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Tripletop

BABA - Triple-topping: What to do with the upcoming earnings?BABA’s exceptional run seems to be triple-topping. While the long-term trend remains up, the short and mid-term pictures look like they have turned to the downside. The company should announce earnings on Feb 1 before market open and I would wait for this catalyst to go long, just in case any fundamental disappointment should take us lower to confirm the poor, current technical picture. In line with the strategy I proposed on NFLX (see below), the game consists in buying synthetic upside exposure ahead of earnings. If the stock breaks out, you will be exposed to the upside. If the stock remains range-bound, you will lose a small premium. If the stock disappoints and tanks, you could decide to lose your premium or to sell a put to make your lost premium up. 1. BUY BABA Feb 16'18 $182.5 CALL = $6.90 (3.78%) OR 2. BUY BABA Feb 16'18 $192.5 CALL = $3.32 (1.82%)
NYSE:BABA
by HAL9000
PIVX Putting Up A FightPIVX is forming a classic pattern. We have 2 scenarios. A preferred scenario which is current, or alternative scenario which is possible. First we notice a short term double top. Market did correct in past few days but this is normal with every market. Don't call the sky is falling. It's not, well at least not yet. Scenario 1: Light Blue: Nice noticeable flag pattern. A pole to commence wave 1, a zigzag ab=cd pattern Wave 2, and a commencement at flag break out of wave 3, with a 5 wave expected expansion. This is what we want! Scenario 2: This current trend could also meet a rectangle ab-cd which means current price and still fall away to challenger the bottom of AB wave. If this does we need to look for divergence on MACD, then some volume to support a candlestick reversal. Remember this can then challenge the top of this pattern. If it breaks out, the trend will begin to either form a triple top, or pass through to extend. Key notes: -Triple top is not out of the question. -Scenario 1 means we could be in the beginning of a wave 3. (currently in waves of lesser degree within wave 3) -Scenario 2 means this could still drop, at that point look for divergence and volume Please leave feed back. I love to continue learning so feel free to send constructive criticism.
Long
by TradersMission
Triple top downside breakout LTCBTC trading plan. The general alt context is the one of a very strong correction. Some major cryptos broke (yet) historical support levels, LTCBTC -4.43% just broke the 0.010 line that supported the price since may. It confirms the Triple top pattern. The trade has, seen the context and the major break, an high probability of success. We well use the maximal amount of money allowed by our money management. Black lines on the Charts represent the different magnet levels given by ichimoku (Use higher TF flattened SSB -0.22% levels), the -20% level is the target given by the Bulkowski rules for tripple top patter trading. We enter now as the break happened and add on pullbacks till 0.010 AND on rebreak lower. This alt counter rally is EXTREMELY strong. I see no or few pullback coming. Stop slightly above 0.010. The plan is to trade only this leg down for the moment. Trade risk reward is around 3. We'll be cautious around 0.0084 as a resistance stands at this level.
Short
by narushima
5
Triple Retest of StructureHi guys, very simple setup: we can see a triple retest of the same level, that is a daily structure level. Every time the price reached that level it did with lesser and lesser strength: therefore i can go short, with stops above highs and targets as shown on the chart here. Remember to take a look at my videoanalysis (link down below) if you want more. If you want to share your view/idea, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Triple Top on GBPNZDHi guys, very simple setup: we can see a triple retest of the same level, that is a daily structure level. Every time the price reached that level it did with lesser and lesser strength: therefore i can go short, with stops above highs and targets as shown on the chart here. Remember to take a look at my videoanalysis (link down below) if you want more. If you want to share your view/idea, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
4
AUDCHF great price action and very nice opportunity to go short This is perfect situation where short position has potential to bring some nice profits. 200EMA tend to stop corrections and put pair back on track followed by latest trend. I drew the line along three tops which perfectly stopping pair and pushing it back south. I would set TP just before 0.7000. It is hard to predict how the pair will act in the next couple of weeks so it is quite possible that I will close position before it will reach the desire level. I think it is very nice opportunity to risk capital because this kind of price action is not happening very often on daily or weekly chart.
Short
by Krystiannwk