Boeing Seller Exhaustion sets in🐂 Trade Idea: Long - BA
🔥 Account Risk: 15.00%
📈 Recommended Product: Stock
🔍 Entry: +/- 149.00
🐿 DCA: No
😫 Stop-Loss: 135.00
🎯 Take-Profit #1: 260.00 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
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BA sees massive seller exhaustion over the last few weeks. There is nothing negative that could be published now that has not already been priced in. Trump's policy of higher tariffs should protect Boeing and the backlog is already at over 10 years of current sales. In view of the duopoly and the points mentioned above, as well as the technical chart picture, strong buying should be made here.
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Sellerexhaustion
EURUSD: Bullish Gartley on the MonthlyThis is an update to the Monthly Bullish Gartley setup that's in the Related Ideas Tab Below.
I entered at the 786/1.414 confluence area but my tight stop was triggered. As i explained in the original setup, I was worried that the 1.414/.786 confluence area would break and that the 1.618/.886 confluence area would be the more optimal entry, as a result i had a tight stop so that i'd make more sense to go in with size at the 1.618/.886 area and now that we are here I will be entering again with bigger size and a wider stoploss.
I think we should see some upside leading to the End of the Season.
Entering Buy ZoneETH is retesting support of the previously broken resistance line, as well as support at the 200 EMA. Selling momentum is exhausted and ETH is entering what I consider my Buy Zone. Bullish divergence on the 4hr chart leads me to think we will get a soft bounce, but we'll quickly see resistance from the 100 EMA and the support-turned-resistance line. I'm interested in averaging in here, but not quite ready to go in with a heavy position.
Let's have an amazing 2022!
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These are my personal views and not financial advice. Please do your own research before investing.
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$V Sellers ExhaustionThis week bulls need to defend the AVWAP level at 222.47
Sellers may be exhausted here and a reversal is implied looking at historic similar volume and price action. However, break below could see 215/210 zone as next level of strong support. Would be backing up the truck and loading longs if we get a chance that low.
BTCUSD: Daily MACD Signalling Seller Exhaustion at $8,500As can be seen by the Moving Average Convergence Divergence (MACD), bears have begun signalling exhaustion on the Daily time-frame at current prices, though not yet confirmed with a closing candle. This colorful extrapolations is based on the most recent times the MACD's histogram went below -175 while trading the bear & bull exhaustion cycles, as opposed to the bull and bear crosses with the signal line as the MACD is traditionally used for.
The concern is decreasing bullish momentum of each rally (when sellers become exhausted >-175) with the lower highs on the buyer's end of the histogram, as well as other short-term bearish factors. None the less in each occurrence in the past 9 months bear exhaustion has signaled good entries for profitable trades or otherwise break-even trades at worst (such as the yellow and blue recent seller exhaustion).
In the background, the 0.5 fib retracements of the $3.2K to $14K as well as $6.4K-$10.5K move line up around $8.5K at current prices. The RSI is otherwise bearish with room to move to oversold conditions, as referenced below. It's time to BTFD again.
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