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BOOM

VROOM go BOOM!I really like the way this chart is developing. After finding support at $35.83 it made a healthy move higher and should continue to move in this direction. They are airing a commercial during the Super Bowl which should increase site/app traffic and the company reports early March. The new and used car markets are still hot. With major autos like Ford and GM announcing production shortages due to chip shortages VROOM is a great stock to be in. One to two week price target of $52 followed by one month price target of $68.32 with an earnings beat in March.
VLong
by Profit_Center
2
LINK- Bullish Fractal Present, But that usually means retrace.LINK seems to be throwing u bullish fractal. This is generally a sign we're gonna get growth, but after a retrace. This will be invalidated if we get a volume confirmation on a breakout from top line, at which point I'd look for a retrace then get in. At the moment I'm not seeing a true breakout, we're at the upper resistance limit, which might be the START of a breakout but no confirmation yet. Two paths we can go here in my eyes, either the bull fractal gives us our retrace and text book entry down the fib levels, or btc.d keeps slipping and link gets the volume to bust through here and we look for a retrace to continue upwards. Both options should show confirmation before they hit, so set your alerts on the volume for a breakout. and trust in the volume to not lie to us.
Long
by cryptosince1963
3
YFI - Bounced off the liquidity zone as expected - Retest soon?YFI on the 4H is looking short term bullish with a good bounce out of our historic liquidity area. As we can see in the past, this doesn't tend to be a one time deal, with at least one retest of the area before we move onward and upward. We're also testing the short term upward resistance, looking to breakout. I suspect we'll get another market shakeout at some point over the next few days that will lead us to retest the liquidity area, we'll likely bounce off a lower short term high first to form a consolidation wedge. Then on to the next targets.. Wait for the retest or breakout and play it accordingly. This isn't financial advice.
Long
by cryptosince1963
2
S&P Analysis Week of 11/15/2020: New All Time Highs?Will the market make new all time highs or will it dump and start its correction leg lower? Last week the market made NEW all time highs after pulling back. The week ended green and price spent most of the trading sessions consolidating (building energy for the next leg up or down). This week the variables are much simpler than previous weeks. My bias is more towards the upside because on Friday we closed above a very important resistance level (3575 - the previous all time highs). This was a zone that price had trouble getting above but finally accomplished it at the end of the week. Although my bias is to the long side, I have trade setups for both the long and short so I can take the trade the market gives me. I don't try to force trades. My Trade Setups: Trade 1: Get above last Monday's break down candle (~3607 with retest) and we are likely to make NEW all time highs. I know people really doubt this scenario and have been shorting the market again. Look at my rationale below. Trade 2: Get below last week's strong support area (~3435 with retest) and we are likely heading down for the next correction leg. Keep in mind the area I marked as NO MAN'S LAND . I would not be taking a new trade within this area. DO NOT PLAY THE BREAKOUTS. Last week was a great example of why you don't play the breakouts. More times they either come back down for a retest of the breakout area, or they become failed breakouts. Wait for the retest and resumption in the direction of your trade. Rationale: The reason why I have the strong resistance where I have it (~3575) is because price loves to retest the top of breakdown candles and the bottom of break up candles. Once price begins climbing the breakdown candle, the higher they go, the easier it is price will reach the top (it acts as a magnet). It is very likely this week that price will reach the top of this breakdown candle and find heavy resistance. You'll usually see price pullback some after getting to that point. It rarely breaks out on the first try. Getting above this heavy resistance will allow price to breakaway and could form new all time highs. This is why I have that area marked as strong resistance and why you can take the trade above this (after a retest). The previous all time high might act as some resistance but by then it should be easy to break. Good luck trading. "When it feels really wrong, it's probably right. When it feels really right, it's probably wrong." Please support my chart by hitting the like button. Thank you.
CME_MINI:MESZ2020Long
by XYZ-Trader-
4
AMZN Bullish through earningsMy previous post underestimated the size of the handle and we ended up filling the gap over night. I think we are very bullish from this point until earnings. I would guess a sell off right before and continued strong growth afterwards. We are coming in to the holidays and if retail shopping wasn't bad enough before, now we are dealing with social distancing and a pandemic. It seems clear that Amazon will far exceed any previous earnings. Here's to hoping they are prepared.
NASDAQ:AMZN
by KanyonKing