needs to bearish retest $20 before dying needs to reclaim $20 before moon win/win
What do all of these have in common from March 15th 2020-June 9th 2020?
After a down week from a quick pop rally, we have a strong bullish candle right before the end of the week. Day to Day volume of trades remain high which keeps volatility high. Looking to see how price plays near this support of the channel will help determine our next trade from here. Based on standard deviations one can be able to determine the next highly...
Looking at #GBPUSD for the week(s) to come. Weekly timeframe we see price reaching the neckline of this W formation and then going back up. Of course we need to have confirmation about this happening thats why we will monitor price action on the 4H timeframe to be sure of when to enter the market! Patience is the best virtue you can have with the market!
United Airline has dropped down from its all time highs and is currently being pushed into this channel range that price is creating. As volatility drops dramatically the potential of massive spikes reduces and we can start to look for opportunities to trade most consistent and less volatile markets
Pretty straight forward. United has been building this descending wedge and it has plenty of room left to consolidate down. It failed the breakout today with a gap up in the morning. Also a bearish divergence on the RSI. Shorted after hours at 25.43 for the weekend
Buy the stock in the zone of 520-10 keeping a stop loss of 495 for a targets range of 550/580. Holding above 580 it will reach to the target area of 610.
4H Chart Explanation: - Price bounced on the Weekly Ascending Trendline and broke the Descending Trendline. - Now, it is on a Corrective Structure. - If price breaks it, potential to move up towards the Fibo Zones. Weekly Vision: Daily Vision:
Colors Red = Sell Green = Buy Gray = Do nothing Orange = Small short till blue Blue Institutional buying = already happened at least once Pink = Probably Bankruptcy or something at least in 2020 prices that low I would be worried lol IF the earnings report gets crushed it will go back down probably to the blue zone so keep an eye out big time. These gray...
I will be looking for $AAL to follow this falling wedge downwards and likely lag till earnings. Earnings may cause more downside. Wall Street Journal EPS Projection: -$1.83 More realistic EPS: -$2.47 I believe revenue projections are heavily understated as shown by Ford. $UAL has quarterly revenues under 10 billion and predicted a revenue loss in march alone...
$AAL coming up on resistance, looking to see what happens Monday, expecting the price to go into the $13s and will be looking for a short entry around $13.50. Target Price: $9 Stop Loss: $15.50 Will likely be going with an option for this trade. Buy Put May 15 $7 strike @~.40 BOL
JFK is closed. Nobody wants to fly. No reason this stock shouldn't be trading at $5. Maybe $10 with stimulus, which is my prediction. Puts down to $10.
Airlines are currently taking a beating and Throughput is decreasing drastically each day. At the beginning of March throughput via TSA was recorded at 2,280,522. On March 31st, throughput was recorded at 146,348. 68 TSA screening agents have tested positive for COVID-19 and Airlines will continue to suffer while throughput is low. This makes for a great time to...
US is still on exponential growth curve confirmed cases (no signs of deceleration).
4H Chart Explanation: - Price broke the Ascending Trendline and started a huge down move. - Price broke the Support Zone (Resistance Zone now). - We are expecting a correction that allow us set a trade towards the next Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
4H Chart Explanation: - Price is on the Ascending Trendline. - Two possible paths from here: a) breakout and continue the down move. b) up move towards the All Time Highs. - Wait for a confirmation that indicates which of the two scenarios is the correct. Weekly Vision: Daily Vision: Updates coming soon!
After a month of sideways action, UTX broke to the upside to resume an uptrend. UTX candlesticks lengthened just prior to the run up.