ARES trade ideas
$ARES 1W Analysis & Key levels $ARES 1W Analysis & Key levels
OK… so someone from another site had asked me to look at ARES.
Beautiful Chart.
Definitely seeing a head and shoulders.
It’s sitting right at what would be buy target #1 so maybe I’ll look to start a position this week, or a plan… (Honestly Target 1 is looking awesome)
35EMA (Red line) on the Weekly chart has been a LONG support so let’s see if it holds...
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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The Price Of ARES MANAGEMENT CORPORATION Hey my friends, ARES MANAGEMENT CORPORATION is in an uptrend with a hammer bull candle and a large buy volume executed. But on the Daily it's a sales volume and it shows which to explode. On the TIMEFRAME 1 Min we observed a refusal from the sellers on the VWAP. So it will collapse on the last precedent lower, which is on the bottom of the consolidation zone. Then come back upwards in this situation, it will still want to break the VWAP and seek its high points. And breakout the consolidation zone, ARES MANAGEMENT CORPORATION will join its upper zone, go on its after high and regain the losses next high See the 4H.
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TPS Method BounceTrend (Prior Uptrend)
Pattern (of consolidation below recent high)
Squeeze (volatility contraction)
Usually this resolves to the upside, letting all the contracted volatility energy out.
Also, Price usually bounces off the 34 EMA in an uptrend like this.
Targets are the 1.272 / 1.618 extensions of the swings in the consolidation. This is usually where high velocity moves terminate and take a rest.
ARES MANAGEMENT CORPORATIONARES
Another good candidate for trading today
It's possible that today's paper won't be allowed to go up, because so far all for a false breakout plus all the SPY is now -0.13%.
But there are two possible scenarios in this paper:
1. Today there will be a 38.08 level retest, a false breakout and a rollback.
We look at the SPY and make a decision based on the general market direction.
2. Breakout of the level and fixation above it. At level retest we enter the long.
But we have to be careful with the longs today because of SPY.
ARES Broken Out Of A Range, Continuation?Broken out of a long term range, And also a short term one, both are represented on the chart here. I'm happy to buy above the thin yellow rectangle as represented on the chart.
You could have bought agressively on the Friday too, if your style of trading is more aggressive. But I'm waiting for a full resistance break, including the tails seen at the beginning of the consolidation before i'm convinced
Inside the long term "frying pan bottom, rounded bottom" there is also an internal wave pattern.
Are we to go up?