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$RBLX - Continuation of Stage 4?Dear all, In a weak market, I look for stage 4 breakouts and continuation pattersn (based on the famous Stan Weinstein). I try to look for bear flags that fall together with downsloping 50 day sma (or at least very close, a few %s). Roblox had a gap down 15dec on big volume, price is now trying to fill the gap. While it is trying to fill the gap it is forming a potential bearish flag. If the gap is filled, price would coincide with the decling 50dma, AVWAP from recent high and the downtrending resistance line (since august). When this point is reached (and only when), and price is resisted at the 50dma or breaks the flag, this could be a good entry for buyings some puts (3 months out). Possible stoploss could be the long term downtrending resistance line or 50dma. Things to consider for a stage 4: - weak overall market :check - declining 30 week Ma :check - declining 10 week Ma :check - 10 w underneath 30w :check - Loss of trendline :TBA Extra reasons for stage 4 decline: - Big volume on down days - Gap downs - Resistance of AVWAP of important dates
NYSE:RBLXShort
by UnknownUnicorn7024067
CCJ - possible stage 4 incomingDear all, Another name that is probably setting up for stage 4 in the energy sector, this time a uranium name: $CCJ. After consolidating a stage 3 for almost a year and forming, kind of a sloping head and shoulder pattern and loss of the longer term trendline this week, it is time for a stage 4 decline. Things to consider for a stage 4: - declining 30 week Ma :check - declining 10 week Ma :check - 10 w underneath 30w :check - Loss of trendline :check Extra reasons for stage 4 decline: - Big volume on down days :check - Gap downs - Resistance of AVWAP of important dates (big volume days 1 feb 21, last high and low) The price is now trying to reach back the broken trendline, but is unable to break through. The trendline is now also confluencing with an AVWAP. Next week the 10w sma is at the same spot and also the downtrending trendline from last high. This will be a very tough spot to break, so a high probability the price will move downwards. I entered last week with a few puts, three months out. Stop loss i would suggest is the break of before mentioned resistances ca. 23-23,5 Good luck and have a good year!
NYSE:CCJShort
by UnknownUnicorn7024067
1
Circular Decomposition of Harmonic Pattern & 3:1 Long of CD LegThe long position in XRP is merely incidental. The emphasis is on using clean line work to discover areas where price is more likely to reverse. In this example, which includes a bearish harmonic pattern , decreasing volatility is visible to the naked eye, even without the compression of the MA ribbon or the decreasing ATR. Some unusual arrangement of pitchforks suggests that a lower time frame trend is breaking out and may retest diagonal support. If this occurs, a long entry presents itself, which would complete the CD Leg of the pattern and set up a Short at the D point. Trading the CD Leg is NOT recommended because it often fails the test that comes at this level; the pattern is NOT considered confirmed until reaching point D. The incidental long shown here AWAITS the resolution of the test, as suggested by the S-Curve. Fibonacci ratios are used not only to establish a potential action space for longer range forecasts but also to measure a profit target at point D, on the 1h chart. Although less obvious, but they are used also to estimate Trend Exhaustion (diagonals) and, hence, time. In addition to more common elements of a Volume Spread Analysis, a series of overlapping VWAPs interacts with the action space implied by the Fibonacci ratios to reveal what might be described as the "grain" in the price history. Of especial importance is how certain VWAPs anchored to real-world events (as opposed to swing highs and lows, or opening bells) predict otherwise invisible volatility when either price or other VWAPs cross them.
BINANCE:XRPUSDLong
by TheLeadingIndicator
2
FX - CAD/CHF - GANN FANs Chart !! LONGHello trader, Nice Week and profitable deals 💲 CAD/CHF 8H Chart 🗝 In this chart we can see 2 gann fans and 1Cloud ☁ Fibretracement 🌊 and MA 200 that gives the bull power, MA50 and 🔑AVWAP Momentum what the direction shows us up 📈👀 and rsi, with divergences up 💹 Brief explanation of the Gann fann 👀 The lines act as support and resistance, everything under the red area is considered bears‼ SL, TP is visible in the chart 🗝🗓 I would like to mention that all i post are just options and my own opinion! Always Trade With Sl, And Not Risk More than 1% of your portfolio (max 3%) by trade. If you have any questions, let me know ➡️If you like my posts smash the Like Fur, Comment or Follow me.⬅️ Thanks for reading my ideas, Trade save !!
Long
by TR7z
SPY gap down intraday analysis and possible scenarios.SPY sellers have been in control since March 29, and today finally hammered the SPY down below a significant support daily chart support level - finding support at the AVWAP drawn off of the March 15th Fed rate hike. I believe the support level that was gapped below today will be tested as resistance in the near future. If it fails off of that support level, I'd expect the SPY to go down and test support at the AVWAP drawn off of the beginning 2021.
AMEX:SPYShort
0
by dylanmojo
2
$PENN Weekly swing ideaPenn on the weekly pretty bullish set up from a technical perspective for a swing trade going into EOY. Nice base forming with a weekly close at the 21EMA, however strong resistance zone $84-86 . Want to see a break of this, followed by possible retest similar to DEC 20 price action before continuing to the upside. Failed break of resistance zone invalidates trade and look for a move back down to $70 Momo has my bias to the upside given overall market stays in line.
NASDAQ:PENNLong
by FriscoTrades
1
Aftermath of the Powerful BTC Move from 53k to 42kBTC's move is powerful with a lot of volume. Though we got a decent reaction this is not bullish in my eyes. We've swept all the lows highlighted in green. Moving like a boss GP to GP. Looking for a move to the confluence of resistance at 49k. After that we can evaluate how the strength in the market is, if monthly open can then hold it would be bullish potentially to consolidate higher, in terms of healthy structure to me it makes sense for us to get another leg down and test the AVWAP band from the lower consolidation. Ideally price should hold 44k if we are to get a test for that in the near term though i think 46k should hold.(edited)
INDEX:BTCUSD
by SubvertoTradingClub