Chart originally created in May and now pictured with current price. When first posted it had just hit resistance and appeared bearish, along with a divergence in the RSI.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
The previous entries were not valid, as the price never closed above the trigger.
After the breakout the price moved to the target.
Last support was the ema 50h
No DD
Top Performance of 2.17%
Whats The Plan/Trade/Thought
With the housing market facing headwinds with rising mortgage rates soaring past 7% (The highest since 2002). Housing should expect a cooldown as it is tied directly to the rising Fed interest rates.
Risk Mitigation
While there is an S&R line at 22.3, if price hits 24 it would point to me being wrong on the direction short...
1. Saturn — Uranus angles contain uptrend from 3/13/2020 low.
2. Mars — Uranus aspects (degrees) catch numerous trend changes.
3. Mars — Uranus moving 360° from 3/13/2020 low catches run up to 4/1/2022 high.
4. Mars — Uranus aspects projected into 2023.
Here's my game plan on a current swing trade I'm in on $X. I definitely pulled the trigger a day early on my entry, but we held my stop which was nice. Looking for some continuation until the next levels of resistance are reached to take profit.
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We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
So previously we went up from a "Kite Diamond" that I put in blue, later... due to trendlines the pattern is even bigger than before, its potential resets now and we have a massive triangle to potentially mature into and when we pop I gave it new options. Why simply not the original shorter lengths of my rectangular measurements? Well, I added both because as a...
NYSE:X
X has low volatility as a value stock- it has been in a gradual uptrend
with increaing relative volume including spikes the past few days
even during a general market selloff.
I see it as a potential swing long trade now setup for a relatively low
risk trade.\
Good Day - hope everyone is good, and enjoying the opportunities currently being presented by the Market.
Aim of the post above, is to highlight simple principles that can propel Retail Investor chances of success, to the next level.
The next level meaning - mental equilibrium, excellent R/R opportunities and the ability to execute opportunities flawlessly.
In...
X, textbook LSFB short-sale case study from the 2022 bear market. Note that $X's PE was 2 (yes, TWO) as it busted the 20-dma in late April, now its PE is 1. Don't let low PEs fool you - they in fact reflect a severe lack of demand for the company's forward earnings stream.
The daily chart of X (United States Steel Corporation) shows a clear five-wave decline coming to an end. While we might see a small decline still, we recommend going long here as this will be followed by a three-wave correction that could take prices back towards 25/28$.
