HD to Test Prior All-Time HighsHD has been working on a short-term bottom since December 2019. It is now poised to test the previous all time high level again.
Alltimehigh
BITCOIN PUMPING - New swing high!Hey there,
Soooooo, well.
Guess we can negate the bearish/healthy scenario for now as we see Bitcoin pumping over its
prior high for 2020 and even wicking above the last swing high on Bitstamp to
create a new swing high.
This is quite a huge factor and once more signals the strength and deeper bullish
bias of this ralley. This also could now be further confirmation, that we see the start
of a strong bullmarket later this year and going into 2021.
Reaching above 14k could still be some sort of a challenge, since I do think that
11k will be of some resistance where price will a least need to consolidate imo.
Of course Bitcoin can go too ATH the next month, I do not doubt that, but it is not
the most likely scenario imo. Not a lot has changed besides that I am now looking
for scenario A to play out over the next days.
We have a daily 7 on the TI Sequential, so we will get a 9 the day after tomorrow,
maybe coinciding with a top at channel resistance and 11k.
Look at prior posts for clearance.
Check me out on
YouTube: Enlightened Trading
and Instagram: enlightened_trading_
so you don't miss out on key information and trading oportunities.
Cheers,
Konrad
AAPL Lower Volume RunAAPL had a steady decline in volume as it ran up to test the recent new all-time high. This may create a short-term sideways price action until more volume buyers or High Frequency Trader action triggers more volume to the upside.
SPLK Shifting SidewaysSPLK is shifting to a trading range pattern as it enters a new all time high level. SPLK gapped and ran up strongly out of a mid-trend short-term bottom.
SNPS Short-Term TopSNPS failed to maintain its new all time high price, and moved down as selling for profit by large lots overwhelmed smaller lots buying. The pattern is support, at a weaker support level.
ISRG Topping RiskISRG dropped sharply from its recent new all time high. The stock is struggling with heavier large lot rotation action at this level. Volume is too low and Balance of Power shows heavy rotation.
INTU Breaks to the UpsideINTU is completing a very short-term bottom formation, and moved up on strong volume. The all time high is well above the price for a Swing Trade run on momentum.
CHF/JPY SELLS - 112.583 Potential Target AreaPotential SELL Position on CHF/JPY - 112.583 Potential target
PKI Breakout to All-Time HighIn this chart we're looking at PKI on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $98. After price prints a 1W candle through $101.28 breakout will be confirmed.
This ascending triangle has a price target of around $125 for about a ~27% gain.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea informational or helpful in any way!
Cheers!
GOOGL Gaps to New All-Time HighGOOGL will report earnings late this month, but has an early earnings run underway. It has 2 consecutive common gaps. The gap was on Professional Trader volume activity.
ACN Rising Volume in RetracementACN bounced up off of support for swing trading and is showing stronger upside volume. Profit-taking started as the stock reached a new all time high.
NVO Breakout to All-Time HighIn this chart we're looking at NVO on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $58. After price prints a 1W candle (1 day left) through $59.77 breakout will be confirmed.
This ascending triangle has a price target of around $85 for about a ~46% gain.
Price has good momentum as it has found support on the 200EMA and is breaking out of its chart pattern boundary well above the 200EMA.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea informational or helpful in any way!
Cheers!
$BDX Breakout to All Time HighIn this chart we're looking at Becton Dickinson & Co on the 1W chart as price has consolidated into an ascending triangle . Price has recently broken through the horizontal resistance around $263 with a strong weekly candle. Breakout was confirmed after price broke through $271. I just came across this company's stock this weekend, so I missed the initial breakout. Even though the initial breakout was missed, we had a small pullback and then another strong weekly candle to show this instrument has strength. There is still plenty of upside to be taken advantage of.
This ascending triangle has a price target of around $319 and we have already seen a small pullback before what seems to be continuation to the upside.
Nonetheless, if we see another larger pullback, I expect price to find support on the horizontal chart pattern boundary around $263.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea informational or helpful in any way!
Cheers!
Bitcoin is Ending Giang Falling Wedge and Cumulation ZoneBitcoin - moves in the accumulation zone for more than 40 days and will remain in this zone for some time. The sideways move slowly but surely to the upper trend lines of the big Falling wedge, which breaks up within a few weeks. Until that happens, Bitcoin will leave little Altcoins space to complete their bullish structures. This will allow the capital to be spilled from Altcoins, back to the BTC and then into the HighCaps. Being in the accumulation zone, any BTC purchase ranging from 7800$ to 6400$ is convenient, but be prepared for 5500$ BTC re-buys as well. The most important thing for BreakOut is a sharp break of 7800$. This will be a bullish signal that the BTC is no longer going down. BreakOut can also be helped by BTC Halving, which can cause Bitcoin price levels to rise.
Close to important levelsWe are nearing us a psychological level at 1600 and Fibonacci level 0.618 at 1586.
Keep an eye out for this one.
Should be exciting to see where we will be going in the next month/s time, with possible war escalting & with stocks on steroids
CTXS at Strong ResistanceCTXS has risen with momentum to challenge its previous all time high resistance level. It is currently in a retracement that has been triggered by High Frequency Trader selling. Support is weaker at this price level.
ADSK Compression at New HighADSK had a breakout last week to move above its previous all time high. ADSK is now in a compression mode, which tends to precede breakouts.
FMC Compression Pattern at New All-Time HighFMC is in a tight sideways formation at its new All Time High. The compression of this pattern often precedes a sudden breakout.
ORLY HFT Gap Up to New All-Time HighORLY broke out of its sideways pattern with a High Frequency Trader gap up. It is now at another new all time high.
LULU in Speculative Run at New HighLULU has been trending upward and gaining momentum as it enters a new all time high price level.
