After the impressive movement we saw on Thursday, 23 May 2024, where prices hit our targets precisely, we might expect a more relaxed trading session on Friday, 24-May-2024. However, we should be ready for various scenarios. Hereβs our plan: Gap Up Opening Above 23000: If prices open above 23000, they might face resistance near 23059 and trade sideways. Above...
After the excitement in BANKNIFTY on Thursday, we expect a quieter session on Friday, 24-May-2024. Hereβs how to navigate different opening scenarios: Gap Up Opening Above 48850: If prices open above this level and sustain for the first hour, they can move up to 49000-49080. Below 48760: If prices can't sustain above 48850 and drop below 48760, expect sideways...
Adjusted for inflation, Bitcoin remains below its 2021 highs. This means that despite halving, despite the hype, despite the ETFs, Bitcoin has not made a new high in more than 3 years. This does NOT mean that BTC has topped. I still place a 75% probability that the current bull trend which started at the Nov 2022 low is only halfway done -- and that a move to...
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you. Good luck!
Intuit, the maker of tax filing software TurboTax, reported a rise in third-quarter revenue and raised its annual forecasts due to demand for its AI-powered financial products during a robust tax season. The company's tax-preparation software, personal finance portal Credit Karma, and accounting software QuickBooks are in high demand from small businesses and...
Fet looks bearish . i am looking for a short position here. no briefly explanation
New Alts - a Pattern Newly released alts all seem to follow the same pattern, at least for the first few weeks. From the frontpage chart, you'll notice a very interesting "fractal" if we can call it that. It goes something like this: π Opening Candle π₯ Top Out π Hard Drop β Re-enters opening price or goes under π Bottoms out (HERE IS WHERE YOU BUY) π Higher...
CNBC's Brian Kelly, a crypto investor and "Fast Money" trader, recently ignited a debate by suggesting Solana (SOL) could be the next cryptocurrency to get a spot exchange-traded fund (ETF) in the US. While this news might sound bullish for SOL, the decision to "go long" β meaning buying and holding for a price increase β requires careful consideration. Here's a...
dxy looks to be going down with technical analysis and fundamental analysis which signals bullish movement, demand to take at the liquidity line or support line, breakout to the upside signaling bullish direction, start of a new bullish trend, order book is balanced which give us the go ahead for bullish direction
Hi Traders, USDJPY broke the uptrend line and has formed a bearish divergence, if price breaks or close below support line at 156.885, you can take a short position at around 156.860 take profit at 156.510 and stop loss at around 157.190 Thanks, Happy trading
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Chewy has been pretty weak for a while now. It has a nice head and shoulders followed by a sell off earlier in the year. Currently bear flagging.
Congress Throws Weight Behind Spot Ethereum ETFs: SEC Approval on the Horizon? On May 22nd, 2024, a bipartisan group of US lawmakers sent a strong message to the Securities and Exchange Commission (SEC). In a letter, they urged the regulatory body to approve applications for spot Ethereum exchange-traded funds (ETFs). This move signifies a growing momentum in...
MCD appears to have broken down from a significant trendline going back to Feb '21. Potential target levels displayed by orange lines. Theoretically could retrace to as low as Feb lows.
Short-term downside reversal in a trading range formation
Campbell's looks primed for a pump for a variety of reasons Massive 336 day rounding bottom with rising momentum Golden Cross on daily chart Hit overbought during recovery Staples sector showing recent strength Moving into range where it previously gapped down, potential for sharp rise to top of the range Bullish flag since mid April Long...
Gold direction for bullish for next week. So you can find buy for next monday
Market Position: Affirm Holdings NASDAQ:AFRM is a leader in the rapidly growing buy now, pay later (BNPL) market, particularly popular among younger consumers. Strategic partnerships with major retailers like Amazon and Shopify distinguish Affirm from its competitors, positioning it to capture significant market share. Service Expansion: A recent expansion of...