Keep your trading simple 🚀🚀🚀 This one is more a speculative trade. T1 = minimum risk reward 1:1 Mind term target $20.6 - Closing gap. Entry was on the crossover. I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains. For maximizing your profits...
Following Elliot Wave and Fib Retracement we could see dip to $17.50 support zone followed by a final rise to $20.50 in the following week. Price will need to test $19.50 again to prove breakout is possible. News on FB shops may be enough to turn market more bullish on $PINS. Current Price targets are estimated at $20.32. Look to enter long at near 17.50 with...
Seems 5 waves of elliot have completed and we need correction. be careful that we are still in the rising wedge, so wait for braking the wedge, before getting short position. retracements are based on fib levels. also we are still in a downward logarithmic fib channel.
Hi traders, Another small but solid up day for me. Let's take this opportunity to talk about HOW you should be trading after a drawdown! - You take only the best opportunities. This prevents you from blaming yourself even more when you lose yet another trade while already down. - You trade LESS. If you typically trade 3-4 trades a day, stick to just 1 or 2....
It is breaking out both SMA, 50 and 100. Volume is well above, RSI is strong
Hi traders, Tom with another recap here. *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.* I switched to video recaps so you can see the charts in greater detail. Let me know if you like it! Four trades today: 1) UPS - LONG @95.04, stopped out at 94.27 for a...
All indicators (OBV, MACD, RSI) have bullish upward trend going on, with the RSI indicator @ ~38, slowly coming out of oversold levels Furthermore, there is a beautiful hammer candlestick right off the 8MA (green line) - which could indicate that buyers are ending their rest and starting to buy the stock again - followed by very low selling volume. Because of...
Wall Street Terrified Indestructible Algorithm A.I Trading
Gap up after earnings pullback to 21 day EMA great opportunity Target : $30.00
FB price sits near the bottom half of the greater channel
PINS looks good here. Earnings came out Yesterday and were good. The moving averages are supporting the price. Should move up to resistance in the box area and gap fill.
Pinterest has surpassed Snapchat as the third-biggest social media platform in the US in 2019, with 9% year-over-year user growth. That seems pretty good based on reading the headline and doing no other research! I prefer all the space up to 25 though it looks like its out of the down trend plus massive increase in volume yesterday. hopefully it can get to 25...
Hi all, There is no particular reason for PINS to make a move at this moment. In my opinion it just follows the market's trend and i am expecting it to accumulate on the upward channel till next earnings report. At this time i am expecting a gap up or gap down depending on the results. To be honest it's a very difficult trade but i think that since the market is...
I personally hate pins, but im testing to see if it will breakdown any lower. I hoping it goes back to mid 20's but this week should give us a clear indicator.