SQ Short Opportunity NYSE:SQ
SQ was trading above a regression channel that has been in place since the beginning of April. If it can break these next key support level, which happens to be Square’s previous all time high, then I see it going down to 92. This is a special support as it marks the bottom of the regression channel, a previous strong resistance level, and a potential gap fill.
Regression
EUR/JPY Technical Analysis.Currently, EUR/JPY is trading at 119.58. The pair started a new down trend on 8th June and after giving the exit signal on regression trend by breaking the support level, it consolidated between the resistance and support levels. After breaking the support level and neck line at 120.68, the pair continued the down trend, its first target price for the down trend will be at 119.31 and the second target price will be at 118.47.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
Could be seeing short term gains in CCL, regression projectionWatch for support and resistance levels. The regression level suggests a general market uptrend. Cruise ports reopening in the future will eventually raise stock anyway if it does not go bankrupt. Watch for a trend reversal at support to see if you should sell there to avoid this. CCL has survived many recessions prior.
**Bitcoin Halving Day! Reward reduced from 12.5 to 6.25 BTC*****Look at that beautiful logarithmic scale and regression, that stunning Stock to Flow ratio. The 200 day moving average is so captivating! Math just doesn't get better than this!***
Bitcoin is solidly back within the bands and the mining reward is being reduced from 12.5 to 6.25 BTC today!
Such a delightful graph! Can I get an "AMEN"!
Short Opportunity on Agilent Technologies, Inc. (A)Pretty apparent squeeze along the top trend line and hopeful looks to plummet back to parallel regression channel coming within the next couple weeks. Would maybe wait for some additional confirmation along the top trend line but take a look for yourself and watch this unfold!
Lupin: Will the fundamental heat in pharma continue? Pharma sector constituents are under good traction, whether they are directly racing to find the cure for COVID-19 or just acting as an ancillary medium to main players.
Technically, Lupin in particular, after getting out of a constricted regression channel, is in a bull drive with a healthy flag and now halted at a pennant. Here, Volumes are imbalanced both in positive and negative ends. Hence, an gaining a balance towards one end is likely to either continue the trend or reverse the momentum.
Point to note here is that the zone between the extended continuation resistance and the demand zone plotted should be considered a no-trade area as it is acting as the current mean and momentum can only be triggered beyond this value area.
Briz Trololo Lines Logarithmic Regression - Bitcoin Halvings Using logarithmic (non-linear) regression curve Trololo Lines to forecast the BTC (BLX 1D) price range, and it's trend within the range - based on previous trends influenced by the halving every four years.
Not as exciting as Stock-to-Flow models, but pretty close up until 2023 when Stock-to-Flow launches from 100k in 2023 towards 1 million in 2025 (not shown) - Trololo Lines say otherwise.
If BTC price bust 100K by 2021 and stay above it, then I may negate the Trololo Lines - but until then, this chart will be my guide (NFA).
BTC In Middle of 3 Trend LinesLong Term Busy Chart, that I have published before...keep adding to it, Look at regression trend lines crossing and where BTC is Right Now! Expand and Zoom In...Look at Fib from 10500 down to 3850. BTC Passed the 23 stopped at 32 ...all 3 trend lines converge...might back test the 23 before attempting to 50...Lots of VPBR at the 50 retracement, Grab Every Satoshi You Can , As Soon As You Can, That's The Plan...
USDSGD LONG POSSIBLY AT A BOUNCE POINT
WE MAY FOUND SOME SUPPORT
SELLING THIS PAIR IS ALSO THE OPTION AS IF OUR ENTRY TO GO LONG FAILS TO SUPPORT WE WILL HAVE A CHANCE TO SHORT THIS PAIR TO THE NEXT LEVEL OF SUPPORT BEFORE TAKING THIS PAIR TO THE UPSIDE
THIS IS AN EITHER OR SITUATION WE CAN EITHER SELL THIS PAIR IF OUR ENTRY FAILS OR WE CAN EITHER BUY THIS PAIR AFTER OUR MARKET GIVES US CONFIRMATION THAT OUR SUPPORT LEVEL ENTRY ONE IS IDENTIFIED
Reversion To The MeanI have used the Regression Tool available on TradingView, to plot the SPX Monthly Chart going back to 2009.
What I observed is that on 2 occasions, (points which are marked with arrows as A and B), the SPX went above the Upper Limit and then immediately fell back to within the channel.
At Point A, it returned back to the Median and then followed a gradual upward path towards Point B, whereupon, the SPX Monthly then fell sharply back to the Median and continued to fall to below the edge of the Lower Limit.
Event A took place in the month of Jan 2018 and Event B subsequently worked itself out in the month of September 2018.
The SPX Monthly is now again back up and beyond the Upper Limit of the Regression Zone and, if; history repeats itself, then the odds are high that it will exercise Reversion to The Mean again on this 3rd occurrence.
I link into a previous post , (about Chart Patterns that tend not to fill) and am of the opinion that 3102 on the SPX will be the Maximum Floor towards which the SPX will revert back to.
This is still very much a powerful Bull Market and the Top Is Not In, and may not even be in till perhaps closer to 4000+ (as the Market nears the results of the US Presidential Elections of 2020 in November).
Gold- Time for it to go back into its channelXAU/USD
De-escalation in the Middle East should result in a reset.
We see from the charts that the rally has caused a long rally wick that the market will eventually fill in.
As long as no further escalation in the Middle East, I see this heading back into its daily channel.
I’m looking at 1490-1480 by end of next week, and 1400 after that.
Good luck traders.