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BABA Found Bottom? Reversal Head and Shoulders Play to $210On the weekly chart, $BABA looks like it has found support at $155 and is forming a reverse head and shoulders pattern. I'm looking for one more touch of $155 or slightly lower, followed by a close above the $155 support to start adding a long position. A break above the downward resistance trendline would confirm a bullish break upward and $180 giving us our next big resistance. A close above $180 should send this back to $210.
NYSE:BABALong
by CharlestonTrader
ADAUSD A Look At Both OptionsImportant things to note: Everything looks great. Price movements have bullish structure and we are in the start of a bullish trend. This means we have likely seen the lowest low and the price will move upward. The double bottom we saw was denied. We will have a price decision. Watch for a break in the first resistance to our first significant price target. Set alert for 1.91 and the first resistance line if you want to be aware of all scenarios. Important dates: I will update this soon when I post about the summit. This will probably be my shortest post ever! So, I thought we would get our push from the double bottom, however it looks like ADA has other plans. There will be a price decision here soon. It will either break to the upside of the pattern I made, or to the downside. If it breaks to the upside, we will simply break the resistance and hit the target, if it breaks to the downside, we will likely see a bounce off of support followed by a resistance break and target hit. Nothing is different in the targets from last time. BTC gave us an important confirmation yesterday. Now we will see the bullish trend start to move. There really isn't too much to talk about right now. Everything is the same at the moment. If you are worried about the price movements, set an alert at resistance, support, and 1.91. Things are looking great! I will continue to watch ADA and update accordingly. Remember, try to relax, we are past the hard part at the moment. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
17
NDJPY. WHAT GOES UP WILL COME DOWN?It's quite easy to understand why i believe NJ will be bearish from (77.991) the zone it currently is at to (77.339) Price is currently at a valid resistance, and having the concept of Resistance in mind Area 77'991 is the only thing that will and can stop price from progressing upwards. If Resistance holds, we should expect Collective human thinking and response to take over If more sellers short their orders at that area, we will see price make a solid move to the downside. The FOREX MARKET is a volume moving market, he that has the most will do the most so just pray when you place that sell order, many other traders do the same.
Short
by Quam_Tha_Trader01
Market just indicated Huge Short SignalSP500 is obviously in Euphoria. But let me just tell you about one event. Normally when we are getting stimulus from the FED, money is flowing FROM the FED to the BANKS. And that has been happening for a long time now. BUT. There is always a but. There comes a time when the flow of money switches. It starts flowing OUT OF the banks, and INTO the Fed. And this is called - A Reverse Repo. And it is right at the peak right now. The markets will look like they are flowing, but it appears to be emptied compared to previously. The amount of institutional money pouring into the Reverse Repo tops 1 Trillion, highest of all time. Basically - the Market is not goin up much longer. And the REAL money - the real money is made in the Reverse Repo. (Check into it). I am SHORT from here on out, no matter how much it continues to artificially float. Too much, time to take profit and call it a day. www.reuters.com
AMEX:SPYShort
by Shwayze
4
Be careful when selling the GBPUSD! Last week we expected a downfall It's now completed and the direction remains the same. However price is near a daily support which could reverse the market! That's why be careful when entering new short positions and make sure to move stops on your previous ones. We expect price reaching 1,3670 and maybe even lower, however we do not recommend entering short positions at those levels. We will be watching out for a possible reversal throughout this week and we will keep you informed! 👍 Please support this idea with like and comment so we can help more people together. Thank you in advance! 🙏
by ForexTrendline
24