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BASE

EURAUD (1D) - watch zone or kill zone.It looks like some sort of head and shoulders. The momentum of price coming off the head was indicative of some follow through below the base and that has happened. Price has done the expected: ducking under the base and then popping back up for a retest. I just draw it like I find it, connecting what I see as the main points. I can never know if the market will approve or disapprove what I see, until much later on. The situation is getting ripe for a controlled loss in a short position. It could be right now or much later on. But H and S theory says we should wait for the retest to be complete. The trouble is you don't really know when the retest has been completed. Sound traders do more watching and planning than trading. I don't know if my watch zone is accurate. How would I know? I don't normally play 1D time frames, so in this scenario - which is obviously for a short setup - I'd be looking for a consistent ATR trend on 30 min to 1 hour time frame, to develop south. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker
A Tale of two Sell Offs POST IPO analysisA look at the two largest sell offs in the opening day gives us some data (with decent volume) on market structure. Only recently have we seen a little buying support around $29-$30, but not nearly enough to consider significant accumulation. Accumulation could happen in the lower range between $28 - $30 going forward, with the significant possibility of a breakdown and accumulation under 28$ before going to new highs. Look for a 3rd wave of sell offs with volume, to find the range for more accumulation
NASDAQ:BASE
by pokp
1
$ANET is a clear leader, does still has room to go?Arista Networks NYSE:ANET is a company that delivers software-defined networking solutions for large datacenter, cloud computing and high-frequency trading environments. According to IBD is the leader in its industry (Computer-Networking Group). I compared Arista Net to AMEX:IYZ , an ETF concentrated in telecommunications and NYSE:ANET is leading the sector. IBD gives a Relative Strength Rating of 86 against the market. So, the stock broke out of a large base in November of 2020 and at that moment its Price/Earnings Ratio was at 30 something. Then on the 2nd quarter broke out of a "cup and handle" and now is breaking out of a flag pattern; this is a very good continuation pattern. The thing is that its PE Ratio is nearing 50, so it has increased a lot since it broke out from its frist base. This could mean that it may not have a lot of room to go. As for today, the buying volume is not above average so I would wait for more confrimation signals. Still is a stock to watch very closelly.
NYSE:ANET
by dpuleo19
GBPNZD Bearish Divergence + DisequilibriumOn the hourly and half-an-hourly timeframe, GBPNZD is showing bearish divergence signalling a pullback/reversal from its highs. Furthermore, price action is making higher highs while the Relative Strength Index is forming lower highs . Additionally, there is disequilibrium between price and the conversion line (Fast Moving Average) on the hourly and 4-hourly timeframe. Price should retreat to meet the conversion line before potentially creating even more disequilibrium between the conversion line and base line which should also meet bringing price even lower towards it. Any tips/advice on how I could improve this analysis?
Short
by navshxrir9
F 5 Networks $FFIV, market leader with upside potentialNASDAQ:FFIV is been forming a base for the last 12 weeks while been above its key moving averages. I'm waiting for the pivot buy point above $215, which could be the start of another leg up. This move up could be trigger by th upcoming earnings report, the best thing to do is to wait and see if it actually happens. Another good thing about the stock is that is Rank #1 in its industry by IBD, but its revenue growth and EPS growth haven't been that great for the last 3 years. Its been growing but not that much as I really like; and its Relative Strength is not that great either. Still, it has good technicals and steady fundamentals so I'll consider to add a position only of it breaks out the base.
NASDAQ:FFIVLong
by dpuleo19
COIN : OUTCOIN bounces out of the descending channel that it's been rolling in since the beginning of the week. Has a base of COIN been established at 300? Starting with a horizontal ray at 310 (the bottom of the big drop), I began using rays to connect the higher wicks together, and then the lows together. After that, I extended some rays to the left and looked at where all the lines intersect. Using these lines and points, I placed pitchfans, lining the outside edges up to the rays. Once I established the main placement of the pitchfans, I removed some unnecessary rays and then edited the divisions of the pitchfans in the settings, lining up the divisions to wicks of the inner candles in the most meaningful ways that I could. If you zoom in you can see that every single line on the chart aligns with atleast 2 wicks or 2 candle bodies, other lines line up with quite more. Each line is specifically placed while considering wick importance and # of wicks aligned. Fib spirals too. 2 triangles were then placed forming a pyramid structure in order to express the fact that one of the reasons that I am currently analyzing the trends in COIN price action in this way is to try to establish a possible price base of COIN after its IPO fallout to use as justification for a possible and timely buy in. And here we are, 50 cents above that initial low point after the IPO. Will COIN continue to roll downhill, or will it start bouncing higher? I am not completely sure, and tomorrow this chart may look quite different than it does now. It's fascinating. Got my eye on COIN... watching for a "heads bulls win, tails bears lose" scenario. //Durbtrade
NASDAQ:COINLong
by Durbtrade
9