RES is inside the pennant which is a neutral pattern.
Our strategy is to wait for a breakout and then take a position.
Targets both for longs and shorts are shown on the chart.
Good luck.
Trading idea - Entry point > 6.8/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : 1
A) Keep rising
B) Hit the bottom
C) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback...
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working pretty well!
2. globally down trend locally uptrend
3. the level confirmed by 2 false breakouts
4. distant test
5. approached with big bars
6. there was a sharp approach on m5
7. no rollback
8. from that level continued strong move down
9. enough room for a move 1...
Price is trending upwards. It has been retracing up to the 70% Fib level for the last several swings. Go long when price takes support on the trend line near the $5.18 price point, stop loss near $3.68, and take profit near $10.25 at a strong resistance level as seen on the monthly chart.
Classic Inverse Head & Shoulders bullish idea.
Enter long at green(you can enter at first green line or second green line), exit for loss at red or exit for gain orange lines(you can exit at either orange line).
DISCLAIMER:
I'M NOT A PROFESSIONAL TRADER AND THIS IS NOT A TRADING ADVICE.
MID-TERM: Bullish gartley AND bullish crab potentially double bottoming at the same PCZ level, which is a historical area. Daily classic bullish divergence on the RSI. (not financial advice)
RES is in a multi-month rising channel.
Broke a smaller falling channel after testing the multi-month rising channel.
- Also broke through 50MA
In the next few days the price will test $5.36 resistance.
The price needs to flip the $5.36 resistance to support, if failed to flip price will likely roll and retest multi-month rising channel.
- 50MA also being tested...
$RES rallied a further +3.99% to close at $6.77, putting it on a spotlight for a second re-test of its resistance turned support at $6.80 range that was highlighted previously. Wednesday’s closing affirms a higher angular (in momentum) trendline support for $RES, putting it in traction to re-test its Month’s high closing of $7.16 that was established during the...
Bullish Flag
Pros:
Volume during post forming
Descending volume during flag formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 5
250RSI above 50
200MA ascending
Target:
PT = 6.82$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Stay Humble, have fun, make money!
With $SPX suffering a further correction of -2.6% as investors begins to worry about rising yields where the benchmark 10-year U.S. Treasury note briefly crossed the 1.6% level, $RES rallied a further +8.31% to close at it’s 52-weeks high at $6.39. The total cumulative rally from the breakout of its 3 months trend channel stance at +39.33% in less than 19 trading...
Use the low of .04982 ; use the high of .92756 & project out from there and these critical levels present themselves
acknowledge the strength of these gann levels
manage your own risk
gl hf
xoxo
snoop
I'm longing @ approximately 9.71 with a long term target of at least 13.00
Tight stops.
Arguments:
1. Expanding diagonal identified (zoom out).
2. fib relations are respected in individual ABC waves.
3. 5th bearish Elliott wave withing wave C soon completed. (minor EW 1-5 as shown on chart)
4. Bullish divergence noted on the RSI charts
5. Volume and price action...
