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TECHNOLOGY SECTOR IS GETTING HIT AND APPLE HAS FURTHER DOWNSIDE!It was about time to see some correction to one of the most profitable sector since 2016 and technology sector is already started a correction. When it is going to stop we will see,but for sure not yet. Google just got a record fine of 2,7$ billions from EU,Apple dissapoints with recent sales on I-phone and innovation and technology sector down it goes after recent selloff. TECHNICAL POINTS 1.As we can see at the chart the rising triangle broke downwards once again,if we project the AB side the day when the triangle broke we can see that price action followed exactly the technical analysis rules and hit the targets at previous support.Rsi divergence could help us predict also that the rising triangle would broke downwards. 2.We can also notice the second rising triangle DEF that is created and the possibles targets long and short based on the projection of the ED side. 3.We can also see that short target is coincides with the 61.8% Fibonacci retracement of the ascending leg after the gap breakout. 4.Price action tends to fill the gaps 70% and more some times depending on the asset so it's a quite possible short price target area. POSSIBLE TRADES LONG TRADE(GREEN COLOUR): TARGET T1 AT 155.50$ PROJECTION OF ED SIDE AND PREVIOUS HIGHS STOP LOSS AT 142$ 50% FIB RETRACEMENT SHORT TRADE(RED COLOUR): TARGET T2 AT 138$ ED SIDE PROJECTION BUY STOP AT 148,50$ ABOVE TRIAGLE'S HIGHS THNAKS FOR SUPPORT HAPPY PROFITS!
NASDAQ:AAPL
by The_Greek_Trader
NEM/XEM ARISE!!!After forming a double top pattern, the inevitable fall came and XEM / NEM was forgotten by many, being the fourth most important coin in the ranking of the crypto market. Following Bulkowski's theory about the Adam & Adam double top pattern, where levels A, B and C are marked, and then take a change in the trend towards a bull market. coinmarketcap.com We will have to get around the kumo and not get into it, to achieve the target price. As one of my 3 favorite coins and thanks to her having done in February of this year the best trade so far, I hope we continue to give us great joys. As always, greetings to all and thank the followers for the feedback, likes and good vibes. Stay strong, keep bullish! Thank you
Long
by AndresThomasShirakawa
$BABA breakout lookout-higher time frame shows defined uptrend and significant trend strength -intermediate time frame shows strong uptrend with rising moving averages with price reaching resistance area of 125.5x area -looking to price to test demand line and pullback to 125.56-.57 area which is the .236 retracement level on the shorter timeframe and demand line area -rsi and obv aligned with price action -will also be watching for a trendline break to the 125.0x area on the intermediate time frame which is the .382 retracement level on the shortertime frame -if trendline is broken- it will signal trend weakening after third test and breakdown of the trendline and be cautious in initiating a position -looking to retest test the resistance area of 125.5x on the fourth retest and breakout to first profit target at 126.51 (.618 extension level)
NYSE:BABALong
by inco1
$ibn swing trade idea-long term trend- rising moving averages with strong trend -intermediate trend in positive with relative strength increasing with room to run -intermediate moving average is slightly weakening pulling back into .38 retracement level and where dynamic support is found -volume by price is showing there is volume in this area supporting evidence that shows possible strong support at 9.66 area -looking for retest of 9.66 area for entry for swing move to target 9.89 resistance..take partial profits and re-enter trade on breakout -will not enter if it goes below 9.62
NYSE:IBNLong
by inco1
DIS - Upward channel or Rising wedge breakdown short from $108.5DIS was going higher within an upward channel or rising wedge formation. It seems broken down the pattern, retested the broken support and getting ready to rollover. It would be a good short, If it breaks below 50 day MA, and for trade we would consider $110 May-17 Puts * Trade Criteria * Date First Found- February 23, 2017 Pattern/Why- Upward channel or Rising wedge breakdown Entry Target Criteria- Break of $108.50 and MA-50 Option - $110 May-17 Puts Exit Target Criteria- $104.13 & lower Stop Loss Criteria- $111.07 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:DISShort
by AcornWealthCorp
GBPUSD: Rising Wedge Setup! Good short!Hey guys! Found a Rising Wedge Pattern right here on the GBPUSD Daily chart! Soon to be completed! Watch for the breakout! What influenced my decision: -Falling volume A rising wedge should always have falling volume, this shows that there are a decreasing number of buyers, which gives conviction that the pattern will fall. -Really Strong Downtrend (both of Daily and Weekly timeframes) This implies that the pattern would be more reliable because of the strong downtrend. -Less than 50% Fib Level Most times, the rising wedge is kind of a retracement on the higher timeframe, so if the rising wedge is lesser than the 50% Fib Level, this gives a stronger signal that the wedge/retracement is likely to fall! - Narrow trend lines In Thomas Bulkowski's Getting Started to Chart Patterns, it was discovered that narrow trend lines performed better than steeper trendlines. Basically this means that trend lines with 30 - 45 degrees will perform better than those above 60 degrees. -Good Amount of Trend line Touches Again, Thomas Bulkowski (this guy is a genius, read his books guys!) found out that the more times that price touches the trend lines (at least 3 touches), the breakout will perform better as it means that the breakout is more SIGNIFICANT. Confluence Score: 5 points Good luck guys! May the pips be with you! Do note that not ALL of my trades will be correct 100% of the time! I only provide what I see and what I feel as a trader! Trade my views at your own risk! :)
Short
by GenesisCTY