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I was wrong but now what ?Btc has suprised me ive made many great prediction but this one i failed to be able to correcly predict . I'm still confused on why it happened in the first place but i think i'm confident enought to say what's next. Btc has done what's called a double bullish flag it's extremely common and most of the time bullish flag are in pair. But after that we can expect 2 thing . First it can crash right now like many other or it will go high to the last resistance and then crash to me i'm still extremly bearish 23k is still the goal !
BLong
by rynstick
8
Potential falling wedge breakout on AMCAMC is currently forming a falling wedge on the daily and weekly charts. With earnings coming next week, there could be a possible catalyst for a move to higher prices. As you can see, the wedge is coming to a close. Bulls may start buying if they see AMC as undervalued and bears could start covering their shorts since this would be a good place to take profits for them. After that, AMC will start feeding on itself and move higher. Could we possibly see a high 3 breakout? Probably something worth keeping an eye on over the next couple of weeks.
NYSE:AMCLong
by Trade_Soup
$PTON making bullish signsI missed this stock last year but I think is giving me a second chance with this setup. Bullish divergence with the MACD, while making a head & shoulders pattern; that's a clear reversal sign for me. The price is on the path to making a great breakout. Price above the 200 day MA and the neck line of the head & shoulders pattern. And, would also be a breakout above a flag pattern. Also NASDAQ:PTON is a clear leader of the Leisure-Service Industry, being rank 2nd by IBD; just behind NASDAQ:CAR , and has a 79 Relative Strength rating. But that's against the market, I plotted the quotient PTON/LIV to see the relative strength against its industry and is being rising since the stock bottomed on early May. AMEX:LIV is an ETF that has +4% allocation of NASDAQ:PTON . With a buy near $128 I would have a sell target on $154 for a +20%. But, if everythng goes well and that target is reached, I think I would let it run a little further to the resistance level on $168 with a stop on breakeven. I will be counting the up days against the down days to verify that trade.
NASDAQ:PTONLong
by dpuleo19
Price Action Analysis of AMD (1hr)AMD has provided us with amazing trading opportunities over the past several days. Largely in part due to it's breakout to ATH and surpassing $100 for the first time. This has been quite a large breakout, giving us a nice and tight bullish channel on the lower timeframes. Of course, this rally has to come to an end at some point to form a larger bull channel. Yet, based off this chart analysis, I do believe that AMD may make another leg upward tomorrow. This is only valid if it holds the channel line. It could just as easily break the trend and begin it's descent . AMD has given us flags that begin forming near the end of the day and continue forming in the post/premarket. Each time they move to higher highs the next day. We'll see if AMD can continue this trend for at least one more day.
NASDAQ:AMDLong
by Trade_Soup
AAPL thought progression.this is my idea of what is happening with apple. It's important to understand what my thoughts were leading up to current price in order to understand what potential biases I might have carried with me for too long, or ignored to detriment. But it's a nice bull flag pattern. This is my favorite pattern, and I am fully convinced traders could eat well trading this pattern alone, were they so disciplined. I would personally suggest looking for bull flags on the lower time frames. They appear more frequently, and you can often catch the beginning of an impulse.
NASDAQ:AAPLLong
by emehoke
EURUSD - Bullish Flag PatternHi Traders! The market seems to move in a daily Range. However, the market was at the daily Support and it even broke the daily Trendline. Now, the market is pulling back and it makes a bullish Flag Pattern. This pattern gives buyers, who didn't bought yet, the oppurtunity to enter. It is possible to directly enter at the Break of the Flag, but then you had to put your SL below the last Low --> which is far away. That's why you could enter in another way: Wait for the Break of the last High, then wait for the Retest. When it comes back from - or even if it is still retesting - you can buy from there. The SL is still below the Low, but it is much closer. And if the SL is closer, we have a better RTR ratio! Trade at your own risk! Thanks and successful Trading :-)! PS: If you can't follow, then comment below, so we can illustrate it closer and you potentially learn something new!
Long
by swissmoneymakers