Weekly Watchlist 2/7 - 2/11Check out what stocks we are looking to trade this week!
NASDAQ:LULU
Looking to take a breakout over the $355 level
Targets: $360, $365, $370
NYSE:TGT
Looking for a break of this wedge pattern and a move over $223
Targets: $224, $225, $226, $228
Keep in mind I will not be taking these trades if AMEX:SPY is still range bound between $453 & $444
Technical Analysis
A pullback on Bitcoin. When should we enter?Like we've already said before, Bitcoin is currently in a strong downtrend which will most likely continue even lower. When there's a clear direction in the market, we don't want to trade against it but exactly the opposite. Therefore, we're only looking to sell in this downtrend and that's why we're patiently waiting for this pullback to end. In the video, you can see where exactly is my potential reversal zone and that's where I believe we will have an entry opportunity.
If you're a swing trader yourself, then I would suggest to be patient and wait for the right moment, rather than trying to be more active and looking for long opportunities. Again, trading with the main trend gives you a higher success probability. The targets of 25K I think are very possible and once reached we can then talk about what's next for price. Overall, when it comes to long-term ideas, obviously we're expecting that price will reach much higher levels but that's not the case while we're in a downtrend.
Good luck everyone and don't forget to like and comment below this video!
LUNA Coin Trade Strategies Discussed#LUNA #WLUNA Price action, buy in range, swing trade targets discussed.
2022 SPX/Index Prediction Continued, Will We Get a Pullback?So this is a follow up on my short fractal idea I posted last month. So far we are still seeing the short pattern develop BUT on the longer time frames we are still bullish and in an uptrend. There really isn't a big red flag yet in this market other than if you really pick through the internals of the market. Not to mention so many of the high flyer tech stocks are down 50 percent or more from their highs. I'm still potentially looking for a pull back into the 4300 area but I will continue to watch this closely to get a better idea as to what the market wants to do here. To be honest we have been in an observation period since the beginning of December trying figure out where everything wants to go. The index's are starting to look a little exhausted, but that doesn't mean we just fall from here. Its more of a critical time to watch and see what the smart money wants to do here. Stay safe out there. I will continue to update this idea.
Bitcoin - Is a 20-24k in the cards? 200 week ma & logarithmic In this video:
* Where must we close today/tomorrow? (0:00-3:30)
* Why additional variables outside of technical analysis only mess with good technical analysis (3:30-4:30)
* Is this really a valid H&S pattern? (4:30-6:30)
* What I need to see for further confirmation down (6:30-11:30)
* A look at the weekly chart - M pattern spotted (11:30-13:25)
* A logarithmic view (13:25-17:00)
* 200 week moving average (17:00-End)
How To Trade Sideways Markets-When trading a sideways market, I simply buy low, sell high with confirmation.
-Some of my best trade setups occur in a sideways market.
-If price has respected a high or low 4x times then why not play the probability game and say "the previous 4x times price has came high on the range the sellers have taken control so next time I will play the probability game and look for shorts if price gives me evidence of sellers". same thing for when the price is low on the higher timeframe.
HAPPSTMNDS stock is about to break the trend line.NSE:HAPPSTMNDS
The video is self-explanatory. Add this stock to your watchlist.
Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
EURUSD continuation long trade ideaSorry I kept it short as it wouldn't unload previously, but what I'm looking for is rejection from around that new supportive area of 1.13800 for a continuation move to the upside. Obviously you want to wait for confirmation once price reaches that area before looking at taking a trade but what I've got highlighted is pretty much what I'm looking for.
MACD + VWAP Strategy tip DAILY PRIMERHey traders!
We are LOVING the volatility this week! Volatility is vital for day traders as we have many breakouts and short-term impact moves which allow us to profit!
In todays Daily Primer we talk about 2 indicators we use, the VWAP and the MACD.
There is some uniqueness to the way we use these indicators and this video explains a little bit futher!
To learn more see our signiture!