Megaphone in Bearish pattern; likely retest bottom TL in the expanding wedge; need consolidation before real breakout IMO Not investing advice; trade at your own risk!
Hello traders and investors! Let’s study Tesla and try to understand what’s going on here. First, the hourly chart is still quite bearish, as we see descending tops and bottoms , and no clear reversal sign. As long Tesla continues to trade under the 21 ema and under its previous supports, like this blue line, it will simply continue its downfall. A retest of...
Hi traders, I hope everyone is safe and healthy in these tough time. Here is the outlook for Ethereum for the next few months. Hit follow and like to show your support: :arrow_forward: :chart_with_upwards_trend: Next level to consider rebuying some back if bullish is at $310-290 and $285-275 bottom of that broadening wedge where the bulls must try reversing it...
The S&P 500 is in a long-term bearish trend with it currently being in a bear rally. There is a possibility to break the trend if Trump is re-elected. If Biden wins, then we continue the bearish trend.
Dollar appears to be forming a bear flag. Again - great for commodities & great for equities. Not saying you should long a particular stock or commodity just because of this - but there are major ramifications for a weak dollar. Imports get more expensive & exports get cheaper. If you are short the dollar, and that double bottom gets retested & breaks (which...
USD has been one of the weakest forex pairs since March. Looking at the 4hr chart it has been making the pattern of lower highs against CAD since 19th of March and has matterialized a two months decending triangle that got confirmed by breaking below the floor of the pattern last week. The previous support zone of the pattern should now act as resistant and a...
So we have LH HL So we starting a downtrend if we can get a 3rd low higher the trend could be set and looking to a projection of 128/125
Dear traders, dear followers, as I said in the last video (feb update): "We will test certain levels 6500, 5K and 3K, and when this happens, I will make another video, but this will take a few weeks or month". Turns out, it took a week to do so!! Nevertheless, here is the march update with specific information, targets, analysis and persepcetives. Enjoy that...
Hi everyone, Welcome to another very brief update on Bitcoin! The chart presents a Bull/Bear Market Trend Analysis based on the weekly bollinger bands on the Weekly Chart of #Bitcoin. Breaking $8,500 and closing a weekly candle above that level is a major sign that Bitcoin is back in a bull trend. Until that happens, we're still in bear mode & the trend is your...
US Equities in downtrend off ATH from July. Price action strongly mimics last year's selloff behavior. Pull chart right to see the 2018 Megaphone. Targets in chart are determined by TL defined by these Megaphones. Price labels are estimates and actual prices of course will vary; past performance is no guarantee of future results! 2019 Megaphone is Bigger and the...
3 Daily looking very good for XRP at the moment, with the MACD looking good and the RSI Bullish Divergence it is looking good. Providing support holds and BTC holds it's position. We could start to see XRP pullback some losses from the year. Wait to see some clear direction first. Altcoins are at very low Bitcoin levels. Have a stoploss on. if these support...
Within the Sell Zone, USDJPY has retest back to the entry price for a shorting opportunity as a Type 2 entry after a market rebounds from the 5-0 pattern. I will engage for a shorting opportunity as long as the market did not gap when it opens on Monday.
Last post: April 30th 2019. See chart . Review: Price was at a strong resistance level. Update: Price failed at resistance and is now dropping towards the next support level. Conclusion: If we do see a break of support we will be looking for shorting opportunities. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you...
This chart represent the bull and bear markets in the S&P 500 during the last two decades. According to this analysis and based on statistical inference, we could have started the bear trend that might during until March 2020. On average bear markets length approximately 18,5 Months ((28+17+11 )/3) and depreciate close to 41% ((50%+58%+15%)/3) since the life time...
From the charts above it can be seen that the crude oil price has broken the big triangle on the 4h chart and is expected to further decline to the Minimum Price Objective. It was hard to project this sharp down movement as after the Opec+ meeting most of the traders were bullish on the asset. I, personally missed the break as well. If zooming in a bit (the 1h...
6 week consolidation followed by a downtrend confirmation supported by a MACD crossover suggests a further 9.28% drop by Dec 17. Bought Dec Puts. RSI indicates there is still selling pressure and the 30 day MA has turned downward.
Ethereum update: The retrace attempt may look impressive at first glance, but the broader structure provides a more sober perspective. A move from the 160 area to 224 is nothing to sneeze at, but how much did you have to lose in the process of betting on this random event? This is one of those situations where good is not good enough. Although the move to 224 has...