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Fibtrading

DOCN rises from Fib level support LONGDOCN ona 120 minute chart has downtrended into the support of a 0.5 Fib retracement from the rise after the November earnings. and the triple top then trend down from the last earnings. I believe that is is well situated to rebound toward that triple top again in the next three weeks until earnings. I realize that based on the inicators a long trade would be buying weakness but I believe buying at undervalue is a good buy low with an expectation of 15-18% upside.
NYSE:DOCNLong
by AwesomeAvani
NFLX is at the support of the POC line LONGNFLX on a 120 minute chart currently has price sitting on the POC line confluent with the Fibonacci 0.5 level on the previous trend up that was before the trend down from around the time of an earnings beat which was a disappointment because traders somehow expected better. There is been some disappointment about NFLX keeping some of its subscriber trends private. Not a surprise. Price has put in somewhat of an inverse head and shoulders or triple bottom. The Lux Algo forecasting indicator expects a move up. I will take a long trade here. I believe that this is a buyable dip.
NASDAQ:NFLXLong
by AwesomeAvani
1
RDFN fintech penny stock pre-earnings LONGOn the RDFN shows the trend up after a massive earnings beat and then the fade down into this past week. Price is presently situated at the 0.5 Fib level of the retracement of that trend up. Time is presently at the 0.38 Fib time zone extending from the trend up. The dual TF RSI shows the lines jumping over the 50 level in the past couple of days. The ADX indicator shows the ADX+ crossing over ADX- with the ADX+ now over the 20 threshold. I see RDFN as set for a pre-earnings momentum trade and will also take call options for the Feb 16 expiration the day after the report ( Striking $8 & 8.5). Of interest, a rate cut may be getting baked into RDFN.
NASDAQ:RDFNLong
by AwesomeAvani
DOLLAR YEN CHANGE OF TREND @ TOP OF THE RANGE FOR GREAT R:R! Not much to do with this trade. Have been tracking when risk on would take profit and with SP topping near ATH's and with FED hinting less rate cuts than expected I am ready to sell. The 3 Slopes I Marked have been broken by the big red candle forming the lower LOW and breaking the 21 ema. Not much else to do with this trade. I fib'd the move and the support now resistance marks exactly where I will enter which is in the crucial 50- 618 fib zone. Putting stops above the high for an INCREDIBLE risk reward trade Aiming TP1 at 106.70 area. Will watch for more trade war risk or brexit risk if I should stay longer. Happy Hunting Happy Trapping This should be an easy one..... hopefully :) BooBii
Short
by rickyboobii
YEEHAW, WE STRUCK... GOLD! (XAU)Hello friends, traders, everyone. In our last analysis we attempted to get a better handle on this, and Fibonacci helped us figure this one out. Fortunately for the bulls, GOLD has apparently been waiting for an opportunity, because that breakout was violent! Overall, I am happy with the way the last trade played out, bulls should take some profits here as we approach resistance above. I'm not sure exactly what is going to happen next, but it would seem that we will go for the 127% extension. Gold seems to be quite reactive to fibonacci, I will keep trying to minimize chart clutter but so often the combination of fib tools provide the most interesting insight. For the first time, I am going to put a target on Gold of $1375. The reason for this is the measurement of the last impulse wave, had a textbook 62% retrace, now probably it will seek the 127%. Probably it can go higher, but I don't want to play with that. I won't text wall you guys, I ran like 9 miles today and I am too sleepy to write an essay.... But as always.... GOOD LUCK TRADERS Previous analysis:
OANDA:XAUUSDLong
by vox-populi