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Channelbreak

IMAX - Upward channel Possible earnings play, $31 March PutsIMAX seems running within an upward channel, also forming a possible bear flag formation. On the other side we have the earnings coming in 2 days. So we would like to take advantage with option, and we would consider $31 March-17 Puts, last traded for $1.25 * Trade Criteria * Date First Found- February 19, 2017 Pattern/Why- Upward channel, Possible bear flag, Possible Earnings play Entry Target Criteria- Current price Exit Target Criteria- $29 Stop Loss Criteria- N/A Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:IMAXShort
by AcornWealthCorp
DXY BULLISH - Breakout out off Bearish 4h ChannelThe US Dollar has been in a bearish trend downwards ever since the start of 2017 markets Now it has finally broken the resistance trendline of this channel. Quite notably, the 4h candle circled broke below 100.24, an area of short term resistance that is easily seen on the 1h chart. However, price closed above it, indicating that the downtrend is finally over and bulls are ready to take control. If you see a bearish setup on xxxUSD pairs, and bullish setups on USDxxx pairs, use this DXY chart as support towards confluence.
TVC:DXYLong
by MtxTrader
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