USDCAD needs to break 1.3330-80 resistance levelsA power move with really big targets by the bulls could be incoming for this pair. But they need to break 1.3330 - 80 first as I think this is key for such bullish scenario.
Wedgebreakout
FET +40% Wedge Breakout Swing Opportunity on Daily ChartWe are now at the apex of a large wedge forming on FET since June '20. Breakout spot is over 0.62. Wait for high relative volume + confirmation of breakout.
Target 1: daily resistance at 0.72
Target 2: 200 ema on daily chart
Target 3: $1.00 major resistance
GBPAUD WEDGE FORMATION AND BREAK BELOW. Seen from the weekly TF, this pair has been an a very long-term downtrend! I am talking about years of overall decrease in the peaks of price. We see a formed wedge from rising lows and falling highs. Depending on the condition of the market and direction of the break, this can be a reversal or continuation pattern. Drawing reason from the direction of the break, this wedge pattern and break situation suggests a continuation of downtrend.
After break below of wedge support, Price went back for a retest and has met a confluence of key horizontal resistance, 200MA and support now turned resistance area of wedge. This multiple confluence suggests a strong area for sellers to step in and push price lower.
In my next post, I will scale in so we can follow what is happening in the here and now. Cheers!
ADAUSDT created a rising wedge 🦐ADAUSDT created a rising wedge, and now the price is testing weekly resistance.
IF the price will lose the daily support and turns it into resistance, According to Plancton's strategy, we can set a nice order
–––––
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.
BNR Bulletin Resources to go longBNR has broken up through the downtrend resistance with a solid base now around 6.7c.
Bit of a volume push and we could see this thing pop.
Target - 10c
Stop limit 6.1c
BATUSDT bounce on weekly support 🦐BATUSDT bounce on weekly support and now the price is trying to have a breakout from the falling wedge.
IF the price will break the current daily resistance and turn it into support, According to Plancton's strategy, we can set a nice order
–––––
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.
RSRBTC nice breakout from descending wedge! 🦐RSRBTC nice breakout from descending wedge, and now the price is testing daily resistance.
IF the price will break the resistance and flip it as support According to Plancton's strategy, we can set a nice order
–––––
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.
MATICUSDT is inside a descending channel and falling wedge 🦐MATICUSDT is inside a descending channel and falling wedge. The price is testing again weekly (and very important) structure.
IF the price will lose weekly support we can see a new bearish impulse.
IF the price will break the falling wedge and turns the daily resistance as support According to Plancton's strategy, we can set a nice order
Weekly
Monthly
–––––
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.
IBM to Long, Wedge BreakoutCondition:
1. Wedge Breakout
2. re-test trendline
3. SMA50 as support
Entry 126.5
Stop: 121.5
Target: 145; reward:risk=3:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
OAXBTC Nice breakout from the falling wedge 🦐OAXBTC Nice breakout from the falling wedge, and now the price is testing daily resistance.
IF the price will break the resistance and turns it into new support According to Plancton's strategy, we can set a nice order
–––––
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.
EURGBP Long PositionDownward wedge indicating the slow down of the bearish trend towards a monthly level. Price has broken out of the wedge pattern with a pin bar with a wick that is 3x larger than the candlestick body.
VET/USDT - A very BULLISH long term outlook on Vechain.After some previous ideas of trying to find the bottom with Vechain, I've decided to wait until a better set up arrives. Now that we've been waiting for some time now, we now have a lot of different patterns that could potentially give us a Blue Sky Breakout , one of the most fun breakout patterns in a ticker.
Some of the patterns are a broadening top pattern, something that is similar to the SPX, this could either mean life or death for a ticker but in this case we have a bullish Falling Wedge pattern that gives us confluence that this broadening top pattern could be used as a bullish setup. This will mean that we need to watch resistance breakouts at 0.023 to 0.0267 levels to confirm this case. Another bullish confluence is the nice bounce off the monthly trendline and CAM R4, a bounce off CAM R4 is a big telltale sign of bullish continuation which adds on to the breakout of the falling wedge pattern.
If these bullish patterns are confirmed then we'll be able to see a fun ride above the blue sky breakout levels. I will also keep an eye on other VET pairs, more importantly VETBTC and VETETH.
Leave a like/comment if this idea helped you at all!
I am not a financial advisor, trade at your own risk.
Unheard gross margins of 95% and a $800B TAM : $GDRXGoodRx is a free-to-use service that allows Americans to find the lowest-cost prescription drugs in their area. The company makes money by receiving a commission for every prescription order filled via its coupons, which are accepted by nearly all 70,000 pharmacies across the country.
-Most Downloaded medical app in US with 4.8/5 rating(700,000+ reviews)
-Partnership with Kroger
-Competing with TDOC with the launch of HeyDoctor
- Rising prices of pharmaceuticals and their mission is to lower the cost of healthcare
-95% Gross margin (What?!?!). 30% Operating margin.
- $75M Free cash flow.
- TAM $800 Mn
- NPS 86
- 4.6/5 Glassdoor
- Founder led
Concerns,
1. P/S of 37.1 and 201 PE. Average PE in healthcare is 24.
2. IPO hype(good for trades though)
3. 94% of top line revenue still coming in from prescription stream(concentration risk?) which grew 42% Q1.
4. Regulations
5. International expansion?
6. 4 holders own 60-65% of the company(Both good and bad)
TA,
1. Wedge breakout
2. Potential base of Cup.
3. Low volume on Pullback
Not a long term position yet. Swing trade.
Entry : break of 52
Stop loss : 49 (-7.8%)
CALX - gorgeous engulfing candleCALX made a strong reversal, green candle on a red day.
Nice bullish wedge from mid july
Expectiing continuation coming closer to the next earnings.
Small gold breakout incoming?Gold price action is starting to converge into a wedge/triangle (Wedges script). I'd be looking for a breakout to either the upside or the downside.
Previous sell signals (D+ script) have faded...turning into a plateau instead of a drop. (This happens often.)
No strong buy signal either, so we'll have to look for confirmation with another tool.
XAUUSD, daily tf, buy on falling wedge breakoutHello my friends,
It has been long since my last position in XAUUSD. Today i finally find a good setup to trade for XAUUSD.
If you look at XAUUSD daily tf using line chart, it is very clear that they are making a falling wedge pattern. Price keep moving south but it was getting squeezed in the last 2months. Price finally get out of this wedge pattern and break to the upside at 9th October 2020 and keep moving north for 300 pips.
Today we finally see price retrace to retest this broken trend line which is now a support.
This is going to take some time to materialize as we are using daily timeframe so we just gonna do it patiently. Also if you're a fan of elliott wave, you could notice that this is going to be the 5th wave for XAUUSD to the upside.
I am buying XAUUSD to aim the upwards movement towards 2050 because this is the target of this falling wedge pattern.
Buy XAUUSD 1892
Stop loss 1870
Take profit 1 at 1984
Take profit 2 at 2050
RR ratio is 1 : 7.2
Use only 1-2% risk
Good luck
EURJPY Rising Wedge - Watch for south breakoutEURJPY is in a rising wedge, wedge pattern typically have a fast movement after a break south. Track this carefully next week. Once we have a break below the wedge I am expecting this to move towards Demand Zone (Profit Zone)
Happy Friday all, take time to rest up. See you all at next market open!
Let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
ISRG- Leader in medical/surgical roboticsISRG has roughly 80% of market share in RAS systems.
Surgical robotics is a lucrative industry and will only become bigger as 5G and AI technology mature.
QKCBTC is inside a huge descending wedge 🦐QKCBTC is inside a huge descending wedge and the price created a double bottom on daily support.
IF and only IF the price gains bullish momentum and will break recent daily resistance and the wedge, According to Plancton's strategy, we can set a nice order
–––––
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.
$AAPL Poised or Secondary Break $AAPL had a great pullback, and although sellers are still holding it down here, if buyers can manage to pressure the move up through the sellers resistance, they have a shot at taking this much higher.
NEC - Long term breakoutLooking good, waiting for a successful retest of the breakout area before entering a long
CLSK +18% Wedge Breakout Swing Opportunity on Daily ChartCLSK swing trade setting up. First target just below $15. Over $15 room to ~$17.50-18 on daily chart. Wait for break of $12.50 with high relative volume to trigger entry.
UAL - After Bullish Engulfing close to breakout from wedgeNASDAQ:UAL
After Bullish Engulfing + hammer candle
rsi 14 have a support line in 40 level
volume is bullish
