Cobra's Market View

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triangle, continuation pattern in theory, reversal pattern most of the time in reality, let's see.

members only update starts here: http://www.cobrasmarketview.com/2018/10 ... ay-update/

1 min. a success reversed late Friday

5 min. is the next for bulls to worry, 5 dma is a key resistance and stand right around 38.2% fib from the Hi to Lo. any thing above that, bulls will be flying HH, or bear flag is in the plate.

Intraday Buy day for now.

TICKs trying to break thru their MA lines....

good morning
guess is some recovery today followed by more weakness. bulls will have better chances over 2800 levels sp, but not banking on it. expect new lows by week end. china italy yuk.

Watching this triangle....

Having a weak morning like Friday, wearing out the dip buyer? new HOD from here will change all that or I will sell the next turn on LH

Bios almost back to previous lows, do we get enough to play a bounce??

intraday we are now having IHS, looking good bulls

Keep it simple

if bulls can touch the Friday's high (blue line), breakout is more likely. Let's see.

BullBear52x wrote:intraday we are now having IHS, looking good bulls

dang charts not working . possible, not usual, but possible ascending triangle reversal on hourly sp. must break 2780ish level and maintain, good for 60 pts or so on the up...

entering buy the dip zone. will see from here, a failure to buy meant I am done for da day.....

brokebybernacke2 wrote:

BullBear52x wrote:intraday we are now having IHS, looking good bulls

dang charts not working . possible, not usual, but possible ascending triangle reversal on hourly sp. must break 2780ish level and maintain, good for 60 pts or so on the up...

I am not happy this 12 points reversal but one more buy coupon before I say the bulls are FAULKED

Wonder if there was some news??

Buy, no new high from here, bulls need to pack up and go home