EURUSD - 4H BUY ENTRY IDEAWaiting for the price to break the previous HH to confirm the trend reversal.
Until we have confirmation for the ascending trend I think the market will give us the oportunitiy to enter in a long position.
1. Wait for the price to reach below 78.6 FIB level
2. Look for the first bullish candle
3. Open long position with SL below 88.6 FIB level with 10 pips and a min. RR 1:4
Good luck!
Buysignal
Is $CPRX ready to break out of its cup and handle?Notes:
* Strong up trend
* Okay earnings track record
* Basing for the past ~8 weeks
* Pulled back to its 10 week line and managed to hold it as support creating a cup and handle pattern
* Printed a pocket pivot near its 50 day line offering an early entry and indicating institutional demand
Technicals:
Sector: Healthcare - Biotechnology
Relative Strength vs. Sector: 23.86
Relative Strength vs. SP500: 4.28
U/D Ratio: 1.21
Base Depth: 45.07%
Distance from breakout buy point: -18.82%
Volume 14.75% above its 15 day avg.
Trade Idea:
* You can enter now as the price is rising with higher than average volume off of its 50 EMA
* Another reason for entering would be that it printed a pocket pivot
* If you want to play it a bit safe you can wait for a break out of the indicated channel and the 14.3 area since that may serve as immediate resistance
ETHUSDTHi guys
It looks like Ethereum is ready to start an uptrend, doesn't it?
The price range is maintained at $1178.13. Pay attention to Qazmer Zang's flash. On the other hand, we have Gartley's harmonic pattern, which can be attractive by maintaining the support range!
If the descending channel is broken upwards, there is a high probability of forming an upward trend similar to the scenario.
Keep in mind that if we lose the support range, this mindset will be weakened!
What do you think?
EMini /ES Futures Spooky Long setupFellow traders,
If the full moon tonight excites the animal within - I propose taking a look at the S&P500 daily chart... (although this is a 2hr chart for detail ;) Full bullish structure, a balance day after Friday's strong push. MA's are strong and previous price structure resembles a possible strong move to 4000
This entry isn't prime quality - I would like to enter cheaper, in fact I may just wait for 3820, but price action doesn't look like it will allow it and I get a hunch we may move higher quickly. My confidence in the up move this week outweighs hesitation.
Lets not forget the ghastly Fed meeting on Wednesday. Any shift in the Fed's ominous tone on the plan to increase interest rates in the future could create a lot of supernatural buying pressure - in fact that is what the charts are resonating to me.
If it's a treat I'm in. I'll comment if I raise the order in the morning. The plan will be to leave it valid for 2 days, I'm sure we will get a quick flash lower to that level.. *nod to zombie news traders finding liquidity lower before the blast higher.
Happy Halloween 2022! Trick-er-treat ES, you got Reeses Cups or Candy Corn?
Is $PRCT ready to move higher from here?Notes:
* Steady up trend in a bear market
* Nice earnings for the past to quarters
* Recent IPO
* Looking to break above its IPO base
* Printed a pocket pivot, indicating institutional buying
* Offering an early entry relative to its 50 day line
* Sitting just above a pivotal level of 43.9 and holding it as support for the past several sessions
* IPO base resistance comes in around 47.7
Technicals:
Sector: Healthcare - Medical Devices
Relative Strength vs. Sector: 15.62
Relative Strength vs. SP500: 4.68
U/D Ratio: 1.1
Base Depth: 182.59%
Distance from breakout buy point: -4.82%
Volume 54.55% above its 15 day avg.
Trade Idea:
* You can enter now as the volume and price are indicating of it moving higher from here.
* If you want to be a bit more safe, you can wait till after earnings
BTCUSDT range zone breakout to the upside and heavy pump aheadAs we can see price is bounded here with the range zone but soon resistance will break and a heavy pump to the upside after that is expected.
targets and resistances are also mentioned on the chart.
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Pharma Alert.! Another rally or Trap.?NSE:CNXPHARMA
According to my analysis this breakout in the nifty pharma sector can give a rally upto 11% in coming months which will overall help the pharma stocks to boost and bring back them in this market where evryone is underestimating the power of pharma sector in the long run. but this is how ever a short term view on the pharma sector. what is the mid term view on pharma sector?, it shows me that higher levels will be tested and there can be a fall in the name of recession period to the level of 7000's. all the best i hope it was helpfull.
AAPL: Time to buy!Today, AAPL just released its newest Q3 earnings report, beating both expectations for earnings and revenue. The company reported 1.29 earnings per share, compared to the prediction of 1.269 by analysts, and reported 90.14 Bil of revenue, beating expectations of 88.74 Bil. Although there was less growth in IPhone sales, all other aspects of the company look quite optimistic. In the face of a wave of earnings compression, Apple is doing surprising well. Now, I consider myself to be an investor and not a trader, but in order to fine-tune my entry, technicals are needed. As Apple's stock price just hit support at ~$145, boosted by positive earnings, we could see a buying wave in the next few months or so.
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