Blake F

Trading is fun. Trendlines & patterns. Learned from the best @scottn. 4hr and daily setups. 5 min and 15 min entries. Not financial advice.

[Blake F @12blakers]

$SPY in channel since start of COVID. Breakout on clean descending TL after rate hike bearish move once inflation cooled. Tariff dip bounced exactly off COVID peak and bottom channel. Iran dip after rejecting upper channel. Broke channel after market digested war and AI tech rally.

[Blake F @12blakers]

$MU cracking bottom channel. Entered short. Expecting quick rip down, but could have quick snap back so will be watching closely. Hoping it melts down long enough to hold over holiday weekend, but as always will have stop on.

Entry: $1045
Stop: $1055
TP1 $1005 (200ema on 4hr) - R/R 4:1
TP2: if can’t hold $1000 lots of room on daily to come down for big win

[Blake F @12blakers]

$MU went parabolic, but still trading in a channel.

[Blake F @12blakers]

$CVNA head and shoulders forming. Will go short on break of neckline.

[Blake F @12blakers]

Boom $AAPL exploded thru TP1. Took some profit at $280 (R/R :5:1). Will hold rest for larger move down to 200ema around $270 if good continued price action.

[Blake F @12blakers]

$AAPL forming bear flag

[Blake F @12blakers]

$AAPL cracked bear flag
Entry: $295
Stop: $298
TP 1: $285
TP 1 R/R: 3:1
TP 2: $275

[Blake F @12blakers]

Clean $MU ascending channel formed (Daily / 4hr pictured).

Saw it late or would have been nice play bounce today. Will be watching for break of channel.

[Blake F @12blakers]

$SPCX forming potential bull flag

[Blake F @12blakers]

Got close on price action prediction

[Blake F @12blakers]

$USO in ascending channel also looks ready to breakdown upon treaty /open of strait news. Could look something like this depending on timing (see daily chart). Also snapshot of weekly chart posted.

Just a matter of time until oil comes down. Could be delayed, but I think at least back down to $120 fairly quick on $USO until it eventually fades to $100 (a couple months).

[Blake F @12blakers]

Down goes OIL. Right on cue. At the end, it was hovering the bottom channel line as news was coming out about treaty.

No surprise, once news was announced it broke channel aggressively.

I had been accumulating during the start of strait closure waiting patiently. The world, USA, Trump would not allow Strait closure for too long. And once opened oil was going down hard. Should have added more. High confidence trade. Easy money on this one.

[Blake F @12blakers]

Recent VIX spike in direct correlation with dip. If/when treaty gets signed VIX back down and market back up

[Blake F @12blakers]

Good break so far. Broke in late morning move after a big leg down already for the day. Preferably happens during the first big move and then later day adds to the break out. Held the typical retest the next day and continues its break down of ascending triangle. Already 3R. Will trim 1/4 position and hold for bigger move.

[Blake F @12blakers]

Short $GLD on break of symmetrical triangle and $400 resistance. Entry $399.60

[Blake F @12blakers]

Heavy sector rotation last few days. From tech to staples like healthcare. Bull flag on JNJ (Johnson and Johnson).

Entry $237.50
Stop $236
Target 1 $247.00

R/R: 3.5/1

[Blake F @12blakers]

$BTC structure. Long term. Weekly chart.

Broke out of long term trend ascending channel that started in 2024. At same time broke first bear flag. Confluence of long term and short term patterns.

Looks to be forming 2nd bear flag.

Couldn’t hold the highly respected long term horizontal resistance of 75,000 (as can see yellow highlights)

Now headed towards bottom of 2nd bear flag (blue ascending channel). If breaks could be another leg down.

I have a feeling tho that if could false break and hockey stick recover if treaty happens and market soars, but if it breaks something to watch out for.

[Blake F @12blakers]

There $BTC goes. Break of 2nd bear flag..

[Blake F @12blakers]

$GLD in descending triangle (DT). Looks like decent move coming soon.