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AMZN looking perfect from a technical perspectiveToday we will talk about the AMZN setup we have currently pending. Most of the time, we never have more than three setups executed at the same time. One of those is Amazon; after the breakout of the massive range, we observed a Flag Pattern on the edge of it, which is a sequence that has been repeated with different variations across the history of the asset. Why is this relevant? Because our primary approach when executing any setup is: "Can I demonstrate that what I'm trying to trade right now have been proven to have a statistical advantage on the past? If the answer Is yes, we proceed. Based on our research, this setup represents a pattern with an excellent statistical edge overall. Does it mean that the following setup will be a profitable one? Nobody knows; it's impossible to determine which "game" or "sequence" of the system will be a take profit or a stop loss. However, we know that after 15 or 30 setups with this quality, we can create a statistical advantage, or in other words, "Profits." Returning to the chart, the strategy we are using here is pretty simple. We will execute our setup above "B," or the inner local resistance of the flag pattern. Stop loss will be below the structure. Take Profit will be on the fibo extension of the previous impulse ( MAR 2020 - SEP 2020) Risk: We will be taking a maximum loss of 1.5% of our trading capital. A movement like this can take between 100 to 150 days. (Be patient) Thanks for reading!
NASDAQ:AMZNLong
by ThinkingAntsOk
3
Perfect Risk to Reward trade for SPXDespite the fact that the S&P is still largely bullish and a lot of data point to the upside, the truth is that currently the SPX has broken a very key trend that was tested many many times. It hasn't had a 10% correction since September 2020, while it has gone up 42% since its September 2020 low and 109% since its March 2020 lows. The truth is that it could keep going and I think it will go higher medium to long term, but I just feel that it will go to test 3900-4000 before going even more parabolic. Up until now most were going long on this very obvious trend. Too many perfect bounces on the Monthly Pivots + Diagonal + 50 DMA. Now all these are lost and they could turn into resistance after being support for so long. Of course the really long term trend is bullish and this might just be a trap. A trap to make everyone think the big trend is broken, only to send it higher. Essentially even if we don't win this trade, the R/R is very attractive. It is 5:1 and I think this trade has at least a 30-35% chance of winning. So if we consider the odds of this trade being a winner and the R/R we can clearly see that his trade is worth it.
FX:SPX500Short
by BitcoinMacro
1
Volatility Near Lows for StocksAfter plummeting in the second worst day ever (by some sources), the S&P 500 is attempting to stabilize. We appear to have bottomed out at 4306, and attempted a 100 point swing to 4408. We are seeing a great deal of volatility in between as stocks jostle to establish value. Currently, we are meeting some resistance at the 0.382 Fibonacci retracement level which does seem to align with some technical levels on the chart. Thus, we can expect steep resistance here. Watch the open, because it will take significant momentum to break through these. The Kovach OBV is still bearish despite the rally from yesterday, likely filtering out the 'noise' in the volatility. We should expect support from 4348, but if that does not hold, 4306 seems to be the min lower bound for now.
FX:SPX500
by quantguy
1
The setup on NFLX is 100% ready. Full Explanation.In a previous post, we explained that we were waiting for a retest to develop setups after the breakout of the current range. You can check all the processes on related ideas. Now the situation is ready. How will we proceed from here? The setup execution is pretty straightforward; we will open bullish setups on a new ATH and define our stop loss below the current correction. We don't know yet how deep the correction will be, but we will keep moving the stop loss until we think this is no longer a correction but an evident bearish impulse. The target we will be using at the moment is the Fibo Extensions of the whole range that was broken. Final Target: 772 The Risk rewards ratio we can expect on a setup like this is about 2 (however most of the cases in the past, the price goes far beyond that) It's important to say that this setup after the breakout of a range on an ATH we have tested since the beginning of the NFLX chart, and our conclusions showed us that is a profitable pattern to trade. Why are we saying this? Because we have seen that sometimes the price executes the order, then goes directly to the stop loss, and the next movement is the beginning of the impulse. Based on that, we are willing to trade the same situation two consecutive times if the first pattern fails. We will be risking 1.5% of our capital on this setup. The expected duration of the movement can go between 150 days to 250 days. (Patience patience, my friend) Thanks for reading! Please share your thoughts or idea in the comments relative to NFLX.
NASDAQ:NFLXLong
by ThinkingAntsOk
3
V-Shaped Recovery for Stocks??After their meltdown yesterday (second worst in history by some sources), stocks have pared back losses, retracing just above the 50% Fibonacci retracement level of the entire move. Indeed, we appear to be seeing the typical 'V-shaped recovery'. We will see if further developments in the Evergrande saga can sustain current levels or if we will have another selloff. It looks like 4408 is providing resistance, confirmed by a red triangle on the KRI indicator. The Kovach OBV is rounding upwards, but not quite proportional to the recovery rally so we could see further resistance here. Watch for conviction at open to determine if we will continue to retrace this selloff, or if selling will continue. We could also establish value at current levels as the markets digest more news.
FX:SPX500
by quantguy
For The AMC APEsJust charting supports and resistances that i see. I think if we dip below here we goto 36 briefly then 32ish before hopefully getting a healthy bounce. The entire market is red today, obviously we would get hit too. Crypto is down, stocks are down, and silver is way down. So just take the dips as opportunities when they present themselves to DCA . Upside targets are still there, i see many up trend supports and a flag, and channel all with healthy price movement. Good luck out there.
CAPITALCOM:AMCLong
by AlgoApe
Compression on IBKR. What to expect in both directionsToday, we will take a look at Interactive Brokers Group. a) The main thing we can see on the chart is that the price is getting compressed between an ascending and a descending trendline. b) Let's take a look at the Weekly Context c) When a situation like this is happening, it is not a good idea to develop setups if we are inside this compression, at least for traders that look for trends to profit. d) So, the main idea here is to wait for either a bearish or a bullish breakout before taking action. e) For both scenarios, the idea is waiting for an ABC pattern or similar structure f) If that happens, we will confirm both views with the price reaching the green or red horizontal line. above/below "B" g) Targets are defined on the chart. The main conclusion here is: Avoid compressions. Wait for the breakout first and for the consecutive correction before developing setups. Thanks for reading!
NASDAQ:IBKR
by ThinkingAntsOk
1
Volatility in StocksVolatility has permeated stocks, but it does appear that 4440 is a bottom for now. We have attempted a 50% Fibonacci retracement of the selloff from highs, falling just short at resistance at 4487. We appear to be attempting to establish value in this broad range, and are currently testing support at 4464. The Kovach OBV is somewhat oscillatory, but appears to have bottomed out for now. The 50% Fibonacci level at 4492 will provide resistance, but after that, the next major level is 4505.
FX:SPX500
by quantguy
Stocks Get a LiftStocks have caught a bit of a lift from lower levels. We have reached as low as 4440, before catching a bit of a lift that brought us back almost to a 50% Fibonacci retracement of the entire bear move. We finally met resistance at 4487. The Kovach OBV has picked up notably, but has since slumped over. Be careful about this move, it could just be a relief rally into an overall bear trend. After all, September is a notoriously slow month and we still have some news events that could be of concern. If we continue to see momentum, 4505 would be a great target, as it is the 0.618 Fibonacci level and the first major level of the 4500 handle.
FX:SPX500
by quantguy
Trade Idea on PLTR. What we are expecting before taking action.Today, we will look at a possible setup we may take on PLTR if everything goes as expected. a) At the moment, the price is making contact with a relevant resistance level. That's why we want to see a breakout attempt before taking action b) Whats are we waiting for? We want to see a correction with similar proportions to the oval you can see on the chart. Why? Because it is a similar size to a pattern that has already happened in the past. c) If that happens, the trading scenario is simple to understand. We will execute setups above the oval. Stop loss below the oval. Break-Even level on the line that says "protect your setup." Final target at the end of the 2nd green arrow (42.50) d) What about risk? We will risk 1% of our trading capital in a scenario like this. That means that if the setup is executed and then the price goes straight to the stop loss, we will close our position with a -100USD (assuming we have a 10.000USD account) e) The expected time for a movement like this in case the corrective pattern happens as expected is between 20 to 30 days Thanks for reading!
NYSE:PLTR
by ThinkingAntsOk
2
Bristol-Myers Squibb Set To Rise, ButLooks like a little more downside is possible through remainder of month, but BMY is primed for a very strong October if the algorithms are correct and history continues to be accurate. Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 15, 2021 with a closing price of 62.0. If this instance is successful, that means the stock should rise to at least 62.9 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.9935% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 6.5875% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 10.224499999999999% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 6.5 trading bars; half occur within 19.0 trading bars, and one-quarter require at least 31.0 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:BMYLong
by StockSignaler
1
Stocks Slump Even After CPIStocks have opened the week by continuing a steady decline. To an extent, this is to be expected, because September is typically a slow month in the stock market. However, the CPI miss yesterday should suggest that we are to see the Fed walk back statements about tapering, which should be good for our portfolios. Due to this, we expected more of a risk on day yesterday. But a series of downgrades sent us to lower prices. We are finding support at 4440, and there is a cluster of levels below, down to 4421. If we do catch a lift, there is a vacuum zone to 4487. The Kovach OBV is quite bearish, but may have bottomed out, suggesting that we might see some life in stocks this morning at open.
FX:SPX500Long
by quantguy
NYSE: $AMC Looks Mega-Bearish 🐻 & Could Retrace Back To $17AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of March 12, 2021, it operated approximately 1000 theatres and 10,700 screens in the United States and internationally. The company was founded in 1920 and is headquartered in Leawood, Kansas. Corporate Governance AMC Entertainment Holdings, Inc.’s ISS Governance QualityScore as of July 1, 2021 is 10. The pillar scores are Audit: 4; Board: 10; Shareholder Rights: 6; Compensation: 10.
NYSE:AMCShort
by Bullishcharts
20
The Flag Pattern is 100% ready on MDLZ Today, we will speak about Mondelez International. Let's check what we can see on the chart: a) The major structure is an ascending channel, where the price is about to make content with. There we expect a bullish reaction b) Currently, we can observe a flat pattern that is 100% ready. From a technical perspective, flat patterns are continuation structures which means that after the confirmation breakout, we tend to observe movements in the same direction as the previous impulse. c) Based on this context, we have defined an activation level (green horizontal line). The idea here is: IF the price reaches the activation level, we will expect a bullish movement towards the Fibo Targets. The maximum target is the higher trendline of the expanding channel d) If the price keeps falling and breaks the ascending channel, we will cancel our view. Also, if the price reaches the activation level, we will define an invalidation level below the flag pattern. e) The expected duration of the bullish movement is between 150 and 200 days f) Another important element is the confluence between the ascending channel and the support/resistance level where we expect the Flag Pattern to be finished and not surpass that area (otherwise, we will consider that the pattern has failed) Thanks for reading!
NASDAQ:MDLZ
by ThinkingAntsOk
1
Malaise Setting In for Stocks??Stocks are finding support at 4462, after some volatility. It does look like we are stabilizing about this level for the moment, after making a run for support at 4440. September is usually a month of malaise for stocks, but we will see if we can get one more burst of risk on in beforehand. If so, we could test 4487 or 4504. The Kovach OBV is pretty bearish at this point, which may be a sign that we are oversold and due for a relief rally, even if it is just a brief respite. We still have a way to go before all time highs, and must cross 4521 and 4545 first.
FX:SPX500Long
by quantguy
Momentum Due for Stocks?? 📈Stocks tumbled Friday, taking us to lower levels of support. We have identified these in the last report and we have tested these levels to the tick. In particular, we saw support at 4487, before testing 4462 which appears to be holding for now, confirmed by a green triangle on the KRI. We are testing 4487 from below again, but will need momentum to pierce through it. We are anticipating another wave of risk on to come through stocks this week, so watch for the S&P to gain some traction and test higher levels including 4487, 4505 and 4521. We have a way to go before considering new all time highs, but 4564 is the next target after this.
FX:SPX500Long
by quantguy
The Big Picture on NVDAToday, we will speak about NVDA On this chart starting on March 2020, these are the elements we can see: a) The price was inside an ascending channel (let's call it number 1) and also has broken that structure. Currently, we can see the price supported on that dynamic channel. b) Another interesting element is that on the 1H chart, we can see a clear Flag Pattern. Where we have defined an activation level for the bullish view c) The target we will be using for this situation is the Ascending channel 2 (There we expect to observe reactions) d) The invalidation level either if the price reaches the activation level or not is below the current yellow structure (around 219.00) That's all we have to share with you on this chart. Thanks for reading!
NASDAQ:NVDA
by ThinkingAntsOk
2
Schwab Set For Quick Bounce? Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 9, 2021 with a closing price of 73.0. If this instance is successful, that means the stock should rise to at least 73.65 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.444% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 5.3515% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 9.7635% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.75% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 12.5 trading bars; half occur within 25.5 trading bars, and one-quarter require at least 35.5 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:SCHWLong
by StockSignaler
3