This Structure that is forming within the channel plotted i am comparing against BTCUSD bear run in 2018. I believe the structure is a top formation with big downsides ahead. Bars pattern shows the big drop comparison.
DG had a swing low in mid-March. While it has retraced well, it is still 15% below the YTD high On the 2H chart, the retracement uptrend is accompanied by a persistent volume of about 2X that of March and before. I am supposing that with an early or light recession underway, value sensitive consumers are delivering DG more revenue from its retail operations...
Long scenario to 600 JAN 2024 Short scenarios to 380 & 425
Has been holding up long term support well and it just needs to break the trendline to go higher. It might take next earnings to propel it upwards.
My watchlist got taken down by TradingView moderators yesterday. As a recap, I was bearish on SPY, and main watch was PYPL for the 3-1 setup it had on the daily SPY - Super bullish uptrend day. I was hoping for bearish continuation, but the markets had other plans. I can really only credit this movement to two things: Neutral CPI data, and markets possibly...
SPY - Interesting day on SPY. We said yesterday that the markets could realistically go either way, but we were watching more so to the downside due to the failed 2U formed on Monday that was followed by a 2D yesterday, and having that small bearish bias by simply playing what is in front of us vs using other reasons for bias. SPY ended up gapping up premarket and...
Triangle/Three drives within an upgoing zigzag. We more often now base stop loss off a moving ATR, as testing had shown this to be a more effective strategy than mere price levels alone. Yet, ATR is not always an option. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are...
COST shows a bullish pattern A double bottom structure is also seen on the 1-hour chart, and the 250 SMA position is a test for the index (around 495), where day traders can take profit and wait for opportunities. Swing traders can stop the profit taking part and add to their positions depending on the strength of the pullback. The target position could be around...
On 3 March 2023, COST appears a reversal patter which we need to confirm it on Monday. Anyway, there is a very attractive reward and loss ratio. Stop loss should be $465.
COST testing meaningful support at the BLUE channel structure. The overall bias remains to the downside. A break below the BLUE structure could allow price to slip into the lower $400 handle.
$COST took the 2-2 reversal Month and is headed to the target 1 of $449.03 $COST also has triggered the Inside Quarter down with magnitude to $406.91 but the Q ends 12/31 Currently $COST is FTFC down
Higher lows are being formed on Costco although it seems that this one could continue to fall, not much was able to be done above 533 on it which was a major resistance.
Costco is set to report its fiscal first-quarter earnings Thursday after the market close. The company experienced cooling sales in November as shoppers spend more cautiously amid news of increasing layoffs and stubbornly high inflation. Also, In the near-term future, Costco may face margin pressure from elevated supply chain costs (retailers have been receiving...
Today's bullish Filecoin price analysis $4.40 offers the greatest resistance. FIL/USD support is indicated at $4.18. According to Filecoin price research, the price of FIL/USD has been moving strongly upward during the past 24 hours. The cost has continued to rise dramatically and has come close to reaching the $4.18 level. The cryptocurrency appears to be moving...
IMO Cost looks weak. I will not surprised if we test EMA below.
Referring to the cost basis of DOGE/USD, realised profit/loss suggests that a majority of holders of DOGE are HODL'ing with an extremely small fraction realising losses overall. Only a small fraction of the market trading DOGE actively. Cost basis has remained unchanged at around USD 0.20, which in my opinion has formed an important breakeven point and a level...
Market has been rallying but today seemed suspect and pop in VIX implies smart money possibly hedging under the hood. Time to start looking for hedges / short opportunities , whether we get a large move down or just a pullback before going higher, IMO in the near term we see some selling. Costco is at trend line resistance and therefore I see it as a good hedge/...
COST (COSTCO) has formed a massive head and shoulders pattern over the past year, which seems like a no-brainer opportunity to get short. COST could possibly reach 440 by the middle of October and 407 by the first week of November if the price breaches the neckline around 464. A period of consolidation could delay these estimates by several days. Disclaimer: I...