DojiEmoji

DojiEmoji

Chart Setups: - hourly timeframe - using my script "Relative Volume + ATR Strategy" to plot out significant price areas, assume they are areas of support/resistance (Orange lines) Bias: Long. However, expects price rejection at 120. If the breaks out of 120, then at most it will re-test 126 before coming back down to one of those orange lines. Analysts having...

DojiEmoji

Referring the left side chart only This is an hourly chart of SNAP backtested using my Script: " Relative Volume Strategy " From backtested trades, we got stopped out two times in a row in this 70-75 price range. Still, this proves to be a significant price area. The win-rate with the default settings is approx. 35%. Odds of winning next time should be in our...

DojiEmoji

Using past consolidation zones to determine key areas of support/resistance ("S/R") In this chart, I'm using a script that I've published (called " Bollinger bands + RSI Strategy" ) to determine the key areas of S/R (refer to Note 1 (below) to briefly understand how the script behind works). For the purpose of this analysis, we will ignore the performance of...

DojiEmoji

Expecting SHOP to fill the recent gap at $1,120. In this case, entry for long position could be at that price, or slightly below it. Fundamental wise, SHOP has a strong balance sheet as of December 31, 2020. Earnings should remain stable going forward. Even if COVID is gone, people will continue to enjoy shopping online from the comfort of using their smart...