US30usd TRADE IDEA
Looking at the break out of the flag
Waiting pushing down on the 25736.6 as the first target and working its way towards the 25555.4 as the second target.
Needs to break the 25958.0 in order for all of this to play out.
Target 1: 25736.6
Target 2: 25555.4
**PROPER RISK MANAGEMENT NEEDED**
**PAST CHARTS DO NOT GUARANTEE...
Alibaba BABA stock has triggered long with with 200EMA as a support. At the moment as long as the stock hold above the 200EMA I will be comfortable with the trade till the Target hit.
You can enter now or wait for a retracement towards 170. Personally Im long from 166 levels from initial signal.
If this has a End Of Day close below the 200EMA and break that...
Over the past how many months, especially on Tradingview, you have heard that Tilray is going to make some epic comeback just because how exponentially negative and horrific the chart and trend-line looks. But will it? The short answer is: yes, but not for a while.
As I have said many times, you cannot just focus on trends to determine a stock's cycle. In terms...
FACEBOOK has put a reversal signal after breaking above 200 and back below a key level around 197-198. It has made an effort to close the unfilled GAP at 217 levels and failed and broken through a key level at 197.
On top of that FACEBOOK has put a bearish confluence with the momentum and the price action.
Also it has significantly moved away from the 200EMA...
NASDAQ:JKHY may experience more downside in short term. Stock looks relatively weak in 2019, and after reaching corrective waves retracement targets, may go much to ~110$.
Entry: below 135.4 (or current level for more aggressive and less reliable trade)
Target: 110-120 (depending on how trade developes furhter)
AS PRICE LAST WEEK WENT DIRECTLY UP WHAT I DIDNT EXPECT, WE COULD BE LOOKING NOW AT THIS SETUP.
I BELIEVE NOW MARKET MAKERS HAVE ENOUGH LIQUIDITY TO CHANGE DIRECTION, AS MANY BUYERS WILL BELIEVE WE BROKE OUT AND COMING BACK FOR A RETEST TO CONTINUE.
BUT BE AWARE AS WE HAVE ALSO FUNDAMENTALS COMING ON THIS WEEK ON USD.
USE ALWAYS GOOD RISK MANAGEMENT!
Micron reached nice levels where to start building short position.
In worst case scenario $MU may fall as far as 70% from current levels, which is not absurd, given that the company is very cyclical, and global economy risks entering recession.
More prudent approach is to wait when bear flag would be broken below 40$, however, given current overbought level, MACD...
Yesterday NYSE:CDE broke through bearish flag and is now targeting region at around 4$, based on the symmetry and current chart structure. There it should find strong support, for the move higher.
Potrential trade: Sell short @ 4.60-4.70 region
Risk/reward: 2 to 1 or 3 to 1 based on the entries, which is reasonable.
Dow Jones Transportation have just finished their wave 5 cycles up. Which means we are in store for a larger correction down. There we are looking at retracements to the 0.382 fib at 7800 or a 0.5 fib retracement at 6700.
If transportation were to drop, the SPX and S&P is going to drop too. Transportations has always been a early warning regardless to do that.
3 on mt4
Head and Shoulders
Evening Star / Bull tweezers
Red MA Cross Over
Quarters theory 750 zone *
3's 1hr-daily, 2 on weekly *
Long Term uptrend
Daily Divergence *
3 Strong hits *
Rejected off Pivot for awhile *
61% is lining up with pivot, and trend line,
The first 150 scalp will most likely complete within the opening of London session,...