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Measuredmove

An IPO few are watchingDEN (Denbury Inc) is an oil and gas company that focuses on CO2 enhanced oil recovery. Boring right? I assume that is the reason it has been under the radar, after all, Technology tends to get more attention. Since September 2020, when it IPO'd, DEN has increased by over 300%. There are 2 potential measured moves, one by using the horizontal range transposed on top of the current support (purple arrow), and the extended target (light-blue arrow) by using the ascending triangle pattern. In late June we tested and failed $80 (approximately), since then, we tested the bottom of the horizontal range (purple dashed-line) and are now breaking to all-time highs. Important Note Earning are Thursday 4th before the market opens, so we could experience a volatile move.
DLong
by dorfmanmaster
JICPT| VIX approaching floor indicates spike ahead? Hello everyone. VIX just caught my eye for its floor level of 8.67 on the weekly chart. I applied measured move to guess when the spike might happen roughly. Guess what? It's Aug. next year. Don't take it too serious, nobody knows what will happen then. By measuring the date between the spikes on the weekly chart, I started to realize no matter what things will happen from time to time , especially VIX is running at low, say around or below 10 . It's like a cycle. All my MAs on the daily is going down and the red downtrend lines were well respected. It will support the market to be bullish until VIX couldn't go any lower. It has to rally from the down, terminating the old cycle and starting a new one. What do you think of my chart? Any ideas?
TVC:VIXLong
by JICPT
2
Happy Days are Here Again!Irrational Exuberance! Bad news is good, good news is gooder! The gaps tell all. Measured move from the runaway gap ought to end up around 388 +/- 2 pips. There must be and certainly will be a pullback from a last exhaustion gap, may gap up sometime 1-3 Nov. Fed minutes on 3 Nov may be catalyst for pullback. Likely pivots shown, 1/3 speedline most likely, given extreme fearless bullishness. Can bull anywhere anytime from pullback to any of the levels shown. Not even attempting to guess where this might occur, get ready! Final ATH TBD, might come in Dec for Santa Rally IMO. Would be a 5th of V EW, a monster. The subsequent break in 2022 will be spectacular... Not advice, just A TOOLUSE TUTORIAL... REMEMBER THE TREND IS UR FRIEND TILL THE END AT THE BEND! GLTA!!
NASDAQ:QQQ
by DaddySawbucks
14
USDJPY - SHORTThe price is below the Major Resistance Level. Bearish Harmonic Pattern has been completed. Consider the development of the South Impulse. First target is - POC. USDJPY - SHORT ENTRY PRICE - 114.200 SL - 114.700 TP1 - 113.700 (Breakeven) TP2 - 112.100 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
2
ES short -testing oscillation strategyThis is my wide look at the market, while I am testing usage of TradeStation brokerage on TradingView for the first time, and it is working marvelously!!! I am building a short of the index using MES, using a quick stop if I am wrong. High R:R trading, but often immediately wrong playing the oscillation at the edges - as that is where new trends are confirmed at the breaking out of the oscillation. I keep doing what works until it doesn't. If it breaks long, I will look at a new trend to the upside and adjust indicators accordingly. We are still currently below the monthly pivot and so near it that you don't get a better price to short this current macro trend should it continue to the downside. Good trading to you, thanks for following and liking my scripts! ~B3
CME_MINI:MESZ2021Short
by HammondB3
ETHBTC: The big move - 0.09 or 0.04?After confirming a symmetrical triangle, the upside target for ETHBTC is around +40% from an upwards breakout to approximately 0.09 for new multi-year highs. The downside target is -32% back to previous resistance and volume support level. While ETHBTC remains in a longer-term bull trend, the likelihood of a break to the upside is more likely, given these triangles are usually continuation patterns. Volume remains low either side of this trade, confirming a large trading gap for a big move to occur. None the less it's important to remain patient as well as neutral until confirmation of a break up or down. The anticipated breakout zone is based on 75% of the triangle completing, after a minimum three touch-points of support & resistance. A breakout is therefore expected by August 18th, with decreasing volume in the past three months indicating a significant move is likely to happen. Along with ETHUSD chart patterns, ETHBTC is a trading pair that also often meeting it's measured move targets (and beyond): Watch out any any bear trap based fake-outs from these triangle patterns, as was the case with Bitcoin recently: In a bull trend with a symmetrical triangle, it's better to trade long not short. Probability is your friend.
by dragononcrypto
TSM breakout + measured move The chart shows a descending triangle, with a breakout. The breakout yesterday and today, have been on strong intraday volume. A measured move can be made by adding the height from the double bottom (purple circles), to the area of the breakout. Using the green arrows to represent the potential move, which takes us to $152 approximately. Which is coincident with the extended move of the fibonacci retracement lines at 61.8%. $135 and $142 are potential resistance zones, where we could see some profit taking.
NYSE:TSMLong
by dorfmanmaster
8
Amazon technical target --> $5000Amazon has been consolidating for almost 10 months. Today's news of a big beat on earnings and guidance has taken us to the top of the consolidation range. It is a classic move for stocks that have been consolidating for a long time, to make a strong move upward before consolidating again. Making a measured move from the last time it did this, we get a potential target around $5000 in a 4-5 months time-frame. To avoid a failed breakout, I would keep on eye on the MACD trend, which has turned positive, but should continue to rise to confirm the move up.
NASDAQ:AMZNLong
by dorfmanmaster
2
Measured Support in the up & downs of #ES_FShowing some trendline support along with measured moves hitting on the short side. Next leg up is a decent bet with the angles of the trendlines still green and the market in oscillation. It is important to realize that in an oscillating market, measured moves hit all the time. Should a solid and lengthy trend develop, the MM's will fail with price blowing past them. Conversely in trendy markets, the MM's would be huge, but when oscillation takes over the MM"s never come close to hitting for a short time. Programming notes: My algorithm is finished! I have 4 scripts off of the idea so far with 2 possibly 3 to go. I want to get them all done so people can save on access costs through bundling. Expect late June to early July for access to these amazing new indicators. Shown: B3 MEASURED MOVES TRIANGLE (Measures moves then projects them in triangulation) B3 AUTO-DRAW (Automatically paints valid-only TRENDLINES, FRACTALS or ZIGZAG)
CME_MINI:ES1!Long
by HammondB3
1