BNKD trade ideas
Bear Flag for FNGU 3x etf (updated) - 23% downside possibleIt's shaping up to be a bear flag.
If right, we could see 23% downside, with a price target around mid $22.
Potential bear flag for FNGU - maybe 45% downside? FNGU is a 3x leveraged fang etf.
We've had a small consolidation (flag) but now we've started moving downward again (potential bear flag pattern).
Bear flag price target of roughly $15 would mean a 45% fall from current price.
Price target lines up with support levels of around $15 which we bounced off of multiple times in September 2020.
We also recently crossed below the 50d MA on the 4H.
$FNGD $TECS $LIXT Quick Bucks!1. Engulfing SOR at end of a short time down trend.
2. Stoch RSI oversold
3. Bullish MA intersection
Using Fibo, I plotted my TPs on green, cutloss on red then entry at blue. After assessing possible gain over loss using average TP and CL point, there's possible quick bucks on this tomorrow or next week.
FNGU, 3x FANG ETF, bears are going back to being endangeredNo raising rates til 2023. FOMC bullish af. Don't buy puts.
$FNGD PT 5.50 and higher $SPY PT 366 by March 15thThe investment seeks return linked to a three times inverse leveraged participation in the daily performance of the NYSE Fang+⢠Index, total return (the âindexâ). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.
Prepare for tech crash Long in at 3.20 can enter at 3.85 or buy and hold above 20 confirmed breakout
NRGU in uptrendMay dip in the remainder of Jan and Feb as oil/energy tends to do historically. Black lines are swing targets. Expecting it to hit $150 this year, probably by the end of summer.
FNGU Undergoing Seasonal DowntrendFNGU tracks the NYSE FANG+ Index ans the NYSE FANG+ Index almost always starts a downtrend in mid December, which last until the first week of January when it resumes an uptrend. Since this is what almost always happens, it is safe to assume it'll repeat the same process. So entry into FNGU is idea on the final trading day of the year unless the downtrend ends sooner, which has happened before.
FNGS breakoutFNGS looks to have broken out of a nice ascending wedge with some nice cup and saucer type patterns. 2 overhead trend for potential target, lower trend seems more probable since its parallel to the moving averages
I used a TOW uptrend filter and found thisgoes in uptrend, I dont have much experience trading but looks pretty safe to me.
FANG+ IHS fractal $FNGS FANG+ has a nice inverse head and shoulders fractal set up compared to the last run up. Looks like it may just run up but I could also easily see it pulling back a little in the short term. This index is loaded with all the big tech names so markets will follow it.
Big Tech go Bigly Big League? #TremendousFNGS the concentration of the bigliest 20 or so tech stocks, minus a couple they're randomly missing. But these are the big boys.
Nice little duplicate arrow there
Nice little dirty head and shoulders
In a good channel right now, volume declining, like it usually does in uptrends with the preceding day big spike in buying volume which we also had.
Closed Friday at the previous big gap down.
Need to at least close that upper gap, probably to the moon though.
#NASDAQ35000HAT
#Tremendous
Lot of indicators on here flashing RedI normally wouldn't post this on SPX but I get the impression there are a few that would appreciate this info and I don't feel like I've contributed enough to this group. Going parabolic is nothing new, finding the top is. That overbought indicator has been accurate 8 months in a row on this stock, going in on FNGD is either going to prove to be a short small loss or a short term big gain. Any and ALL Opinions are appreciated. I have 1/2 dozen other charts on this stock that reinforce this idea, I just need to figure out how to share more than one chart yet lol.
FANGlast post here . Tired of the crap with tradingview setting my indicators to default again. I close all windows as per their instructions and even after just looking at another posters chart I get zapped. Too much crap and time to change everything back. Sorry, adiaos. Good luck to all.
FNGD bottom - Go longI know a reverse split is coming but this weekly chart and its volume tells it all doesn't it? FNGU has had a helluva ride but all good things must come to an end, even if temporary
FNGU ChannelThis is the FNGU ETF at the 4 hour. It's a 3x leveraged ETF for mainly big tech. Well, FATMANG stocks make up over 40% of the NQ - possibly more by now.
This is one of my favorite ETFs to swing trade and scalp. The channels are aligned with the NQ channel that I published. FNGU found support at the middle of its channel... just like NQ. I am not sure how far this bounce will be.
NQ can make great gains, but the weak breadth makes rallies hard to sustain.
This is why I am waiting for the NQ to reach a major support. As you can see with FNGU, you can lose a lot in one day. If you wait until major support, you can serious bank the big bounces. The last big bounce increased the FNGU by over 60% within 2 weeks.
I am not a financial advisor. However, I would not recommend holding this ETF for long periods of time. 1-5 trading sessions at most. If you want to mitigate your risk, just scalp it.
