TESLA - The Bumpy road Ahead. (Let's hope the suspension is good)
Faced with a slumping stock price and questions about demand for its vehicles, Tesla has lowered the US base prices of its two most expensive models.
The company on Monday cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV.
Tesla wouldn't say if slowing sales...
LMT stock has been on a serious charge over the past few months with little push back.
Most of the run's up have been followed with pullbacks between 2.5% and 5% before continuing to rise.
Look for good entry zone taking profit from around 3.5% - 4% range.
Looking at XAU/USD market there is a high probability that XAU will fall back below 1500 mark only to rally higher.
Expect 3 day of short before uptrend watching for extended wick to the upside as entry point for short term short position before rapid move back to the up-side.
After the successful launch of the COS token on Binance the market saw around 300% gains being one of the top traded coins on Binance from launch to date.
COS however is holding at a turning point.
Volume is becoming lighter and the sell wall seems to be growing rapidly. Delta Traders expect cos to re-trace back down to the 150-190 sats range in the coming...
Looking to SELL GBPAUD in SELL AREA and to close in Target Areas. Aiming to target 100+ PIPS.
Enter on reversal candle.
If price shows clear Strong Bearish break of price area 1.78600. Execute SELL.
Trying to gain reputation points, so any help or thoughts would be appreciated.
Major resistance at 1508, there is a strong channel in a down trend. I have no reason to believe an outbreak right now due to China having “good talks” with USA. Therefore driving the price down.
My entry was 1508 short
I would recommend to close on current levels 10500-10750 at-least total of 15% of the positions.. I do believe that we will test 10150... but since im going to sleep I always prefer to take small profit just for any case if we wake up and suddenly big buys appear (also the break downwards was weaker then I thought it would be)..
SLs to profit at 11010.
Third touch of ascending channel followed by a corrective double top.
Position taken on the break of the structure (I did get to it a little late so I have an additional 5 pip on my stop).
Profit target +6% to the bottom of the channel. Second profit target +19% to the beginning of the channel (ray line)
Trying to gain reputation points so my help would be greatly appreciated.
The mother of all head and shoulders.
4 hour qualifying head and shoulders, due to trade deals and upcoming Powell speech today, I believe we are head in the long run for a target of 1476tp
Previous charts where not as accurate as I anticipated but both targets still hit.
Here we can see a possible descending triangle formation. The structure could breakout to new highs. However, in the interim whilst US30 is making a bullish flag I expect a temporary downtrend within the triangle.
If there is negative news regarding the on-going trade war between the US and China, we could see these "safe haven" commodities make newer...
Following my previous chart the tragectory of the channel seems to be showing signs of weakness and it may break, nevertheless there is previous structure for the channel to go into a less strap decline into the 1480 zone showed by the yellow trend lines/blue