 500 again, could be over as of Friday.

 

Here are a whole bunch of time frames that suggest that if the hourly gets reclaimed by Bears, then things reasonably likely start to come undone.

 

1 min - back under 510 possible first warning to bulls

 

 

3 min - back under 3 min declining 900 would likely indicate throwover possibility a real threat

 

 

5 min - again 510 area could be pivotal

 

 

 

30 min -still attempting to rollover after the big rampola into resistance.

 

 

60 min - also threatening rollover of structure if bulls do not hold at Friday pivot area.

 

 

120 min - this still not dead just yet, but another move under 500 might be one time too many...tops take time...this one may be almost done...we see soon...

 

 

 

[K Wave]

In any event, if the last cars stocks above DO NOT continue higher, I would consider that a BIG warning to bulls...

 

My guess is they have at best one last ramp left in the tank if they do manage to not fall over next week.

Edited by K Wave, 16 October 2022 - 09:02 AM.

[slupert]

UNH  hasnt been able to break out of its Bull Flag, after the low pole reversal, it stopped at the bearish resistance line and headed south. Other metrics look good. it wants higher market is killing it; https://schrts.co/udwHFEBx

 

The sharp chaty shows , quadruple top failure (or at least a sloppy one), this sucker won't die though, sign of strength, If it breaks the bearish resistance line it will go screaming higher. Optimum strategy is to get this one on a successful retest,  https://schrts.co/hKUfpNwX

[K Wave]

UNH  hasnt been able to break out of its Bull Flag, after the low pole reversal, it stopped at the bearish resistance line and headed south. Other metrics look good. it wants higher market is killing it; https://schrts.co/udwHFEBx

 

The sharp chaty shows , quadruple top failure (or at least a sloppy one), this sucker won't die though, sign of strength, If it breaks the bearish resistance line it will go screaming higher. Optimum strategy is to get this one on a successful retest,  https://schrts.co/hKUfpNwX

Monthly suggests it is REAL close to being done...watch that momo...once it gets up a head of steam downside, this will turn into yet another disaster story...

Be long if this breaks 500 again at your peril....

 

[slupert]

 

UNH  hasnt been able to break out of its Bull Flag, after the low pole reversal, it stopped at the bearish resistance line and headed south. Other metrics look good. it wants higher market is killing it; https://schrts.co/udwHFEBx

 

The sharp chaty shows , quadruple top failure (or at least a sloppy one), this sucker won't die though, sign of strength, If it breaks the bearish resistance line it will go screaming higher. Optimum strategy is to get this one on a successful retest,  https://schrts.co/hKUfpNwX

Monthly suggests it is REAL close to being done...watch that momo...once it gets up a head of steam downside, this will turn into yet another disaster story...

Be long if this breaks 500 again at your peril....

 

 

does look pretty scary in that time frame