CELG hit a strong resistance level after a 3-week momentum trend. This resistance is strong. The consolidation has Professional Trader footprints.
Good evening ladies and gents, another trade set up here. HA in a Rising Wedge pattern which is inherently bearish inside of a bearish trend as well. You are showing Daily Triple Bearish Divergence on the Oscillators. Common exit targets of a wedge are between the .382 and .618. Although, I usually take my profit at the 50% retrace and the .618. I may save a small...
CELG completed a long-term bottoming formation in June and recently moved up to challenge a higher resistance level.
An intermediate-term basing bottom created by Dark Pool Quiet Accumulation completed with a High Frequency Trader gap up to a resistance level recently. BIIB retraced due to Pro Traders taking profits.
A typical High Frequency Trader gap down was halted by Dark Pool Quiet Accumulation. ALGN gapped up recently to test the bottom completion resistance level.
CTXS moved with strong momentum to a bottom completion resistance level recently. The stock may retrace and retest before breaking through the resistance.
JPM shows classic Buyback price action, resulting in a momentum style run recently. The stock is now at a long-term resistance level from prior years. The Buybacks are now facing Dark Pool Quiet Rotation™ at this price level.
BA has been under Buyback mode, driving price upward to a moderately strong resistance level. The stock shifted to a consolidation candlestick pattern. Some Dark Pool Quiet Accumulation occurred in the bottom formation.
NUAN had a strong run out of a platform and rose above the previous high’s resistance level. This was on a weak market day. PSHI is high for this stock. It has new technology coming this year.
JD is now near completion of its intermediate-term round bottom formation. The resistance above price is weak with adequate upside potential for a swing or day trade. There has been intermittent quiet accumulation during the bottom formation.
HAS gapped up on strong earnings news. The gap is a breakaway and is now in a compression mode. Balance of Power shows some pro trader activity in the stock at this time. The next resistance level is the highs of September. This is a swing or day trading setup.
Symantec Corp. was sideways for most of this year. Recently, it gapped up during earnings season. A weak retracement may be a setup for a breakout attempt against long-term resistance. Red line shows that resistance level on this chart.
BtcUsd (3D) The straight inclined diagonal lines are trend lines. The dashed lines and colored boxes are support and resistance levels.
APPL has suffered the biggest dump of shares in its history. Price has bounced back by still less than a 38.2% retracement (at this time). Now price is struggling at a key inflexion point. Will APPL recover? I don't know - as I cannot see into the future. The probability estimate at this time is further downside eventually on the weekly to 3-Daily.
This is a classic situation where fear, uncertainty and doubt all come together. The situation with ULTA is critical on the weekly and exposes opportunities on lower time frames.
As seen from the chart above, the price of EURUSD currency pair has reached a support level and is currently on a strong downtrend. Retracement towards the nearest resistance level is expected before price continues to fall further. Do let me know what you guys think.
As seen from chart, price of EURNZD currency pair is testing resistance level. If test fails, good sell setup and price is predicted to move to nearest daily support level. Do let me know what you think.