Hello ! Key points Triple bottom pattern Price rejection Significant support zone Hourly chart : On that timeframe, we get a confirmation from the price rejection we see on the daily chart. The stock gapped down, triggered stop-losses and panic selling. Afterwards, we see a wide bullish candlestick (kind of "Tweezer Bottom") that has approximately the same...
NASDAQ:AAXN There are two fairly strong signals on AAXN. My first target is $77.50 then second target is $81. Got in some call options just before closing bell today 5/15. It may dip a little more before jumping up to $81+
Might be getting ready to roll over from here. I'm expecting a big pullback. Good luck and trade at your own risk
Hello ! Key points : Breakaway gap Breakout on high volume First pullback Volume sinks The stock consolidates within an ascending triangle, it gets rejected from that significant confluence zone (circled on the left). It makes higher lows but not higher highs, buying pressure slowly builds up, people gain in confidence and are willing to pay higher...
Hello and welcome to my Trade Idea of the currency pair USD/JPY. Let's start with the Top Down Analysis. Monthly: The monthly timeframe is in a clear downtrend. Weekly: We see on the weekly timeframe a trendline. We expect a fall like at the 24.02.20, let's see. Have a nice day.
Hello ! Key points : Double bottom Volume on uptrends > volume on downtrends Indecision + rising volume It all starts with the halfway retracement. The stock makes a new low, buying pressure kicks in, drives price up. The halfway retracement is the result of traders taking profits, see how the volume fades ? Anyway, the momentum is not enough to break...
Hello ! Key points: Triple bottom Rejection at support Spike in volume That price rejection actually tells us that people were afraid and panic sold at open, driving the price down until it encountered some buying pressure and price went back up. When gauging this candlestick pattern, it is important that : It is at a support level Occurs after a...
Price is currently within an ascending channel and has touched the upper trend line resistance for 2 times. Now, price is approaching the upside and might form a double top right at the 78.60% Fib retracement level of the large bearish move last Mar 09-19, 2020. However, if price breaks the 78.60% resistance level, we might see another push to the upper trend line...
USO continues to follow the purple downtrend I drew last week. The short term bull trend couldn't hold and today opened below the support levels (shown as 1st the horizonal purple line). I was able to get cheap $3.5 calls at market open, and could've taken a 75% profit but decided to chase more gains (bad move) and the market closed with my options up about 30%...
Looking for a good buy signal on EURJPY . good luck Traders . Comment would be appreciated . Thanks
Awaiting bullish pressure before entering this trade, current bearish momentum could see price break below current support.
Minimal risk swing. Happy to take a stopout + re-entry
It can pull back to $100 and if it doesnt hold 100, its a bull trap and time to short. If it holds, then 115 is the next target.
Watch out, if it turns out to be true, then target 59 soon