ROCKET COMPANIES 
RKT - Mar. 5th, 2024
BUY/LONG ZONE (GREEN): $12.35 - $14.20
DO NOT TRADE/DNT ZONE (WHITE): $11.75 - $12.35
SELL/SHORT ZONE (RED): $10.20 - $11.75
WEEKLY: Bullish
DAILY: Bullish
4H: Bullish
Bit messy today but hoping this provides more insight and support into how I've been following price movement.
Labeled previous bullish trends letters A-E.
Labeled previous bearish trends letters F-I.
Previous bullish trend and bearish trend beginnings are labeled with arrows.
Last week we saw price go from a DNT zone into a bullish trend on the weekly timeframes after breaking above level $11.75 and zone top level $12.35. Currently seeing rejection of level $12.80 down to the previous zone (top level $12.35; bottom level $12.20). Despite the test and the two red days the bullish trend is still holding, but it should be noted the 4H has wicked into a new low.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
RKT - Mar. 5th, 2024BUY/LONG ZONE (GREEN): $12.35 - $14.20
DO NOT TRADE/DNT ZONE (WHITE): $11.75 - $12.35
SELL/SHORT ZONE (RED): $10.20 - $11.75
WEEKLY: Bullish
DAILY: Bullish
4H: Bullish
Bit messy today but hoping this provides more insight and support into how I've been following price movement.
Labeled previous bullish trends letters A-E.
Labeled previous bearish trends letters F-I.
Previous bullish trend and bearish trend beginnings are labeled with arrows.
Last week we saw price go from a DNT zone into a bullish trend on the weekly timeframes after breaking above level $11.75 and zone top level $12.35. Currently seeing rejection of level $12.80 down to the previous zone (top level $12.35; bottom level $12.20). Despite the test and the two red days the bullish trend is still holding, but it should be noted the 4H has wicked into a new low.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Trade closed: target reached
RKT broke above the top of the bullish zone at $14.20. I will be looking into creating a new analysis as price continues to move and create new structure.Note
NEW IDEA
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
discord.gg/Cm6fXcbw4h
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
discord.gg/Cm6fXcbw4h
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.