Looking for some more upside after a short pullback. Then be on the look out for a breach of the rising wedge and a retest on the peak trend line.
Signs we're going to pullback hard -200ma is at 332, I've never seen anything not react to it's 200 daily MA. -At least 4 previous rejections (support and resistance) at this price -A 9 on the TD9 indicator (the numbers above the candles). Back test this, you NEVER mess with a 9 on a high timeframe lol. (9's are strong indicators of reversals) -All oscillators...
AMZN Short That Simple Trade It Or Not... Easy Peazie... Trade safe and take profits fast...DUHHH XETR:AMZ
There seems to be a little more risk to the downside at this point as price tests the upper limit of the rising wedge as well as overhead horizontal resistance. There is currently no price action signal's yet to take a short term direction trade (such as a pinbar, 2 bar reversal, evening star, etc.), but I have continued to reduced my long delta's as a little bit...
Again you have been the opportunity to get together the best position so you can take advantage of this $45 pullback.. But will you? Consolidation sideways could take up to three more days, but i doubt it.. A little pain never hurt. Stagger in.. Trade Safe.. Take Profits.. NASDAQ:AAPL
On the deceber 3rd we were right about shorts at the top of the channel here Bears still happy below 6370/6400 on daily basis and retest of the latest low possible. Daily close below may expose 5000 and even 4600 but Im not going to be surprise to see aggressive rally above 6400 which may expose top of the channel again.
Pay attention to this chart because I can't stress enough how important it is to understand price boundaries and ranges. This chart is a measurement of price elasticity in relation to the VIX and historically has shown that any price decrease where this Index falls to below $3.50 is, typically, a setup of a major price bottom. At this point, I urge all traders...
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Highlighted on the chart, I wouldn't trust a long until we see some capitulation onto the wedge support.
Top chart = 1 hr - resistance line from G20 highs (black line) - resistance line from Oct 1 (see below, red line) Bottom chart = 8 hr - resistance line from Oct 1 that has had price pause on it 100% of every tap (red line) If bulls are able to pop over this pink line, we should see a powerful rally, otherwise bulls will need to give up ground to rebuild...
NQ 30 min - blue line is strong support, we have a big bull flag off G20 highs, we need to breakout of the flag and not break blue line support. So long as we stay above blue support line, I think odds are more in favour of a retracement. Tight stop on blue line of course.
Looks like dead cat bounce for now. Bears took that post G20 rally as selling opportunity. more fake news needed as bulls have to retake 7200/7400
Potential here for a big breakout - try to short the peak if you're brave enough otherwise wait until the price comes down to perform a throwback retest of resistance breakout to go long.
WIth Trump and Xi meeting at the G20 in Argentina, will we see a trade resolution that will spark a run higher for the year end?
Two converging resistance lines on the red circle will prove to be a good short setup. channel resistance (pink) resistance line (black) belonging to a descending broadening wedge (use the channel support as the support for this broadening wedge) Different look - MMARs on the 8hr chart. I do not trust this as a bull rally until we get a strong sustained...
Our first expansion of Implied Volatility in 3 weeks. Last week was $47 Expected Move, this week's Expected Move is $62. I'm not sure what this next week will bring us, my bias short term is to the upside. There's a confluence of support right below us at $2,600. But at the same time I don't like the long trade unless we see some extreme capitulation-esk move...
We have a strong bounce here pre market. This honestly looks pretty strong to me. This is my 15 minute time frame. Hey, I'm not a permabear I promise. This is the earliest timeframe that I could find a bull case for, and thought it was convincing. On my Stochastics on the bottom of the chart; My longer term Blue Stochastic has risen above the lower black...