Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 18.6/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance....
Key intakes on this market: - Downtrending with a neat series of lower highs & lower lows since mid 2021. - Under normal circumstances this would give us a short bias. Howevers the price happens to be trading at/near a long term key demand area (run a volume profile of this market you will see that this is the most congested area). - Momentum trending...
Can the price sustain at this level range? My suggest entry for best RRR.. clear see on chart using immediate support and resistance.. for long term TP im using Fibo Retracement.
The ascending broadening wedge pattern hit the target to the downside so correction may be complete. There is also a harmonic pattern that hit the 1.272 and that would be D if, in fact, I placed X at the correct level. I see confluence at this level because it hit bottom at the target I set for the broadening wedge pattern. But placing X for a harmonic pattern...
boom company has exploded last week .. is it late to chase that b*tch?? I would say "DON'T CHASE THAT B*tch" .. "Never Chase B*tches"
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$BOOM DMC Global - finding possible resistance near $43. Expecting a correction in the medium term, back to the mid-30s or lower. See chart Fibonacci levels for possible targets. $SPY $QQQ $DIA
Already hit the resistance at $27.60. Looks to continue its uptrend towards the next resistance at $27.60. Should be able to profit for 3% at 27.55 or 5% at $28.08
Why I bet for a resistance breakout, if there is not happen yet and that puts me in a position of fortune-teller Since I have as a rule to publish confirmed, resistance breakout and there is not happen yet But I not making a stock market prediction I am in the now and I am a trend follower with a price action orientation and I work and interpret the info that...