Note: I avoid directional terms like "downside" or "upside" and instead use terms like "price growth", "trend continuation", "price decay" to avoid confusion when referencing the inverted chart. "Support" still means supportive of price growth and "resistance" still means resistance against price growth. Running through a scenario with the inverted AVAX/USDT...
LAST TRADE OF THE YEAR Entered a short on GJ after price consolidated for a while but has now broken its range. We aim to hit TP1 by the end of the day and then TP2 in the new year. Lets end the year on a high!
Note: I've mentioned this stock a couple of times before but both times it pulled back to an expected level due to the market conditions at the time. * Excellent earnings * Very strong up trend * High 3-month relative strength of 2.61 in the Industrial sector * Breaking out of a ~9 month base with higher than average volume * Tried to break out a couple of...
A pattern of higher lows and lower highs constitutes consolidation. I am looking for a break of the swing high or swing low to trigger a trade here. Given that the consolidation is so wide, we have a lot of room to work with. Trading above 285 will likely result in higher prices (thinking 315) while trading below 255 will result in lower prices (thinking 215). For...
Chart Looks Good Nice Consolidation Delivery Quantity 14X times High Chances there will be breakout
Note: I last spoke about MMC around mid October and since then it has consolidated and now it's showing signs of going higher. * Excellent earnings * Very strong up trend * Very high 3-mont relative strength of 6.87 in the Financial sector * Breaking out of a ~2 month base with higher than average volume * We can see that it tried to break above earlier but came...
NYSE:F Taking a nice stair step up to the 21 range. The smaller moves with consolidation afterwards is a healthy bullish signal to me. The market really needs to soak up volume in the 20-21 range in order to break above 21.50 and hold in the long run.
A bullish trend (Yellow Arrow) and then switch to a range (Consolidation/Bullish Pennant). Wait for the breakout to enter or add more to the position.
QCOM is currently consolidation in a triangle pattern. It has shown the 3 lower peaks pattern which consists of 3 lower highs and 2 lower lows. The pattern eventually breaks down much lower. This pattern can be seen at the top of an uptrend. Conversely, this pattern could set up to break higher. The current trend is up and we are bouncing off of the 20ma. On the...
Solana is printing extremely similar chart of what eth did in 2016-18. It looks almost the same, although i don't think sol will go that far in terms of percentages as eth did back then. Largely because of the current market cap and use case, where eth is practically a gas for other similar projects to be build on. As we don't have any historical data to be...
Looking for breakout above resistance of $12.57. Once broken, can see $14.97 (second resistance). First support level $11.37 (look for a bounce off of this level). If it can't hold, we may see as low as $9.95 again.
From our last idea, I incorrectly drew the Elliot wave count from the lack of attention to high time frames (weekly and above) and overlooked a bearish momentum divergence that printed back in early November. I believe we're on the verge of entering bear market territory if 47k doesn't hold over the next couple of days and weeks. 47k at the moment has...
* Excellent earnings and accelerating * Very strong up trend since inception * High 3-month relative strength in the Tech sector * Breaking out of a ~5 month base creating a cup and handle pattern * Depth of the cup is ~15.5% * Breaking out with higher than 15 day average volume Trade Idea: * Given the current market conditions you can open a small position...
Hi Traders! The following signals indicates a Trend Change with Down-Movements: Strong Weekly Resistance --> This is a high price and people might sell off again. Daily MACD Divergence --> The bullish Momentum sinks. People may feel a burden when buying the price and they actually want to sell it. Head and Shoulders Pattern --> People know this pattern...
ATH Flip level for BTC using Fibonacci and confluence of important levels including structural support, Fibonacci and Monthly High, RSI RSI : Oversold Zone Scenario 1) BTC Flips from Fib 0.5 (54300) Good consolidation and breakout Target - 81056 Scenario 2) BTC Flips from Fib 0.618 Target - 78600 Further update upcoming Thank You.
A quick analysis on TSLA using basic Fib retracement to find consolidation and support. A test of 910 is possible to fill the gap created in late Oct. A break below this may test the 870 level at its underlying support. A break below 870 could test 770.
* Amazing earnings year-over-year * Very strong up trend * High 3-month relative strength of 4.05 in the Industrial sector * Pays out dividends * Breaking out of a ~9 month base with slightly higher than average volume * I mentioned it was breaking out mid November but due to the market conditions it had a slight pull back to the $232.47 area * It has since...
So, in this post, i will show you an analyse of penny stock called AMPY (Amplify). We are in consolidation , strong support , i am waiting for breakout of resistance. NOT FINANCIAL ADVICE, ONLY FOR EDUCATIONAL PURPOSES.