Ever since CIEN's explosive Power Earnings Gap on 12/12/2019, CIEN has been consolidating into a tight flag pattern on the daily chart. CIEN may need a couple more days to setup, however I am entering this trade with a stop loss below the previous higher low incase CIEN wants to take off tomorrow.
Entry - 42.52
Stop loss - 41.70
Target 1 - 44.00
Target 2 - 46.00
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!
Hidden bearish divergence confirmed on weekly close.
Below 200 simple moving average. Bearish Harami-esque candle pattern.
Price action leading into weekly close was strong. As strong as general consensus on where crypto markets are going.......... “to the moon”.
A...
In this chart we're looking at ADABTC on the 1D chart as price has consolidated into a rectangle . Price has not broken out through the horizontal boundary at 536 yet, so we're adding this to our watchlist. A breakout will be confirmed once price prints a 1D candle above the 544 price line.
This rectangle has a price target of around 670 for about a 25%...
My details:
(1) Entry @ 0.68310 (Sell Limit)
(2) Stop loss @ 0.68370 (6 pips)
(3) Target @ 0.68190 (18 pips) - Closing 90% - S/L @ break-even
(4) R:R = 1:3 min.
Stay tuned for the updates
Follow and leave a like if you liked this idea and want to see more!
*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of...
after the breakdown from the ascending channel, the price will probably bounce to retest the previous key level or maybe the trendline above and then continue down
note it might continue down from here without retesting, in this case, I'll sell from high only, so I'll wait for any correction or swing to sell
my entries are: 1.10477 and 1.0691
targeting
TP(1):...
In this chart we're looking at AAON on the 1D chart as price has consolidated into a rectangle. Price has broken out through the horizontal boundary at $52.50 and has confirmed the breakout by breaking through the $53.29 area.
This rectangle has a price target of around $61.67 for about a ~17.5% gain.
This chart pattern breakout is occurring above the 200EMA, so...
As you can see from the chart we moved from a demand area to a well-tested resistance and supply area. We can clearly see that it could not break that area of resistance and could not go to the next supply area and therefore it began moving down. As it moved down with nice big bearish candles it made a retracement to the 0.618 Fibonacci level (Golden ratio) and...
We continue to review the chart of RH, this time across multiple time frames
Please read my previous posts on RH as well as a lot of pints are covered on what is view that has been forming over the last few sessions
The negative news from China because of the deadly virus has affected the stock markets too (we pray for the well-being of all mankind)
RH is one...
I started a position on RH based on some nice patterns on the Daily Chart. RH had been in a pullback phrase after making new all time highs in December. On 1/13/2020, RH pulled into and rejected two different key support levels - the 50% Fibonacci Retracement level and the 50DMA Pivot. A hammer also forms on the 30m timeframe where these two key levels are...
INTC has recently made new all time highs and is forming a tight flag pattern on the daily chart. This trade setup is called the First Flag and the setup triggers when a flag forms following a new high after a long multi-month base. The flag on INTC also forms right above the breakout point and the 38.2% Fibonacci Retracement Level. My gameplan is to sell 1/4th...
Yesterday, LX has a large upside spike making new all time highs following a rejection of the 20MA on the daily chart. Today, LX pulled back into a key level of support (Previous all time highs) and the 38.2% Fibonacci retracement level. I went long on this pull back after LX showed signs of strength intraday (Higher highs, higher lows).
Entry - 15.95
Stop...
BILI, another volatile/speculative name, has attained new all time highs last week and was consolidating in a flag pattern. Within this flag pattern, an inside day formed similar to price action I wanted to see during a coiled spring setup. In a coiled spring setup, I want to get long in the smallest range day in the last 7 days. I went long BILI yesterday due...
SHAK is another speculative/volatile name with a bottoming pattern that has recently broke out and short squeezed. SHAK has been consolidating right under a key level of resistance at 71.60 and created 3 inside candle days in a row on the daily chart. The price action on 1/16/2020 is also significant where price created a high volume hammer on the daily. SHAK...
Nifty Next 50, like the Nifty 50, was in a secular uptrend and was confirming the new highs made by Nifty till about the end of 2017 and peaked out on 15th Jan 2018 with 32024 levels on the weekly charts.
The struggle continued all through the year with the bulls failing to claim supremacy. The Nifty Next 50 also since has not been able to make higher highs like...
In this chart we're looking at SWN on the 1D chart as price has consolidated into a rectangle. Price has broken down through the horizontal boundary around $1.78 and has confirmed the breakdown after printing a 1D candle through the $1.73 area.
This rectangle has a price target of around $1.11 for about a ~37% gain.
If you would like to see more of these ideas...
In this chart we're looking at PKI on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $98. After price prints a 1W candle through $101.28 breakout will be confirmed.
This ascending triangle has a price target of around $125 for about a ~27% gain.
If you would like to see more of these...
SDG had been setting up an inside day candlestick this morning. SDG has been heating up since breaking it's downtrend, bottoming with a J.lo bottom, and gaining multiple accumulation days on the daily chart. I went long SDG to take advantage of the upside volatility due to the high short interest and the inside day candlestick.
Entry - 13.36
Stop loss -...
