A Gtartley Pattern completion with a double bottom and now 2618 opportunity on the lower time frame. I wouldn't trade it was a gartley and attempt to use 2618 stops, but you can certainly look to protect profit or shoot for extended targets based off of the higher timeframe pattern including the potential bearish cypher that still exists
GPN has just broken through the $100 mark and the chart patterns suggest price could go higher. However, when this stock hit $50 (in 2006) it moved into an extremely prolonged consolidation. This lasted until the end of 2013 and the range was deep (between about $30-$55). For this reason I would recommend sitting tight until the $100 mark is comfortably cleared...
I am using IBD system of buying here, the cloud security sector has been hot, and I like CYBR also, but QLYS is in proper buy zone right now. I also considered CNC and would like to find a way into NHTC, CBM. 99 Composite 99 EPS 98 Relative Strength A SMR B+ Acc / Distribution Current Earnings EPS Due Date N/A EPS Rating 99 EPS % Chg (Last Qtr) 200%...
DST has a couple of good continuation chart patterns going on. A cup and handle formed below the $100 figure. $100 can often be a strong resistance/support zone. But once price broke through (and confirmed the cup and handle) this chart pattern suggested price could go higher. More recently price formed a double bottom - another continuation pattern suggesting...
Current Sentiment: Bullish Price managed to put in a double bottom divergence setup last week. For now, we will wait for a potential 2618 setup to enter based on a trend continuation trade next week. I would love to hear your opinion, feel free to comment, agree or disagree....
WWAV doesn't have much data but it has been trending up since 2013. There was a long period of consolidation from September 2014 to February 2015. Although technically the consolidation didn't start until November the November high was only marginally higher - and price pretty much traded within the September pivot high and October pivot low range until the...
PRICE AT AN IMPORTANT KEY LEVEL AND JUST BOUNCED OFF THE RESISTANCE TURNED SUPPORT FORMING A DOUBLE BOTTOM. ALSO THIS KEY LEVEL IS IN CONFLUENCE WITH THE 0.5 FIB LEVEL. GBP AVERAGE HOURLY EARNINGS IS EXPECTED TO COME OUT BETTER AT 2.2% AND THE REASON WHY THIS IS IMPORTANT IS BECAUSE THE BOE (BANK OF ENGLAND) SAID THEY'LL BE MONITORING HOURLY EARNINGS DATA. IF...
React on trigger only. Cut short when close is above 129.06 or keep it if below to enjoy more profit.
Don't lose earned profit but be patient not to lose chance to earn more. Watch and react accordingly. Cool mind is favored
@TradeYodha (TradeYodha.com) #USDCAD Double Top Short Idea 1. Double Top On Weekly and 4H 2. Price has been overbought 3. 10SMA and 50SMA on Weekly and 4H are lagging. That should attract the price downwards 4. DXY (Dollar Index) is also due a retracement. See related idea. That should being USD to this zone for a Long Entry I would love to hear your...
AAPL lost downside momentum and double bottom pattern emerged indicating reversal. But it has stalled now after shaping the second leg. Watch 124.43 or 123.90
This chart show us a possible double top scenario. There actually two of them pink rectangles. A confirmation of it could be the break of support at 120.5 -120.1 area. You can also see how the double bottom scenario worked out (blue rectangles).
MDVN was a possible long for me back in November 2014. Price had broken above the $100 figure and retested it with a bull flag formation and I felt this was enough to propel price higher (which it did, marginally, a few weeks later). However, the move could not be sustained and price came back down to retest the $100 figure on several occasions - most notably to...
We definitely could see more pressure to the downside in the upcoming month or so if the bears can hold the price around the 1.9739 area until the end of the month. The candlestick of March 2015 can technically be seen as a hanging man. This idea can also be complemented with a monthly RSI divergence. If this view comes true, there might be a few structure zones...
This is a WEEKLY mystery chart of "XXXX" There are times when I am going through a list of charts and I am so focused on the candles that the company name doesn't even register until I consciously look for it.. Does this ever happen to you?? This is one of those charts. I have looked at this chart for several weeks now. Each time, if I have a very recent...
This week, the we will be covering two pairs, Platinum and GBPUSD. Overall sentiment: Bearish Current market condition: Bullish I would love to hear your opinion, feel free to comment, agree or disagree....
Hi Fellow Risk Takers, Here is an update to the Trend Reversal Breakout idea on CISCO ($CSCO), posted during January (Potential Multi-Year Trend Reversal Spotted for CISCO) This idea is ideally intended for the long term, up to 1 year or even longer. (1) During 2008 crisis period, price of Cisco has plunged from around $33 to as low as $13.50 (-56%), which...
Falling wedges are bullish formations. This is a nice daily Falling Wedge chart and a Double Bottom might be created soon. See here: www.freeonlinetradingeducation.com