AUDCHF (Daily) SHORT IDEA: Retesting the MAIN RESISTANCEPOTENZIAL PROFIT: 100 PIPS
TECHNICAL ANALYSIS:
-Since the end of March 2020 until the beginning of June 2020, the market has been following a strong uptrend, bouncing on an important weekly resistance zone. During this bullish movement, the price was all the time over the EMA 50, this confirmed the strenght of the market, plus an increasing of volumes, momentum and volatility.
-The main resistance zone rejected the price and since the 10th of June 2020, the market has been moving in a side trend, occasionally retesting the main resistence.
On the 1st of September the price started falling down in a downtrend (overbought price and high momentum gave a nice short opportunity.)
-On the 20th of October, the price bounced on the support zone at about 0.63715, inverting the trend. (the price failed the retest of the support, clear sign of weakness to continue the downtrend).
CONCLUSION:
The price is actually in uptrend, it reached a really strong resistance level that already rejected the price in the past.
The price is overbought but it still seems to be strong enought to carry on for a while.
I would not open any short trade right now, because I can't see any sing of inversion, I'll study the price action during the next days and eventually get a good short opportunity after the price will break the daily support level at 0.66912.
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Gianni
Chart patterns
$IDEX PT 7 AND HIGHER BY FEB 8thIdeanomics, Inc. focuses on monetizing the adoption of commercial electric vehicles, associated energy consumption, and developing financial services and Fintech products. Its Mobile Energy Global division provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs. This division also offers solutions for the procurement, financing, charging, and energy management needs for fleet operators of commercial electric vehicles. The company's Ideanomics Capital division provides financial services solutions. This division is involved in the areas of capital markets, such as financial products advisory and creation, with specific focus on the application of blockchain and artificial intelligence in financial technology. This division also operates EKAR, an exchange traded fund that tracks the Innovation Labs Next Generation Vehicles Index, which comprises of global stocks that have exposure to the theme of electric and self driving/autonomous vehicles. The company was founded in 2004 and is headquartered in New York, New York with office in Beijing, China.
$MVIS PT 45 and higherMicroVision, Inc. develops scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions under the PicoP brand in the United States. Its PicoP scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics. The company's products are used in interactive and non-interactive projected displays; 3D perceptive light detection and ranging (LiDAR) sensing for consumer electronics; augmented/mixed reality; and 3D Perceptive LiDAR sensing for automotive active collision avoidance systems. It sells its products primarily to original equipment manufacturers and original design manufacturers. MicroVision, Inc. was founded in 1993 and is headquartered in Redmond, Washington.
$BLNK PT 95 and higherBiden passes Bill for 500k EV Charging Stations...
Blink Charging Co., through its subsidiaries, owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based system that operates, maintains, and tracks various Blink charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing; and provides EV drivers with station information, including station location, availability, and applicable fees. In addition, the company provides EV charging hardware, site recommendations, and maintenance services. It has strategic partnerships across transit/destination locations, including airports, auto dealers, healthcare/medicals, hotels, mixed-use, municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations. The company offers its services through field sales force and reseller partners, as well as sells home unit chargers through various internet channels. As of December 31, 2019, it had approximately 14,778 EV charging stations. The company was formerly known as Car Charging Group, Inc. and changed its name to Blink Charging Co. in August 2017. Blink Charging Co. was founded in 2009 and is headquartered in Miami Beach, Florida.
$WWR PT 7 and higherWestwater Resources, Inc. operates as a diversified energy materials development company. It primarily explores for lithium, graphite, uranium, and Vanadium deposits. The company's principal project is the Coosa graphite project covering an area of approximately 41,965 acres situated in east-central Alabama. It also holds interest in lithium projects, which include Columbus Basin project covers an area of approximately 14,200 acres comprise of 2 blocks of unpatented placer claims located in western Nevada; and the Sal Rica Project covers an area of approximately 13,260 acres situated in the northwestern Utah. It addition, the company holds interests in various uranium projects, including 188,700 acres in the west-central part of the New Mexico; and Texas. The company was formerly known as Uranium Resources, Inc. and changed its name to Westwater Resources, Inc. in August 2017. Westwater Resources, Inc. was founded in 1977 and is based in Centennial, Colorado.
$YGMZ PT 30-60 and higherMingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking and delivery services using its truckload fleet and subcontractors in the People's Republic of China. The company provides dedicated truckload services to sizeable logistics companies, freight forwarders, and warehouse operators. It operates a truckload fleet with 132 tractors and 90 trailers. MingZhu Logistics Holdings Limited was founded in 2002 and is based in Shenzhen, China.
$VIRI PT 30 and higherVirios Therapeutics, LLC, a development-stage biotechnology company, focuses on developing antiviral therapies to treat diseases associated with a viral triggered abnormal immune response. Its lead development candidate is the IMC-1, a fixed dose combination of famciclovir and celecoxib to treat fibromyalgia. The company was formerly known as Innovative Med Concepts, LLC and changed its name to Virios Therapeutics, LLC in July 2020. Virios Therapeutics, LLC was founded in 2012 and is headquartered in Alpharetta, Georgia.
$TLRY entry PT 8.15 PT 15 and higherTilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products to patients, physicians, pharmacies, governments, and hospitals; and for researchers for commercial purposes, as well as compassionate access and clinical research applications. It operates in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, Israel, Ireland, New Zealand, South Africa, Switzerland, the United States, and the United Kingdom. The company was incorporated in 2018 and is headquartered in Nanaimo, Canada.
$NXTD PT 8 and higherBTC.X related
Nxt-ID, Inc. provides technology products and services for healthcare applications. It develops and markets solutions for payment, Internet of Things (IoT), and healthcare applications with experience in access control, biometric and behavior-metric identity verification, security and privacy, encryption and data protection, payments, miniaturization, and sensor technologies. The company, through its subsidiary, LogicMark LLC, manufactures and distributes non-monitored and monitored personal emergency response systems sold through dealers/distributors and the United States Department of Veterans Affairs. It serves various end markets, including the security, healthcare, financial technology, and the IoT markets. Nxt-ID, Inc. was founded in 2011 and is headquartered in Oxford, Connecticut.
Single Color Candles VS. Multi Color Candles - PsychologyJust wanted to pay your attention to a phenomenon called: Visual Perception in Psychology.
Your brain is always looking for patterns, it craves patterns!
So why use camouflage on your charts?
When you are using multi-color candles/bars, you are decreasing your ability to detect patterns, it is just science.
Your brain looking for patterns, one of the qualities of a pattern is similar colors.
Similar colors, signal to your brain "same object", different colors signal to your brain "different object".
That is why animals use camouflage to hide from predators, and also, why it is used in the military to "blur" tanks and soldiers.
Which one of the texts on the left chart is easier for you to read?
The one with the same color? or the one with the alternating colors? Imagine you need to read a book, that each letter is in a different color!
When you look at the drawn channel, your brain instantly sees a channel.
But when you are looking at the Blue-Red drawing channel, you first see the Blue parallel line, and then the Red lines, and then your brain make effort to combine them to create the object "channel".
It is a fact worth remembering for the next time you want your brain to instantly see: head and shoulders, channels, trendlines, triangles...
What is your experience? which is better?
Pattern Cheatsheet: Identfying a Broadening Top PatternThe Broadening Top pattern appears when price makes a straight upwards run (similar to the "Flagpole" of a Bull Flag Pattern, then swings between two expanding broadening trendlines with at least 5 touches.
It is a neutral pattern which means it can break out in either direction, on the bottom right examples i have explained how the pattern is identified, measured and traded for both Bullish & Bearish breakouts.
The idea is to get a entry early by identifying the pattern, (point A) which allows for a better Risk:Reward ratio and closer stop loss. The second potential entry is at point B, which is considered a Bullish or Bearish retest ( Support/Resistance flip it is also known as), but this area is a bit risker and has less "room to move".
The pattern can give a a sign that the price may have a higher chance in heading in a certain direction, and we can measure the height of the straight run upwards, aswell as the height of the two LARGEST SWINGS within the pattern to get two possible price targets ; one conservative and one less so.
The Broadening Top appears frequently on Bitcoin & Ethereum and has one of the better success rates out of all the different Broadening Patterns and is one of the easiest to trade & identify because often it works similar to a Bull Flag pattern.
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$PHUN entry PT .67-.75 PT 1.70 by Jan 15th PT 2.70 and higherPhunware, Inc., together with its subsidiaries, provides multiscreen-as-a-service (MaaS) enterprise cloud platform for mobile devices worldwide. Its platform enables brands to engage, manage, and monetize their mobile application portfolios. The company offers platforms as software-as-a-service, application transactions media, and data licensing. Its product portfolio comprises enterprise mobile software, including content management, location-based services, marketing automation, business intelligence and analytics, alerts, notifications and messaging, audience engagement, and audience monetization, as well as vertical solutions, which are off-the-shelf, iOS-, and Android-based mobile application portfolios, solutions, and services; and cryptonetworking, as well as MaaS software application frameworks that pre-integrates all of its MaaS software ingredients for use within mobile application portfolios, solutions, and services. The company also offers application transactions for mobile audience building, user acquisition application discovery, audience engagement, and audience monetization, which includes re-occurring and one-time transactional media purchases through insertion orders. In addition, it provides data, including re-occurring and one-time application transaction media campaigns and recurring data licensing for one-to-one, indoor and outdoor, and consumer targeting across global position system, high-and low-density Wifi, and physical and virtual beacons. The company has partnership with GAIN Innovation for government contract bids in Texas. Phunware, Inc. was founded in 2009 and is headquartered in Austin, Texas.
$CGRO entry PT 11.50-11.75 PT 24 and higher$CGRO Innoviz backed by SoftBank and Samsung...
And Bill Gates is in LGVW (spac), portable ultrasound you set up with a mobile device...
$THBR entry PT 10.25-10.40 PT 30 and higher$THBR (fm @Marcoux Faraday)
$THBR $thbrw enters into a definitive agreement with indie Semiconductor, "a leading pure-play provider of next-generation semiconductor and software solutions for the rapidly growing Autotech market
this is major semiconductor sector has been un-phased this year
$THBR + Indie semiconductor are merging with a value of $1.4 bill.
Lower left crayon DD 1/3
✓ Same management took $RPAY public Stock ATM $24+
✓ Current customers: Apple CarKey, MAGNA, BYD, Sirius XM, Tesla, BMW, etc.
✓ $2B+ in backlog
They work with $TSLA and $AAPL
$982M EV (2x 2025 revenue)
$1.44B Equity Value
$SPAC Deal - $NPA DA with AST SpaceMobile (pre-revenue until 2023), who is building the first space-based cellular broadband network.
$1.392B EV / $230M PIPE
(Info from Twitter $THBR thread)
ADBRI - textook partial decline ABC showing a weekly structual descending broadening wedge with partial decline. Breakout has occured, with a throwback backtest. Price target in the realm on $6 in time. This is a large pattern, so be patient. This is not financial advice. I can't give you entry or stops.
$AXAS PT 5.50-12 and higherAbraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties in the United States. The company operates oil and gas assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. As of December 31, 2019, its estimated net proved reserves were 56.4 million barrels of oil equivalent. The company was founded in 1977 and is based in San Antonio, Texas.
$SIOX PT 10-19 and higherSio Gene Therapies Announces Positive Six-Month Follow-Up Data from Low-Dose Cohort of Phase 1/2 Trial of AXO-AAV-GM1 for GM1 Gangliosidosis
- Generally well-tolerated with a favorable safety profile in five patients
- Serum beta-galactosidase enzyme activity increased in all patients at all timepoints between Day 7 and Month 6, representing an approximate doubling in enzyme activity after gene transfer
- At Month 6, enzyme activity restored to 23-57% (mean: 38%) of normal reference levels
- All five children demonstrated signs of clinical disease stability as assessed by Vineland-3 Growth Scale Value, Upright and Floor Mobility, and Clinical Global Impression (CGI) scales
- High-dose cohort initiated in November 2020; two patients now dosed without complications