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Diagonal

ROSEUSDT - A garden of roses - on FIRERoses are red Violets are blue You should be taking profit I have but have you? There were so many different buying opportunities outlined on the chart here going back into late December and early January but it has run and we're starting to create a very large ending diagonal. It's best to take profit on any position that may be open on ROSEUSDT. I do not suggest opening any kind of a short position until trendlines are broken to the downside. There is some overbought signals on many higher timeframes.
by bitdoctor
DIS MAR10 110/MAR3 114 DIAGONAL CALLBull Pull Back Set Up: Disney made a new swing high on the 9th of this month and has since then pull backed to the 20 day with lower volume. 50 day is also rising and with the candlestick we had today, it triggered my entry. Gonna give this 3 weeks to hit my target of 114. I'm thinking it's going to want to go test 113.50 again and possibly break through it. So if it gets to 114 before the 3rd, I'll take off 50% of my position. Come expiration date, if this trading at 114 or higher I'll close out the entire combo. If we are below 114 come the 3rd, I'll manage the 110 call. If this falls lower, I'm set up for max loss risking only 2%.
NYSE:DISLong
by MMOTA_
Z 3 FEB 46/ 10 FEB 43 DIAGONAL CALLHIGH BASE SET UP: Detailed Definition of setup and what market conditions are desirable Since October 13th Z has had some decent momentum to the upside and at the start of the new year, it had even more upside momentum until it finally started basing January 12th to the 20th with lower or equal volume. In the short term, market conditions are bullish. Detailed Definition of the trigger (entry point) used to enter positions When I identified the high base last week, I set an alert at 43.54 which was the high on the 17th. It trigger today. Detailed Definition used to determine Stops (abandon or adjust) No stops, I'm risking 2% of my portfolio and set up for max loss. Detailed Definition of the methods used to determine targets 46.21 was a support zone back from January 28th to about april 20th 2022. So 46.21 is going to be my target as I would anticipate that it's going to want to test that area once again. How strike prices and expiration dates are selected Zillow is set to announce earnings Feb 15th. So I didn't want to hold this through earnings so I selected the Feb 3rd as my target and expiration date. Position management strategies when the stock goes lower If this goes lower and falls apart, I'm set up for max loss so I'll just move on to another trade. Position management strategies when the stock goes sideways If this goes sideways, I'll give it until next week to see if it'll make a run up to my 46 target. Either I'm set up for max loss. Position management strategies when the stock goes higher Ok so let's take a look at the hour chart. As of now, it's testing that middle trend line I drew. I wanna see this get above that middle trend line and blow through 46.21. I've set an alert for 46.21 because I'm going to want to see the price action in this area. Because it may want to go test the upper yellow trend line I drew. If it does that I'll want to see a pull back to that support area of 46.21 Position management strategy at expiration At Feb. 3rd expiration if this is well above my 46.21 target, I'll close out the entire combo. If we're below my 46.21 I'll hang on to my 43 strike but this needs to be closed out before earnings.
NASDAQ:ZLong
by MMOTA_
2
UBER 10 FEB 32/17 FEB 30 DIAGONAL CALLBULL PULLBACK SETUP Detailed definition of setup and what market conditions are desirable: I've had UBER on my watchlist since about the end of December. And since about August of 22', it's kind of been trading between 31.57 and 26.06. So I was curious to see if it would make it's way back into that sideways channel and so we're here now. And even though overall market sentiment is bearish, UBER has had good momentum to the upside since the end of December. Detailed Definition of the trigger (entry point) used to enter position: On January 18th, UBER made a new swing high so I was anticipating a pull back to come. The 19th it retraced back to a support/resistance area of 28.36. I placed an alert to notify me once it traded above the 18th's high which I set at 29.29. It triggered this morning. Detailed Definition used to determine Stops (abandon or adjust) No stops. I'm set up for max loss risking less than 2% of my portfolio. TRADE SETUP Uptrend: Stock made a new swing high on the 18th. It's also trading above a rising 50-day SMA. The pullback brought this back to prior support/resistance level of 28.36. On the pullback, there was lower or equal volume on pullback and I'll be using yesterdays candle as my reversal candle at area of support of 28.36. How strike prices and expiration dates are selected Let's take a look at the hour chart. I drew a trend line from the low of the 27th, and the low of October 11th 2022. I was debating on which strike prices I wanted because there wa an option of a strike price of 31.50. But I decided to go with the 32 strike because I anticipate that it will want to blow through the 31.57 zone I have, and do something similar to what happened between September 9th 2022 and September 21st 2022. uber announces earnings February 8th so I went with the Feb. 10th expiration with the anticipation that this will run up higher going into earnings. So I plan on closing this out no matter what before the 8th. Position management strategies when the stock goes lower If this goes lower, I'll just let expire worthless and move on to the next trade. I'm set up for max loss Position management strategies when the stock goes sideways If this goes sideway I'd be ok with that. It would have to trade between 30.05 and 28.36 but then I'd want to see this run up before earnings. If it just stays in this range for the next three weeks, I'll let it expire worthless and move on. Position management strategies when the stock goes higher Ok, so if this thing blows through 31.57 before February 7th, I'm going to hang on to this to see if this drifts back down to the apex of the trade. But if it decides to hang out above 32 by Feb 7th, then I'll close out the entire combo because I don't want to keep this going into earnings. Position management strategy at expiration I'm not going to hold this until expiration. it needs to be close out on, or before February 7th.
NYSE:UBERLong
by MMOTA_
NIFTYHello & welcome to this analysis In the monthly time frame a comparison between the period which happened between 2018 - 2020 and the current one from June 2022 till now suggests a lot of similarity in path. In the current scenario its taking support at the lower end of the channel and consolidating. if 17300 is held then it could resume its uptrend for the upper end of the channel. Do note this is a monthly time frame outlook and not for short term derivative swing / breakout trading. Best wishes on your investing/trading.
NSE:NIFTY1!Long
by Dinesh_C_Nagpal
1
SPY DEC 30 400/ JAN 6 397 DIAGONAL CALLWe've been selling off since December 13th so this strategy is going to be used more as a hedge just in case we get a year end rally to the upside. It's been basing the last five days in this 380 area and may be setting up to push higher in the short term. NO stops, I'll be set up for max loss and less than 1% risk of entire portfolio. My target of 400 was determined more as a psychological level. End of the year even number. It may not get there by end of next but I'll watch this throughout the week next week. If this decides to go lower, I'm set up for max loss so I'll just move on to the next trade. If this stays in the 380 area all next week I'll have the 397 strike until the 6th. If this goes higher, I'll close this out once it get tos 400. It may not want to get to 400 by next week, maybe 395? I'll have to watch this throughout the week next week to see if I wanna close this before. If this gets to 400 by the 30th, I'll close out the entire combo and move on. If this stays below 395 by Dec 30th, I'll want to hold on to my 397 strike until Jan 6th.
AMEX:SPYLong
by MMOTA_
1
Gold Elliott wave count 19 Dec 2023gold price made triple bottom at 1620 but veridical bullish trend was started after November fomc and it went straight up to 1824 bottom to top price has made 12345 leading diagonal chart pattern. Or you can say buy the rumor sell the news of lower size of rate hike lower trend line has been breakout and now retesting that line again as resistance near 1791 level counter trend correction sell (sl 1824, tp 1730 and 1720) target is to buy again 50% retracement level at 1720 buying zone start from 0.382 level and main target is 0.50 level longer term trend of gold is bullish key news core PCE on friday (don't sell without sl ) (focus more on buying entry) in ending diagonal price makes deep retracement in leading diagonal price makes usually 10 to 38% retracement fundamental : macro economic analysis feb fomc = 25bps rate hike march fomc = fed rate pause june/ dec fomc = rate cut rate cut and stagflation both are bullish for gold historically bullish trend will last upto rate cut than on official announcement we will sell big correction inflation target 4% in may/june 2023 high employment forcing fed to cut rate in 2023 summry trend from 1616 to 1824 has completed now we are in correction after correction ends price will go up again
VANTAGE:XAUUSDLong
by Sangam-Agarwal
META Diagonal Put 95 Dec 9/100 Dec 16Bear Rally Set Up: A couple weeks ago we set a new low around 88ish which has lead this back up to the 20 day. It's actually been basing at the 20 for a few days getting ready to make another move. The overall trend is bearish. The entry point was determined by waiting for this to trade below the previous day low. Conditions at these levels solidify an entry point. As for my stops, I'm set up for max loss. So if this doesn't go my way....oh well. Next. I've got my eyes set on 95 as my target. It's out of the money target, but as I said before, the overall trend is bearish and if this does decide to head lower, it may want to fill those gaps it made before it got up here. Diagonal Spread Strategy: So,we've established this is a bear rally. I've decided to go with an out of the money diagonal strategy since this has a bearish trend and the overall tech sector is getting weaker. The charting criteria needed to enter this position has been triggered, trading below the previous days candle at the 20 day. The strike prices and expiration dates were determined by envisioning this to fall below 95 by late next week... or right around December 5the or 6th... making it's way back to the apex of the strategy and closing it out December 9th or the 8th. Position management is very simple, if this fall below 95 and stays below it come December 9th I'll just close the entire combo out and move on. I'm set up for max loss, so if this decides to trade sideways or continue higher, it won't matter to me. Trade Setup: Meta recently made a new swing low around 88ish. Since then, it's crawled back up to the 20 day and has been pretty stable in this area the last few days. Meta is also still trading below a falling 50-day SMA. This trend analysis is good to move on to the entry criteria. This rally has brought the stock back to the 20 day with lower and somewhat equal volume the last few days. Because it traded below the previous day, it triggered the entry. T.E.S.T. Timeframe: I put this out 3 weeks to hit my target. Entry: My entry was about 109.45ish. Stop: I'm set up for max loss. Target: 95 Profit Score: Potential: 15.00 ATR: 6.62 Score 2.27 Stock Outlook: -1 I'll update this as the days goes by.
NASDAQ:METAShort
by MMOTA_
1
JPM Nov18 140/Nov 25 136 Diagonal Call High Base Setup: Financials have a +1 outlook this week and JPM has had a nice run higher the last few weeks. It's made it to 135 which was one of my resistance points and now looks like it's basing here in this area. I decided to get in now, even though we need to see a minimum of 5 days basing, just because it's had a lot of good upwards momentum. Either way, it should base here in this area before making its way higher. Not setting up for any stops since im positioned for max loss. My 140 target was determined by going back to the end of March and saw that it based in this 140 area last time. Could be a small supply and demand zone again which is why I decided to put this trade on for a week, worse case I'll have the 136 strike until next Friday Trade Setup: This recently made a new swing high and is currently trading above it's 50-day SMA. Although the consolidation has not yet brought this back to the 9-Day EMA,, I should have waited for it to catch up to the stock. I think I'll still have enough time anyways. The last three days it's consolidated somewhat in a range of relatively equal pivot highs & lows. Volume has been trending down the last 3 days as well. T.E.S.T. So Ideally I'd want this to make it to 140 by late Thursday or Friday to reach its apex. If it pulls back, I'll have another week. My entry was at 135 and have no stop cause I'm set up for max loss. Profit Score: Potential 5.00 ATR 3.16 Score 1.58 Stock Outlook: +1 Trade Management: If this gets' to 140 by Thursday afternoon or Friday morning, I'll close it out. If it pulls back, I'll have the 136 Strike until next Friday. I'll consider a re-entry if it turns out to be a Bull Pull Back.
NYSE:JPMLong
by MMOTA_
⚡USDJPY: 10-year zigzag nearing completion.●● Preferred count ● U.S. Dollar / Japanese Yen (IDC) , 🕐TF: 1M F ig.1 The scenario we wrote about in June of the 21st year has been implemented. As expected, wave b of (x) took the form of a triangle , followed by an increase in prices within wave c . The first target for completing wave c is to achieve equality with wave a . An alternative scenario in the context of a monthly time period is the probability of complicating the structure of the wave (x) to a triangle , flat or combined correction. _______________________________________ ● U.S. Dollar / Japanese Yen (FXCM) , 🕐TF: 1D Fig.2 As you can see from the chart, at the moment the structure of the wave c of (x) is identified as a developing impulse with an extension fifth sub-wave. _______________________________________ ● U.S. Dollar / Japanese Yen (FXCM) , 🕐TF: 6h Fig.3 The wave ⑤ probably forms the ending diagonal . To confirm this assumption, it is necessary to enter the price area of wave (1) within the framework of wave (4) without exceeding the wavelength (2) , then — to rise within the fifth wave to the top of wave (3) . _______________________________________ _______________________________________ ●● Alternative count ● U.S. Dollar / Japanese Yen (IDC) , 🕐TF: 1M Fig.4 It is difficult for me to talk about the global targets in terms of price and time that wave ((IV)) can achieve, because I do not have a historical data chart for a longer period. But there is a possibility that the fourth wave of a Grand Supercycle degree in structure was limited to a single zigzag a-b-c . If so, then the subsequent upward zigzag, marked in this example as Ⓐ-Ⓑ-Ⓒ , can be identified as the first wave of the emerging leading diagonal in the direction of the dominant bullish trend. It should be understood that the red dotted line indicates the probable shape of the model, does not predict time and price targets if the calculation does not have the appropriate markings. _______________________________________ Disclaimer: — The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
by TradeWaves-EWA
3
BANKNIFTYHello and welcome to this analysis on Bank Nifty The steep gap down on Monday breached a very crucial support zone of 33800-34000. Post the gap down we saw attempts of recovery which appear more sideways with a very minor higher low higher high bias. The structure appears to be making a Bearish Flag with the prior decline as the Pole. We can see a squeeze formation so far in it in lower time frame. It is indicating one more attempt for 33800-34000 before it resumes downward move towards 32500 and lower.
NSE:BANKNIFTY1!Short
by Dinesh_C_Nagpal
NIFTY-ELLIOTT WAVE ANALYSISNifty-50 is showing the characteristics of a leading diagonal. I have mentioned all the rules regarding the leading diagonal and plotted them at the relevant level. Please go through the chart and try to understand which has been made very easy for you. Nifty may bounce back from the current level or from 15300 or from 14800. The level projected are purely based on Fibonacci ratios. The leading diagonal gives a good retracement and it can retrace up to 17300-350 after wave 5 of 1 will complete downside. Regards.
NSE:NIFTY
by imkhushal
1