NKLA on the 120 minute chart has been in a falling wedge pattern and had the news of
hydrogen stations ready to go in the all important California market and now printed a
countertrend breakout over the wedge. Can Nikola stop the cash burn? Can it prevent further
shareholder dilution? Is the board protecting the interests of shareholders ? While this gets...
EURUSD is at an interesting setup that can get both Trend Traders and Counter-Trend Traders involved.
If you are a trend trader, waiting for Point 1 for a 3-bar reversal(a break and close below) the current candle low would signal a shorting opportunity. Target1 would be a recent market close, which is at Point 2.
Where else Counter-Trend Traders could wait for...
The Square Root set-up appears in large cap stocks that underwent capitulation. Because large caps are heavily traded, the high liquidity reduces sharp movements. This set-up is best for position trading and usually is a sweet spot for establishing a core position on a stock that potentially has long runway for an uptrend.
Tailwinds:
There are reasons to be...
A bullish 5-0 pattern setup on the 4-hour chart(right) for a buying opportunity, on top of that a bullish bat on the 1-hourly chart(left) still within the buy zone.
Looking for buying opportunity in the coming week.
***Risky Trade***
Believe there will be a pullback to the 200 EMA.
Oversold on RSI +divergences on Force Index and RSI indicators.
Trade at your own risk.
Best of luck to all
USDJPY on its daily chart is still on the bullish run but as you can see on the daily chart, market close with a pin-bar having the tip of it touches the previous resistance.
On the 4-hour chart, I'm waiting for a retest of the high and preferably a pin-bar form for my shorting opportunity.
Like to know if I engaged the trade? Just get into our inner-circle and...
