npatz_2000
Long

PRICE ACTION + VOL LONG ON FOXA

NASDAQ:FOXA   TWENTY-FIRST CENTURY FOX INC
54 0 1
This is a methodology that a friend and I have been collaborating on for the last couple of weeks. It combines Wyckoff, S/R, and price action (plus 2 indicators 200 ema and stochastics). Here we go.

1. New swing high on 12/23/14, also showing a divergence between stochastic and price (often a continuation of trend on pullback)
2. Gradual sloping uptrend based on 200 ema (uptrend)
3. 2 bar reversal candle pattern on 1/22/15
4. Support at white line, with 3 prior reversals at that level
5. Fib retracement to 0.618
6. Support at 200 ema
7. Divergence between volume and price on 10/15/2014; and confirmation with volume on new swing high and current pullback

Entry/stop:
4 different scenarios
1. R:R 1:5.31, if minor swing low holds prior to a new high
2. R:R 1:1.34, if minor swing low fails, but major swing low holds prior to new high (this is the key assessment, must be 1:1 or better, since this is the worst profitable outcome)
3. R:R 1:2.09, if major swing low holds with a target AB=CD (this could change if price further pulls back)
4. R:R 1:3.53, if major swing low holds with a fib extension target at 1.618 (this could change if price further pulls back)
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out