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Terminalpattern

US OIL analyzehello everybody. according to the technical analyze we can see the terminal trend in US oil. and i think the trend in 1D timeframe become weak and i see a correction potential for that. after we break out of disjoint channel that i draw on my chart we could have a pullback and after that go down. the first target for swing traders is around 93 94 and we can see a strengh support around 85-90 area like i illustrate in chart. PCC(point of control)is in this area and we have the MA200 here too. in addition longterm trendline is around this condition. so we have 3 important levels and support in this area (85-90). our momentum is in overbought level and going downward. dont forget to put stoploss above the last major high. (NOTE:friends this is my personal opinion and its not a trade suggestion. please analyze in your own strategy and help me be better) thank you all.
TVC:USOILShort
by TraderAmin-KZ
2
DJI - Terminal Pattern Finishing Up + Nice Trade SetupIf you are wondering what you should be doing in terms of trend following the equity indices these days, I promise you are not alone. This multi-month range-bound "bull market rally" since December has turned into a money-printing extravaganza for everyone who is not in the business of making money in markets. The disequilibrium between "normal expectations" of growth and sustained easing and the "new normal" parabolic crypto-gimme has created a very difficult trading environment for those who earn the proper way. Finally, though, we may have come thru to the end of the tunnel on this rally with a tricky terminal pattern forming on the hourly/daily of all the major US equity indices (and Bitcoin, obviously). This one is pretty hard to spot and if you aren't looking for it, the past three weeks of price action seems completely bizarre and trendless. It pretty much is - since it is a triangle after all. The only saving grace about this triangle is that, if it is the one I am thinking of, it is for sure a terminal pattern, (1), and, (2), there is a very nice trade setup incoming tomorrow with a very high probability of success and several points of impulsive price action to boot. Rejoice if this ends up looking even close to what happens tomorrow because the top is in. -TunnelPigsion DJCFD:DJI SPCFD:SPX NASDAQ:IXIC RUSSELL:RUT
TVC:DJIShort
by UnknownUnicorn5511258
24
Sunset on BTC? - BitPig Terminal SetupI've been both a BitBull and a BitBear recently. I've also been incorrect recently when subjecting my opinion in either direction. Thus, I am going with my most objective BitPig analysis today and providing what appears to be the most likely scenario. Although it is ultimately Bearish, I am not a Bear in this case. Just BitPig with a BitDream is all. BTC may shock everyone with a sudden reversal soon. The pattern that appears to be forming is a type of terminal fifth wave that ends with a horizontal triangle and subsequent retracement back to the Wave 2 line in red. Should this happen, we might see a much heavier selloff thereafter. I'm expecting a sunset, but if the horizontal triangle gets broken to the upside, we could be seeing a new sunrise instead. -BitPig Rises, BitPig Sets CME:BTC1! BITBAY:BTCUSD BITBAY:BTCUSDT BITPANDAPRO:BTCEUR CRYPTOCAP:TOTAL2
CRYPTOCAP:BTCShort
by UnknownUnicorn5511258
48
TSLA: Correction potentially overI'm long TSLA from here, risk is $19.83 per share. I expect a short squeeze rally to come after the merger news come out. If price drops lower, I'd look to buy near $150, but I doubt it'll happen. Long term, buying in this wide range, between 150 and 200 is possibly a great trade. Technically wise, price appears to have formed a falling wedge, maybe the last wave of a correction before more upside. If that's the case we'll see a very rapid rally back to the $270 mark in 1/4 of the time it took to fall down from it. Additionally, we're up for the day here after testing a low volume support level from the weekly, so we have a low risk long opportunity in play. Refer to Tim West's TSLA Elliott Wave count for more information. (keep in mind this is my interpretation of the chart. If you have any doubts about the wave count, contact Tim. Good luck, Ivan Labrie.
NASDAQ:TSLALong
by IvanLabrie
35