TTD has been looking really good lately. Been tightening in a wedge since mid 2023. Currently sitting above the major EMAs and working on an inside candle today and showing decent relative strength after the weak CPI print earlier this morning. Earnings in 2 days, and have posted 5 consecutive beats.
Hi Traders! AUDUSD looks bullish as it targets the double top resistance on the 4H chart. Here are the details: Since breaking and closing above the 20 EMA, the price action has been aggressively bullish, and the market is now in an ascending price channel and is near the double top resistance at 0.65430. The plan here is to buy market dips at retracement...
It is placed on the support and a good point of Fibonacci
This weekly chart of the YANG /YINN ratio explains the rationale of the demonstration of the market cycle over the period of a few years as it relates to taking a swing trade in one or the other and finding the likely pivot points based on resistance and support as static levels or importance. Dynamic levels using an anchored VWAP and also a Bollinger Band are...
ACHR is a speculative penny stock with big momentum this past week for a continuation trade. The chart is a basic 2 hour chart upside 20% to all time high no revenue burning cash but improving on putting out the fire. No competition in its intended market. $5.00 strike calls for March monthly for $75 look good. Once upon a time, I had a fellow ER doc who...
AMEX:SPY February 15, 2024 15 Minutes. The gap on 13 February did not allow me to go long on 14th February as I was not supported by parameters. Since 478 levels gave an opportunity to short, supported by a gap up, I shorted at 496.5 levels and covered at 495 levels as the gap was not getting filled, indicating bullishness. Considering the rise of 490.72 to...
First time it's ever broken the 200 week moving average. Either we've entered a new phase of crypto euphoria, or crypto in large is about to retrace hard.
A repeating pattern and potential opportunity All three companies have some form of crypto offering. NUbank, Coinbase and Sofi appear to have similar bottoming patterns with double bottoms and a head and shoulders style reversal. The charts are not identical but you can clearly see a repeating testing of levels and a price cluster (red shaded area) which...
SPWR is a volatile penny stock; solar energy is hot right now. ENPH is the slow and easy big cap play. This one is high octane and can go from overdrive into reverse when the shorts catchup. As for me, I will chase this and setup a trailing loss when the sun goes down. I have alerts set up for death crosses on the moving averages or the mass index triggers....
Hi Traders! There is a bull flag pattern developed on the DXY 4H chart. Here are the details: The price action looks bullish, and the market looks like it is about to complete the consolidation phase in the flag's channel as the flag pattern is in its late stages. The market is still above the 20 EMA, which is a bullish signal. As long as the market remains...
ROKU has been downtrending in a retracement of the uptrend from late May to mid June. On the 2H chart, price has fallen from the top of the fair value zone the bottom of the fair value zone. The zone is the area between the VWAP bands of the anchored VWAP. Institutional buyers prefer to buy in either the under valued zone or the lower portions of the fair...
I have had two TSLA puts that have performed well. One was liquidated today to buy a call optio. I may do the same thing to finish out the trading week. TSLA for one reason or another while Musk announced he wants more shares from the board and pricing was modified in Europe has stabilized its price in the market over the past 3-4 trading days. Price is...
This is my follow up Chart on Pivx/Btc with the Binance data. Intro: Pivx is one of the most privacy focused POS coins. Devs are constantly bringing new tech into the field since 2016 and Pivx github is since then leading in Dev activity. (!) They were the first to implement zk-Snarks into a POS Coins and with the shielded option your transactions are hidden....
AMEX:SPY February 14, 2024 15 Minutes I had considered Fibo for the rise from 490.23 to 503.50. Since it opened the gap down I had to consider the previous low of 482.89 to 503.50. Could not be shorted. But took support at 61.% retracement around 490.7 levels. For the day I will consider the fall 501.24 to 490.72. 497-498 will be a good level to short SL...
PLCE as shown on the 30 minute time frame had a "waterfall" event when a bad news catalyst hit the wires. Executives announced earnings issues one month out from the report due about March 14th. Maybe is real and may not. The are no filings available to show any insider sell- off unlike what is going on at General Dynamics at its all-time high. Could those...
Roivant Scientes, on the 15 minute chart is experiencing increase volatility and volume now two days out from its earnings report. The MACD with zero lag shows a bullish inflection in the lines On the daily chart, ROIV gained 38% in 2023 but has been down 4 %YTD. The volume and volatility show both are heightened in the pre-earnings run- up. The last report...
I was looking at the premarket to know where my target would be, on the closeup of the 3 minute chart i got it right above the bear candle closing above the 10ema. and waited for the stock to pull up higher to raise my stop level.
Hi Traders! USDJPY is near the psychological 150.000 level, and it looks to possibly re-test its 3-month high at 151.911. Here are the details: Looking at the price action, it looks bullish; the bull flag, along with the previous yearly high, has broken. The next big test is as the market approaches the 150 handle. There may be some strong resistance here, as...