$VRT Head and Shoulders Failure Signal Note: I am LONG NYSE:VRT
A Head and Shoulders failure pattern occurs when prices break below the neckline, suggesting a potential reversal to an up-trend; however, the move lower does not gain traction. Instead, prices drift higher until trading above the previously defined Right Shoulder high.
My long entry triggers when price > right shoulder high, which invalidates the bearish setup, and signals a continuation of the up-trend as trapped short sellers are forced to cover. Often times, this amplifies the momentum in the move higher.
Past performance is not indicative of future results. Opinions are not positions, and vice versa.
Charttrading
GBPCAD Going Up | Buy opportunityHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURAUD
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US100 > The Best Places for A Buy Entry!Analysis of #US100
Hi traders, today we will have a look at #NAS100
the NASDAQ maybe is coming down to test its trend line support and the previous structure high also was a strong demand zone.
look at the perfect setup for trend continuation entry, at trendline support also previous structure resistance, and key market level
if the market tests my support zone I will then drop to the lower time frame looking for a bullish reaction with confirmation for a buy entry
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EURUSD > Possible Move in The Coming DaysAnalysis of #EURUSD
The EURUSD low near 0.9550 seems to be holding very well, the market is unable to take the low and actually started to make new highs as you can see on my chart.
looking at the chart we have higher highs as you can see but we are currently at long-term daily trendline resistance.
so, I can not sell this EURUSD anymore, as we have a shift in the long-term trend, and I can't look for a buy because we are at trendline resistance.
we better wait for the market to decide what it will do from the current level, I would like to see a breakout from the current level to the upside,
Thanks for your continued support!
NNOX, Ready for Round #4?I think Nanox has been heavily shortened on FDA news, which isn't surprising knowing the market's tricks. That said, it is accumulating and has been around the $33 price point for the past few days. I think now is the time where for the next few weeks, support levels can start picking up. It does have potential for a next wave bull run at these levels, and a real short squeeze is yet to happen in my opinion. That said, everything I say is on an opinion based basis. Invest at your own risk and do your own due diligence.
NZDCHF - LongBullish pennant forming on NZDCHF.
NZDCHF has been in a bullish trend for a few weeks.
I am looking to hop on this trend following a breakout and retest of resistance of the pennant.
For additional confirmation of continued bullish movement, I will look for confluence among the indicators too.
Friday May be a Good Time to Buy JUMIARight now with Jumia, I think a reentry today may actually be quite decent. Market is likely going to be extensively red today following obvious worldly news events. If you are looking to buy a potential reversal stock at a red day, JMIA may be in the radar. I feel it is also quite underrated given the potential it may have. That said, do your own due diligence and invest at your own risk.
Tesla Announced 5 to 1 Stock SplitOn August 31st, trading for Tesla is beginning on its stock split basis (according to this PR) . Tesla doing this stock split and people still waiting up until this point for S & P 500 inclusion makes Tesla's CFO and Elon Musk quite intelligent from the financial management perspective. Zach Kirkhorn, say his name, really seems to know what he is doing. That being said, this may provide a bullish outlook for Tesla long term. As always, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
Something Seems Off w/ ChainLinkCurrently, looking at ChainLink's price correlations between March and now, something seems off. I am seeing huge peaks and than declines that seem nontraditional for altcoins. Comparing it to the Gray Scale Bitcoin Trust stock and Sicacoin, you see a pattern that is much of an outlier. The history of ChainLink doesn't seem to be than lengthy and the technology seems mostly mediocre at best. I was somewhat of a fan of them for some of the technological aspects I was hoping they would offer, but so far I see nothing impressive with the codebase. I feel like they are also way too centralized technologically, and I don't see much marketcap growth potential. The most impressive form of tech that ChainLink seems to currently have is a pricing data API for smart contract integrations, however, simple javascript and access to even something like TradingView's API seems like it can do the trick. Right now given the current charting patterns and technological aspects of ChainLink, I don't see enough to be impressed about it from both a technical and trading point of view. It seems like many of the current traders are overly speculating high growth at a really short time period. The price support also doesn't seem stable when looking at the overall charting history. I would say I'm currently at a short position on this. That being said, do your own due diligence. Everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk.
TSLA: Take Profits, and Wait for the Dip (Pre-Earnings) A recent statement of mind was, "looks like you should take profits and wait for this to dip towards $1150 at least before a potential next wedge retracement. Definitely a great stock long term, but don't want to hold when you can take profits and come back and make more profits. Just my opinion, invest in your own risk.". Right now, I think it is best to take the green, wait for it to do down quite a bit, and probably buy back at a dip prior to the July 22nd earnings call in order to maximize profits. I want to be wrong, but it looks like it reached a tipping point already for its current wedge . As always, this is on an opinion based basis and invest or sell at your own risk.
MAC, Next Target is $15First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, the next target for MAC as a real estate trust seems to be at the $15 price point long. Last time I predicted it, it seems like my positive outlooks came true. Now, I am even more bullish given a potential support increase and the possibility that demand should go up given easing of social restrictions (MAC has a portfolio of real estate development related to malls and shopping outlet facilities).