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Higherlow

Apple - Fibonacci and Higher Lows at Retracement LevelsApple had a solid run over the summer, well really from April to July. The past few weeks APPL has been trending down but when we zoom out to the weekly time frame we can identify that APPL is still in an uptrend. It continues to make Higher Lows. It is above the Exponential Moving Average. We can also take a look at the Fibonacci Retracement which I find really interesting. After the stock split, it retraced to the 78.6% level where it found support and made a Lower High in October before dropping to the 61.8 level and finding support. It bounced and found resistance at the 38.2% level and dropped finding support at the 50% level today. This seems to be a very bullish pattern and I think we will reach an ATH within the next few months. The swing trade looks very doable. Please let me know your thoughts. Disclaimer: I am not a financial advisor. This is not financial advice. This is not trading advice. This is purely for educational purposes only.
NASDAQ:AAPLLong
by HD_Player1
WKHS Possible ReversalAppears to be in an island reversal. Watching for a breakaway gap from the box. Additionally, it appears the top of the box is a key level of previous support and resistance ($22.90 ish), with swing lows getting higher. My entry will be a gap up from this level with significant volume or after the break of resistance with a pullback to the $22.90 level confirming support. Beware: WKHS is burning through cash and needs to raise again. Any bullish run will be a quick trade for me. A pump leading to an offering sounds realistic.
NASDAQ:WKHSLong
by NetWorthFocused
PEN $297 Target (30%+ Gain Opportunity)PEN is on an upward trend as seen with the three sets of Higher Highs and Higher Lows. We are in the midst of the 3rd "Higher Low" right now. It will likely fall somewhere around here, so right now is the perfect entry point. I set a Stop Loss around $183.55 because this is the low point of the previous "Higher Low." If the price falls below this point, the upward trend will end and the pattern invalidated. When we begin progressing towards the target, I will move my Stop Loss to be breakeven. I've used the previous bull runs as a measure for predicting this next one. They estimate the target to be around $310-$320 before there is a new "Higher Low." To be safe, I've placed my target at $297 (before the psychological resistance of $300). I am unsure whether I will take some profits at $297 (and leave most of it in) or if I will take it all out. Theoretically, a surge past $300 could create an opportunity for an even bigger bull run, but if it rejects off of $300, it could potentially end the upward trend.
NYSE:PENLong
by trufeats
2
WHY DID THE BULLISH CONTINUATION MOVE FAIL?What does "End of Month Square Up" mean. A square position is a situation where a trader or portfolio has no market exposure. ... The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. A square position is also referred to as a "flat position." Square position, like many trading terms, can take on a different nuance depending on the speaker. For an individual forex trader, a square position can refer to offsetting long and short positions in the same currency pair or a situation where a currency trader holds no positions in the market. The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. Squaring usually refers to just a few positions, but a trader could close out all of his open positions and get out of the market. The "Market Makers" can use this trading principle as they move the market. E/U had a Bullish Trend which became a consolidated range. Price had a Bearish Breakout of the Range bottom which failed. Price created Higher Highs and Higher Low making it appear a Bullish Continuation move was happening. This drew in long traders leaving behind lots of money tied up in Stop Losses. The Market Makers can tell where the most money is tied up on the Long side or Short Side. It seems to appear that the Market Makers made the Bullish Continuation Reversal fail and took out the Stop Losses at the Higher Low entry point and also the 50% reversal entry point. All of this happening the last few days of the End of the Month of October. Could this be an example of the "END OF MONTH SQUARE UP?"
Education
by Tradingstrategyguides
Walmart about to reach a higher low Walmart is cruising into earnings, however we are on our way to hit a higher low. I believe some point this week WMT will hit $143 a share. Here's the technical analysis that explains why. RSI: Relative Strength index is at 60 and an average for Walmart is close to 55. With the high RSI we can see price decrease as investors are seeing Walmart being overbought. MACD: Shows that there is growing bearish divergence, bears are getting stronger meaning they might take more control of the stock price. My plan? My plan is to buy Calls on the dip. I am going to purchase 12/18 Call for WMT to be $150 a share. Follow to see my trades, and give a like if you see Walmart growing, and part of growing means hitting higher lows. Comment your thoughts on my analysis, I would love to be critiqued.
NYSE:WMT
by Myantman101
3
SPX To 3500 by Friday, Weekend Update - 3800+ ComingThe aggressive pullback we saw after President Trumps tweet was the perfect set up for a bear flag to form and push down further. That didn't happen, instead all the market did was push and grind higher. This tells us, all time highs are coming. This tells us now is the time to be aggressive. The market still needs a consolidation, a 4 hour higher lower. But it wants to go higher. Look for a pullback Monday/Tuesday with a push up to 350+ for Friday. It's important to understand when the market is consolidating, trading in a range or chopping around. It's even more important to identify when it is in an aggressive uptrend. Now is that uptrend. Now is the time to be aggressive. If you missed out on July/August runs or suffered from FOMO off the March lows. This is your opportunity. This is the time you need to take advantage of the uptrend.
OANDA:SPX500USDLong
by TradingWithTrends
2
2 potential H&S Patterns that could dump price to 9.6k whichever one of these head and shoulders patterns is mroe valid matters not as if either validates the breakdown target is essentiallly the same. If this occurs we will likely fill the 9.6k CME futures gap. I assume once the gap is filled things will be bought right back up and if it does breakdown this will simply be one last effort to liquidate all overleveraged longs. Dipping down to 9.6k will still just be a higher low as long as rebound shortly there after.
COINBASE:BTCUSD
by DrDovetail
USDZAR 17.13930 - 0.69 % SHORT IDEA * TREND CONTINUATIONGood Day Everyone A look at the DOLLAR / ZAR that has been trading in a descending channel hitting LH, LL looking for a continuation of the trend with the bears on the pair in the coming week looking for a break below support level 17.07766 trading below this level will trigger the trade and we'll be short on the pair. we'll see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 16.95705 TP 2 - 16.71227 SL - 17.34574 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
CRVBTC Structural Support|Daily S/R|Equilibrium| Low VolumeEvening Traders, Today’s analysis – CRVBTC- price action needs to hold structural support for a trend continuation trade. Points to consider, - Trend higher lows - Key support respected - Daily S/R resistance - Oscillators equilibrium - Declining Volume CRVBTC’s trend needs to establish a higher low to keep market structure intact, allowing for a continued bullish bias. Structural support has been respected; price action must remain above this level, breaking below will negate structure. The Daily S/R is immediate resistance; price breaking this level will confirm a higher high, confirming trend continuation. Both oscillators are trading in an equilibrium towards there apex where a break will be imminent. This will be in confluence with price breaking key levels. The volume profile is declining, common in equilibriums, a volume influx will signal a break, follow through is needed to avoid false breaks, Overall, in my opinion, CRVBTC is a valid long from structural support for a trend continuation trade. Price action is to be used upon discretion/ management of the trade. What are your thoughts? Thank you for following my work! And remember, “Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.” ― Yvan Byeajee
Long
by AzizKhanZamani