I'm hoping for a short opportunity around 7/30, where two channel lines will converge. There's resistance to my target on 8/18, but if I'm lucky, that looming gap may still draw the price in. Short around $73.11, target around $69.62
I wanted to take another fresh look at the possible interpretation of EURUSD. See notes on chart. This is a long-term up-trend, with channel support at 1.353, but there are a lot of signs that this trend is breaking down and doesn't have a lot more to give to the upside. I'd be interested in your opinions...
This one's a bit elusive. 7/24 has multiple channel line confluence, but I'd like to see better support at that level. If the price can trade sideways for the next couple weeks, I'd like to see it head up from 1.361 and break out of 1.369. But, if it fails, I'm looking for an upward move through the 1.35 zone around 8/18.
I'm looking for 3 good reasons: 1. Channel line to bounce up off after retracing from bouncing off top of channel. 2. Still above 50 and 200 moving averages, with 50 above the 200. 3. Resistance at 40.6 likely to become new support. There's also a good reason to bounce up at 38.91, with channel confluence as well as previous resistance at that level.
As far as channels attest, AAPL seems mid-course. If we run up to 97.06, I'd be hoping for a short entry, but that's counter-trend. A safer bet may be a buy off one of the lower two channel lines.
Technically, Exxon looks ready to head north up to the 105.1 range. It's on the lower edge of two upward channels. Can Exxon give us a buy entry at 100.6 for a nice long ride until mid-august? The steep lower dashed trend line is created by taking an approximate equidistant away from the first two channel lines.
TSLA has bounced off it's top channel. It would take a swift downward move to get all the way down to 207 by Fri the 11th, or 14th, but it would sure make technical sense to bounce up if it did get there.
On the D1, USDJPY in in the bottom of a sideways channel, with plenty of room to retrace back up in the channel and on the stochastics. This chart suggests it's on it's way up again, but will it break out, or slide back down from it's re-test? Thoughts?
I'm hoping for one more bounce off the lower pink upslope, but I don't know if it will happen and still give me a pop up and out. Thoughts?
Is the USDCHF setting up for new move down? Let me know if you agree. (p.s. Looks like my long-term channel line from Dec.didn't show up. It's angled similarly to the blue channel, and cuts the tops off those peaks.)
I'm looking for the GBPUSD to retrace up into 1.6682 area. If we take the previous channel heartline before the drop, and apply that slope to the new forming channel, we can hopefully project a retracement up to an area of Fib retracement confluence in about 2 days. (I'm not a professional yet. Please critique my analysis below. I appreciate your input.)
I'm targeting AAPL to fall to approx. the 507 level over the next 4-5 days.
short term Buy strategy using channel cross. This has two buy points, and two take-profits.
Channel long short-term, using channel lines as entry/exit.
This is a channel cross short-term target. The only reason I've chosen Long is because that's the short-term trend. Ouch. So I was immediately stopped out. Ok. So a better plan of attack now would be to bounce off that lower line and shoot for the angled-down midline, (which it's now crossed). ...On it's way to my target? Ok, well I'm disappointed it stopped...
Short-term study of two channel intersection for either buy or sell as price approaches target.
This is an equidistant channel study, trying to capitalize on a likely goal with either buy or sell as price deviates on approach.