#BNS Classical running flat!Hey guys, TSX:BNS has formed a classical super clear running flat. We also have on the lower degree bullish confirmation in the forecasted direction indicated by this running flat!Longby optimizedtrading3
BNS PutBuy Aug-18-23 $50 Strike Puts @ 0.4 Limit to Open On a resistance ceiling, overbought on the oscillators.Shortby emperiusUpdated 1
sell BNSComplete shoulder -head- shoulder with a engulfing candle(signal). Althoung price is in the weekly level, it will go to lower range. At that moment, I will take 50% profit and move stoploss to break even for the rest. Shortby f.hung.vm291
BNS is a Buy according to AI modelsCurrent Market Situation (3/10) BNS is clearly in a large downtrend, so opening a large position is only possible in the short term. That’s why we should also take into consideration the possibility of breaking downward and joining the crash. Anyway, as we will see later, the fundamentals to try the long position are good. Patterns found by AI (8/10) After multiple bottoms in the 45-47$ area, two lovely patterns have arisen according to AI historical models. 1. A continuation triangle that could move the price at least to 53$. We have recently seen the price break the trendline, so an upward movement is likely. 2. A double bottom that would be valid if the price breaks 50.9$. If that happens, we have a very high probability of seeing the expected 53$. Losing 47.9$ is a signal that the patterns have failed and the downtrend is returning faster than expected. AI predictive model confirmation (6/10) When we run the AI models, we see that historically this kind of market movement is not very bullish; it’s more common to see some downside before we see bigger prices. So take care with pullbacks and be ready to use your tight stop loss. There is no strong historical evidence for rallies in this kind of pattern. Risk Reward (7/10) The Risk reward is quite good as we can earn 3 times the risk. Furthermore, if the price breaks the double bottom upwards, the probabilities of reaching our 7% target of benefits increase a lot. Conclusion (6/10) This is a good trade, but there are multiple issues that need to be addressed. The trade is against the long-term trend and AI models are predicting lateral movements. On the bright side, we have clear patterns, a good chance to arrive at the target price of 53$, and also a tight stop loss that helps us to handle a good risk/reward ratio. Furthermore, if the price breaks down, we can do a counter-trade to profit from the crash.Longby All_ChartPatterns2
💾 Bank Of Nova Scotia Bearish | Cryptocurrency Can Save You!I like this bank, I personally use it and they have been around for more than 100 years I think... I can see now why they are panicking but should they be worrying after being around for so long? The market moves in cycles... After a crash down comes a wave up. Anyway, the main support for the Bank Of Nova Scotia (BNS) is the Fib. retracement level at 64.95. Closing below it will lead to a major drop leading to 56.78 as the next support. This can go on and on until the bigger cycle unravels completely. Many banks will die forever but many will survive, adapt and change, adopt some form of Cryptocurrency technology and continue playing this game. The ones that will survive will be the ones that are willing to change and adapt to the current times. The ones that will die will be the ones that refuse to accept reality. Life is always changing. Everything is always changing. Imagine how everything looked like just 50 years ago... Imagine 80 years ago. If the companies of the past did not adopt the technology, all technologies, these are gone. The companies that bought computers, the Internet, setup a website and email, are the ones that went to the top. Just as you needed floppy disks and an Internet connection through a land line to stay on top... In the present day, 21st century my friends, you need to accept Cryptocurrency to stay on top. Namaste.Shortby AlanSantana3314
BNS Momentum Trade " After Earnings"TSX:BNS After we are clear of earnings, I'll be looking for the price to pull back to the Nov 28 resistance of 71.50 near the 50 SMA and 50 EMA (old resistance becoming new support). If we can get confirmation with a reversal pattern double/ triple bottom or inverted Head and Shoulder, I'll be looking to enter with Real Life Tradings momo indicator. Stop loss will be placed just below the reversal pattern and the target will be at 100 WMA near $79.00. I have a few concerns with hitting our target: 1) We might have the 200 SMA as resistance. 2) If The 50 WMA backs up the current resistance at 74.30. If we are able to break through both resistances this could be a good 2.5r - 3 r trade. If we fall through the 71.50 level, I'll be looking for a similar setup at the 69.00 and 65.00 areas. Remember to always manage your risk when trading and have a stop loss. Happy trading! Longby DustinL891
$BNS with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $BNS after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%. Shortby EPSMomentum0
BNS - Up Channel ContinuationUp Channel apparent on this non-log chart A down channel can also be drawn which further emphasizes a soon to come bottom point Weekly timeframe, bulls will likely continue by Bixley0
$BNS with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $BNS after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%. Shortby EPSMomentum0
Bank Nova Scotia Halifax BNS At Interesting Short EntryReward/risk here is over 4 to first PT. Decent place for a short IMO. Stop loss is essential. To prevent getting wicked out, an alternate approach would be to lower position size and scatter short orders to top of range with a stop at all time high.Shortby MicDrop50
$BNS with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BNS after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 71.43%. Longby EPSMomentum0
Watching BNS for buy confirmationWatching BNS for buy confirmation Waiting is the hardest part. You need patience for most of the best trades. I've been watching this setup for the Bank of Nova Scotia as solid technical elements are lining up. 1D Heiken ashi chart reversal in play ● Doji formed at the bottom of the last downswing ● Positive momentum of both RSI and MACD indicators ● Strong bounce off 200 EMA(Black) and 0.618 Golden ratio Fibonacci level (Dashed yellow) But, i'm waiting for confirmation to open a large swing trade ● Waiting for the 20 EMA (Green) to turn postitive Longby HolleyIG114
My thoughts on where BNS.TO is goingBased on a triple top formation, it took 63 days to form. Therefore my belief is we will see a .786 fib retracement to the 82.90 mark over the next 63 days... June 2. All comments an thoughts are welcomShortby SAMMOSWING112
Quite the run I'm not rich enough to gamble profits due to position size but I anticipate a retreat here to $87 or maybe $85 to take the heat off. What a run, what a beast. Wish I had of stuck to my dad's philosophy about Cnd bank stocks when I was getting started. "Buy them". $1 Dividend!! Longby Honkytime1
BNS breaking out of a cup and handle!* Great earnings * Strong up trend * High 3-month relative strength of 3.06 in the Financial sector * Breaking out of a cup and handle pattern with 24.59% higher volume of the 15 day average * Base of the cup is ~21 week with the handle lasting about 4 weeks * Also created a double bottom during the base Trade Idea: * Given the setup, now would be a great time to enter as the price is still very close to the broken resistance. * If you're looking for a slightly better entry, you can look for buying opportunities between the $66.50 and $67.25 area. Caution: * A daily close below $66.48 would negate the idea.Longby HaseebKhan_90445
good sign for selling the BNSgood sign for selling, but For the coming days, if the trend crosses the line, sell immediately, but if it is not its resistance, you should buy, but with cautionShortby Thenikoca330
Scotiabank Pennant TSX financials sector back to ATH and lots of stock still have to catch up, could be a good setup here on BNS. I am long some $80 call expiry aug 20Longby AthenaCapitalUpdated 0
Bank Of Nova ScotiaChart pattern: Bull flag Entry: Immediately (this would end the secondary downtrend of the correction) Stop: 60.48$ Target: 72$ Stopmanagement: ATR Stops daily chart default settings Risk:Reward-Ratio: > 3:1 Description: The chart is forming a bull flag with a nice corrective pattern (which retraced near the 38 Fibonacci retracement ). Target is the 1:1 Fibonacci extension of the former impuslive move. Ordersize example: If you have a 10000K to trade and you only want to risk 1% of your volume , you can enter this trade with 2380$.Longby Cape-Peninsula-CapitalUpdated 0
BNS - I know nothingJust playing around. I'm long all day all night on BNS. Good time to buy imo, $100 here we come Longby HonkytimeUpdated 222
BNS LongLong Pros: -GAP Fill -Bullish Impulse -Congestion around previous support (now resistance?) Cons: -Lots of real commercial / office real estate that COVID could impact. by kappymanUpdated 2