MoRafi

MoRafi

Ford has been in this pennant for the past couple months, dating back to June 2022. Which means that whatever move we get out of this pennant will be big. Using the $11 mark as a very strong support and the blue trend line as a resistance, there have been no breakouts from this pennant. On the monthly we can see tremendous support at the $11 mark with both the 50...

MoRafi

Now I understand there are a lot of shenanigan's going on in the banking sector, but I'm not going to pretend to know how exactly this will affect the price of bank stocks. Everyone and their mom is now bearish on bank stocks from the constant news of bank failures and if I've learned anything from the markets is that the market always moves against the crowd. So...

MoRafi

DXY looks to be at a reversal point, or is it? This is why I love looking at a ticker in relation to another by using the / symbol. The way it works is ( ticker youre interested in )/( in relation to another ticker ) . For this instance we will look at both DXY/SPY and SPY/DXY. Typically SPY and DXY do not move in correlation, in fact they move in the opposite...

MoRafi

We are all looking at the same chart and thinking the same thing. SPY COULD have a serious bounce on the 200ma with a POSSIBLE bullish divergence on MACD and RSI. Many have already begun to FOMO into a possible year end rally as we have been rallying hard the past few days. This year is also a midterm election year (midterm election years usually have a rally...

MoRafi

VALE has been consolidating for almost 3 months at a previous resistance. Now its preparing for a possible double bottom with a bullish divergence on both the RSI and MACD on the WEEKLY with higher relative volume over the past two weeks. VALE also has one of the highest open interests in the entire market especially for the OCT21 14,15 and 20 Dollar Calls. Yes,...

MoRafi

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MoRafi

An inverse head and shoulders has been accumulating below the 28 region and looks ready to breakout. VIX has been playing within the 28 to 26 pocket for almost a month. It began being below the 200ma and now VIX is above the 200ma on the 4HR. Keep in mind, on the daily chart we are still up trending . We have not reversed back down but have instead retested the...

MoRafi

ETH convincingly looks that it is going to retest at least its previous breakout level of 1250...but I think were going to go back into previous channel between 1250 and 1050. Will we hold this channel or will we break?

MoRafi Updated 

OXY has been on fire this year and its looking to go higher. On the weekly OXY is looking to breakout of its previous high set at 73 in May. MACD is curling up and RSI is looking to go upwards as well. Very bullish closes over the past two weeks. Looking for it to hold above 75 this week before I enter.

MoRafi

First off....I am sure many of you are aware that the market has been looking bearish recently with many traders predicting BTC to drop to almost 52 and ETH to drop to around 3500 to 3200. But remember these are only predictions. No one can correctly predict what level something might fall to. Always remember price action, supply and demand zones, repeated pattern...

MoRafi

ETH.D has made a massive cup and handle on the weekly that has dated back to JULY 2018. This is the weekly chart so the strength of this move can be absolutely huge. Although we have not broke out yet I believe we will. We have tagged 20 numerous times but we been consolidating between the 20 to 17.5 level for weeks, never dipping below it. The fact that we are...

MoRafi

As I said in my last post about MATIC, MATIC would come down to the 1.65 to 1.55 level, which it has. This level is a high demand zone for MATIC. We have been consolidating here for the past few days. I am sure many of you are aware that the market has been looking bearish recently with many traders predicting BTC to drop to almost 52 and ETH to drop to around...

MoRafi

Let me begin by saying I am VERY BULLISH on MATIC. But here and there price does come down and the technicals (4HR and Daily time frame) are showing a possible downtrend for MATIC for the short term. MATIC has made a double top with a very significant bearish divergence on MACD. If price falls below 1.85 look for price to fall back into a range between 1.65-1.50....

MoRafi

My thoughts on the current state of the crypto market is bullish as BTC keeps on reclaiming at 60K. All breaks below 60K have been bought up rapidly, leading me to my bullish case for MKR. MKR is at a great risk to reward ratio. it has currently been consolidating between a 2650 and 2250 channel for an entire month, a possible accumulation phase. We have had a...

MoRafi

PTON has had a tremendous run over the past few months going from approximately 30 dollars to above 160. Over a 500% move. Makes you question how much its really worth doesn't it. Well we are about to get the answer soon. PTON has formed a head and shoulders that has taken 5 MONTHS to form. On May 5th we had our breakdown with VERY HIGH VOLUME where PTON broke...

MoRafi

Upset that you weren't set up for the first drop that occurred last week? Well lucky you the market loves to trap people and right now XLF is in a bull trap (in my opinion of course) which has brought it back close to its all time highs. Massively overbought on the weekly and we ended with a big volume red hammer candle on the weekly. On the daily we have moved...

MoRafi

So many time frames showing great value in UBER combined with the fact that this is a reopening play, in my opinion UBER has fantastic potential in the following months. DAILY UBER is now testing a support which it has already tested 3 times and held. Currently oversold on both RSI and MFI. The combination of being oversold in BOTH MFI and RSI has been of...