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Longposition

Feb 24 CADJPY Short-term bear before LONG PositionMTF Analysis Monthly TF had a big push up from tapping the 38.2 Monthly Fib retracement. On a weekly TF, this retracement bounce on a Monthly 38.2 Fib is a bull run. This weekly TF bull run has run out right at the previous month's high, previous week's high, and prev day's high -- which was the best entry point had i done Wyckoff analysis earlier Anyway, since price has ran out of gas on this weekly bull run, it's actually about to break the weekly/daily trendline it's been bouncing off of. My bias is that price will retrace from a Weekly TF perspective to the 38.2 weekly fib level which also perfectly aligns with the previous week's low & an H4 imbalance/inefficiency. Fundamentals to support my bias. JPY had a good inflation YoY rate this morning. CAD had some wobly numbers from yesterday's economic updates.
Long
by RSC_FX
WC1202 EURUSD Outlook: Waiting for reversal to position LONGPrice is at a key zone atm. Markups and notes on the chart but essentially I am waiting for price to signal for a long entry -- potentially at the low of previous month or at the H4 OB / unmitigated demand area within the key zone (blue highlight). The 50% of the H4 OB is in confluence with the 27ext. This area is also a 50's level. Either way, I am looking to see price tap either and rocket up. If price doesn't want to further go down, and my bias is wrong, we are just going to wait for a break & retest of the 0700 level and hold to the upside @1.1200 area
Long
by RSC_FX
Head and Shoulders Bottom | 14% move possibleDirexion Daily S&P 500 Bear 3x Shares forms bullish "Head and Shoulders Bottom" chart pattern "Head and Shoulders Bottom" chart pattern formed on Direxion Daily S&P 500 Bear 3x Shares (SPXS:NYSE). This bullish signal indicates that the stock price may rise from the close of $18.31 to the range of $20.50 - $21.00. The pattern formed over 20 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend. The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, flanked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the first two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline (drawn between the two highs) to confirm the reversal.
AMEX:SPXSLong
by moneytalkstome
1
Continuation Diamond (Bullish) | 19% move possibleVanguard High Dividend Yield ETF forms bullish "Continuation Diamond" chart pattern "Continuation Diamond (Bullish)" chart pattern formed on Vanguard High Dividend Yield ETF (VYM:NYSE). This bullish signal indicates that the stock price may rise from the close of $110.96 to the range of $130.00 - $134.00. The pattern formed over 452 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. The pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks upward out of the diamonds boundary lines, it marks the resumption of the prior uptrend.
AMEX:VYMLong
by moneytalkstome
Double Bottom | 35% move possibleDirexion Daily Small Cap Bull 3x Shares forms bullish "Double Bottom" chart pattern "Double Bottom" chart pattern formed on Direxion Daily Small Cap Bull 3x Shares (TNA:NYSE). This bullish signal indicates that the stock price may rise from the close of $43.19 to the range of $54.00 - $57.00. The pattern formed over 102 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend. The Double Bottom pattern forms during a downtrend as the price reaches two distinct lows at roughly the same price level. Volume reflects a weakening of the downward pressure, tending to diminish as the pattern forms, with some pickup at each low, less on the second low. Finally the price breaks upward above the highest high to confirm the bullish signal.
AMEX:TNALong
by moneytalkstome
THE BULLS ARE BACK!! 2K PUSHIf we Look left we can see previous price action creating Lower highs and lower lows, but with most recent buyers/bulls entering the market at 1180 which ignited this bull run price is on now. We broke the downward trend that I believe was the retracement from Ethereums ATH. Most recent price broke above a key level @ 1675 (Daily & 4h confluence of this area), Price found new support at this level and failed to break back below this area. With that newly found support I believe that will give price the push it needs to make new Higher Highs and move up past the 1780 area. My overall Target area is 1985-2k. I made a little under 10k on the first push from 1180 to my TP @ 1490.
COINBASE:ETHUSDLong
by Market-Robberz
Bearish For Spirit We are looking at a break out here on Spirit Airlines to the bearish side. We can see there has been a Symmetrical Triangle that was formed over the course of almost a year. It broke out recently to the bearish side. Now it seems like it might pull back hit the trend line and bounce back down or it is going to consolidate. Either way in 5 to 6 weeks we a looking at a big move more likely to the downside. Even though is a little more risky trade than usual this has great potential. NYSE:SAVE Some technicals include. Performance rank: Bull Market: 16 out of 23, Bear Market: 7 out of 19 Break-even failure rate: Bull Market: 9%, Bear Market: 7% Average rise: Bull Market: 31%, Bear Market: 26% Change after trend ends: Bull Market: –31%, Bear Market: –33% Volume trend: Bull Market: Downward, Bear Market: Downward Throwbacks: Bull Market:37%, Bear Market: 55% Percentage meeting price target: Bull Market: 66% , Bear Market: 57%
SShort
by DevForEver