Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 40/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
ENTRY: 66.34
SL: 62.96
TP: 69-71
- ADX<20. Would like to be higher.
- Maintaining at pivot point "P" and HVN level.
- Strength meter is green hence some strength.
- Entry based on breakout from VZ today.
1) Flag and Pennant:
Break-even failure rate for up/down breakouts: 54%/54%
Average rise/decline: 7%/6%
Percentage meeting price target for up/down breakouts: 35%/32%
2) 3 White Soldiers:
Theoretical performance: Bullish reversal
Tested performance: Bullish reversal 82% of the time
Frequency rank: 67
Overall performance rank: 32
3) Adam&Eve Double Bottom:...
Hey guys, SEALED AIR CORP is in an uptrend with a bull shadow and a strong buy volume. On the TIMEFRAME 1 min we can see a buying shadow that still wants to go up. Big potential to reach the next high then three supports to pass thereafter, See TIMEFRAME 4H.
But with the large volumes of purchases executed it can collapse.
Please LIKE & FOLLOW, thank you!
Sealed Air Corp. engages in the provision of food safety and security, facility hygiene and product protection services. It operates through the following segments: Food Care and Product Care. The Food Care segment focuses on providing processors, retailers and food service operators a broad range of integrated system solutions that improve the management of...
SEE has one of the harder tops to identify before the collapse called a Sheer Cliff. The rounding price action occurs because larger lots are carefully selling into rising prices. The Sheer Cliff occurs when buyers disappear. The stock is holding at the gap up support level.
This 120m chart of SEE is showing what appears to be an ongoing impulsive rally off the October 2018 low. Price bounced from the $30 level to $38 in Wave 1 before a sharp retracement in Wave 2. A parallel trend channel formed by connecting the swing points was broken in February on strong momentum, signaling that the stock may be in an extended Wave 3 move higher....
I not a pessimist, I'm realist and opportunistic. And the reality is that the Dow and others indexes are dropping.
Traders make money in bull and bear markets without make predictions. Adaptability for the change is the key.
Technical Concept: Support becomes Resistance (Resistance=Red Arrows) (Support=Blue Arrows)
First look how the price broke the support...
Momentum was weak since mid 2016. Recent strong sell-out after rising to the previous support line at 42.00.
Even though there is a strong resistence line at about 39.20, a break would provide hugh space for a drop.
The entry is relatively aggressive, but a targetable chance-risk-ratio of about 2 is for the first target is quite good and will likely be hit even...
