Amazon poised for a move - GoNoGo ChartsThe giant online retailer appears ready for a move. The GoNoGo Trend is a “Go” but it is currently weakening.
The GoNoGo Oscillator is at zero and looking to find support. The Squeeze is on and has been for several bars!
We need to wait for price to tell us which way it is going on this one. While the trend is up and the oscillator is finding support at the zero line, there are also reasons to be cautious.
First, there is bearish divergence where price is making higher highs and yet the GoNoGo Osicillator is making lower highs (grey downward sloping trend line in the lower panel. Secondly, price has made what appears to be a diamond formation which is a broadening pattern followed by a triangle. While the break from this pattern can be in either direction, it is a little more likely to go back where it came from!
Either way, we’d wait for the squeeze to be over and the oscillator to move away from zero.
Squeeze
$XOP - Considering Going ShortIn w/ Back Ratio Spread on this.
What do I have to lose. If It moves to retest $40. I will make $$$, If it goes ape **** and runs away to $60 I will keep the tiny $ credit from the spread.
As long as it doesnt chop in a range. I make $, whether it is $ or $$$$ is a waiting game.
GoNoGo Charts suggest US10 yields will retest March lowsThe stock market rally has faltered and perhaps with it is a decline in investor confidence. The reality of economic woes perhaps are sinking in.
When confidence falls, investors buy safe assets and the 10Y treasury yield is important to look at. As more investors start to buy this asset to protect their investment, price will go up and yield will go down.
During the so called corona rally we initially saw a bump in yields but this was not sustained as yields fell back and have been stuck in a consolidation pattern for just over a month.
The drop in volatility has been identified by the GoNoGo Squeeze as it climbed several times during this period.
The last price bar repainted in bearish purple and flagged a “NoGo”. If the move that follows the GoNoGo Squeeze is negative look for yields to retest the lows of March. Not a good sign for the stock market.
GoNoGo Charts, the Squeeze is on for Gold!Gold continues to struggle to find direction. When we last looked at Gold we said “We will be looking closely at the GoNoGo Oscillator in the coming few days to see if it can find support at zero.” Here we are, still watching the zero line and the GoNoGo Squeeze is on!
The GoNoGo Squeeze in the lower panel (grey arrow) is showing extremely reduced volatility as you’d expect during a consolidation like this.
The larger trend is a “Go”, I’ll post that chart as an update, and so the more likely scenario here is that the Squeeze ends with the GoNoGo Oscillator rallying off zero leading price to try to make new highs around 1750.
IVR - Trend / Support squeezeI checked the SEc fillings, there is no confirmed earnings release date as shown here on tradingview. :
As a result, the Company will be relying on the Securities and Exchange Commission’s (the “SEC”) Orders under Section 36 of the Securities and Exchange Act of 1934, as amended (Release Nos. 34-88318 and 34-88465), to delay the filing of its Quarterly Report. The Company expects to file the Quarterly Report no later than June 25, 2020, which is 45 days from the original filing deadline of May 11, 2020.
Underlaying gets squeezed, please place your bets for tomorrow.
I ll try to get a fill for Option: IVR 19Jun Long Put 2, means I am bearish.
For the retracement I ll sell premium. Enjoy and good luck. :)
Squeeze Trigger Indicator - Working IndicatorHow many times we wanted to trade a squeeze and never had a good timing? I faced it everytime. Now I have built the Squeeze trigger indicator with confirmation.
I am sure this is much sought knowledge and my ultimate squeeze indicator (has been copied to an extent by TTM or Simpler trading) already.
To avoid the risk of exposing the code. I am going to keep this one private.
NOTE - Again not a holy grail, but effective.
BTCUSD, 60 - Where's it Going?This has to be a quick update as I think the price is IMMINENTLY about to explode, one way or the other. We've got an almost perfectly symmetrical triangle formed on the 1h chart after the big run-up the other day.
This generally means confusion and un-certainty within the market and analysts can struggle at this point to know which way the move is going! It will break out, it will break out very soon. Up or Down is anyone's guess!
If we had to call it - we'd go Long at this point, based on two factors, the fact that the recent general trend is Bullish, and with the halving approaching quickly many people are going to be jumping on the Bitcoin wagon! Simple supply/Demand!
Good Luck & Happy Trading!
-theCrypster
Short squeeze in play for BitcoinWhy would Bitcoin pump when everyone is convinced it is going to fall further? The answer is simple: when people expect Bitcoin to fall further, they place Short orders that can be liquidated if Bitcoin price rises to a certain level. When Short order hits a stop-loss or and gets liquidated, it is done so by placing a market Buy order, which lifts the price up. Usually traders place their stop orders slightly above the previous high, which provides them with confidence.
However, smart whales are aware of these stops and they know that when they move the price to a certain point, it will trigger stop-losses and will add more buying pressure. This is what we saw in play back on October 2019, and it can also be seen on lower time-frame today. Today’s surge is not due to the fact that Bitcoin has a good Long set-up, rather it had such an obvious Short set-up that it was seductive to liquidate all small traders and profit from the buying pressure which resulted from liquidation.
Be careful with Bitcoin , this is a huge game of speculation, and price is the most important variable here.
USDJPYAloha! Here is a missed opportunity at the beginning of the week. I had one trade open on EURUSD L that closed for 1.5%. Focusing on that trade distracted me from a USDJPY S, regardless, here is how I was looking at:
I saw a wedge pattern where price is squeezing and since we are coming from a massive move on march 26 and 27, This could be a continuation and completion of a pattern that is correcting. Overall, a consolidation, squeeze and a continued move downward. Beautiful price action with a probable 3%+ trade.
15min - 50 ema being rejecte and consolidating.
1hr - squeezing/correcting in a asymmetrical wedge if that's a thing and slight pull back to kiss the 50 ema.
4hr moving down into pattern with a bear run, continued play with it.
44 pip stop.
LINKBTC BreakoutThere is a chance of LINKBTC going exponentially up from this moment after the falling wedge pattern. Additionally, Bollinger Bands are showing us that the volume calmed down a lot (Bollinger Bands squeeze). Price usually explodes after very calm time of the market.
Take Profit: 41020
Stop Loss: 32086
Bullish on AMC stockBears have dramatically discounted this already over-discounted stock... Honestly I'd definitely look to buy anything below $4.60 (if you can!). I don't see these prices lasting long.
As with any stock that is bottoming, don't go all in thinking it's at a bottom and then panic sell because it drops (or goes up) 10 or 20 cents. That is exactly what caused this to keep dropping in the first place! You want to see a bottom form and a fast (or steady) move upward. Then wait for the dip and start buying at the support level or just above/below.
EUR/CHF - LongWe are starting to see a very clear and obvious squeeze as we retested previous lows on the Daily. The lower time frames show an even clearer pattern for the upside push.
I will be looking to take a risk entry on this falling wedge, expecting a breakout!
One of my favourite trades for the week ahead!
BTC Giant bull trapTo me 3 things are obvious:
1. The latest BTC spike is abnormal. It occurred for no apparent reason and coincided with bitfinex maintenance.
2. The spike came at a time when bulls are losing steam and someone could argue that it looks like a BIG FLASHING NEON SIGN urging them to re-enter the race.
3. Nothing defies nature's laws, and what goes up will come down.
Conclusion:
"What you don't know, won't hurt you, it'll kill you. Like if they tell you you're going to shower but they turn out not to be showers."
and since it seems that I do not know a lot about the recent events I decide to stay out of the market until things start to make any sense.
Trade Journal: Long SHAK - 2/6/2020I 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.
Entry - 71.76
Stop loss - 70.10
Target - 80.00
Potential Relief Rally to $8-9 upcoming? Price action in the MJ Sector are known for their extremely quick movements and the euphoria is short lived as retail traders take their profits. A quick and massive short squeeze plus hype from overall market sentiment is what it will take for this movement (Since much of the traders of ACB are retail traders). Historically it has done exactly just that.
Waiting to see if the next 2W candle (Ending January 31, 2020) creates a higher high above $3.02 and closes above $2.92 with strong volume. A close above 2.92 will form a bullish hammer on ACB's monthly chart, further solidifying this trend change.
Note: Historical price action between $4-5 moves quickly as there is little support/resistance developed in this zone. Strong buying pressure that lasts until $4 will leave many shorts who entered from mid November to now in the red, which may potentially cause a short squeeze into the neckline of the monthly Head and Shoulders (Around $6). A short squeeze that causes an artificial increase in price will further drive in retail investors to buy more from this hype, and perhaps lead to another short lived Bull Market as we have seen occurred thrice before.
ADXS Long of Lifetime or OMG why did I buy that? Monthly chartMethod:
Bollinger Band/Keltner Channel squeeze happens when upper & lower KC enter into BB. Use RSI and Momentum to help determine price direction. Works great on daily charts when squeeze happens with increasing RSI and Mom (ideally above 0). However, the longer the stock is in the "squeeze", it develops a base in that price zone. Longer base means stronger base.
ADXS price has consolidated to an extreme which caused the BB to form a tight, narrow band. Price seems to have found a bottom and formed a very strong base. RSI and Mom are slowly increasing and volume consistently above normal.
Recent positive news from FDA and funding. FDA news was already priced in so smart money sold making a wonderful profit ( 2 institutions doing reg direct offering? ) Direct offering of 10 million at $1.05 likely provide a short term bottom and subsequent warrants 5 million at $1.25. Important to note that they come due 6 months after direct offering issued which should be 01/23/20.
It would be wise to prepare for this stock to trade in a wild range. I am mentally preparing for a drop to $0.81 because this stock has the makings of a life changing trade. MM's won't make it an easy ride!
This is my personal opinion and not intended as financial advise. Please do your own research and never risk more than you can loose (make sure you can sleep at night).
Best of luck traders