Put on a hedge trade with CDE encase markets roll over after this extended bounce. CDE is retesting the prior breakout point and 30m timeframe is showing a rounded bottom pattern. Super obvious accumulation going on in CDE near the bottom.
Long - 6.33
Stop Loss - 6.00
Target - 8.50
I love this Cup & Handle pattern going on in SHAK. There is a clear level of resistance at around 71.50s and a possible gap fill all the way to 80.00. There are some nice accumulation patterns at this bottom and SHAK is looking strong. 18% short interest on finviz so potential short squeeze up here. Shorts will probably have stop losses in the 73 area. ...
4H CHART EXPLANATION:
As we can see, this pair is on a clear downtrend on the 4H timeframe. However, right now it is facing an important Support Zone, which has to be broken before considering short positions. We think that price may bounce or correct a little on this area, before starting a new bearish impulse. Once the Support Zone is broken, we will look for...
Hi Traders!
Today, we look again at bitcoin, but in a shorter time frame. We see an essential zone that can decide on further developments.
On 17.12.19 we witnessed another "LOW".
We're currently in the channel and have completed waves A and B. At this point we're already in wave C and there's no doubt that bitcoin has started a new cycle. Each new cycle...
LYFT has been setting up a nice Inverse Head & Shoulders pattern in the daily chart and had recovered from lows last year. LYFT had been lagging behind UBER and I saw an opportunity to get in full size into a potential breakout. Yesterday I went long UBER, however I held back from putting in full risk due to the market conditions. Today's action of QQQ and SPY is...
UBER has been hot recently after making a bottom base and squeezing out shorts last month. For the past few days UBER has been consolidating in a tight pennant pattern and is looking for another leg up. I am expecting UBER to reach the IPO price as some point soon. I decided to go long UBER despite the not so optimal market conditions for longs. I do believe...
As TSLA continues it's rampage, there has been a heightened sense of delusion and greed in this recent market. Speculative names have been very spicy lately and SPCE is one of them. SPCE has been pulling back recently but today recovered back at it's all time highs. On the 30m timeframe, SPCE is consolidating right below resistance which is usually a sign of...
TNDM has been on my watchlist for a very long time and recently, TNDM broke out of it's nearly 1 year parallel channel. The volume at the breakout was significant, and TNDM has the potential to run 20+ points due to the significance of the breakout pattern. What caught my eye is the multiple Inside Day Candlestick that were printed yesterday and today right...
GPBJPY just touched a trend line which is descending since jan/2018 which is the upper line of a descending triangle chart pattern and has formed a bearish pin bar, as I see the price will fall down to touch the lower line of the descending triangle
my entry points will be
141.9 that will be in case the price retested the upper trend line
140.850 that will be...
Since bottoming in November last year, NIO has been in a strong uptrend and recently pulled back after rejecting the IPO lows. During the current uptrend, NIO has been rejecting and riding the 20MA all the way up and yesterday, NIO pulled into the 20MA due to the recent market weakness. Today, NIO created a beautiful inside day candlestick right above the 20MA. ...
Markets were showing indecision in direction and my bias for the overall market is still bullish. I wanted to add another long today encase this recent market weakness is just a fake out bounce. I do have one short position as a hedge. I decided to go long this DXCM pennant pattern in the daily. DXCM is at all time highs and recently gapped up and ran due to...
Hello Friends,
Today i'm looking for a buy on AUDUSD for the following reasons:
1. Coronavirus fears have greatly impacted the financial markets, with JPY and GOLD having all the fun, but this rally has slowed down. Any positive news regarding the spread of the virus will send markets back into risk-on mode
2. EURUSD has approached 1.10 Support once again, So...
as seen in the chart above, the BTC is forming a cup and handle chart pattern, as soon as price breaks above 8900 and closes the daily candle there (or 2 4H candles) it will continue the flight to hit 10000 and 10800 as I mentioned here before:
as for me in in the move from the bullish engulfing candles which retested the broken trendline
Don't forget to...
after the breakdown from the ascending channel, the price will continue downside in the bigger descending channel
targeting
TP(1): 0.965
TP(2): 0.9596
with stop loss: 0.97212
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Market indexes pulled back today with a gap down and a closer lower. A lot of strong, trending names have been pulling back into the 20MA and I wanted to go long a stock with the best looking setup. FTNT has been on a powerful uptrend for the three months since breaking out in November 2019. FTNT tests and holds the 20MA three times within this recent trend. ...
