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OGNUSDTHi dear friends The price has been very nice in its movement, respecting the previous ranges, and until the orange uptrend line is broken to the bottom, I have no mentality for a downtrend. In my opinion, there is a high possibility of forming an upward trend from the $0.2458 or $0.2348 price range. The yellow range ($0.3454) is not so valid and probably there are no special orders in this range!!! If the uptrend line doesn't break down, the longer term downtrend line is more likely to break, isn't it!?!?
Long
by FiboTech
ENSUSDTHi, I hope the coming week will be a profitable week (: The price is moving inside a descending channel. If we ignore the triangle pattern, considering the yellow range and the type of previous movement (inability to enter the $10.817 range), we should have a reaction to the $9.733 range. I prefer to close 75% of my sell trade at the $7.364 price range, but I can't ignore the triangle target, so that leaves 25% for that range. Be sure to share your comments with us
Short
by FiboTech
4
AMZN Bearish pattern on 1D chartHey everybody welcome back Today we’re looking at AMZN on the daily chart and it’s forming a very nice head and shoulders pattern. I actually got in some puts at the top of the right shoulder and took profits already. I opened a new put position just before the bell. You can see price was rejected at key levels same as the left shoulder. We’ll see if support will hold at the neckline. If you look into the smaller time frames you can see the down channel of the right shoulder. Price is hitting the resistance of that down channel and has formed a triangle pattern. My target is at the neckline and whether it holds or breaks support will determine our next position. Thanks for tuning in. Let me know how you feel about this and share your ideas *This is not advice
NASDAQ:AMZNShort
by roddy2ktrades