PLTR wants to fly high, so what does the chart tell us?
cup & handle pattern formed,
price literally bounced on all 4 major SMA(10,20,50,200)
price breakout from 27.41 high than retested successfully,
Imho PLTR start getting strong momentum, after building a nice base foundation, is ready to go to the "moon"
Contextual immersion trading strategy idea.
FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation.
The share price rose after J.P. Morgan analyst Paul Coster had initiated coverage on FuelCell Energy stock with an overweight rating...
GOLD has had a very bullish action with the held of the uncertainty of the Financial Markets in the recent weeks.
But the Price action suggests that this Bull run is about to come to an end with a nice head and shoulder pattern forming.
If the Price breaks through 1410 levels, we can expect the price to pull back at least 50% correction of the recent move up,...
This trendline continues to be in play for GBPCAD. on the hourly chart we have a wedge/triangle taking shape that could break either way. We've been bearish here many times, so im leaning and biased bearish, however a bullish breakout is certainly possible. Waiting on further breakout confirmation. Lets see. Happy trading!
I have found this pair strongly reject the 123.200 area , close to monthly support , after the heavy upwards momentum we seem to see price staling , however still creating lower lowers and higher lows. My projection is we may see price move all the way down to the 121.400 area we could expect some major buying pressure to occur. Lets see how this plays out.
I'm not a fan of Head and Shoulders patterns - inverted or otherwise - but many people will have noticed the formation in the FTSE100 and will be waiting for the break down.
Whilst oversold stochastics could promote further right shoulder development, the eventual break will likely target 6400/50 as profit-taking pressure increases.
Would Victor be a seller?
With yesterdays huge spike to the upside , price still did not close above the previous 4 months highs , as a matter of fact it even failed to close the previous days high. Projection im very bearish on Gold , im expecting in the next week or so to touch the 1240.00 zone.
Gold has been on a strong rally all year. It appears to be pausing for the moment and refusing to make and lower lows or higher highs. To me this looks like the Market is flagging and pending a breakout.
If it breaks out to the upside look for $1,400 to get tagged.
If it breaks lower look for $1,250's to get tagged.
I have no idea which way this will break......
GBPUSD on the 1hr has broken out of its Rising Wedge Pattern.. Look for a downside move back to structure and possibly further.
I'm short @ the Break and Close out of the wedge.
Stops are 1 ATR above the Breakdown bar
Targets are shown on the chart.. I only trade 2 targets.. But i wanted to give you guys options are where good targets can be.
USDCAD has had 9 Straight days of Advance and has been VERY Bullish. It's currently in a nice Rising Channel. The Balance Area at the highs looks like Distribution to me. A lot of times this is a "topping pattern". So, I'm waiting for a Break & Close out of the Balance Area (Yellow Box) and will enter a short position.
Stops - Will be 1 ATR above the Breakdown...
The Rising Channel of the GBP/JPY has been broken and has closed below the Channel. I took a short on the first close below the Channel. My stop is 1 ATR is above Breakdown Bar around 187.05's. I listed a few Target's for you guys. Choose them as you wish. I only Trade 2 Targets per my Trading Rules. In order to get this pair we need to see Risk Aversion. All JPY...