Let's take a moment to review this flawless execution AGAIN!!!. We identified the bullish flag pattern prior to reaching all-time highs, offering an ideal entry point. Yesterday's push following the Fed meeting was just what we needed. Currently, gold's all-time high stands at 2220. Today, we witnessed a retracement to the key support level we...
Looking to get a lotto for tomorrow's FOMC. It looks like the PA is trying to get back into the trend channel. We are still near ATH and JPOW could launch this into Mars. As always like any other FOMC play VERY HIGH RISK!! Do not buy if you cannot afford the loss, which is what you should assume going into playing FOMC. Waiting to see if todays PA will have a pull...
NASDAQ:PEP -Has been on a bull run since 1981 -Every while does a 10-20% correction, (and up to a 40% correction in case of a major economic crisis) -Always goes back up to a new all-time-high...always -Is now done about 20% from all-time-high -Prices now are the same as it was in Nov 2021 -The last time it did such a correction was in 2020 I would say it is a...
NASDAQ:AXSM - Has been showing strong upside movements with healthy corrections for a while now - Down about 28% from all-time-high now - Strong support levels down from the current price ~$70 - Overall doing great as a company - Take Profit ~$89 as it fills a gap, conservative estimate - Higher profit can be achieved in the long term - Stop loss slightly...
NYSE:BA is definitely below its current fundamentals for the 1st quarter of 2024. This was the biggest gain of all the Dow 30 components yesterday. It was an obvious reversal point at a prior Buy Zone at October's lows. Yesterday was driven by pro traders with a run up at open rather than an HFT gap up at open. We can also see the pro trader nudge pattern in...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has reduced some of its gains made earlier in the day, after reaching a new all-time high during the Asian session on Thursday. However, it is still trading positively for the second consecutive day and is currently around the $2,200 level. The Federal Reserve (Fed) has...
I have added this pair in my portfolio as I spotted an entry based from my strategy. What lies ahead with this pair merely depends on what the market will give me. Ofcourse, I am hoping that the bias will be with me with this pair. Stay tune for the outcome.
Recently we played NASDAQ:GOOGL short but it seems that has run its course and we can now look to take it long. It has broken the recent downtrend and RSI seems to have bottomed. Looking for continued strength over $140
Gold price (XAU/USD) attracts some dip-buying on Friday and reverses a major part of the previous day's slide back closer to the $2,150 level, or the weekly low. Despite the hotter-than-expected US Producer Price Index (PPI), the markets are still pricing in a greater chance that the Federal Reserve (Fed) will start cutting interest rates in June. This is...
Gold finds renewed space to maneuver, shrugging off some of its recent weakness and bouncing back past the $2,180 mark per troy ounce following the Fed's decision to keep its policy rates unchanged and the dovish tone from Chair Powell.
Bitcoin, the largest cryptocurrency by market capitalization, declined nearly 6%, dropping below the $65,000 level for the first time in nearly ten days. The asset’s price drop ushered massive liquidation in derivatives markets. Several altcoins and meme coins noted massive drawdowns in response to Bitcoin’s correction. The biggest declines were noted by Sei...
The U.S. Department of Justice (DOJ) has set its sights on tech giant Apple Inc., ( NASDAQ:AAPL ) alleging antitrust violations related to its iPhone ecosystem. This latest legal showdown underscores the escalating tension between regulators and Big Tech, with Apple ( NASDAQ:AAPL ) now finding itself at the center of a high-stakes battle that could reshape the...
Imagine You buy a stock or business, that You think was undervalued based on the "circumstances" and that you think has great value. You bought this at 1$, during 2020 November alongside with the oil rally. Nobody knows the price. Everyone has a price target... Imagine my price target was 7$ - based on the previous highs. Chances are everyone will look at it the...
Price pivoting at 1.28030 could result in a bearish candle on a monthly tf. Price could retrace to around 1.26904 and Short from there.
The cryptocurrency market witnessed a significant surge today as Floki Coin ( SEED_DONKEYDAN_MARKET_CAP:FLOKI ) soared by over 40%, marking a remarkable rally amidst its partnership announcement with the World Table Tennis Championship. This strategic move not only underscores Floki's commitment to growth but also highlights its innovative approach to leveraging...
WORX is shown here on a weekly chart. Basically it has been falling since COVID. Apparently, a Chinese company manufacturing electric landscaping and yard maintenance tools. In the past four days a big move up from 1.40ish to over 3. Looking to the left, it traded at 125 around the time of COVID. The FINRA short indicator had a burst of activity and the...
I am watching TGL for a short squeeze. A recent pivot high in the past year was about 37 and the ATH of 168 was the winter and spring of late 2022 and early 2023. This is an app that matches merchants and consumers with incentives to both to deal and make transactions. I believe that it has been heavily shorted while in a persistent trend down. Relative...
I have been patient to not issue new bearish projections until I see what I know to be objective price action evidence. With Sunday's Weekly bar close we received such a signal. In this post I want to detail how important this signal is in the understanding of price action as well as in actionable trading. I will present what I think is likely in the near term...