Five9 loosing numbers. FIVNWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
FIVN
Idea about $FIVNA deal to break the resistance level of $138.65 (the level is formed by the high of the previous candle).
1) Closing the daily candle near the level
2) Closing the daily candle at HIGH
3) Level retest without deep rollback
4) Forward movement to the level at 1H
5) There is a good power reserve at the top
Long is above $139.2 (entry by limit order)
✅ Goal 1: $142.4
✅ Goal 2: $147.8
It is safer to enter after a false breakdown of the resistance level.
if, after the breakdown of the level, the instrument begins to roll back to the entry point, it is necessary to close the position without hesitation.
⚠ if the instrument rolled back from the entry point by 40% ATR or more before the breakdown, then you should not enter the position.
FIVE9 INC. Forecast: You need to see thisAfter the completion of the ABC corrective structure we expect the next impulse down or it will develop to an ABCDE corrective structure. All cases are bearish right now. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
FIVN - Downward momentum short setup from $26.43 to $19.33FIVN is forming a nice downward momentum short setup. It has some insder selling & Twiggs money flow going down sharp to the negative side. We think it has good downside potential.
To play this we Could consider $30 July puts currently $2.65
Date First Found- April 4, 2018
Pattern/Why- Downward momentum short setup
Entry Criteria- $26.43
Exit Criteria- 1st Target $20.28, 2nd Target $19.33
Stop Loss Criteria- $30.23
Indicator Notes- Twiggs money flow going down sharp.
Special Note- Got some insider selling. Could consider $30 July puts currently $2.65
Please check back for Trade updates. (Note: Trade update is little delayed here.)