Here are some important levels and distances from prior new highs to pullbacks, all around 15-20%, but with this particular pattern a bit stronger. Vertical dashes are measurements to highs from support and also pullback levels from highs back to support. I think we will see loads of buyers coming in at this 15500-16500 area and we will see some tension on the...
Chart speaks for it self.
Keep an eye on resistance areas to become entry points if price bounces off those area.
THIS IS NOT INVESTMENT ADVICE, JUST AN IDEA AND MY OPINION!
Always think consider two scenarios in your trades;
1. The market goes along with your technical analysis + gut feeling and you are in the green, good job! Now bring your excitement level down, remove your initial investment on the first profit target, maintain the profit on the trade until 2nd profit target and close the trade. I set stop-loss and profit...
Beginning of an uptrend and great opportunity to profit! Waiting for the bouncing in a particular spot (number 1) where lot of things happen: resistance turns into support (red line), touch with support line (blue line), round number 0.69, fibonacci level (0.5)!! Enjoy
The price has strongly broken the trend line of the consolidation that had formed. I'm waiting a flag in the breakout for enter in short.
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El precio ha roto con fuerza la tendencia de la consolidación que había formada. Espero una pequeña bandera en el breakout para entrar en cortos.
Tenemos la formación ya de una corrección ABC, pero se que todavía no esta finalizada porque sigue habiendo divergencia en MACD, lo que nos confirma que será una Expanded Flat. Después de esa onda C, buscaremos una entrada en cortos en algún lugar del nuevo impulso, con un Take Profit en el -27% de Fibonacci.
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We can see an ABC pattern, but I know it...
GOLD: XAUUSD Update
Gold is now testing the first resistance line at 1281 whilst DXY
is holding stubbornly above 93.99-93.94. Gold cannot rise
whilst DXY holds up. It needs DXY to break below 93.94 now
to fire gold as high as 1305. Suggest taking profits here and
only going long gold again when 1281 is broken on upside by
100 pips and it's confirmed by DXY...
Bitcoin: BTCUSD
This should stay fluid for a while yet, giving day traders a
great space to trade in... a break below 6000 for a move back
to 5747 (can take 200 or so points on that long from 10
minutes ago now if you want...just trade from line to line
shown on the chart...we're looking for a double bottom today
to sjow loss of downward momentum and give a...
Bitcoin BTCUSD
need to be carefulnow to watch htis isn't turning here by making a right shoulder off support at 6300...
Earlier, it was noted that 6300 marks 20% from the top, standard text-book stuff. It's Ok to fall 21% intraday, but not
fall more than this (19% to 21% is standard stuff, right?) - well, spookily, 21% off the top is 6240 - and the low so far is...
This coin reminds me a lot like $XLM before it had its massive run in April/May. Notice how it rides its trend line really hard with big test wicks on the upside. These test wicks often give clues to targets or potential moves so be on the watch for this coin.
0.618 of the recent hi-low and confluence with the 0.382 of 12 days min-max in a bullish pennant.
*take profits may change*
Go check out my profile for more and to be update on this trade!
The company's recent efforts to launch new product is boding well for sales growth.
An emphasis on cost management and operational efficiency should boost profits and margins.
I believe the company will beat earnings and raise guidance.
I have a $5.50 PT for the post-earnings move with a 2 month time frame.
The clearest bull flag so far!..
Massive profits upon you lads!
Entry: before the flag pops up ! (which is between now and very soon)
potential profit: 30-100%
Good luck
