Up Channel Breakout with a large inverted ascending scallop formation
Inverted ascending scallops are a bullish pattern, and will likely act like this as a support is found above the channel
My models say the Fed cannot raise rates beyond 0.5 points tomorrow or they cannot be trusted in the future. We should see a quick rally to end this week and perhaps begin next week, before the reality of $6+ fuel prices set in again and we continue the bear market.
Based on historical movement, the trough could occur anywhere in the larger red box. The final...
The PEAD projected a Neutral outlook for $TXN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 57.14%.
NASDAQ:TXN
Texas Instruments is about to break weekly cloud support.
Over the past twenty or so years, price has completed or nearly completed various inverted arcs.
I listed various targets based on Fibonacci retracement levels.
I tend to think T2 61.8% retrace level at $135 is the most viable target level, with support from the pre-Covid crash...
This is such a nice short setup. Risk/reward is excellent. If you've ever wondered what a good short setup looks like from a price action perspective, this is it.
The U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
54% of TXN Texas Instruments revenue comes from China.
My price target from TXN is $134.
Looking forward to read your opinion about this.
The PEAD projected a Bullish outlook for $TXN after a Positive over reaction following its earnings release placing the stock in drift B.
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The stock seems to have reached a local high and seems to have reversed the trend. That nasty gap down is not a good sign at all. If it's followed by a sharp sell of (drift down) it could indicate that heavily invested entities are dumping their shares. I wouldn't suggest going short just now. I will come back to this in a week or 2 to re-evaluate the situation.
Hey traders,
Just clicking around and found a funny line.
Strong fundamentals - Yes, they are taking on some debt...but it's calculated.
Will always be required for math
Retracement incoming
Obviously, market is wound up and hard to tell which way it will go (go look at SPX ). I think there might be a couple of good retracement plays here. Long @...
The PEAD projected a Neutral outlook for $TXN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
in weekly up trend
Wedge breakout + retest
Wedge bottom line (trendline touch 6th)
Entry 186.5
Stop 183
Target 210
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Entry price: 199-201$
Target price: 186-189$
Bollinger bands: the price approached the upper boundary
RSI: bearish regular divergence, therefore, the price retracement is likely to occur
Stochastic: the asset is overbought
Candle pattern: bearish engulfing
Conclusions: All indicators suggest trend reversal in the near future. Thus, the short position is...
TXN has formed a clear breakout pattern. Price has a clear shot at 200 or higher if the market provides support. Stock needs to hold the tan box. If it gaps up premarket I will wait for a pull back into the box.. Watch for a false breakout given the recent market weakness. Any move back below box would void the trade. Targets are the fib extensions above.
![TXN: $TXN Is prone to fall... [TEXAS INSTRUMENTS INCORPORATED]](https://s3.tradingview.com/z/zn6b08kY_mid.png "$TXN Is prone to fall... [TEXAS INSTRUMENTS INCORPORATED]")
