Happy Holidays By Sun Storm Investment Research A Profit & Solutions Strategy
Bearish Gartley pattern has formed on the Toronto Dominion Bank price. We have 3 different take profit levels (depending on your risk/reward appetite). Stop loss can be placed at $58. This pattern was detected with my "Harmonic Scanner."
The PEAD projected a bullish outlook for $TD after a Positive under reaction following its earning release placing the stock in Drift A If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Hey traders, TORONTO-DOMINION BANK is in a fake bearish configuration with low executed buy volume and an inverted hammer. On the TIMEFRAME M1 we see a doji in the form of a tombstone she made an attempt to bounce on the VWAP. She goes in the direction of the last low point to make a strong potential turnaround to test the VWAP. Then the broken at the same time...
Breaking out above historic price channel. May revert back down into the channel (notice positive divergence between price and volume). Bullish long term - will likely add to position if does retrace downwards.
TD touched weekly LBB and bounce also the support at daily 58.72. Yesterday candle combine with Wednesday candle confirm the temp bottom in and it should move back up to MBB and even UBB daily. I would get some here for a swing trade target at least daily MBB depends on mkt condition it should be able to reach daily UBB as well.
Prices completed Heads and Shoulders expect them to go down to correct prices to the 43.75 area that's where you take profits
Outside of LBB, daily O/S - There should be a good chance the gap will get fill before another leg down. I would try some here.
Looks like TD in making a daily bear flag....I would try some TD for a short term bounce around 62.20/30 if 61.75 holds.
As TD continues if it bounces off the green line I will assume a short play if it continues passed the green line I will go long. I am bear biased on the market. Its more likely that it will continue higher 55% and 45% it will go lower. Stocks usually go up :P This is a journal entry. Not trading advice.
Looks like money rotating to Banks which is great, however, there are 2 gaps that need to be fill. I will be short here with gap fill targets. The risk to reward is around 1:4
Information Position: Long Size: 2 Price: 61.70