Potential PO3 in formed on BitcoinThis fundamental analysis shows the potential of a PO3 pattern forming. We went to the EMA50 on the 1 hour time frame which was the manipulative move in the Po3 pattern. At the moment we are back in the consolation area, but there is a chance to go back to older lows that were respected by the last decline, which could have its turn now. So $56k is the target for now.
Moving Averages
SPY holds steady while QQQ sells offDuring the past week, SPY and QQQ have diverged in their paths
QQQ slowly and steadily sold off
SPY traded flat during that time
This indicates that the sell off in QQQ was primarily tech driven and did not spread to the rest of the industries
other industries look to be holding stable
QQQ shows a reversal is nearQQQ experienced a number of turning points showing increased weakness in the sell off we have been seeing over the past week.
False breakout to the upside
Strong growth in volume confirming the breakout direction
Hammer candle on close indicating reversal maybe coming after later day retracement
RSI breaks above SMA line for first time
This change in direction we have seen today with a new interest from the bulls shows that ever selling we experience going forward will likely be tested by the bulls again.
For trend traders I would recommend sitting on the side lines until we see a stronger trend form either to the up or down side. This current down trend is showing weakness.
52 Week High Breakout - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss best suitable for swing trading.
Target and Stop loss Shown on Chart. Target Ratio 1:3. Small Cap Stock.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss best suitable for swing trading.
Target and Stop loss Shown on Chart. As stop loss is Big we keep Initial Target Ratio 1:1
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
NVDA has good measured potential above last week's highs.NASDAQ:NVDA has room on the daily chart to about $135 if it can build above the highs from Friday and Thursday of last week. With earnings on Wednesday at 4:20 PM EDT, there should be significant opportunities to the long side if price continues to build above the daily 50 SMA. Equity was added long into the daily 9 EMA, and retest of the recent dark pool at $122.80, and I continue to swing long with targets at weekly highs and the daily upper Bollinger Band.
NVDA has a demand zone at the rising daily 5 SMA.NASDAQ:NVDA daily rising 5 SMA will be a potential demand zone tomorrow. I will be watching NVDA to hold this area for a long entry intraday. If NVDA loses this area, there is room back down to the daily 50 SMA, which is a major potential demand zone. This may provide an intraday short opportunity under today's low into these demand zones, and the ability to add equity long for a swing if these demand zones hold.
Dollar General | DG | Long at $90.00Dollar General NYSE:DG took a massive hit this morning after revising their future earnings guidance. The economy is showing many signs of a recession, and this is a clear warning. From a technical analysis perspective, it has retouched my "crash" simple moving average and may dip further into the $80's in the near-term. But, like many overall strong companies that suddenly plummet, I view this as a future opportunity given the strength of NYSE:DG as a business (holistically). Dollar General is the only grocery and home goods store around in many rural locations. So, while there is doom and gloom in the near-term, Dollar General is in a personal buy zone at $90.00. I view this as a starter position, though, with the potential for future declines/opportunities for additional share accumulation in the near-term.
Target #1 = $100.00
Target #2 = $122.00
Target #3 = $200.00+ (very-long term outlook...)
CONFLUX (A Possible Bullish Scenario)CFX made unfortunately a fake break out back in Mar 2024.
The best possible bullish scenario rn imo would be a fake break of Oct 2023.
Passing $0.165 is cancelation of the idea because it would be very bullish for cfx
$0.075 would be a good entry due to the Fibonacci cluster around $0.070 : $0.075
Breaking $0.048 is the first invalidation.
Breaking $0.022 is the final invalidation.
Darvas Box Strategy - Break out StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss best suitable for swing trading.
Target and Stop loss Shown on Chart. As stop loss is Big we keep Initial Target Ratio 1:1
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Darvas Box Strategy - Break out StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss best suitable for swing trading.
Target and Stop loss Shown on Chart. As stop loss is Big we keep Initial Target Ratio 1:1
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Bearish trend continuation for the weekThat's my idea for the current downtrend if we continue it. Nvidia earnings today at 10pm could be a factor for volatile price action. I see the possibility of a move up to the 1hr EMA50 at around $61.2k if earnings come out well. This is a scenario where we continue the current downtrend. Check out my bear scenario for this week here on tradingview to see the bigger picture. The level to keep an eye on is the $56k level as the price could be interesting there due to pools of liquidity. I have also marked the current price levels where we are again. These are the levels of the consolidation range we were in last week.
SMCI to $300? NASDAQ:SMCI delays their 10-K filing for FY2024.
The company said that additional time is needed 'to complete the assessment of its internal controls over financial reporting.'
Delaying the filing, especially right after Hindenburg’s accusations, raises serious red flags.
A $300 target seems like a genuine downside.
Disclaimer : This post should NOT be construed as investment advice and is meant for learning purposes only. Please consult your financial advisor before making any investments.
How to ride trend and exit positions using Shlionz MAsBuy Signal:
Trend Start: Buy when EMA 50 crosses above EMA 200.
Pullback Entry: Buy when the price pulls back to MidBB or EMA 50 in an uptrend, with WMA 10 crossing above MidBB.
Confirmation: EMA 5 crossing above EMA 10 (WMA 10) can serve as additional confirmation for entry.
Sell Signal:
Trend Reversal: Sell when EMA 50 crosses below EMA 200.
Pullback Exit: Sell if WMA 10 crosses below MidBB or EMA 50 after a pullback.
Confirmation: EMA 5 crossing below EMA 10 (WMA 10) can signal a potential exit or further downside.
Risk Management:
Stop-Loss: Below MidBB or EMA 50.
Take-Profit: At key resistance levels or based on a risk-to-reward ratio.
Implementation Summary.
Buy Entry:
EMA 50 crosses above EMA 200.
Price pulls back to MidBB or EMA 50.
WMA 10 crosses above MidBB.
EMA 5 crosses above WMA 10 for confirmation.
Sell Exit:
EMA 50 crosses below EMA 200.
Price closes below WMA 10 and MidBB.
EMA 5 crosses below WMA 10 for confirmation.
Incorporating EMA 5 adds a faster-moving element to your strategy, helping you to react more quickly to short-term changes and providing additional confirmation signals.
Halliburton’s Potential Bearish FlagEnergy stocks continue to lag as the market anticipates greater supply and weaker demand from China. The backdrop may be creating downside risk in Halliburton, a key provider of oilfield services.
The first pattern on today’s chart is the January low just below $33. Prices bounced there in June and July. They slid below in August, which may be viewed as a breakdown.
A small rising channel has developed since then. Some traders may view that as a bearish flag. (Notice a similar formation in May, followed by a drop.)
Third, the gap lower on July 19 after revenue missed could reflect weakening fundamentals.
Next, our 2 MA Ratio custom script in the lower study shows the 8-day exponential moving average (EMA) staying below the 21-day EMA. That may reflect a bearish short-term trend.
The longer-term trajectory could additionally be negative: HAL made a lower quarterly high in April versus October. The 50-day simple moving average (SMA) also had a “death cross” below the 200-day SMA in June.
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$SPY August 28, 2024AMEX:SPY August 28, 2024
15 Minutes
Yesterday AMEX:SPY managed to hold 558 levels even though it opened gap down.
Today for the rise 558.32 to 562.05 holding 560 levels uptrend will continue.
I will go long above 562.5 levels for 564 to 565 as target for today. A good close could take us to 567 this week if 558 is held.
The lower levels are still intact between 553 to 558 levels with 556 as a good support.
Once 553 is broken then we can see a possible $8 to $10 retracement.
So, I will wait to short till 553 is broken.
Short down phase with possible reboundStarting off with the daily, PPM1 is still solidly in trend mode, which means the 10SMA will still act as a strong support initially.
That said, the trajectory of PPM1 is still down. However PPM2 is predicted to be rising. Hence even if the 10SMA is breached, the 21SMA is likely to hold the line.
PPM3 is not giving any useful info for now as it is trendless and predicted to stay trendless for the time being.
Moving over to the weekly, all 3 PPMs are in uptrend, though PPMs 1 and 2 are below their derivatives. Expect a breach of their respective SMAs but I'm not expecting any major downturn any time soon.
The angle of attack of the 21SMA is still significant, hence it is likely to maintain that trend for the next 2 to 3 bars unless something drastic happens to the price.