Price Action: Ranging Pattern: Rising wedge/head and shoulders Long-Term Momentum: Bullish Short-Term Momentum: Bearish Bias: Short Action: Price closed below trend support on the weekly chart but is rejecting off the support zone. Once price moves below the support zone it would be a good idea to take a short position.
Price Action: Bearish Pattern: Break of daily support + 29 EMA *still in corrective phase Long-Term Momentum: Bearish Short-Term Momentum: Bullish Bias: Short Action: Enter short once price breaks below 75 + 130 EMA and trend support + weekly support Comments: Price is reaching a critical point in the structure. The longer-term EMA’s are lining up with longer-term...
Anything on chart can be measured and explain logically. Using our wedge I want to show You that trading can be nice and easy. We don’t have to guess where price gonna stop or where is the top so we can close our position and enjoy money we made. Falling wedges are known to break upwards ( statistically more chances to break up then down ). With a help of...
Put in a short sell position ,
I did a discounted cash flow valuation on 3m assuming a revenue growth rate of 5%, in line with 10, 5, and 3 year historical averages and it produced a valuation of $135. A 41% downside valuation... When I saw this I questioned the legitimacy, but played around with revenue growth rates and found, that, to justify it's current valuation of $236.55, MMM would need...
I think the bull just tired and now the bear is looking for grip.
Let me warn you now, this is not a fundamental or technical analysis based trade. This is a speculation on my behalf based on a simple theory. As the US Federal Reserve continues to rise interest rates up to 3x this year, is it time that a true bear market in fixed income has come to fruition? Are the "safe" government bonds becoming one of the worst asset...
Today, I am looking at the AUDUSD currency pair. There seems to be an inside day that formed on the daily chart. On top of that, there is a major resistance area just around 0.8100. One thing to be cautious about is the major up trend. It is usually not a very wise thing to trade against the trend, which could be the case here.
$BTC fall is not over yet in my opinion. The cross will likely turn bull temporarily to let the market brethe but will soon revert into the third wave and the cross could lose another 20% or more till it reaches its next support level around 8000$. From there, even if it is too early for a "prediction", seems like the market could return bull since the chart...
This short sell limit has been triggered and now i expect further momentum to the downside region 1.7250. price should consolidate around this price action. will be watching closely for the pullback. rejection of 4hr 200 ema. evening star formation reason for entry. many more confluences, im only giving a few though.
Wow, what a week for NEWA. Up over 50% in the last week this stock made major moves when the bulls rushed in to seize up cheap shares of a good company after it's presentation last week at the 2017 Disruptive Growth Conference in NYC. With respect to the 50 day moving average, the stock trades comfortably $8.50-$11 range, and I can see this company selling off...
TYHT Poised for an afternoon sell-off! Here is my set up and thesis: MACD stumbling around the average, The price is bullied up 30% today, well above 100 and 200 day MA's. RSI is showing overbought at value=70 Entry: 3.64 Add if goes to 3.7 SL 3.83 TP 1: 3.52 (40% position) TP 2: 3.45 (50% posiotion) TP 3: 3.23 (10% position) Good luck, happy Friday!
I don't trade Bitcoin personally, but I can analyse most Forex charts and Stock charts from a technical perspective. Looks like this pair is heading into a Major resistance zone. With the right price action, there's the potential to get into a short trade.
AS explained on the chart, APPL's Stock has TWO POSSIBILITES. Quite clear huh? It's either bullish or bearish, but how much? FIRS we get a retrace towards 147-148.50. if we get this, with a bullish divergence on 1 hour chart, I believe we are headed to 156.78 (first target) if we retrace BELOW 147-148.50, our three targets ARE first- 142.50 area second-...
OPEN ->MARKET PRICE; SL-> 20PIPS;
Today Place SHORT SELL order @230 (Support) and take profit @228. Since VEDL is in downtrend, it will break support level.