PLAY -ing with Fire Up here - Dave & Busters Eatertainment ChainDave & Buster's is an American restaurant and entertainment business headquartered in Dallas.
Each Dave & Buster's has a full-service restaurant and a video arcade.
As of January 2022, the company has 144 locations in the United States and two in Canada.
A quick scan of Google Maps D&B locations shows that very few are rated above 4 stars
This is a large national chain with a good footprint, however the upside is limited if common Americans begin to slow down discretionary spending.
Retail
BABA MOMENTUM POSITIVEWeekly Chart - BABA
I am taking an interest in BABA here. It has been in a steep correction for well over a year and appears to have made a bullish wedge. What really has my attention is not only the price breakout above but also the momentum break. I may leave myself a little room and time here but I personally may take a heavier interest if it stays this cheap or drags sideways.
These patterns are great for trading the spikes but there are no guarantees. It's not uncommon to see a large spike up (15-30%) only to correct and go nowhere for weeks or months. A breakout does not guarantee profit.. but for me the reward outweighs the risk in this zone.
Let's see what happens.
EURUSD - Bearish Week?
Hey guys!
Here's my perspective on EURUSD this upcoming week.
Enjoy :)
BEFORE WE BEGIN:
This is my perspective. Do your own analysis before taking any trades.
- There are some strong High Impact News this week which may affect the direction of the market. This may ruin this EURUSD idea...
- Also, should the H4 FVG be closed in with a full body candle - aka closing above 0.98563, I am then no longer looking at this idea as price may run a little higher from there.
However, should none of these two events ruin the setup, then I see this idea as highly probable...
MONTHLY
The current Monthly candle has created an Immediate Rebalance as it wicked straight up into previous month's Low and rejected.
As of the Monthly Chart, it looks like price is headed down into Previous Month Low.
This gives us the framework that Shorts down into this level could be ideal.
WEEKLY:
This candle took out Previous Week High (the previous candle), went into the Propulsion Orderblock (Blue Box), and filled a FVG with a nice rejection, closing below the FVG - which is a sign of Bearishness.
This candle's wick High is now an Intermediate Term High as it rebelanced the FVG, and that high should therefore be protected and for price to remain below.
DAILY:
Price is coming from multiple series of Bearish Orderblocks / Propulsion Blocks, proving that the Institutional Orderflow is Bearish.
Market Structure is Bearish.
95.000 Looks Interesting.
H4 TIMEFRAME:
(Look at the chart analysis)
Market Maker Sell Model may be unfolding (grey consolidation boxes).
All imbalances have been filled above current price, showing Bearish orderflow, and no reason to go higher.
According to Market Structure, price should remain below and respect its Protected High and go to it's structural Low (the low on the chart).
The FVG may act as a Breakaway Gap, because GBPUSD has filled that exact FVG on its chart (which also caused minor SMT Divergence).
Should price return into the FVG, I'd like to see price to respect it and NOT close above it. The FVG is also coupled with a Mitigation Block, so rejections in there is likely...
DXY (USD index) looks Bullish as well to support this bearish EU idea...
Also, feel free to check out my other analysis posts. Pretty much a 100% hit rate on the recent breakdowns.
RAD Q4 buying means 2023 Q2 selling for multiplesThis is chart analysis only, the business fundamentals feel distressed to me however this is a meme stock and it can easily run up
Buying today under $4.20 seems decent but i think there will be lower lows soon
Large Move to ComeOpen interest on Binance (yellow line above) has increased significantly since mid June, while open interest on CME (blue line above) has stagnated. An over-heating retail derivative market along with a weakening institutional derivative market often leads to price declines for bitcoin.
Liquidity issues continue and long-term holders are still selling in losses. With the U.S. Dollar Index at all time high, the rising opportunity costs lower the chance of entering a cyclical bull market. Furthermore, bitcoin has retested the 17-18k support from June many times now. Without signs of strength, the more times this level gets tested, the more likely it’s going to break.
Nordstrom JWN - A Latent ScalpI hear that the economy is pretty bad right now. So bad that we're in a recession, although the Government doesn't like the word "recession."
The real word to describe the situation humanity is facing that nobody is saying yet, however, is "Depression."
Here in North America, we aren't quite there yet, but no amount of money printing and astroturfing is capable of keeping the true state of the environment, the food supply, the water sources, and our energy reserves hidden for all that much longer.
So, they say that for a company like Nordstrom, it's surely "a strong sell." After all, the whole sector is going down the drain because even the middle-upper class is spending less, and that surely is true.
Yet, one doesn't have to back up the dump truck to buy and hold something for 6 years, either.
Nordstrom's post-dump price action has some unique characteristics. Mainly, that for the better part of two weeks, it's been completely bearish.
It also has not retested the $20 psychological level to find buyers, or rebalanced the dump's gap. That all on its own is peculiar in a market that just loves to flirt with gaps after making them, at least a little bit.
With price trading as low as $16.84 on Friday, a run to $21 yields a 22% trade. Ideally, if price action is to do the pseudo fakeout dump I am expecting when markets open on Tuesday:
SPX / ES - Bull Whips and Bear Saws
One can get in cheaper than $16.84, and then the risk/reward is all the sweeter.
I believe it's without a doubt that an exceptional shakeout is coming in the markets, a fundamental correction that will crack the pre-COVID highs and have everyone questioning what's going to happen with their happiness and their investments.
So JWN Nordstrom is not something you would want to hold. You want to drop it like a hot potato. But its current setup does provide what may be an imminent opportunity.
BTC Will Probably Stay Boring For A While Before Retracement.As we have finally showing solid signs of bottoming, i would say that we have entered a wyckoff accumulation pattern at the lows. We've done something similar in 2015 and even in 2018, but it is looking more like '15. We are talking about completed crashing structure here, and not that we are just going to a new bull market here, at least not for BTC. With the Altcoins there could very well be a different story here, what i've already presented in a previous idea. Retracements usually reach to at least 0.5 / 0.618 fib. level., something what BTC still hasn't done yet. This always happens at some point. Best case scenario we could see prices to reach .702, even .786 (78.6% of the initial fall) which sits at 55k area, before turning back down again. This would trap a LOT of retail investors in, and this is something markets love to do.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
GBPUSD Power of Fibonacci MatrixVWe have multiple fibonacci consolidations. Take the high and the low of a swing and use the fibonacci. Take the next swing and do the same.
When there are zones, which cross over this is a confirmation.
We also have triangle pattern with multiple trendtouches.
At the end of the triangle pattern it crosses the 1.618 golden fib zone, this is your entry
GG Ez MatrixV
Retail leader $DG with tight baseDollar General is a huge discount retailer that plans to get even bigger.
After a nasty island reversal in May, NYSE:DG has recover very well. This tight action in price has caught my eye and today is making an inside bar with pivot buy at $256.10.
You can even say that is forming a cup & handle.
The bad thing is that it publishes earnings next week so, expect volatility. But, as the I like this base, I'll buy half a position and wait confirmation with a breakout above $262.50.
NASDAQ:DLTR is another retail leader that is making the same pattern.
Higher highs expectedI think nasdaq will go higher judging by the current price action. Big liquidity is resting above the marked highs and Smart Money should wipe it out. Expecting volatility tomorrow as NFP is approaching so trade carefully. Expect August to be choppy so I will limit my trading for this month.
God bless!
CADJPY Trade Idea
Monthly Timeframe:
Price has been in a long-term Bullish Uptrend. "The trend is your friend" (with the correct narrative).
We are moving towards equal highs (Liquidity), which I expect price to reach to. "To them and through them" ;) Looking at the current Monthly candlestick, we are likely to take out the Previous Month's High as well...
Weekly Timeframe:
We just formed a Swing Low (3 Bar swing). This indicates that we can anticipate the next Weekly Candle to be BULLISH, giving us a Bullish view for the upcoming week.
Also notice that the swing low was formed on a Daily Bullish OB, confirming that area to be valid - and that OB should then be pushing us higher from where price is currently at.
Price just broke a Swing High to the upside (MS / Market Shift). The Swing High is a Bearish pattern that FAILED. This tells us that Buyers are in control. A Bullish Market Shift gives us Short-Term Bullish Bias.
(Also notice how price was creating Doji candles, however, they all closed Bullish and failed to close Bearish - giving us yet another clue that price TRIED to go lower but couldn't because the Orderflow is too strong to the upside).
Daily Timeframe:
We can see that Bearish (Premium) PD Arrays are failing, and Bullish (Discount) PD Arrays are being respected. This tells us that the Orderflow is BULLISH...
Looking on the left, price impulsively broke through the previous high creating a bullish Break in Market Structure (BMS). As it did that, we can expect the High of the Impulse to be reached, as price should remain Above the Protected Low.
Looking at current price, we just broke above a Bearish Candle. This Bearish should act as an Orderblock and we should see price remain above it and be respected. We also have a Bullish Breaker supporting it from the left.
H4 Timeframe:
I'm currently interested in seeing Longs from this Orderblock, as my overall bias for the week is Bullish. The Orderblock is nice because it grabbed liquidity before immediately running higher creating the FVG above it, as well as it's lining up with the bias and order flow.
I'm expecting price to sweep this level at least 30 pips (take Liquidity of the resting Retail-Orders).
The BPR (Balanced Price Range) is NOT a Fair Value Gap as the area has been balanced, which should Not cause any moves lower.
If this triggers between Monday-Wednesday it's most ideal, as these days tend to make the Low of the Week and have the highest volatility.
However, there are some criteria I need for this to be a valid trade though...
Firstly which day it triggers entry, what time of day it triggers entry, No News at entry, or if it goes up to BSL before coming back down then I won't take it.
I'll be monitoring price closely to decide if I'll take the trade or not... It's your job to do the same if you decide to take the trade, and ONLY take the trade if you agree with my analysis!
(And if it doesn't trigger my entry and rallies higher instead, I'll look for new entries with the SAME BIAS in mind. So should it not trigger, or if the setup fails, my Bias remains the same for new entries as I expect higher prices).
7/17/22 TJXTJX Companies, Inc. (The) ( NYSE:TJX )
Sector: Retail Trade (Apparel/Footwear Retail)
Market Capitalization: $70.954B
Current Price: $60.56
Breakout price: $63.00
Buy Zone (Top/Bottom Range): $59.80-$55.50
Price Target: $64.50-$65.40 (1st), $84.40-$85.20 (2nd)
Estimated Duration to Target: 39-42d (1st), 194-209d (2nd)
Contract of Interest: $TJX 8/19/22 62.5c, $TJX 1/20/23 62.5c, $4.80/contract
Trade price as of publish date: $1.66/contract, $4.80/contract
LULU inside weekInside week on LULU and also forming a triangle pattern. Top of the trendline and 50DMA are pretty close to each other. Most of the names had inside weeks last week and we have FED on Jul 27th. The only thing i am thinking about is if market moves past its range this coming week or the week after when FED makes an announcement but nonetheless these setups can be played either way.
If LULU breaks out, JUL 22 295C can work. There is a gap to fill 293.39 and then another gap 297.50 - 302.13 which can be targets
If it gets rejected from 50DMA or top trend line can try 280P for a trade down to the opposite side of triangle.
VSBLTY Groupe VSBGF Continues Growing$VSBGF recently took a dip, not only because of the broader "risk-off" environment and economic headwinds... recently announcing 16.7 million shares at a $0.30 offering with a warrant for additional purchase of common stock at $0.50 as well as private sale of 10 mil units for $3 million USD.
Market response was bearish, on the surface this is seemingly bad as shareholders are diluted... however, peeling back the layers reveals Jay (CEO) and team are continuing to land big partnerships and agreements in the retail space.
DYOR and you'll find tremendous building tailwinds and a company delivering against a bullish impermanent plan and a very bright future.
Their tech is innovative and a significant value add to the market. Don't lose sight of what they're doing and don't fall asleep as the delivery begins yielding more revenue and in short order, profits.
Third Time is a Charm: Chinese New Year: Yatsen Retail$YSG has been down only for its existence (i got fleeced badly in the first few post IPO months)
fundamentals vs share price are converging toward a point of must-buy
China and Chinese ADRs are always known to be massive risk - because many Chinese frauds are in the history book
IF this turns out not to be a fraud, Rather it turns out to be the NIO Motors of Retail MakeUp and lifestyle branding
THEN this becomes an easy 4 bagger and potentially a 20 bagger in the next few years.
COSTCostco is one i've been watching. The close before the long weekend was ideal if you entered short once again underneath this yellow trendline.
An overshoot to 508-510 is still possibly in play and that's where i'd be looking to start a longer dated short position or even sell out of the position if we get to that target.
Costco is a very strong company don't get it wrong. This is a stock i'd buy in my retirement account at nearly all support lvls below 480.