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Kroger has history on its side for downward movementThis article includes bonus analysis of semi-rare occurrence. My Algorithm 2 has signaled a SELL 9 times on the daily chart for this stock. All nine times included simultaneous SELL signals on the same algorithms which triggered this morning. I have provided the usual target boxes, however, I have included additional target boxes related to historical movement after Algorithm 2 signals SELL. Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom 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 SELL on August 24, 2021 with a closing price of 45.75. If this instance is successful, that means the stock should decline to at least 45.28 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 3.041% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 5.724% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 10.385% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom 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 trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 7 trading bars; half occur within 14 trading bars, and one-quarter require at least 25 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:KRShort
by StockSignaler
CRM active setup. Let's see how this performsToday we will talk about CRM. Here we have an active setup, and we will explain why we decided to develop it this way. Main structure: The most important aspect of the chart before the entry was executed, was this huge Flag pattern above a dynamic support resistance level. We were waiting for a breakout of the structure before developing setups. Also, we could observe 0 resistance levels after that. Time Horizon: When you are trading a big structure, you must understand that these types of setups take a lot of time to evolve. However, that's not a problem if you know how to handle your anxiety and have other setups or strategies running with this. The target: Is a convergence between fibo extensions and an ascending channel that is not defined yet (we need a new ATH to confirm it. However, if that happens, the alignment is pretty good. Activation Level: Our entry price is always above minor resistance zones of the corrective pattern, or in other words, "Always above B." That way, we avoid a lot of fakeouts. Invalidation Level: IF everything goes wrong, the invalidation level we have is below the structure. There we will automatically close our setup losing 1.5% of our Capital. Thanks for reading!
NYSE:CRMLong
by ThinkingAntsOk
1
Inside the ascending channel on VisaToday we will analyze the current chart of Visa. Let's start: a) The main two structures we can see on the chart are: The ascending channel and the dynamic support resistance level (yellow lines) b) Currently, the price is above the dynamic support resistance level and is supported on the ascending channel c) At the moment, we have a corrective pattern (green structure), and we say "at the moment" because the pray may keep falling and invalidates the whole idea. Yes, that's trading (what a lonely world) d) Ok, let's keep going. What we can see here is that if the price breaks above the green horizontal line, we will take that as a confirmation of the bullish view towards the two fibo extensions levels. e) Invalidation level is always below the structure (assuming that the price reaches the entry-level and then start falling) f) If everything goes as expected, we can wait for a 90 - 120 days movement towards the target Thanks for reading! And remember: Protect your Capital!
NYSE:V
by ThinkingAntsOk
3
Stocks Find SupportStocks are recovering from the dive they took down to 4350. We found support here and seem to be forming a consolidation pattern. We've rejected our level at 4421 as confirmed by a red triangle on the Kovach Reversals Indicator. Currently, we are finding support at lower levels, namely 4380. The Kovach OBV has picked up notably, suggesting we may find further support here. If we see momentum come through for the S&P, expect it to test 4421. If we clear this level we should be able to recover highs early next week.
FX:SPX500Long
by quantguy
Stocks Plunge!! 📉 😱Stocks have tumbled overnight in tandem with Asian stocks who sold off after Alibaba shares in Hong Kong tanked more than 5%. There is strong support at 4350, but that is more than 100 points away from highs. This is a significant dip for the S&P, but we should find support at current levels. This is a 0.618 retracement from the bull run since the beginning of July. We were due for a good dip, and this appears to be an Elliott Wave corrective impulse. We are highly likely to find support at current levels, but if not, the 50% Fibonacci level at 4315 should hold.
FX:SPX500Long
by quantguy
Stocks Recovered Fast!!Stocks retraced quite a bit to 4421, a new technical level under 4431. The selloff came yesterday after renewed Coronavirus panic swept in after New Zealand entered lockdowns. This was swiftly bought back midday and we've retraced about 50% of the selloff. Currently, we're finding support at 4440. The Kovach OBV is still pretty strong, suggesting that the correction was paltry with respect to the overall bull momentum. Watch for the S&P to test 4462 again. Our next profit target remains 4487.
FX:SPX500Long
by quantguy
Trading Plan on PLTR for the current range.Today we will take a look at PLTR. a) The price is inside a range since March 2021. The support and the resistance zone define this range. b) There is an accepted idea that the expected target of a range breakout is its length above or below it. Using this, we can project a minimum target on the yellow arrow if we have a bullish breakout. However, if the price keeps going up, the next resistance zone we may encounter is the previous ATH c) Ok, great. But how do you plan to trade this? - We want to observe a corrective pattern on the edge of the range with the same proportions as the previous one. IF that happens, we will set pending orders on the green activation line. Our stop loss will be below the structure. The break-Even level is the range projection. Our Target will be 42.60 to be conservatives. d) If everything goes as expected, we think the movement can take between 15 to 30 days e) We will risk on a setup like this 1% of our Capital on the stop loss. Thanks for reading!
P
by ThinkingAntsOk
4
Stocks Make New Highs!!Stocks saw a selloff yesterday morning but quickly found support, at 4440, which we have identified as a new technical level. This is just above 4431, where we thought we'd see support. After finding support here, we immediately caught a bid sending us smashing through our profit target at 4462, and falling just short of our next target at 4487. We are seeing a red triangle on the KRI at the high, confirming steep resistance, but getting support at 4462 again. We should be able to establish value here at higher levels between 4440, 4462 and 4487.
FX:SPX500Long
by quantguy
Stocks Meet ResistanceStocks have reached our profit target at 4462, and seem to be stalling there. We will see if the Biden administration's epic, incendiary failure in Afghanistan will have an impact in the S&P closer to the open. For now, it looks like it will establish value between 4431 and 4462. The Kovach OBV is strong but has leveled off suggesting that stocks may be taking a breather before another rally. We are seeing not one but four red triangles on the KRI which suggests that we are facing stiff resistance at 4462.
FX:SPX500Long
by quantguy
The filter for the bullish view is READY on Square inc.Today we will speak about the current situation on SQ (we made a post a few weeks ago. You can check it on related ideas) At the moment, we think the bullish scenario is the most probable one, and we are ready to define the activation levels based on the previous analysis. What were we waiting for? We were looking for a first breakout attempt on the current corrective situation. That happened, and we have a small correction on the edge of the current one. What is the activation Level? Is the green horizontal line where we think that if the price reaches it, that would confirm our bullish view. What about cancelation levels? Here you have different possibilities. If you want to trade this small correction with a risk-reward ratio probably above 6, your invalidation level will be below it. (be open to the idea that trading scenarios like this require some stop losses before catching the actual movement) If you are more conservative, you can define an invalidation level that may be below the inner ascending trendline for the current correction. If you are extremely conservative, you can define your stop loss below the full structure (186.00) That's up to you. What is the same for all the scenarios is the Activation Level. What happens if the price moves in a completely different way? Either you have a stop loss, or you never trade because the price never reached the activation level; it is that simple. That's the reason risk management IS SO IMPORTANT. You must be able to take losses without that moving your emotions everywhere. How long can It take for a movement like this? 150 - 250 days. Thanks for reading, guys!
NYSE:SQ
by ThinkingAntsOk
1
Stocks Hit Our Profit Target!! 🥳Stocks have finally hit our profit target at 4462. This was a long time in the making and we've identified this as a profit target last month. The path to get there certainly was not quick, as the S&P has gradually drifted to this target, in contrast to the emphatic breakout we expected. We should see some resistance at this level, so some ranging is anticipated. From below, 4431 will provide support. The Kovach OBV is still very bullish so the run could still have legs.
FX:SPX500Long
by quantguy
1