EAST it's easy, but only for professionals, long term positive.#EAST timeframe 1 day
Created a bearish AB=CD pattern
Sell point around 34.90
Stop loss / reentry 35.85 (estimated loss -2.77%)
First target at 33.00 (estimated profit 5.00%)
Second target 31.95 (estimated profit up to 8.60%)
MACD supports this idea
NOTE: this data is according to timeframe 1 day.
NOTE: stock remains positive for long term.
It's not advice for investing, only my vision according to the data on the chart.
Please consult your account manager before investing.
Thanks and good luck.
EAST it's easy, but only for professionals, long term positive.#EAST timeframe 1 day
Created a bearish AB=CD pattern
Sell point around 34.90
Stop loss / reentry 35.85 (estimated loss -2.77%)
First target at 33.00 (estimated profit 5.00%)
Second target 31.95 (estimated profit up to 8.60%)
MACD supports this idea
NOTE: this data is according to timeframe 1 day.
NOTE: stock remains positive for long term.
It's not advice for investing, only my vision according to the data on the chart.
Please consult your account manager before investing.
Thanks and good luck.
Progressive Corp. Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Progressive Corp. Stock Quote
- Double Formation
* (Diagonal) Starting At 212.00 USD | Completed Survey
* Wave Feature(Flat Structure) | Subdivision 1
- Triple Formation
* (EMA Settings)) & Uptrend Bias | Subdivision 2
* (TP1) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias)) | Indexed to 100
- Position On A 1.5RR
* Stop Loss At 122.00 USD
* Entry At 127.00 USD
* Take Profit At 135.00 USD
* (Continuation Argument)) & No Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Bullish set up is breaking out.... BUT, we have a gap to close.At the very moment we saw big rejection in this golden pocket zone were in right now from the descending channel its been in for a while.
This tells me that the market makers are creating liquidity at this level potentially to revisit at a later date.
We could quickly see this go to $6.35 or $5.40 which I would be a major buyer at.
Still in the longer term bullish trend... for now.
Option contract positions from institutions are primarily short at 5-6 strike. BUT something very interesting to me is that the $8.50 strike has a lot of puts at open interest which might squeeze it over that level if they have to cover.
Most people are saying $50... I think $65 after a little bounceI am seeing put open interest and volume spike for PUTS expiring 04/25 for a strike price of $55 that were opened YESTERDAY...
There is over 60,000 contracts open and rarely do these not play out.
It has been my long term target to hit $65 - $60 even before NVDA split there shares.
Lets see tho, the tape for options expiring in late June look bullish at the moment
MSFT Downtrend Over?Gray support is holding the price drop.
Yet, in my primary count, I´m still considering this is blue 4 correction.
Statistically, wave C usually ends with divergence, and we don't see it on the daily or the 4H timeframes.
So, I'll stick to this count as long as price stays below wave 1 (412.29).
Multiple Ingredients for a Supernova Soup - $SESLet's start with the fact that this small cap hit my scanner at around 73 cents - and triggered a Tier 1 and Tier 2 buy program above $1.00 - The initial buy signal gap took weeks to fill and confirmed this was not a one-off... to top it all off earnings just blew everyone's socks off with almost a 200% revenue surprise, and if that wasn't good enough they announced a $30mm share buyback of common stock at retail - all of this combined with the AI buzz and a weekly slingshot that looks juicier than ever - we have ourselves a good chance at a multi week runner here. Will not be surprised to see a parabolic move between $10 and $20 PPS.
TESLA Stock Chart Fibonacci Analysis 042525Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 260/61.80%
Chart time frame: B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.