Big base forming all of 2021. Breakout and retest with a bounce off of previous structure. Bounce off of fib retracement. Growing earnings, sales, margins & estimates.
Close above the 8EMA and DTL indicates a trend reversal off a bounce of the fib retracement era. Stop is a close below the most recent low.
Ask yourself, if you were a buyer during the consolidation, and you haven't sold yet, is this your last opportunity to get out at break even? Short on price action break of the upsloping trend line Stop close above red AVWAP First target 41, then 200 daily moving average
Short entry negative trading Monday Target 200 Daily Moving Average Stop close above green anchored volume weighted average price
Taking bets that it'll hit that 19.44 resistance
Trend Pattern Squeeze Set Up Long Calls Target and Stop on Chart
The Dow Jones futures are in a classic TPS (Trend / Pattern / Squeeze) set up. This pattern set up is a powerful & probable signal for a continuation of the previous trend, in this case which was up. As price consolidates here under the recent high, more energy is being built up for the next move higher. The squeeze indicator checks the volatility contraction....
Trend (Prior Uptrend) Pattern (of consolidation below recent high) Squeeze (volatility contraction) Usually this resolves to the upside, letting all the contracted volatility energy out. Also, Price usually bounces off the 34 EMA in an uptrend like this. Targets are the 1.272 / 1.618 extensions of the swings in the consolidation. This is usually where high...
Latest pullback on very low supply Bounced of 21 EMA Target is the 1.272 extension of two latest pullbacks Trend - Pattern - Squeeze play
I think ADBE will continue the uptrend. Right now it is consolidating to rest and building up energy for another move higher. Targets 1.272 and 1.618 extensions.
Stop under trendline/21 ema target ~15-25%
Target 20% gain Stop below 21 ema or trend line