Shorting LINK/USD if we get a pullback into the zone indicated on the chart. Risk defined, shorting into support.
Yeah, because they're going to give you 9 chances to sell the top... Just an observation, but I think we see higher prices soon. Cheers everyone.
This is my plan for $BTC if it follows my idea. I will compound my short if it cleanly breaks back below the mid range (S/R Flip) and then retests that level. Stay healthy out there. Cheers!
On the 15 minute chart here, this is my setup for a long up into daily resistance. If price follows my idea, trigger is on the up arrow. If I get entry on this, I will be trading into my asks for trading idea posted yesterday. Cheers!
In this chart we're looking at TRXBTC on the 1D chart as price has consolidated into an ascending triangle. Price is right at the horizontal boundary around 233. A breakout will be confirmed once price prints a 1D candle above the 237 price line. This ascending triangle has a price target of around 330 for about a 41% gain. Price has also broken through the...
In this chart we're looking at LTCBTC on the 1D chart as price has consolidated into a rectangle. Price has broken through the horizontal boundary at 7799. A breakout will be confirmed once price prints a 1D candle above the 7916 price line. I love to see price consolidate right below the chart pattern boundary before breakout occurs. This gives a great area to...
Sorry I've been away for a bit. Had personal things to take care of, but I have a lot in store for the upcoming weeks. Let's get right back into it! In this chart we're looking at Netflix on the 1W chart as price has consolidated into a beautiful symmetrical triangle. Price is currently breaking through the descending boundary and is attempting to confirm...
In this chart we're looking at ADABTC on the 1D chart as price has consolidated into a rectangle . Price has not broken out through the horizontal boundary at 536 yet, so we're adding this to our watchlist. A breakout will be confirmed once price prints a 1D candle above the 544 price line. This rectangle has a price target of around 670 for about a 25%...
In this chart we're looking at AAON on the 1D chart as price has consolidated into a rectangle. Price has broken out through the horizontal boundary at $52.50 and has confirmed the breakout by breaking through the $53.29 area. This rectangle has a price target of around $61.67 for about a ~17.5% gain. This chart pattern breakout is occurring above the 200EMA, so...
In this chart we're looking at SWN on the 1D chart as price has consolidated into a rectangle. Price has broken down through the horizontal boundary around $1.78 and has confirmed the breakdown after printing a 1D candle through the $1.73 area. This rectangle has a price target of around $1.11 for about a ~37% gain. If you would like to see more of these ideas...
In this chart we're looking at PKI on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $98. After price prints a 1W candle through $101.28 breakout will be confirmed. This ascending triangle has a price target of around $125 for about a ~27% gain. If you would like to see more of these...
Here we can see $TSLA has completed a five and a half year-long consolidation forming a rectangle pattern. Looking closer, we can see a previous, smaller rectangle forming over the course of almost three years with a breakout in April '17 to new all time highs around price $387. There was a false breakdown of this smaller rectangle occurring around Q1 2016, but...
We just saw $BTC move from 6410 to 9010. Over the next few weeks I expect a healthy retracement in price before we see what Bitcoin's next move will be. Using the Fibonacci Retracement tool, I'm targeting a 61.8% retrace of this previous move up. On the chart, I show an example of what price may do over the next few weeks; similarly replicating previous...
In this chart we're looking at NVO on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $58. After price prints a 1W candle (1 day left) through $59.77 breakout will be confirmed. This ascending triangle has a price target of around $85 for about a ~46% gain. Price has good momentum as...
In this chart we're looking at Becton Dickinson & Co on the 1W chart as price has consolidated into an ascending triangle . Price has recently broken through the horizontal resistance around $263 with a strong weekly candle. Breakout was confirmed after price broke through $271. I just came across this company's stock this weekend, so I missed the initial...
Today we're looking at Salesforce.com on the 1W chart as price has consolidated into an ascending triangle. Over the past week price has broken through the horizontal resistance around $166 with a very strong weekly candle. This ascending triangle has a price target of around $214.25 but we may see a small pullback before continuation. If we see a pullback I...
To wrap up the year I'm going to leave you all with one more idea I have my eyes on. In this situation, we're looking at $MDU. MDU Resources Group is a stock that we have seen consolidate into two different patterns over the course of the last nine years. Both respective patterns have yielded excellent results as both have reached their respective targets. Now...
As this week of trading is nearing an end, I wanted to share another potential trading setup I've had my eyes on. In this setup we're looking at Intel Corp. Back in late 2014/early 2015 this instrument began consolidating into an ascending triangle (bullish continuation pattern) and sure enough, price broke through the top side of the triangle and continued...