TA
$LYV Wedge Almost Complte | Take OffBreakdown of $LYV Live Nation Trading With Options
Estimated Play Time:
- Trade 1: 4 Days
- Trade 2: 18-22 Days
Trade 1:
- LYV $45 Put 7/17 @ $350 per contract, looking to flip the premium. Most likely won't hit in the money, don't be greedy.
Trade 2:
-Buying the breakout: This massive wedge should result in a overall move to $55 within the next month of so.
When the time is right, we will be looking to grab
- LYV $50 Call 7/17 @ Contract should be around $120 (currently sitting at $198)
Do not trade this you will lose money
DotcomJack | Easy Loot | The Dotcom Takeover
Potential Snipe Trade SetupCurrently to me looks like we have a bit of a descending triangle forming in yellow on the 15min. If we get a candle close below my support I would be expecting a bit of a drop towards 9k which also happens to match up with my purple parallel channel that I've mentioned in previous posts, As long as we respect old support as new resistance. On the opposite side of things if we get a third touch point confirming my yellow triangle resistance followed by a candle body close above I would expect us to actually be in a bit larger of a triangle pattern (red resistance) which price will vary depending how long it takes to reach up there but just eyeballing looks like probably around 9450 ISH?
(simple TA) FMG didn't break support (1hr)Even with the BLOOD BATH that was last week, FMG didn't break this support trendline beginning may 4th on the 1hr chart.
$XVG.X m00nOur m00n Scientists have disc0vered this chart determining the p0ssible channels f0r Verge. We suggest y0u pathetic earthlings m00n this time and buy XVG.
GBPJPY SCALP 20 PIPS SHORTan opportunity after a big bullish day losing momentum, confidence arises when it crosses 15m resistance and MA which price shall go to 1d support.
enter only when candles confirm.
trade according to your system only
tp 20 pips sl 10 pips
sell stop - pink line 136.187
USDCHF SCALP 20 PIPS LONG Grey area shows ranging price as 4hr and 1d as strong resistance and support, the losing momentum should be followed up with a break upward of 4hr resistance which will be a good opportunity to enter a trade for long position. upon higher timeframe analysis, it offers more potential pips as well.
trade according to your system only.
sl 10 pips tp 20 pips
buy stop - pink line 0.96469
GBPJPY SCALP 20 PIPS SHORTanother opportunity to short a strong resistance and losing bullish momentum. will enter trade when it break the 15m support.
trade only according to your system
sl 10 pips tp 20 pips
sell stop - pink line
GBPUSD SCALP 20 PIPSgiving respect to the 1hr trend line as it just hit support , price will be going up for quite a while unto the trend resistance. Will enter trade as it break through the first 15M resistance, assuring for more upward movement until the 4h resistance which will result possibly in a small consolidation up until second 15m resistance . Waiting for candlesticks and price action to determine confidence on the order.
trade only according to your system
sl 10 pips tp 20 pips
buy stop - pink line
EURUSD SCALP 20 PIPSthe 1D resistance has been rejecting price lately, a good opportunity to scalp pullback once again . will enter trade if candles form bearish price action on the 15m tf , signalling a minor retracement, possibly a major one according to some higher tf analysis .
sl 10pips tp 20 pips
trade only according to your system.
sell stop - pink line 1.09835
GBPJPY SCALP 20 PIPS a good opportunity to trade the retracement upto the 4hr resistance. the trade gets it confidence when it breaks the 30 minute resistance and the support trend line signaling for a minor bullish price action.
sl 10pips tp 20pips
trade only according to your system
buy stop - pink line 131.975
GBPJPY SCALP 20 PIPStrade gives respect to the small hourly trend, short bias. it seems to have rejected the hourly resistance and pushing down to 15m support.
breaking the support continues the trend downward for a potential of 20 pips and possible more. but must take note of the possible bullish trend continuation, however not viable to enter as momentum is diminishing.
will enter trade as long as candles confirm,
trade according to your system only
sl 10 pips tp 20 pips
sell stop - purple line 132.620
ONT Kumo Edge to Edge Bullish ActionPosted this chart a little later than in discord, but we've had a nice reaction from this diagonal and are now moving back up towards that 100ma after finding a nice support base at that current MA cluster.
Rest of the info outlined on the chart - would be nice to see a really clean Kumo edge to edge play out here, emulating a lot of the other Alts doing the same right now.
Would love to hear your feedback or thoughts below - always happy to discuss!
Safe trading legends :)
AUDJPY (incline towards long)We can see that the AUDJPY pair is making effort to move HH. A breakout upward might be promising after the forming of ascending wedges. Do wait for a pull back after the breakout before placing your trade. A formation is just a formation till it breakout (Please always remember that!). I will continue to monitor this pair, in the event of breakout (upward/downward) i will post another chart to update this.
Please click on my profile to follow me , if you think my ideas do help you or provide you with another insight
Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :)
Quotes "The key to trading success is emotional discipline"
Apple Short Supply Zone Might be getting ready to roll over from here. I'm expecting a big pullback. Good luck and trade at your own risk
Short ADT | Weekly Technical AnalysisTechnical Update on NYSE:ADT after earnings...
After we bounce around and come to the close of this pattern we may see a pump toward $6.18 if the market can hold up entirely. We just lost the weak support at time of writing.
Estimated Time: 4 days
Not trading advice, simply TA
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DotcomJack
🔰Channel is an element of technical analysis🔰
Let's recall my previous TA ideas and more 👇🏻👇🏻👇🏻
T oday we are talking about channels. Come on💪🏻
Technical analysis defines a “channel” as a corridor in which a price chart moves limited by the support line below and the resistance line above.
There are three types of channels:
📌bullish channel
📌bearish channel
📌sideway or range (flat, trendless)
The channel breaks, when the price breaks through either support or resistance.
Breaking resistance on the bull channel is a good signal to buy. For a bear channel the opposite is true.
With the side channel, the signal is less strong. If we break through support on the bullish channel and resistance on the bearish, we get a weak sell / buy signal (it is better to get confirmation from other indicators).
In addition, you can play inside the channel, observing two rules:
⭐the longer the price moves in the channel, the more likely it is to exit it;
⭐play better towards the main trend.
If you like my edu posts, put me like and subscribe on me💪🏻❤
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Your Rocket Bomb🚀💣
💁🏻♀️The resistance and support lines🤷🏻♀️ Hi, guys! 👋🏻👋🏻👋🏻We continue introduce newcomers with technical analysis and repeat the TA with “oldones”. 😆😆😆
🙌🏻Today we’ll talk about support and resistance levels.
Let's go💪🏻
The resistance and support lines are the foundation of the classic technical analysis.
All trend lines, models and figures are just combinations of resistance and support lines.
A resistance line connects important market highs. It occurs at a time when customers are either no longer able or unwilling to buy at higher prices.
Simultaneously with each ascending movement of the price, resistance of sellers increases and sales increase, which also puts descending pressure on the price.
The upward trend stops and, as it were, rests on an invisible ceiling, which it cannot penetrate at the moment.
If the bulls gather their strength or the bears weaken their grip, then the price is likely to break through the previously established resistance level. Otherwise, the reverse price movement (the so-called "rollback") is inevitable.
The support line connects important lows (bottoms, soles) of the market. The emergence and existence of support lines is exactly the opposite of resistance lines.
Here the “bulls” change places with the “bears”.
Sellers are active players in the market who push the price down, while buyers are the defending side.
The more active sellers are and the more passive buyers, the higher the likelihood that the level of the support line will be broken and the price will go further down.
The lines of resistance are always above, the lines of support are below.
If both the resistance line and the support line are strong and hold long enough, then depending on their combination, various images and associations arise, which give the name to trending models and figures.
It should be noted that it is better to draw support / resistance lines on the charts through the zones of price accumulation, and not through maximum emissions. A massive accumulation of prices shows the behavior of the determining mass of traders, and emissions are just the panic actions of the weakest market participants.
It should also be noted that the values of the levels are stored in the memory of traders and if some time when some events occurred when approaching a certain level, then the next time when approaching the same level there is a high probability that the trader will perform actions in that direction, where the price was moving the previous time.
The more times a trend encounters its resistance or support, being unable to overcome them, the stronger signal about the weakness of the trend we receive, and the greater the likelihood of a reversal in the future.
Often resistance changes places with support, and support changes with resistance. It's all about psychological factor.
I hope you were interested and learned something new 😸, are U?🤔
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My previous idea👇🏻👇🏻👇🏻
XAUUSD Technical AnalysisSo far gold has been continuously retesting the descending wedge top resistance line, more than 3 times, proving to be a major resistance level.
The descending wedge looks to be a bullish flag in the 1D timeframe.
Technical Analysis for short term:
- Breakout above 1710 --> Take profit 1 @ 1720 the first resistance + TP 2 @ 1730 the historical major resistance
- A strong rejection from the top of the descending wedge at 1708 --> Take profit 1 @ 1692 the first support level + TP2 @ 1673 if it breaks below TP1
Stochastic Oscillator displays a descending crossover towards the 40 mark, typical of a bearish pattern.
MACD displays a slightly bullish slope in the green, although it would be noted there's a hidden divergence in the decreasing buy volumes. This possibly precedes a bearish reversal in near future.
Most Techical indicators point to a dying bull pressure, to a possible strong SELL in the short term.
Fundamental Analysis for long term:
Then again, GOLD is heavily sensitive to economic forecasts:
-Highest US household debt in record
Risk adverse investors fearing a possible second wave of pandemic after gradual easing of COVID measures
US- China Tensions and possible trade war
These points to investors turning to the one historic hedge against risk: GOLD , therefore we can look for a LONG TERM BUY opportunity. Things to watch out for is the China reaction to US accusations about the virus, an easing of tension would point to a temporary drop in gold price.
