Traaaderz

Traaaderz

A steep selloff followed TTWO's earnings. However it appears to be rebounding including possibly overcoming the 30 min Ichimoku Cloud. Target: Feb 6 highs

Traaaderz

USDJPY has been gaining momentum since Feb 4 but encountered a pullback that was completed on Feb 10. It has now pushed through the support and retraced giving confirmation for a long position and a good level for entry. Target is upper channel = 111.08 (.97%)

Traaaderz

Since reaching a yearly low before earnings, BA has gone on a rally increasing 15% in value. However it appears to be running out of steam as evidenced by the reversal off the daily Ichimoku Cloud Span B. Since it is still in a downtrend according to the red Ichimoku Cloud, it is likely the rally is merely a correction of the downtrend that started March 2019. The...

Traaaderz Updated 

Since posting ATH on Feb 4th, TSLA has failed to sustain any significant gains including the short lived rally during today's open. However, a Fibonacci retracement taken from the ATH and the low of Feb 6 shows it is holding above .236 fib. Given the upward momentum of the current trend, it is likely to challenge today's high ~.5 fib and the upper trendline.

Traaaderz

After filling the gap from 2 earnings ago, SQ has reversed off the prior resistance. However it is showing signs of a bounce which makes a good opportunity for a long position. Entry 78.5 Target 81.0 Stop loss 78.5

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ANF is currently oversold according to the daily stochastic indicator and 200 day MA. However it overcame the 50 day MA, and is above both the daily Ichimoku Cloud and the weekly pivot P. In addition there is a bullish crossover on the stochastic. The target is .786 fib = 18.00 which also lines up with the 200 day MA. Target =18.00 (+4.66%) Stop loss = 17.00 (-0.87%)

Traaaderz

Although SPY accomplished significant gains today, the indicators tell a different story. 1. At the moment, the daily candle appears to be a hammer which signifies buyers unable to keep up with intensified selling 2. The daily ADX is decreasing due to recent selling indicating a slowing uptrend 3. The conversion line is converging with the base line signifying a...

Traaaderz

For the majority of the day TSLA followed the resistance turned trendline formed by the prior session. However a steep plunge in the last 30 minutes to the 10 hr MA and a slight recovery ended an otherwise steady move up. This was likely due to the attempt to unsustainably double the rate of growth set by the previous session. Since the trendline set by...

Traaaderz

SPY likely to rise to today's high in tomorrow's session. Rationale: 1. Bounce off 400 hr MA on Friday 2. Bounce off .618 fib 3. Positive 400 hr MA 4. Positive 40 hr MA

Traaaderz

After a rally at the end of Jan, BTCUSD appears to be failing to hold .382 fib. Sell to the support trendline.

Traaaderz

AUDUSD hasn't been this weak since 2008-2009 as evidenced by last month's bearish engulfing pattern. Sell targeting bottom of the channel. Possibility of breaking into 2002-2003 range.

Traaaderz

Steep selling of DXY on Friday followed by a strong rebound today. Coupled with a long term (September 2017) uptrend, reversal at ~.236 fib, and also TTM pivot at .236 fib gives credence to a short term bullish view of DXY.

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ROKU dropped below the 2019 trendline last Friday. It then bounced back to the trendline even crossing it and touching the 200 hr MA before dropping below the trendline a second time. In addition to reversing off the channel resistance line on the 22nd, it sits under both the Ichimoku Cloud and the 50 day MA, which indicates that it is still currently in a...

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AMEX:GLD appears to have completed a bearish harmonic butterfly pattern on Monday. Monday's filled green candle and yesterday's red candle confirms the pattern. A daily stoch cross is also evidence of a downtrend.

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As with all unpredictable events, a large position should not be taken. However through observation of the chart it is possible the following scenario will play out. Rationale: 1. A false breakout followed by a drop back into the channel 2. A longstanding resistance line 3. A support at 2.618 fib and a bounce yesterday 4. A daily stoch negative cross

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Confluence of multiple theories leading to justification for a short position on GBPUSD. 1. Reversal off long term resistance 2. Descending triangle pattern 3. Possible support "neckline" holding the pattern intact

Traaaderz

SPY traded within the late December early January range during today's session. Since SPY experienced much consolidation at the range during that prior time period, it is possible SPY has rebounded off the resistance turned support. Although SPY currently sits below the 20 day MA, it is still above the 50 day MA plus the daily Ichimoku Cloud signifying possible...

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FX:USDCHF has been on a consistent downtrend since December. It showed possible signs of a reversal starting on Jan 17. After a failed breakout through the December downward trendline on Jan 22, it has formed an ascending triangle pattern of increasingly higher lows. Although it has failed a sustained move above .5 fib or .9712, the high likelihood breakout to...