AUDCAD has formed a bearish engulfing candlestick after consecutively making lower highs and lower lows. A valid down-trending support line bounce further confirms this short setup. SL set above previous highs, TP set at previous lows.
After the dip zecbtc it hit a support level which seems would make it bounce back and go back in track with the new uptrend line (yellow) or continue to go down and follow the existing overall downtrend.
It's more likely to follow the downtrend if it breaks the support level.
CELG seems forming a double top formation in the weekly frame. It also has strong insider selling. We think it can decline on long term.
* Trade Criteria *
Date First Found- July 27, 2017
Pattern/Why- Double top on weekly chart
Entry Target Criteria- Break of $132.87
Exit Target Criteria- 1st Target $97.73, 2nd target $67.23
Stop Loss Criteria- $141.33...
BLDR was in our watch list for last few weeks, and now it seems forming double top with moneyflow divergence. Could be breaking down here. We think it has good downside potential.
* Trade Criteria *
Date First Found- July 27, 2017
Pattern/Why- Double top formation
Entry Target Criteria- Break of $15.37
Exit Target Criteria- 1st Target $14.17, 2nd Target...
Price in a Downtrending channel, currently at strong zone where price retraces to, possible reversal point as I will look for a candlestick reversal pattern.. Also possible double top formed on 60 min time frame being rejected at resistance
BURL broken down from a long term rising wedge, retested the support line & falling down again. We think it has good downside potential.
However we are looking for 2 entry potential, first if it pull back to $89.73 or break down $84.33
* Trade Criteria *
Date First Found- July 25, 2017
Pattern/Why- Rising wedge breakdown short
Entry Target Criteria- Rallies...
Price currently at 50 fibonacci level/strong resistance. If price can manage to stay below level my first target would be at 145.250 (Back to trend line bottom), and will either break or bounce off at this point.
Trade with care!
SBNY seems breaking down forming a H&S formation. It also broken down key support label on huge volume recently. We would consider a short if it breaks below $132.13
* Trade Criteria *
Date First Found- July 20, 2017
Pattern/Why- H&S formation, Key support breakdown short
Entry Target Criteria- Break of $132.13
Exit Target Criteria- $122.13
Stop Loss...
See my play on words? If not don't worry.
As we can see, there is a strong bullish movement.
Nice impulse formation 12345, with a good chance of extended 5th wave back to top resistance in channel.
Keep an eye for a reversal at that point. Could be a long way down!
Timeframe: 4H Chart
Duration: 70 Days
We saw an amazing crescendo with Ethereum and bearishness followed. Went up to $400 (green) and downtrended ever since (pink). The silverlining is in (cyan) - a linear uptrending support range. The lows have touched it twice.
Exponential explosions are ephemeral and unreliable. Linear growth is strong and dependable. Buying near this lower range (cyan) to go...
Since our peak around $3,000 (green parabolic) we've been in a downtrending price channel (solid purple range) which is prone to big selloffs (dashed purple support). The low points in the two biggest selloffs out of this range touched obvious support levels.
As of 7/19/2017 at 12:15pm est, it appears that price is going to descend from the top to the lower ends...
MTSI formed a long upward channel in weekly frame. However, It seems getting toppy. So we think it has good downside potential. And if it can breakdown the upward channel it can go al. the way down to $34.33
* Trade Criteria *
Date First Found- July 18, 2017
Pattern/Why- Upward channel breakdown (weekly frame)
Entry Target Criteria- Break of $59.13
Exit...
Price consolidating looking for next big breakout? Looking to form a lower low now? Lets see.. Possible "M" Formation as well to look out for. Next demand zone at 125.00
Trade with care
Although the Elliot Wave Oscillator indicates a bottom in the stage of the decline, the momentum becomes more negative. In my opinion IBA is a falling knife and a target below the 30 euros is realistic. If we get more signals that the decline is over, a long position is the best strategy to take advantage of a rebound. If the rebound is supported by a great...
