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LEG

Bull's and bear's war🤜🏻🤛🏻LEG (LEGGETt&PLATT), based in Carthage, Missouri, is a diversified manufacturer (and member of the S&P 500 Index) that designs and produces various engineered components and products that can be found in most homes and automobiles with market capitalization 5.61B. And now after huge uptrend the price entered into consolidation. Price is bouncing between two historical support and resistance levels and huge impulse is expected after breakout. Follow the chart carefully and look for the breakout. If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
NYSE:LEG
by Berzerk_invest
1
USDJPY HEAD&SHOULDERS Waiting Game On..!If the breakout occurs on the second leg of H&S it will go to next support level will look for short.. Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
by tyleralee
GBP/USD - NEW DOWNSIDE LEG?Despite the GBP's surge on Friday following the reached agreement on migration between the EU and U.K the Pound still looks like it can print a new downside leg. The Monthly candlestick closed below the key support region of 1.3250 and formed a hanging man candlestick which was mirrored on the Weekly timeframe also. Here on the Daily timeframe, we can clearly see lower low's and lower high's being printed with the most recent low printed last Friday 29th June before rebounding back into the refined Fibonacci region of 61.8 and 78.60% which is a great area for reversals. My viewpoint is currently bearish on GBPUSD and today's Manufacturing PMI (Jun) 09:00 GMT may disappoint, I will be holding back and awaiting for Monday's movements to clear away in order to gain further clarity. Candlesticks will be very important in this region as a strong bearish candlestick closure in confluence with a 3rd bounce of the descending trendline could give the signal that i'm looking for.
Short
by ozzypfx
Bitcoin reversal? How to start entering long After a long and brutal decline Bitcoin has shown a reversal on the 30m chart. Double digit gains in 2 hours started the reversal (6100 to 6900). While it is easy to see these short squeezes, ist hard to enter at the right places! I want to show you how to start entering long in a possible reversal without FOMO (fear of missing out). After prices hit 6900 and broke the downtrend, BTC moved down again in a short term trend channel. Two big questions arise now: a) Do we get a new low, which is often to be expected after a trendline break? b) Or will we get a higher low and establish a working uptrend channel , indicating a reversal? In the chart I have marked with blue arrows the candles at which decision could be made regarding the two questions. At these points you can enter long: Long 1 +3: Prices bounce up at important levels, indicating a valid uptrend line. Simultaneously the short term downtrends are broken. Both entries are a little more aggressive but have the biggest upside potential. More details I described in the chart. Long 2 +4: Here we can already see prices moving up in a steep new uptrend. Furthermore a second attempt to go down inside the trend failed, which is a failed second entry short. This traps some shorts and leads to more buying pressure. This is a little difficult to see on the 30m timeframe here, but if you look closely at the shape of the candles you can spot it. On a lower time frame (15m) it would be easier to see. What is happening right now? Prices have reached the 7800 level, which is the resistance level and former breakout area. All shorts from the prior strong downtrend have now seen their breakeven stops (or trailing stops) hit. Prices could not go higher an started a new downtrend channel. Is this the end of the uptrend already? No, at the time of writing BTC pushed higher, breaking the downtrend. This could be a bear trap and we might see a new high. Prices above 8.000 would probably trigger a lot of stops from shorts.
BITFINEX:BTCUSDLong
by FBlocktrader
2
Upmove inside channel over: New downtrend or another push up?Bitcoin has reached the upper side of its broader range, which is a slightly upwards pointing trend channel. At 12200 there was also a resistance level and the upper trend line of a steeper trend channel. Is this a reason to short at 12.200? I would say yes, but only for very experienced and aggressive traders (with tight stop). Another reason this level was a target: it was also a second leg up after the breakout of the tight range from 11.400-700. The marked long entries are signals to enter because you expect it to go up inside the range towards the resistances at 11.700 and 12.200. Both entries confirmed lower trendlines of uptrend channels. Targets for these trades would be at 11.700 and 12.200. What is going to happen next? Right now prices are working lower inside a downtrend channel, but there is support at the former resistance level (11.700). From this point we could see another push to 12.500. The uptrend channel has been broken right now, but often after a break we see a new high. But as long as the most recent small downtrend is still intact I also see downside potential, because BTC is still inside the broader range which means we could see 11.400 again in the next hours.
BITFINEX:BTCUSD
by FBlocktrader
Monero next leg up !Monero has been testing resistance against 100$ and from the looks of it Monero is growing in popularity with a growing user base, a surge in searches on Google trends and a number of pro Monero articles surfacing in the past few days. It looks set to go up again and potentially may retest its previous highs. As Bitcoiners look for a place to hedge their bets Monero becomes an increasingly enticing place once more research is done. Monero having no marketing budget that most coins use to pump their price and having superior technology has found itself severely undervalued, its only a matter of time before the new money coming into Bitcoin educate themselves on what makes Bitcoin truly valuable and find that same thing intensified in Monero.
Long
by Emperor_Penguin
LEG- Upward channel breakdown short from $49.87 to $45.13LEG Looking good as short. Great breakdown below upward channel formed since October 27th. Moneyflow also broken down. We think it will decline further. * Trade Criteria * Date First Found- May 19, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- Break of $49.87 Exit Target Criteria- $45.13 Stop Loss Criteria- $52.6 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:LEGShort
by AcornWealthCorp