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Candlestick analysis

IPOE : PRICE ACTION & VOLUME / MOMENTUM TRADESpeculative / Trading the Narrative SoFi going public at $8.65B valuation via merger with Chamath's Social Capital Jan. 07, 2021 10:59 AM ETSocial Capital Hedosophia Holdings Corp. V ( IPOE )By: Liz Kiesche, SA News Editor Social Capital Hedosophia Holdings Corp. V (NYSE:IPOE) soars 30% after Sofi Finance (SOFI) confirmed a Reuters report that online lending startup is nearing a deal to go public by merging with the blank check company lead by VC investor Chamath Palihapitiya. Update 12pm: Palihapitiya confirmed the news in interview on CNBC and a press release was issued Transaction values SoFi at an equity value of $8.65B post-money and is expected to provide up to $2.4B in cash proceeds, including a fully committed PIPE of $1.2B, and up to $80M of cash held in the trust account of Social Capital Hedosophia. Palihapitiya-sponsored special purpose acquisition companies have already signed deals to take Opendoor and Clover Health public via mergers. seekingalpha.com
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by TradingMavericks
7
Nasdaq futures learning pointSimilarly to a previous idea posted (and linked below), the NASDAQ is likely to have topped. In fact, the technical outlook for NASDAQ looks a lot more challenging as the Relative Price Momentum Indicator turned down in bear territory. Point here I wanted to bring up is that the last three weeks candlesticks can be viewed slightly differently, giving a deeper analysis. Note the box in the chart... IF we combine the two green candles, and we can do that as it is pretty much a meeting point continuation of the two weekly candles, and this week's candle, we get a Inside candle pattern, the set up for a Three Inside Down, most likely. Watch the coming week... check at the end of the week and you may see what I mean!
CME_MINI:NQ1!Short
by Auguraltrader
Fell Below Support Snapchat has fallen below its support level as indicated by the Kurotoga Cloud. Last time this happened on the 30min it only stayed in a downward cycle for 1 day before breaking through resistance. We are almost guaranteed that SNAP will continue to fall tomorrow but not as steep as today. Based on candlestick analysis I do not see Snapchat going any lower than 51.10 tomorrow. That may not be the case if something beyond the technicals drive the price and cause SNAP to rise. Stay tuned for trade activity and follow for more predictions.
NYSE:SNAPShort
by Myantman101
20
Earnings Push With earnings coming up there's no doubt for traders to buy NFLX and expect to make some big returns based off of a solid earnings report as Netflix is most likely doing exceptionally well during these interesting times. Aside from the fundamentals, I want to dive deep into some technical analysis. If you have been following long enough you know I love candles and that I can find trends, highs, lows, price movements, floors, and ceilings. Of course I am not perfect and have made plenty of mistakes but over all I am still maintaining my 90% accuracy rating or $1000 lost for every $10000 I make. It is not about my credibility though, it is about the signals and divergence that show where the price is heading and as you can see the MACD is showing a decrease in bear strength while D+ is showing an increase in bull strength. There are also 2 buy signals for the 3x confirm that is also very accurate. My plan is to buy a call or two Monday 1.11.21 for NFLX to hit a strike price of $525 by 1.15.21 Ultimately I do not want to hold all week, I plan on buying in Monday and selling Tuesday or Wednesday. The sooner the better! Follow to keep tabs on this chart & see my trade activity Comment your thoughts below and if you would like one of your stocks analyzed, shoot me a PM. Happy Trading and lets make some big $$ this year!
NASDAQ:NFLXLong
by Myantman101
23
EURUSD - Bullish Crab checkbackWell, some asked how do I know the level of rebound even before the fall happens, well that's not the main focus here. It is important for traders to identify real traders that share their analysis before market movement than those who flaunt their trading results & luxurious lifestyle. The main focus is at this moment the market presents a good buying opportunity with reduced risk exposure but having the same target level. The real question will be what's your trade plan on this?
Long
by RaynLim
GBPJPY - Bearish Bat on Sideway BounceA bearish Bat Pattern appears on the 4-hourly sideway bounce formation. I've almost missed this trade as there's a gap down with a different candle on Point C that's painted on my Live Trading Account on my MT4. It is a good practice to cross-check your charts on Monday especially when there is a gap, these are good practices of a trader. I've engaged the trade as the trading setup gives a very tight stop with a great profit projection.
Short
by RaynLim