STOP 2.19 TP 2.14 RISK/REWARD is very tasty! The flag is a good correction of primary downmove started at 2.21 My view (Inspired by idea of FullTimeTrader )
Hello Traders, Here we have a valid bearish flag pattern on FX:AUDJPY and currently we are sitting close to the potential breakout to the downside. Flag patterns are also consolidation patterns, just like any other harmonic patterns (cypher, bat, butterfly , crab , gartley). This pattern is usually formed after a strong movement in price action. There are 3...
Hello Traders, Here we have a valid bearish flag pattern on FX:NGAS and now we just have to wait for the breakout, probably to the downside. Flag patterns are also consolidation patterns, just like any other harmonic patterns (cypher, bat, butterfly , crab , gartley). This pattern is usually formed after a strong movement in price action. There are 3 main...
TSLA looks bearish here as it has b/o to the downside of the intermediate upward-sloping trendline and is forming a bear flag pttn. w/ rising selling volume. The continuation of the pttn. would take it to a tgt. of around the 246 lvl.
WBA in a bear Flag pattern. The flag pattern is perhaps the most favorite For most technical analysis traders. Watch that 78 level, which would be the measured move. Wait for confirmation.
EURUSD broke below 1.1050 and created a bear flag in the process, it should continue onto 1.0850. A move back above 1.1050 will turn this pair bullish again.
$ROSE is lower after earnings. Looking at the weekly chart it is range bound in this big rectangle. 16$ is support from lows in late January and mid March. 16$ can be a short targets because of it's snap back rallies to the top of the range. The top is only two weekly bars from the January low and it was above 25$ The breakdown below 32$ in November of last year...
FB appears to be consolidating in a small bear flag pattern after the double top neckline break. A few days of sideways action to consolidate inside the BB before breaking the 78 support would give me more confidence in taking the trade to the downside. With the double top's height it still hasn't reached its projected move of ~4.80 or ~76. Entry: 77.98 Stop:...
It doesn't look good for the bulls. We're still in a consolidation period, but once we break the blue line, it's a good sign of more downside, and I would be looking to pick up a short. From the looks of things, we may reach the consolidation low before the last bubble, and after that, who knows. In any case, as long as this bear trend holds, there's no basis...
Through out my time swing trading i have found that there are some desecrate tools and information i must look at in each equity before i make my final decision, certain criteria like Short interest , days to short , SQZMOM indicator along with a sweet chart that channels up. 1. it all starts at finviz where i search up stocks that fall under the lower priced...
Oil looks bearish here on a macro timeframe. It broke down through the upward macro sloping trendline around Aug. and then thru the 50 dma in Sept. and has been in a downtrend ever since then. The fast decline and bear mkt. caught many by surprise. Oil is currently showing a macro bear flag pttn. w/ tgts. being in a range of 27-16 lvls. depending on where you draw...
Measured move targets of the triangle + the rectangle range Bear flag targets of 127.2% and 161.8% Keep an eye on 0.7665. A bounce above this level will infer that this analysis is invalidated. A bounce back to 0.7665 on break out to the upside should result in exiting the trade at close to 0 loss. FOMC due on Tuesday, so apply money management and be aware of...
1. Price initially consolidated within a large triangle and eventually broke out 2. Price rallied towards 127.2% and in the process formed a rising wedge 3. Price often reverses from 127.2% back to 100% (You check my past trade ideas with flags to notice this common occurrence) 4. Price then forms a bearish flag at the 100% 5. A break out to the downside will see...
Dynamic intra day hedging: Fundamentals and and a lack of interest in the euro has has it fall substantially, USDCAD is -95% corralated to the EURUSD and we have seen a strong canadian dollar over the past few d ays. effectively by creating two positions one short on the eurusd and one long in usd cad with the same lot sizes we can effectively minimize...
The head and shoulders has been more or less confirmed. As we have a tone of resistances and not a lot emotional strength to begin or continue our short term bull rally, we will likely see a break not only of the current lower support line but also of the head and shoulders support line. In my wishful thinking we will perform a adam and eve bottom and then got...
Looks bearish on a long-term timeframe.......looks like a macro bear flag pttn. w/ a tgt. of around 80 for the extn. of the move......of course if it b/o of the upper trendline around 125-126 to the upside then the pttn. is not valid.....if it trend down to the lower end of the range & then b/o to the downside of the pttn. around 110 then it could go to the tgt....
FCX has just gapped down below $20 producing a potential bear flag on the weekly chart. This is a good near-term trading opportunity but this is very short-term only - as earnings are due out on 22nd January. However, if the downtrend stays in play, earnings could add to the bearish momentum. It took over 18 months for price to break below the June 2013 pivot low...
Chipotle Mexican Grill formed bearish pattern called Cup&Handle with lower high (reversal candle) on 6th of October. Important level of support was at $649 and was broken yesterday with conviction. Combine it with $SPX break down of 200 EMA first time since long time and that is how you get in on the right side. Risk Management: ENTRY was at $649 break. After 3...