Will use this to update my views on Target over time Currently - Long term up trending channel - Significant resistance at channel medium line - this used to act as support prior to 2008, but not acts as resistance
I have identified a potential inverted head and shoulders pattern developing in Dal. Pattern is confirmed when price closes above the neckline. Target can easily hit 52, but a more conservative target would be just below the high in case of double top formations. Why I like this trade: 1. Dal, along with the rest of airlines have reported strong earnings. 2. As...
www.youtube.com Video above explaining the trade. Star Prosper Philip Stewart
Trade ideas are based on my anticipation of an inverse head and shoulders. This should atleast help gaining some orientation for price action and time windows. Make sure to check out my other charts for more information. Feel free to leave comments or questions bellow and upvote this chart if this is usefull to you. Cheers : ]
We are in a consolidation phase. Let the market decide which way to go and buy/sell the breakout. Possible targets are on the chart. Atleast 33% profit within a month after breakout should be possible. Are you ready ? : ]
I drew a triangle based on OBV's 50 hour moving average (orange), and mirrored the triangle on price. Red and green areas are 80/20 % overbought / oversold zones. At this moment we are in the overbought zone so you can try a short here. I expect a big move of ca. 50% after price breaks out of the triangle. Targets: Upside: 333-375 Downside: 130-90 Cheers :...
Here are my short targets after intensive analysis. Take 50%profit around wegde target (226.27) and 50% around ab=cd of bodies target (215.57). Furthermore buy around 216 with stop loss under 207.7. This will allow you a maximum leverage of 20x with the margin call beign your stop. Cheers :]
We seem to have established a floor for this support around $210 near the last area of consolidation before the big Coinbase pump. The market is now forming a massive descending triangle by making lower highs on very weak volume. This pattern will be validated if and when the price dips below intraday support at $220 again. The market had a similar, albeit...
Linked in created and inverted ascending scallop -- confirmed. (thepatternsite.com). A bonus is the U-shaped volume with the pattern. This alone sets the target price at 279.25. In addition, a cup and handle is in the process of forming, which if successful, sets an intermediate target price at 263. On Balance Volume (OBV) also remains in a very positive upward trend.
These are the levels I would consider a short from. The higher you go, the riskier the short, but the better the R/R. If it goes past $350, that's when I stop calling for shorts and re-assess the market. It's your decision, but these levels are the most well-defined areas I would consider shorting until we hit my longer term target of...
We might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box...
Don't let the bears scare you just yet. The market failed to confirm a long-term bull trend, but as you can see we're not far off of the long term upward trend line. We are still in a bullish pennant which, incidentally, ends at the long term uptrend. I'm not saying this is a sure thing, but I will certainly be watching this interesting pattern to determine a...
Bullflag broke up to the upside with nice volume confirmation. A clear bullish signal. 6.18 % potential profit guys. who wants it ? : ] Also notice the confluence of the A'+ target (at 405) and the 1.272 expansion of the BETA leg ! That's kind of awesome :D
DAX has corrected 18% down and it is challenging to see it going lower but I still think this is what is going to happen: 1) Normal correction on the DAX are 10/14% within the lower degree correction. 2) Therefore it is not abnormal to see a 25% correction in total when SP500 has to correct 18%. 3) I am awaiting a correction similar to the one we had in...
Here we have a bull cypher pattern presenting itself.. Those interested, enter long at buy zone at your own discretion and using your own methods of confirmation.. Others may prefer to enter agressively at limit, just make sure you manage your risk accordingly. I chose 2 targets of my preference, moving SL to BE after locking profits at 1st target might be a good...
H&S target is not reached yet so I'm expecting another wave up. Buying blindly and looking to take profit this year. We might see prices around 50 in June, 2015
Looking to short SPX after this double top. Once the neckline breaks you have several opportunities to place short trades ... Target is the longterm channel bottom at around 1737. Taking first profits at 1845.