DVN trade ideas
DVN before rising 28%... The exchange rate moves in a triple falling wave pattern. Each wave is half of the leading wave structure. Currently, the exchange rate is building a rising wave structure. A fractal appeared in it, and its repetition now appears. If the theory is correct, the target price for the exchange is US $ 33.57
DVN before another 41% increase.DVN before another 41% increase. analysis was exactly followed by the movement. Current analysis shows that the chart is closed above the D1 ATR distance (white rectangle) and also shows that the upper level of the D1 ATR functions as a support. I hypothesize that the motion will turn north from the 15.61 usd level and rise to the 22.19 usd level by building a second rising wave sequence.
DVN (Devon Energy) before the 80% increase.DVN (Devon Energy) before the 80% increase. The fair value of the share is 17.43usd. It is currently in the accumulation range. According to my analysis, you can reach the top of the second rising wave of the double wave extremely quickly. One reason for this is the "technical gap" caused by option trading. This gap causes a technical exchange rate jump not only on the short side but also on the hedging side. Which in short means it can also appear on an ascending side. In short, I assume that we will have a day (in the near future) when the stock rises by 30% in a day in a rising share price.
DVN - perfect technical setupWe have a perfect bullish breakout, with 21 EMA just crossing the 55 EMA, with both the 21 and 9 above the 55 EMA. Just took out the swing high... This is an easy 8% play.
We have an almost perfect alignment of 1.618 retrace from swing low to the swing high we just took out, and a 1:1 swing based retrace aligning right at the $10.70 mark.
Devon Energy CorpNYSE:DVN
For everyone who knows me, I always advise you to trade simple things. And to trade only what you see on the chart.
Another simple instrument in the shorts for the next session is DVN.
At the nearest trading session I will also consider this instrument in shorts after 13.01.
The instrument is in the hisorical lows, we see here the reverse parabolic rounding, it has passed a part of realization, if the market falls, the paper will fall after it. When trading in shorts, ATR will not matter here, because we are in historical lows. I will trade here a break-down model of the support level at 13.01.
If you correctly calculate the risk of a trade, take the minimum 3 to 1 or even more - it will be quite easy.
Anyway, I recommend always to trade from your risk management and money-management.
DVN before rising 31%.DVN before rising 31%. A common rule in the world of fractals is that the wave sequence within the fractal develops symmetrically to the extremes of moving averages. We trade this set of rules. In case the analysis is correct, the exchange rate turns north from 22.43usd. From this level you can begin a more significant uptick with a target price of 29.53 usd
DVN before rising 31%... The analysis shows that the exchange rate correction (yellow square) is halved. According to fractal rules, the rising (main trend wave) amplitude can be doubled. Based on this set of rules, we can reasonably expect that the rising wave target currently being developed will be priced at 29.23 usd.
DVN exchange rate before 39% rise... The analysis shows that the exchange tests a MA (50) axis symmetrically. This is similar to the symmetrical backtest of the previous fractal. I look forward to completing this correction tomorrow and turning north again. In the event that the price copied the previous fractal sequence (which I see the greatest chance of), it could repeat itself around the MA (100) axis. From there, I'm expecting a higher rate of climb. The price of this target is 30.16 usd.
