Trend: Ranging Structure: Flag / Horizontal channel Plan: For the last month GBP USD appears to have been trading within a tight horizontal channel. We can expect price to respect lower boundary and move towards the upside with TP at previous high (or 0.5 Fib Level).
Long trade opportunity as price is at a level with a confluence of supporting factors (Trend Line, Horizontal Support & 200MA) Indicators and recent price action suggesting a potential bottom being formed (details outline in the chart).
Yesterday's pin bar close could be a sign that selling is getting exhausted. With trendline support tested (and rejected) twice in a week, the odds appear to be in the bulls favour now. Hence I am cautiously bullish at the moment. To be doubly sure, wait for a break up of the near term trendline (in green) to get bullish. However, should NQ break below the...
FINV retraced about 50% from it's major swing up before finding support around the 50% fib retracement level. There is also a horizontal support zone there 5.78 - 6.24, created from horizontal resistance turned support (apparent on wkly chart) and a large Gap up on 11 March (that is not being filled during this recent plunge) Note that as a $6+ stock, it is a...
Trend: Ranging structure: Flag pattern / support and resistance Plan: We have identified a flag pattern / a horizontal support and resistance zone. Inside this we observe a potential downward trend. upon breakout we would enter to the upside. Alternatively it has respected lower bound and the trade is active.
PTON established a strong support at 94 after forming a double bottom there on 5th March. It rose for only 2 days before losing momentum for the next few weeks when it slowly became apparent that a mini Adam and Eve bullish pattern was forming. Today it gapped above the Adam & Eve neckline with RSI rising strongly >50 at the same time. For those who have yet to...
Stock price is lower low, but indicator is higher low. This divergence can be a trading opportunity. Tips: This is forex, not a stock. But the tips should apply as well. 2014 apr 28, price and stochastic have divergence. Stochastic is to value price momentum. Use 8,3,3 as the parameter can wipe out some market noise. The divergence is a regular divergence. Over...
It is likely that this just just a steep correction (not a protracted bear market) hence we need to look beyond the fear for opportunities that do not come so often! SQ crashed 30% in just a little over 2 weeks. There is a strong support zone at 190-198, little would we expect that it will crash more than 10% today to test this zone before staging a strong...
GBPMXN mine own perspective so what's your consideration on the price movement please comment in the below section ? I believe that. So what is your expectations in comment below. So guys Let's look at it 😍😍😍🥰😍😍😍😍 with #hasanat_hussain_al_ahmed_hasan Learn forex then thought to does earn Stay With me Stay With trading Stay With idea Stay on trend
After the earning report jumped. Very important the stop loss. I teach a new padavan how can use easily the support and resistance horizontal lines. :) Peace. Watch and learn.
BBBY crashed back to earth after the recent short squeeze that sent it from $25 to $53.90 in just 4 days. It now appears to have found support back at 25.00 (78.6 % fib retracement support as well as a rather significant horizontal support). Coupled with bullish divergence now forming between price and RSI, it looks like a "safe" zone to test water again with...
Since GEM has broken out from a base formation @ 6.62, it began a strong move cummulating to short term peak last Friday before falling sharply as naysayers doubts began to kick in. However technically this chart pattern has room to go..! Who would have thought there is still a chance to stake this guy after it shot up so quickly to 14.80 last Friday? It was a...
Lemonade has retraced from a recent high of 188 to 138.80 today. It is now close to a strong support @ 137 (confluence of a horizontal resistence turned support as well as the 61.8% fib retracement level). There is also a potential bullish divergence between price and RSI. Dipping my toes in @ 138-140 with initial stop loss just below 134. For those who prefer...