Good morning traders. Interesting price development in Gold, seems like market makers are looking to take out both sides of the market prior to the end of the week. Look for move down into buying area from "trap zone" and for TP 1 and TP 2 to be met prior to end of week.
Good evening and i hope you are well. Today was the day i started talking about around 2 weeks ago. The price action of the last 6 days was conclusive and i had no doubt market will reach the given bullish targets for more bear pain. SP500 e-mini futures printed 5020 and printing a new ath tomorrow is highly probable. I hope you played it and made some. Quote...
Good evening and i hope you are well. Today markets tricked many traders into strong moves in a weak environment. The move’s seem like they will break out of the range but they fail at resistance over and over again. It’s a neutral market where buyers and sellers agree on the middle of the range as the fair price. You have to play the range until there is a clear...
Good evening and i hope you are well. Markets went sideways today, as was expected and laid out yesterday. We are forming many triangles, which means that prices are converging and we get a break out soon. Bears tried a bit but bulls bought it, which confirms my thesis of higher prices. I still expect a bit more sideways movement. If i had to guess, i’d say we...
Though the volumes are low, the weekly pattern is looking good once the breakout happens.
NSE:NMDC in the past was in a severe downtrend, then it created the first Bullish Pattern known as a Falling Wedge. Most often falling wedges change the trend and that can be seen in this chart also. Price has started creating Higher highs and Higher lows which is a signal of the beginning of an Uptrend. Hence the expectation is price should continue its...
Good evening and i hope you are well. Last time i talked about Nvidia was 1 week ago and Nvidia at 610. Time to revisit and adjust. If you took the trade, you made about 51 points. I anticipated a much bigger and longer sideways to down move than we had but that is not important because i said buy and it was buy and it's still buy. So what's next for the...
Good evening and i hope you are well. Here my commentary from last week: The bulls got their big breakout and we made 4.65 points last week. The next obvious target is 80 where i expect sideways movement. I also don’t think we can get there without a pullback first. Target for that pb is around 76.5 - 77. We can also just trade sideways in a tighter range but i...
Tesla gap down upon negative earnings. There looks to be more room for a push down, and it looks better to sell before considering buying. I think the buying will come around, but it will be lower closer to the red line.
In the past, the price of NSE:PNB was in a downtrend. After a significant fall, NSE:PNB was able to create an accumulation, and a breakout of it is also visible on this chart. So, it is understood that it has changed its Trend for now and it should go up beyond 125. If 125 is achieved, then thereafter this stock will make an All-Time High.
Good evening and i hope you are well. Today markets bounced where i expected them and bears did not get the follow through they needed. Here is my quote on that from yesterdays after hour update: But the more probable scenario is that bears will get disappointed tomorrow and we range more days at the highs. And that brings us to, what’s next? Big up, big...
Good evening and i hope you are well. Bears got good follow through today but i think they need one more red day to switch the market to always in short. What are the odds of that? Well, markets normally don’t go from bull trend to bear trend but one could argue we are in a trading range at the top. So it’s not out of the question. But the more probable scenario...
I do not recommend buying or selling. Because the market is not in a trending position
I think there is a bullback on the trend and the market will continue to rise
YPF SOCIEDAD ANONIMA I do not recommend buying stocks now. The market reaches the Fibonacci extension level and the highest level in pitfork
Good evening and i hope you are well. I do the occasional price action analysis of individual stocks and today i try to get my opinion across for alibaba or the death of capital as i see it. I think mostly trapped bulls will click on this, having hopes that someone besides them think "IT JUST CAN'T GO LOWER AND IT HAS TO RALLY". The only question right now for...
Good evening and i hope you are well. Today most markets ranged as expected and bears could not make bulls doubt higher prices. Nasdaq was the weakest, while the dow printed new all time highs. The earnings reported after hours seem that they won’t help the bears much either. Sure, nasdaq sold off today but it’s still making higher lows and i don’t expect bears...
Good evening and i hope you are well. Today markets continued the bear slaughter and given the very strong bull closes, we can expect more bullish price action and probably blow off tops. sp500 Most bullish of em all. Here my quote from yesterday: Market only gained 60 points which seems after last weeks rally of about 120 points, too little. Bulls sure...