PTON Corrections is nearPrice of PTON advancing during last period. Looking forward small retracements during next week. Let's see how it will go. Not best time to buy...
CBOE
Setup of the Day / DLTRToday we have a long setup to share. Here you will see a full explanation of how we will proceed.
Main items we can see on the chart:
a) The price is bouncing from a Daily Support zone (that allow us to look for long setups)
b) On the 30 minutes chart, we can see a Broken descending trendline
c) Currently, we have an ABC pattern (Flag structure). From a technical perspective, this type of formation is considered a bullish one
d) Based on that, we will open positions, set a stop, and take profit on the levels you can see on the chart
e) Our Break Even level is the yellow line
f) The Risk-Reward Ratio we have on this setup is 1.5
g) We will take this trade using a 1% risk of our Capital
h) Remember: Trade safe, protect your capital, and always understand what you are doing.
Our Stock of the Day / 3M CompanyToday we have a short setup to take; here, we will show a full explanation of it.
a) Before understanding this idea, we should take a look at the Daily chart
-The price reached a major reversal zone composed of a Daily descending trendline and a resistance zone
-Based on that, we can see substantial bearish potential towards the next support zone
-Having the big picture clear, we can develop our setup on the 30minutes chart
b) We have a corrective structure making a pullback on the resistance level and the broken ascending trendline
c) We have set our short orders below "C" at 158.8
d) The break-even is on the first fibo extension
e) We will close our position on the next support zone
f) The risk we are taking here is 1%.
Trade Safe, protect your capital, and always understand what you are doing!
CBOE - DAY TRADE VIEW.Refer the charts for detailed analysis ;
Go for short sell at current price and follow the mentioned stop and target level.
Thanks !!
IS TA UNIVERSAL?A friend told me to check this stock out.. I stay clear from the stock market in any capacity, but this looks like a solid trade from these crypto eyes.
Whenever you guys are ready to come on over to crypto -these set ups happen every day. Usually multiple.
CBOE - Possible Set-upWe played CME last week for a nice play. Could CBOE be next?
I do like CME long-term more than CBOE but for short term plays it looks ripe.
CBOE
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@ support @382fib 97.42
@bottom of current uptrend regression channel
Below 200ema
Stochrsi, macd, ttm setting up for a move higher.
1st Target = .5fib @105
2nd Target = 618fib @113
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
#BABA ANALYSIS.. POSSIBLE PATTERN FOR LONG TERM.. I think that the pandemic disaster we are in will continue for a long time and there will be a collapse in the markets on a global scale, in this context, I expect a structure in the stock as I stated in the chart.. The pattern I draw in the chart can be seen in many stocks, I think the second wave of sales will be more devastating, we will wait and see..
Disclaimer: Please do your own due diligence when it comes to investing.. Invest at your own risk..
I wish you all the best..
CVX: Chevron descending triangleI really don't like descending triangle for NYSE:CVX . I have fundamental analyst giving me a buy/hold signal but i am still cautious. This 139 weeks descending triangle might play out just be very careful and wait for confirmation before entry.
ridethepig | VIX Market Commentary 2020.02.23Here we are tracking the massive breakup in Vol; this is looking dangerous and is right on time with Coronavirus kicking in. This was forecast miles in advance (see charts below) and has followed the mapped flows flawlessly since the previous swing we began tracking earlier last year:
The sweep of the lows was a textbook example of clearing the board to open up the runway towards 38 and 85. We can continue to just keep recycling positions in the same levels and same direction. The price drivers keep telling us that; US Equities will also receive a major hammer as they are complete dislocated from reality.
Good luck all those in VIX from the lows... a flawless +60% position in the @ridethepig portfolio so far from the infamous "Capitulation Waters".
Thanks as usual for keeping the support coming with likes, comments, charts and etc!
Tesla (UPDATE)Tesla is now officially in bubble territory as it breaks above the major rising wedge pattern that has formed over the last decade (should be confirmed by the end of this week). Essentially, the stock price is going parabolic, similarly to Apple's stock price. Keep in mind that this means two things: 1) the stock price will see parabolic price movements in the coming months; 2) the resulting consolidation on the weekly chart will likely result in a multi-year bear market with heavy losses for most market participants. So, my outlook is bullish short-term (6 months) while bearish medium (2 years) and longer term (5 years).
My previous Tesla trade ideas:
PS. If you find my charts and comments useful, be sure to follow me on Twitter where I post more frequently.
M1 Monthly SPX SP500 - Correction neededSPX volumes are issued from the 500 spots tickers, this special ticker is made by Trading View.
-Bear divergence on oscillators
-VWMA55 (volume weighted MA) under MA55, same for 144, 233 are getting closer > confirmation of bearish volume trend, when price is going up (volume bear divergence)
-price stoped its progression on the historic channel central zone
-Rising wedge confirmed ?
Than you.
Kellogg strong, opportunity to buy cheapKellogs is an action that has been approaching a very strong area marked at 75-76 USD, therefore we expect it to reach the area in the next few days, if not, there is a probability of re testing the area of 60 USD in the mid term
This is a 2:1 stock
Netflix (Boom or Bust?)There is no doubt that gauging the direction of Netflix's stock has been one of the most challenging tasks for analysts over the last 2 years. The big picture shows the formation of a rising wedge, which is similar to other tech stocks. But price has violated the trendlines so many times that we've had to cast doubt on the validity of the upward trend. Netflix is currently trading below the bottom line of the wedge, while other tech stocks are now pushing above the top lines of their wedges. Is this a bearish sign for nflx? On the plus side, price has formed a large bullish flag. Will this invalidate the bearish picture?
I'll be watching to see if the stock can break to the upside over the coming weeks. If we get a breakout, we'll likely see new highs before the tech bubble pops toward the end of the year. If it fails, it will increase the odds that we will see a breakdown of the bullish flag toward the end of the year (another possibility is a brief but explosive breakout to the upside toward the end of the year, before a very sharp pullback).
PS. If you find my charts and comments useful, be sure to follow me on Twitter where I post more often.
Zoom outThis is just one of the possible scenarios, no1 is sure what will happen, so keep that in mind.
Recently we had a parabolic advancement, they usually retrace more than 80 proc in any markets. There is an unfilled gap at spike from 4 - 4.7k, having is coming in April, 86 proc BTC already mined. Whales need to accumulate as many BTC as possible from retailers, easiest way is to induce market capitulation. Keep in mind that derivatives market (futures, perpetual contracts..) is 18x bigger than spot market and has a huge impact.
FOMC tool - 40% NO-CUT Using the FOMC tool, we see a:
25 basis points rate-cut --> 58.8%
NO rate-cut --> 41.2%
To get these rates:
www.cmegroup.com
Tomorrow's volatility will surely grow, even if the FOMC cuts rates; with these percentages, we can expect J. Powell to suggest no more cuts in the future.
You can also expect Trump to fight this, hard.
**FOMC meeting to take place in 26 hours.
