Short TD - lots of upper wicks on daily is smart money selling into strength - bollinger bands tightening means move is coming soon - retest of red breakout line before moving up higher (see attached chart) Just a note - the better trade would be to try to grab some shorts once price hits the lower line of the blue channel.
hit 9th green candle in the hourly. it's down for about 4 hours and then back up.
First bearish wave of TD is done as of Friday, May 12. Now it will retrace to around 50-52. Afterwards it will drop again to around 40 dollars.
www.fool.ca HCG Contagion idea
fundamentals: seekingalpha.com If tomorrow's close is >49.50 then we have a bullish engulfing weekly candle. Could use recent low of 47.95 as a stop.
The chart above expresses the nature of how well TD-Combo and MIDAS Technical Analysis work together. This is personally my favourite strategy since it is easy to use and the success rate is very high. MIDAS Trading Tools for MT4 is available to download @ MQL5.com
Tim West has shared this setup in the KHL chatroom this week. I'm posting it so everyone sees it, in case you missed it. We can enter shorts in TD, and additionally longs in CUBI to create a pair trade (or simply take the short). Position size if trading the pair involves risking going long with 7% size in CUBI, and short TD (with the same size), simultaneously....
June 1st 2016 -> next target date Cheers, Keops
www.midasrocketsciencetrading.com
www.midasrocketsciencetrading.com
I think there is still more to go lower. I expect the price to hit the mid upper channel line at least. Use the screenshot below to readjust the scale: Cheers, Keops