The equity markets in the US have been moving really well through highs like its nobody's business, however as they continuously progress the moves get shorter and the pullbacks non-existent. Recent a 1.5-2 year wedge in formation was broken to the upside which indicates a bull trend continuation. Usually, the pop above the broken resistance will revert at least...
Bitcoin is dropping in a very clear Fibonacci Channel. I have labeled the Buy/Sell Channels in the chart. Until it goes out of the channel, this is the trend...
Personally, I would sell in the sell channel and put a stop loss to buy it if goes out of the channel. This is not financial advice. Make your own analysis. Just pointing out the use of Fibonacci Channel
Hello TW community,
This is my take on SEELEBTC. A short squeeze pattern with accelerating trend, and a hint on where to take profits.
Hope you enjoy and get something out of it.
My ideas are for entertainment purpose only and should not be taken as financial advice.
Best of luck,
GMA is overextended from yesterday, got rejected at $4.09 and close ten cents below. I have gather data for the past 249 days and the mean of this stock -0.23% with a median of -0.38% stating there is more negative days then positive. Also with Kurtosis its 9 and the skew 0.02 as well, this data just gives me more information about my short basis. Looking to short...
PRU is way overextended from yesterday and from last night Wall Street it looks like the ASX is going to be risk on, hence why i'm looking for a short in the gold sector. Looking between 0.87 and 0.815.
WSP had a massive run up yesterday, gaining over 10%. I love seeing when a stock is overextended it just gives me more reason to short it, the mean of WSP is -0.19% so there more negative days than positive. Based on the data its a normal standard deviation of 68%, therefore im looking to trade between $2.19 and $1.78, lets see how it reacts between $2.060 and $1.92.