Short it after it finishes gartley pattern at 73,59, u would open it earlier, around 70
FIL attempted to get out of its downward movement but failed and likely to continue in its lower range
we are looking at price creating internal liquidity, we are waiting to find .5 or .62 fib retracement to start selling. our TP1 is the base of the pattern and TP2 is a standard deviation.
FX:EURUSD Key Observations: Current Price: 1.06413 USD Significant Levels: Order Block (OB): 1.06413 USD Resistance: 1.05529628 USD Support: 1.06413 USD Technical Indicators: Volume Profile: High trading activity around 1.06413 USD Relative Strength Index (RSI): Currently around 46.95, suggesting neutral conditions MACD (Moving Average Convergence Divergence): Shows a bearish momentum with the MACD line crossing below the signal line Fibonacci Retracement Levels: 0.618: 1.05413264 USD 0.705: 1.05473090 USD 0.786: 1.05529628 USD Buy Strategy: Entry Point: Consider entering a buy position if the price retraces to the support level around 1.06413 USD or the lower Fibonacci levels (0.618 or 0.786). Confirmation: Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) and a bounce from the support level. Ensure the RSI is not in the overbought zone and the MACD shows a bullish crossover. Target: Set the target around the resistance level at 1.05529628 USD or higher Fibonacci levels. Stop Loss: Place a stop loss below the support level or the recent swing low. Sell Strategy: Entry Point: Consider entering a sell position if the price reaches the resistance level around 1.05529628 USD and shows signs of reversal. Confirmation: Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) and a rejection from the resistance level. Ensure the RSI is in the overbought zone and the MACD shows a bearish crossover. Target: Set the target around the support level at 1.06413 USD or lower Fibonacci levels. Stop Loss: Place a stop loss above the resistance level or the recent swing high. By following these strategies and confirmations, you can make informed decisions based on the observed chart patterns and technical indicators. Happy trading!
By Fibonacci rules we have corrected almost 68 % of the rise since November 14th already. If we can imagine a rise of the ADX from here we may assume that this rise can restart from here.
hi Traders JD stock looks bullish Beautiful higher low structure and now we had a successful breakout of the falling wedge formation. The price still may pull back to retest the previous downsloping resistance and confirm it as support, but it may just continue the uptrend without giving this pullback. 64 % gains to be made in the next few weeks. Good luck
XAUAUD - Gold (AUD) broken out of symmetrical triangle. Heading towards top aqua blue resistance line- approx $4,400 Shorter term resistance from previous recent $4,250-60 top.
Price is extra Bullish this week. We are now waiting for a pullback for entry to get in and continue the move. We shall sit on our hands until the killzone to allow price to show what it wants to do.
Time for it to move back out, once that green TL is tapped, theyll all pile back in. Wouldnt expect much more than 30% from here but itll be interesting to see the reaction at the limit this time round. Holding from 0.24
- Bullish Financials: Q3 showed a 77% YoY revenue growth and over 1000% increase in net profit, signaling robust financial health. - Product Expansion: New categories are driving up order rates and revenue per user, potentially increasing the stock's valuation. - Customer Engagement: High personalization rates suggest strong customer loyalty, likely reducing churn and supporting higher stock prices. - Balance Sheet Strength: No debt and a 70%+ increase in cash on hand offer a solid foundation for future growth or acquisitions, a positive for traders. - Brand Power: Recognized as a trusted health brand, potentially leading to a premium in stock pricing due to brand equity. - Unit Economics: Improving LTV/CAC ratios with new categories, akin to top SaaS companies, indicating sustainable growth and profitability. - Market Sentiment: Despite some volatility, there's optimism for continued growth, particularly in niche markets like ED and hair loss treatments, which could support a bullish outlook on the stock. Technical Insight: - Monitor for breakouts above recent resistance levels, potentially driven by continued operational success and market expansion. - Watch for volume spikes on positive news or earnings beats as indicators of strong buying interest. - Keep an eye on short interest; any squeeze could lead to rapid price appreciation. Risks to Consider: - Regulatory changes affecting compounded drugs. - Market competition from giants like Amazon in telehealth. Overall, the technical setup for HIMS might lean bullish if these fundamental strengths continue to be reflected in market performance.