break out of channels!when you can actually realize that channel we can find out that channel is broke but we know that if a channel breakout there can be another channel forming in the same direction until a big breakout brake the old channel.
Channel-breakdown
SPX500USD TRADE PLAYING OUT EXACTLY AS I PREDICATED LAST WEEK!Lovely break to the downside as I predicted last week.
1st target is 4263, then retrace to 4362.
2nd target is 4100.
Safe trading.
GBPCAD 1hr longIn this trade we can see many pattern breaks on the way up, think there will be a final push to reach the 1:3 target. The stop is on 20pips so chance of getting stopped out is higher.
RELIANCE - Symmetrical Triangle BreakoutExpecting a slight FALL....
Decreasing Volume & RSI also indicates a weakness in price strength.
Reliance flew after breaking it's Channel Resistance in the last 2 trading days.
BKX- Banks are strugglingBanks are raising the reserve lvl in anticipation of the rising loan default. Facing weaker loan demand, banks tightened standards across all categories of residential real estate (RRE) loans and across all three consumer loan categories. In addition, banks also tightened their standards and terms on commercial and industrial (C&I) loans to firms of all sizes.
Kansai Nerolac_short ideaBreakdown from the channel (with volume confirmation) , indicating more downfall;Sell:395, Target: 295, SL: 445
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
TRMB - short from current price to $32.57 & $40 May-18 Puts TRMB is just breaking down through support from a beautiful upward channel formation. Money flow is very negative, and it has massive insider selling.
We think it has very good downside potential. This would be a good stock short however, we would also consider $40 May-18 Puts.
* Trade Criteria *
Date First Found- December 13, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- May $40 puts
Exit Target Criteria-1st Target $32.57, 2nd Target $28.63
Stop Loss Criteria- $44.17 or $42.13
Indicator Notes- Moneyflow divergence
Special Note- Massive insider selling, big on % wise
Please check back for Trade updates. (Note: Trade update is little delayed here.)
ADUS- Support breakdown short from $31.63 to $25.17ADUS seems breaking down from an upward channel. Moneyflow going sharp down. Overall interesting short setup.
* Trade Criteria *
Date First Found- November 9, 2017
Pattern/Why- Support breakdown short, capturing the crash
Entry Target Criteria- wait for a break below $31.63 (hit November 14, 2017)
Exit Target Criteria- $25.17
Stop Loss Criteria- $34.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
NEO Trend AnalysisIf NEOUSDT continues to break through the bold upward channel, we will see a sell off toward the support zone. Ideally, the potential downward trend would reverse somewhere in the support and it would be a good time for going long. Conversely, if NEOUSDT breaks the red downward trendline and shows a large bullish candle somewhere along the bold upward channel, we will see a continuation of the upward trend. Each of the resistance levels will have to be broken before we see any strong bullish runs. However, if the all time high of ~$56 is broken along strong bullish movement, we could potentially see a new swing high of as much as $85. GOOD LUCK EVERYONE.
NEO Bearish Channel BrokenNEOUSDT has broken through the boundaries of its recent bearish channel. We notice the price finds support along the boldest line. We should expect to see more upward movement throughout the day in response to this breakout as long as the price is able to break the $42 resistance level. Neo has a lot of potential and I believe now would be a good time to enter for both short term and long term trading. GOOD LUCK EVERYONE!
CC - Upward channel breakdown short from $38.13 to $30.74 CC seems breaking down from longer term upward channel. It has a lot of insider selling, and P/E ratio of 72.33, where Debt to Equity is very high 10.06. We think it has good down-side potential.
* Trade Criteria *
Date First Found- June 6, 2017
Pattern/Why- Fallen angel pattern
Entry Target Criteria- Break of $38.13
Exit Target Criteria- $30.74
Stop Loss Criteria- $42.17
Please check back for Trade updates. (Note: Trade update is little delayed here.)
