US Stock In Play: $GOOGL (Alphabet Inc)$GOOGL broke out of its trendline resistance this week, with an accumulated gain of +8.03% in 3 days. The breakout of $GOOGL comes after a full month of whipsaw that is witnessed on its 20DMA, along with a congested price action that is displayed within a Symmetrical Triangle chart pattern.
$GOOGL currently closed at $2239.03, with a display of a bullish flag formation targeting towards $2,350 level.
$GOOGL provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments.
GOOGLE 1D RANGE TRADINGRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Holochain (HOLO) is just now passing the trend up.Holochain (HOLO) ($HOT) is a disruptive project with a recent US patent #10,951,697. Is is called the Airbnb /Uber for cloud computing for good reason. It will be disruptive to web hosting giants like Endurance International Group (EIG) as well as server infrastructure like Amazon Web Services ( AWS ) and Google Cloud Platform ( GCP ).
HOLO is just now passing a major resistance in the trend. OBV and the trend strength indicate the resumption of upward movement. People need somewhere to put their BitTorrent (BTT), WazirX (WZX) and Dent (DENT) profits not to mention Cardano ($ADA) converts seeing HOLO as a new possibility now. Disruption incoming as HOLO heads to the top #10-15 in market cap.
See the signature for financial advice information and buying info.
Quantum Resistant Ledger (QRL) is the billionaire's coin.QRL is a project that not too many people are familiar with despite being around so long. The team has been building the first and ONLY quantum resistant cryptocurrency for a few years now. Many people have commented that BTC and other coins can retrofit - that's not a solution! You need a chain which has been designed right from the start so the whole chain is resistant. NIST in the United States has basically verified their approach and now there's recent news that quantum computing can happen on a silicon chip. HUGE news. The whole world of quantum computing was just disrupted while many were sleeping. QRL holders will be the next millionaires and billionaires (depending on how much you own)! This will be THE HEDGE for BTC. Time will tell and so will the markets. If and when there's a black swan event with BTC, all smart capital will flow into QRL and it will be the new de-facto chain. It's a matter of when not if. Some whales are waking up but it's only the beginning... Tale of the tape - have a look now and figure out a way to buy it if you want your money to be safe under the most advanced encryption available to human beings at this stage in world history. Sounds dramatic! It is.
Holochain (HOLO) buying opportunity before next leg up. Holochain (HOLO) ($HOT) is a disruptive project with a recent US patent #10,951,697. Is is called the Airbnb /Uber for cloud computing for good reason. It will be disruptive to web hosting giants like Endurance International Group (EIG) as well as server infrastructure like Amazon Web Services ( AWS ) and Google Cloud Platform ( GCP ).
This chart shows the Sling Shot System continuing a wide open uptrend for HOLO while the Squeeze Momentum Indicators show that this is the next 24 hour's likely low, which is astounding. MACD appears to be ready to whipsaw up again and the OBV is heading up for a small pause. This appears to be a great buying opportunity with only a few hours before the next leg up .
If you're looking to trade HOT, you can easily create an account on the well-known and Australian government regulated exchange linked in my bio/profile, even if you're based in the US.
Holochain (HOLO) is showing fresh strength for another rise.Holochain (HOLO) ($HOT) is a disruptive project with a recent US patent #10,951,697. Is is called the Airbnb/Uber for cloud computing for good reason. It will be disruptive to web hosting giants like Endurance International Group (EIG) as well as server infrastructure like Amazon Web Services (AWS) and Google Cloud Platform (GCP).
This chart shows the Sling Shot System and Squeeze Momentum Indicators laying out a perfectly wide open uptrend for HOLO. MACD appears to be ready to whipsaw up again and the OBV is rising substantially.
If you're looking to trade HOT, you can easily create an account on the well-known and Australian government regulated exchange linked in my bio/profile, even if you're based in the US.
USDJPY SHORTWe are looking for some bearish move toward the downside on USDJPY with a target around £(107.0).
There is a possibility we can see some retracement to the upside before price drop
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SHORT POSITIONThis week saw the 152.50 psychological level come into play and prices pulled back to find support at a Fibonacci level plotting around 150.87. This can keep the door open for short-term bullish momentum strategies, but for those with a longer-term basis, taking a step back given those extreme overbought readings may be prudent until matters settle a bit. As such, the forecast for next week will be set to neutral as we may be at an important pivot in the trend given the upcoming quarter-end after a very strong start to 2021 trade.
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SHORT POSITIONWe can see some sell reaction on GBPUSD to the downside we are looking to see price retest the daily support trendline
If bears are strong enough to Break the daily Trendline how ever we can see more push to the downside around £ (1.3600)
As a Target.
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SHORT POSITIONFUNDAMENTAL EURO FORECAST: BEARISH
The EU looks to be struggling to vaccinate its people against Covid-19, raising fears of another lockdown.
Moreover, the yield advantage of US Treasuries over German Bunds continues to rise.
Neither of these factors seems to have been fully priced in yet to the EUR/USD pair so a break to the downside is possible once the current period of consolidation ends.
EURUSD has traded for the past couple of weeks between resistance at the 1.20 round number and rising support that can be seen on the chart below. This could well be a continuation pattern suggesting the price will break to the downside and continue the previous falls from the February 25 high at 1.2243.
From a fundamental perspective this would be no surprise given that the EU seems to be behind countries like the US and the UK in vaccinating its people against the coronavirus. That’s caused fears of another lockdown that would damage the prospects of an economic recovery from the slump caused by the Covid-19 pandemic.
This all suggests that EUR/USD could well drop in due course towards the lows around 1.16 last seen in November 2020. However, the counter argument is that both the slow vaccination program and the yield differential are already in the price and that this, alongside a dovish Federal Reserve, will weaken the US Dollar. In that case, a sustained break above 1.20 could lead to a rally back to the highs around 1.2340 reached in early January.
We are looking for short on this pair guys keep and eye out on (EUR/USD)
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GOOGLE -- It keeps getting stuckAs can be seen in the chart, there is a great squeeze in both prices and RSI. This is a bit scary of course ...
This tightness can continue up to the level of 2200$ or even 2400 $, but then we think it is very likely that we will see a big selling pressure for both the relaxation of the indicators and the completion of the technical formation formed by the prices.
We are not at the beginning of April anymore. It has been almost a year and the Nasdaq have an unstoppable rising. We wonder where will he stand ???
It contains only personal views and opinions. Does not contain legal investment advice ...
GOOG ... We still early on this Triangle!I believe GOOG is a highly interesting setup to the upside at the moment... The pullback seen in FAANGS since the NASDAQ100 made its ATH in Mid-February has barely tickled this stock... This means the bulls are pushing it and momentum to the upside is perhaps much stronger than that of its peers... Moving on to business... Elliot Wave Analysis is my specialty... I go as deep and detailed as one can go in my wave analysis... Wedges / Triangles (you name it) are my signature setups... GOOG is carving out a very convincing Triangle that is just starting to break to the upside.
STOPS should be placed @2043… If the market breaks this level, my analysis becomes invalid… I will not go into detail as to why at the moment… I’d rather go deep in regards to the target price.
In regards to the TARGET, several things need to be pointed out… The NASDAQ100 and therefore, the FAANGS, are a bit risky to be traded to the upside at the moment… The market has been completely spooked by rising yields, which have specifically damaged the FAANGS in the investor’s community… Furthermore; there are certain times where bullish Triangles generate a very impulsive move to the upside, only to be followed by a sharp decline… One needs to remain humble on this trade… Other details could be mentioned, but it should be enough for now, so I’ll go ahead and specify the TARGET recommendation:
2320 should be the first target in upcoming days/weeks… 2400 could be reached and lastly I can see the market reaching as far as 2500… This are all Fib projections… For me personally, even 2320 is way too greedy, given the trading environment we are in… After breaking the 2153 level towards ATH, anything is possible… Perhaps booking profits early in the game, around 2200 and then trailing the stop could be the best way to go… Hope it helps and you have a solid trading.
Terrible user experience leads to strong short interestI barely would try to short mega stocks as I'm almost always bullish on the stock market in the long run.
While, I'm really surprised at how Youtube disrespectful to their loyal users.
I believe I'm not the only one who got terribly offended by them.
Of course, I don't trade my emotions; this trade is still based on the pattern.
and I know exactly about this trade will probably be stopped out when it makes new all-time high.
but it's a way for me to express how disappointed I'm in Youtube and Google though.
Let's see how it goes yo!
Held $300... Most Likely Will Grind Up...>Target $330Obviously I am super bullish on the Nasdaq 100, too many good companies, too many pandemic proof companies, and obviously Elon Musk is leading the charge towards a prosperous 21st century. However, the QQQ has been dumping hard after grinding upwards since the Coronavirus crash of March 2020. Buying at these levels is risky, but we should avoid catching falling knifes..I actually bought too early. If you take a look at my YELLOW circles, the NASDAQ 100 likes to take the elevator down quickly before taking the escalator up. I got off too early on the elevator lost a couple bags but we hopefully going to buy a discount once we confirm that the sellers have exhausted.
Its hard to predict the future but if your looking to enter the market this wouldn't be a bad spot (anything below $310). Once tax season is over I think we can recover back into my upward moving channel. It also depends on the sales of APPLE products, TESLA vehicle delivery for Q1 2021. GOOGLE is holding strong at $2000 even with all this turmoil currently. Remember when there is blood on the streets....its time to pick up those lost wallets. I would remind you guyz that this looks like a dumpster fire so wait to see a clear reversal to limit your risk.
You can obviously apply this chart to TQQQ.
KBNT Swing-trade (and potential long-term growth) ideaKBNT (Kubient, Inc.) is an advertising technology (Ad-Tech) company that has been introducing some powerful (and proprietary) fraud-prevention tech into the marketplace, where others in this space can only offer to reimburse customers after they have already paid for ads that are later found to be fraudulent (with no possibility of ever being displayed to a real prospective customer), Kubient's machine-learning Artificial Intelligence (AI) system has proven itself capable of identify and preventing ad-fraud during the live bidding process before customers (Advertisers) actually pay for their advertising space. This tech has drawn the interest of big names like; the Associated Press (AP) that was actually one of the early beta testers, as well as other major players, including Google. The company has positioned itself well to become a standard setter in the industry. I expect their partnership's with the Associated Press and Google among others could increase revenues far beyond estimates, as we can derive from KBNT's SEC filing (Form S-1) dated 7/2/20, they stand to see an increased revenue stream of around $500k/quarter from the Associated Press alone. So definitely worth doing your own due diligence here (Don't take my word for it), but the upside looks very good in my opinion. TTD (The Trade Desk, Inc) is a good example of where I see this going over the next 5-years.