Wabtec has broken out of the 5 month range and is hovering near the top end of the breakout zone. The question is whether we will see a continuation of the upward trend or a reversal back into range. Given the strength in the overall market it would be safer to bet on the continuation of the breakout. As long as price holds above the 70 area the uptrend is still...
If Coup can hold above the 311 area there maybe further continuation to the upside. It has just broken out of its previous range with strong net volume and seems to be consolidating. Given the upward bias in the overall market the stock should have some tailwinds
We are currently long the currency but we have arrived at the threshold point near the high of this recent range. We are playing for a continuation to take us to the 0.6900 area but we are aware that the model will give us signals near threshold points which normally align with major support and resistance levels. If net volume remains positive and we hold this...
LVS appears to be holding strong above its range state with the potential to continue upward. If the vaccine gap holds, around the 52 area, and net volume remains positive then LVS looks like a solid breakout candidate.
looking at the weekly tf momentum seems to be decreasing , but hasnt shown strong supply to indicate real sellers in the market. i see the break in trend as a fakeout, i obviously could be wrong , but i could also be right. before seller get in i think we stii need to induce some more therefore we might more move to the up, with proper risk management ,il happily take it
Ripple was the 3rd buy of the crypto space but has significantly lagged BTC and Litecoin. It still remains much higher then the previous range state but recent news hasn't helped the currency. Our model doesn't account for news stories so the recent SEC drama was never a factor in our decision making. If XRP cant hold 0.43 we are out of the position.
The currency pair is hovering near a threshold point. Any solid break lower will bring it back into a range state toward the 72 area. If this recent continuation pattern is going to continue it needs to happen sooner rather than later. Broader risk trends like equity markets will have an impact so maybe the next move will be decided by how the stock market closes...
Our range play has turned into a full continuation phase to the upside. We couldn't have predicted this strong of a bounce it has even outperformed AMZN. I could list a series of "fundamental stories" for why it has had a great run but when you trade with a model you don't have any. As long as shop holds above its previous range state and the net up vs down volume...
Stop: 1.7300 Looking for the down wave to continue and test recent lows Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures In probability theory, a Markov model is a stochastic model used to predict randomly changing systems....
The jets etf and many of the airlines within it have broken out of there previous range state and now appear to be in an expansion or continuation phase. If price can hold above 20 then you can imagine the next move for the sector is back toward 2020 highs.
Hey everyone Here's a look at the EURO / POUND one choppy chart perfect opportunity for aggressive traders and intra-day traders hope everyone is good and you're having yourself a good one, now the EURO / POUND has had some nice volatility coming from all fundamental aspects but the structure was the and the pair was trading in a ascending channel which saw a...
If the second bottom close over the neckline = bullish. If it closes lower (as its right now) = bearish. still in building phase, things are getting interesting. If BTC drops, I aim for 618 fib (21 500) to buy the dip. If it goes up, then everything is possible. Happy trading (but be careful) XD
As FXI enters back into its previous range this could be setting up for a continuation to new highs. The previous range was over 4 months and this is the first retest so barring a downtown in global markets the index should at minimum see a bounce
Stop: 202.00 Looking for continuation out of range. Another healthcare addition to the portfolio and a non correlated stock to the broader economy
40+ Pips BUY remaining Good Luck! KEEP THE RADARS UP!!!
Much this should be no surprise to anyone. The cup and handle has been the talk of the crypto town for a while now and you may or may not believe it will perform, but the believe that we are in a bullish continuation pattern exist. The handle appears to be another bullish continuation pattern, an ascending triangle. The triangle has a falling wedge which is a...
WY could see new new 52 week highs if current formation holds. The play would be invalidated below 28. Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures In probability theory, a Markov model is a stochastic model used to predict...