"Thrill Rides is our DNA" - 7:1 Long on SIX What a rollercoaster of a stock since before the crash of of 2020 ... my charting of Six Flags is inspired by just now listening to a video about the company (not produced by me), and by my recollections of Magic Mountain from as early as the 1970s. Hopefully you will challenge my forecast and/or my measurements with your tough questions, since this venue is meant to arouse the reverse-engineers and to provoke the thinkers to do what we do best, right?
As always, I strive to render these ideas of mine so obviously that their explanation will require no words. Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
The details of the chart speak for themselves, however the fundamental narrative on which it is based is not all mine, only my initiative to look for a trade in it (see links below, for reference).
You will note that, as of this writing, the price has not fallen into my entry point, nor do I have conviction in the full harmonic potential. Even the heat map w/in the Range Analysis agrees with my medium term vision, which ends in an implied retracement.
Another 8:1 Long trade is also implied, should this forecast play out, however that will depend on fundamentals that will have evolved significantly by then ... which is to say that Six Flags may not survive a recession even with a decent turnaround strategy.
I am preparing a video on prospecting for opportunities during the current Sector Rotation, and Six Flags might become part of it. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023, in preparation for live streaming.
Until then, be liquid !!!
. . .
NOTES:
"The Death of Six Flags Is Getting Ugly"
www.youtube.com
After reporting their Q2 Six Flags 2023 earnings report, Six Flags stockholders have been shell shocked and the future of Six Flags looks dim. What will become of all the best roller coasters in the world that the Six Flags parks have assembled? Will 6 Flags survive or will the Six Flags 2023 season be one of their last?
Swingtrade
Moksh Ornaments for Swing/Positional Moksh Ornaments Prediction for Swing/ Posional Trading
You can enter into trade above Entry level (15.6). This level can be retest. There is a resistance 16.45-17 level.
Strong Supports (14.05-14.4,13.5,12.6) are shown in the chart.
Targets- 16.45,17,18.45,19.8,21.35,22.8,24.25,… (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Request: Please support by Like, follow, comment, share and boost.
Happy trading.
About Moksh Ornaments –
Moksh Ornaments Ltd. engages in the manufacture and wholesale of jewellery. Its products include bangles, chain, and mangalsutra. The company was founded by Amrit Jawanmalji Shah and Jawanmal Moolchand Shah on July 19, 2012 and is headquartered in Mumbai, India.
You can follow me in social media through links given below-
DEATH CROSS STILL LOOMING IE..TOUCHINGWe have a death ❌ cross looming ie..touching now and looks ready to cross, I still believe we dodge the crossing 🚸 crossing and the 50EMA and 200EMA start pulling back apart because I see too many bullish scenarios, we have a large bull flag with a falling wedge pattern inside which is both bullish, we have price coming off the negative LRC Linear regression channel meaning oversold as well as the RSI just comming out from oversold on the 50 , and we have price sandwiched between major support and major resistance, there is always a 85% chance price does not fall far from the LRC Linear regression channels negative lower line as it in most cases bounces from the upper positive to the lower negative position , we are using the daily time frame, in my last post I posted a long position call and as we sit we are up on the position almost 1k pips, I believe we should let this swing trade plays out , it's a 8:1 risk reward with a take profit APROX 45k if this swing trade lasting a month or more plays out, if we use history as a sign we usually have a nice parabolic move mid November/ December into January and next year we will be having the Bitcoin halving . Please see my last post for the long trade still in play. Yes there is a chance that we still could be seeing red with the death cross looming at our very feet but it's not guaranteed and we just might pull back apart with all the bullish patterns and senerios.
IOLCP for Swing/Positional IOLCP Prediction for Swing/ Posional Trading
First breakout at Entry 1 level. Trendline breakout at Entry 2 and this entry 2 was retested . There is a resistance 531-539 level. You can enter in trade at Entry 3 level above 540. It can again come to 485-500 level or 465-468 level and will give upmove. You can also enter into the trade in these levels also or you can entry at any of the above levels according to your experience.
SLs- according to your entry and RRR
Targets- 531,540,570,589,641,690,744,735,845,895,945,1000,1050,1100,..
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Can anyone tell me which chat patterns are shown up here?
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Request: Please support by Like, follow, comment, share and boost.
Happy trading.
About IOLCP –
IOL Chemicals & Pharmaceuticals Ltd. engages in the manufacture of organic and inorganic chemical compounds. It operates through the following geographical segments: India and Rest of the World. The company was founded on September 28, 1986 and is headquartered in Ludhiana, India.
You can follow me in social media through links given below-
GBP/UAD _ swing trade long ideaGBP/AUD has retraced from its YTD highs in three waves, and hinted at a swing low with a Doji yesterday.
Moreover, the doji formed at a long-term trendline, historical high and 50% retracement level whilst RSI (2) was in the oversold level.
The bias remains bullish whilst prices remain this week's low, with an interim target near 1.9700. Given its established uptrend, an open upside target could also be considered.
HDFC Twins long opportunityBoth HDFC and HDFCBANK looking bullish. Reversed from TL and 200 EMA, and heading towards upper TL, trading above 20 EMA. Can go long at CMP (might take little more time to reach Target). SL can be below bottom TL, but mostly it will not breakdown 20 EMA
Disclaimer: This is purely my own view and not a recommendation to anyone
NZDJPY: Classic Swing Long Setup 🇳🇿🇯🇵
NZDJPY is trading in a long term bullish trend.
After setting a new high, the market retraced to a major rising trend line.
The price formed a cup and handle pattern,
bounced, violated a resistance line of a falling wedge pattern
and closed above a horizontal neckline.
Feels like, bullish trend will continue.
Goals: 87.77 / 88.28
❤️Please, support my work with like, thank you!❤️
FORD $F | Longer Term Demand Zone Ford, a Popular American AutoMaker has been having a struggling stock performance since its 2021 rally. This stock has continued to rally upwards and melt back down towards this $11-$12 area. What we are witnessing now is a retest of these same levels that previously sent the stock back upwards with volume.
I am keeping my eye on Ford at these levels as historically this stock bounces from this demand zone. This demand zone is heavy, as highlighted in green, and will also be having support from a diagonal trendline around the $11.40 level helping support prices of $F.
With this large area for support considering the Demand Zone & the diagonal trendline retest, I believe that this area of price levels gives a solid Risk/Reward Entry on a Long Position on $F.
A break below this trendline would be a good exit point, as the stock could probably dump underneath heavily. With this Risk/Reward entry point, a swing position can be attractive or a LT entry. I am just pointing out these levels, as I think it can be an interesting area to watch the stock react to, and thought I'd share!
Happy Trading!
GBPUSD: Bearish Outlook For This Week Explained 🇬🇧🇺🇸
GBPUSD broke and closed below a solid horizontal demand cluster
on a daily time frame last week.
The broken structure turned in a supply zone.
I believe that the market may drop after a retest of the underlined blue area.
Goals will be 1.2517 / 1.2427
❤️Please, support my work with like, thank you!❤️
2 Sided Scenario XAU/USDBased on fundemntal analysis, along side the current economic crisis, I am following the secondary scenario. Which sees gold into the 1700s before LIKELY NEVER RETURNING. what this means is yes gold is going to become bullish. As of now we are still squarely in the bearish Channels. The impulse to 1917 will soon be corrected, and the cherry will continue downward. Scenario 1 calls for gold to reverse after reaching the first liquidation zone. (Green lines) these scenario will be identical until liquidation is reached. After we should see an impulse upward followed by a deeper dive. This is in the neighborhood of the 1832 past price action. If this scenario is confirmed you will see a reversal 1815-1832-1841. If it continued upward that confirms scenario 1. If it impulses upward and continues down (most likely) it will confirm the 2nd scenario (red lines)
I have to ask myself. “WHAT WOULD A THIEF DO”
All the banks are unfortunately are the best thieves on the planet. The thief would push the price down to an unthinkable zone (yet completely valid by chart fundementals, and past price action. Unfortunately every chart is in a constant state of manipulation. Easily persuading you to put your money on the manipulated side of the market (costing you heavily)
Don’t fall for the manipulations AND DONT GET IN TOO SOON. Democrats fight the price of gold pumping the USD. The next president should show us some answers.
As always may the force be with you all
EURJPY: Consolidation & Complete Indecision 🇪🇺🇯🇵
EURJPY is currently trading within a narrow horizontal range on a daily.
Depending on the side of a breakout, I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above 159.5 resistance on a daliy,
I will expect a bullish movement at least to 160.5 level.
Bearish Scenario
If the market violates 157.4 support and closes below that,
a bearish movement will be anticipated to 156.1 level.
As always, breakout is the best confirmation,
so wait patiently for that.
❤️Please, support my work with like, thank you!❤️
XLV still coiling, possible double top on the daily? On the weekly timeframe XLV continues to coil.
On the daily timeframe we may have seen a double top after the rejection at the bottom of the gap (136.50 area).
FWIW these options can move, but they are low volume. On high momentum days trading the same week can be effective. Personally, I prefer to bid for calls on red days and puts on green days with swing trade straddle targets in mind.
I'm currently eyeing the gap above but a breakdown with a stronger market pullback is possible. I will be looking to add a long swing position after the Jackson Hole / JPow speech depending on market conditions.