Triangle
Torrent Pharma - ShortTorrent Pharma forms double top on 1 Hr time frame, also forms symmetrical triangle pattern. If pattern breaks then expecting targets around 2080,2040,2000 and 1950.
Entry range for shorting could be below 2190.
Expecting good R/R ratio.
View invalid if price moves above 2250.
I will be posting complete analysis video soon.
This is for educational purpose only.
XRP Dominance looking to break out from this triangle?Hi guys, we saw massive move today, jus to find it to bounce back whithin the XRP dominance chart. I think we can break, but nothing is for certain looking to move some more into XRP as it can outperform bitcoin in the next run. We also will need to sew Higher volumes for this to happen! I am not 100% convinced yet. Good luck!
Go Pro in a symmetrical triangle Almost ready to breakout! Go pro has been in a symmetrical triangle for a while. Its due for a breakout soon! It could breakout up or down but surly will be a strong breakout. Be patient but feel a short today. looking for a great entry at the bottom symmetrical triangle support. Would be an amazing R-R . Happy trading all!
GBPCAD Ascending Pennant Breakout. Potential 170 Pip MoveGBPCAD Broke Out of Ascending Pennant Showing Continuation of The Up Trend.
Ascending Pennant Is When The Market Makes Higher Lowes And Equal Highs, This Pattern Tends To Break Out To The Up Side.
As You Can See The Market Still Has Free Space of About 170 Pips Till It Hits The next Past Support To Become Future Resistance And Also The Trend Line.
ORBEX: EQUITIES REACH FRESH ALL TIME HIGHS!In today’s marketinsights video recording, I talk about SPX and DXY .
SPX keeps hitting fresh highs despite Fed's message to keep rates on hold until 2020. Trade wars do seem to be influencing flows more than anything else right now? Whatever the case, sharp upside and overbought hints to exhaustion!
The DXY's recent upside though should be watched closely. It's either an expanded flat or a zig-zag correction, so, could expect either a decline or a correction.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
Bitcoin - Zoom Out ~ Deep Dive 9/24/19I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
EUR,USD,JPY Go Nuts After ECB! Fed, BoJ Expectations More DovishIn today's #marketinsights video recording I analyse EURUSD and USDJPY!
Euro, dragged lower by the reinstation of the QE programme, was able to reverse post-ECB losses on the back of:
- Limited rate cut compared to markets expectations (only 10 basis points)
- Draghi's call on governments for fiscal stimulus (supporting EA economies?)
- Widening yield differential against the dollar (ECB can't move lower, Fed can)
- Expectations that the Fed will cut next week (a weaker dollar)
On the other hand, the yen was also negatively affected by ECB's decision to ease. But with an ultraloose policy in the books for quite a number of years now anyway, easing would be worst in Japan rather than in the US. Hence the bullishness in USDJPY!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Bitcoin - Contrarian View ~ Deep Dive 8/31/19I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
Bitcoin USDT Price Prediction July 30 and 31 Possible to 9200Bitcoin USDT Price Prediction July 30 and 31 including specific alert times to check price Possible to 9200 if breaks pink line, if stays above pink possible back up to 9900
this is not financial advice
i am not a financial advisor
this content reflects observations of price reports and guesses about the future
How to 4x your money in 2 months with 3 Ascending TrianglesDear traders & everyone who is learning Technical Analysis!
In this video I'm going to show you how to recognize a core bullish trend & play Ascending Triangles. It would have given you amazing profits in the case of VFF.
Have fun watching! ;)
GBP/USD to Continue Falling After Retesting Major LevelBased on technical analysis, GBPUSD has blown through previous major support and a major demand zone in the market. It's currently on a macro-downtrend, continuing with lower highs and lower lows. Top down analysis has shown that this pair is just in a small retrace at the moment, retesting the broken levels while still maintaining structure.
However, on the the smaller time frame uptrend, it has broken both its trend line and structure. Looking for a retest of the broken trend line and resistance level before it continues with a powerful push down to continue its macro-movement.
FOMC Setup on EUR/USDThe Federal Open Market Committee (FOMC) is expected to unveil another rate hike this Wednesday, December 19th 2018. Probability of a rate hike is quite high, as a neutral or easing federal funds rate would indicate "a need for stimulus" in the U.S. economy (God forbid the FED indicates weakness in the economy while the stock market is sitting just above critical support). A rate hike is an indication of tightening monetary policy, which fundamentally strengthens the dollar against other currencies. This will produce a down move on the EUR/USD (want to sell EUR for USD).
If rates remain neutral (unlikely), expect the dollar to weaken considerably (up move on EUR/USD).
If rates are lowered (unlikely), expect the dollar to weaken quite rapidly (up move on EUR/USD).
Pattern On BTCUSD And Others Can Suggests Limited Upside For BCHHello everyone,
After a long time I have decided to make a new video analysis, covering some of the charts on cryptocurrnices that suggests to me that bears are not done yet.
There is a slow price move, a lot of triangles all over the place, so new lows may occur as contracting range can represents a continuation pattern.
Also, there was some nice rally on BCHUSD but resistance may not be far away.
Overall speaking, I think bulls will come but we may have to wait till next year.
Please keep in mind that this is my personal view on current market conditions and that I can be wrong. Analysis provided is NOT any investment advice!
Trade well,
GH
MMM - Discount Buy or No?Find the commentary from the chart below:
In general, the stock paints a bullish picture but there are also things that could indicate that it would rather trend downwards at least for some time.
Bullish points
-Stock is currently above the 120 moving average which has served as a support level since 2011 on weekly chart
-Stock is currently In an uptrend and hence current downward move may be a correction and oportunity to buy in the larger trend
-The 188 support level is intact, and has held since it was formed & the short term resistance level at 212 just got broken last week and so there is some bullish interest in the stock
-Dividends have experienced increase by 15% this year (from 1.11 -> 1.18 last year -> 1.36 now this year for each quarter)
-Quarterly actual earnings and earnings estimates have all been growing along with stock price and hence it can be inferred that the company is expanding and may continue to be profitable for at least the next few years (longterm outlook idea)
Bearish points
-The price behavior with 120 moving average this time around has been sharper, larger and more aggressive this time around without truly breaking and testing 120 moving average; this could mean the moving average break is rather yet to come and so more patience should be had (if so an entry with a smaller position can be made, and then more size added as trade begins to work)
-Stock has a long way to break out of 255 in order to confirm uptrend, but waiting for price to reach there from its current price at ~212 would mean you would miss the uptrend move in this case; this could be a good idea to exercise patience, but the aggressive correction I already mentioned could mean the very early stage of a shortterm downtrend at least with 255 being the peak price (simply put, because of the price behavior, you would be safer buying from support and deciding to add or close trade after stock reaches 255 rather than waiting for move to 255 and then buying into breakout).
-The 188 support level has been intact since it was formed, but it can break with pressure of earnings & a true test of 120 moving average; if these price tests occur and are strong enough, it could set the stock up for a downtrend.
-Dividends and earnings growth may indicate future longer term growth and NOT shorter term price action; even though the "numbers" of the company may look nice, it may be moving upward now as a sympathy play since sector (XLI') is also doing well right now.
(This stock will not be traded as part of paper portfolio challenge)
Let's follow MMM' to see how it plays out!
Thanks!
ANAB - "ANAB-tomy" Of A Winning Long Trade?Sorry for the stuffy nose! Nonetheless, here I talk about qualities of a trade that help determine it as a winner. This is just a short version of what to look for, just to give some of the things to consider in the process. As a general statement, there are 2 things that make up a stock: technical factors (price behavior) & fundamental factors (financial statement info).
Fundamentals are important for longterm investments where company growth & strength are important, since over time, more people will get interested and buy the stock in the future for further price appreciation (5-10+ years for a solid investment). Simple fundamentals just looks at company profits and how much cash the company has access to, but for a detailed fundamental analysis, the company will need to be known and understood on a very high level as if the investor is one of he founders of the company. Before the investment is made, you must know almost everything about how goods/services reach the consumer/customer. For a trader, correct technical analysis is most important (everyone can do technical analysis, but it takes time to do it in a more realistic fashion without dreaming too much or trying too hard to predict a specific future price action). The more factors that favor your objective to buy the stock, whether as a trade or investment, the more likely you will win from the trade. Here is the list from the video:
1. Technical favor
-Price accumulation: price usually builds up slowly before exploding upward in an uptrend, with only few/small price corrections in the trend (it is hard to see this early but it is typically only obvious late AFTER the trend has started)
-Volatility contraction-expansion: I talk about this all the time I'll skip it; it is very important to always look for though
-Price eagerness to increase: when price keeps trying to push upward to newer levels, this tells that at least there are also other people who see the stock going higher and are willing to put their money on the line for it
-Supportive base: the price action should show you that the price has no interest in testing lower levels, which means there are no aggressive sellers, investors or other traders are not selling off and there is a positive sentiment toward the stock
-Industry/Sector performance: this was not included in the video, but it usually gives you a great technical context especially when you are diversifying or trying to pick a home run stock (it's still very difficult to pick one though)
2. Fundamental favor (if considering longterm investing)
-EPS growth past 3-5yrs (should mirror revenue/net income): this tells you the company's plan to grow/expand and make profit in the process is working, and hence the company is still appealing to old and newer investors
-Free cash flow: I didn't explain this well in the video, but I meant to say that a good cash flow means the company has cash on hand aside from other assets to be able to pay off any debt or sudden expenses today if the need arises (this is a very simplified version just to give you an idea)
Let's see what ANAB can do! Looking forward to comments or PM discussions.