Bearish Move May ContinueThe move is still looking pretty bearish for now.
It's currently set up for a pullback to the daily SR. And from there we will see if price will continue on to break the trendline and keep going.
Being honest here.
I HOPE it keeps right on moving down to the 135.674 daily zone. Getting to there will be making a great setup for another bullish rally.
Patience, patience.
BEAR TPS:
Starting from daily SR level 142.660…
• 141.469
• 140.757
• 140.009
If it can break and retest the last TP…
• 139.393
• 137.658
• 135.909
BULL TPS:
• 142.320
• 142.902
• 143.979
• 144.775
• 147.177
Must break and retest last TP before I post more.
Swingtrader
This Is A Sell As Long As...If the president of the United States doesn't open his mouth or
further antagonize what looks like will be a HUGE war with Iran,
this is a setup to go bearish.
When he opens his mouth, especially about Iran, this will go bullish.
For now, a large bullish move with NO pullback means ones coming.
So I am completely bearish to 1537.30.
My bigger target will not be active until it can pass that monthly SR.
As a U.S. citizen, I am very nervous and upset about what just happened.
But for right now, I gotta mark the charts by price action and based on a new war possibly arising.
BEAR TPS:
• 1537.30
• 1527.05
• 1515.56
• 1503.63
• 1492.65
Must break and retest last TP for new TPs in this direction.
BULL TPS:
From monthly SR zone of 1537.30…
• 1550.55
• 1563.75
• 1593.05
• 1603.83
• 1629.31
Must break and retest last TP for new TPs in this direction
YETI (YETI) Breaking out of a narrowing range. Due to the strong Beta of Yeti (2.96 [Stock moves 2.96x as fast as avg of market direction), expect a rip up if the "santa claus" rally truly takes off.
Volume is indicative of a move north, in addition to the clear consolidation, and break through upward channel price of $37.75.
YETI's expansion into international markets and their continued uptrend make for both a great swing trade in addition to a long position in the company.
As always...DYOR
Futures NQ - Swing trade ideaMore info about my trading is here>>
My videos about trading is here>>
Nq futures- swing support
EBOOK here >>>
My broker is Interactive Brokers.
Join us today and get your Wall Street Way.
------
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume, expected volatility, advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fond (700 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob Kovarik
Pullback Completing For ComtinuationBullish continuation is still possible despite that last-minute dip last week.
If you look at the charts on the daily, You can see this was nothing but a pullback.
I'm waiting it out for the next move and trading accordingly.
BULL TPS:
• 1.71066
• 1.1800
• 1.72316
• 1.72902
BEAR TPS:
• 1.70068
• 1.69680
• 1.68939
Potential Bullish ContinuationPrice is overall bullish after a consolidated range took place. It was a slow takeoff, but it looks like we'll be continuing in that direction unless it's rejected by the daily SR level at 1.47155.
BULL TPS:
• 1.46843
• 1.47155
• 1.47563
• 1.47935
BEAR TPS:
• 1.46329
• 1.46056
• 1.46789
• 1.45340
AUD/JPY Short Trade BiasLoving this trend in AUD/JPY both on the Daily & Weekly. Currently, we've seen the weekly pullback to a dynamic resistance (moving averages) where it's then proceeded to print a Doji rejection bar right on the 50% Fib level with a follow-through of last weeks bearish close. On top of that, we've seen the stochastic come to an overbought level on the weekly and proceeded to cross over which gives us extra confirmation. I think having a wide enough SL (100 pips) with a target of 270 pips or so could be a pretty decent trade.
So to check this trade-off we have:
Weekly Stochastic overbought (Check)
Weekly rejection Doji and lower high (Check)
Weekly Bearish Engulfing close (Check)
Moving Averages working as dynamic resistance (Check)
Rejection at the 50% level (Check)
Looks good to me!
Potential Bullish ContinuationThe consolidation was a pain, but now it looks like at a potential double bottom is forming after the drop.
Wanna see how far we'll go up if that's the direction as a continuation, or if we'll get to the trendline below and break/support it.
BULL TPS:
• 0.90242
• 0.90955
• 0.91256
BEAR TPS:
• 0.89641
• 0.89467
• 0.89025
Next Move Determined By Daily Key LevelWe are currently near two key levels: a daily and a weekly underneath. Waiting to see if price will breakthrough daily SR level and head to the weekly.
What it does at the weekly if it can get there, will determine if we will have a strong bullish or bearish move.
Here are the TPs for now:
BEAR TPS:
• 1460.33
• 1455.75
• 1442.25
• 1438.31
• More TPs if it can break the weekly SR level.
BULL TPS:
From the daily key level at 1460.33
• 1474.91
• 1486.85
• 1503.63
Will Harmonic Still Be Respected?Some good moves happened with CADJPY, so going over this a little more.
Right now, we wanna see if this bullish harmonic will remain respected all the way to the monthly at least.
Or, now that price has gotten to the mid-level of the harmonic, will it turnaround and continue to the trendline where a daily level resides.
As you can see, a trendline sits there in the waiting. If it can break that trendline, that'll be a nice dropdown. If it bounces off, the bull rally continues.
BEAR TPS:
• 82.239
• 81.905
• 81.638
• 81.464
• New tps announced if the trendline and daily SR level are broken.
BULL TPS:
• 82.719
• 83.230
• 83.598
Multi-Day Consolidation Means Big Breakout SoonBIG MOVE COMING!
We have a several day consolidation sitting on a monthly SR with GJ.
This move is gonna be JUICY JUICY JUICY when it takes off.
I'm not looking for the pull rally to stop this month.
If we see a downtrend, it will only be a pullback for a few days before the big impulse move back up.
I'm patient with this one.
GJ has been fun since September.
BULL TPS:
• 142.469
• 142.660
• 144.775
• 147.177
BEAR TPS:
• 137.658
• 135.674
If it goes further than this, I'll add new TPS.
Gold Will Be A Little More Tricky With It's DirectionGold will still be a tricky little sucker this week.
With a large bullish doji made last week, it could signal a strong bullish move happening this week for gold.
Want to see if gold will do a temporary pullback then shoot straight up to my monthly SR to see can it breakthrough.
But, as you notice with my analysis, I'm thinking a rejection is likely once it gets there.
We'll find out this week.
BULL TPS:
• 1527.56
• 1537.30
• 1550.55 (if can breakthrough the monthly SR)
BEAR TPS:
From the monthly SR 1537.30
• 1527.05
• 1515.56
• 1503.63
• 1492.65
Possible Retracement Then ContinuationWell, this pair was an interesting one. It kept going up and didn't stop until it all the BULL TPs last week.
So I am looking for a bit of a retracement some more and then another try at the monthly SR level to see if it can breakthrough.
BULL TPS:
Starting from 0.90314
• 0.90531
• 0.90950
• 0.91285
• 0.91494
• 0.92004
BEAR TPS:
From the current position
• 0.90626
• 0.90312
• 0.89966
• 0.89485 (this one is a long shot)
Possible Bullish ContinuationWe are currently in a big range according to the weekly.
But thanks to the big boost from news week, we could possibly bust out this week -- as long as we stay bullish.
Since we had a big impulse move Friday, we should have some pullback before continuing up.
With price beginning at consolidation, we should prepare for a big impulse move again this week too.
BULL TPS:
Beginning at 1.45975
• 1.46321
• 1.46612
• 1.47072
• 1.47476
• 1.47935
BEAR TPS:
Beginning at the current position
• 1.46321
• 1.45975
• 1.45608
• 1.45251