WELL USD has been sitting inside the .382-.618 fib zone for several weeks. With the run made in other ALT coins I feel it's primed to break out of this zone as it is holding the 50% retrace at this time. A failure below the .500 fib will be when I will just get out of it.
ALB above $112 could see some legs. It's trading in a key area and also in a fib zone where the top is at $112. Ascending triangle the past few days shows it's picking up some pressure to break out to the upside.
All the AVWAP lines drawn are curling up which usually results in bullish price action and holding those lines as support.
DRIFT on the Solana network had a massive runup that i sold out of and now it looks to be making the next move. My measured move puts it at $3.2 so I plan to take profit at $3 from a $1.50 entry. Selling half to keep profits in during this bull run.
Kss is holding above AVWAP from earnings with a slope up meaning more volume acculating higher. Gaps almost always fill looking back so looking for filling gap and getting out.
SHOP is about to break the AVWAP from it's recent high in the gap. I feel it will have a little bump at 69 but eventually fills the gap at $75.
MSFT has broken out to ATH and I'm eyeing a target of $445-$447 before a pullback.
INTC is forming a descending wedge with support at $30. This price action gives a chance for it to break down to 28.69. I think the break down will happen after the NVDA split. Every stock that has made a major run into a split has sold off right after. With NVDA owning the entire Semiconductor sector I think this brings any weak stock down with...
Shorting break of Fridays low. Sector charts showing divergeance in MACD and RSI. target is 50D MA.
Looking for retracement back up into selling territory for short sale upon completion of short term distribution due to low oil consumption.
Let see what happens. Either way don't see a trade until it breaks out of this area.
Need price action to breakout from current resistance into nearest sell zone which should push price back down into buy zone where I can get an entry and then it breaks out past the sell zone.
EURAUD has an area of accuulation from inside day. Has a buy signal within the day for a tighter stop loss on the breakout.
Every other currency pair with JPY has been running except AUDJPY. It seems to have formed a bull flag but also shows a falling wedge with sell zones that have been touched and now it has been sitting in a demand zone with indication of an accumulation of orders. Entering Buy stop above this short term accumulation with stop right below for a long term entry...
The S&P just popped out of a consolidation zone that lasted about a week. In using Fib retracement it bounced back from its recent low up to a 61.8% retracement to the ATH before pulling back. If drawing another retracement from the recent low point of the bigger move this pullback only reached a 61.8% retracement. Given that the bigger move is between 38.2%...
Swing trade to previous highs in ABT. inside candles show it's a battle to turn it around and a breakout from here will mean it's going to continue to the upside.
IBM has been on a run due to new of them providing Metaverse Intrastructure. This pullback just looks like a big profit taking break so the inside Day from Friday could be a sign of reversal. Looking to enter on the breakout and shoot for 3:1 reward but if it pauses at the top I will move stop loss up to 2:1.
Looking at FB moving down to bottom of Regression channel post earnings. Will go long if it touches.