Trendtarda

Trendtarda

Just some ideas for the future of SPX, as you can see I've charted an ascending triangle that has 3 zones to it, all with different outlooks of price action. depending on what 'ZONE' the price lands in is the possible direction. support and resistance lines also placed on chart. ANY feedback welcomed! happy and safe trading

Trendtarda

Hello traders, as we all know SPX broke out of the ascending wedge that was previously thought to bring upon a big correction that I also was certain was going to happen. However, on the chart I have plotted a projected ascending channel and support/resistance lines. Now I am always someone who goes LONG on SPX but I don't think its unreasonable for the price to...

Trendtarda

Weekly chart support and resistance zone + ascending channel

Trendtarda

SPX update: during this week we can see that SPX has jumped outside of our rising wedge formation resulting in a void of this pattern. We can still see divergence between price action and RSI and a rising channel over the previous days/ couple of weeks. Due to the break down of the rising wedge I don’t see a massive pull back happen as first predicted. A more...

Trendtarda

SPX update, Ascending triangle in RED, support and resistance in BLUE As we can see from an ascending triangle point of view first off, price action has moved above the upper ascending triangle line. Even if you had you upper line placed during the start of December 2020 the price action has still moved above this line. this could mean a possible trend break down...

Trendtarda

SPX UPDATE: SPX riding the upper trend line of a rising wedge. My over all direction is long, however I can see a pull back to either of the plotted support zones. Once short term pull back has occurred, SPX will continue long

Trendtarda

SPY, long or short ? I believe SPY will go short for a limited time before price moves back up. Ascending wedge is in play and althogh SPY will go short, I don't think it will go below 3400. Resistance around 3580-3590. However there is a possibility that SPY will break both trend lines and make a massive move downward. If so wait, and go long once consolidation...

Trendtarda

Updated chart for UBER, still short on Uber and waiting for price action to make a move to the downside. Possible going back to the same level as the breakout at around $40 before an even higher and more sustainable move to the upside.

Trendtarda

I can see UBER coming back down to previous support of $41.99 before continuing forward to over $50. Price is too far away from middle Bollinger Band line to continue. Hence the retrace back to previous support. Fee free to comment and share Currently shorting UBER but overall I suggest this is a long term long position

Trendtarda

Hi Fellow traders, please bare with me as this is my first post! My thoughts on MSFT are as follows, If a test of the upper resistance fails I will be looking at a buy entry at support at roughly $200 (ZONE B) If MSFT breaks resistance at $216 then I will be looking to buy at this level (ZONE A) I feel that MSFT has a strong trend and it is only a matter of...