This indicator helps identify 3-bar and 4-bar plays, which are price action patterns consisting of a wide ranging bar that breaks above or below resistance or support, followed by one or two collecting/consolidating bars, then a continuation bar in the direction of the new trend. The 3 and 4-bar play is taught by Jared Wesley and Anmol Singh at Live Traders.
The goal for this swing play is for the price to float out of its weekly wedge and bounce off of the trend low (of the previous uptrend) and make a move up to test the trend high (of the previous downtrend). The play will only work if the price can float through trend, if not then the move down will continue and the price will be squeezed by the wedge. The...
Had a near $2,000 bull run from March 2020 at a price of $1,600 to $3,550 in September.
Huge symmetrical triangle on the weekly chart signaling another move of the same kind. If we can get a similar move, that'd put Amazon over $5,000 by around August.
I'm INSANELY bullish on AMZN. I'm currently swinging options expiring in 2 weeks, but I'd like to sell to buy...
GSW is just another one junk stock with a bright future one may say.
Anyway, due to not so great financials, but very nicely hammered price value and oversold lvl my play is Buy, with a SL in a range of .33 and TP .56
Some decent earnings on tap in terms of options liquidity and implied volatility metrics this coming week. Here they are, ranked by how much the at-the-money short straddle is paying as a function of stock price:
PLAY (33/136/35.5%):* Thursday after market close.
ACB (30/205/32.5%): Wednesday (time not specified).
PTON (66/125/32.4%): Thursday after...
Right now, I think it is low to mid risk to have an entry on PLAY for a $17.50 long target. I think the upcoming wedge in the Zig Zag pattern is likely going to be positive, and it is one of the stocks you can buy and have a close watch on. It already passed the high risk period for bearishness, and the market cap is quite low. As always, this is on an opinion...
After a period of battle vs support, Play has successfully "Back test", now the triangle pattern continues to conquer the target.
Play buy : $17
Target 1 : $23
Target 2 : $27
Stop loss : $15.75
Wish you good deals !
when we are evaluating our sessions, it's critical to recognize OUR mistakes and EXTERNAL events. That's why although I ended up in a minor loss today, I am pretty happy with the result.
My NEM trade "worked", but only after the institutional traders re-tested the opening prices which meant my SL was hit. Yes, losing money sucks, but seeing the idea...
Hedge Fund opened a $1.6M position on 04-09. This is close to the all time low and that's a huge stake in a relatively small company.
With past history of Hedge Fund purchasing before huge price action, I am willing to bet a few dollars. Also it seems like a legit company.
You can even track where their ships are in real time!...