50retracement
VIX pegs resistanceThe TVC:VIX hit a retracement level today that is drawn based on the VIX high of March 4th which was the most recent major swing low of the year on the SPY. The VIX, otherwise known as the "fear index" can be often be used to time the movements of the SPY and the broader market as it has an inverse relationship.
Pullback level HOLXSetting up alert for a pullback level around 55 for NASDAQ:HOLX . The timing could put this around July earnings.
Fractal Setup on FEFE triggered a scan this morning for stocks pulling back to a bearish 50% Retracement level on the Weekly timeframe. It just so happens that the same bearish pattern (big move, pullback to 50% retracement) is playing out on the lower timeframe at the very same time. This presents an opportunity to enter a position with risk based on the 30 minute timeframe action with reward all the way to a Weekly timeframe target.
Activision Blizzard earningsNASDAQ:ATVI is one to watch tomorrow on earnings.
It is at a 50% level now at the close prior... but does not fit my TA rules for a long based on Ichimoku timing. Also, earnings can destroy even the best of setups. People played (and bought) a lot of video games last year but will that continue?
CMI comes off 50% retracement on earningsA spike down followed by a bullish hold of the 50% retracement at the bottom of the Ichimoku cloud looks bullish for NYSE:CMI to retest the top.
Bitcoin held 50% of the dropSo far COINBASE:BTCUSD held the 50% Retracement of the NASDAQ:COIN event selloff. Not bullish unless it can conquer it. Price action suggests a retest of the bottom.
Chart of the Day MORTA great example of 50% Retracement Levels being significant and Resistance turning into Support to launch a move!
VZ low risk swing tradeNYSE:VZ Verizon spiked down this morning to a 50% level. It is worth a small risk trade to play back up the dividend catalyst dip from last week.
REEF/USD double bottomBullish Pattern
-Double Bottom
-Bounce off the .50 Fibonacci
-Up Trend
-I think this is where REEF finally makes its move upward to the MOOOOOONNN!!!
-I'm guessing REEF is going to .063 at least and a top of .075 , but it could go higher!
-This has been one of the first coins i was really invested in and put quite a bit of money into. The project itself is just amazing and growing. I have a lot of faith in this coin and am HODL this one for sure!
(I'd suggest to get some while you can, it's still low and has lots of potential)
What to do NOW in the market? (Draftkings example)The market is slowly creeping up to new All Time Highs. The question people keep asking on my social media is "what should we trade NOW?" The answer is... probably nothing. Now is the time for research and setting yourself up for GOOD trades in the near future and I talk about HOW and WHERE to do this. In this video I use NASDAQ:DKNG as a meme stock example.
A bullish case setting up for BKYI Beginning trader and technical/fundamental analyst. This is posted for entertainment purposes only not trading or financial advice.
BKYI looking bullish to me. Like these names that are down at the bottom of their range with significant support over time. Could double by just returning to the 50% of previous high a little less than a year ago. Finviz shows low share count, no debt, and some insider transactions. P/S a little higher than I like. Own some of this name already, full disclosure, and looking to add to my position. I'm risking to 0 and not using stops.
Believe the company's products will be valuable going forward in the current administration.
finviz.com
NASDAQ:BKYI
DG Long Term SupportA few days late to see this but in line with my thesis on Consumer Staples being the next sector to perform in the market NYSE:DG hit a long term 50% retracement level support around 175. I would be looking at this to retest the high in terms of price action. Unfortunately even at this level the dividend yield is rather low (0.79%).
Time to SELL Cruise Lines? CCL, RCL, NCLHThe meme stocks ( NYSE:CCL , NYSE:RCL , NYSE:NCLH ) in Cruise Lines have finally recovered but are they now a SELL? These stocks are coming up to a key Ichimoku Cloud Resistance level that traders and investors should pay attention!
Quick Bitcoin Price Action UpdateI wanted to put out a quick Bitcoin price action update on this pullback. YES BITSTAMP:BTCUSD is in fact at a major 50% retracement level from the ATH. If you were looking for a smart buy this could be an opportunity. HOWEVER, you must consider the further pullbacks that are possible and what they mean for the long term bullish trend of Bitcoin.
AAPL halves (50%)I had a great question on my social media about my last video idea where I talked about simplifying Ichimoku to 50% retracement levels. A long term study of NASDAQ:AAPL over the last decade shows how powerful waiting for these retracements can be to finding great investment opportunities. In this video I talk about properly structuring a trade around the 50% levels to maximize gains while remaining disciplined with risk management.
Bitcoin at 50%BITSTAMP:BTCUSD has retraced from the low it made off the last ATH to a 50% retracement level of the move. Some traders are shorting this and it is a logical choice. Traders can know that their risk lies just above the 50% in the 53k-54k range. Breaching this stop range would likely lead to a retest and possible break of the high. Holding this level is a sign to retest and break the low.
How I simplified IchimokuI've been a student and trader of Ichimoku for over 8 years. It has been the foundation of my trading strategies which have evolved over time. A few years ago I wanted to simplify my charts so I distilled down the essence of the indicator to 50% retracement levels. In this video I show examples of using either Ichimoku or it's fundamental premise of retracement levels to find trading opportunities and hedge against market corrections.
Wipro on supportWipro previously gave pennant breakout at daily timeframe but failed to achieve target, now wipro at major support and at 50% retraement.Targets on chart...
Picked up CDAYCaught a long at 10:00am off a spike in NYSE:CDAY . I like the long term retracement level it is holding and the lows that confirm it.
