I'm publishing this idea with my older brother in mind due to him bringing this Marihuana stock to my attention a couple months ago. I'll try to be quick, but even though I don't like picking sides I will say that I'm more bullish than bearish for a few reasons so let's begin! Confluence (3 or more): 1. P.A. retested HTF resistance turned support for 1st time...
Nice bull run, huh?! I can honestly see Bitcoin reaching $20,000 before the end of 2020 IF it can keep this bullish momentum going. However, the bears don't want you to sleep on them just yet because there's some barriers waiting up-top and P.A. is currently stalling at the moment. Bears: I would wait for a B.A.R. of the $15410 level to short down to...
This is my take on what I see, technically. Confluence (3 or more): 1. H.T.F. continuation order block formed. Bull's favor. 2. P.A. heading towards order block after B.M.S. 3. P.A. breached previous LHs. Precursor. 4. Bullish Wedge currently forming from H.T.F. perspective. 5. P.A. rallied after O.B's 1st test. I would look for price to break lower before...
This honestly seems pretty self-explanatory. Simply put, I would wait for breaks in market structure along with returns to continuations in order to participate in price action's movements.
H&S Pattern developing on the FANG index, I expect we drop 20% from here to retest the bottom of the channel.
$WEAT breaking out of long term downtrend, formed big base-double bottoms, now price finding support at $6.
My two scenarios from a monthly perspective. We shall see..
This is my view on the British Pound/US Dollar from a weekly perspective. I feel as though the tide is changing for the Sterling, FINALLY. The #1 indicator that'll never fail you is Price Action itself, and since we know this I'll share my thoughts as to why I believe it'll eventually head further up. Confluence (3 or more): 1. GBP had bottomed out, but...
Here's something I'm currently working on with the British Pound/US Dollar. Why do I believe that Price Action will head further down? 1. P.A. broke a huge O.B. last week ($1.2980-1.3035). Precursor. 2. A new O.B. had formed ($1.3062-$1.3082) at the peak after breaking through the previous O.B. 3. The green candles underneath current price signifies potential...
This is my current view from the H4 perspective. After the break of the previous TL I took that as a precursor for what was to come, and shortly after entering the higher O.B ($94.58-$94.83) it was rejected. Once the bears entered the market I would look for breaks in structure along with continuations to join in on the ride down. I'm anticipating price action...
The market is at the low end of the curve of where price action is currently trading. I'm bullish on this pair, but I'll be even more bullish after there's a B.A.R. of the $9.8120. However, that may not happen for awhile unless there's some big news drop that'll help propel price to higher levels, but I would be anticipating some more bear action to assist in...
EURUSD is continuing it's move higher and has recently broken above resistance and retested as support. Price is above the 14 EMA. Risk 20 Reward 30 pips. Entry 9am. I am not a financial advisor. This is not financial advice. This is for educational purposes only.
Confluence (at least 3): 1. 2nd touch of diagonal resistance. 2. HTF O.B respected. 3. HTF O.B B.A.R. *Over 500 pips of potential profit margin underneath* Let's see how this one plays out.. stay flexible. Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
Nasdaq-100's Monthly & weekly analysis from a daily perspective. You have a zone ($11703-$12439) that formed at the high end of the curve and an even bigger one at the low end so there's a huge range of opportunities to be taken advantage of in this particular market. It wouldn't surprise me to see some upward movement into the zone up top before price action...
Monthly & weekly analysis from a daily perspective. It's extremely important to understand market structure in order to be on the right side while trading. Even though current market conditions is in the bear's favor, I'm bullish on DJI due to it's bullish structure from the higher time frames. Considering that my levels are HTF based, if scaled down you should...
I'll say that from a higher viewpoint I'm noticing that there's some nice potential profit margin underneath Starbuck's current price action. Besides the barrier at the low end of the curve, that $40 level looks promising IF there's a B.A.R. of the $50 price point, but I'm bullish once there's a B.A.R. of the $99. We shall see.. Also, if my analysis help YOU in...
I do not trade BRK.B. However, I would like to see how this plays out to these levels I set. I am ultimately looking for the bears to enter the market in order to drive price down to that huge continuation zone ($167-$185). If that does take place then I would utilize that area as a take profit. I would readjust IF price action heads further up so I would look...
NVAX is HOT right now. Earlier yesterday I expected a pullback, but there is no way of telling when the buy craze will end. What I'm monitoring from the chart: Momentum, to indicate a possible trend reversal - for now the momentum is still HOT RSI, also to monitor momentum and buy power - right now the buyers are in firm control Bollinger Bands, to monitor the...