BIG 3 INDICATOR Green Column finds long trade signal Green Line finds long trade signal Find your own TP & SL
idea idea idea i am a long investor not a trader. been in this one for life.
Just my opinion and thoughts, not investing advice. Please do your own research before taking a position in these names. Copyright Rohan Karunaratne 2020
Testing out this theory (3.0) Testing fib timeline tool: wave 4 and 5. Wave 5 target at $145 however with the price channel showing a consistent bounce off the 200 SMA prior to September I like the idea of a continued progression to the top of the channel. Let see how it turns out! "I'm not an expert but i have watched a lot of youtube videos." NASDAQ:MTCH
Getting tight, price may want to take out the lows of the last few days as a quick shake out before breaking higher. A break of the high of the last few days would offer a decent R/R.
bull pennant almost done forming, expecting a breakout/squeeze
Any dip currently is a buy IMHO to enjoy the ride up for a 5th wave. We are completing a 4th wave currently and will be testing new ATHs on the next leg up. fibonnaci retracements implies we've hit a 38% retracement and MTCH is forming a bull-flag on the daily (which is typical for a 4th wave). be on the lookout for confirmation on the Stochastic RSI. PT on the chart
Also note decreasing volume as the price went down into the flag. Earnings happened nov. 5 so the earnings symbol on the chart is wrong. Ive seen lots of huge call positions being taken that expire in December with strikes up to 150. A breakout of this flag on Monday seems pretty likely
Tougher play b/c price is close to all time highs, but two week out there is time for a decent pre earnings push. Entry above box and stop below box. Targets = dotted lines. Take profits on the way up and always sync your trades with a strong broad market.
bearish on a rejection of the top trendline, bullish on a break. goodluck