We've got a very simple trade thesis today! AMC has been consolidating for the past five months after it's insane run to 72$. After such long consolidation, we're finally nearing the end of our wedge, meaning AMC is primed to make a large move to the upside OR downside.
I will be eagerly eyeing this ticker, and will play a break to either direction as I've got no...
Hey guys, couple days ago, I published a elliot wave cycle, saying LTC was about to start elliott wave cycle, LTC formed a falling wedge and just broke out from the falling wedge. Now we need a solid candle to stay above it. That is a good news. It might signal that the 4th wave might have completed or has almost ended and 5th wave is about to start soon. Please...
Hi All, my main 3 take-outs from this analysis are the following:
1- The hourly chart shows RSI in oversold territory with high chances of a rebounce
2- Price might be retesting the resistence at arund 4.60$ in the next days
3- Still valid the possibility of an upward breakout of the descending wedge shown in the daily chart
Not a financial advice, just...
ONE is on the second wave of Elliot
You can get one at 0.273 - 0.284
Going for the 3rd wave really soon
TP 1 : 0.35
TP 2 : 0.40
TP 3 : 0.50
P.S : Please beware of Risk Management and Money Management before trading
BA gapped out of the pattern, a strong signal, and made a nice bullish candle on strong volume.
We'll be looking for this move to continue.
Related idea linked, almost entered on friday, but didn't quite cut it.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Levels on Chart
SL is a daily close back in the...
We came out of a wedge and followed Pullback's pattern, expecting to have a correction of at least $ 1833. The hourly and daily time frames also confirm our movement.
I will be happy to support me with your likes and comments.
The price action of the USDCNY pair has been range-trading since the 16th of July, as underpinned by the ADX indicator. Bearish pressure has been slowly accumulating over the same period, which is illustrated by the current reading of the Stochastic RSI indicator.
The price action is likely to reach a new dip at the 23.6 per cent Fibonacci retracement level,...
Had not heard of this company until today. Technical set up made me do a quick look at the company. A transformation makes sense to me.
Earnings this week
Cutting edge COVID testing technology
Bullish market conditions
Boeing is looking to breakout the downtrend here. It has been doing this pattern and breakouts ever since the covid crash and we have another instance here. BA has consistently been creating these downward wedge patterns and breaking out.
With the increase in vaccinations and covid issues starting to decline, and businesses and travel opening back up, this could...
If we consider MANA past leg , chart gone from 0.6 to 4...
We see a Ascending Channel Pattern
Fibo is saying everything ()
TP : Fibo extention of the break out leg from wedge
SL : Fibo retracement
Note : As always this is just an idea open positions at you own choice of risk
PAR Government Systems Corporation , a wholly-owned subsidiary of PAR Technology Corporation (NYSE: PAR), today announced that it has been awarded a $490,400,000 ceiling, single award, indefinite-delivery/indefinite-quantity contract with cost-plus-fixed-fee completion and firm-fixed-price type orders for Counter-small Unmanned Aircraft System...
NZDUSD broke out of the falling wedge, then it tapped the head of the range multiple times and then reverses.
Resistance turns to support on the wegde pattern.
Price finding it hard to break into the range again, will it break. touch the resistance of a new downtrend or the Bulls comes in one more time?
Anticipating a clearer view....
A descending trend line since the ATH yesterday is visible on the hourly chart with multiple spikes occurring due to pump and dumps and/or covering of short positions (though I have not done enough research on short interest on MANA - likely bag holders are exiting positions with each new spike). $2.557 seems to be a crucial price of supply meets demand since...