GPRO has lost a lot of its value throught this year. I personally think we may be approaching a bottom, and this recent range after the down gap could form an island bottom. Im starting to accumulate stock this week. By the end of November we should start seeing the stock rise. Maximum downside i see from here is maybe 19. If we do find a bottom we will probably...
Looks like maybe a head and shoulders may be setting up to signal a top. Will have to wait and see
On the daily we can see that euro seems to have broken out of triangle to the downside. I believe after the huge move we had after the ECB meeting we will probably have some up move this week probably to test the trendline again. I will be looking to enter long term shorts if it fails again at the trendline. GL
Netflix has been trading in a contracting range. Seems to be forming a wedge. We are currently at support and seem to be forming a double bottom which could signal a wedge breakout. Our first TP should be at the top of the wedge. If we do breakout our target would be around 103. GL
Good short at top of channel minimum tp at bottom of channel
Nikkei has been ranging for a while. Had a big move up today after terrible Japanese trade data. Probably market expects more QE. Anyways on the meanwhile a nice short with first TP at bottom of range and second TP at old support
Seems to be a 50%retracement of the 3rd elliot wave. It is also a level of previous support and resistance (the red line). The red rectangle is an area of possible resistance (calculated with multiple fib retracements and projections) place stops above it. Only thing thats making me a bit less confident about this trade is the fact that we broke out of the...
Uptrend is strong but it seems that we may be geting closer to the end of it. I will be looking for confirmation to enter shorts around the red rectangle that was previous support, the downsloping resistance line and the 5th wave completion. I still remain bearish long term
Oil is sitting at important level right now, the green rectangle has been an area of support in march and turned into important resistance in september. We will have to see what happens around this level, we could form a double top and have a downweek or we could break up but i think this upmiove would be shortlived and we may find resistance at the downsloping...
Downtrend resistance trend line led to rejection. Now it seems like a H&S pattern may be forming. I am short cautious with the 18000 level as it could act as support if it is broken we are going lower.
Got stopped out of last trade, candle closed below channel downside to come
Trading range nice opportunity for 15 pips approx. with tight stop
Nice short opportunity at top of channel Update: moved SL to break even