NEUTRAL-LONG - Inverted H&S forming. Disregarding the fed motivated move(100%up, then 100% correction - COMPLETE NON-SENSE movement..,) there's an inverted H&S forming.. It's strange I haven't seen any sort of mentions on it, possibly due to the choppy moves? In my opinion, this is still a valid formation. If you take a look back through the ES1 daily chart,...
SANATA AND HIS REINBULLS ARE COMING TO TOWN!! (doesn't feel catchy, but it fits.. I guess?) Next weeks(possibly even months) outlook is looking pretty dang clear.. The bulls are in full force!! -Shorts squeezed out -Good Ol' Cup n Handle formation -Break through the 50D,20D, moving averages, bounced back with 100% recover. -Heavy long volume accumulated in the...
Betting that this forming H&S pattern will complete and we could see a pullback to 4540 levels. Confluence with the .382 fib retracement as well. We'll see!! :D
ES Futures setting up for an explosive week! In light of the fed meetings last week among other international nuisances, we saw a whipsaw last week in the S&P 500 . Multiple things came to fruit though, and I believe the S&P500 is gearing up for an explosive move up. First of all, we had a break below and test of the 50day moving average, which failed to move...
The market has taken it's breadth, and we move ONWARD! Multiple Bullish signals present for the upcoming trading week. -Daily Candle closed above the 50day MA -Classic inverted H&S Pattern -Profit Target 1: set at 4528.75, this level holds confluence with resistance + prior trend line. -Profit Target 2: set at 4596.50, this is the price target of the inverted...
Ive been trading futures recently and man.. im falling in love, I love the choppy yet directional trend that allows for predictable swing trades. Wide swings but respect the trend.. for now.. S&P 500 futures are sitting at a make-it or break-it level currently. I'm watching this closely as we will be able to determine if the short-term down trend continues into...
Good Ol' SPCE, the swing monster: Entered calls at $31 after seeing the volatility squeeze and bottom of the cup forming. Profit targets set at 40.66 and 43.57 with respective .5fib and .618 fib. Trimming positions at these levels, will continue holding the rest of my positions if .618 fib is broken and aim for 1:1 retracement at 52.95. If price reverses at .5 or...
PLTR: PLTR's sitting at a critical moment, will it bounce off the bottom channel of the rising wedge or will it break lower? A break lower means long puts with profit targets set at $18 level, a bounce off the bottom wedge means long calls, target upper channel at 22.80 and a higher probability that the wedge will break igniting moves to 24(.5fib), 24.82(.618...
MTTR: I see a potential bull flag, and a symmetrical triangle within the bull flag which allows for a good entry to whichever direction it decides to break. If the sym. triangle breaks higher, target the 1:1 fib extension at 17.69, if it breaks lower, target bottom of channel at $13.30, either way you can book profit from the wide swings.
Perfect Set-up here with low risk, ride it back up to the .5fib fib retracement, and then all the way down to profit targets at 1:1 fib ext, or 1:1.5, 1:1.618 extensions. Potential for big profit here if you can ride the swings right.
Sorry to all the AMC lovers but... im seeing some weakness in price structure on AMC, multiple rejections, should've went higher at this last resistance retest. Not a hardcore analysis but i've noticed a 10m analysis is as good as a 1hr analysis sometimes. If this doesn't move higher by today, I could see a death drop Monday.
I was originally long on this position but things changed quick, I am glad I followed my rules and exited my long as a reanalysis is showing a grim outlook... H&S pattern present, blue arrows on chart show the potential fib levels that it will fall too
This is a complimentary analysis from my 1st chart on ABNB, looking for a short term channel break to enter with stop/loss at the channel, and profit targets at 1:1 fib ext and 1:1.618 fib ext. The volume profile is showing empty volume in this area so it is likely that we should see hyper movement to the upside soon here just waiting for the ignition. I will not...
RKT looking like it could go either way, but im going with 60% chance it'll go up, 40% chance it will go down, either way this makes for a super easy entry. I'll enter this tomorrow morning set stop loss at the bottom balance support, profit target set at 22.35. This is a cookie cutter trade and great risk/reward for either direction. If anyone finds set-ups like...
Looking to short CCL is price fails to go lower and gets rejected at the short term trend line, if price does fail, we should see a move down to atleast 29.00(.5fib) - 28.50(.618) retracement fibs. If it continues higher, this could be a finished correction move and we will go higher. Waiting for more confirmation, will you keep you updated if I enter.
We're seeing a steady climb in trend, waiting for a bounce off lower trendline to enter or a strong confirmation that price will make big moves. The only shitty part is waiting for a bounce could be a missed opportunity as I could see this breaking the current channel and making bigger faster moves. Going to observe price action tomorrow morning to get a better...
ABNB looking bullish from every angle, bull flag present, cup forming, easy profit targets with fib confluence, top of cup, and point of control all at $180. Waiting for the break of the triangle to enter.
DBX long, looking for 5th wave completion, looking to sell puts or premium collecting options set-up. steady crawl up to 1:1 fib at 30.77, trimming there, and then selling the rest at 1.272 fib extension confluence with trendline at 32.66. Daily: