still waiting to break out this triangle
Feb 12: 23.00 AEDT Ok here is one for the oil bulls. This stock has been beaten up recently, but the falling wedge and solid volume support at $3.60 and $3.90 suggests ST potential. Weekly Support is rising underneath, but at $3.50+ Ok the Trade: Buy now on the bullish gap bar at $3.90 SL $3.80 TP#1 $4.10 TP#2 $4.40 RR := 50/10 If it fails - re-enter at the...
WES is ex dividend Mon 20 Feb by $1.03 so $43.09 - $1.03 := $42+/-. Allowing for slippage, it could trade down to $41.85 Monday before attempting to rally back to support at $42. But over the next few days I believe it will drift lower towards old resistance now support at $41.50 There is also that break away body gap at $40.98-41.18 which needs to fill. The keys...
Hello everyone, we have bearish pattern on this pair and I have highlighted the targets on the chart. For any questions leave a comment or DM me. Good Luck
Detail is on the chart This is a dividend play!
Bearish AB=CD worked with shallow ABC retracement of around 30% worked .
Detail is on the Chart. This is my view ... not a guarantee. Remember you are adults so please use your own analysis and processes.
Bearish shark emerged. Looks quite harmonic , i will short it.
Seeing our head and second shoulder hit the 1W Resistance Line indicates a short-term shorting opportunity for the market opening, if we dip below the support/resistance line @ 5668
This is a good opportunity to Short AUS200 There is a double top after a rally and had broken through the trend on H4. At the higher time frame D1 and W1, the price is currently at the extreme on a Parallel Channel with the last candle indicating a bearing move. I am taking 2 different levels of entries: • First entry would be at Market Price • Second is a...
Going back to the basics on this trading idea. Suppose you have an AUS200 long position, it is a good time to sell it now, as shown by the Parabolic SAR indicator. As for me, I'm taking a short position at the break of last session's low. Short at 5659. Stop loss at 5724.7. Target profit at 5500 (2.44x reward-to-risk ratio). Good luck!
Taking it down Third time Re engaging Stop was too short before
Congratulations to those how made money over the Presidential Election. Now I will just wait for ThanksGiving and Black Friday, here we should see the market Rally to the magical 5400. Where is the market going to end by the end of the year:???? 5500 or 5624?
I'm not normally one for pointing out patterns before they're close to trigger, but this ASX (XJO, AUS200 whichever you follow) has a beautiful H&S pattern emerging having now made a distinct lower high from the 5600 area. It will be interesting to see how it handles the overhead resistance this week but I'll be watching this like a hawk if we see further downside...