Nice bearish widening wedge playing out and bouncing between these Gann fan and Fibonacci fan levels. Don’t know how long this pattern will last, but I’m expecting a breakout towards the downside. If your planning to play this set up. Use SPXU as the underlying asset. SPXU is a (•-3) exposure to the S&P 500... so calls=puts.
TA explained
TRB consolidating just above broken resistance and "around" the neckline of the W-formation.
Trade setup
Best entries: 35.681 - 38.350
TP1: 42.373
TP2: 48.003
TP3: 54.764
SL: 32.371
RR: 3.86
Max leverage: 1x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
I have highlighted the double bottom formation as well as the VERY BULLISH GREEN DOT ON EVERY TIME FRAME UP TO 3H (should appear on the 4h and greater soon!)
The RSI is in the 30 range and the trigger waves are signaling a reverse trend about to go down! GET READY!!!
Theres are the next 4 price targets within the next 12 months. Company used financing to expand fleet to 8, the dry bulk industry is primed for a bounce back year after Covid-19.
The stock is at alltime lows, in a downtown trend. However it has strong support! The chart pattern is a falling wedge bullish reversal. A breakout is strong.
The company had a rough...
Like you're seeing, we're witnessing a bigger falling wedge and which has already broken the triangle on the 4 hour chart.
This is bullish and could back get it's high towards 0.0027$
Long term 0.07$ and beyond it's all time high around 0.70$
Follow and share my idea.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
NOTES:
- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea...
Not much to say here. Grayscale likes it, so do I!
Buy it and forget about it. long hold, currently entering Mark-Up Phase.
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If you must:))
Very nice falling wedge!
return to mean at $3.45
Monthly Stoch RSI going nuclear!
Monthly MACD just getting started!
No Disclaimer
What I see!
NzdCad taken stops and moving down! Make sure you have your own rules on RR and follow them. This is just a trading idea to help you/ give better knowledge. If you have any question ask me in comments.
Learn & Earn!
Some very rudimentary trendlines & upward pointing wedge for DOTUSD.
DOTUSD should follow closely the expected breakout upwards of BTC in the coming weeks/ months.
For a detailed understanding of Phoenix Ascending, thanks to @WyckoffMode, please view his detailed videos for an explanation for timing entry/exit into the market using these type of indicators.
...
EGLD has strong support line on the blue area, tested the lean resistance couple of times that has narrowed the chart on a breakout, the problem that I have is only the low bull volume.
It may has to drop down to the green support line or it may just have a breakout from there
3/2/21
$SWK - Stanley Black & Decker - 2.6% Gainer
Catalysts:
1. Lengthy and now tightening consolidation of price in wedge formation, set up for reversal.
2. Stock is trading significantly below the Price Targets (PT) given by analyst upgrades and reiterations over the past couple months.
UBS - Buy - PT $227 --> $241
Citi - Neutral - PT $203 --> $215
Credit...
3/2/21
$CCL - Carnival Corporation - 4.865% Gainer
Catalysts:
1. Macquarie analyst Paul Golding upgraded Carnival Corporation (NYSE: CCL) from Neutral to Outperform, PT $31.00.
2. Carnival's (CCL) Holland America Line Opens Booking on 2022-23 Cruises That Visit Exotic Locales, Ancient Cultures and Untouched Wonderlands
-I'm going to be taking a look at some...
