Crazy volume, yesterday. On top of a 63% gain. What's going on with this penny stock? Why is it drawing so much attention? .... I don't care haha. I'm just interested in the price and in the story it tells. Here's a bullish scenario for this badass: What's ostensible here, re its price action? - Supply and demand areas. Several touches and both bullish and...
You are welcome haha. In which direction do you think it is going to explode? Trail or target?
Blue Chip +, nearly reaching oversold area on the monthly time frame's RSI ... This usually mean blue chip at a discount. As traders we relly on somthing instead thoug. Proof from the market. AMZN is on a downtrend currently. I will definitely only step in once I see a break of structure in this time frama (my personal favorite. helps regulate my emotions)....
With Amazon this could perhaps mean to let a build up form near the support zone it is trading in ... Wait for a trigger. Which could be a strong breakdown of that resistance level. Go short on the next candle, and take profit at the upcoming support level or just trail. SLoss above current support level ( I like to give it some buffer and simultaneously...
1. Market in a downtrend. ideally we don't want to trade against the trend. 2. If we are looking at a bullish scenario with AMD, we would need to see a reversal, a break of structure, like the hypothetical one outlined in the chart with our yellow arrow. 3. Having that said, in order for a bullish swing trade to have the odds on its side, it would need to arise...
1. Value zone at the yellow trendline. 2. Wait for a trigger in the area in the form of a candlestick pattern. 3. SL above supply zone marked in purple 4. TP Demand zone marked by the purple trendline at the bottom of the yellow trendline. Never forget to manage risk!
Entry: upo breakdown of support and simultaneous completion of descending triange. TP: upcoming support level SL: 1 ATR above "Buyer's Territory" Manage Risk!!! No trading advice. Just going through hipothetical scenarios. I don't know what are your bias, risk aversion, favorite time frame, r/r and so on.
Entry: upon break & close of yellow trendline + 50 EMA (W) TP: 12 usd range SL: 1ATR below buyer's territory PSize: 1pct ttl equity This is no trading advice. Just drawing a hypothetical scenario for this badass.
And as promised ... the bearish scenario. This scenario would entail: -a bounce back from it's upcoming value zone -trading a in a range for quite some weeks -stepping back to the value zone and breaking below to confirm a beautiful head & shoulders pattern. Always wait for the closure of candles, always wait for the trigger in the value zone. ALWAYS...
Volume profile just to identify congested areas where the buyers and the sellers may be sitting. The idea here is to wait for the price to drop to the value zone. Once price trades in this area, wait for a trigger to the upside like a big fat green candle or a break of structure in the daily time frame. Go long on that candle. Take profit: within resistance...
Last time the dollar was worth 0.95eur was back on Jan 17. Price appeared to have respected this key level last month by displaying a textbook rejection candle. Howvers, this month the strong bullish sentiment persists and this level is being tested again. Would you feel comfortable going long on the breakout if the price does not enter in a small phase prior...
Amazing how THE PRICE JUST REFUSES TO FORGET ... not matter the asset class ... and by the way, this is an index. It´s been over 8 years since this resistance level was laid out. Not saying it will hold, just saying it is being respected for now. Price action is beatiful!
And ... in case you wondering. The NASDAQ Composite. Effortless Dollar Cost Averaging Strategy. No analysis. Just simple, poethic buy and ... buy again next month and ... repeat until you retire.
No analysis here. Just the best strategy ever invented performing as it usual does, effortlessly good, during "The Great Inflation" mid/end 1970's. This is almost sarchastic. SP:SPX
This hidden bitcoin perk has been often put forth. Gold is gonne and bitcoind is the new hedge to inflation. Please be reminded that gold has historically worked well as an hedge against inflation because people and institutions trusted in gold as a means of transaction and store of value. At least over the past months, BTC has not behaved as a candidate apt...
A lot of nice content on this W tf WTI chart. It has been broadly put forward that the oils sqweeze is the number 1 suspect to explain the inflationary enviroment we've been through. After all, oil is the blood of encomy, oil is teh opex of economy. On this sequel of inflation hedgers that I've been briefly analyzing, oil was obvious asset missing. It perform...
How about Gold? Gold was another rockstar assets back in the 70s during "The Great Inflation" Since July 2020, it has been forming what appears to be a perfectly drawn ascending triangle. If it breaks resistance, it will be trading in all time highs territory which is a major turn on to me as an investor because it could be making the headlines and trigger...
What do you think about this bullish scenario? Market erupted in mid 2020 from the raange it had been in since 2015. Silver worked like magic in the 1970s as an inflation hedge. However, I see a lot of obstacles on its way up. What do you think about it? Cheers, Ruben Rodrigues www.tenacioustribe.com