The stock had been in a downtrend now it is making HHs and HLs Now its a good time to invest wait for a retrace multiple entries can be better.
Created flag pattern on day chart pattern. If sustain above 905 will eaily reach 940. Stoploss 885
Bitcoin looks pretty good for long with short SL. We just have to wait till day candle closed to be assured that RSI indicator leave oversold zone which means we can open position. Anyway, always do your own research, use Stop Loss and do not invest more than you can afford to loose. May The Profit Be With You !
Hi Everyone............... Here is the trade for the day............ Mark day high and day low if #banknifty give breakout at any side take trade.. NOTE : Banknifty taking a good support at 50 days Moving average so don't trade so early, take trade when price is close below the 50 MA...
I found an resistance and support at S&P 500 (SPX). We are in an uptrend. Breakout of support means it will go down. Breakout of resistance means it will go up.
i yolod in small but do what you want not advice daily triangle at support level could go up or down
FALLING WEDGE PATTERN FORMED!! Breakout candle also formed!! MACD showing strength!! RSI above 60!! SAME PATTERN FORMED IN A WEEKLY CHART TOO WITH BREAKOUT!! Flag formed in a Monthly chart with a breakout candle!! EMA 5DEMA crossing 13 and 26 DEMA in day chart!! SO many confirmations!! CAN MAKE A NEW HIGH!! TARGET=1900/2000 STOP LOSS= 1750/1630 OR TRAILLING STOP...
This is not advise or for instruction. Sharing my chart on SFOR to share my thoughts on how I would currently trade.
GBPCHF Entry 1.18998 Exit 1.17521 // Parallel Channel
new trend just started, this is an idea for a long position. I will adjust take profit and stop loss as the trade develops. First TP + 100 pips
We are looking at a bigger picture. Bias to the long side, it's looking to form support on the day chart.
The short retracement has commenced. Not clear though how this B wave will look like... Target still remains (see also linked idea).
Possible scenario (to be confirmed): - Wave 1 seems to be a very ugly leading diagonal - Wave 2 is a good looking zig zag retracement - Upcoming waves 3, 4 and 5 are plotted based on normal impulse wave rules, however there is not sufficient data to confirm. The pitchfork is used to have a sense of the slope, though insufficient data to confirm.
OIL HAS RECOVERED ABOUT THE HALF OF THE DESCENT STARTED IN OCTOBER AND FINISHED IN JANUARY. WE ARE ON A VERY IMPORTANT STRUCTURE AS YOU SEE THE GRAPHIC. PERSONALLY I ARE LOOKING FOR ENTRIES TO SELL WITH STOP LOSS WITH CLOSING OVER 71 DOLLARS, I THINK THE BRENT CAN MISS A 4-5 DOLLARS IN THE NEXT MONTH. GOOD TRADING AT ALL
after a large drop google seems to be gaining some momentum to the upside as there is no overextension on the rsi and there is also a price and momentum divergence which is considered a bull signal. Id refuse to buy at market price given the risk of a correction wave pulling us out of the market. However breaking above the support and closing above without...
Price is moving inside a broader, well defined two-month range. No clear direction yet, until range gets broken on either side. While in the range, apply the range trading strategy. Look for buy/long near the range support. Looks for sell/short near the range resistance. Rinse and repeat until stopped out (range breaks). No panic. No overly bearish/bullish...
ENG day chart is a joy to watch. Crystal clear from a TA perspective. We have a massive bull flag which is a very profitable and successful bullish pattern. This pattern is preferred to be played out on the breakout among traders. Price retraced to the 0.618 at 0.00022100 which gave it the golden ratio bounce. The fact that all this is happening on the Day Chart...
Some on twitter are bullish. The general sentiment seems to be bearish. Patient... Patience... The recent pump looks to be facing resistance. Will it breakout? A breakthrough of the 50 RSI seems to be a safe indicator of trend reversals. Meanwhile, I'm bearish.