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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
The PEAD projected a bearish outlook for $ING after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
ING Groep - Intraday - We look to Buy at 8.484 (stop at 8.169)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
8.500 continues to hold back the bears.
8.193 has been pivotal.
We look to buy dips.
Dip buying offers good risk/reward.
Expect trading to remain mixed and volatile....
ING is still in a clear downtrend, waiting for it to retrace to the area between $6.85-$7.33. That's where I expect buyers to step in and it's alos a high volume area just beneath the value area. A third touch of the trendline is your signal to go long.
ING Groep
Short Term - We look to Sell at 9.90 (stop at 10.24)
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 10.00, resulting in improved risk/reward. Trading close to the psychological 10.00 level. Price action is forming a bearish flag which has a bias to break to the downside. There is scope for mild...
As for ING we are gaining back what we have lost from the corona period. It is a strong bullish momentum, therefore you should watch out for a strong pullback breaking through the area of support. But technically seen this area of support is an interesting buying opportunity.
ING had a nice pullback just now, it is now at the point that was a 3 time resistance before after the covid drop, we can build support here a few days in 2020 and then 2021 go back up.
It is a good risk/reward of 1/1.2 so buying seems useful.
Getting ready to cross the SMA10 on the Renko chart, having OBV trending down. Once SMA10 is crossed and OBV continues down, there will be great short opportunities.
About Renko Charts
A Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and standardized time intervals like most charts are. It is...
Had a great run with INGA, then the sell-off from the top.
Stochastics on weekly say we have downward momentum still. INGA is holding at the first green line (support) and if it breaks will move to the next green line (1 channel lower) if that breaks.... etc. etc.
If INGA manages to break the red resistance line we will have a breakout and can go in for a swing...
