SELL SETUPAB=CD pattern has been completed on 4hr timeframe. It would be a good idea to sell from yellow zone box with SL above it and target as per chart.
CVX trade ideas
CVX is holding $100, but for how long?Technically Speaking
CVX is holding the $100ish pivot level. The longer it holds the more likely the next move will be to the upside.
Fundamentals
Here is a company summary.
What to do?
First, is this a trade or a long-term holding? What is YOUR time frame? You have to decide.
The R/R favors the long side, in my opinion. A long position here, stopping out under 96.00.
Checklist
Should I buy?
* Is this a technical trade or part of my long term holdings. Establishing a time frame is very important.
* Is it trading at an important technical level that is obvious to all market participants?
* Is the R/R in your favor?
* What is the likelihood this company will either go bankrupt or it's products or services become obsolete?
* How much debt do they have?
* If heavily indebted, how much is coming due in the next 3-5 years? Can they cover their debt payments based on reasonable analysis?
* Will their product or service become obsolete? This really is too hard to say, too many things looked obvious in hindsight, think Blackberry. However, I think it is constructive to think about, especially if you are planning to hold a stock for the long term.
Risk
* For individual securities, risk no more than 3% as a starting position. You can always add later.
* Write down a price level that you will consider liquidating all or part of the position.
* What is a reasonable price target?
Execution
* After going through the checklist above, are you still willing to risk your money? If yes, TAKE THE TRADE.
OVER THE LONG TERM, THE WAY TO WIN IS TO HOLD ONTO YOUR WINNERS, AND CUT YOUR LOSERS. IT IS AS SIMPLE AND AS HARD AS THAT.
535 zigzag ?Equality between a and c wave
RSI divergence
a break of $98 would indicate further downside potential
Confirmation of rising wedge's breakout (CHEVRON)Signals
rising wedge with breakout
flag with breakout
Sell 102.00-101.00
Stop-loss 103.60 (flag's high)
Target 93.50 (sizing+strong support)
R\R ratio 1:3
Chevron sell the rallyAfter a strong impulse down Chevron is in what appears to be a corrective structure.
We will be waiting for a break out of the lower trend line. Once that happens we will watching on lower time frames for a retest and rejection before taking the short position. The targets would be 55, 30 & 15 which are previous strong support levels.
If the rally breaks up and out of the 110 level then this trade will be invalid.
Bearish Gartley and Bearish Pinbar after earningsWeekly bearish Gartley - $CVX
The Gartley's PRZ is between 103$ and 110$.
You can see that the pattern completion zone also comes with a weekly structure zone and in addition, last week's weekly candle closed as a bearish Pinbar pattern.
Aggressive traders can probably seek for reasons to sell $CVX as long as the price respects the PRZ.
More conservative traders should probably wait for a close below 100$ to confirm a False Break to that psychological level.
Based on the weekly chart, $CVX can decline towards 90-91$ to complete a weekly correction move.
The 98$ zone, a daily support zone, can also be used as potential target zone for those who seek for shorter term trades.
Tomer, The MarketZone
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"SWING UPDATE" $CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $XOMPRICE PANIC FLUSHS
HITS POTENTIAL SUPPORT.
FORMS INSIDE BAR
THRUSTS UP
THEN RETEST.
"STUDY THIS ..OVER AND OVER AGAIN
On short watch for 50sma testEnergy and equities are long in the tooth here.
CVX is up against huge resistance.
The bulls have to be careful with Chevron.Chevron is pretty much following the expected path but now caution is warranted. We are quite confident there's some life left in the Energy sector that should push CVX towards 104 our ideal target with a possibility to reach 110 the 61.8% retracement and the apex of a previous triangle but with the overall stock market getting a bit thin I would definitely take some money off the table above 98.
Simple Trading Techniques – Pullback Candlestick Strategy
Go long the CVX if it trades at 95.05 or higher. If triggered, place your stop at 92.42 and exit the position for a profit at 97.18 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com
"On its way to Balance"Big Momentum Buying pressure.....
.as Oil hits higher Magnets ...CVX has its own agenda higher also.
