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⭕Best BUY & SELL areas EURUSD 💣🔰You can see the analysis of euros in US dollars in a two-hour time frame (EURUSD _ 2H)🔍🧐 ✴️As is evident from the image, the price is moving in a descending parallel channel (black🖤 channel). After breaking the bullish parallel channel (purple💜 color) in the main bearish parallel channel (black🖤 color) the price has fallen to the DEMAND💛 range. The price can rise up to its SUPPLY💛 range as specified in the picture❗❗ However, if it breaks the DEMAND💛 range downwards, it can descend to the bottom line of the downtrend channel and the 1.618 Fibonacci retracement range (orange🧡) drawn from the A_B point❗🧐 In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
by TRADER_STREET
Best Prices for Short Term Long Position for Gold SpotI personally think the prices given in the chart can be potential points for a retracement. Here are the reasons: The downtrend wave is going for its third motive wave which can continue to the 3 prices given in the chart. Fibonacci channel and retracement showed that the 3 prices are the primary potential points for a long position. As you see, the demand zones match Fibonacci numbers. NOTE: It is recommended to exit your trade as soon as the price gives it pullback. Additionally, it is better to check momentum in H1 and M15 timeframes to see if the price is saturated or not. Although technical analysis gives us perfect positions for getting a profitable long on XAUUSD, fundamentals are a bit unstable (interest rate of USA: 2.5%) and the price may go down more than we have predicted. So, it is crucial to have a reasonable risk-reward ratio (1:3 is recommended) equivalent to your trade volume, leverage, and account. Now tell me, which price is the best from your perspective? OANDA:XAUUSD
FX:XAUUSDLong
by AregBabayn777
HUGE BUYING opportunity on Best Buy (BBY) for a move up to $150 We've just opened a LONG position on $BBY using 5.38% of our equity. Fundamental Analysis Best Buy's (NYSE:BBY) latest earnings report delivered better-than-expected results and signaled that the company’s business remains remarkably strong across all segments. It was expected to spark investors’ interest considering the fact that we usually see an increased demand for the retail stocks heading into the holiday season. Sales trends beat expectations again thanks to strong demand in both the online and in-store channels. What’s even more important is that the profitability of the company increased again despite the rising supply chain costs that the senior management has had to battle with. Both, the company’s CEO – Corie Barry and Best Buy’s CFO – Matt Bilunas confirmed for a 3rd consecutive time this year their positive outlook for the huge growth opportunities ahead for the business. So you might be wondering - “Well, if the earnings report was so great, why has the stock sold off so dramatically?”. The thing is, it’s normal to be confused as in reality it does not make any sense for the average person. However, as trained market professionals we have the ability to dig deeper and apply a multi-varied analysis to a situation like that in order to find out what is really going on and if the selloff like that is not actually an opportunity in disguise. What tends to happen very often on Wall Street is – when a certain company continues to deliver better-than expected results and raises its guidance quarter after quarter, then this reaches to a point when analysts, investors, journalists, fund managers etc. become overly bullish on the stock and start placing unrealistic expectations for the future growth of the company. It’s all sunshine and rainbows until these expectations become completely detached by what’s actually possible to be accomplished by the company. At one point the positioning in the stock simply becomes heavily one-sided, and a seemingly good earnings report and/or announcement by the company can become the trigger for a massive selloff in the stock, just because it was not "good enough", even though the business is solid, the stock is attractive and the future for the company is bright. That’s exactly what we are seeing happening right now with Best Buy’s stock BBY. Following management's delivery of the report on Nov. 23, Best Buy share prices slumped immediately by more than 10% due to traders' unjustified fears that the boom times are ending for the retailer. Even if conditions for the retailer are going to shift, however, that's not likely to derail Best Buy's ability to deliver strong returns. The recent post-Q3 earnings selloff is heavily overdone and investors are unjustly punishing the stock. The business is strong. Revenues are increasing. The earnings continue to grow. The Senior Management has been outstanding in capturing the surge in online shopping and establishing a leading position in the sector. New services with a relatively high profit margin like the Best Buy Total Tech Support powered by Geek Squad are offering a unique solution to the tens of millions of people who prefer to work from home, thus opening a whole new subscription based revenue stream for the company, which is definitely going to drive the company growth for the years to come! Technical Analysis From a technical standpoint, the stock managed to break out of its 18-month sideways channel on the daily chart in early November, 2021 as a result of the great business prospects for the company and it’s strong financial performance. After breaking above the strong horizontal resistance line lying at the $121.49 level (black horizontal line), the price rallied all the way up to the $142 mark, thus setting a new all-time high and also recording a remarkable 40% rally in less than 4 weeks. The optimism in the stock reached its peak level right before the company announced its Q3 Earnings report, as it seemed that investors already knew that the stock has substantially overextended to the upside and that a correction was imminent. We saw a reversal daily candle (shooting star) on Nov. 22Nd, which confirmed the shift in the market sentiment. The crash that followed was mainly driven by one-sided positioning and over speculation by market participants. The current corrective movement has brought the stock back down at the lower end of its prior multi-month sideways channel and we expect buyers to start coming back into the stock at these levels. All three key market indicators that we use RSI, Bollinger Bands and the Stochastic oscillator are showing that the price is extremely oversold and that a normalization of price action is imminent. Our analysis shows that the stock will return back to its all-time highs of around $140 in the next 2-4 months and will potentially push higher towards the $150-175 region. This presents a tremendous opportunity for generating more than a 30% return on our investment in the company. Follow us on eToro for more detailed market analyses, profitable trading ideas and a consistent portfolio performance! Kind regards, @DowExperts
NYSE:BBYLong
by DowExperts
BBY Fib Retracement and Prediction BBY had a heavy drop for earnings on Tuesday. I was lucky enough to have grabbed some lotto puts before close and ended up making 600%. After that, I added $125 calls 12/17 around the $117.50 area at 1.95 once I saw a reversal confirmation and that it was bouncing off the 200ma on the daily. What I expect to happen tomorrow is BBY to push up to the 124.38 area and then go back down from there. If I see it resisting at the fib, I will sell my calls for profit and switch to puts. If it is able to break 124.38 and the mental barrier of 125, I will continue riding my calls until I see a reason to exit.
NYSE:BBY
by JamesLegends
High risk high rewardHello trenders and visionaries, The reason the rich became richer is simple: they can afford to be persisent till they win. Now possibilities are there for everyone but (stay with me on this) you just can´t see it ...damn. 1-Imagine you just born and feel discomfort but can´t know why. 2-Me looking at you I know you thirsty and give you a glass of water. 3-You see it but is irrilevant for you, you just don´t know the effect of water or even what is a glass of water. 4-Then I teach you how to fix your discomfort by taking the glass and drinking water. This is my analogy of the glass of water, (if you don´t know what´s for it doesn´t exists for you). There you have it now you know what is a possibility and you just begin the fair game. Now getting back to bussines, this "currency" UNIDOWN may be a scam or higly manipulated or blah blah blah. Point is this is exactely what I am looking for, 100 USD to 10000 In a year, or just double I can live with that :) M.M.M Make Motherfuc.in Money Be wise: don´t work for the money, make your money work for you.
ULong
by DeFontain
11
Best Buy may be heading down near-termBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on August 9, 2021 with a closing price of 112.54. If this instance is successful, that means the stock should decline to at least 111.3 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 4.2515% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 8.478% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 15.7105% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 3.0 trading bars; half occur within 13.0 trading bars, and one-quarter require at least 25.5 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. At the time of this publishing, the stock has already reached the top of the small red box and may be in the early stages of the short-term forecasted decline. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:BBYShort
by StockSignaler