Strategy Overview: The Frequency Formula
Our trading strategy, "The Frequency Formula," is built on cutting-edge Fourier Wave Transform theory. The strategy utilizes four unique indicators: the Frequency Formula Chop Indicator (FF-CI), Frequency Formula Trend Indicator (FF-TI), the Frequency Formula Volume Indicator with Combined Ratios (FFVI-CR), and the...
The trend is currently down. A possible head and shoulders pattern is forming. The head of the pattern coincides with previous strong rejection. This level will most likely be defended again if the price gets near again. When the price reaches the neckline or even further, wait for a reversal pattern, such as the double bottom, etc, then go long. First TP better...
The PEAD projected a bullish outlook for $CE after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 83.33%.
A brearish trend is applicable.
Short entry as close to 123.80 as possible.
Increase the short exposure for a break below 120.40.
Profit target is set at 113.65 (wave a)
Stop-loss set at 128.90.
Keep an eye on the 200-week and 200-day moving averages, which might act as major support.
The PEAD projected a Neutral outlook for $CE after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
Hello guys
According to the chart you can see the price is moving downward trend and it has need more correction to have good R/r then we have permission to take short position until the target.
You should take signal at first then dont forget use stop loss and observe to your capital management.
Take a look on volume guys dont forget to check it, And dont...
Scan Criteria
Does this stock meet my custom 12 point scan criteria? Yes, came through on my 40/40 Sales and Earnings Scans
Structural Checklist
1. Can a proven price patterns be identified? Yes, Inverse H&S / CWH
2. Is the 50D SMA trending up? Yes
3. Has price moved >20% since its last consolidation? Yes
4. Is the weekly RS above its Zero Line? Yes...
Celanese Corp: Take Profit +5%
Pre-earnings, this is a level to take profits ($165.65)
Original idea attached.
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CE looks like it will weaken taking price to the 132 area. Needs to break its 200 day, but as its the second time in a short duration, probably has more success.
Note, it had two bearish engulfings in a row.
