Zonetrading
Looks Like a Pullback Due For ContinuationNot much to look at with this pair. Still has the legs to keep moving up. Looks overbought on the RSI, so could do a pullback before continuing, or make a run for the short.
So, with this pair waiting on a pullback to confirm the continuation or reversal.
BULL TPS:
• 110.784
• 111.164
• 112.193
BEAR TPS:
• 109.776
• 109.127
• 108.420
Strong Doji on Weekly Can Possibly Signal The Bull MoveAUDCAD looking like a buffet with that super-strong doji on the weekly. The strong bearish move was unphased last week and barely made a juke at all. It did a rejection at the daily and it looks to be forming a pullback on the 4hr.
The weekly shows a large rejection like the downward move has come to a screeching halt. But one way to know for sure is to see how the market plays out. Trade well this week. This may be the one I keep an eye on this week.
BULL TPS:
• 0.90314
• 0.90955
• 0.91256
BEAR TPS
• 0.89873
• 0.89467
• 0.89025
NFLX Long set up - for Christmas binge watchers.. See chart for zones of interest. Daily if we break out of the correction - wave traders would call this a completed abc flat with a short c leg. Can not rule out D Triangle setting up so watch that TL above, or C leg continuation so stop out is possible.. 240 looks Bullish with buyers in this area with a nice stop level to give an attractive near 10x R:R scenario. If the stop hits.. watch zone below for next move up option. First level goes, then trail it for profits..
Happy Trading!
DIS LONG - wave pattern playSmall position with plan to exit if the lower level downtrend remains intact - break out.. will add on to get full position. Lower entry alert is ready to go - hard stop below (red dashed). Wave traders know this as the running flat pattern - we also have a weekly breakout and retest for those looking at larger timeframes. **note trendlines, patterns, areas of interest (zones,colors etc.) are questions that I am happy to entertain but recommend DM as that is more involved than reasonable to do in comment of an idea.. glad to do so, but give me a little time** happy trading, stay green!!
UPS long Trend line playMissed the perfect entry as we gapped up. small position in already, will add on if we hold the current zone. If you have questions about the trendlines and horizontal area of interest (zones/colors/ meanings etc) you will have to DM me as it is too involved to go over in a comment. Happy to communicate though, just give me a little time.. Happy trading and stay green!
ULTA - Will December be BEAUTY-ful month? buy set upsChart pretty well tells the story - note that this set up has possibility for 2 entries, so you pick - take first, take lower, take both? Keep good money management as we are looking for trend break and buying a low.. risky, but much possible reward. If we just break out now without coming back to pick me up.. will have to look for entry/stop above after breakout.. not as good, but still on radar.. Happy Trading!
RISKY long on HD.. are you in?..Recommended 30% risk only .. i.e. usual trade for this size ticker is 1000 shares, go in small at 300 shares and trail this one on the way up.. catching a sharp knife, trying to pick the bottom - so relatively tight stop and either it goes or it doesn't!.. see chart -- close up view in comment section.. Happy trading!
Roku ZONE to ZONE - Bull PenantZone Traders! How Sweet was this one.. as we predicted in the Mentorship Discord Chat ROKU continues and break up bullish out of the penant - see chart.. we are D/240/60 traders that day and swing trade.. just on example of 20 plus ETF / TIckers we break down and plan nightly for the next days trades.. GET IN THE ZONE! .. Don Fron Show Zones ..
Where will Gold Go?Observe the area of previous resistance (and now support) of 1444-1462 . If we break below this , the next zone Gold could trade at the previous zone (1365-1440).
Michigan consumer Sentiment is to be released very shortly. If we have a positive reading, the price of Gold will be expected to fall as USD strengthens. If we have a negative reading, the price of Gold will climb as USD weakens.
Overall, look for price action to get into the sell position, be careful on jumping the gun too early. Set take profit near the bottom of the previous zone and the stop loss right above the low of the current zone.
EUR/USD Consolidation or Breakout?There's a couple ways to play this setup depending on how price progresses.
I've drawn out the zone where price has been stuck in yellow. If we see more rejection at the top of the zone we can look for a consolidation trade and sell back towards the middle and bottom of the zone.
If we break up and above our zone then we can look to enter a buy on either the breakout and close or a breakout and retest of the top of the zone.
In that scenario I've drawn out some partial profit targets on our way to a previous price structure high I'd aim for.
If these scenarios fail to play out I will look to re-evaluate and this setup may become invalidated.