Reaons for -Firstly we are forming a triangle -We have just bounced of the trend line with a bearish engulfing -Also a bearish hammer has been put in place -We also tested this area a on Thursday and rejected this zone there fore i believe it will do so again Price action leaves clue in structure :) If we go to the daily Timeframe we can see -Lots of long...
We are over sold on the current down move. If you are short, it may be a good idea to tighten stops or cover positions. We are looking for for a short term bounce in the Indexes over the next two trading days...but only a short one.
Oversold RSI and a possible bounce. Dont go long if price doesnt close above the red resistance line. Our exit will be the next resistance highlighted on the left. Keep a tight stop just below your entry. HIgh reward low risk trade opportunity here
Another bounce play, we have a triangle pattern or abc pattern forming on the bottom of this trend. Lots of buying action in anticipation of this move. The chart says the rest. Long at 19.67 with a tight stop just under. Out at 20.34.
Price bounce from channel and looking for next resistance .Possible of failure also can happen so please be alert. Pending Order : 1.48635 Stop Loss : 1.48135 Take Profit : 1.49923
Tomorrow the FOMC will decide the interest rate value at what we will start with. Expectations are above .50%. If we beat expectations then we will see a large flush in the market. If we surprise it there will be a chance at price bouncing after that gap is filled. Its hard to forecast crucial economic days in our calendar but this is my thought process going into...
Despite the huge drop last week, SPY looks poised for a bounce, barring any Fed shenanigans. While there is considerable downside if the current white channel support doesn't hold, I expect a bounce up to fill the gap from Friday, and potentially up to the white downtrend channel median in the beginning of the upcoming week.
just observations on oil - the following maybe reasons for a sudden and aggressive bounce on oil forthcoming 1. approaching multi year lows at 32.90, which previously sparked a 'decent' response 2. bullish divergence on RSI 3. trading in falling wedge pattern, often a reason for volatile breakout to the upside (4. haven't checked, but there maybe fib ratio...
This stock had a stock split without splitting it split about 50% due to bad earnings...it has now found support on the 200 dma. This offers a good entry should you take the risk to buy here. However it may be best to wait until it breaks out to the upside or downside to take a trade long/short. The potential on breakout to upside is back to the 40s could take...
Apple needs to bounce here, because there really is no support level until the 200 week moving average. Which it get to probably somewhere in the high 80s
SWKS to higher highs...this is early as it has not broken downtrend, however had a nice bounce off low and have a stop below that area, may want to wait if enter for a break of the downtrend. The Fed is coming up and this stock has potential to move with the drone story...high end drones, and analyst note...went longer term as it could hit 120 again
AMBA has been beat up pretty bad and this stock is a growth stock with a PE in the 20s that is good and the earnings are great. I nibbled a bit on leaps for Jan 17, spread is high 1.30 for the Jan 70 calls but over time could do well. The projection takes it much higher than BE for Jan 17, lets hope the market helps here and the FED does not screw it up...use...
ON FX:EURUSD daily chart we have strong channel and harmonic moves inside the channel. So I am looking the price to enter the red zone and then rally up to the channel resistance. we have very nice R/R of 3.44. This is a perfect technical opportunity to monitor for the next week. Have a nice day
Confluences: 1/ with the trend 2/ bounce of the upper channelline 3/ 0.6625 as resistance level 4/ Fibonacci 61.8% bounce 5/ MACD bullish divergence Additional: * H&S - pattern on 4H/1H * Weekly high test * Fundamentals are in our favour
Confluences: 1/ with the recent formed downtrend 2/ Broke TL + retest 3/ Tested the 130.000 weekly resistance 4/ Bounced of the 50% fib. 5/ high test, followed by inside bar set up, followed by another high test 6/ 50 & 60 EMA's bounce
Confluences: 1/ Rejection of the 1.55 level = resistance 2/ Bounce of the 50 EMA 3/ retest of the back of the broken channel/ TL 4/ high test candle Monitor the trade smart as we might have trouble with the 1.535 level