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Pending setup on ARKK based on Historical BehaviourToday we will share a pending setup we have on The ARKK Innovation ETF managed by Cathie Wood. Another great asset in terms of technical behavior. What's the key idea of this setup? -Once we have a CLEAR correction, EXAMPLE: a formation with more than 150 days or a significant drop in the price like 2020. We draw the MOST external trendline using Higher lows; the idea is that any candlestick must not be visible above that line. Ok, once the price makes the first breakout of that line, we wait for a small corrective pattern, which can be something like 3 days or more than 15 days. IF that happens, we trade above that correction with a stop loss below it and a take profit level at 2.5 Risk to Reward ratio. In the following picture, you can see the historical result of this strategy, EVEN in situations that we should NOT have entered. (we use a stop loss of 150USD as an example on every setup) Alright, so is this setup going to be a take-profit? I DONT F@%#ING now. And honestly, I don't care about the specific result of it. The only thing I know is that I'm executing a setup under a strategy that I have a clear edge over, so I don't know the result of the next setup. However, I'm certain that the result of the next 10 setups will have a positive edge. The risk I will be taking on this setup is 2% of my capital on the stop loss. That means that if everything goes wrong, I will lose 2% of my capital. The duration of this setup can be between 20 to 45 days. Thanks for reading! Feel free to add any comment or idea.
AMEX:ARKKLong
by ThinkingAntsOk
2
Square Analysis 10.11.2021Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button. Thank you for watching and I will see you tomorrow!
NYSE:SQ
by basictradingtv
2
SQ looks bullish with Aspen Trading Support & Resistance LevelsSQ has bounced back from support @ 249.5 using Aspen Trading Support & Resistance Levels. It seems poised to go up all the way up to 265. Another tailwind might be the positive earnings today. Please like, share and follow if you agree with the analysis. Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information. Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
SLong
by tradingswift
Square stock is trading inside the box. SQ analysisHi everyone, Today we are taking a look at NYSE:SQ perfomance. As always, I've put the stock inside my boxes. NYSE:SQ has been trading with high volatility inside 190-280 range for almost a year now. Key demand areas: 191-197 222-230 Key supply area: 281-288 My outlook: To go for ATH we have to break 290 and consolidate above. To start a position look for the entry inside the demand zones. I think the company has a great long-term potential in fintech space with crypto adoption, so I am long . Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
NYSE:SQLong
by AyBe_Invest
Can we expect a new bullish impulse on SQ? Today we will take a look at Square Inc. Jack Dorsey's company. In case you don't know who Jack Dorsey is, he is the founder of Twitter inc. In case you don't know what Twitter is... (I'm just joking) Let's go back to Technical Analysis: I can see two clear structures here: *The previous impulse (which is a sequence of higher highs and higher lows) + The current major correction is a sequence of movements inside a constrained range. Ok, what is so special about that? Using Elliott Wave Theory, we can see the relationships between these two movements; one is a correction of the other one. And what Elliott concluded is that the next bullish impulse (IF it comes) will have kind of a relationship in terms of proportions with the previous impulse. That's why we use Fibonacci Extensions to define targets. Key Take away of this bullet point: The targets for a possible bullish movement are: 350 / 400 / 440 * Now let's take a look into the current major correction: After 170 days below the previous high, we saw the breakout in August, after that the price has been correcting on edge (which is pretty standard, after the breakout of structures of this size) This minor correction has been on its range for almost 80 days. * Conclusions: IF (capital letters, conditional sentence) the price makes a new ATH, we will consider that as an activation level for the bullish view. Targets are the levels we mentioned before. Invalidation level will be below the minor correction at 218.00/ IF not the analysis is not valid (that simple) *The expected duration for a movement like this can go between 100 to 150 days Thanks for reading guys! Remember to add any ideas or thoughts to the comment. Protect your capital!!!
NYSE:SQLong
by ThinkingAntsOk
8
$CRWD $SQ $TEAM $NFLX I OptionsSwing WatchlistCRWD 4H I CRWD is still testing ATH levels near $290. Our scanners picked up more activity betting on a break to $310 before 11/19. CRWD average price target is $315. SQ 4H I SQ filled the gap last week and the OS ALGO SQ $250 calls we highlighted on our watchlist went from $3.85 to $15.50! Or a 300%+ play! Seeing support near $250. TEAM 2H I The OS ALGO TEAM $410c 10/22 contracts we highlighted last week ended up going deep ITM. TEAM is reporting earnings on 10/28 after hours. NFLX 4H I NFLX outperformed the market after beating earnings. Its average price target is $677, and we are starting to see a bearish divergence on the RSI.
NASDAQ:CRWDLong
by optionsswing
1
Square Analysis 21.10.2021Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button. Thank you for watching and I will see you tomorrow!
NYSE:SQ
by basictradingtv
4
$ROKU $SQ $TEAM $MSFT I OptionsSwing WatchlistROKU 4H I Our scanners picked up an interesting trade before market close on Friday. ROKU $325c 11/12, it was a $500K trade. Setting an alert on a break from the trend. SQ 4H I There is a mini gap to fill from $252.75 to $255.50. Our OS ALGO picked up bullish activity on SQ $250c 10/22 @ 3.85 before market close on Friday. TEAM 2H I Possible ascending triangle pattern on TEAM. Retesting 52 week high levels amid strength in the cloud sector. Bullish OS ALGO activity on TEAM $410c 10/22. MSFT 2H I After a strong move on the cloud sector the past few days, we are seeing MSFT back to testing ATH levels near $305. Watching for a breakout above $305.80.
NASDAQ:TEAMLong
by optionsswing
1
$FB $SQ $BA $BABA I OptionsSwing WatchlistFB 2H I Watching FB for a breakout from this downtrend. Its trading nearly 15% down from ATH levels, after beating last ER. Reports on earnings on 10/25 AMC. SQ 4H I SQ dipped last week to later recover and hit our pt at $250. The SQ $245c 10/08 calls we highlighted went from $2.87 to $7.35! Expecting a pullback to $230 now. BA 1D I Expecting BA to break the $230 level and head to $250 before earnings on 10/27. Bullish activity has been betting on a breakout from this downtrend. BABA 1D I BABA is finally bouncing and running up into earnings on 11/04. Its up 12% from our entry last week and we expect BABA to hit $175 before earnings.
NASDAQ:METALong
by optionsswing
2
WATCHING $SQ for 192- Analysis & Key levels WATCHING $SQ for 192- Analysis & Key levels There is lots of bearishness happening in this chart on a larger scale. SQ was rejected at the resistance at 290 and has travelled back down toward the 50MA… and even though it did bounce off of it, I believe there are enough bearish technicals to bring this under and toward correction territory. The Weekly MacD is still positive, but falling. A break below the centerline would be a signal of a much larger corrective move. Currently no position, but watching for entry. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. My average is in Grey Red = Resistance Green = Support Blue = trendlines If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!!
NYSE:SQShort
by SPYder_QQQueen_Trading
3
Are we on a relevant bouncing level on ARKK? Today we will take a look at Cathie Wood´s flagship, ARKK. Main elements of the chart: a) The price is against a resistance level + Lower trendline of the flag pattern (bigger white structure) + Lower trendline of the inner descending channel. b) Generally speaking, every time we find this level of alignment between technical elements, we tend to observe good reactions. c) So, should we BUY? No, remember that you should always use confirmations or filters before taking action. In this case, we want to see a bounce + small correction on the edge of the inner descending channel. If that happens, we can think about trading towards the higher trendline of the flag pattern (bigger white structure) d) What are the targets I can expect? We have two to propose. The first one is the higher trendline of the Flag pattern, and the second target is the resistance level at 130.00 e) Speaking about duration, we can expect a 50 to 70 days movement for a full movement like the one we are expecting f) We also have defined a red horizontal line that represents an invalidation level for this analysis. That means that we will assume that the price broke the current level, and we should expect bearish pressure until the next support level. Thanks for reading!
AMEX:ARKK
by ThinkingAntsOk
5