Rebound
Rebound Strategy Opportunity in GodrejCPThe stock seems fundamentally good. Got a 10 EMA cross over above 30 EMA a couple of days ago. Price entered the range in between and gave a bullish jump above 10 EMA.
The marked target seems easily achievable. May also hold on further until the 30 EMA breaks the price downwards.
ETHUSDTConfirmed bullish divergence on 4H timeframe. It is also important to note that there were wicks at weekly support (circled on the chart). This one is definitely a good shot.
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ADABTC - false breakoutPrecondition for the false breakout
If the price by an impulse flies near the level.
fall for a long time.
rebound from the mirror level.
do you agree with me?
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These ideas are not a channel with signals and I do not give recommendations on the entry/exit points.
In my reviews, I provide analytics - those data that help model potential options/scenarios for price movements
Thanks for your support!
Nordstrom is close to its all time support (back from 1985). ^^^Nordstrom's been hit really hard - and rightfully so. It's a department store in the era of specialized stores. As a sector, department stores are commodity brands with minimal appeal. That said, out of all the department stores, there's really only one store that has made a brand for itself - Nordstrom. Of all the stores out there, I believe it has the least chance of going under. The Nordstrom family in the past has tried to repurchase the company and take it private. At the time, their bid was too low. Today, any bid is almost a steal.
But.. look back at every major recession in our history. $JWN has hit this bottom support line. And what happens soon after that, a dramatic rise. The biggest difference between today and 2008, the last time JWN hit the support line is that in 2008, you could still physically go to the store + you had a need for dressing nicely. Today, most people are wearing lounge / comfort clothes, and even if they wanted to go out, most people can't or won't go indoors due to COVID-19.
You can assume that JWN has a high chance of going bankrupt.
You can also assume that if it doesn't (protect your downside), then based on history, it will climb.
Those who have still have any discretionary money available to them will be looking to spend as soon as they can - whether its due to COVID-19 fatigue or a COVID-19 vaccine.
The idea here is something similar to a strangle.
- Put options around $7.50 that expire before May of 2021. COVID will likely lock people in until spring of 2021. This is going to be the riskiest time for JWN - especially since they will likely lose a lot of holiday revenue.
- Call options around anywhere between $15-$30 that expire end of 2021. If JWN makes it past Spring of 2021, then they should be resilient enough to enjoy a return of customers (assuming there's not another massive event).
probable rebound in nasdaq/probale rebote...If there is an approval of a stimulus package next week, we could see the price break above 11,214. In addition to this we would have the confirmation of a "double bottom" pattern or in W. With this, it breaks the downtrend that had occurred last week ...//Si existiese la proxima semana una aprobacion de un paquete de estimulos, podriamos ver la ruptura del precio por sobre los 11.214. Ademas de esto tendriamos la confirmacion de un patron "doble suelo" o en W. Con esto, rompe la tendencia bajista que se habia dado la semana pasada...
$CAG reaching very intriguing levelsWhile the rest of the market tanks, look no further than the recovery plays provided by the financial sector and the consumer sector. Here we see $CAG satying on track to maintain this channel it's been trading in. CCI now reaching the oversold area, RSI to follow. Like this one to bounce and continue the upwards movement for a solid brands.
FKLI TRADING : 120) still short on rebound120 is the number and this is haidojo trading. downtrend is confirmed...short on rebound...fkli-aug hit the support 1560, slided a bit lower to 1547, then a rebound...the market is still bias to the downside...so short on rebound is a higher probability trade...
resistance : 1585- 1605 (the red colored rectangle)
support : 1547-1560
lower support : 1512-1520
advanced pattern bullish cypher pattern with D leg completion in the range of 1512-1520...SL could be set below 1500...
this is a counter-trend trade...so if you never tested this, stay away...
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USD/CHF. Midrem Outlook The weakening of the dollar against major currencies came as a reason for the pair's decline towards 0.92400. This is a strong resistance level, wich was established in 2018. The correction towards 0.93670 is likely. There is a chance that the dollar will begin to recover soon, and that would be the reason for USD/CHF to turn in the direction of the resistance level. This could happen next week.
Do not forget about Stop Loss!
Good Luck!
AUDUSD Short / Sell - Ranging Pair & Strong ReisistanceReasons I will look to take this trade
- Pair is ranging between shown price points with no clear bullish/bearish direction as of yet.
- Price has reacted violently to these price areas in the past, quickly reversing.
- Pair is overbought on 30 min / 1 hour / 4 hour timeframes.
- Tight stop loss / Good R:R (Risk:Reward Ratio) (1:3)
Entry : 0.69900
Stop Loss: 0.70070
TP: 0.69242
Please check against your own analysis BEFORE taking this trade and make sure you are happy to enter.
Open to any critique or advice :)
JPY/NZD: STRONG REBOUND?Hello traders!
Here my idea is to wait JPY/NZD to touch the support line and then go long until our defined target. Always remember to wait for a confirmation candle before placing the trade! Furthermore, the RSI is almost oversold!
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
Hertz - going against the crowd, buying the bloodHere we have a stock that exploded so hard in volume that it stood out among all others. Come to find out from further research they're going bankrupt. As they're attempting to sell stock, chairman Powell stops the trading on Hertz and on the same day he announced a shift that the fed is doing. They're switching from buying ETF's to buying corporate bonds/ supporting individual companies. We see this with the funding of Inovio. We're looking at a company that was completely affected by covid and they have a big role as a large company providing used cars to Carmax, Autonation and countless other dealers. Everyone thinks they will fail, this is the perfect opportunity for somebody to buyout the options, bring out the news, and buyout the stock causing a massive breakout.
I'm not a bullshiter so here is my position: imgur.com
minetec under pressure,What I see, it's strong to go up. but not study FA yet. I hope rebound to bullish, target take momentum at >0.24
S&P 500. Ready to Move Down.Ready to move down.
I want to make a reflection, we are in front of the worst crisis after 1929. And if you see the american Markets we are almost at the highs. What's wrong with the investors?
Here are the clues that tell us that the rebound has ended:
1)Well as you can see, the correction has consumed 5 waves.
2) Price has left the bullish channel.
3) Double Top 2.972.
4) Market overbuy.
5) Today break below 2941.
On the other hand we have:
1) Double Botton.
2) The price right now is in the long term canal(orange). Base is right now on 2880.
3) Price is moving sideways 2.971 - 2.777.
I think today we had had the first clue to see a move down in the market, the little break below 2941, normaly we should retest tomorrow or even after tomorrow, nothing wrong is the price don't restest the level. Remember Fear&Greed Index is almost newtral, so from my point of view the market is ready to move down.
The main scenario is bear market with a first target in 2.777, second in 2.577 and the third in the low of mars 2.187.
Remember sell in may and go away.
The alternative will be a break above 2.971.
Good Trading and Take Care out there.
VWAP Bounce analytics on BTCUSD using vwap and volumeVWAP Bounce analytics on BTCUSD using vwap and volume
eurjpy on an important levelhere is my eurjpy analysis.
this pair is on a very important level and we can play the rebound from 115.5 to get the 117.200 first.
be careful because we have been sellers on this pair for several weeks. If he comes to get the 115,400 ,then we can start a new sale.
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LINK/BTC - interesting is the first reaction to a levellevel since December 10
confirmed on January 17
The breakdown was on February 7
You should expect a reaction from the level.
The bounce potential is at least 1/3.
Friends, thanks for your likes and comments!
Good luck with trading!
EURUSD Possible Short Term Rebound/Retracement UpwardRemembered this chart from my older idea? No much changes from the technical point of view but things do change around beyond technical and I just want to tell my good folks that I am a guy who go with the follow. Kinda like trend following trader you can take but I don't mean the overall reversal of trend on this major pair but just the personality I got during trading. It will be a foolish word to just say overall trend reversal as things need time to fully confirm the actual fact and it's not right time to say a pure reversal or not but I can say for now bearish have been weakening and we can see a slight retracement around 38.20% Fibonacci retracement level at least. If better who knows 50% can also be possible but the price will need to break the weekly pivot point level plus breakout beyond the falling trendline (red). Thanks for reading my idea and I hope you enjoyed and if you think it added some value in your trading don't forget to support me by hitting a thumbs up button! (LIKE)
CADJPY Possible Rebound Upward!Lately, some news about China to start buying oil for state reserves sparked some volatility in loonie too. I guess the oil future will be going fine in coming further weeks so that might help this pair to rebound at some level. Stochastic pointing out the momentum in favour of bullish so far.
Apple At Dynamic Support (SMA 200)It's floating around the dynamic support (SMA 200) which can prolly hold price falling from further lower if overall market index showing positive sentiment. Stochastic supporting the bullish momentum. Knowing that China is open for business more than two months after imposing quarantines to counter the coronavirus, China is getting back to work. With new infections dwindling, factories are restarting, stores are reopening, and people are venturing outdoors. In some ways, China is where the U.S. and Europe hope to be within weeks or months.
S&P/ASX 200 Possible Bullish MovementHigher timeframe charts show the momentum supporting for the uptrend and overall market seems for now bullish. Stock markets doing well around globally at the starting day of the week. This might be something to do with cheaper fiat currencies around the globe making it easier to spend cash on buying stocks.
