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Rocket Companies Inc UpdateAs you all can see what I'm anticipating with RKT. A barrier formed at the high end of the curve which is pretty significant, and even if it's not "respected" it can serve as a great area to re-enter the markets. The highlighted area signifies potential profit margin if Price Action starts to head to the downside. However, even if that were to take place there's a HUGE order block nicely positioned down below waiting to be touched for the very 1st time... dare I say like a virgin. j/k I'm interested in $19.90 - $20.46 IF price reaches it! We all shall see..
NYSE:RKT
by ChrisJTradesFX
2
Rock Companies IncI should have published about this asset a day or so ago. I've actually been tracking it since it's inception, but I will say that there might be an opportunity presenting itself soon to invest at (or near) the opening price. I'll be paying attention to Price Action to leave the necessary clues needed for me to react. Yesterday's P.A. had breached a level ($20.31) and today it's below it so that opening price is starting to look even better to me. We shall see..
NYSE:RKT
by ChrisJTradesFX
6
DXYBe sure to go check out my last published idea on the Dollar! Okay, so Price Action broke through a huge zone but I'm not quite sure when that took place (go back and look for yaself). However, normally when price break through significant areas it has a tendency to revisit the area which was broken. I believe what we're currently witnessing with the Dollar is the retest phase. Considering a huge zone was broken, it may range for a bit once it reaches the area before taking off in it's new direction. But I will say that if price does continue to head further down then it's something waiting for it which could potentially shift it. This is the current range I'll be paying attention to since it correlates with the currency I track & trade. Let's see how this plays out.. P.S. There's a breach which indicates a precursor.
TVC:DXY
by ChrisJTradesFX
British Pound/US DollarIt's been awhile! Bias: Long-term - Bullish Short-term - Bearish Last week price broke through an important area ($1.2750 - $1.2813) that had started back on June 10, 2020. I'm anticipating bears to enter the market due to this along with last week's Daily candle closed as a 'Shooting Star" and other factors as well. Be sure to check the divergence from the Monthly (we're in a new month) then scale down to the Weekly to spot the barriers that can pose a potential threat to Price Action. There's significant movement on the H4 that I'll be paying close attention to going into this new trading week. I plan on executing once I see what I'm waiting on to form. I'll readjust in the event it doesn't play out according to my analyze. Happy Trading!
by ChrisJTradesFX
EUR/JPY - The Market Closed at historical Strong Support Level !Hello Traders! The EUR/JPY Currency Pair Closed at Historical Strong Support Level (since approx. 2013). The Weekly Chart shows a Down trend Channel ( Pink Color ). I predict that the price won't hit the supply trend line (Historical Strong Support level ) The Daily Chart shows a Down trend Channel ( Green Color ) inside the Parent Down Trend (Weekly Chart Pink Color). I predict that the price will breakout this trend. The 30 Minutes Chart shows a Up trend Channel in the historical support area ( White Color ) . Like if you Agree !! Comment your opinion.
Long
by Mostafajaffal
2
$HAS PUT SCALPS$HAS is half way thru an evening star pattern on the daily, and by the looks of the volume… seems it wants to keep falling, completing the pattern… Zooming in the 30M chart, $HAS closed on a red candlestick with plenty of volume to end the day, while also closing below the 8MA(green line) & 21MA(yellow line) AND near/testing on intraday support (refer to the 5M chart). MACD also just crossed down in the same 30M timeframe chart. If that's not convincing enough, there is a bearish h formation on the 15M chart, which i plan to ride the downside @ the continuation past the break of the h pattern.
NASDAQ:HAS
by NCEJ_LL
MAXR: $15 Short Target PotentialPrior to the Coronavirus pandemic, many people were bullish on MAXR and it recently had some negative correlation hits. That being said, now lots of the resistance seems to be gone and investors are wanting to bid positively on the price of MAXR. Please don't take what I say seriously, and as always all I say is on opinion basis and not meant to be taken as financial advice. That being said, I believe that realistically MAXR does have the potential for a $15 short target. A whole lot of weight is being put on it, given nobody fully yet knows if they are going to have a good earnings call.
MShort
by gamer456148
1
Dow Jones Index Mark UpToday we're analyzing the US30! Bias: Neutral I would like to start off by saying that I'm in the middle due to me leaning more bearish than bullish. Why? Price Action is rallying back towards the high end of the curve where an untouched HTFZ ($27325-$29594) is waiting, but on the other hand I'm bullish with P.A's current movement for obvious reasons. I would expect price to repel off the PPZ ($24561) only to find support underneath at the continuation zone ($23197-$23634) and from there to print new HLs & HHs. Confluence *Bull's Favor* (3 or more): 1. Interesting Price Action activity around the $18000 level. *Let me know what you think about this one* 2. Order Block formed ($20607-$25149) right before breaking above PPZ ($22127). 3. Price Action closed above Weekly 200MA. Significant. 4. Bullish Order Block formed ($23197-$23634) right below Weekly 200MA. Massive support. 5. 'V' shape return. *If unaware of this pattern be sure to research it* I'm more bullish IF there's a B.A.R. of the $29594 level, but if price manages to reach the Order Block at the high end of the curve then expect it to be there for a minute considering it's size. We shall see.
FX:US30
by ChrisJTradesFX
LINKETH Mark UpSince I track LINKBTC I figured it'll be a good idea to look into ETH due to it having more volume. I did a top-down analysis but only to the H4 chart. Let's look into this Crypto pair, track it and potentially make some successful moves from it. Although I do believe the bears are going to enter the market either this week or the following, I am overall bullish. It's important to build Confluence when considering to execute a trade so what I look for when compiling information is at the very least, three (3) or more signs as to why I should take a position. Let's begin! Bias: Bullish Confluence (at least 3): 1. Order Block at high end of the curve was breached. Precursor. 2. Strong bullish uptrend on multiple TFs. 3. Huge Order Block formed right above PPZ (0.01233874). 4. Counter TL was broken by price to head further up. 5. Hidden Divergence from Weekly's RSI is signaling for a bullish continuation. Like I stated up above, the bears are likely to enter before Price Action hit higher levels. Even though that zone was breached it can still tumble down, and that would be great if it did due to that nice profit margin that's waiting below. We shall see.
by ChrisJTradesFX