After a gap down, the breadth of NASDAQ:DKNG might have changed. There was a broad trend channel forming since Sep 11 which might be broken with a low close today. If DKNG closes below 52.88, it will likely retrace to 49.68. If its channel holds DKNG could fill the gap formed on the 7th and continue in its sharp channel upward.
NASDAQ:ZNGA has quickly broken its levels and is moving in an upward channel. As long as momentum stays strong and bulls stay in control, ZNGA should have no problem reaching its next resistance levels. Things to watch are for a break in price channel and/or a break below the 100 SMA, this could be an early sign of reversal.
With battery day and the sell off in the past two weeks there is good chance NASDAQ:TSLA trades up. Break of strong resistance at 450 could activate the uptrend. Mixed volume this week as with most tech shares.
Bullish Scenario:
Price reject from the bottom line of the Trend channel
To confirm this scenario, the price must go above 2050$ level after reject
Bearsh Scenario:
Continue correction to 1975$ support level
This scenario is confirmed if the bottom line of the channel is broken
Thanks for your like and support...
Wall street with autogenerated Levels in the 4-hour chart.
I'm trading within the trend channel with a close eye on previously pivots and levels. Aiming for that the price will hit the lower trend channel. If we breakout on the upside, I'm looking for a re-test of the areas around the channel.
Waiting for the perfect entry!
/ Nicole - ProValueTrader
Good day, snipers. Here in AUD/CAD , price seems to reject the 50 EMA and support zone. Price also is nearly at the bottom of the up trending channel. Will be looking for price confirmations before going long on this pair, or maybe not. Signals about possible entry, TP, and SL are sent to students.
Follow me on tradingview for more ideas and sniper entries. If...
AUDNZD is traveling in a trend channel that's visible on the 1-hr chart. Price deflected off the upper guardrail today and, as expected, sank lower, solidifying the downtrend. The target for the AUDNZD is the lower guardrail on the channel. Since price is expected to go much lower, now is the time to catch the downtrend. It would be nice to wait for a pull back...
Good day, snipers. Here in GBP/AUD, we can see that price starts to retest the upper zone of the trend channel accompanied with a minor resistance formed that could lead to a double top formation. Wait for a confirmation first before going short. Also we are with trend so no longs for me now. Possible entry to be sent to students.
Follow me on tradingview for...
CADJPY Trade Review
I posted this Trade Analysis here on Wednesday. This trade was awesome. Price went up above the Weekly Supply and reached the top of the Liquidity Zone as i predicted in my previous post. The Banks and the big Institutions cleared the previous highs and the stop loss of retail traders who were in shorts (sells). Everyone believed the market...
Hey tradomaniacs,
GBP/USD is right now at a very crucial price-area and could either continue or change the trend.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
Will continue to look for bullish momentum in the coming week. Caught 210 pips on this move with 2 positions. Initial position went into a tad bit of drawdown but, ultimately played out perfectly.
Hey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Market Sell: 1,78600
Stop-Loss: 1,79600
Target 1: 1,77600
Target 2: 1,76880
Target 3: 1,75860
Stop-Loss: 100 pips
Risk:1%
Risk-Reward: 2,7
LEAVE A LIKE AND A COMMENT - I appreciate every...
After strong rebound from pandemic-induced drop AUDUSD will resume downtrend.
It could still go higher, but I believe it will at least reach 0.6 again, before we can talk about long-term trend reversal.
Neglecting the Corona Virus fear spikes, we can notice that the minor bullish channel that the pair was trading at before the spikes was clearly broken with a decent price action as the channel was broke then prices retreated to a strong support 106.700 after that made a retest to the lower edge of the bearish channel. Now prices are more likely to return to trade...
First of all, I don't think that we have seen the low in this stock, but I expect this company won't be bankrupt. So I'm waiting for a good buying chance. I won't get all-in in the falling knives, I am not a bottom finder speculator so I will buy 2 or 3 situations to create a good average price in addition that, I will diversify in lots of stocks by building up a...
