Trent.klarenbach

Trent.klarenbach

NYMEX:CL2! NYMEX:CL1! Crude oil is sitting at the confluence of the green 50 Day Moving Average and the blue Anchored Volume-Weighted Average Price from the October 25th high. Each of these on its own often reverses the direction of the price. The green dashed arrow outlines a bullish scenario if the price breaks through this confluence which suggests a...

Trent.klarenbach

MGEX:QMW1! MGEX:QMW2! My bullish and bearish scenarios.

Trent.klarenbach

USDCAD broke out of this trendline on the Weekly chart from last March. I anticipate a retrace to the trendline first, however, close above the purple VWAP could mean a substantial move higher

Trent.klarenbach

KRAKEN:XRPUSD I was asked about XRPUSD for a 4-5 month hold. The weekly chart is on a green TD9 and recently found sellers at the Golden Zone. The price is extended from the green 50-week Moving Average. I would look for a new closing high or a pullback to the 0.765is area

Trent.klarenbach

CRYPTOCAP:BTC This bearish idea is a bit of stretch as neither Head & Shoulders patterns have completed. However, I believe that it should be considered.

Trent.klarenbach

GEMINI:BTCUSD This bearish idea is a bit of stretch as neither Head & Shoulders patterns have completed. However, I believe that it should be considered. Target 2 would be a 74% retracement which is not unheard of in BTC.

Trent.klarenbach

CRYPTOCAP:BTC Bitcoin Market Cap looking toppy

Trent.klarenbach

CRYPTOCAP:BTC.D Bitcoin Dominance is on a Weekly Red 9 and at the .887 fib retracement level. If Bitcoin drops, do the Alts drop more?

Trent.klarenbach

NASDAQ:SDC is consolidating with a recent test of the 50 DMA. I like it here for a long position.

Trent.klarenbach

BDXT Swing Trade Idea Nice Consolidation above the 50 DMA forming an ascending triangle. I like it above 35.10 with a stop under 31.62

Trent.klarenbach

NASDAQ:BYND Price is below the declining 10-, 20, and 50- Day Moving Averages and is testing the VWAP from the March lows. This could be a short opportunity.

Trent.klarenbach

NYSE:SNAP short idea with the red rectangle as a target defined by the light blue YTD VWAP, the yellow/orange VWAP from the March low and the purple 200 DMA. Also, note that the red area coincides with previous support and resistance levels.

Trent.klarenbach

NYSE:SHOP Elliot Wave Idea

Trent.klarenbach

NYSE:SHOP Weekly chart of SHOP. How much longer can it go straight up? Regarding SHOP. It has quite the run for a Canadian company. It looks like a Hyperwave to me. If it is a Hyperwave then we can expect a retrace to the orange Phase 3 line. The green box is a level of interest using Fibonacci Extensions and Fib Retracement tools.

Trent.klarenbach

TSX:TSX If the TSX can clear the .382 fib level then I am looking for it to continue the bounce to the green rectangle.

Trent.klarenbach

TVC:DJI If we can clear the .382 fib then I am looking for the bounce to hit the Green rectangle target.

Trent.klarenbach

SPCFD:SPX I am looking for a ABC Correction up to the Green rectangle.

Trent.klarenbach

TVC:SPX AMEX:SPY I adjusted this idea on the Daily chart. Price has found resistance near the .382 fib level. If we retest and break above then I expect price to hit the green rectangle level of interest between the 0.5 and 0.62 fib level. The 50 DMA and 200 DMA are also levels of interest in this area.