Shorttermlong
SHLO SupportI haven't changed anything since the last time I published this chart. I just want you to see.... SHLO is NOW creating a support at 1.30 on the daily chart. You can see on the 4H chart the EMA is starting to curve bullish. Right now would be a great time to get in again before the next pump up. This stock in particular moves a lot like auto makers aka Ford (F) which has also been falling the past few days. It still has room to rise though.
Use your eyes!This company failed to grow in the first quarter because the COVID19 pandemic prevented elective procedures and this has been very consistent. It has already exceeded the past lows. I got in at 0.99 and will ride this to around $3 but I understand this will take time. There might be a second wave or even another lull in the market but Medical seems to be one that continually profits without medical issues like outbreaks of diseases.
This may go to 2.12 in the next month or so.
What do you think?
Aussie bull incoming?Have some nice bullish engulfing at the previous resistance turned support zone, the price might/should go a lot higher
tp - 70.5
Wyckoff MethodDelta has been undervalued since they haven't been able to perform as per usual. It may be a while before they continue business as usual. They will be able to bounce back as one of the Domestic Airlines. I am more interested in Domestic since other countries may want to keep a hold on the spread of the Virus by preventing international flights.
Overall this is the BOTTOM considering they have been cutting flights by 95% this is literally their minimum capacity. There is only up from here. Not only that but a familiar pattern has risen to rear its head. Wyckoff method. If it is the Wyckoff method it will test that first line again by the end of next week.
Even if it doesn't I still think this is a good buy signal. Delta is in a great position to grow from here so long as there isn't a second wave of breakouts with the virus.
long AALWith the idea that we are seeing the light at the end of the tunnel. Many states are opening up even in phases. AAL will rise with the markets.
looks like it might even be able to reach $13 if not the end of this week then by the end of next week.
The only thing I can see slow down progress for airline stocks is another outbreak of the virus. They will also not be back in full capacity I understand that 100% In fact I have Airline workers that have said they will cut the capacity by %30 which may increase rates by 30%+
Buy EyesThis company has bottomed out. It is an elective procedure which is why it's be reduced drastically. The hospitals prevent profitable elective procedures during the crisis and now this will come back to normal levels or close to it. Of course still running at a much more reduced level it won't come back full force but we could see a large swing in the next few weeks.
DXY Intraday Move SpeculationI assume it will have some small retracement upward after being sell-off for some days. If that weekly s2 holds the price from falling further lower then price prolly may rise back up around the s1 which in line with our Fibonacci 61.80%. In a nutshell, retracement speculation for intraday.
SHORT TERM LONG, LONG TERM SHORTTECHNICAL/CHART ANALYSIS:
1. As seen by the orange triangles, USOIL is currently in a short term consolidation on the hourly chart.
2. On the daily chart it is just coming off of the RSI oversold level, and the MACD signal line is being crossed (both typically bullish indicators).
3. It seems to have found an intermediate support at around the 20/21 price level, which it has bounced from twice.
4. The MACD and RSI are both showing bullish divergence on the hourly chart as shown by the black lines.
5. Volume has been gradually decreasing over the last few days, showing signs that the aggressive selling is over for the near term.
6. First support/resistance level at around 28. If it breaks past this level, the next support/resistance will be around 33/34, which I don't think it will break through. Fibonacci retracement confirmed both of these support and resistance levels, as shown on the chart.
FUNDAMENTAL ANALYSIS:
Fundamentally, USOIL does not have a good case for two primary reasons:
1. Global shutdown due to the corona virus, leading to a significant decrease in demand for energy commodities such as USOIL from both businesses and consumers.
2. After the corona virus was clearly making a negative impact on global oil demand, the world's largest oil exporting nations (OPEC) met to discuss cutting production levels to help prop-up oil prices (decrease supply to increase prices). Russia was defiant to cutting their production any further as other nations, such as Saudi Arabia, pushed them to do. OPEC ended their talks with no agreement. And not only did they not agree on further production cuts, they disbanded the previous production cut agreements, leading to a significant increase in supply as all oil producing nations became free to pump as much oil as humanly possible, thus increasing the supply by millions of barrels a day. Some speculate that Russia left the bargaining table at OPEC intentionally, as they have the lowest break-even price per barrel compared to any other nation. They also have been building up their cash reserves over the last few years. Saudi Arabia and the US have much higher break-even prices, so the price war may be an attempt to bankrupt Saudi and US oil companies. The reason I mention this is to point out the fact that Russia has shown no signs of changing their minds, stating previously that they would be able to withstand oil prices this low for years. If this is correct, don't expect any significant trend reversals any time soon, oil can still go a lot lower if OPEC doesn't come to a deal.
***NOTE*** No, I don't expect the price line to follow my lines exactly. I don't have a crystal ball, but the point is SHORT TERM LONG, LONG TERM SHORT.
PLEASE MAKE SURE TO LIKE AND FOLLOW FOR MORE.
ZEEL giving breakoutZEEL has given break out from downtrend as it has already started forming Higher lows and Higher highs.
Breakout is also supported by huge volume spike, and it has important resistance at range of 380-400 levels.
It might retrace from the resistance levels for good entry opportunities.
Bitcoin: Short Term Trade IdeaBitcoin: Short Term Trade Idea
Hi everyone,
Today I'm sharing a Long idea for Bitcoin with you.He's my reasoning:
* BTC is moving inside a falling wedge (bullish pattern)
* BTC is approaching an old resistance zone, this time it may act as support
* The 61.8% Fibonacci retracement level is also inside this zone
* The target is the liquidity zone between ~9100 and 9400
* Stop under the old resistance zone
Long ~8500
Tp1 9100
TP2 9200
SL 8270
This trade is about 3R which is good .
I'm not particularly bullish on Bitcoin, but this is a quite good setup.
Tell me what you think!
AUDCAD long setupOn H4 the pair retraced to the 61.8 fib level which, to most people exemplifies a breakout. Most times this is wrong as the market makers will pullback to this area (where a lot of folks put their pendings for breakout trades), grab all the liquidity that's sitting there, and then pull away in the opposite direction which is the intended trend. Sometimes they will even stretch it out an additional 10-20 pips to get your hopes up only to take it all away from everyone. If this happens to you, close your trade and go the other way along with them. Set your TP every 65 pips all the way up to .9085 area at which time we should see signs of a slight pullback for more liquidity. Let me know of your thoughts and ideas and analysis below. We're all in this together, let's make some money together, cheers!
Cypher Pattern on Eur/Cad + Bullish divergenceHello Traders,
Today I will share with you my idea about EUR/CAD.
First of all, check an eye on Crude Oil because we see the drones attack Saudi Arabia Oil's output and be prepared for the next move of Crude because Crude =CAD.
Second, we see a cypher pattern on the Daily chart and a bullish divergence, we can expect an up move and after that a nice correction on psychological level 1.5
Watch my second analysis on the H4 chart for a good buy entry.
Have a great day and don't forget, It's just my vision, make your own actions!
AUDUSD LongSetting up buy stop order just few pips above this week's high near 0.68 (would prefer buy limit near 0.67 instead, but since AU's seasonality for this month is generally bearish, I don't wanna risk a huge drawdown up to 0.60).
Weekly:
Confidence: C (this idea is against this month's seasonality bias and DXY going up to 100 if ever; also uncertain risks regarding China; this just serves as hedge to some high risk trades - shorting BTCUSD & USDZAR)
S&P500 about to make a jump to 2905 Bollinger bands narrowed down for a steep move on S&P 500. Target of this move will be the resistance of decreasing triangle which is around 2905's.
MACD blue line is also started to turn upwards for a long sign.
Monero to bounce back to 90sThis bounce will follow Bitcoin’s bounce. Please refer to the attached idea for more details and invalidation criteria
GBPUSDSo I've analysed GBPUSD as you can see above. It's only been 45 days I entered this world of Forex Trading so I am using what knowledge I've gained so far. Im not trading on a live account right now and I will be trading according to my analysis on my demo account and that's how I think will happen if we break triangle.
Waiting on that triangle to break then i will update ya all!
Gold - Short-term ReboundThe gold has wiped out all gains within this week.
If the tone was set in a bullish manner in the beginning, the downward movement from the peak will attract many late buyers.
However, the price makes new low again and again, causing many late buyers to be trapped.
Now that the price has retraced back to this week's opening price, it is very likely that most late buyers have stopped out
There will still be some stubborn ones who hold firmly to their view but another strong movement downward could probably force them out in the end.
And that's exactly where a strong rebound will occur, taking away all profits on the table and trapped sellers who finally believe that the uptrend has reversed and entered at the low prices.
Then again, if 1320 does not hold, the price may drop all the way to 1314.
Waiting for 5% upWe are still in the middle of a bigger correction meaning that downside is expected but currently there is a small buy signal on H1 and H4.
Wait for confirmation before entering. Take profit as the long term outlook is returning to 3k or lower.
SHORT TERM TRADE. eur/usd long!!1long usd against euro. Trade setup ready. Sl 1.13, tp 1.15. Based on EWA. enjoy your ride:)
POLY/BTC Short term tradePretty simple setup, going to be going long near the Kijun support with a target at the Tenkan resistance.
Buy: 10900-10500 sat
Target 1: 11400 sat
Target 2: 12080 sat
Target 3: Open
Stop-Loss: 10300 sat
Short Term Longs to Short Weekly Supply Long TermSo I'm looking for short term longs on the 4HR chart. I see two possible plays in price action (red and blue arrows). In both cases, I'll look to take longs if price reaches my zones (orange lines). Out of the first zone, I'll target target about 75 pips and then move SL to breakeven. The 2nd, I'll look for about 125 pips and then move SL to breakeven.
The long term play here is to long into a weekly supply zone and then short for a long term short hold. We'll see how price plays out in regards to this possibility
Weekly
Daily
4HR
