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Down-trend

PTC - complex head and shoulders short from $54.3 to $44.13PTC was our intraday text alert, sent to our subscribers. It seems Breaking down a complex Head & shoulder formation. Moneyflow also diverging & head sharply to the negative side. We think it can decline as low as $44 * Trade Criteria * Date First Found- March 23, 2017 (Sent through our intraday text alert) Pattern/Why- complex head and shoulders Entry Target Criteria- break below $54.03 Exit Target Criteria- Target 1 $44.13 Stop Loss Criteria- $55.13 Please check back for Trade updates. (Note: Trade update is little delayed here.) You can check detailed analysis on -- in the trading room/ Executive summary link here- www.youtube.com Time Span- "
NASDAQ:PTCShort
by AcornWealthCorp
PFPT - H&S formation short from $71.87 to $45.33PFPT broken down from an upward channel, but cold not decline much. Went up, retested the upward trend line, started to roll down & now we have the sharp breakdown. On the weekly frame it is forming a H&S formation, and also a larger time Upward channel. Overall it is an interesting short & we are looking for some longer term short trade, as low as $45.33. We would also consider $70 Aug or May Puts * Trade Criteria * Date first found- March 24, 2017 Pattern/Why- Head & shoulder, Larger Upward channel Entry Target Criteria- Break of $71.87 Exit Target Criteria- $57.33, 2nd - $45.33 Stop Loss Criteria- $78.87 Please check back for Trade updates. (Note: Trade update is little delayed here.)
PShort
by AcornWealthCorp
SPY (S&P500)- 525% profit in 1 day!! You didn't see that coming!Last night we talked about a Head & Shoulder on the SPY, and discussed Taking 238 Put option position on SPY. As entry criteria we discussed SPY to run upward around 237.50 - 238 to form the Rigth shoulder & drop from there. Surprisingly SPY went up at 237.50 in the morning. We considered to take a 238 March 24th Put option for $0.64. After that SPY ran all they way down to our target are 234!! Put went up from $0.64 to wapping $4, that was 525% return on a single day!!! Hope you joined us in the party. (For entry clarification please check our relevant SPY post yesterday)
AMEX:SPYShort
by AcornWealthCorp
SPY - H&S formation short from $237.5 t0 $233 (238 Put option) SPY appears to be in a short term H&S pattern. It may reverse to $38 area to form the second shoulder & that will be place where we would look for shorting opportunity. At the break of H&S it can decline to $233-34 area. * Trade Criteria * Date first found- March 20, 2017 Pattern/Why- Possible Head & shoulder formation Entry Target Criteria- Break of $237.5- -$238 Exit Target Criteria- $$233-$234 Stop Loss Criteria- N/A Option - Speculative trades may consider $238 Spy Puts. Please check back for Trade updates. (Note: Trade update is little delayed here.)
AMEX:SPYShort
by AcornWealthCorp
GPRE - Big insider selling Possible Short from $24.00 to $14 GPRE seems forming a Long term double tap Head & shoulder formation. It also has a lot of insider selling. Aggressive trades may want to enter into Short trade now, but we would like to wait a bit for perfect entry. * Trade Criteria * Date first found-March 16, 2017 Pattern/Why- Long term double tap Head & shoulder Entry Target Criteria- Break of $24 or lower Exit Target Criteria- $14 Stop Loss Criteria- $24.73 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:GPREShort
by AcornWealthCorp
1
STAY - Rising wedge breakdown trade form $16.27 to $13STAY seems breaking down from a rising wedge formation. Moneyflow was diverging & now crossed down to negative side. We think it can decline all the way down to $13 area. * Trade Criteria * Date first found- March 9, 2017 Pattern/Why- Rising sedge formation Entry Target Criteria- Break of $16.27 Exit Target Criteria- Momentum trade, up to $13.00 Stop Loss Criteria- $17 Please check back for Trade updates. (Note: Trade update is little delayed here.)
SShort
by AcornWealthCorp
EURJPY Selling Opportunities Preferred Below 122.02!Good evening traders. This pair is clearly in a downtrend. 122.02 marks key resistance to keep pressure on the downside. Only a sustained break above will begin to put pressure back to the upside. Until then, selling opportunities are preferred. The 121.6 figure marks key institutional resistance where sellers may be looking to add to shorts. A push up into the figure may be matched with swift selling. Short-term support is at the 120.76 low and a break below will expose further downside. Enojy!
Short
by UnknownUnicorn261897
USDJPY Selling Opportunities Preferred Below 116.05!Good evening traders. 116.05 marks the "line in the sand" on USDJPY. Only a sustained break above the figure will reduce selling interest and revive upside focus. Until then, selling opportunities are preferred. 115.07 marks the first key institutional resistance level where we may see selling pressure. A push into the figure may be matched with swift selling. Further downside see short-term support at 113.63. Enjoy!
Short
by UnknownUnicorn261897
GBPUSD Short-term Technical OutlookThese technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day. Good evening traders. Despite the rally off spike lows at 1.2039, pressure remains to the downside below the week's high at 1.2278. Only a break above the latter will put pressure on the upside and eye highs at 1.2432. At this point shorting opportunities are still preferred until proven 1.2278 is taken out. Enjoy!
Short
by UnknownUnicorn261897
2
EURUSD Short-term Technical OutlookGood evening traders. After EURUSD forming a nice double bottom just ahead of the 14 year low, we have been seeing a decent pullback on this pair. The pressure is still definitely to the downside as long as we remain below 1.052 so looking for shorting opportunities is preferred. The latter will act as the "line in the sand", if you will, in that if price manages to sustain above it we can expect to see higher prices. A rally up into the figure shouldn't be feared as it is strong resistance and should hold, at least initially. Enjoy.
by UnknownUnicorn261897
2
EURGBP: Pullback Right into the TrendHey guys! After EURGBP broke through last week or so with an absolutely beautiful Complex Head and Shoulder's Pattern, I spotted that the profit target for the H&S Pattern would actually pierce through the 0.74850 Major Resistance Level! (Pink line). Weekly also show a sharp downtrend, with the H&S Pattern head directly touching the 61.8 Fib level What influenced my decision: -General trend for Weekly is very bearish -Prices just retraced and reversed to the 61.8 Fib Level on Weekly -Profit target for H&S Pattern shows it would pierce through Hmm, for now, I'm staying bearish! If so, I'll probably wait for a retracement back to the level before selling! Maybe someone can shed some light on whether 0.74850 would hold? :) Complex Head and Shoulder's Pattern: thepatternsite.com Good luck guys! May the pips be with you!
Short
by GenesisCTY