DesireToTrade

DesireToTrade

After an incredible surge of 370%, the price took a downturn over the subsequent 123 days, resulting in a loss of 65% from the earlier gains. However, in late May, there was a break out from this down trend, hinting at the start of a new cycle. Wave 1 of the new cycle took place June 11th to June 27th with a price increase of 61%. Wave 2 of the new cycle appears...

DesireToTrade

Following a decline of 91%, COVAL finally broke out of the downtrend with it's first higher high on August 14th. The retracement lasted until October 2nd where it formed a new higher high on the daily chart. After the RSI hit overbought territory, the price continued to retrace until it hit the .786 fib and bounced. Positive reversal signs can be seen on the 1HR,...

DesireToTrade Updated 

NASDAQ has formed a higher low on the 1W chart and formed a bullish divergence on ADP. RSI has passed 20 and is trending upwards

DesireToTrade

Ignore your favorite influencer that tells you that the stock market is rebounding and this could be your last chance to buy cheap. Interest rates will continue to rise as inflation still runs well above the Fed's 2% goal. In a famous paper from the previous Fed chair Bernake, he found that tech stocks behave the most volatile during rate adjustments and stock...

DesireToTrade

After bottoming out on March 8th, JASMY finally showed signs of life and began a rebound. JASMY continued to complete a five wave cycle reaching a new local high on March 23rd Price bounced off the .618 fib level at 0.0172 on April 15th, formed a double bottom on April 17th (4H chart) and bounced to the .382 Fib level where price formed a new local high on April...

DesireToTrade

Fundamentals: From Feb. 2016 to Nov. 2020, BABA increased over 400%. The e-commerce giant Alibaba increasingly grew until it was hindered by changing regulations and laws. Primarily Beijing’s anti-monopoly regulations and the Holding Foreign Companies Accountable Act (HFCAA). On November 11th, 2020: Beijing announced anti-monopoly regulations, sparking a sell...

DesireToTrade

After completing the 5 wave cycle from Nov 23rd to March 1st. Retracement waves A and B have been completed. It's likely that this will finish the C wave at the .618 Fib $58.81 .618 Fib hit on the 4H timeframe after the Bollinger bands and ADP hit oversold territory 4H Positive Divergences: Hist, RSI, MOM, MFI. Wait for MACD to flip positive with increased...

DesireToTrade

Follow up on my prior TSLA post on Feb 7th My buy condition of a daily confirmation above $936 was never met and the downside target of $767 (.618 fib) was hit. After bouncing off the lower channel at $764, TSLA has now broken above the channel. 3D MACD flipped positive on March 22nd with increasing buying pressure from March 14th-March 22nd. However, price has...

DesireToTrade Updated 

Broadening top formation Hist, RSI, Stoch, OBV, CMF, MFI Bearish divergences on the weekly line chart, RSI is at 74 I expect further downside. However, this trade setup will depend entirely on the Russia and Ukraine situation. If the situation escalates, oil will go higher. Expect the opposite with deescalation Enter Short around $90. Stop at $92.50 TP - $71

DesireToTrade Updated 

AMC is resting on the .382 Fib after completing an ABC retrace PSAR flipped positive for the May 21st (excluding retrace waves) 1 Day: -Triple bottom -Bearish Divergences: HIST, RSI & CCI (expect minor retrace) -Increasing volume 3 Day: -Higher Low -Positive PSAR 1 Week: -Positive Divergences: MACD, VWMACD, CMF Earnings are on March 3rd - Spider Man No Way's...

DesireToTrade Updated 

Higher low formed on the 1D Distribution bottomed and accumulation is rising and currently at 40 PSAR flipped positive on Feb 18th Wait for MACD to flip positive before buying in TP: Rebound to .618 Fib (from the Jan 13th Retracement) at 21.79 SL at last low: $17.5

DesireToTrade

Due to increased inflation, it is expected that there will be a total of 7 interest rate hikes in the coming year (25 basis points each) to a total rate of 1.5% (last time rates were at this level was in the pre-pandemic 2019) The first of which will be announced on Tuesday, March 15th - The Federal Reserve is expected to increase rates by 25 basis points....

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1D - PSAR Flipped Negative 1D - Decreased sell volume 4H - Lower Lows formed 4H - Price crossed under 50 MA 1H - Bearish Divergences (RSI, Stoch, CCI, ADP) 1H - Price crossed over 50 MA Expecting retest of weekly trendline and hit .618 Fib at $101

DesireToTrade

2 Scenarios are possible either a bounce at the .618 FIB at $155 or a breakdown. Scenario 2 seems more likely given that the interest rate hike will be announced next week Expecting a retracement to September lows of $142 Adam & Eve top formed on the 3D 1D - PSAR Flipped Negative Price has dropped below 50MA on the D/3D (further bearish evidence)

DesireToTrade

1D Bearish Divergences: HIST, RSI, Stoch, MFI, ADP 1D MACD is Negative Wave 5 completed on Feb 2nd, 2022 Confirmation of Wave 5 completion on Feb 15th as a double top formed. Short Opportunity: -TP: .618 fib at $55 -SL: Above last high at $85.5 If SL is broken, expect retest of old highs

DesireToTrade

Higher Low on Monthly MACD positive on the weekly Adaptive RSI is Positive Breakout from downward structure and in a bullish channel Stop Loss set below structure 1.349 Take profit at top of channel - 1.387 Bank of England is ahead of the Federal Reserve with Rate Hikes: -December 16th from .1% to .25% -Feb 3rd from .25% to .5% I expect GBP to continue to rise...

DesireToTrade

-Bottom is rounding out at the .618 fib on the Weekly chart with positive divergences MACD, RSI, STOCH and CCI -MACD flipped green on the daily and RSI is at 33 after recovering from being oversold -Higher high formed on the weekly renko chart -Positive divergences on the 3D MACD, RSI, MOM -Price is at the lower bollinger band -Place stop under .618 fib, 1st TP...

DesireToTrade

-Price resting on the .50 fib from the 3D chart after bouncing off the .382 -3D: Positive divergences: HIST, RSI, CCI, MOM, VWMACD, MFI -PSAR Flipped positive on the 1D -MACD about to flip green on the 1D and has already flipped on the 4H. RSI increasing on both -Likely to breakout to the upside from the bull flag given TSLA's overall strength -Only 1 earning...