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Retest

PG on downtrend continuanceOn the 2 hr chart, PG was fighting heavy resistance for month. The supply /resistance zone is on the chart from the Luxalgo indicator. Multiple touches but the zone was not broken. Price has retraced down beyond the 0.5 Fib level. PG is tracking well with XLP the consumer staples ETF shown as a thin black line on the chart. The Luxaglo Echo indicator, a predictive AI tool suggests that price will retest the 0.5 Fib level and then descend to the support /demand zone with a volume mean of 149.5. I will take a short position with put contracts with a strike of $ 154 above the Fib 0.5 level with DTE of 6 = 5/26. For the stock position, I will set a sell limit of $153 also with a stop loss of $ 154 with the the target for 2/3 of the position at $ 150 and the remaining third is to watch to see if the zone brakes. I believe that this is a safe trade in a low-volatility stock set to capture profit advantaging the prevailing trend running in concert with the subsector ETF.
NYSE:PGShort
by AwesomeAvani
8
Gold is still very bearish Intraday and MajorlyGold is still completing a Double Top from a daily perspective. The Daily is forming a lower low. The 4H timeframe is also creating lower lows and lower highs which tells me that intraday is a sell as well. I believe the momentum is bearish and now is the time to capitalize on shorting opportunities such as this one. The 1h created a clear very strong lower low breakout. There's an area of interest on the back of a broken Daily Trendline. I'll be monitoring the 1hour as well as the 30min chart for shorting opportunities. Targets for this short is the next Daily support level which happens to be just above a weekly support.
OANDA:XAUUSDShort
by DesharedPierreJr.
Ocean Likely Headed LowerUnless it can break back above the H&S neckline and then the right shoulder, Ocean Protocol may be headed down towards the following targets instead of seeing north of a dollar again: - TP 1 = ~8.6 cents - TP 2 = ~3.8 cents A possible 2x measured move would take it back under 2 cents and less than 3/10ths of a cent above the weekly close of its ATL. Should it instead break above the neckline and right shoulder @ approx $1.10, then it could revisit its ATH or see a new ATH. Until it does that, the proposed sentiment is short.
OShort
by dudebruhwhoa
Either way - 37k or 13kTwo different ways to look at the present HSi pattern on Bitcoin, both targeting the same areas with slight divergence: - If it's the smaller dotted white line HSi, we're already near completion of a re-test, now. - If it's the larger solid blue line HSi, we could fall a bit more to complete a re-test. If either of these fail on re-test and then drop and hold below the right shoulder, targets for both lies in the area of 13k. If either succeed on re-test, the targets for both land in the area of 37k. --- If you like my ideas, please give it a thumbs up. If you don't or have an alternate opinion, please still share your thoughts in the comments. --- Thanks for reading!
INDEX:BTCUSD
by dudebruhwhoa
A Four Hour Evening Star Formed at 38.2Weekly momentum may suggests that intraday momentum is bullish. Last week closed out a very strong bullish engulfing from the low of a weekly range. However The Daily is currently at a key reversal area despite its attempt to create a higher high. The 4 hour has been uptrending with high highs and higher lows despite many weak bullish candles. I believe price is relativelty close to topping out at its high for a reversal given that a confirmed evening star formed at a zone, resistance and the major 38.2 level. The one hour has already broken a bullish correction trendline and the 8MA has crossed to the downside of the 21SMA. 0.67872 is a key area for a short re-test as well as the wick of the evening star. There a monthly resistance right above this new high. I'll be monitoring the 4 hour timeframe for more signs of bear strenth. I'll be looking to enter on a 30MIN or 1 hour set up.
Short
by DesharedPierreJr.
GBPUSD - New Buying Opportunity !Hey Traders 💖 On The Daily Time Frame The GBPUSD Price Reached a Key Level (1.24482-1.25258) The Price broke and closed below a key daily structure support . The GBPUSD Formed an Ascending Channel, Currently The Price is Testing The Support Line of The Channel ! if price stays above the key zone, GBPUSD can continue the bullish move ! ----- TARGET 1: 1.24985🎯 TARGET 2: 1.26195🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Long
by Hsan_BenAhmed
1
GBPCAD - NEW BREAKOUT 📈Hello Traders 💖 On The Daily Time Frame The GBPCAD Broke The Major Key Level (Support Becomes Resistance Level) and he Broke The Resistance Line ✔ Currently, The Price is testing 1.68195-1.68603 Support Level for Creating a new Higher Low 📈 If Price Stays Above The Key Zone, GBPCAD Can Continue The Bullish Move 📈 ----------- TARGET 1: 1.69930🎯 TARGET 2: 1.71650🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Long
by Hsan_BenAhmed
6