Aslong as BTC is above its daily 50ema I remain on the the bullish side. A break below the 50ema on the daily chart could lead to an end in this bullish trend. Therefore, purely in a risk to reward basis, I like the following; Long BTC at 10-11k (closer to the 50ema the better) Stop Loss below the 50ema (circa 9.5k) Target 1 - 13k Target 2 - 14k Target 3 -...
Natural Gas starts to price in the winter costings around this time of the year. $2 is a strong price support level, so a logical buy point. Targets are labelled.
Silver is breaking out of its long term wedge pattern, to the upside. A weekly close above the descending trend line would signal a strong bullish case. Target 1 - 17 Target 2 - 20 4/5 trade setup
BTC has broken its short term timeframe wedge pattern indicating a potential test of the larger timeframe wedge pattern which coincides with previous lows (3100-3200). From a mathematical perspective and using the monthly Bvol (from Bitmex) to calculate the weekly 1 and 2 standard deviation expected moves, the levels show the following; 1 standard deviation down...
Waiting for SBUX to break out of the wedge pattern before initiating a directional trade.
Looking for a break above the shorter term trend line with an initial target of the 1.272 extension and a second target of the longer term trend line.
A close above this wedge pattern and my position will reverse to long.
Es has broken out of its wedge pattern to the upside. I am long with a target of 2190 and 2198
Short looking for a test of the lower wedge formation.
Reverse head and shoulders followed by a break of the short term trend line. Long with a target of 133.
After entering long at 168 price has now reached the second target of 186.
Nice break of the descending trend line. Long with a target of 68-70
Price consolidating at its highs. Looking strong. I will enter in a defined risk long trade today with an ultimate target of 180.
We entered a long position on a break and retest of the long term descending trend line with an initial target of 50. Still in this position with the same target.
After price broke out of the long term descending trend line we went long with a target of 30. On a retest of 27 we increased our position size by 25%. Target is still 30,