EURUSD - Price managed to move up to the supply zone and I'm currently in the trade. Possible vs Probability. Price is currently in a bear flag moving to the downside. Price might move back to the upside to complete the M formation before moving to the downside. If price breaks our trendline to the downside there will be plenty of opportunities to enter the...
A potential breakout to the higher 1.36 levels are a possibility. We will have to see a clean breakout of the 1.35200 Resistance to spike us to the 1.36 levels. We are going to hit a Fibonacci Level regardless, so if price doesn’t hit the 61.80% Fib we can see it fall with the purple trend line to bounce off the 50% Fib level.
HFTs rarely trade a stock more than one day. ECPG has 2 days of HFT action moving the stock with strong momentum with high volume. Often VWAP orders from smaller funds will trigger after an HFT run day. The stock breached resistance but is at risk for professional traders taking profits. ECPG is an S&P 500 index component.
Shutout to all the mom's on this mother's day!
Let's get to it. EXCITING STUFF going on here. Although I didn't enter thinking that price was going to skyrocket the past day, we did have a successful long from last week that still brought in a hefty chunk of cash.
Taking a look at the chart today, BTC is HOT. after an exponential run in just 48...
Nice cypher pattern setting up, hoping to see a rally into first target at the .382 which lines up very nicely with the previous structure
X-A brings B point at .382
C leg completes at .127 extension from X-A leg
D leg for pattern completion at .786 drawing from X-C
.382 & .618 Targets found using C-D leg retracement
Reversal "Box" drawn around fib...