ROCKET COMPANIES
RKT
- Apr. 5th, 2024
BUY/LONG ZONE (GREEN): $13.55 - $14.75
DO NOT TRADE/DNT ZONE (WHITE): $12.80 - $13.55
SELL/SHORT ZONE (RED): $11.50 - $12.80
Weekly: Bullish
Daily: DNT
4H: Bearish
The weekly timeframe has a bullish trend with strong bearish momentum on the most recent candle as the week is wrapping up. The daily timeframe has a breakdown of bullish structure and a retest of the most recent zone that I am using as my trend determiner, I would label this as DNT until we see a new lower low created, even if it were only a wick below 12.80. The 4H timeframe gives a better showing of the strong bearish momentum and the retest of the broken zone. After the retest the bearish momentum continued to reinforce the bearish trend. Any break below 12.80 would confirm the bearish trend and where I'd start to look for short entries. A break above the zone bottom at 13.55, where the bearish momentum continued and where price retested, would signal a reversal into a bullish trend.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, rocketcompanies, rkt,
RKT
, rocketmortgage, rktstock, rkttrend, rocket, rocketcompaniesstock, rktlong, rktshort, rktanalysis, interestrate, mortgagerate, ratecuts,
RKT
- Apr. 5th, 2024 BUY/LONG ZONE (GREEN): $13.55 - $14.75
DO NOT TRADE/DNT ZONE (WHITE): $12.80 - $13.55
SELL/SHORT ZONE (RED): $11.50 - $12.80
Weekly: Bullish
Daily: DNT
4H: Bearish
The weekly timeframe has a bullish trend with strong bearish momentum on the most recent candle as the week is wrapping up. The daily timeframe has a breakdown of bullish structure and a retest of the most recent zone that I am using as my trend determiner, I would label this as DNT until we see a new lower low created, even if it were only a wick below 12.80. The 4H timeframe gives a better showing of the strong bearish momentum and the retest of the broken zone. After the retest the bearish momentum continued to reinforce the bearish trend. Any break below 12.80 would confirm the bearish trend and where I'd start to look for short entries. A break above the zone bottom at 13.55, where the bearish momentum continued and where price retested, would signal a reversal into a bullish trend.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, rocketcompanies, rkt,
RKT
, rocketmortgage, rktstock, rkttrend, rocket, rocketcompaniesstock, rktlong, rktshort, rktanalysis, interestrate, mortgagerate, ratecuts,
Comment:
Price has broken into the bearish zone, fell straight through the DNT zone after the CPI report.
I can see momentum and trend continuing to the downside.
I can see momentum and trend continuing to the downside.
Trade active:
RKT
should've been labeled as active on my Apr 10th comments. Price is currently ranging at the 12.20 - 12.35 zone where we could see downside continuation.
1H view:
RKT
should've been labeled as active on my Apr 10th comments. Price is currently ranging at the 12.20 - 12.35 zone where we could see downside continuation. 1H view:
Trade closed: target reached:
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/zEq4TgJFKe
discord.gg/zEq4TgJFKe
4H view: