This is Similar to the Uber profitable BLRX Trade. Buy Puts, follow the Trendline down
It shall go Down... Hold-onto You safety belts folks.
I do not do manual analysis on anything. Instead, I develop methods to do the analysis. This way, we can be free from bias, and we measure things objectively. Having said that, purely statistics based analysis does not take into consideration recent news events and other economical or political impacts on the company. I developed this method to measure the...
Hello traders, welcome to my analysis. I tried to visualize every move on the chart itself and give perspective to the next probable move. as you can see price is respecting key levels around daily MA-200 and the MACD provides good momentum indication showing end of each phase. please share what you think.
Been thinking of building an algorithm for Wyckoff distribution detection. But, for now, just expressing my thoughts via this idea. While zigzag can be basic building block, using modified channels may help further in avoiding fakeouts. In this example, we can also see that OBV and RSI has divergence. Let's see if this results in a fakeout or continue to...
We do not need algorithms to spot the patterns when they are so clear. SeaPony bullish pattern already hit entry Falling wedge forming diagonal wave? Converging triangle ready for breakout.
Zigzag is my favourite technical indicator. Usage of zigzag is often misunderstood. People try to find tops and bottoms and complain that it repaints. Well, zigzag is supposed to repaint its last pivot and it should not be used finding tops and bottoms to enter and exit at the right time. Then, how do we use zigzags? Main application of zigzag for me is pattern...
There are two contracting triangles on the chart. Both broken downside. Now, lets see the historical results of trades based on contracting triangles on bearish side for BTC on daily chart Based on this, Probability of price reaching 25300 before hitting 42700 is 30-33% Risk reward for the bearish side is 0.64 Probability of price reaching 18903 before...
Very similar to yesterday's post on PYPL. Similar methodology and tools used. Disclaimer: I do not hold FB and may not hold going forward as well. Massive price drop on earnings prompted me to dig a little more and do this analysis. All the methods are derived from free and open source scripts aimed at finding statistical and fundamental edge. Point of this...
! Disclaimer: I do not hold any PYPL and may not hold them going forward as well. But, 17% drop over earnings got my interest into having a look into fundamentals. Please note all the analysis done here are derived from the scripts I have written - all of them are open source and free to use. Let's dig deeper. 🎲 Earnings News items highlights poor earnings and...
Negatives Broken trendline Unhealthy trend over past two years Bearish sentiment over increase in interest rate Positives Just above a critical support area In potential reversal zone Too much bearish sentiment and possible exhaustion Probabilities If drops below 15000, can slip another 1k close above 15350 either today or tomorrow...
Daily Chart - Bullish Sentiment Broken resistance Broken declining pivot high trendline Bullish Gartley pattern setup - but already have run up to target 1 Hourly Chart - Mildly bearish sentiment Seems to be rejecting under horizontal resistance High volume on previous extreme candle - may signify temporary exhaustion Bearish Harmonic...