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Rebound

Surprise! Time for a rally!I'm now targeting the $265-$280 area. It turns out my descending triangle was actually a bullish descending wedge. I'm now long and watching $190 strong support. It may not be immediately, but somehow, sometime, we are going to reach that $270 area again. Price is bouncing at support as I type this, so I'm thinking this may be it despite the lack of a real V-shape other than the one right before that descending wedge. It's not pretty, but it's there. We also have what I would call climactic volume, so in light of the circumstances, I think it's a safe bet that a long here will pay off. Good show while it lasted. I hope everyone made money. Donate and I will love you till I die: 1KbNCKfxKbAuQtCmonhzeTFEM7JLi6gerP
BITFINEX:BTCUSDLong
by MoonTrader
8
USDJPY in the decision zone3 ways to play this for $USDJPY: 1) Buy now with a tight stop loss around 118.50 2) Wait for the movement up to start before buying 3) Sell in the region 118.6-118.5 In case of 1 & 2 TP is the upper boundary of the channel above 120.50 in case of 3 first TP is around 117 region, however since it's $USDJPY we are shorting take care on being Long Yen, since there is tendancy for large volotile rebounds from lower levels, as players are keen to get better entries for the long term longs My approach is 2, please trade responsibly
by TradingMax
In $TSLA, Everything Points To Upward Move1. Each bottom represents an approximate $60 increase from the previous one ($55-$115-$175-$235) and on Friday we closed just above $235. 2. TSLA rebounded off of the orange trend line twice, seems like its going for a third time. 3. $235-$240 level has a history of being a support/resistance level dating back to March of this year. 4. The RSI shows TSLA is oversold at the moment, and when TSLA is oversold, it doesn't stay that way for long. 5. The stock is currently at the 100 Day Moving Average (DMA), where it could potentially find its first support. 6. TSLA hasn't gone below the 200 DMA in 2 years, meaning there is huge support there, and it is only $15 (6.4%) away if the stock manages to break below all the other trends.
NASDAQ:TSLALong
by 32no
4