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Kangarootail

FFIE Possible Kangaroo Tail Forming??FFIE probing for lower price levels but shorter timeframes show stronger than average buying pressure pushing the close higher leaving a long tail. I'm thinking short term rally over the next few days with a profit target of $3.85 and a stop loss of $2.45 but will wait for confirmation tomorrow. - $3.85 to $3.90 to me looks like a new resistance level(old suppport) unless this is FFIE's big moment for a major reversal. - Maybe I should take some profit once it nears that area then add on if the volume supports a higher move up. >> What's your thoughts on FFIE for a swing or day trade or even a longer hold???
NASDAQ:FFIELong
by fourth_street
1
HIG Hartford Bearish divergence Weekly and DailyWeekly: After an upwick tail, we now have a bearish divergence on MACD lines, MACD-Histogram as wel as EFI. There is even a ATR channel divergence. Stochastic RSI coming from an oversold condition and now bearish, moving in the reference area. Daily; A list of bearish divergences, supporting the idea on the higher TF. Currently, daily candle went up and closes lower, showing as well that the direction is going down. EFI close to the 0 level and possibly going through it. If this trend breaks we could see it moving down to the -2 ATR level, and possibly after a pull up, a next leg down, forming a lower low, which would be the second target. Entry: around 73,5 (on intraday TF, I entered at market open, when it ticked up) SL, 76.2 Target 1: 70.02 Target 2: 66.7 Target 1 might be conservative, I'll see how it moves then, to see if I take 1/3 or 1/2 of the table. R/R ratio: 1:2 & 1: 3.5
NYSE:HIGShort
by Tornado_Trading
EURJPY: a pinbar where you need one!Yesterday price dropped down below 200 EMA to the support zone. Later, it moved back up again closing above EMA and within the previous candle's range. This pinbar has three supportive factors making it more significant than any other. ► It breached 200 EMA, yet it closed above it confirming the dynamic level to be a support. ► Opened and closed within the previous candle's range => the whole downside momentum was completely absorbed within a single candle. ► Interest rates support the bullish narrative although it is 5 years since they were changed. There is also one contrarian point that should be weighed in. Japanese Yen is usually a currency relied upon in times of uncertainty. I think we've got a lot of that lately. Good luck!
Long
by OrcChieftain
USDCHF Sell Stop On H4, 1. There's a break and a retest. 2. The candle that has retested the previous support as a resistance is forming a Kangaroo Tail. 3.The upper part of the downward channel is been tested On H1, 1. There's a mini-divergence on the stochastic 2. It's the start of the second wave in the trend A sell stop at 0.96633 with TP at 0.96300, not expecting for the price to break the low of the second wave as the divergence on MACD shows a loss of momentum. SL being a pip+spread if the high of the kangaroo tail.
Short
by AtitPatel
1