I bought Dec 27th 280/300/320 for .60 last Friday due to $BA not acting right - news came that they are halting production. I have been trying to enter long trades but yet news never gets any better - so I decided to switch it up and buy a put fly. The trade was trading at 3.25 this AM - I left my position on. I will cover half if stock closes green tomorrow...
Here we have a classic by textbook diamond formation, sign of an equal power between bulls and bears, Long term the price will follow the direction of the break out in which case that direction points upwards. The macro scale of the price action also shows a bullish divergence inside a descending channel that price has been consolidating for the last couple of...
Speculative long on PLX. Accelerated path to approval from FDA. From TA standpoint - charts tried to make a diamond a couple of times, but failed. Will third time be successful to push higher? Opened for 2k shares at .24
Potentially a diamond formation taking place. Quotes from 3 sources. 1) This can be a reversal or a continuation. where break up is 70% chance, and the chance of a break down is 30%. 2) How much has #Bitcoin rallied as a result of its Halvings to date? Halving 1: +13,378% Halving 2: +12,160% 3) The market has a way of inflicting pain on late entrants,...
Good Sunday morning traders, last week I have been saying, that there is space down to minimum $ 8165. Looking at this still very valid potential diamond bottom pattern just sitting on the so important Yearly Pivot. So the big question is, where this is going to break. Considering the fact we are on top of the P-Y and it´s position, the odds are better to break...
Diamond pattern going to complete. So we expected the price will go down
Dear Traders, obviously this is just an idea and nothing that can be traded by now. For this I have taken out one of my former charts, where I tried to show you the stages that are probably awaiting us. Currently I am still not bearish mid to long term. This drop was caused by a broken key-level around the Monthly Pivot and we are now starting to approach the...
Hello Traders! Today’s Chart update will be on EOS/BTC, we have a potential diamond pattern coming into its apex, suggesting that a break in either direction is imminent… Points to consider - Trends is overall bearish - Local support and resistances are posed by the diamond formation - Structural resistance in confluence with diamond bull break - Stochastics...
Bullish Convergence is forming on ETH on the Daily Time Frame. On top of that you are nearing the apex of the Diamond Shape pattern after a falling wedge breakout. All near areas of presumable value. On top of the bullish signs I have spotted, you are also showing significantly lower amounts of selling volume compared to the last major impulse down. A breakout of...
I wanted to try and figure out what pattern this recent price action was forming, and I realised that there seems to be a sort of diamond shape. - Diamonds can form as both 'tops' and 'bottoms', so the only way to know is to wait for a clear break of the shape. Where BTC is right now ($7970) it looks like it needs to hold the bottom support and create a large...
Good morning ladies and gents! I have spotted a Scuffed Diamond Pattern. The measured move of this to the up and downside is about a 3.82%. It's only a matter of time until we breakout. We are approaching the apex of this pattern. It looks like a long ways away, but keep in mind, this is the 1 hour time frame. I would use the 4 hour, but you have already seen the...
1) Risk max 2% of your a/c in any trade 2) Look for min 3:1 risk/reward ratio setup e.g Sl 100 pips TP 300 pips 3) Repeat step 1) & 2)
My current opinion (to be invalidated if there are signals that contradict my current view). On daily charts, we could probably see an ultimate outburst to the top next week before a progressive collapse (on November 2019?) of the US (and therefore worldwide) equity markets. If this happens, then we would have a perfect Diamond pattern which would be potentially...