FNGU trade ideas
FNGU going to break the trendFNGU going to break the trend line. Already crossed trend line in rsi indicating return of strength.
FNGU to BounceI am not a financial adviser. Please consult a licensed financial adviser before investing. Never invest with money you can't afford to lose.
FNGU HnS and neckineBreaking down on the NQ1 and the FNGU. SHould have a neckline retest but don't know when.
But for now the trend is to the bear side.
16 Price Characteristics Impacting Future Price Action and Trend16 Price Characteristics Impacting Future Price Action and Trend Strength
Cycle Amplitude
Cycle Period
Bar Retracement Symmetry
Average Bar Range (ATR)
Price Persistence
The Average Bar Stochastic Ratio (closing price compared to bar range)
Average Candlestick Real Body to Range Ratio
Angular Symmetry and Momentum
Barrier Proximity
Frequency and Depth of Trend-Based Oscillations
Relative Measure of Consolidation Size and Duration
Third Gap Exhaustion
Completion of the Average Period Range
Overextended Price Action with Respect to an Overlay Barrier
Volume Spread Action
Volume and Oscillator Divergence
$FNGU Bearish breakdown, Possible re-test of lower range of BB$FNGU 4-hour candles. After a massive run, FNGU has fallen out of the upward channel it's been in. We also see RSI breaking down below overbought zone and Stoch pulling down too. Also note falling volume as price has been increasing. This would appear to signal a change in trend. Now expecting a pullback to test the lower range of BB.
Disclosure: Long $FNGD
FNGU great setup into earningsbullish decending wedge breakout, MACD turning positive, higher lows on RSI. only nasty looking thing here is the 50/200 day moving averages, but this looks like a very nice way to play the big tech names going into earnings over the next month.
Bear Flag for FNGU 3x etf (updated) - 23% downside possibleIt's shaping up to be a bear flag.
If right, we could see 23% downside, with a price target around mid $22.
Potential bear flag for FNGU - maybe 45% downside? FNGU is a 3x leveraged fang etf.
We've had a small consolidation (flag) but now we've started moving downward again (potential bear flag pattern).
Bear flag price target of roughly $15 would mean a 45% fall from current price.
Price target lines up with support levels of around $15 which we bounced off of multiple times in September 2020.
We also recently crossed below the 50d MA on the 4H.
FNGU, 3x FANG ETF, bears are going back to being endangeredNo raising rates til 2023. FOMC bullish af. Don't buy puts.
FNGU Undergoing Seasonal DowntrendFNGU tracks the NYSE FANG+ Index ans the NYSE FANG+ Index almost always starts a downtrend in mid December, which last until the first week of January when it resumes an uptrend. Since this is what almost always happens, it is safe to assume it'll repeat the same process. So entry into FNGU is idea on the final trading day of the year unless the downtrend ends sooner, which has happened before.
Lot of indicators on here flashing RedI normally wouldn't post this on SPX but I get the impression there are a few that would appreciate this info and I don't feel like I've contributed enough to this group. Going parabolic is nothing new, finding the top is. That overbought indicator has been accurate 8 months in a row on this stock, going in on FNGD is either going to prove to be a short small loss or a short term big gain. Any and ALL Opinions are appreciated. I have 1/2 dozen other charts on this stock that reinforce this idea, I just need to figure out how to share more than one chart yet lol.
FNGU ChannelThis is the FNGU ETF at the 4 hour. It's a 3x leveraged ETF for mainly big tech. Well, FATMANG stocks make up over 40% of the NQ - possibly more by now.
This is one of my favorite ETFs to swing trade and scalp. The channels are aligned with the NQ channel that I published. FNGU found support at the middle of its channel... just like NQ. I am not sure how far this bounce will be.
NQ can make great gains, but the weak breadth makes rallies hard to sustain.
This is why I am waiting for the NQ to reach a major support. As you can see with FNGU, you can lose a lot in one day. If you wait until major support, you can serious bank the big bounces. The last big bounce increased the FNGU by over 60% within 2 weeks.
I am not a financial advisor. However, I would not recommend holding this ETF for long periods of time. 1-5 trading sessions at most. If you want to mitigate your risk, just scalp it.
FNGU Next entry off 20 EMA bounce?AMEX:FNGU Big tech rallying NASDAQ despite on days the DOW & S&P have been red so its hard to jump on the FAANG bandwagon. Considering an entry on the next bullish bounce off the 20 EMA.
1 Forward 2 Back 10 Dollar$ up and 20 Dollar$ down to see the 200MA or fill some gaps. I think possible if there were 8 days in a week.
But what is normal anymore?
