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Breakdown

EURNZD | Perspective for the new weekI am not certain that the Euro is ready for Bullish bounce in the nearest future as a continuous rejection of Supply zone and Key level since the beginning of the month remains an emphatic sign of a Bearish bias. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand |Trendline Observation: i. Bearish Trendline: The visual representation of line drawn over pivot highs represented on the chart (Pivot I to VI) explains the prevailing direction and speed of price in the last 3 months. ii. The Breakdown of NZ$1.67000/1.66500 area February 2021 followed by rejection of this zone emphasizes the strength of Sellers at this juncture in the market. iii. A further breakdown/rejection of NZ$1.65400 in the coming week(s) should encourage adding to the existing position as the Key level remains a yardstick for Bearish tendencies. Trading plan: SELL confirmation with a minimum potential profit of 350pips. Risk/Reward : 1:4 Potential Duration: 5 to 10 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
EURAUD | Perspective for the new weekThe first observation on this chart is the Descending channel drawn by connecting the lower highs and lower lows of price action with parallel trendlines emphasize the prevailing trend that began in October 2020... It appears the price is willing to respect this channel in the coming week as a Breakdown of AU$1.545000 level followed by rejection is a clue supporting a Bearish bias. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Harmonic pattern (AB = CD) | Descending Channel Observation: i. In the last 21days, the AU$1.54500 level has been a major determinant of the direction of price action. ii. A breakdown of AU$1.54500 on the 10th of March 2021 followed by a continuous rejection of this level in the last 9 days is a clue that structure might transpose into a harmonic (AB = CD) pattern (see parameters below) in the coming week(s). a. Leg A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg makes a 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move @ AU$1.50000 area. iii. In the coming week, I shall make the level @ AU$1.54500 a yardstick for downtrend continuation. iv. Pleased note that a significant Breakout of the Channel shall render this setup invalid. Trading plan: SELL confirmation with a minimum potential profit of 400pips. Risk/Reward : 1:4 Potential Duration: 7 to 15 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
4
THO BreakoutEDIT: Sorry I didn't notice the KEY is unlabeled . -The top red box in the key indicates stop losses -The bottom green box in the key indicates buy zones Followed this one for a while and have predicted the moves since the break over $100 pretty well, just haven't pulled the trigger on any trades yet. Mostly due to the extreme swings it has. (Beta is just under 2.4 so this thing is pretty volatile) This isn't one of my most confident trade ideas but I like following this stock and its a pretty fun stock to follow and predict. Obviously with the high Beta, if we see a move into a bear market this stock could test the lower demand zones above $100 very quickly. ($110 range for higher demand, and $101-$103 for the lower demand range)
NYSE:THO
by rickhubbard10
DDOG move into EarningsDDOG is pretty much a stock that runs independent to the overall market. At times it can be manipulated, and vast amount of insider selling happens often. One thing I have noticed with the stock when it comes to insider selling, it is constant but can be somewhat deciphered when looking into the SEC form 4 filings. Most of the insiders use an algorithm based selling strategy. They decide how many shares they want to sell that day and the algorithm triggers trades throughout the trading day. If you look at the filed form 4's, when the algorithm does not trigger enough trades to sell all of the requested shares, it has traditionally meant that the algorithm isn't triggering many strongly sold areas of resistance. Indicating that the stock is showing strength and is likely but not guaranteed to continue to increase in price in the following days. Another thing to look for is amount and timing of the insider selling. -for instance the CFO Agarwal Amit usually sells his shares on Wednesday's, usually second Wednesday of the month in the amount of 22,500 shares. In the past, when he reports selling shares on a day other than Wednesday it usually indicates an upcoming volatility of share price. If he sells more than his 22,500, it may show that insiders are looking to take some additional profit while the stock price is nearing anticipated highs. -additionally the CEO and CTO normally sell their shares the first week of each month, in the same manner. All time highs have also had the tendency to be hit on a Tuesday leading into a Wednesday sell-off. I would be surprised if DDOG doesn't make a run to challenge upper $90's in the near future. A rejection of a bounce back leaves the stock with room to trail down into the low 70's and potentially further into the mid 60's
NASDAQ:DDOG
by rickhubbard10
BA Breakout Price Targets with potential breakdown levelsIf Boeing can stay away from bad news and regain the ascending channel , it should continue to test the top-side of the above channel as resistance . My thoughts are that potential breakdowns may occur after a failure to test the top-side resistance of the ascending channel . Or after its 3rd test of the top-side resistance of the channel . With good news and Japan continuing to buy equities rather than debt , I don't see it being out of the question for BA to break that top-side trendline resistance and reach the previous all-time-high trend demand zone into the mid $290s
NYSE:BA
by rickhubbard10
1
USDCNH | Perspective for the new week | Follow-upWe saw the price decline and move over 1,000pips in our direction since my last publication before the rally began during last week trading session (see link below for reference purposes). Despite the general perception that the USD is on the verge of a rally due to the sudden & rapid rise that appears to be running ahead of itself during last week trading session, I am of the opinion that we are at a juncture in the market where the structure/pattern is "screaming" risk of further decline for the Greenback in the coming week(s). Even though there is room for a possible rally into the major Supply area @ Y6.5100 area, my bias still remains Bearish! Tendency: Downtrend ( Bearish ) Structure: Harmonic Pattern (AB = CD) | Breakdown | Supply & Demand Observation: i. Since the beginning of the year (2021), Buyers have found it difficult to break the Y6.51000 barrier thereby leaving clues of strong selling pressure at this zone. ii. Continuous rejection of the Y6.51000 area followed by a complete Breakdown of Key level (Y6.4600/6.4400) at the beginning of the month (Feb 2021) is a sign emphasizing the strength of sellers. iii. I am of the opinion that the rally that began on the 15th Feb 2021 is a Correction of the Impulse leg AB (expressed on the chart). iv. Last week trading session saw price close at Y6.4600 area - exactly 61.8% retracement of AB with the possibility of extending into the Major Supply zone @ 78.6% retracement (appearing to be a rejection of key level) before the decline begins. v. The setup evolving at this juncture might transpose into ABCD pattern parameters explained below; a. Leg A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is currently hovering at 61.8% (with a possible 78.6% in the future) Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. vi. It is hereby required that we become patient and wait for a strong Reversal pattern on lower time frames for confirmations... Best of luck and Trade consciously! :) Trading plan: SELL confirmation with a minimum potential profit of 1,000 pips. Risk/Reward : 1:3 Potential Duration: 7 to 14 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
6