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DKNG BULLISH AS...DKNG 15 min chart... covered the daily chart on Friday. DKNG is in this bull flag! I am scalping Puts down to that .618 fib retracement at $46.13 and scaling in to Call Contracts for multi week swing, to be safe will get 2 week out exp. We have a gap down at 51.03 so I'm expecting some red early this week and we pick up some momentum to go up. Analyst have upgrade price targets and sports entertainment is starting to get back to normal. My PT is $60 by EOW if we see some good volume and news. Key support levels: $43.50, $35.20 My plan: Scalp puts to $46-50 range, Scale in and start small for Call contracts exp: 10/9 or 10/16 expecting to increase the size of my positions closer to 46$
NASDAQ:DKNG
by jUiCE_Trades
Descending Triangle or Bullish Flag for Gold?Gold is trading in a noticeable Bullish Flag or Descending Triangle, and the RSI is displaying a similar pattern as well as the KST. On the KST there's possibly a Triple Bottom and a Bullish cross happening on the third bottom, we'll have a better understanding of the third bottom if it remains a higher low in the upcoming trading days/weeks. If the KST gets doesn't create a higher high & gets rejected at the blue downward sloping line Gold will start looking worrisome "if" the trend continues as suggested with the green line I've drawn to represent "potential" future price action. If we see the KST develop like the blue line I've drawn Gold will look much healthier from a bullish perspective.
TVC:GOLD
by ScotianBot
Another fake-out to the downside for GOLD?Gold is trading in a multi month descending triangle that just broke to the downside, keep in mind this pattern has been moderately adjusted since my last because Gold broke out bullishly to the upside, but has since corrected rather drastically, that was a sneaky fake-out to the upside. If the green line of support doesn't hold the dark red line below is the next significant support area, and if that dark red line holds Gold will create a similar pattern just larger. The KST is looking worrisome, as I suggested in my previous post, we have seen the blue downward sloping resistance come into play, I guess the the next few weeks will determine the final outcome of this pattern if the upward baseline of support holds. The KST did cross bearishly recently, hence the reason for the green line sharply crossing over the red downward, coinciding with a decrease in price. The RSI is in a spot where we've seen previous bullish bounces, will history repeat itself? I've placed a green question mark icon to indicate where we will likely see a bounce.
TVC:GOLD
by ScotianBot
2
DOW JONES inside a daily channel 🦐DOW JONES is moving inside a channel and price after hitting the top has been rejected till the bottom trendline. Price seem to create a bull flag and before finding a support where it created a triple bottom. Now if the price will manage to break and close above the 4 structure we can set a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
FOREXCOM:US30Long
by InkyGrip
13
AUDCAD testing a weekly resistance 🦐AUDCAD on the weekly chart hit a weekly resistance and price started a retracement move. On the Daily chart price moved inside an uptrending channel and recently broke a bull flag for a new test of the upper structure. Price is now ranging between the 2 structure and price bounce over the 0.618 of the previous minor leg. IF the price will break and close above the 0.96700 area we will set a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
4
THETABTC in inside a bull flag 🦐After amazing profit ( +62% previous idea the price is inside a bull flag an it finds 4h support. IF the price will have a breakout from flag According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
8
WAVES/BTC: Consolidation Before a Bullish BreakoutIf you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. In this analysis, I'll be analyzing Waves' technicals in order to assess its bullish probabilities. Analysis - To begin with, Waves is currently consolidating within a descending channel - While creating lower highs and lower lows, this is a potential bull flag setup - After reaching support, it has formed a bullish ascending triangle - Within this triangle, we can see that it formed a textbook Elliott Triple Wave Combo Wave (ABCDE) - From this bullish setup, it broke out and closed above the 0.236 Fibonacci retracement resistance - We are yet to test the resistance at the 0.382 Fibonacci level, and could expect a rally to continue up to the 0.618 resistance - A break above the descending channel trend line would confirm a further rally to retest local tops Conclusion Taking into consideration that Waves 2.0 Testnet will be released around September 30, and the current bullish setup, we could expect a huge upside for this altcoin. Don't predict the market. Take it by levels, and play by probabilities. - Michael Wang-
WLong
by Michael_Wang_Official
2
Bullish Flag or Descending Triangle for BYND?On the RSI there was a noticeable bearish divergence that started in May where I have the red finger pointing sideways, meaning, the price was increasing but the RSI was decreasing, it appears as though the divergence has completed. On the KST there's potentially a bullish cross happening, I have placed a green finger icon to represent a previous bullish cross, and a question mark to represent where there's one potentially happening now.
NASDAQ:BYND
by ScotianBot
1
Bullish Flag or Descending Triangle for TRUL?Notice on the KST there's been a bullish cross, I have placed three blue finger icons to represent previous bullish crosses. The red finger icon on the KST is there to display some weakness in the previous bullish cross, notice how there was no higher high creation on a Macro perspective and the blue downward sloping resistance, if we get a bullish cross on the KST but no higher high and another rejection at the blue downward sloping line, it's possible we see a bearish outcome in relation price action. I have drawn a green line on the KST to represent the hypothetical scenario I've suggested is possible.
CSE:TRUL
by ScotianBot
Bullish Flag breakout for PRMW?The KST has seen some very healthy bullish crosses, I've placed three green finger icons to represent each golden cross. It's always possible we see a fake-out to the upside similar to the fake-outs to the downside where I have placed the two sideways blue icons underneath the baseline support of the pattern. On the RSI it's possible we see a retest of the downward red sloping resistance of either a descending triangle or bullish flag, if we get a retest and rejected the bottom of the pattern is going to need to hold for the bullish flag to stay in play.
PLong
by ScotianBot
Bullish Flag breakout for DKNG??It appears as though DKNG is breaking out of a bull flag, very interesting bullish cross on the KST. The first green finger on the KST back in April is what we want to see happen again, not like the red finger icon in July which basically resulted in choppy trading. Higher lows on the RSI and it's looking like a higher high is going to occur in the near term. Overall a few bullish indicators, add to the fact Michael Jordan Joins DraftKings as a Special Advisor to the Board and there's sentiment for upside price action.
NASDAQ:DKNGLong
by ScotianBot