Cisco Systems, Inc.
We go up the channel for too long.
Now there will be a breakdown and a reversal of share price.
About stop loss:
Stop loss is placed just above the weekly candle in case of a false touch.
On this one, I'm going to trade a short scalp on BAC.
A resistance that have showed to be valid is tested again just before the weekend and after that seen some bearish conformation that it is not ready to break yet.
With a slightly high RSI at 70 I'm getting in.
The target is where I drew the support on the chart.
Thanks for reading!
26950 area is very important as this is an all time high price that I can almost guarantee you WILL NOT be broken any time soon.
It doesn't take a genius to work out why this level will not be broken... look at the muppet you have running the country he's like a spoilt little child running around a toy store running up debt and annoying people, The US is the most...
S&P 500/SPY Next level $277.64 - $278.00
1) We formed a bear flag figure.
2) We have 2 big impulses (Current impulse is 2)
3) We are under two moving averages 60 and 200
4) We are under clouds ichimoku
Target is: $277.64 - $278.00
Price is currently forming what looks like a bull flag pattern. If prices can break higher above $100, that should be a good indication of possible bullish momentum. Hwever, traders should exercise extreme caution and proper risk management as the last bull leg stopped abruptly, signalling the presence of sellers at every corner of this market!. Here is how i...
1) Two days we close above main volume
2) We have two impulses for first target correction
3) We have resistance zone 1.11923
4) We have Low volume trade zone for confirm first target correction
Buy = 1.11500
Take Profit = 1.11950
Stop Loss = 1.11050
American Airlines Group, Inc.
Growing Channel was broken. Now we have formed a bear channel. At the opening with a small pullback considering sales.
SPY/SPX/S&P 500 in the coming days may show weakness and fall on the mini correction (Gold is now in a growing local phase).
According to the volume profile, we will have to preserve the...
(Fast and small target)
USD/JPY (April 23, 2019)
Gold signal for short, USD/JPY Neutral.
Buy = $111.900
Take Profit = $112.650
Stop Loss = $111.600
Take Profit (x10 Leverage) = +6.70%
Stop Loss (x10 Leverage) = -2.70%
By April 12th, price action will meet resistance. Other interesting technicals for intraday action. We opened with a strong gap to the downside only to finish the day .1 percent up. Typically, gap are filled whether intraday or interday. At any rate, rockets to the sky. Until gravity brings us back to earth of course.
I just wrote a bit of a thesis on potential head and shoulders pattern forming in the SPX500. This is basically that same information, but without the head and shoulders pattern in addition to two moving averages, 200 MA and 200 EMA. Also, I have added a moving average on the volume. As you can see, it has significantly declined over the past year since volatility...