Looking for retracement back up into selling territory for short sale upon completion of short term distribution due to low oil consumption.
Let see what happens. Either way don't see a trade until it breaks out of this area.
Need price action to breakout from current resistance into nearest sell zone which should push price back down into buy zone where I can get an entry and then it breaks out past the sell zone.
EURAUD has an area of accuulation from inside day. Has a buy signal within the day for a tighter stop loss on the breakout.
Every other currency pair with JPY has been running except AUDJPY. It seems to have formed a bull flag but also shows a falling wedge with sell zones that have been touched and now it has been sitting in a demand zone with indication of an accumulation of orders. Entering Buy stop above this short term accumulation with stop right below for a long term entry...
The S&P just popped out of a consolidation zone that lasted about a week. In using Fib retracement it bounced back from its recent low up to a 61.8% retracement to the ATH before pulling back. If drawing another retracement from the recent low point of the bigger move this pullback only reached a 61.8% retracement. Given that the bigger move is between 38.2%...
Swing trade to previous highs in ABT. inside candles show it's a battle to turn it around and a breakout from here will mean it's going to continue to the upside.
IBM has been on a run due to new of them providing Metaverse Intrastructure. This pullback just looks like a big profit taking break so the inside Day from Friday could be a sign of reversal. Looking to enter on the breakout and shoot for 3:1 reward but if it pauses at the top I will move stop loss up to 2:1.
Looking at FB moving down to bottom of Regression channel post earnings. Will go long if it touches.
Basic Materials Sector is starting to wake back up. This one had good earnings and will have the push from the sector to support it's move up.
Trading on a channel. Looking for it to repeat previous run before pullback.
If MRIN gets volume again it can be over a 100% gain. had a pop in volume during the sea of red on really low volume.
Blink recently had heavy buying out of it's down channel. It was on it's way up until the FED meeting. It could be sold back out or on a pullback. Waiting to see if it will continue. Might put test shares in if it comes down to the most recent shelf and hold.
They are the lowest performer with the highest short float. Established shelf around $27-28 area with upside to $34. Oh and second cheapest stock in Sporting goods area of retail.