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How To Trade The W - V Pattern - ISRG SetupHello Traders, Here is an educational post about the W-V pattern. As of right now the W-V pattern is not fully formed and we are waiting for price to retrace to the neckline at $244 before we enter. The price target is technical resistance at $309, however you could exit half at the double top resistance near $275, then using a trailing stop the rest of the way up. Note: There is a high probability that price could trade down to $236 first to fill the gap and tag the 200 MA before reversing and trading to the upside. This is perfectly fine as far as long as the $236 level remains intact and price does not trade below it. Thanks everyone and best of luck!
NASDAQ:ISRGLong
by natef1
SPX - Will we close above or below this trendline today?SPX - Will we close above or below this trendline today? Lets go through yesterday CPI came out lower so US equities headed higher, DXY headed lower but now look where we are. Today we have FOMC - In my opinion we can't even close above it do we today we took back all move of CPI if we close below it I think we back within these ranges and perhaps bears gain further control. Will Powell be dovish or Hawkish - The way I see it we get coin flip - Santa or the grinch. Trade Journal
SP:SPX
by Trade_Journal
1
Bitcoin Day Trade Setups, Scalping Entries🖥️ We have determined there is a 65% chance Bitcoin will RISE from our current entry point. 📉 LONG - BTC : $17,810 📉 💵 Length of trade: we are expecting BTC to hit a $400 scalp, with a high end of $550 - minimum expectation $250. 🕰️ Duration of trade: we are expecting this to occur within a couple hours of market open Thursday. But we can see a fast spike up to 18k at anytime prior. 📊🖥️ INDICATOR SHOWN ON CHART : Scot Signal Indicator
Long
by VirlVideo
7
HD: RECTANGLE PATTERN AND FULL TECHNICAL ANALYSISHD ( HOME DEPOT ): Consumer Cyclical - Home Improvement Retail. Home Depot is included in the Down Jones Industrial Average. My technical analysis on the stock: The current downtrend took the stock 37% of its all time high of January 2022. On June 23, HD initiated a strong bounce to $333 off the $265 level. On August 17, HD initiated a huge drop back to 265, to bounce back again to the 330 zone where we currently are. The stock is currently down 22% off its all time high. Is this a buy? No one knows, but let's look at technical analysis to help us make a decision. As we see from the chart, the 265-269 zone is acting as a strong support while the 328-333 zone is acting as a strong resistance. All of the above has created a nice range in the shape of a rectangle. A rectangle is formed when the price is confined to moving between the two horizontal levels, creating a rectangle. The pattern can indicate a few things: - that the downtrend has paused and the stock is now consolidating before a continuation down. So back at the bottom of the rectangle and break down. - that the downtrend has stopped and we're looking at a change of trend. Kind of bottoming pattern. So basically it can keep ranging for a while and break to the upside OR break to the upside in the next few days. The rectangle ends when there is a breakout, and the price moves out of the rectangle. Considering the above there are several ways to trade it: 1. If you think the price will keep consolidating within the range, you can short the stock at the top of the range . Your target is the bottom of the rectangle, with a stop just above the rectangle. 2. if you have a more bullish view, you can wait for a breakout off the rectangle and go long the stock , with a stop below the top line of the rectangle. All targets are mentioned on the chart (blue lines). Rectangle ultimate target being $400. I'm leaning slightly bullish here because moving averages have started to rise, and I like the triple bottom, but who knows. Whatever your opinion is, best is to manage your risk. Trade safe.
NYSE:HD
by Elpidaldo
2
Are you ready for the CPI?Are you ready for the CPI? Forecast 7.3% - If it comes lower, it's good result you may get SPX climb higher. However think about how low it comes in or does it come in line or do we get opposite and comes out higher or in-line. Don't forget we have CPI today but we have FOMC tomorrow. I am going to be trading the two events separate taking my CPI trades off with a clean look for FOMC tomorrow as Powell could be Hawkish or Dovish - who knows? Don't forget to trade your own plan to become a consistent trader. Enjoy, Trade Journal
SP:SPX
by Trade_Journal
2
Bitcoin Scalp Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will RISE from our current entry point. 📉 LONG - BTC : $16,785 📉 💵 Length of trade: we are expecting BTC to hit a $185 scalp, with a high end of $300 - minimum expectation $125. 🕰️ Duration of trade: we are expecting this to occur near, or after U.S. Market close. Then we see this trade playing out till U.S. markets open Wednesday. The Bitcoin market seems to be moving slower than usual at the moment 📊🖥️ INDICATOR SHOWN ON CHART : Scot Signal Indicator
Long
by VirlVideo
7
Bitcoin Scalp Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will RISE from our current entry point. 📉 LONG - BTC : $16,965 📉 💵 Length of trade: we are expecting BTC to hit a 200 scalp, with a high end of $350 - minimum expectation $200. 🕰️ Duration of trade: we are expecting this to occur within 5 hours of this signal for the Min. Profit Target. Then we see this trade playing out till U.S. markets open Wednesday. 📊🖥️ INDICATOR SHOWN ON CHART : Scot Signal Indicator
Long
by VirlVideo
1
$EUR - Now we wait...$EUR - Now we wait... EUR we are within the ranges of Highs: 1.05190 Lows: 1.04375. We either re visits the higher high or we go to lower low areas of where are are. For now, we wait we are in a choppy condition its break to either levels. With US PPI tomorrow and then feds next week, I don't expect much movement compared to yesterday I will be on side-line until this is all confirmed and i'm looking for quick day trades in out as volume will start to dry up as its December. Don't forget to trade your own trade plan. Trade Journal
by Trade_Journal
FTM Possible CUP & HANDLEFTM High Risk Possible Trade Setup. Possible CUP & HANDLE pattern forming. The recent pump was with good volume. RSI & MACD has space to come down ( to make the handle ) and bounce back. Safest Long entry is IN CONFLUENCE with 200EMA on 4H timeframe. Also the IDEAL BREAKOUT TARGET is around the 200EMA of 1D timeframe. The STOP LOSS is kind of big cause of those big wicks. USE PROPER POSITION SIZING AND TAKE ENTRY IN PARTS if you are taking entry. Risk to Reward ratio: 8.78% vs 64% Non Financial advise. Trade at your own risk. Do your own reaserch.
FLong
by HopeTheory_