There is momentum at the moment. :-) Thus it may be done with it and no major correction downward will follow before the rise may resume. And outbreak at the top of the range may make it clear. Stops are essential.
We have reached a 6 year old bottom now. There is room for a bigger correction. Whether this will take place immediately is not sure. At least the likelihood for a rise is bigger now.
With its bottom on November 11th we can see a cup bottoming sharply and reminding almost already at a V-formation. Nevertheless there is a long handle from end November until end January that had been exceeded and is to be retested now. Of course the price may come back to the top of the handle but in respect of the deep cup there is a chance of a large gain that...
We are far from all relevant Moving Averages, have overcome the all time high and begun a correction. I see a substantial room for a decline now as we have risen to land and to fast since December.
We are slowing down a little bit today. I think that this is due to the option expiry tomorrow. Then, I think, we may rise a bit further. The market is overbought for a while but any attempt to correct has been bought so far.
Within a Fibonacci support zone we are building a bottom since January 17th. As the decline is old already and the Chinese economy is not as unhealthy as, say, the European ones I expect a breakout of the range within the next few days with an end of the downtrend.
The window that has been opened on January 12th has been closed on 24th January already. This rise has been retraced on February 2nd. Then we saw a Reversal island. The small candles yesterday and today so far are indicating that we are fighting to build a bottom now. On top there are no real resistances. The former bottom of January 3rd had been broken on the...
The momentum is declining, we are at an all time high and we can see an open window below. I think that this is sufficient to watch out for a correction downward.
Within an intact uptrend we have corrected the rise since January by 50 % now and may continue the rise.
The trend is upward since November and has been corrected in January already. After the little attempt yesterday and the renewed rise today I assume that we can continue to rise. We are still within a Fibonacci based support/resistance zone. Its bottom is the October low and the top the present January high. May be it will take some time to get decisively above...
The spark on Monday has been downward retraced now. We are testing the top of the trading range that had begun on January 8th, Now this top may be seen as a support. A renewed uptrend may be the result of the spark now. There are 3 obstacles on the way up but all of them would implicate a good profit.
Within an intact uptrend and hectic trading we have we are undertaking another attempt to correct the rise. Now we have reached the top of the December trading range again that can be considered to be a support now. It has additional importance as it had been a tested resistance zone in August/September already that had been proved by opening a window downward on...
After the impulse rush down 1 week ago it is no wonder that we could manage to fall below the 1 month old trading range. Both the rush and the breakout signal the will of the market to correct the long rise since September. The overbought situation was to strong and many may be willing to take profit now. It is not excluded that the rise of the Bitcoin will have...
The mid January rise has been corrected yesterday. But we had got a new high since September. The correction of the (successful) breakout is to be sen as healthy and is not annihilating the signal that has been given by the breakout on January 19th.
All boats rise with the flood. This is true for Tesla as well. We are in a broad sideward range and with a positive market sentiment it may well rise from its bottom for a while.
2 days ago we have exceeded the bottom dd 18th August which is a support now. Nothing else to say. The principle is KISS here.
Yesterday we have hit the green bottom line the second time in the current cycle. This line has its beginning in mid September since when it has been a temporary bottom repeatedly. If you look carefully you can even see it emerging as soon as May 2023 even. By Fibonacci count we are in a support zone as well. Thus I suppose that the line will hold this time once...
Bayer has reached a Fibonacci entry zone after yesterday's fall. There is a window to be closed that has been opened at the fall on November 20th.