Open
$OPEN Bullish!- OPEN is looking extremely bullish is in a huge channel between both trendlines (black trendline).
- It also looks like it broke out of flag and currently going to retest the trendline and making some sort of a falling wedge!
- It also looks like its a 5 wave structure to the upside, ending in that prefect trendline (black trendline)
- Overall Bullish with indicators showing sign of reversal don't miss this one!
IPOF $20 price target Chamath Palihapitiya, the one and only spaq king, has so many of these its hard to keep track. I like this will get to $20 in the next 6 months. I intend to be adding on dips around the blue horizontal lines which are weekly levels of interest. The Chamath wave is just starting.
Open Graph - GRTThis is not so much of a Technical Analysis.
This is an introduction to a project I have been waiting a long time for. Open Graph provides a valuable service to the crypto industry in general, and because of this - the token will become well adopted. I believe this will continue to go up and outpace Bitcoin for a little while longer.
Buy the dips!
Just like Injective Protocol, this is following its own pattern. Up 700% since it was traded on Coinbase. I am buying the dips.
Trading Futures Pre-Market and Opening Range BreakoutsConsider trading the breakouts/breakdowns of the Pre-Market and Opening Range levels in the USA Futures Session. In this example, Pre-Market time is 4:00AM-9:30AM Eastern time and Market Session time is 9:30AM-5:00PM Eastern time. The Opening Range is defined as the range between the high and low of the first 5 Min candle.
$TSLA S34 likely tomorrowThe S34 opening sell signal is likely to show up tomorrow at the open.
Look for a daily open above 436.56 to get a confirmation.
The intraday entry will not be easy to spot with high volatility expected.
Supply Line (level8) will also generate a breakout signal that will have to be invalidated on Wednesday’s close to confirming the sell signal.
Hence it is probably better to wait for Wednesday’s close to increase the odds of success.
No guarantee this S34 exhaustion point will reverse the trend.
Wave B could also shift to the right tomorrow.
Stay cautious
Cheers!
MATHR3E
EURUSD 1.1700 - 1.1620 Downside Objectives For Now. *OHLC* I can see shorts for EURUSD. Price needs to stay above the grey box to maintain the bearish outlook. If the top of the grey box is traded to, we need to get away quickly from that area. Otherwise, we will consolidate or move back into a bullish stance.
NZDUSD SELL STILL OPEN!Not much movement here but still... the sell is still open and we continue to hold!
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too!