Entry = 86.29 (also possible average down if it hits bottom channel trend line)
Target 1 = 88
Target 2 = 89.20
Stop = Daily close below 86.29
Trade is invalid if it breaks out before hitting support.
Also invalid if the pullback to support is caused by bad news.
Entry = Break above breakout. I'll get in if I see its finding support at the bottom of the channel
and moves above breakout level.
Target 1 = 54.30
Target 2 = 55.19
Stop = Close below breakout level
The AUDUSD is tracing out what appears to be the finishing stages of a downward move. Downward momentum appears to be finishing and our bias is largely bullish for the pair. However current downward move could still stretch to as low as 0.70191/0.70137 cluster zone. At this zone we expect to see strong buy orders enter the market if not before.
However, the...
TRADE IDEA
Long Entry = 53.59 (if it hits before breaking out)
Target 1 = 54.40
Target 2 = 54.71
Target 3 = 54.98
Stop loss = Daily close below 53.59
Trade is invalid if it drops to support based on bad news.
TRADE IDEA
Entry = 51 (if it hits before breaking out)
Target 1 = 52.09
Target 2 = 52.88
Stop = Daily close below 51
Trade is invalid if it drops to support based on bad news.
The resistance zone identified with red is a stubborn area. SPY will have to push hard to get through it. If it falls, it will likely catch support at the daily support line of 277.45 and it almost lines up with the bottom trend line of the channel as well further strengthening the support. If it breaks the channel, it will likely catch support in the support zone...
If it pulls back, it should fine support at the bottom trend line of the channel. If it falls below that, it should find support at the support zone identified. A run will make it hit 2816.75 and it may struggle there and if it continues to climb up, 2840.50 is in sight as next profit target.
Weekly Outlook chart is in the related ideas. JNJ ran up on the first day of the week. Couldn't hit daily profit target and sold off after hitting the upper trend line of the channel, pulled back the next couple of days and then made a move up and hit both daily and weekly profit targets before selling off and then finally on Friday it broke and closed above the...
$AAPL didn’t do much throughout the week and stayed in a range. It gapped up at the start of the week, hit the breakout/resistance level and sold off from there. Weekly Outlook chart is in the related ideas.
The chart from Feb 25 showed the support and resistance zones for $SPY for the coming week (link in related ideas). SPY started the week with a gap up right into the red resistance zone but couldn’t hold and sold off after hitting the upper trend line. The next day it held on to the support 1 level identified on the chart and tried to run for the resistance zone...
Normally, I keep my trading and analyses to crypto, but this Dow Jones setup looks too good to ignore. Factoring in all of the bearish signs from fundamental analysis (rising interest rates, rising unemployment, slumping retail sales, and gov't shutdown), it's tough to argue that the stock market will break the previous high.
Triple top formation is possible. I'm...
I am seeing SPY hitting the red area early in the next week, possibly on Monday. Then find resistance there and consolidate there. And, possibly, pull back to test support of 278.92 before moving higher and breaking the red resistance area. This looks to me will be a hard resistance area. Any positive or negative US-China trade news can make it go either way...
these levels on the daily chart i have drawn out are levels i have across the dow30/nasdaq/us500 indexes. with price where its at now,
short term income day trades and swing positions are available at these locations.
If we do break higher then i will be bullish till we hit our next supply levels at 2888 area and 2925 area
cheers
I've been pretty quiet on TV lately, focusing more on YouTube and quick tweets, but someone asked me to post this after I put up a screenshot in the TV chat room. I've been wanting to post one of my newer somewhat unique charts for a while anyway, so I bring you another chart that exemplifies the inverse correlation that I've been noticing over the last year or so...
Conclusion for today’s AMD stock analysis: Failure to close above $28.53 implies more downside for AMD that should see price close below $16.16.
AMD’s technical analysis for today is carried out using a 6 hour timeframe a candlestick chart, with attention drawn to the current trading zone in AMD.
Meandering price action since October 30, 2018 till current date...
Hi, Price has touched strong level and there was also a strong pivot which is a good sign to reject price for the mid-term position. wait to see good rejection candles
Good luck!
Happy Pips! :)
Great buy opportunity for ULVR at current levels, weekly stick looks to be shaping a low test candle, fantastic fundamentals with many brokerages raising price targets.
Look to take stock up to rent highs with small risk. 1:2.8 risk reward
