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$WORK: Excellent entry on analyst downgradeThis was paused for ascending triangle breakout. I don't care about analyst upgrades or downgrades, as they are all biased crap. How long have analyst been calling for AMZN or NFLX, amongst other tech stocks, to crash? It seems every year some analyst releases a note of doom and yet these companies continue to outperform and dismantle the old order. Anyway, back to the chart. A bottom was put in on Sep 27th and an ascending triangle was playing out. This gap down creates a gap fill, long opportunity for me, so I'm in long term.
WLong
by streetgainer
2
ACB 50/50 Bull Flag Trading Range - Breakout ModeACB is currently in the dead center of the bull flag trading range, and a converging triangle. This is where the directional probability is very close to 50/50. However the bulls have a slight advantage because it is a bull flag trading range, and there are bull gaps below. Prices are currently stalling at the failed bear reversal, where trapped bears may soon buy and contribute to a rally. However there is no valid but setup yet this week. The Bears want a test of the 7 low, and to fill the bull breakout gap. If this gap is filled, it will decrease the bull strength and prices will likely remain range bound for the next 20-40 bars. If instead the bulls keep the breakout gap open and form a higher low in the coming weeks, it will increase the probability of a test of the all time high and possibly bull trend continuation. But since prices are in a trading range, there will probably be some profit taking and short selling at a new all time high, unless the bull rally and breakout is exceptional. If you found this helpful, please like and share. Feel free to comment or ask questions.
TSX:ACB
by tradersmentality
Long The Bottom Of The Channel!This pair is providing us an excellent looking opportunity to go long from these specific levels by doing, so it gives us a minimal risk to good reward. I think the chart speaks for itself and is pretty clear. I'm already in a trade and looking forward to seeing this pair to take sharp moves later this week as there is some AUD related news coming. However, trade safe and always remember to use the correct risk and money management when trading :)
Long
by Keylevelfx
1
SCHOOLS BRAINWASH OUR KIDSAs you can se price is at a very strong support level as marked out by the orange arrows, so we are expecting a bounce and a rally to the upside. You see how simple trading can be? So why do schools not teach the tools you need for trading if they really want people to succeed? That's correct because they want to brainwash you and hide you from making proper money so the government can keep you in line and control you. You go to work to pay for a lovely house that you are never in because your always at work... just so they have you by the balls and you have to keep working to pay the government there tax's. People are set up to fail from the 1st day they go school. Open your eyes people and don't be a brain dead zombie like they want... P.S what do you think the government are putting in your tap water? i would go and do a bit of research if I was you. Anyway we are long on this trade.... RANT OVER ;p
Long
by Apex_Gregg
6
Bitcoin: BTCUSD 10/10/10/10/10 Magnificent Display Bitcoin Update Full Marks for Bitcoin More gymnastics overnight as Bitcoin tore across our screens. It's as if it's putting on a display for us all, going through a gymnast's routine across the mat and parallels, showing us a selectionn of moves and continuation patterns, all different over the last 24 hour display. Look and learn from this extraordinary creature. Is she mot magnificent? Ideally it will finish with one last blast to the upper parallel where we look to close out for a while if touched. Day traders can short from there wit stops 50 points above. You may win a heap of points. And you may get yourself a new one ripped - before you even have a chance to pull down your pants. But with a stop it may still be worth the risk, if we see that upper parallel touched today. Doesn't have to do this but it would be neat if it did. Stops can be raised to just under the top dynamic support shown on the chart now, just under 12250 Bitcoin Update (Last Night) A very quiet day for Bitcoin...a little break into new highs, a continuation pattern lasting 10 hours of stultifying price action and then a break higher, which is being chased higher in China. Still no sellers around though. So it pushes higher. Continuation patterns tend to last 5 or 6 hours, this last one was longer than usual but the break has been steady. Hope you spotted the pattern here...not a regular well defined flag or parallel but look at it: left shoulder, head, right shoulder: an inverted/reverse head and shoulders (so another continuation pattern to add to the list, to study and remember for ever) with the small dynamic resistance line at the top of the chart forming the neckline/break-point. The minimum upside target following breakout is 12,092, only 50 points away as this written. Another 260 points or so, if touched. The break today was slow coming - like fishing can be too - we have to learn patience and recognise that when Bitcoin goes into a continuation pattern it takes 5 to 6 hours usually to straighten out again and sometimes 10. This is the nature of the beast. We cannot let ourselves get tired by waiting though, becasue just when you think it's never going to break higher, it does. It's Bitcoin. Stay with it. Day traders can draw a support line right under the lows of this run from 11166 on a 1 minute chart to determine a near term exit. * Sorry to desert post today - busy in meetings that took all day and most of night...new Crypto funds starting up ahead of futures trading starting in Bitcoin on December 18 - Bitcoin gets more respectable with every passing day. Soon everyone will have a Bitcoin desk or risk being left behind, and getting labelled old-fashioned. Except for Jamie Dimon of course. Mr Dimon may be a stopped clock, but he could yet be proved right. One day. Until then, every other day, he's wrong though.
BITSTAMP:BTCUSDLong
by sumastardon
4
Potential LONGS USD/JPYPrice has consolidated above monthly support at 112.00 with the weekly chart showing a strong hammer candlestick pattern signaling a reversal is soon due. Along with daily showing us a morning star pattern and bullish engulfing patterns, with a break above the daily trend line shown we are potentially looking at at 117.000 being the target as key weekly and monthly resistance. I am not a huge fan of indicators at all but we also see a clear upswing in the RSI and has potential to go further following a confirmation in price. Threw a Fibo at the end of this analysis ;)
Long
by erillmann96
1