PTC 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...
PFPT 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...
WST seems forming a downward neckline Head & shoulder formation, and it appears to break below the neckline. On the long term chart it seems forming a larger scale H&S formation. Moreover it has 1.2million (approximately) worth recent insider selling. We think it will be an interesting short play at the break of $78
SIX seems forming a head & shoulder pattern. And now rolling over beautifully. The H&S pattern has potential to decline all the way down to $42. To play this we would consider $55 Jun Puts, currently $1.48 or $60 Jun puts for $3.69 Please check back for Trade updates. (Note: Trade update is little delayed here.)
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...
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...
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...
STAY 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...
Good morning traders. 121.6 marks strong institutional resistance as well as trend line resistance. Until this pair manages to make higher highs selling opportunities are preferred. A rally up into 121.6 will likely be matched with quick selling. BEWARE OF US CONSUMER PRICE DATA AT 08:30 EST!
Good morning traders. There is a cluster of institutional resistance between current price and 113.76. Additionally our research is favoring further downside on USDJPY. Shorting opportunities are still preferred and a push up into the latter resistance figure at 113.76 will likely be matched with quick selling. BEWARE OF US CONSUMER PRICE DATA AT 08:30 EST!
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...
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...
Good evening traders. The market gapped open down below the 1.0239 support figure. Since then we have seen consolidation. The pressure is certainly to the downside so selling opportunities are preferred until proven otherwise. The 1.2122 figure marks short-term resistance as well as the gap-fill. An upside move into the figure will likely be matched with...
These 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...
Good 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...
UK OIL Giving Opportunities for Shorts and Longs Mid-Term and Long-Term In a range between 30/50 Day trades mostly (Not holding long-term positions) One Trade from price level 30 Long with Tight SL on positive side (Holding if we break up) Pending Long Order at price 54.00 Flat if we break and continue up Possible neutral at least till end of year in this...
Idea Strong Res RSI oversold Divergence almost a BB% break short Double top Long term still rally