AAPL hitting major resistanceWhats up guys. Haven't posted in a long while but looking to start posting more often again.
For those that haven't seen my ideas before I use very basic trend lines and Fib levels to determine entries and exits on large companies like TSLA, FB, AAPL, etc.
I then use options to maximize earning potential, typically looking at those expiring within the current week or the next.
I'll be looking to buy some puts today or monday on AAPL as a short term correction looks inevitable.
Fib
FIBONACCI RETRACEMENT & EXTENSION | Trading Basics 📚
Hey traders,
In this video, I will teach you the basics of fib. extension & retracement.
In this lesson we will cover:
Settings for fib.retracement
Settings for fib. extension
Impulse leg & correct drawing
Application in a trending market
Let me know in a comment section if you want to see more lessons like that.
❤️Please, support this video with like and comment!❤️
ADBE Potential ATH BreakoutWatching for a break above all time highs for a bullish move.
Using Fibonacci extensions to gather future price targets.
The 1.13 fib will act as the level where we should watch for a retest of the breakpoint.
The 1.618 will act as a longer term target.
If needed, use the 1.27 to get a shorter term target.
XRP - Heading to 0.70 Cents?XRP has been in a correction for a while now. We can see it is in a descending correction which looks like a large bull flag. It has all the signs to me that it's heading down to 0.70 cent or around that area. You can see the -27 fib target is just outside the Main ascending trend line, structure & descending flag pattern trend line. There is also a chance it reverses from the double bottom area but with so many confluences at the 0.70 cents area that where i would rather enter a buy.
DOT - Potential long postionDOT has shown very strong support at the 41 region, currently on it's 3rd day sitting on this support line.
This in itself can be a good potential buy zone, but I would wait for BTC to rebound first before buying.
If this move plays out we can see DOT rmoving back up to it's previous ATH of 55.
If Dot closes below the current support the next support could be around the 37 region. Set a stop loss in case we break below 37.
long $YOUWeekly candle looks like it's hitting an important level of support. I'm expecting a turnaround.
Potential area's of resistance that will hopefully turn to support are:
50-day MA @ $43.37
.236 Fib @ $44.03
VWAP from ATH @ $46.11
I could easily see it back at $44 in the next two weeks. Maybe even by the end of the week.
With global travel expected to be fully back by 2022, Clear Secure ( YOU ) is a solid 6 month to 1 year hold depending on how things shake out in 2022.
EURJPY - LONG POSITION (8HR) Overall bullish on EUR and JPY so kinda conflicted on this pair despite confluences stacking up. Need to see candle rejections in order to re-enter as I have already taken significant pain on this trade.
Confluences:
- Bullish market structure confirmed by trend line and breakout and retest of downtrend
- Rejection of blue region
- Rejection of 71% fib area
- significant rejection candles at the fib level
CAJPY - LongFX:CADJPY
Banked a nice 7.5% on the way down, with hedges running which I will now use to look for long opportunities. Overall this pair is bullish with us pushing down in this corrective channel, with the retarcement looking like its coming to an end and we could now see longs into 95-86.
I will be diving down to lower time frames to look for long opportunities.
BTC - 4H BuyIf we close above the last 4H candles high I will enter buys towards $67K- $68K.
The 12H is incredibly bullish though the last one closed with no wick, if this 4H & 12H closes as above then that's another confirmation for short term buys.
I will hedge a short at $67,500 to go with the HTF bias of a reversal.
EOS/USDTsuccessful breakout from symmetrical triangle .it may have re test of broken trend line then its destined to touch FIB 1.618 EXTENSION level
XRP - WeeklyThis pair isn't as clear as the last 2 but if a drop was to start from the levels BTC & ETH are at this is where XRP should follow suit.
A retest of the smaller fibonacci's 78.6% retracement around $1.29 - 30 would be where I will take another sell position.
Any closes above $1.30 - $1.41 we can likely see $1.70 again.
Anything above $1.70 we can easily and quickly see the ATH retested at $3.30
The Daily timeframe is the one to watch on this pair to see if we retest that 78.6% retracement.
$A god move coming~After the amazing impulsive move to an ATH we came back to the 61 fib line which is a great pullback and a healthy one.
~we are in a wedge rn and are looking at a breakout next week
~~Bull flag highlighted in white looking hella fine, hinting at a breakout happening for the bulls
~Red zone is SL
~Green zone is take Profit max
~white zones in between will be key resistance points.
~VI indicator shows momentum is about to turn back to bullish. With earnings coming up on the 22nd, this could be a run-up to earnings play
SPY- Bearish Reversal - UpdateSPY looking very bearish here, frankly, the markets have been overextended for quite some time and all technicals are bearish on almost every timeframe- Some FIB levels and RSI-based supply and demand zones to keep an eye on-
- Bearish ABCD Harmonic Pattern Formed
- Spinning Top Candlestick Pattern (Reversal Pattern, Bearish in This Case)
- Bearish Butterfly Harmonic Pattern Also Formed (See Attached Chart)
- Buyer Volume Drying Up
- RSI way in Overbought Territory
- MACD Death Cross on the 4-Hour
Previously Charted
Amazing swing opportunity on EURUSD - Target 1.4 PointsHey Trader,
I have to pleasure to share you my latest idea on EURUSD. EURUSD finally managed to trigger my buy orders on the 50% daily FIB.
From here there is a high chance that we start off with the new bullish overall Cycle that we are seeing on the daily chart. Also, we have printed an ending diagonal for wave C which leads me to the conclusion that we might have found our bottom here. We would need to see some buying pressure and break of structure (BOS) as confirmation for our entries.
Nonetheless, I am already stacking my longs from this point and I am happy to double up my positions on every dip I see from this point on.
Please, keep in mind. This is no trading advice. I am just sharing my idea about my trade. This idea can be end up in a total loss.
For further informations about me please look below.
Wish you guys the best!
RL from RT_Trading
Kin 2021-2022 Bullrun projectionI am using the Trend Based Fib Extension so that we can get an idea of where Kin could possibly hit certain price zones based on fib numbers. Of course, this could be wrong but Fibonacci zones are crucial in making some kind of connection with a future outcome. I am still bullish on Kin reaching a possible $0.01 price target but more conservative at $0.005. Notice that I have February as the possible sell-off dates for Kin and I base this on the previous historical information on the bear cycle from 2014 and 2018. When we reach a peak for Bitcoin the Altcoin go absolutely parabolic and this is what I see happening in February if Bitcoin Peakes out on January 3rd of 2022. What we do know is that when Bitcoin peaks out we usually have between 3 to 4 weeks of parabolic price moves in the Altcoins.