Dereckthecoldest

Dereckthecoldest

Ascending Triangle formation. Watching for a break and hold above VWAP, EMA, and Key level. Strong confluence for a bullish run. Backed by earnings, and fundamental news. Vaccines news could help spur overall bullish market sentiment. Keeping it simple here.

Dereckthecoldest

SLV in a rising wedge on the weekly. Strong bullish signal. Markets are pretty uncertain , precious metals might be the safe haven conservative investors want to ride out. I'd like to see it cross my key level before I decide to enter or not. What do you all think?

Dereckthecoldest

ATVI Long Idea 50EMA floating right at my key level. Might have missed this one though.... If it gaps down I love the R:R here and will decide to enter. Shoutout to everyone that got in before market close!

Dereckthecoldest

MSFT is currently in a descending triangle and thus I am not looking to buy it yet. I'd like to see what happens at the open. Stimulus talks + Vaccine approvals will drive market to ATH next week (IMO). I'd like to see MSFT test support around 209 or break and hold above 217 before I make a decision. Going to remain flexible on this one.

Dereckthecoldest

EVS took a beating last week in the market. I am looking to re-enter into my stake of NIO. The green bar is a reflection of what I perceive to be a demand zone for NIO. It has been on an uptrend and a break and hold below this level will signal to me that its market structure has changed and I will thus enter a sell. But I like the odds of buys around this area....

Dereckthecoldest Updated 

These are the kinds of trades that setup every once and a while. Due to the recent vaccine optimism (no signs of slowing down too) coupled with the increased optimism surround the stimulus package I have been looking for buy setups for strong companies such as BABA which has been on a pullback and selloff recently. Here's what I'm watching for: #1: A break and...

Dereckthecoldest

After shorting SQ last week I am changing my tune and I'm looking for buy setups. I used the fibonnaci here to try and locate where SQ may head towards if $214 breaks and we head towards a new all time high. Price action is currently approaching the 50EMA which is right below a key level. I am looking to enter around this key level at $199.60. Patience. Price...

Dereckthecoldest Updated 

Hello Traders! I see a couple reversal signals for JPM, a stock which has been on a bullish run. Signs of continued Reversal : #1 Hidden divergence signaling the recent downtrend may continue. #2 Price action falling below both the VWAP and 50EMa #3 Broke a key level moving downwards. I'd like to see it retest the recently broken key level before deciding to...

Dereckthecoldest

Posted a week ago about the upcoming breakout for AAPL. I like the ascending triangle thats forming above a key level. Will watch to see it hit 126 and continue judging he trade from there. Keeping this one simple. We had some fake vaccine news (or rather old news misconstrued for present day) come in before the close so lets see how the market reacts with every...

Dereckthecoldest Updated 

UPs has been on a monster roll throughout the pandemic and is current;y trading in this channel. Holiday season is approaching and UPS will play a role in how vaccines are shipped around the country. I am currently looking for buys and see a possible setup for tomorrow. I would like to see Price action as UPS approaches its 50EMA on the 4HR chart. I like the RR...

Dereckthecoldest Updated 

AMD approaching a critical level. Watch Price action. $94 Price Target $100 2nd Price Target

Dereckthecoldest Updated 

Hello traders! Mcdonalds is showing me a couple of different reversal signals after breaking yet failing to break and hold above a key resistance level. Signal #1: Descending Triangle. I'm watching for a continuation of lower highs and if it breaks below the triangle we will have a new lower low. Signal #2: It's approaching the 50EMA. I will be mindful to watch...

Dereckthecoldest Updated 

Hello Traders! Salesforce earnings are on its way Dec. 1st. I feel as though CRM still has room to run towards my two entry points. Entry #1: I don't want to miss the bullish run so I have a riskier entry here. Entry #2: This entry will be if I decide to take a less riskier approach if I don't feel like the odds are in my favor at the open. CRM is...

Dereckthecoldest Updated 

Hello Traders, SQ is currently losing momentum on the Money Flow indicator and is also showing signs of bearish divergence on the RSI. SQ is currently testing 214 as a key resistance level. Its moving away from VWAP with declining volume before the close. I will be watching to see how it reacts at market open. If it gaps up I will wait to see if it drops below...

Dereckthecoldest

Hello Traders! AAPL has been respecting FIB retracement levels nicely. A series of lower highs and higher lowers forming signal theres bullish optimism. Waiting to see it break trend line before entering trade. Ideal buy is a retest of $116 or break above $120. It has room to run on the RSI.

Dereckthecoldest Updated 

Hello Traders! I'd love to hear your opinions on this. Disney Reversal Signals: #1. Divergence on RSI & Price Action #2. Approaching Overbought on RSI #3. Approaching Former Selloff area (Watch reaction) I am interested to see whether DIS will try to fill the gap below. The gap has confluence with the .618 FIB retracement level. I will be shorting at the orange...

Dereckthecoldest Updated 

Divergence spotted on RSI indicator. Reversal signal #1. Morning Star candlestick / inverted hammer at top of uptrend. Reversal signal #2 Overbought on RSI. Reversal signal #3. I'd like to see how it reacts at the level below.

Dereckthecoldest Updated 

Hello Traders! I see a possible short coming for SBUX as I will watch what it does at this critical level. There is a Gap below I am looking at for a possible TP. Reversal Signals: Approaching Overbought on RSI for: Daily/Weekly TF Divergence on RSI I will be patient before making any type of move. I have a long term bullish outlook so I like to confluence on...