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How to trade a temporary pullback and a breakout gap? How to trade a temporary pullback and a breakout gap? Some security will make a temporary pullback before making a new high with a breakout gap. How to trade a temporary pullback? A trader may be bearish during the temporary pullback formation. A trader may consider going short during this pattern formation or the trader may consider waiting to avoid losses during the price drop. How to trade a breakout gap? A trader may be bullish when a bottom is identified. A trader may consider accumulating shares in anticipation of a breakout. What are some of the reasons one may fail to trade this pattern? Correct identification of the chart pattern is essential to trade this pattern. Not all stocks will pullback before a breakout to a new high. Possibly misidentification of a trend change as a pullback. Possibly a temporary bottom was identified, but the downtrend continued and changed the pattern. Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
NASDAQ:NFLXEducation
by GreenfieldAnalysis
1
A new high above $541.39 is possible for Netflix Inc NFLXA new high above $541.39 is possible for Netflix Inc NFLX Business Overview Netflix Inc with symbol NFLX operates a subscription streaming entertainment service. Upcoming Earnings Report January 19, 2021, for the period ending December 2020 Chart Reading Netflix Inc with symbol NFLX has been trading in a narrow range since Jul 10, 2020, between the low price of $468.29 and a high price of $541.39. Recently, the price has been advancing slowly on the 8 hours chart. Currently, the stock price is $540.73 as of market closed on December 31, 2020. The price pattern has been ascending slowly almost unnoticeable. Volume recently has been in the average range of around 5,008,303 according to Yahoo Finance as of market close on December 31, 2020. The current average volume is much lower compared to the initial average volume at the beginning of the year 2020. Macd is a trend following indicator and has been trending higher and remained above the signal line. In addition, the Stochastic indicator is an oscillator indicator and has been above the 53.48 level. The Stochastic indicator has been retesting the 80 levels since the beginning of December 2020. That usually means the security is overbought, but in this case, I think this stock is going to break out soon to a new high and this indicator will stay in the range of 80. Market Opinion I am 70% bullish and 30% bearish. I think the symbol NFLX Netflix potentially can break above the current high price of $541.39 to a new high soon. However, the price may retest the low price range of around $468.29 before making a new high. If the stock cannot maintain the price of $468.29, then the price may be hit a possible low of $375.61. Some thoughts on Portfolio Management Strategy & Risk Management For long traders waiting for an opportunity to enter this stock, it is expensive to enter at the current market price of $541.39. Instead, a better entry price is around $468.29 if NFLX Netflix truly bottoms around that price. Make sure there is a true bottom signal before entering this stock if you are a long trader waiting for an opportunity to enter. Current long traders holding this security at around a price of $541.39 should be careful of a potential pullback to $468.29. Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Chart interpreted by Greenfield. Just a market opinion by Greenfield Analysis LLC for educational purposes only. This is not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment. Investment at your own risk.
NASDAQ:NFLXLong
by GreenfieldAnalysis
2
Bitcoin - Breakout 1 vs 2 (current) - Approx. 386,000 USD targetBreakout 1 took 17 3M bars from start to finish, with an eventual increase of roughly 1600%. If Breakout 2 does similarly (17 3M bars and eventual roughly 1600% increase), price would also "coincidentally" top out close to Fib level 2.618, which is accompanied by a price of roughly 386,000 USD. In a few days at December-end, we will start 3M bar 14 of 17. Finally, 3M RSI should top out above 98 but then close near 98 in 3M bar 17. I am trying not to get caught up in the weekly or even monthly swings at this point, as both the technicals and fundamentals (long story in itself) support a price near 386,000 USD, and we seemingly have the momentum to reach that approximate level in just a few more quarters. Cheers
BITSTAMP:BTCUSDLong
by PivotPoints
2
XAUUSD BUY: No way to The DownsideHello traders! There is no way to the the downside for Gold. Its next TARGET is 1940 which is ALL TIME HIGH and we will not miss this trade. This will be another 500+ pips target in this month. At the end of last month I gave you Buy signal from 1748 to Target 1801 which end in 500+ pips. We are up 750 pips in this month. According to the movement of gold i think it can hit the Target in this Month. But I am not good at predicting the TIME But i am excellent in Deriving the Target. Thanks to my strategy Every month is in profit now. I wish i would have figured out this strategy Early. Gold performance May ends in 1000 pips profit june ends in 1100 pips profit July up 750 pips Hit the Like button If you Like my analysis and making money from it. I am posting it to Make money Not for Fun Because its real money making strategy. I will also start telegram channel soon and you all will be Millionaires. We will kill the Brokers monopoly with the Help of My strategy.
FX:XAUUSDLong
by Aadil1000x
13
STRAT/USDT - LONG - POTENTIAL 20%+++Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile PAIR: STRAT/USDT T/F: 1HR LENGTH: MEDIUM/LONG ENTRY: 5089 TP1: 5404 TP2: Keep open SL: 4667 NOTES: - Could be quite exciting trade here, if support holds and TP1 Breaks then it there it it is in new High's of coin since Binance launch of coin. - Broken back through support in S/R flip zone - Healthy RSI - Pullback sitting on strong support - Strong Uptrend KEY: SHORT = < 7 DAYS MEDIUM = < 1 MONTH lONG = > 1 MONTH ***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's*** Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
SLong
by Kryptochristian
SP500 on the break of the recent highs ? 🦐Following the nasdaq that created the historical new highs, The sp500 also is pushing up. The market is testing the recent highs few times and if there will be a break above the structure we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
OANDA:SPX500USDLong
by InkyGrip
BNT/USDT - LONG - POTENTIAL 25%+++ ***NEW HIGH***Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile PAIR: COS/USDT T/F: 1 HOUR LENGTH: MEDIUM RISK - LOW ENTRY:1.5324 TP1: 1.6596 TP2: KEEP OPEN AND FOLLOW STOP LOSSES ON PULLBACKS OR BITCOIN TURNS BEARISH SL: 1.4513 NOTES: - RSI HAS A LOT OF ROOM TO GIVE - BREAKOUT > PULLBACK > SUPPORT - UPTREND - SUPPORT BREAKUP - EXCITING POTENTIAL AS NO UPPER RESISTANCE AFTER TP1...AT ALL KEY: LENGTH: SHORT = 1-2 DAYS MEDIUM = LESS THAN 1 WEEK LONG = > LESS THAN 1 MONTH INVEST = MORE THAN 1 MONTH RISK: LOW = EG. STRONG SUPPORT // MULTIPLE BOUNCES // STRONG UPTREND // OVERSOLD // BREAKOUT > PULLBACK > SUPPORT // REJECTION CANDLES MEDIUM = EG. BROKEN SUPPORT // TREND REVERSAL // CONSOLIDATION HIGH = EG. NOT FULLY BROKEN SUPPORT // OVERBOUGHT // OVERLY MATURE UPTREND ***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's*** Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
Long
by Kryptochristian
RLC/USDT - LONG - POTENTIAL 24% - ALL TIME HIGH???PAIR: RLC / USDT T/F: 1HR LENGTH: MEDIUM/LONG ENTRY: 7295 TP1: 7514 TP2: 7972 TP3: 9022 S/L: 6848 NOTES: - Sitting on support - Oversold on RSI Deviation - Warning could breakdown hard based on historical movement - Breakout to pullback - Strong Uptrend - Minimal resistance above, could see a new all time high Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile. Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
Long
by Kryptochristian
3
KAVA/USDT - LONG - POTENTIAL 14+%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile PAIR: KAVA/USDT T/F: 1HR LENGTH: MEDIUM ENTRY: 1.2800 TP1: 1.3043 TP2: 1.3570 TP3: 1.3939 TP4: 1.4673 SL: 1.1843 NOTES: - Pullback sitting on support - Minimal upwards resistance - If support holds then it should continue uptrend - Uptrend - S/R Potential Flip - Potential new all time high, ***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's*** Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
Long
by Kryptochristian
CHGG - BREAKOUT / NEW HIGHSChegg, Inc. operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them pass their test, pass their class, and save money on required materials. Strong fundamentals showing increasing earnings for the past quarters above +40%, revenues accelerating +35% consistently for the past quarters, with margins expanding and positive earnings revisions for 2021. One of the stronger stocks on my watchlist of companies whose earnings are growing not despite of the pandemic but because of it. Stock already broke out from a pattern resistance last week with accelerating volume and an entry position for potential range expansion is shown on the chart. Expectation is for price to continue its trend up from an early stage breakout with above average volume and find support on it's 10-day EMA on pullbacks.
NYSE:CHGGLong
by TradingMavericks