enjoy trading with elliotwaves, patterns and break
Hello Community! Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more! Lets keep it simple. When you look at Macy's Inc on the monthly its at the ultimate all time support! You might not get another chance to enter at this sweet level for a while. With that being said...
The strong bullish movement has culminated in the pair breaking out of the strong horizontal resistance, and also of the diagonal falling channel resistance lines. If the breakout is confirmed and the daily candle closes above both levels, then a move up towards two red resistance lines is likely. However, if it does not close above the levels, then, it might...
Congrats to those that took a position on VET as it broke previous resistance. Now approaching a major target. It will be interesting to see if it continues to press north or finds rejection at these upcoming points. A rejection may create a possible entry. (I'm still long on this project but would increase the bag size if the opportunity presents) As...
- has to stay around 200 MA - trend is bullish - $22.70 really strong resistance , it might go up to $27 range as soon as it breaks $22.70
73.6x is the clear base for DASH for long term. It should start the next move from here. Up or down, who knows? This analysis is just for testing my new indicator. The above references an opinion and is for information purposes only. It is not intended to be investment advice.
SPY is unstoppable, for whatever reason it may be. However, a major resistance level has been reached, and one might try their luck at shorting spy here. No directional trades, options only. Be careful and measure your risk reward. Like and subscribe for more trades. Wish you all best of luck in your trading!
This might be the case for gold. I'm waiting for the breakout and will consider entering a trade. Let me know what you guys think, share your ideas with me please let's help each other. :D
I have been experimenting with diagonal support/resistance analysis, and I find that I get a lot of confirmation in back testing and prediction, so I want to share my thoughts to see what others think of it. Also learning that confluence points of diagonal support and resistance lines tend to act as support/resistance. The pink lines are, according to this...
Let's see if USD/CAD can break this resistance. We have to wait for confirmation, but there is a high probability for the start of a downtrend. Follow me for updates and more ideas!
When looking at the weekly we clearly have some very old, strong fractals. Remember macro pattern/fractals are MUCH stronger than micro patterns. We have been bullish for the past few weeks, time for a few weeks down. Will be holding my short for couple weeks. We might even get a break out on the bottom side. Expecting a wick out of the fractal but not a close...
4 HOUR - Rejection of the descending trendline, 100MA, 200MA and the 0.71 FIB. Failure to close above the resistance.
buying small part here on resistance maybe small swing low and than price will close above this resistance than 15$ , 16$ bring it
There is high probability for short on GBPCAD.
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, here are my few cents. Delta Drone is at one of its lowest prices, and recently had a minimal bullish run. However, I think at this price, they do have long growth potential, especially if they get a government contract. It may be...
Failure to create a new higher high, failed to close above the previous two resistance areas and descending trendline. Entry likely around the 0.618 FIB area if it rejects
Following my previous post, I can now suggest a more accurate entry point where we may consider taking a short position. Not gonna lie, this is a rather complicated situation we find ourselves in...Personally, all of this seems like a huge retracement wanting to close in very soon, and we are approaching a crucial resistance area which should be taken into...
NZDUSD is trading in channel pattern. it may continue its trend channel pattern. If it breaks the channel pattern on either side, we might see small profit booking as pair already given a price rally. So, we might see consolidation in price at resistance or support zone level. Like/Comment/Follow For More Idea Note- Trade With Proper Risk Management System Only Thanks