This is just a quick one.
They recently had several billions dollars in money laundering violations and fines. The big red candle was the resulting sell off. it sold off to exactly the 50% of the last low.
the "bounce" from the over reaction is already at the 50% fib, which is usually where i would look to take off a short term position
For now and without...
This week im checking on Activision-Blizzard market structure
chart is not too pretty. ATVI has basically been selling off since it put int he ATH due to loss of market share in primary sectors and not having an answer to Fortnite.
However, ATVI has been a consistent performer month over month for years so you have to look at the macro outlook. Nasdaq composite...
friend asked me to have a look at star bucks given a bunch of news and events that are floating around over the next quarter. I probably wont trade this as equities arent my thing but here are some thoughts based on structure.
posted by request not currently in a position.
I dont have a whole lot to add here. As a stoch traders, i can not not even start to look at a chart until there is a smooth signal line. That doesnt occur untill the weekly timeline. there some very clear s/r level as shown in the order blocks. These would normal leads me win/if a trade should occur.
so ive been in this trade for since 8.95 (as previous posted) but haven't really been watching it too closely.
there has been buying on positive news across the board ,50d moving average break up, and confirmed consolidation break out.
my main concern on this guy is is continued negative EPS.
Since price is all over the damn place w/ the US election , yellen's less than inspiring speech and YEN volatility increase. i had to redo my levels/demand/order block chart
as far where price is going. My bias is higher low w/ a test of the trendline at the minimum.
But as you can see from my chart, I want to be prepared for the world banking to disagree with...
this is my view current on bitcoin. new bitcoiners are panicking but lets keep this to TA
there's some wyckoff model style moves happening happening right now (please reference my other chart, i dont have time to draw it in detail here.)
the left you see a pretty solid minimum measured H&S target being hit. right you see a daily over block wick.
Nikkei selling for end of year tax-loss/closing of books is pushing usdjpy further than expected. Both DXY and JXY are not reacting in this way. I expect a test of support ~117.20. if t closes both. potential reversal (ie no other fundamentals have changed)
so far this is behaving almost exactly like break out/ retest pattern.
yellow is 4hr orderblocks.
I've charted fitbit before and talked about my thought of them as a business and fit tech as a trend so ill stick to what on the chart right now.
Last earning they lowered their expectation , before the holiday season started. Then reported had lower then expected sales black Friday. The stock dropped through the floor established at 12.00 to 7 dollars or half...