Pretty good liquidity on UAA weekly options, this one might be a good short term trade (as in 2 - 3 days). I'm already in this morning but you may want to see how the day ends. UAA goes gap with the market, so if they pump futures on Monday this will gao up. Overvalued though, based on this blowout quarter it's got a P/E ratio of 33 and no dividends.
Secret indicator for spotting exhaustion index uptrend and also spotting euphoric index uptrend ... cannot say more
Tradingview wants me to explain why I think this trade is a good idea. Well, I don't. We are consolidating for a long nice time. But, 4 HR and 1HR Price Action are showing me there's a potential downside movement about to happen, so...
Exhausting price action. Looking for 50% retracement through 2018, 2019.
As was suggested in my weekly chart that was posted on 5th February 2018, the prevailing down move halted around the 5950 area and price has since been correcting upwards. Anticipating the current correction to stall around the 10400 area before a further drop ensues. Trade cautiously! Side Note: Current volatility in the S&P500, DAX and similar Indices is a...
"Personal Journal" Reasons: Seller trend on 1h charts, waited for a pullback, the first pullback already got rejected on resistance. We then get another pullback that showed a double top and a drop, followed by what seems to me like the final buyers try (got this try because of News an hour ago). Got in after a big "Pinbar" on my precision timeframe (15m)....
TEVA was one of my favorite company to trade back to 2014-2015, and I was so bullish on the company then based on fundamental analysis~ After I stepped in the world of technical analysis and momentum trade, the story of TEVA has totally changed, too. There was a significant "island" formed by the exhaustion gap, and here comes an inside day. The short is the...
Bitcoin has risen about 70% in the past 4 days! It is obviously in a bubble whether you like it or not. It will definitely burst soon. However, it is difficult to predict the top, although they are many signs that 172000 the peak. First, the volume spiked 2-3 times in the last few hours: a common sign of exhaustion a reversal. Next, the RSI has not 2, or 3, but 4...
Pullback done, waiting for more confirmation & a cleaner break to the upside to enter : )
price has been dropping steadily over last 2 years but has not made a new lower low below 1.2502 and as a result rejection candle above 50/200 sma line formed in september. Entered one daily inverse head and shoulders with targets set previous highs FX:USDCAD
We had a lovely drive higher off 61.8 % retracement (seen on the daily chart) Hitting a key supply and demand zone and expecting a move lower
Strong bearish price action since start of the week. I am looking for a possible final push (exhaustion) into the long term support around 1.5950. Looking to get short on a pullback towards 1.61 with first target at the bottom of the corrective structure around 1.6050 and in extension a final target around 1.5950.
Good evening traders. The chart really says it all, but let's discuss this. If you go back through this long uptrend you will see many of the common trend following patterns (flags, pennants, wedges, etc.) working out. That is because in a true uptrend those patterns do tend to work. However in periods of consolidation they do not tend to work very well and...
All yen crossed have been in a parabolic bullish run for almost two months now. Am looking for an exhaustion into resistance around 85.50-86.00 to get short. Primary target levels are 82.50 and 81.00.
Anticipated exhaustion levels for today are:- Short from 52.55 & 53.10; Stop: 20 ticks, Target: >60 ticks. Long from 50.38 & 49.70; Stop: 20 ticks, Target: >60 ticks.
This is looking interesting. Not much to say: RSI divergences developing, with the stock down 45% since March. The selloff seems fairly exhaused. Nice risk reward, if you put a stop at 4.79 and target at 5.27
SPX 1. Correlation/ Technical analysis - SPX has set up the most predictable price action I have ever seen - confirmed by two EXACT 0.55% moves higher and the last 4 moves have been almost exactly 2weeks. 2. Price action currently shows exhastion has set in and there will either be 1) another bull exhastion leg 3 (+0.55%) to 2206 OR 2) A sell-off will begin...
Big buy opportunity with many reasons to go long including a support level from June of last year. Many ways to play this. Conservative traders should wait for a trendline break and retest. Aggressive traders can start scaling in, or look for lower time frame entries. Can easily test back up to 1.3000 without even exiting the bear trend. Be aware that there...