Since peaking on 11 Feb this year, ABNB has been establishing a support zone between 162-170. Today it formed a mornng star pattern right in this support zone. Expect an upswing next. Should trade goes our way, I would consider to scale out partially between 192-195 and ride the rest with trailing stops. Disclaimer: This is just my own analysis and opinion...
I like what I'm seeing here. Great candle printed today. Starter position order filled at 700, though seems to be battleground level. Tomorrow's candle should confirm the morning star pattern. Local highs and lows all higher. Major trendline validated confirming overall bullish bias. And... it's no secret the upgrades!! :) Pitfalls: -Recent news piece not...
LNT - Bullish Morning star + Three Soldiers candle formation
DVN - Bullish Morning star on Flag limit
FTI - Bullish Morning star on Demand zone
Hello traders and investors! Let’s see how AAPL is doing today! First, it is inside a boring and annoying congestion , moving erratically without clear direction. But we have the $ 119.05 area to use as a guide, because it seems this is a nice support level for the short/mid-term. Recently, AAPL did an Island Reversal chart pattern near this support level,...
AUDUSD - LONG SETUP Price is on an uptrend , since it made a higher high breaking the previous resistance , waiting for the formation of the higher low for our Buy setup. 50% on our Fibonnacci retracement , We see price touching the trendline three times, anticipating price to move higher H2 Morning star candlestick formation shows Bullish momentum
After a rough week, the market slowly recover we might see a reversal # Morning star # 200 EMA support # MACD crossover first target = 27 second target = 30
I am long from $8.95. This a great set up where we have completed 5 obvious waves up with a ABC correction into the 0.618 fib level, structure area and the bottom of wave 4. Also, we have formed a morning star with todays gap up. Also, not pictured I have counted the waves down into Wave C, which finished at the projected level. Stocks should also rebound at least...
Hello traders and investors! Let’s talk about PTR today! We have multiple technical points to discuss here. First, in the 1h chart we have a classic Inverted Head and Shoulders chart pattern, which is usually a reversal sign. The Pivot Point is at $ 30.18. Now, it is doing a pullback to the 21 ema, and we’ll see how it’ll behave from now on. What’s more, we...
The above analysis is done purely based on price action and chart patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. (This stock was analysed few months ago as well. To check that analysis, see the idea linked below) The logic behind this analysis is explained in image itself. It is a...