Beginner
NASDAQ- Thursday reviewNasdaq went down by 300 points yesterday. The fundamentals gives us reason to believe there will be a fall but the technicals has not shown that yet, technicals show that we are still having a pull back but in an uptrend. I am expecting more pullbacks today, the dept at which it falls will determine if still making corrections to the downside or we have a trend change.
NYSE:RNG $276 TargetDISCLAIMER: I'm a beginner and this is one of my first attempts at analyzing a trend. If you think my reasoning is wrong here, please tell me.
We can see that NYSE:RNG price is currently consolidating, with lower highs and higher lows, and after this consolidation period the price should begin a new trend. Given the bullish history of that stock, the fact that overall we're still in an ascending trend, and that the market is slowly recovering from the COVID downtrend, I think its price should continue to rise a little bit, break the 1st resistance and reach at least the 1st target (but I don't think it will break the 2nd resistance).
Target 1: $276
Target 2: $283
Target 3: $290
4010 Buy CallTADAWUL:4010
Hello,
I am a beginner trader and bought 4010 at 23.54 SAR based on below. Only using the basic technical analysis till now as i'm still learning.
1- Structure broken (Resistance broken 8-Jun-20)
2- High volume and Bullish engulfing candle recently
3- EMA(50) overlapping EMA(200)
Target is short term trade and will close if reaches around 28SAR.
Appreciate your feedback, tips or corrections in my approach. thanks a lot
AUSSIE DOLLAR FOR A SHORT? AUDUSDFOREXCOM:AUDUSD
Note: (MARKET IS REACTIVE AND NOT PREDICIVE)
From a daily perpective, price has clearly rejected the resistance zone and has created a historical double top.
Price is also at a support zone and we can see a break in support
Since market price moves in waves, the price can break the support and retest the broken support before making a move to the target of 0.61764
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With this 200 pips can be caught.
Also we see there are two uptrend lines which acts as a support, one has been broken, with a few candles the other will be broken. If this happens we can confirm with the strategy used to initiate a short position
Entries will be initiated using one hour or four hour timeframe.
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