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R1CL34 trade ideas

ABC BullishRCL has come down and filled a gap it left behind previously.. Support can often be found at the top of at the bottom of a gap. Windows as they are called in Japanese Candlestick Charting, or Gaps, as they are called in the west, are an important concept in technical analysis. Whenever, there is an open gap that means that no price and no volume transacted hands between the gap. Resistance: Once price gaps downward, the gap can act as resistance. Support: When prices gap upwards, the gap can act as support to prices in the future. When a gap has started filling, it will rarely stop due to there often being no immediate support or resistance. Gaps are like a vacuum on the price chart. Most large gaps will be filled within a year. The average time for a gap to be filled in the stock market is 3 months. Not a recommendation
NYSE:RCLLong
by lauralea
2
ABC BullishPossible stop below C but good to place it at least 5 to 10 cents below C as C is sometimes retested Long entry when price breaks the BC leg with an uptrend.. Targets calculated from length of AB leg using fib levels. Fib levels are not as easy to use sometimes as they sound. Figuring out where to place them can be a task and I never used them until the last year or so. They are often correct, but sometimes they are not (Like most trading tools I suppose). The first issue is created by the series of Fibonacci lines that can be drawn at each significant turn or pivot point: After a stock has zigged and zagged a few times, the resulting pivot points create a cacophony of levels that can render a chart unreadable. And I like a clean looking chart and I use very few indicators so Fibonacci and I do not always work out. I love them for calculating targets though and they can come in useful for trying to pin point turns in the market as well. I suppose RCL just had to go fill that gap down there! ABC Bullish patterns are a a measured move down within a larger measured move up. It's a stop run of the first pullback after an aggressive move to the upside that signifies more potential in the direction of the larger move. Being sure you are at C can be a challenge and often price will retest C at least once or more. But getting in close to C is usually about as safe as I feel I can get in trading IF it is a valid C. C needs to be above A in this particular ABC pattern. If not, you are looking at another harmonic pattern perhaps. IE..the gartley pattern can make you think you have a double top with the second top lower, but in the end it is a bullish pattern There are bearish versions of all harmonic patterns. There are no rising wedges in the yearly chart. Not a recommendation Understand that most problems are a good sign. Problems can indicate that progress is being made and you are moving toward your goals. Sometimes best to be leery when you have no problems. Then you've really got a problem ... Problems can be like landmarks of progress
NYSE:RCLLong
by lauralea
2
RCL - Ascending Triangle BottomWhile an ascending triangle usually forms with a prior uptrend (‪ie a "continuation" pattern looking to resume the prior (up) trend), the odds are also good as a trend reversal pattern when it forms at the bottom of a chart. Looks like a breakup of this triangle is getting close especially when we see a strong gap up as it approaches the apex of the triangle (although another minor pullback cannot be ruled out). Declining volume is also typical as the triangle is being formed and once it breaks up (for good), an increasing volume will help increase the odds of a sustainable trend. Theoretical target is ~ 128 (a cool 68% profit potential from breakup level of 76). I would put an initial stop loss 65 and trailing the stop up on if and as the trade goes our way. Let's check back in several weeks / months to see how this will play out! Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to comment and share your opinion :)
NYSE:RCLLong
by Juliac
1
ROYAL CARIBBEAN GROUP Course Hey guys, ROYAL CARIBBEAN GROUP is in a false bearish trend with a large volume of purchases issued and an attempt by repressed buyers. Leaning on the TIMEFRAME M1 we see a hammer bull candle shape with past purchase volume. It is very plausible to break the VWAP then to breakout the price zone and put it away to go to a new zone. Subsequently go fill the gap of bearish breakout and breakout again to revel on the high after. Please LIKE & FOLLOW, thank you!
NYSE:RCLShort
by stephanelibatd