Amazon has been consolidating for almost 10 months.
Today's news of a big beat on earnings and guidance has taken us to the top of the consolidation range.
It is a classic move for stocks that have been consolidating for a long time, to make a strong move upward before consolidating again.
Making a measured move from the last time it did this, we get a potential...
This play is visualize the monthly candle for USDJPY, and also based on the good numbers on NFP.
Inshort, STRONG USD, WEAK YEN until further action from BOJ.
Both are for swing trading, updating this because will be busy next week and probably will take some time off chart as well, will put a buy limit when structure breaks
From the beginning of 2020, emerging markets, and specially China, had been really outperforming.
The sector has taken a 12% correction from its high on February 16th. Which was coincidental with the past sell signals from the drawn channel.
We have tested the 50sma, which has worked as the lower channel trend line in this system.
When growth and inflation around the world are seemingly increasing on a MoM basis, consumer discretionary stocks perform well. We've seen this across the board so far this year, and in the latter parts of 2020. Ferrari is no exception, with a premium luxury brand with international recognition. Recently, RACE has been pulling back, and I'd look to start to leg...
Big demand for indu metals. Or at least price is going up for some reason. Maybe suriv supply problems?
Been following this one for a while. Could be a time to buy again. I don't even remember how many times I got in and out in the last 3 months.
Not dozens either but more than once or twice.
Anyway in general they (real world use metals) go up this...
Since late april, WMT has been in an upward channel fighting to stay above the 10sma.
The 50 & 200 simple moving average also line up closely with the 38.2% & 50%fibonacci retracement level, respectively.
The Bollinger Band Width, which is the difference between the upper and lower BB, is trending lower, indicating a build up in a move up or down.
I totally picked the wrong pair to trade accidentally. There's an unmistakable feeling when you take a discretionary entry, I should have dropped everything I was doing and FOCUSED ON THE ONE TRADE, instead I built a watchlist that caused confusion as I sifted through about 8 trades.
Wyndham Hotels is looking poised for its next bullish leg higher. The stock broke down through a bullish trendline but was able to find support along the 50-EMA line. The daily volume is showing that buyers are showing up as the price seems to be rounding out of a bottom & the RSI has risen above 50 as it exits an oversold condition. My price targets are noted on...
Target has been in a consolidation pattern since June 5th.
Bollinger bandwidth confirms consolidation.
OBV trend suggests the breakout might be upwards.
I would love to see RSI pick up some strength though.
A few concepts about my Price Action Strategies will be revealed as I keep posting the charts. Initially, I used to trade Discretionary Price Action which lead to many disciplinary problems.
Hence, I gradually moved my Price Action Trading onto a more Rule Based Price Action Strategies (Rule Based Market Structure with Discretionary Entries and Exits).