Wouldn't actually short this but highlighting the fading interest in the stock. Pennant looks almost ready to crack. The extension below will make for bear targets. Also notice - 89 sma is being rejected. The pennant support must hold. I wouldn't bet on it.
Watching EU for run to upside and a weaker dollar move. 89 moving average and fib support is labeled. The thing that I will be careful with is trying to predict the extension, but there is something worth noting here. Support is already reacting with bull volume. Go, Euro.
I am hoping Roblox breaks out it's downward channel. I am looking for the extension targets above to put the stock back above $100. They are still becoming the platform they are capable of with a strong hold on the youth and starting to appeal to more adults. Fib resistance at $84 needs to brea for confirmation.
Looking at 618 retrace and if we get there possible 1807 then 1820. I dont do enough intraday plays anymore on here. Want to shake off the rust.
I've stayed away from this stock mainly because of it's horrible financials and have seen this trend line (pictured) hold up many times now. I am banking on that again as we are off the highs quite a bit (nearly 70% decline). Also, we are in a falling wedge that is meeting that trend line. This adds extra sauce to this play for me.. I am a swing trader/investor...
The rising wedge that broke* is currently retesting. We have reached the 786, a solid retrace usually. More bull fire can take us to the 1272 above (labeled red box). A fall and fib support below is around the 200 day. My sentiment is still bull with caution. Happy trading
I took a much needed two week break from the charts. I have been more so a bull on XAUUSD but have to admit the massive drop risk here as well. I will use the resistance break as confirmation for bull and 382 break (support) for bear extension signal. Happy trading.
Silver could want its 382 retrace. When/if the trend line breaks I believe volume will come in. This play is being ran off my expectation that gold will continue to run bull.
This chart is to highlight the possibility of anything. I have been bull since 1730 but am posting this to shed light on both places I believe Bulls and Bears are targeting. This allows us to watch the ranges for support/resistance breaks to target extensions above or below.
We've been waiting for the China rally for a while now. When this trend line breaks, I believe volume will come in. We are at clear support with a clear price level of significance above. As well, the 382 fib is showing itself as a target $60.78. The 200 day is lagging above. The volume profile is also showing this level as most traded. Do with this...
BTC broke to the upside despite my bearish-ness. I am looking at the 272 extension as a level bulls will try to throw price to. A retesting of the previous all time high. From there I still am neutral on the reaction within this range. I don't think the break out is confirmed, but bulls have redefined the range. Happy Trading
We have been in a lengthy rising wedge that has since broken. Now we are right out side of that wedge that seems to be trying to retest, right under the fib extension labeled in picture. I have labeled where bulls need to get back above and also where bears are likely trying to target.
Just fibs. Resistance, support, and bull and bear targets. Higher time frames will provide more accuracy.
I am looking at the dollar as possible bearish based off major moving averages on longer time frames, and the fib retrace already made. If the dollar were to fall this hard I could mean good things for the market/gold/etc but time will tell.. There is an arguable falling wedge in miners/gold and people seem to be trying to buy the dip in the equity market. This is...
I see a bounce off the 382 on this structure. Considering posting more intra day ideas for fun while we wait for larger trends. Sentiment is explained on chart. Thanks. Trade smart. Anything can happen on any given trade. This is not a buy sell signal.