CARVANA $CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd,
Updated
CARVANA 
CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd, 2024
BUY/LONG ZONE (GREEN): $72.50 - $81.25
DO NOT TRADE/DNT ZONE (WHITE): $68.50 - $72.50
SELL/SHORT ZONE (RED): $60.00 - $68.50
Weekly: DNT
Daily: DNT
4H: DNT, lean bullish
This was requested at the end of last week but I didn't get around to it. I drew up thisCVNA chart analysis yesterday as I was entering a new trade, but wanted to wait until today to post it. I did not adjust the zones and kept them as they were yesterday, even though today price has already broken into the bullish zone, there is still room to enter new trades to the upside, or if bears want to take on some extra risk they could enter extremely early here if they expect a pullback. Earnings release next Wednesday, May 1st, 2024, and I'm looking to take advantage of possible volatility. CVNA has broken down structure on the weekly timeframe, developed bearish structure on the daily (which is now broken as of today), and had a defined range on the 4H (which was also broken as of today).
PreviousCVNA trade idea is linked below!
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance,CVNA, carvana, carvanastock, cvnastock, cvna, carvanaearnings, earningsreport, earningsrelease, carvanaearningsreport, carvanatradeidea, carvanapricerange, rangebreakout, rangebreakdown, carvanarange, rangetrading, chartpatterntrading, chartpatterns,
CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd, 2024BUY/LONG ZONE (GREEN): $72.50 - $81.25
DO NOT TRADE/DNT ZONE (WHITE): $68.50 - $72.50
SELL/SHORT ZONE (RED): $60.00 - $68.50
Weekly: DNT
Daily: DNT
4H: DNT, lean bullish
This was requested at the end of last week but I didn't get around to it. I drew up this
CVNA chart analysis yesterday as I was entering a new trade, but wanted to wait until today to post it. I did not adjust the zones and kept them as they were yesterday, even though today price has already broken into the bullish zone, there is still room to enter new trades to the upside, or if bears want to take on some extra risk they could enter extremely early here if they expect a pullback. Earnings release next Wednesday, May 1st, 2024, and I'm looking to take advantage of possible volatility. CVNA has broken down structure on the weekly timeframe, developed bearish structure on the daily (which is now broken as of today), and had a defined range on the 4H (which was also broken as of today). Previous
CVNA trade idea is linked below!This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance,
CVNA, carvana, carvanastock, cvnastock, cvna, carvanaearnings, earningsreport, earningsrelease, carvanaearningsreport, carvanatradeidea, carvanapricerange, rangebreakout, rangebreakdown, carvanarange, rangetrading, chartpatterntrading, chartpatterns, Note
Price has been hanging out in the bullish zone and is currently testing the zone around 75.50 - 76.00. I am looking for a close around the 77.00 level on the 1H to hold my trades or if there is a close below 75.25 I will close my trades.1H View:
Note
CVNA price has dropped below 76.00, rejected the DNT zone, and bounced back up to test the zone around 76.00 once again.1H View:
Trade closed: target reached
CVNA has reached the top of the bullish zone.1H View:
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/zEq4TgJFKe
discord.gg/zEq4TgJFKe
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