Today I analyze NASDAQ:NFLX stock price movements. Here I use my box strategy combined with Fib retracement. NASDAQ:NFLX stock price is in a long-term rising trend channel. However, it has been kept in a 465-575 range since June last year, hence the box formation. There was an unseccessfull box breakout attempt in January 2021 where the price reversed to a...
Today I am taking a look at a Chinese EV manufacturer NYSE:NIO stock price movement. NYSE:NIO stock price has been moving mostly sideways since the end of last year. Price was trapped in between two major supply and demand areas: 30.5 and 54.5. This area is outlined by a big box. The only exception was the breakout on January 2021, but price quickly...
Today I am going to show you implementation of my boxes trading strategy on NYSE:BA stock price movement. Boeing stock price has been extremely volatile since the COVID crash. Let's take a look at it's last 6 month price movement. 1. Price bounced from long-term support and found a new demand at 205. 2. Price reached 278 and got rejected from a strong...
Here is my technical analysis of NYSE:U stock using my boxes strategy. NYSE:U price has broken out of the box recently on great earnings news. In 2 days it hit a long-term resistance and reversed down. Price has bounced off of the box ceiling that has become support now. I see two scenarious for further stock movement. Scenario #1. 1. Price breaks...
Video is clear. Above the three most recent balance areas. Potential INTRA DAY SHORT. ALTHOUGH. Larger time frame. We are still in buy zone from the largest most recent consolidation box for DCA. as good and promising place as any. For a trade. I'd look for a small correction for a tighter entry. Happy trading keep stacking it. Not Financial Advice. Just...
Looking to go long on SNAP? Consider this picture first, please.
Boxes, people, boxes! Look at my boxes and be embarrassed you did not realize to put horizontal rectangles in the same place that I did. It has become clear to me that my boxes are dictating price action. Feel afraid? Confused? Read on, you weary soul. I believe there's a chance that price will move down a bit into the developing VA (the blue lines you see on...
Range Box Part 4 ( this really is the last video on Range Boxes this weekend ) I wanted to show you a trade that a scalper might have taken.
My previous "focus" yellow box was beared out "RED RED RED" now on to the next focus box. keep your eye on 1155 level and the bear/bull fight at the 1172 area. Trade safely!
What I have generally been noticing on the price ticker on my phone is the lack of any big downtrends on the long term trends. For instance, the previous high we made this month happens to have made it all the way up a big chuck of the way. Not characteristic of what we had been in previously (blue box). So, for the moment it is a giant stability period. An...