XAUUSD LONG NEW LONG POSITION, with every drop in a bullish market we look for longs.
cheaper price to go to new highs
AND
Roku Bullish C&H + Bull Flag patternsRoku Bullish C&H + Bull Flag patterns
Wkly & Dly bullish patterns
Carefully blaance your ability to travel to see loved ones.BEWARE OF LOUD IMPOSIITIONIONING VOICIES SEEKING TO BNKRUPT WHAT LITTLE YOU DO YOU HAVE LEFT. KEP THE FAITH AND STAY IN YOURT TRADIITIONS AND ART THT HAVE BEEN TIME-TESTED, RATHER THAN GOING INTO THE CITIES FOR "WEALTH" WITH NO PURPOSE
Always maintain a clear head. Do not let the mob tyrannize you. this is History being made.
Owens and Minor Long AFThis is a stock with strong fundamentals. There are a few key things about this one.The true bottom should be the 30 week MA at 4.50 and that would be amazing getting in at that price but... I feel like this stock has held up pretty well in the recent whiplashes in the S&P 500 and more importantly the 30 week moving average is pointing it straight up so I believe this will not drop any further. If it does, then capitalizing on the drop by buying it would make sense, assuming the market itself isn't taking a shit. Furthermore, you can see the MACD signaled this a few weeks ago, I love the MACD community indicator by ChrisMoody because it shows you a green or red blob when it crosses over. Then promptly after the MACD signal, the RSI crossed over on it's average and it's now centered. I think this stock has the momentum to push up rapidly in price. It's hard to say but around 13-15$ seems chill for a short term sell goal.
Chop Zone 10kIntroducing the Chop Zone 10k. This is an improved version of the Chop Zone 9000 and includes "RSI-like" lines but this is not RSI-- it's better than RSI. There are 5 lines and as the selling begins, 4 of the 5 split into positive and negative dualities, resulting in very hot "do not touch" look on the chart. If you do touch it while it's hot, you may get electrocuted! Real RSI at the bottom for comparison. This indicator would have gotten people out of the market as early as FEB 20th and back into the game on March 24th. I created this indicator to create trading as easy as possible. There are no special rules on how to use. It is also my belief that the tools made available to average traders are severely lacking because all of them require additional indicators to verify the signal. I am not sure if there is much else I can do with Chop Zone. This is pretty much as good as it gets.
AUDUSDTF: 1 Hr
Possible small H and S forming on the 1 Hr. Could see some downside from here if the formation holds true.
nzdcad,SEll outlook A brakeout of valid trend combined with
an emerging head and shoulder pattern
risk: reward ratio is 2.49.
DE30 Index Trade Idea DE30 Trade Idea.
Currently price is bullish. Price has broken above the resistance level which now may slowly turn into a support level. Waiting for a possible retest of this level and a further confirmation before placing a buy trade.
However, price has also met the daily high level and we could see a possible trend reversal should price fail to continue its bullish run. Should such happen I will wait for a retest of the level as resistance as well as a confirmation and place a sell.
I also speculate a possible doji candlestick forming hence the trend reversal.
Minimum R/R - 1:1
GBPUSDTF: 4 HR
Potential inverse head and shoulders pattern may be forming on the 4-hr TF. The potential retracement to make the right shoulder would align around the 0.382 and 0.50 levels making this a decent trade to the upside.
EJTF: 2 Hr
Possible inverse H and S on the 2 hr and 4 hr TFs. Bullish divergence can be seen developing on the RSI and price has retraced and is currently trading in the golden zone (between the 0.50 and 0.618 levels).
May be see some buying here to complete the right shoulder and move up from there to ~123.
See my previous EJ forecast here:
EURUSD - Head and shoulders with massive risk - reward ratioEURUSD has been in bullish trend for some time now and we see perfect pattern of Head and Shoulders at the end of the bulltrend, so a reverse is expected. We have broken a few times the neckline, but went right back through it, which is called whipsaw, made only to trigger orders and stoplosses. Execute a sell order with small lot and put the stoploss at the high of the right shoulder.
EURCHF - Time for another correctionAs we can see, when we started the channel we had head and shoulders pattern which was successful, so right now we are inside a channel and we have formed another head and shoulders pattern, so if we break through the neckline, we should expect a drop as following. there are 2 supports that we have as TP . Good luck!
SMITH&WESSON ($SWBI) 🚨 | This Portnoy Pump is Locked and Loaded🔪 If you are a bear, the last thing you want is to be staring down the barrel of this Smith & Wesson chart especially after Warren Buffet's successor David Portnoy set his sites on it.
SWBI has been on an absolute beast of a run since the bottom as demand for firearms increased during COVID.
We have some clear support levels going into what should be a solid earnings report on June 18th. SWBI is locked, loaded, and ready for gains, we just need to pull the trigger as we target the next resistance.
Support:
We have tested this level already, we may see another test, or we may simply move up from here, both work well for the bulls.
If S1 can't hold, the bulls will need to see the S2 orderblock and S/R flip hold. Although this level could work, it also opens the bulls up to a potential move to the downside as illustrated on the chart.
Earnings is only two days away, losing momentum going into earnings may still result in a nice move for the bulls, but what bulls really want to see is the rally into earnings (as that gives them more flexibility to say close part of their position before earnings come out). Given this, S1 and S2 are the only logical targets for the timeframe.
Resistance:
In a perfect world, the bulls see a move off of S1 right into the R1 prior S/R flip before earnings. This simple and quick play offers about 14% profit.
If the bulls can make it past R1, perhaps on earnings strength, then the R2 orderblock is the next point of contention and is a logical place to look at closing positions after earnings.
Summary:
Nothing wrong with being long term bullish on SWBI, but for those who are just playing the Portnoy pump your ideal play here is a quick trade, in-and-out before earnings. For those a little more bullish, earnings is likely to be impressive and we could see R1 or R2 hit after depending on what happens leading up to the 18th.
What you don't want to do is try to be a hero and go bull below S2, riding the momentum makes sense, but being late to the party could mean ending up being bear food.
Resources:
www.earningswhispers.com + www.theguardian.com + www.fa-mag.com
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RBL BANK TECHNICAL VIEWRBL BANK TECHNICAL VIEW. WATCH ANALYSIS AND CATCH THE PRICE ACTION AND MAKE BIG MONEY WITH FUTURE TRADING AND OPTION TRADING.
USDCAD - 1 hras you can see on elliot counter the rpice is nicely on correction phase and some how is similar to Head and Shoulders
just wait to retest the neck line and bingooooooooo
EURGBPTF: 4
I was looking to short this pair last week; however, price moved high quickly and dropped shortly after making a H and S pattern. Currently the right shoulder could be in the process of being completed. I am looking to short and entered in as shown on the chart. Bearish divergence can also be seen on the RSI. I am expecting a large move down.
