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Bounce

ENPH: Pull Back + Bounce + Active Level RetestBig Picture: Earnings coming up 10/25/22. Had good Earnings last time. Coming back into aggressive buying from July and last earrings period. (Will the buyers want to fight for the price a little bit now before earnings?) -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Setups: 07/20/22 - 07/27/22: ENPH broke out out from a volume accumulation + Aggressive Buying 08/02/22 - 09/06/22 Volume Accumulation 09/15/22 - 09/21/22 Volume Accumulation 09/22/22 Aggressive Selling 09/26/22 - 10/04/22 Volume Accumulation 10/05/22 - 10/07/22: Aggressive Selling -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Intraday Technical: ATR: 16.13 ATR (200Day): 14.42 DTR: 16.95 %: 105.00% RVOL: 0.82 Rel Vol (Finviz): 0.75 RSI (14 Day): 30.64 RSI (200 Day): 52.51 Volume: 2,884,739 AvgV: 3.83M Ch% (FINVIZ): -4.35% FS%: 3.31% Shs Outstanding: 135.20M Shs Float: 132.68M Inst Own: 75.10% 2 Day VWAP: 244.6 Weekly VWAP: 250.33 Monthly VWAP: 263.01 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 10/13/22 Open: 248.73 HOD: 254.21 LOD: 237.26 Close: 244.59 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Key Areas of Support: 216.82 230.14 245.49 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Key areas of Resistance: 257.08 283.43 295.02 315.29 Inflection Point: 245.35 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Trade Plan: Look for a pull back to 237.64 If pulls back to 237.64 and see absorption then start long. If blow through VWAP then Cover and look to add back in a pull back. If add in pull back this is a new trade and make sure to cover this new add at the next neck line. If hits PT 2 then look for a pull back with absorption and add. Then sell this Add right into the above neckline. Take original trade to PT 3 and sell Risk/Reward: 20% of ATR $2.88 Entry: $237.64 Stop $234.76 Exit: $249.18 PT 1: $240.52 PT 2: $243.41 PT 3: $246.29 PT: 4 $249.18
NASDAQ:ENPHLong
by ChipHazard
TTM: BIG SUPPORT on watchTTM (Tata Motors), Indian conglomerate. TTM in a clear downtrend. However, reversal or attempt for reversal has to start somewhere. Some positives signs: TTM is now sitting on a huge support which is the upper line of the downtrend channel and a historical horizontal line at $24.27. The downtrend channel was broken, which is a positive sign for the bulls, now we are retesting the top of the channel. RSI daily is oversold. For Ichimoku aficionados the lagging span also bounced on the horizontal support, so far confirming the bounce. And the price is sitting on the top of the cloud on the monthly chart. Will the support hold? No one knows. But the risk vs reward is quiet good here for a long trade with a stop at $24 for minimum loss in case it goes against you. I'm long for a swing trade. Text major support is around $23.44. Trade safe.
TLong
by Elpidaldo
NIVIDIA - Long Trade Setup - Near Key Support, Watch For BounceHello Traders, here is a long trade idea for NIVIDIA. The market is oversold and overdue for a bounce. Yes, there is the potential that price heads lower but with the DXY approaching resistance there is a strong probability that we will see a bounce in the market this week. NIVIDIA is approaching a key support level at $119, this is an excellent entry for a long trade. Take profit #1 is at $130 TP #2: $143 For a stop loss: Personally I typically average down in trades like this so please use whatever risk management strategies that you typically use that suits you. After we bounce there will likely be a rather large sell off so make sure that you don't get trapped in the trade. Thanks everyone and best of luck trading!
NASDAQ:NVDALong
by natef1
8
SPY: Very bearish! What could make it bounce?• So far, SPY is heading to the next support at $360.69, indicating we have a few more bucks to drop, and there’s no technical evidence pointing to a reversal. In the daily chart, at least, there’s not a single bullish pattern yet; • We see some open gaps (yellow squares), and they will become targets, in the future, if (and only if) SPY triggers a reaction; • In the 1h chart we see a possible bullish structure, a Double Bottom chart pattern. Keep in mind, this pattern wasn’t triggered yet, and maybe SPY won’t trigger it at all, but it is important to keep in mind a scenario where it’ll break the $370.21; • By triggering this Double Bottom, SPY would bounce back up to the $388 (its next target); • In my view, I would prefer to see it bouncing after a retest of the $360, but this could work too; • This wouldn’t be a true bullish reversal sign, and maybe would be just a Dead Cat Bounce, but could be the beginning of a true mid-term reversal. I’ll keep you guys posted on this. Remember to follow me for more analysis like this! Keep in touch.
AMEX:SPY
by Nathan_The_Finance_Hydra
10
Preparing to catch the falling market knife - short-term tradersIn this video we recap the US stock market price action from last week and game plan for the week ahead. We break down the 3 possible scenarios the market may take next week and how to plan/structure trades around them. This video was specifically recorded for short-term tactical traders looking to catch a multi-day bounce, and does not acknowledge/discuss the fact that we are in a longer-term bearish market environment.
SP:SPX
by EvanMedeiros
CSPR died in January 2021, like RchainHyperinflation during bear market - same marketcap as we had in 20c in August 2021 The team has bad image - team scolding people in Telegram (already deleted), I have screenshot in case people say I am lying Not listed on any major exchange since listing - hyped up Binance, never came Still no use case Slow chain, slow finality - eth2 coming so completely useless Same team as RChain was also Casper fork - utterly failed There is heavy selling pressure from validator - in entire bull market it did 10% up maybe then full retrace. I saw it going up by 10-30% many times during autumn 2021, all to retrace. Casperpad was also a scam - but good enough for final double top
Short
by Heartskull
3
BITCOIN DOMINANCE AT MAJOR SUPPORT! BE CAREFUL WITH YOUR ALT BAGHello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this Bitcoin Dominance update. Those who don't know, BTC.D works inversely with Altcoins. It means when BTC.D dumps, Alts will pump and when BTC.D pumps, Alts will bleed. Now let's get to the chart. Currently, Bitcoin dominance trading below 40 and it is at the major support level in the weekly time frame. Every time dominance comes at this level we have seen a pump and bloodbath in Altcoins. BTC.D goes below 39.30 level only one time which happens in 2018. This 39-40 range is a very strong support so we see a bounce from here and if it bounce then be ready to see huge dump in Alts. It's better to stay cautious now. Invalidation:- Weekly close below 39.30 level. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
CRYPTOCAP:BTC.DLong
by CoreCrypto1
10
NDX Approaches Critical Support LevelsPrimary Chart: NDX's Critical Support Levels Include a Two-Month Upward Trendline, Fibonacci Levels, and a Key Price Zone (Teal Box) The Nasdaq NASDAQ:NDX approaches critical support this week as indices give back gains from the recent rally. The most immediate support has already been reached—see the teal-blue rectangle showing a major zone of price support formed by February and March 2022 lows and early June 2022 peaks. This zone of price support also coincides with key Fibonacci retracement levels. Two key Fibonacci retracement levels lie just below where NDX trades. 12,947.55 is the .382 retracement of the entire rally from Covid 2020 lows to all-time highs in November 2022 12,695.74 is the .382 retracement of the recent two-month rally ending on August 16, 2022; 12,379.06 is the .50 retracement of the same two-month rally; 12,062.38 is the .618 retracement of the same two month rally This area of support ranges from 12,000 to 13,054. It likely will lead to a bounce somewhere in the range of 12,350 to 12,750. To determine where price will reverse, one could just pick the strongest support level near the .618 retracement with a tight stop in place. Or one could watch price carefully at each level to see how price responds. If price lingers at the support level, and slides into it without bouncing (or if it bounces and then falls right back into it and holds there), it likely may fail leading to the next level. If a support level quickly repels price, then the support may be worth considering for a short-term (several days) bounce off the support. Key moving averages shown on the supplementary chart below suggest that the momentum, at least this week, has shifted to negative. To continue the rally, price must, at a minimum, recover the 21 EMA (Daily) and the 8 EMA (Daily) with closes above both. Then both need to shift upward. Because this has not happened, the path of least resistance remains down. But the risk-reward for a short position on the NDX is not idea given that major price support has approached and will likely lead to a bounce, at least in the short term. Supplementary Chart A: Key EMAs Broken and Sloping Downward If price bounces, the gap fill area around 13,200 appears to be a spot where price could reach in the short term. This gap may also serve as modest resistance depending on the bounce. NOTE: This article is intended to present an objective, technical viewpoint of NDX's current price action and key levels using technical analysis. The author has no open position at the time of publication (August 23, 2022) on NDX, NQ, or QQQ, or related leveraged ETFs / leveraged inverse ETFs or options on the same. DISCLAIMER: This post is published solely for educational / entertainment purposes and does not constitute financial advice or an investment recommendation and cannot account for any person's particular financial circumstances. The author would not want other investors / traders to lose money by relying *solely* on this idea rather than doing their own due diligence. Before entering any trade, please evaluate the risks of (i) the instrument / security being traded, (ii) the type of trade and its timeframe, (iii) risks inherent in that type of trade and its time frame, (iv) the inherent risks of shorting securities (presenting unlimited risk without hard stops in place), (v) the inherent risks of trading options, leveraged ETFs, and cryptocurrencies, and (vi) all financial risks arising each person's personal financial circumstances. NASDAQ:NDX TVC:NDQ SKILLING:NASDAQ OANDA:NAS100USD CME_MINI:NQ1!
TVC:NDQ
by SquishTrade
2
AUCTION formed a bullish Gartley for upto 130% pumpHi dear friends, hope you are well and welcome to the new trade setup of Bounce Finance Governance Token (AUCTION) with US Dollar pair. Previously we had a nice trade of Auction: Now on a daily time frame, Auction has formed a bullish Gartley pattern. There is also a hidden bullish divergence as priceline is forming a higher low but RSI is setting a lower low. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
QQQ Selloff or Rally? Learn how to Read Charts, Remove Bias.I discuss five indications that traders need caution on QQQ (and market generally) instead of expecting an immediate directional move. This video demonstrates how to use chart analysis to form context for placing trades. By understanding the daily chart, traders can then look for good trade entries on smaller timeframes. I also created this video to counter all the directional predictions on Twitter. When developing a trade idea, consider how long it may take for the price move to happen. While channel lines and RSI may seem basic, these are some essential indicators that tell a story of what is happening. Successful traders may find this dry or unhelpful. I have recorded this for newer traders, and really for anyone who still needs to master chart analysis. If you are still copying trades without seeing your own confident setups, then watch this video.
NASDAQ:QQQ
by OptionsRising
9