It seems SNAP INC has now completed its possible Descending Wedge pattern and has now initiated its Upward (Bullish) Impulse wave 1 on the Intermediate Time Period.
After most of the year on a downward (Bearish) trend, Snap has finally broken the structure (confirmed on the 4Hourly Chart) and I am waiting for a complete breakout of structure on the DAILY chart as...
Price has stopped in a resistance level (129,00 aprox) showing a clear bearish setup. Price is showing a corrective structure(flag) wich has rejected 61,8% of fibonacci retracement. Also, price is below MA200. We must see a clear breakout of the corrective structure to think about a short trade.
ETC is working it's way into the point of triangle or (at the monthly view) Penant. It needs to break to the upside within the next couple of days; before the slow volume and lack of volatility sends it back down to test prior support at $7.50. The anticipated break to the upside could result in a 48% gain back to the top of the trading channel. With some...
description mainly in the chart.
I believe there is a breakout ahead, since bulls could not breakout of that triangle, I am sure the bears are waiting at prices around 48.40 down to 48.20 to take a good swing here. Even lower there will be orders waiting to be executed.
Always trade with care!
Good luck and more profits!
OMNI coin seems to be at the end of it's downtrend and is now looking to break structure for an upward move.
This cryptocurrency is now at the bottom of the structure and I believe it is now on it's way to break from structure in an upward move.
Once breakout of structure occurs, it will be a confirmation of the uptrend. TDI shows the bands in an upward...
Fundamentals:
It seems Johnson & Johnson are on the road to disaster following a $417 Million Dollar verdict in baby powder case.
This is just the start of JNJs troubles as there are an incredible 4,800 Pending claims in the US Courts alone, over JNJs talc products.
The announcement from the article explains "LOS ANGELES—A jury on Monday awarded a woman with...
Steem made a deep correction and bounced exactly on the bottom of the target box.
Its heading towards the top of the channel and already broke RSI trend.
My advice is to wait for breakout and buy when you see a consolidation after breakout on lower timeframe. Check my tutorial "how to trade breakouts" below.
I will update on lower timeframe once we have a valid trade.
It seems APPLE has now completed the Wave 5 Intermediate period Impulse wave and has now started what seems to be a big move downwards in a Bearish trend in a correction/consolidation move.
TECHNICALS:
Price action has completed Wave 5 Inpulse Elliott wave count and has now seemed to start the ABC correction/consolidation move downwards which should last well...
What do you think about this set up ? Are my targets set up correctly? I placed my targets using 2x Fibonacci levels. Using a 1:1 ratio from the larger trading range and the smaller range. Current price levels are also near a pivot point from a couple of months ago. If it breaks over that pivot point i believe it will go much higher.
I say chance, because we need the price to bounce off that resistance first. It is a strong resistance, so it should hold. If it does not hold, be prepared to jump on an insane breakout! I am sure there are positions above that resistance, just waiting to be ordered. Talking of long positions.
So, either way, you really should have an eye on this one, as it is...
I found that forming triangle, and think we have a breakout soon.
The price is forming lower highs, but the lows stay on the same level. This tells us that the bears are not strong enough to push down the price. In fact, the bulls are fighting hard to hold that support.
Eventually, the price will break out. And since the bears are really strong, I think they...
Here I have found another nice chance for a breakout.
-Stochastic says the price is close to overbought
-descending triangle points to a breakdown
-The EMA 200 is ranging with the price, so no good help here.
Safe trades to all of you!
NEM - This Altcoin seems to have completed a breakout to the downside for a possible path towards the second support area, before a very strong upward move.
However, TDI does show the RSI line has breached the outer lower band and could either form a sharkfin or follow along the lower outside band until a lower sold position.
The Blueberry EMA is running alongside...
As we see, the price forms lower highs and higher lows.
In the past this was always a good sign that a breakout could be ahead. And since the EMA 200 is below the price, I think its a breakout to the top.
For speculative traders, enter your position now, if you are more conservative, wait for the price to break one of the trend lines and enter your trade in that...
This one right here has a high probability for a breakout.
We see lower highs and at the same time lows stay at the support level.
If I am right, as soon as the price runs into the area where the main trend crosses the secondary trend, it will skyrocket away!
I will enter a small position right now, to not miss this one.
If I am wrong, I still have my SL at...
Looks like price is about to complete an Elliot-Wave #5 before it might reverse into a 3 wave downtrend move. The 1.3250's look like a decent area of multiple resistance for countertrend traders to take short entries.
Break down of the 1.3250:
*Uptrend channel - Price first overshot the channel then undershot. Which leads to the believe of a weakening of the...
