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PTON at Crucial Support Level Ahead of Earnings!A week ago, I posted a short idea on PTON with the Head and Shoulders pattern as my reasoning. That idea is still active, but I will be looking to this week's upcoming earnings call for confirmation of the pattern. The neckline of the pattern (~$95) is a critical support level and the earnings call will ultimately choose the direction in which the stock will proceed for the upcoming month(s). As of right now, the earnings call could go either way, but I am leaning more towards PTON falling short of expectations. If the earnings call is able to pull the price down below the neckline, then I will most likely open a short position on the stock. If the earnings call pushes the price above the right shoulder's peak, then I may or may not be looking to enter a long position. My decision on the long position will depend on how well PTON is able to resolve the issues that have risen around the country involving their treadmills. I will update this idea with my position on this idea and stock after the earnings call on May 6, 2021 after-hours.
NASDAQ:PTON
by Sri2Trill
3
Which direction, GBPUSD ?According to hourly graphs, at GBPUSD is the same situation as of EURUSD. It has broken the 1.40 resistance, went up to 1.40500, and now back at the strong point. Now we should wait to see if it will go further up high, back to the 1.43 back in April 2018, or it will go (for the moment) back to 1.38500. There are many to be taken into account, not just technical analysis. But a strong confirmation is required first. Trend indication is clearly bullish, but that does not mean a correction will not come.
by MBGD
BTCUSDT is below historical resistance V2 🦐BTCUSDT is below historical resistance V2. If the price will have a breakout upward and flip the historical into new support, we can looking for a long, otherwise, if the price will lose the weekly support, we can looking for a short (short term). At that moment we need to wait ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
7
XAUUSD wait and reactHello Traders!! Wait for XAUUSD to hit the key level, if it hit 1887 level then its a sell to 1868 and look for buy whenever it hit 1868 to target 1887. I hope my levels are making your trading easy and don't forget to hit the like button. ONE THING I want to tell my followers and viewers. Patterns are the easy way to lose money. So avoid pattern trading and my levels are not the support and resistance line. I don't focus on support and resistance lines because my method tells me future support and resistance and I focus only on it. Give some likes for support and follow to stay connected also share your thoughts and ideas below.
FX:XAUUSD
by Aadil1000x
INDICATORS POINTING DOWN - RANGING - MARKET CHANGE - TVIXF 240MNThank you for your lies and shares, Much appreciated! __________________________________________________________ The market needed to be looked up with another eye. After the decision of the Credit Suisse company to take down some shares. Did we notice any change ? No! Market TVIXF changing in market shape, passing from a descending trend to a ranging lower trend. Is it the results of the company's decision? No! For the analysis, we can clearly notice that there is a strong resistance illustrated with a green horizontal line, which as been tested several times before. Possibility of an entry short from that point again to be on the wave of a probable pullback down on it. Furthermore, the lower part of the actual overall horizontal trend marked with the orange line, can probably see the market trying to break it, to evolve at a lower price. Another idea would be an entry long from that point(bottom orange line) At the moment, because the market hasn't shown any strong sign of recovery, we would wait and see what is going the happen from next week. So Wait Few Days to Increase Your Probability Limiting the Risks. ---------------------------------------------------------------------------------------------------------------------------------------- We see more and more people happy taking positions and decisions through our analysis.That's great! Please beware about this DISCLAIMER: this trading idea and all others published here or on any social network, editorial, media and press, can change at anytime without any notice. Trading is risky and losses or profits are the results of your own decisions and not the result of this analysis. Trading assets on financial markets is very risky and this analysis is to provide another point of view.
OTC:TVIXF
by Diallo_Charts_Ideas