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JPMorgan to $80 by October 2022NYSE:JPM Jamie Dimon and his army of minion traders at $JPM are printing the classic bear pattern of a H&S top (green). Measuring that formation, that should put us at a local bottom sometime in October. From there I would expect the Santa Rally to be our retest of the neckline, before creating the base of the much larger H&S pattern in yellow. Measuring that pattern out gives me my price target of $80 when it is all said and done by October 2022. And yes that is a price gap at $110 (purple box) that I expect to be filled in these moves. - Penny
NYSE:JPMShort
by PennyBagsCapital
Devon Energy (DVN) | Technical Break, Wait For a Retest!Hi, another idea from the stock market. Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma. Technical analysis of DVN looks promising. The price of Devon Energy has made a break above the trendline which is pulled from ATH in 2008. It has worked quite strongly as resistance and after the break above it starts to act as a support. There is also a minor level around $20. It has played quite a significant role considering history. It is good that the trendline and the strong horizontal area form a grossing zone which adds strength to the future retest. We haven't seen higher highs on the monthly, but if you look at smaller timeframes then there are some minor breakouts of the structure (higher highs) which are good confirmations for future growth. If you are made your own fundamental research and you see that it might be a good investment then technical analysis confirms it, at least mine. Remember, a perfect investment consists of good fundamentals and good technicals. If one of them does not meet your expectations then skip it, easy. If you have the green lights from both analyses then you can start building your positions from £23! Have a nice weekend, Vaido
NYSE:DVNLong
by VaidoVeek
1
[GBPUSD Short] 28 June, 2021 - Roger V Trading Ideas28/06/2021 GBPUSD Entry Resistance level idea: 1.41900 Resistance TP Support level idea: 1.39050 Final SL for all Short positions: 1.42950 Resistance Level Comment: Wait for the trend gets near or within the part squared into its resistance level before the weakening signal appears. -------------------- (Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) -------------------- Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Short
by aluotradingjournal
[GBPUSD Short] 28 June, 2021 - Roger V Trading Ideas28/06/2021 GBPUSD Entry Resistance level idea: 1.41900 Resistance TP Support level idea: 1.39050 Final SL for all Short positions: 1.42950 Resistance Level Comment: Wait for the trend gets near or within the part squared into its resistance level before the weakening signal appears. -------------------- (Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) -------------------- Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Short
by aluotradingjournal
1
THE COMING COLLAPSE OF THE ENTIRE GLOBAL FINANCIAL SYSTEM - S###It has become clear that global indices will collapse dragging entire stock markets with them could this be the end of days? could this be a repeat of 2007 - 2008 commodities markets will collapse Certain G7 FX markets will rise exponentially then later collapse The coming great reset seems not so far away - do I agree with this notion that could potentially send us back to the stone age hell no but here we are folks... in all my years of trading I've never witnessed something that's coming swiftly which is this bad never in history have we been in this political / financial / medical tyranny of a situation consolidation of resources and power is undergoing a new order the wealth gap is about to get wider than it has ever been in history to know the future one must look to the past to understand the world one must look within good vs evil has always been the battle for souls mark my words doom lay ahead. NOW I'm not saying this will come fast but gradual. I'd also like to state I play no part in this but I'm short those responsible for this have been doing this for centuries. I'm not just saying one nation all will be effected by this! AMEX:FAZ BMV:FAZ TVC:SPX AMEX:SPXU AMEX:SH SPCFD:SPX MIL:SPX OANDA:SPX500USD AMEX:SPXL AMEX:SPXS AMEX:SPXU AMEX:SPXB FOREXCOM:SPXUSD USI:PVSPX USI:CVSPX USI:OVSPX OMXSTO:BEAR_SP500X5_ND1 AMEX:VOOG CURRENCYCOM:UK100 CAPITALCOM:UK100 GLOBALPRIME:UK100 OANDA:UK100GBP CURRENCYCOM:UK100 INDEX:FTSEMIB XETR:DAX NASDAQ:DAX CURRENCYCOM:DE30 OMXCOP:BEAR_DAX_N MYX:EURO TVC:GOLD TVC:SILVER TVC:SX5E INDEX:SX5E CURRENCYCOM:US30 GLOBALPRIME:US2000 FOREXCOM:US2000 FX:US2000 OANDA:US2000USD TVC:DJI FOREXCOM:DJI DJCFD:DJI TSXV:DJI TVC:NI225 FX:EURUSD FX:GBPUSD FX:USDJPY OANDA:EURUSD OANDA:GBPUSD FX:GBPJPY FX:AUDUSD FX:USDCAD FX:EURJPY FX:USDTRY OANDA:AUDUSD FX:EURNZD FX:USDCHF FX:EURNZD OANDA:USDCHF OANDA:NZDUSD FX_IDC:FJDHKD FX_IDC:FKPBRX FX_IDC:FJDBRX FX:NZDCAD
AMEX:FAZLong
by MaverickTrading
5
🦩🌴 Just for Fun: Here is a QUIZ 🦏🌴Just a random chart of a random company named Quiz 😹 Question is: Out of ALL ASSETS in ALL CATEGORIES, which chart is the most constantly bullish one? 🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙 In other words: Which chart is the GOAT of Bullish Charts? The undisputed champion of Bulls? 🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙 Winner (whoever answers right first) will be gifted a special FXPROFESSOR ''little something special'' Let's go! Who can answer right FIRST? the Nutty Professor
SWB:QABLong
by FX_Professor
24
Can This Tokenizing FinTech Maintain Its TrendI'm hoping ABXX can keep the support along the cup and handle trend. New support was recently found around $3.33. The Simple Moving Averages on the 4 hour and 6 hour charts are both crossing at $3.64. $3.64 also acts as a resistance point on the hourly chart as shown below. Huge resistance is coming around $3.70. The next major resistance level is at $4.00. A close up on the 4-Hour chart shows a gap that must be filled around $3.95. Zooming out to the Daily chart, we are on candle number '7' out of a '9' candle trend. Hopefully after this '9' candle-trend to the downside is complete, ABXX shareholders should see bluer skies ahead. I do not give financial advice, but you can see my earlier, more in-depth analysis of ABXX & ABXXF under my 'Related Ideas'. I do adjust trend-lines and other info as the chart changes. I really like this FinTech company, it's team, and their mission. This a great play for investors like me who are interested in: ESG (Enviromental/Social/Governance) Blockchain technology & Tokenization Mining, Precious Metals, LNG (Liquified Natural Gas) I try to follow the smart money. I am long ABXXF.
NEO:ABXXLong
by the13thalien
1
BTC is now 1:1 value with the DJI where do we go from hereSo got a nice line up for tonight bitcoin and the down jones are an even bet right now at 1:1 you can by one bitcoin or one issue of DJI both cost the same, but do both have the same future profit potential ahhhh now you can see why they want you to see cryptos as dangerous and a failure, the Feds have been talking down bitcoin along with other governments while they are all taking steps to turn their own currencies into crypto.... mean while companies that house crypto exchanges are setting the ground work for regulation from the feds this has split the crypto market in half one half is regulated through exchanges and the other half through digital wallets, privacy coins and subnets
OANDA:BTCUSDLong
by RobinhoodFX
RTY. How it compares at the moment.Here is my math: 3/4 are wrapping upper trendline = buyers are coming out. 1/4 (RTY) isn't testing upper trendline, but did not create new swing low. Add it together, and I think there is a bullish case for the afternoon. I really want to go long on all four, but I have a history of freestyling more than absolutely necessary, and the MA's (which are meant to help me) are still down. For the sake of long term growth I think I have to resign to an observatory role. Maybe I'll check back in for the afternoon session and see how we close. This would be one of those times I take all the trades on my sim account and turn over a couple grand. I really hate to do that. It gives me a big head with nothing to show for it, but I think that's my safest and best positive action at the moment. ---- In the end this is just a big bet that the markets are going to buy back what they sold off this morning. I have a tendency to think I can predict the future through these stories I tell myself. And, I know that's not the proven path. They did sell pretty stinking hard meaning there is now a lot to be made on the way back up. My following thoughts are... It's only Tuesday, meaning this could go on all week... followed by... If I bought now without a stop loss, or a super low stop loss, and held on tight, I could probably capture at least 100-200 points on the NQ. probably more.
CME_MINI:RTYM2021Long
by emehoke