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Falling Wedge- Bullish - UpdateCHPT still hovering right above oversold territory on the RSI, however, has been holding a massive falling wedge for quite some time now. By no means is this a short term play, regardless, will be looking for a breakout from this wedge- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on - Bullish long **(See Previous Charts Below)** - Nearing the oversold range on the RSI (Slight bullish divergence on shorter timeframes) - Bollinger bands squeezing - Massive Falling Wedge - Good long-term entries PT1- $21.67 PT2- $24.09 PT3- $26.65 1-Hour Timeframe Previous Charts-
NYSE:CHPTLong
by jacobosiason7
2
ROBOTRADER ETH BUY OVERSOLD AT 3900, Last chance???Buy ETH as Wall Street is shorting the futures to scoop up physical off crypto exchanges. Investory is crashing, ETH will be $10K and people will wonder why... Top next day opicks in order of preference: ETH - oversold at support, accumulation by banksters who monkey with shorting futures to buy physical BTC, anticipating break out back $59-65 violent, everyone eager to buy the dip. The Pullback was it. This is crypto, it's the value of the dollar that's crashing! DOGE - Don't bet against Elon Musk. Takes 10% of SpaceX and backs DOGE with it. It could happen! SHIB - Mega pump - you need 10% of this one but it;'s toppy here at 6000, of crypto turns bearish, SHIB Futures will pop up at the CME for a nice short session with the wolves.
BITSTAMP:ETHUSDLong
by UnknownUnicorn2413721
USDJPY too overstretched! Correction Likely to Occur USDJPY is too overstretched or to put it in technical analysis term, its too oversold. Therefore an anticipated correction would likely occur. However as traders we perform technical analysis and await confirmation that a correction would likely take place. Here we have a 4H chart of USDJPY. 115.000 represents a concrete monthly psychological resistance where the prices might likely reverse for time being. Also on the chart an ascending channel is visible and MONTHLY pivots. A confirmation which is needed here would be the following: 1) break of ascending channel 2) Close of 4H candle below the 4H 50 EMA 3) close of D candle below R2 monthly pivot After all the above criteria have met, its important to know that the initial target would R1 MONTHLY PIVOT (112.500). However since this trade is on 4H timeframe, an extra caution is required which would be to notice where the weekly pivot pointS are located when the trade criteria has met. Combining all these, the risk to reward ratio evaluation is required and SHORT trade can be placed. Note: This is just my personal technical analysis and its not a trade signal. The trade signal would be posted on an entirely different post shall the trade criteria meet.
Short
by FX618Analysis
Gap Fill- BullishWatching PINS closely here- Sold off after earnings, patiently waiting for a good entry- with a catalyst or an increase in buyer volume relative to seller volume should really pop- will be looking for a breakout broader market conditions permitting. Bullish, just some FIB levels along with some RSI-based supply and demand zones to keep an eye on. - Big gap to fill on the upside - Oversold on the RSI - MACD is seemingly about to cross PT1- $57.20 PT2- $58.85 PT3- $60.33+ Breakout
NYSE:PINSLong
by jacobosiason7
4
Bullish- Breakout Play (Long)Had my eye on PYPL for quite some time now, RSI is still hovering right above the oversold range on almost every timeframe after selling off after earnings. Will be looking for a breakout (broader market conditions permitting) Bullish - just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones to keep an eye on- - Bullish ABCD Pattern Formed - Falling Wedge (Bullish)- Within a Larger Ascending Triangle - Sitting right on the 200-day EMA - Slight bullish divergence on the RSI PT1- $264.79 PT2- $269.18 PT3- $271.76 PT4- $274.08 + Breakout (*Previously Charted*)
NASDAQ:PYPLLong
by jacobosiason7
1
XAUUSD at a key level!Based on the chart, for XAUUSD, price reached a major support area and a rejection is about to happening but it's not completed yet! So at this moment we can have to different scenarios that we are talking below: ---------------------------------------------------------------- 1. Price rejection from the support level is completed and the price moves up 2. The rejection of price will fail and the major support area will break. Then we've to be ready to sell at the pullback. ---------------------------------------------------------------- So what do we think about the price movement right now? Currently we have more bullish bias about the next movement of price. So let's check our reasons: *************************************************** 1. We are in bullish trend ( Bullish ) 2. Price reached to the bottom of a bullish channel ( Bullish ) 3. Price reached to a support area at the moment ( Bullish ) 4. RSI(14) is in oversold area ( Bullish ) 5. It has been a strong bearish movement which lead the price to the bottom of the channel ( Bearish ) *************************************************** So based on the following scenarios we can still have bullish bias otherwise the scenario changes. However consider that these are different scenarios and we do not have enough proofs for buy or sell right now (That's why we set this analysis as Neutral ) But let us see what do you think about the next movement? up or down and why? please bring your reasons and feel free. Your idea is always valuable to us! Good luck and thanks for supporting us!
FOREXCOM:XAUUSD
by Brian_Philips
Update - Falling WedgeJust posting a quick update as ROKU is still looking very interesting here- Double top played out as expected- will be watching closely for a breakout here (broader market conditions permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish - Falling wedge ( bullish ) - RSI in oversold territory - MACD cross looks to be imminent - With buyer volume should really pop PT1- $328.71 PT2- $330.58 PT3- $339.90 + Breakout
NASDAQ:ROKULong
by jacobosiason7
2
ARKQ pick up some extra shares as it nears supportARKQ is an ETF started by Cathy Wood as part of her ARK brand of ETF's that invests in growth technologies. ARKQ specifically targets robotics and AI and I regularly invest in this ETF as well as ROBO issued by Exchange Traded Concepts as my way of gaining exposure to an industry I believe will experience above market growth over the next 20 years. As with any long term investment I do not believe it is especially useful or necessary to attempt to 'time' the market, however I do think that using technical analysis you can add to your regular investments by purchasing additional equity at oversold prices. This does not mean you attempt to pick market bottoms but rather find levels where selling may have become over exuberant and prices are likely to stall or experience a rebound. ARKQ is approaching the bottom of a range that has developed since early March this year and I will be purchasing some extra shares as price enters the highlighted zone on the chart. The market is experiencing headwinds on many fronts at the moment and prices are very likely to push lower through this support level, if this happens I will continue to purchase additional equity at each new support level. It is important to maintain discipline and composure when engaging in long term investing, fear and panic experienced by other market participants are perfect opportunities to add to your positions at bargain prices. *Not a recommendation to buy or sell, simply for educational purposes*
CBOE:ARKQLong
by MarkE
SPY: BUY THE DIPSPY: Long for the next 3 weeks After some charting fun I made a few observations ~During the past dividends, there has been a big pullback which coincided with the previous 5% drop and this 6% drop. This could be a bearish indicator for future SPY contracts to keep in mind. Dividends = puts ~The previous resistance became the long term support ever since April. This, if SPY ever does break this resistance line without coming back, there are two gaps to fill which would be great Price targets (414.50-416) and (401.30-402.70) ~Using fractal recurrence, we can see that we may see a rise to probably around 449 before we see our next major pullback. The last 5% drop that followed a double bottom that we are seeing now followed this pattern, and seeing as to how this is a very similar fractal...Lord have mercy. ~Also keep in mind that the RSI is overbought rn and has also started curling up. Every time it has done this it has gone to overbought.
AMEX:SPYLong
by CheckMatted
6
What Does The Market Future Look Like? Look HereSo far Southern Company has moved with the market. Historics say we may move down a little more before moving up by November. Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 24, 2021 with a closing price of 63.16. If this instance is successful, that means the stock should rise to at least 63.81 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 5.1% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 6.235% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.544% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 13 trading bars; half occur within 23 trading bars, and one-quarter require at least 33 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:SOLong
by StockSignaler
Ascending Triangle Forming- BullishLooks like an ascending triangle forming on GS after a long downtrend & some consolidation- - Closed yesterday sitting on the 100day EMA and looks like it will reclaim the 50-day as well - Buyer volume starting to pick up again, was in oversold territory for quite some time - MACD is seemingly about to cross, EMA's curling upwards on shorter timeframes (Not Pictured) - The previous times GS has been rangebound for a bit have seen a big breakout to new ATH's (See Previous Charts Below)- also consecutive pattern of making higher highs and lower lows - Bullish & looking for a breakout, just some support and resistance levels to keep an eye on along with some RSI based supply and demand zones to keep an eye on PT1- $392.16 PT2- $396.52 PT3- $398.95+ Breakout
NYSE:GSLong
by jacobosiason7
2
Bullish- Triangle breakoutPersonally am bullish on SQ here- will be watching closely for a breakout - Sitting right on its 200day EMA - Nearing the oversold range on the 4-hour time frame - Falling wedge on the 1-hour timeframe and oversold on the RSI (See Chart Below) Should pop with buyer volume, (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones - Bullish and will be looking for a breakout from this triangle PT1- $255.37 PT2- $267.18 PT3- $271.76+
NYSE:XYZLong
by jacobosiason7
16