Without procrastination in the price we're seeing fall immediately after raising wave . Role of pin-bar is very important in this case. ATR(at 40 points) is useful to decide next week candle range prediction. For example , suppose current candle closed at 210 + ATR 40 = next week target 250 nearby. Let's move to lower time frame: hit:put the...
Gold has been very difficult to trade recently, being very choppy and trading within a relatively tight range. We saw on the last trading session of last week price dip into the major supply zone again, and then a strong bullish reaction from this area. The daily close was a bullish candlestick and managed to close above the 1700 handle which is acting as a key...
MOH (Biotech stock) has been consolidating tightly at ATH. There is clear R/S in this name despite the recent market weakness. On the 65m chart, MOH cleared the HVN above 172 and looks primed for continuation next week. Went long at the HVN break and above the intraday higher high. Entry - 172.96 Stop Loss - 165 Target - 200 I will continue to update this...
Yesterday, I pointed out this flag pattern forming on BGS on the 65m timeframe. BGS had broken out and had been consolidating tightly. This was a potential short squeeze candidate as BGS has a 26% short interest. I was looking at buying this stock above 19.30 and the trade triggered right at the open today. Entry - 19.49 Stop Loss - 18.48 Target - 25 After...
MRSN is right at the 52 week highs and forming a tight flag pattern . My plan was to get long above 9.50, clearing the HVN, with a stop loss below 8.48. Entry - 9.52 Stop Loss - 8.48 Target - 12.50 I am planning on taking small profits above 10 and holding the rest with the trend.
🔸 4H CHART EXPLANATION: . 🔸 Price is on a clear downtrend moving inside a Descending Channel. . 🔸 It has broken the Support Zone at 1.9200 and now it is looking for a pullback to that level. . 🔸 It has potential to reach the Support Zone at 1.8800 if the downside move continues. . 🔸 Will look for a lower timeframe bearish setup. 🔸DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . 🔸 Price broke the Ascending Trendline and was consolidating for the last weeks. . 🔸 It has broken the Support Zone at 107.00. . 🔸 It has potential to reach the Support Zone at 105.500. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Hi Guys, A nice set up here for the short. Be careful as it is already approaching pivot for the day but if we monitor correctly there is some potential for profit here.
Due to the current crisis, I have been focusing on relative strength names to take long positions. The choice of choosing relative strength names to buy is imperative in the current market conditions; while there are a lot of companies suffering from the current crisis, there are also companies flourishing. My current holdings, DOCU and KR, are both strong...
🔸 DAILY CHART EXPLANATION: . 🔸 Price bounced at the Resistance Zone at 98.00. . 🔸 The main trend is bearish, we can observe that with the Descending Channel. . 🔸 The downside move has potential to reach the lower trendline of the Channel. . 🔸 Will look for a lower timeframe bearish setup. 🔸 4H CHART ANALYSIS:
KR has been consolidating sideways for the last 2 weeks and is a relative strength name in this current market. This trade triggered above 32.65 and I took this trade last Thursday. Interestingly, KR also has a great entry opportunity on Friday when it retested the breakout area perfectly and raised near HOD at the close. Entry - 32.69 Stop Loss - 31.95 Target - 35
This is my analysis. As you can see he formed a basic pattern. And enjoy. note: Be patient
This is my analysis. As you can see he formed a basic pattern. And enjoy. note: Be patient
This is my analysis. As you can see he formed a basic pattern. And enjoy. note: Be patient
Price Range: This range has attracted buyers, one again price was entered into this attraction, and buyers were seen active. Buyers lost their control against sellers and price was pushed down with average volume. Invalid Diji / Suspicious Alarm : Compare to surrounding 3 candles volume, Doji has an extremely low volume that indicates suspicious...
Here is the main setup I use. Note how there are two possible entries.
Hello! Friends, I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance. Bitcoin is following channel which was drawn by me on 11th APRIL (I will put the link and result bottom of the page) The breakdown point is important for long traders. I will update the new...
Gold has been consolidating right above the recent highs, since bottoming out last month, and looks prime for a breakout. I went long this morning right at the open on the gap up. Really like this pattern occurring in GOLD which could pick up some momentum near term. GDX is also a valid play for less risk. Entry - 12.10 Stop loss - 10.90 Target - 14/17.50