FNGU- Technology Titans CounterTrend LONG on ReversalFNGU on the 4H chart is in a trend down within a parallel channel. The previous trend down
from the top of the channel to the bottom was 29% while the counter counter-trend up from
the bottom of channel to the top was 18% over 7 days. Presenly the trend down from the
upper channel is confirmed by the two RS lines near to the 50 level and the Awesome Oscillator
with a down going signal. Trade plan - I will trade FNGU short ( or FNGD long ) until it is at
the bottom of the channel. Upon reaching it and mindful of a fake breakdown. I will watch for
reversal signs on a lower TF and upon finding them in the MACD or Bollinger Bands or VWAP
bands I will close the trade and so long instead.
Shortthenlong
$ETH H&S Pattern Consolidating in Bullish Symmetrical TriangleETH Head & Shoulders Pattern forming on the weekly (also visible on daily). However, price action is consolidating inside a bullish symmetrical triangle.
Likely Outcomes:
First - SHORT then LONG.
"If" daily prices closes below neckline at 2,500, volume shelf is weak below and price will likely to go down to next ATR Fib level at 1,850.
"If" price bounces off neckline @ 2,500 AND breaks through upper triangle boundary on the daily, the H&S is invalidated and we're likely to retest ATH or at least bounce to 4,130 (highest ATR Fib level).
Time Horizon:
Move expected to pan out in 3-months or less based on the consolidation pattern.
USDCAD Down then UPthere is a Daily high that is raid but price did not close above it so we need a deeper retrace to get power for up move. on the other hand there is a 4H level that been raid and closed below that. so the movement is Down then UP.
Stop loss is 10 Pip above the high. if you can manage your money well so can use 1.2730 for stoploss
USDJPY Short Im expecting a correction downwards next week . Might sell this if it spikes up for like 10 to 15 pip .
Since last week was pretty volatile for all jpy pairs , im assuming next week will most likely be a a slow one for jpy pairs.
I do not provide personal investment advice and all the information found here should not be contrued as personal investment advice.
BTCUSD Short Until It Rockets Back UpSimple Analysis, Callled it out it was going to short from 47,400 area then I am forecasting it will rocket up in a long position from 41,225 area. Beautiful head and shoulders pattern on the 4H TF. Stay in that traders mentality mind set. Like, comment, follow. Thank You!
AUDUSD 1,2,3SIMPLE 1.2.3
If this plays out then we will see this possibly come into form REMEMBER LEVELS DO NOT HAVE TO HIT EXACTLY SO PROPER RISK MANAGEMENT IS KEY
On the topside, traders seem to be respecting the old trendline that connected highs from November 27 and December 3, then became a support on December 14. Today, in the Asian session, the price traded above and below the trendline before falling to the session lows. The rebound is so far staying below that line currently at 0.75415. A move above should be more bullish lease intraday.
Like a number of pairs, the low to high trading range for the AUDUSD is only 39 pips today. The 22 day average (around a month of trading) is 58. So there is room to extend should there be a break. The bias would be to wait OR sell the pair to a stronger level of support then to take it longer to higher levels listed above
[XBTUSD] BTC 6800-7000 $, Get readyHello,
This is a follow up on my last post. Targets are being touched and my prediction is coming to fruition. For now BTC is going down, to between 6800 and 7000$ mark. then moving up to old highs.
Good luck!
This is to financial advise. Use it to confirm your move.
Looking At New Bottom For Minute Wave 4Based on today's movement, the diversion in the moving average I track confirm the index still has room to drop. Good news has the bottom tomorrow. Bad news, the bottom is still one day away. I will update my article on the top of minute wave 5 once 4 ends.
Bottom appears to be between 2868 and 2876. Not far, but will be quick.
Stay tuned for more!
XRPBTC: Cup and handle pattern
Based on other ideas here on TV, I've tried to determine targets to buy XRP back.
Seems a cup and handle pattern is forming.
I think confirmation of this (price going down and forming a c&h pattern) can be found when price drops below 6000sats. Price is now gently sliding down alongside the previous resistance line, now seems to act as support.
First buy zone is between .236 and .382 Fib.
Second buy zone is between .5 and .618 Fib (don't know yet if I have the balls to buy (only) here ;) )
As always: no financial advice. Just my idea I'm sharing here. I'm not a pro. If any, I'm a newby at this :)
Intel Set To Lead Intermediate Bears DownAlthough, harder to identify at first, Intel Corporation is in the process of Grand Supercycle Wave 3. The stock has most likely met a near-term top or will do so no later than tomorrow, January 23. Our short-term target is 40.50 by the end of February. Our Intermediate target is 30.00 by June of 2019. Once the stock reverses up from this 30 mark, the stock should fly high for a while. Finally, the long-term target is 78.00 well out in to the future (2022-2024). As always, the rest of the stats will be up shortly on our site.
Pending Bullish Head And Shoulders For QCOMI see this movement potentially setting up. I plan to write on this in a few more days after the stock moves up a little further.
The initial play will be to the downside. The stochastic is overbought and RSI is nearing that area. A drop is coming, but I am anticipating the stock to rise long-term.
Bearish over next month.
Bullish after that