Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 61.3/61.80% 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 : C 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....
FAS is one of the Direxion leveraged ETFs focused on the financial sector. As can be seen on the 15 minute the price action has had increasing volatility in the past month. Increasing volatility is the hallmark of the megaphone pattern ( a megaphone is a cone like hand held plastic device used in the old days before bullhorns and other things to amplify voice...
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 58/61.80%
Leveraged. Appears to be a shark and the 4th leg, if it has finished, terminated at the .886. Valley 2 is lower than Valley 1. If this is a shark it will reverse at the .886 or the 1.113 of OX. No recommendation. Direxion Shares ETF Trust - Direxion Daily Financial Bull 3X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed...
Possible bearish shark. Valley 2 is lower than valley 1. Price has turned, for now, at the 1.113. I left this line dashed in case this 4th leg has no terminated yet. Doji of indecision today after a gap down at open. No recommendation. The opposite, or bearish version of the financial industry is FAZ. These are leveraged ETF x 3. No recommendation. Direxion...
FAS one more green week and we should be at extreme resistance, longs should be extra cautious moving forward after that! potential targets are 105.55-132.09
s3.tradingview.com Weekly Stochastics in bullish range Right off market correction
In oversold region - but still in uptrend. Can wait for price to come out of oversold area. VIXFix at peak - showing linerar regression green. Can wait for it to turn lime. Bounced off support area + trend line Positive divergence on OBV
This 3x bull of XLF If XLF will pull back 15% FAS will done about 30% RSI Divergence on Both XLF and FAS Short 111 Stop 120 Target 77 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan should be less than 1% of an account.
Buy FAS - EMA lines are crossing AND the MACD lines are crossing AND the RSI line is trending up.
Since the March sell off, this stock has created two major regression trend channels. With recent catalysts to include vaccinations, stimulus, and upcoming earnings, a bull flag has formed at the regression channel and double resistance breakout. This stock will be $100+ within months IMO
Finance sector was little bit lagging but now its starting to rise dramatically!
Looking at the long term picture, we did not have a clear B wave bouncing during the March crash, that could suggest a full ABC retracement was completed. We could possibly be rejected at the upcoming Fibb levels, particularly around 50 and 61.8 retracements around 61 and 71. MACD divergence is also negative, which could suggest an impending correction, the extent...
Id say markets are meant to make a human feel every emotion.