I don't know is it valid or not, this is for study purposes. But my pov, often check your fibo with line chart also if you are not confident with candle. Please drop me comment where should I start pull & stop if we have different idea.
#THETA (CASE STUDY) SETUP Breakout downtrendline + RAally base rally TP1: 0.83-0.88 Lets monitor closely! *Personal opinion trade at your own risk*
Fundamentally poor company.Currently forming darvas box at the base.Looks for breakout and close above the box with high volume,as well as positive earning report
Getting good support.Pin bar in making strong support will push up theprice
The trend may change for Theta Edge . Wave B might be completed. (2) or C is completed last week. I would prefer to change your portfolio. Good luck
as you see in the chart it going down in 1 day to 0.618 and you can buy there and again pullback then you can sell there good to buy in spot
Trade ideas for this counter. Price exactly reverse when touch 1.235 ( double top formation) when look to the left side of chart. There are small hidden zone 0.67-0.685 which still yet to retest in order price to move up again. Happy Trading Tayor.
33 days short base VCP development with below contraction. C1: ~21% C2: -15% C3: ~8% Today gap up + hammer candle with closing price breakout the C3 contraction. Volume look promising as well. Consider low risk entry point ~7% with 0.840 immediate support. Note: THETA seem related to telecommunication sector. Something brewing? 5G?.... Disclaimer: The...
Daily candle shows reversal pattern, could it challenge previous high @ 1.02?
Price outlook : 1. Price is in accumulation or distribution. Try to avoid the Cognitive bias effect here. 2. Based on Wyckoff.. there are Sign of Strength (SOS) after Possible Spring . 3. Based on MA's, EMA6, and EMA12 close above SMA50.. Buying opportunities 4. Entry decision : a. Entry at the current location with tight stop loss. (follow the trading...