Falling Wedge- BullishBig falling wedge on FSLY that it has been holding for quite some time now, however, is seemingly starting to break out of this formation- Bullish and will be looking for a breakout, just some FIB levels & RSI-based supply and demand zones to keep an eye on-
- Closed Friday sitting right on its 20-day SMA (Not Pictured)
- Bollinger Bands Squeezing
- RSI has been in the oversold range for quite some time
- Buyer volume starting to pick up
- Weekly Timeframe (See Below)
PT1- $44.35
PT2- $45.58
PT3- $46.30+
Buyer
Bullish- Looking for a breakoutROKU looking very interesting here- Double top played out as expected, however, ROKU held the longer-term uptrend quite nicely- will be watching closely for a breakout here (broader market conditions permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish
- Falling wedge (bullish) on shorter timeframes, Bollinger bands also squeezing (See Chart Below)
- Doji reversal right on the 200-day EMA
- RSI in oversold territory
- Buyer volume increasing relative to seller volume
- MACD cross looks to be imminent
PT1- $354.43
PT2- $357.50
PT3- $366.55
Bullish- Triangle breakoutSymmetrical triangle forming on TWTR here along with buyer volume starting to pick back up. Clean hammer & bounced right off the 100-day EMA - will be looking for a breakout from this triangle (broader market conditions permitting). Just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on-
PT1- $65.77
PT2- $67.01
PT3- $68.55+
Update- see previous chartsCHPT respecting its long-term uptrend line, Bollinger bands squeezing, buyer volume starting to pick back up again, will be looking for a breakout broader market conditions permitting. Bullish, just some FIB levels along with some RSI-based supply and demand zones to keep an eye on.
CHPT has been selling off after their offering but still has held its long-term uptrend line. Looking to pick up shares but patiently waiting at the moment for it to find some support. Just some FIB levels to keep an eye on-
- Nearing the oversold range and has been selling off since they announced a public offering
- Broader markets pulling back
- Good long-term entries
Bullish- Inverse H&SSolar sector has shown some nice relative strength compared to the broader markets over the past few weeks- NOVA, Inverse Head and Shoulders formed (Orange Dotted line- Neckline), EMA's all starting to curl upwards, buyer volume picking back up again, MACD cross to close on Friday. Definitely bullish and will be looking for a breakout from here.
Symmetrical Triangle - (Update)See Previous Charts-
- Buyer volume picking back up, has had nice relative strength compared to others in the sector
- MACD cross
Looks like SEDG has finally bottomed after quite a long, and in my opinion a much-needed pullback. SEDG recently was upgraded by Goldman Sachs, will be looking for long entries as there appears to be a Cup and Handle forming as well, bullish
PT1- 260.77$
PT2- $270+
(Boxes are RSI based Supply/Demand zones)
After consolidating in a long regression trend for quite some time, SEDG is holding within a triangle while forming an inverse head and shoulders, (orange- neckline). SEDG has earnings on 8/3' along with ENPH. Looking for a run-up to ER. Both previous price targets hit, undoubtedly a long-term play should provide multiple good entries. Bullish
Bullish- Symmetrical TriangleWill be watching ATVI closely here as it's forming a large symmetrical triangle on its yearly chart. Buyer volume is starting to pick up again & Bollinger Bands are starting to squeeze. Closed on Friday almost right on top of its 200day SMA. Will be looking for a breakout of this triangle in the coming weeks- (*Broader market conditions permitting*)
Falling Wedge- BullishQS has been in a downtrend for quite some time now but is forming a massive falling wedge (bullish). QS has strong resistance at the $32.74 level as well as the $39.27 mark. Bollinger bands are also squeezing and buyer volume is starting to pick back up as we've been seeing a general rotation back into growth stocks in the market. Will be looking for QS to break out of this falling wedge.
PT1- 31.04$
PT2- 37.56$
Symmetrical Triangle - TSMBig symmetrical triangle forming on TSM
- Buyer volume starting to pick up again relative to seller volume
- EMA's are all starting to curl upwards (not pictured)
- Bollinger Bands are squeezing
- Will be looking for a breakout at the end of this triangle (broader market conditions permitting)
ETH- Symmetrical Triangle ETH forming another symmetrical triangle at the moment and testing the upper trendline-
- Bullish divergence on the RSI
- Buyer volume picking up
- MACD Cross
- EMA's curling
Looking like it could potentially break to the upside, will be watching closely (See Previous Charts)
BTG/USDT Long position This chart is totally new in Binance for USDT traders.
As you see there is a channel that indicate with two blue trend lines, and we are in the bottom of it with the one breack out that I show with the brush also countiuning to create the ending. The proof can be the EMA 12 (blue) that breaks up the Red one (EMA32).
Also for the target both for the time and price I used fibounachi ATP and indicates two Target.
hope you enjoy it and be safe in the very high risk market.
Support Break 1st Trendline, Need 2nd Trendline for Downtrend.USDCAD trendline support break after 4th touch. In my calculation, first break will make 2nd Trendline. Current price need to make make pullback first, then after that can draw 2nd Trendline. 2nd Trendline break, then will make downtrend possible. Looking at possible pullback (buy) at reverse fibo 0.618
Bullish Pinbar as Support ZoneThere are two Bullish Pinbar as bottom candle (support zone) which the zone doesn't overlap. I will be looking for safe buy entry starting from Low price of Bullish Pinbar #2, and looks more possibility the price will enter demand zone of Bullish Pinbar #1. If price doesn't break Fibo level 100 (1.00), i will look for next buy entry at Low price for Bullish Pinbar #1. So safer exit will be at Fibo level 100.
AMCI Heavy Buyers AMCI support at 11.50 area for dips. Heavy buyer in the tape today. Check out the wicks on the intra chart and daily chart. Keep this on watch!
$AAPL Deep Dip LongsStrong bull attempt that formed breaking a tight bull cycle higher, but right at the top of the channel after a higher low reversal from the bottom. A quick new high is likely to hit again, but not go very far as this tends to be a trap more than a breakout so a deeper dip for buyers is making sense here back to the channel lows.
GBPUSD POTENTIAL LONG OPPORTUNITY (1D CHART) GBPUSD POTENTIAL LONG
IF YOU TAKE A LOOK AT THIS CURRENCY PAIR ON HIGHER TIMEFRAME CHARTS YOU CAN SEE THAT GBPUSD HAS COME INTO ALL TIME YEARLY LOWS IN PRICE. LOOKING AT THE PAST MONTH OF TECHNICAL DATA YOU CAN SEE THAT GBPUSD HAS HAD BUYER INTEREST AND HAS BEEN MAKING HEALTHY MOVES TO THE UPSIDE. RECENTLY, LAST WEEK, AS YOU CAN SEE GBPUSD MADE A VERY STRONG 2%+ MOVE IN PRICE TO THE UPSIDE AND HAD BROKE ABOVE AND HELD ABOVE THE RECENT SIGNIFICANT STRUCTURE. BASED ON WHAT THIS PAIR IS DISPLAYING TO ME IT SEEMS THAT THE MARKET OF THE GBP IS WANTING TO RISE AGAINST THE DOLLAR. LETS TAKE A LOOK!
1D CHART:
*RECENT STRONG PUSH ABOVE STRUCTURE AS WELL AS OVER 100% MOVE FROM THE BUYER
*VERY STRONG MOMENTUM FROM BUYER
*HIGHER LOW FORMED ON DAILY CHART
*SIGNS OF UPCOMING BUYER MARKET ARE STARTING TO COME INTO PLAY
4H CHART:
*STARTING TO FORM A BUYER/UPTREND
*STRONG MOMENTUM FROM BUYER COMPARED TO SELLERS IN RECENT DATA
*LOOK FOR PULLBACK AND INTEREST FROM BUYER AGAIN FOR UPSIDE MOVE
1H CHART:
*USE FOR ENTRY/EXIT STRATEGY FOR MORE PRECISE TRADE ENTRY/EXIT
USDCHF POTENTIAL SHORT OPPORTUNITY 1D TIMEFRAME USDCHF POTENTIAL SHORT
I had posted last week on USDCHF displaying how it is sitting at very significant structure. This last week the market had showed me a move that peaked my interest and that supported the short bias on this pair. On the daily timeframe this pair was recently moving to the upside, formed structure, then came crashing down failing to make a new high and breaking that newly formed structure level. The sellers came in with strong momentum and this led to my belief that the market is trying to tell me something. Remember to always let the market tell you what it wants to do rather than you telling the market. Follow who makes money and that is who moves the market (driving forces). This drop I think could be a lead in into a future potential downward move. Lets check it out.
1D Chart:
* Price is sitting around the significant price area of 1.000
*The market attempted to make a new high after forming new structure and was immediately pulled down with seller strength
*The seller showed strong interest in this price area not allowing it to go higher
*watch for weak buyer pullback to display seller control/power
4H Chart:
*on this timeframe look for a weak buyer pullback back into that recent significant structure
*watch for strong seller interest again once price pulls back into the structure point
*use this timeframe for better risk/reward on this pair
REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT AND BE DISCIPLINED IN YOUR APPROACH. STICK TO YOUR TRADING PLAN. I UNDERSTAND NOT EVERYBODY IS GOING TO LIKE HOW I TRADE AND I AM NOT HERE TO APPEAL TO EVERYBODY. I AM HERE TO CHANGE AS MANY LIVES AS I CAN AND I UNDERSTAND ITS EASIER WHEN WE TRADE SIMILAR. BUT THE PRINCIPLES AND FOUNDATION ARE ALL THE SAME.
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AUDUSD POTENTIAL LONG OPPORTUNITY (TRADE UPDATE) AUDUSD TRADE UPDATE
Okay so last week I had done analysis on the AUDUSD currency pair for a potential long opportunity. The market had showed me that this was a potential opportunity because on the daily timeframe the market failed to make a new low and that was followed by a strong momentum buyer strength. It had also broken structure on the 4H timeframe and based on the momentum it is showing me that it is a legit breakout above that structure. This opportunity seems to have more of a potential to go to the upside then it does to the downside, also leaving us with a better risk/reward ratio.
Watch the daily timeframe and the 4H timeframe for a potential continued weak pullback into that structure zone down at .71400 area. If we see the continued weak re-test (showing buyer control) and we see strong buyer interest come back in after this pullback then we can look to take this pair to the upside up into .74400
Keep an eye out and always remember to let the market show you what it wants to do next! ALWAYS make sure to use proper risk with your trading setups as well and stay disciplined to your trading structure and habits. Lets see how it plays out!
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