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Volitility

Berkshire Hathaway Inc. Class B Mark UpI do not trade BRK.B. However, I would like to see how this plays out to these levels I set. I am ultimately looking for the bears to enter the market in order to drive price down to that huge continuation zone ($167-$185). If that does take place then I would utilize that area as a take profit. I would readjust IF price action heads further up so I would look for a B.A.R. of the $215.45 for a bull move. We shall see.. Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
NYSE:BRK.B
by ChrisJTradesFX
NVAX UP 13%NVAX is HOT right now. Earlier yesterday I expected a pullback, but there is no way of telling when the buy craze will end. What I'm monitoring from the chart: Momentum, to indicate a possible trend reversal - for now the momentum is still HOT RSI, also to monitor momentum and buy power - right now the buyers are in firm control Bollinger Bands, to monitor the volatility and overbought / oversold area - we have been running overbought for days So at this point, NVAX is going incredibly strong but I am keeping an eye out for a possible sell off or minor correction to enter again with a lower position. Hit like if you found this helpful Thanks, E
NASDAQ:NVAX
by BlockTechEv
1
Bitcoin UPdateThese are the levels I'm currently paying attention to with Bitcoin. "Chris, what are you waiting to see take place with price?" I'm waiting to see if Price Action will do a B.A.R of the $10590 level before heading further down. "But why there, and do you believe it's going down?" All due to the clues that's being left behind in price. A key level ($12190) was breached that's pretty visible from the Weekly perspective, if today's Daily candle close as an engulfing then that is very significant along with the "area of interest" ($10590 - $11044) being hit multiple times which in return weakens it. "Okay, where would you get in and take profit if you were to short it?" Were you not paying attention? Rhetorical. But I would wait for a B.A.R of the $10590 level and I would look to take some profits around the $9600 area. "What if you're wrong about everything you just told me?" Then so be it, readjust. Also I'm not a financial advisor so trade at your own risk. However, I'll wait until there's a B.A.R of the $12190 level and that's it. Once again, I am not a financial advisor. Got it?! "Understandable, and good look."
BITFINEX:BTCUSD
by ChrisJTradesFX
Rocket Companies Inc UpdateAs you all can see what I'm anticipating with RKT. A barrier formed at the high end of the curve which is pretty significant, and even if it's not "respected" it can serve as a great area to re-enter the markets. The highlighted area signifies potential profit margin if Price Action starts to head to the downside. However, even if that were to take place there's a HUGE order block nicely positioned down below waiting to be touched for the very 1st time... dare I say like a virgin. j/k I'm interested in $19.90 - $20.46 IF price reaches it! We all shall see..
NYSE:RKT
by ChrisJTradesFX
2
Rock Companies IncI should have published about this asset a day or so ago. I've actually been tracking it since it's inception, but I will say that there might be an opportunity presenting itself soon to invest at (or near) the opening price. I'll be paying attention to Price Action to leave the necessary clues needed for me to react. Yesterday's P.A. had breached a level ($20.31) and today it's below it so that opening price is starting to look even better to me. We shall see..
NYSE:RKT
by ChrisJTradesFX
6
DXYBe sure to go check out my last published idea on the Dollar! Okay, so Price Action broke through a huge zone but I'm not quite sure when that took place (go back and look for yaself). However, normally when price break through significant areas it has a tendency to revisit the area which was broken. I believe what we're currently witnessing with the Dollar is the retest phase. Considering a huge zone was broken, it may range for a bit once it reaches the area before taking off in it's new direction. But I will say that if price does continue to head further down then it's something waiting for it which could potentially shift it. This is the current range I'll be paying attention to since it correlates with the currency I track & trade. Let's see how this plays out.. P.S. There's a breach which indicates a precursor.
TVC:DXY
by ChrisJTradesFX
British Pound/US DollarIt's been awhile! Bias: Long-term - Bullish Short-term - Bearish Last week price broke through an important area ($1.2750 - $1.2813) that had started back on June 10, 2020. I'm anticipating bears to enter the market due to this along with last week's Daily candle closed as a 'Shooting Star" and other factors as well. Be sure to check the divergence from the Monthly (we're in a new month) then scale down to the Weekly to spot the barriers that can pose a potential threat to Price Action. There's significant movement on the H4 that I'll be paying close attention to going into this new trading week. I plan on executing once I see what I'm waiting on to form. I'll readjust in the event it doesn't play out according to my analyze. Happy Trading!
by ChrisJTradesFX
USOIL 40.58 - O.34 % FUNDAMENTAL AND STRUCTURE IDEA Good Day Everyone A look at the USOIL as we closed last month on a second consecutive high and we are currently trading at 61.8 % FIBONACCI level on the monthly chart NET BULLISH and at a strong level $ 40.44. > Coming down to the weekly the USOIL is trading in a ascending triangle it has been range bound in this structure for some couple of weeks as we wait to see some volatility come into play on oil . looking out for a breakout of the structure. > Sentiment remains the same from the daily perspective the OIL is trading in a ascending channel looking to see whether structure holds or we see reversal patterns on OIL . as we wait for some confirmations and some volatility . ~ on the 4H we closed in a BULL FLAG which could be signalling a continuation with the bulls to the upside and the ascending structure to hold. all in all still waiting on the oil SOME FUNDAMENTALS TO LOOKOUT FOR 1. RSI ( Relative Strength Index ) rose and remained flat above 50 possibly signalling paused bullish momentum 2. U.S Inventories as per data from American Petroleum Isntitude 3. OPEC + 4. Global recovery in Fuel demands 5. COVID - 19 cases surge Looking for a breakout of structure and signs of more volatility coming into play. OIL could remain range-bound before we see some volatility return / see those break out of structure. this is a good opportunity for the more aggressive traders on lower time frames lets see how it goes... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
TVC:USOIL
by PULEMokhothu
Gold Testing Short-Term Support, Hedge Against FOMOWhile the rest of the market ran bullish at the end of the previous week, Gold dipped negative, crossing below the 30-day and 50-day moving averages. Prices are currently trading horizontally in the short term with $16 being a support level that has not been broken, despite several tests since mid April. Low MACD amplitude swings also correlate to a near-term horizontal move as opposed to any breakthroughs, contrary to many other bullish equities. Further, the volume at the latter half of last week did not see a significantly large increase, also contrary to the FOMO activities of the rest of the market. These realities may correlate to investors of Gold being more interested in a longer term safe haven as opposed to short term swing trading. Go long at the current support level either as a hedge against a potential market correction or purchase medium term call options as a bet on a steady average rise in Gold prices.
AMEX:IAULong
by ConfederateTrader
2
British Pound/US Dollar Mark UpGBPUSD is one of the currency pairs I mostly track & trade. Bias: Bullish There was a huge drop in price not long ago, and now it's heading back up in a "V" formation. Price had broke a very significant area when it was declining so I would take that as a precursor for what can potentially come in the near future. Confluence (3 or more): 1. P.A. is within a continuation HTFZ. Bull's favor. 2. Previous Ledge ($1.2359) was breached & broken. Bull's favor. 3. P.A. is printing HHs & HLs from a bullish Order Block. A B.A.R. of the $1.2417 level is what I'll be looking for in order to execute long positions, but always stay flexible. We shall see.
by ChrisJTradesFX
1
Dow Jones Index Mark UpToday we're analyzing the US30! Bias: Neutral I would like to start off by saying that I'm in the middle due to me leaning more bearish than bullish. Why? Price Action is rallying back towards the high end of the curve where an untouched HTFZ ($27325-$29594) is waiting, but on the other hand I'm bullish with P.A's current movement for obvious reasons. I would expect price to repel off the PPZ ($24561) only to find support underneath at the continuation zone ($23197-$23634) and from there to print new HLs & HHs. Confluence *Bull's Favor* (3 or more): 1. Interesting Price Action activity around the $18000 level. *Let me know what you think about this one* 2. Order Block formed ($20607-$25149) right before breaking above PPZ ($22127). 3. Price Action closed above Weekly 200MA. Significant. 4. Bullish Order Block formed ($23197-$23634) right below Weekly 200MA. Massive support. 5. 'V' shape return. *If unaware of this pattern be sure to research it* I'm more bullish IF there's a B.A.R. of the $29594 level, but if price manages to reach the Order Block at the high end of the curve then expect it to be there for a minute considering it's size. We shall see.
FX:US30
by ChrisJTradesFX