• AMZN is in a bear trend, as it is doing nothing but lower highs/lows, and there’s no sign of reversal yet; • In addition, AMZN is trading below the 21 ema, which is working as a resistance; • Since it is a bear trend and there’s no confirmation of a reversal, the area near $100 is the next support level; • However, a possible bullish structure could reject this...
• So far, SPY is heading to the next support at $360.69, indicating we have a few more bucks to drop, and there’s no technical evidence pointing to a reversal. In the daily chart, at least, there’s not a single bullish pattern yet; • We see some open gaps (yellow squares), and they will become targets, in the future, if (and only if) SPY triggers a...
I'm currently waiting for a break out of range to find signs of a bullish market considering current overbought situation on the dollar. A break above level X will indicate a comfortable upward continuation. For now we wait for a break outside the range to see what the market tells us
NSE:ZYDUSLIFE was trading in a downtrend from July 2021 to May 2022 until it stopped making lower lows. It traded in sideways (accumulation phase) for past 3 months and finally broke out of sideways price action recently. Let's take a deep dive to understand the trading opportunity in ZYDUSLIFE. Multi timeframe analysis - Weekly TF(Higher timeframe) - Below...
NYSE:DASH has formed falling wedge pattern and recently did a breakout. Additionally, It has formed a double bottom and there's a RSI bullish divergence on daily time frame. If price breaks above double bottom neckline, bullish trend will be confirmed and bullish entry can be taken upon retest of a neckline.
NSE:ZOMATO had been trading in a downtrend for months and now seems like it found a bottom. It made a falling wedge structure in a downtrend which indicates that selling pressure is getting weaker and buyers are stepping in. It broke out of falling wedge resistance and now trying to take a support at the breakout level. If it succeeds in breaking 75 level, We...
Hello traders and investors! Let’s see how RIVN is doing today! For the first time, RIVN is doing a clear bullish structure, and this could indicate a reversal ahead. In the daily chart, we see that for the first time ever, RIVN has a clear bullish structure, as it just did a higher high/low, and triggered a pivot point. In addition, it is trying to leave the 21...
Our watchlist for the week ahead, compiled with @AVENUESOFINVESTMENT
Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see that it is reacting nicely, after yesterday’s crash. This is a good recovery, and might be the beginning of a reversal, the problem is that we don’t see a clear bullish structure yet, and the index is still in a bear trend, doing lower highs/lows. In the 1h chart,...
Here's my watchlist for the coming week, compiled with @AVENUESOFINVESTMENT. What are some of your picks?
Near-term long positions are attractive, with reassessment necessary as inflation reporting in April approaches. Bullish continuation will be more risky in the days leading up to CPI/PPI reporting. Following Bitcoin and the broader markets, GRT will realize near-term bullish support as the markets have shrugged of the Fed's 25 bps rate hike. GRT will flip 20...
Hello traders and investors! The SPX dropped sharply after it lost our support at 4,456, so we have a lot to update. First, as we already discussed in my last analysis, the 4,456 was the key point, and only by losing it, we would see a bearish reversal. I’ll leave the link to my previous analysis below this post. Now the index lost all of its support levels, and...
NASDAQ:AAL had been in a downtrend since march 2018. After the significant dip in march 2020, buyers shown good interest in it and kept the price above 10 for couple of months, making a strong support level. Bullish shark harmonic pattern has also been formed and price reversed from PRZ(Price Reversal Zone) level. Price marched up to meet the demand of buyers and...
Hi guys ... it is not a financial advise please do your own research . Looks like this baby is BULLISH ! 1. daily bearish trend line is broken 2. triple bottom 3. RSI overbought 4. we need a test of support 5. if plays out 64 % minimum As a wise man said Yepi yoka yay 2k in profit : 1280 $ stop loss : 340 $ Take care, trade safe , best regards
Cardano preparing for breakout! It has been consolidating In the falling wedge pattern for some time, below the key level support. I am watching for a clear breakout candle above the upper trendline & green zone for bullish confirmation as ADA may be preparing for a big bull run soon !
Broader markets have responded to the continuation of loose monetary policy, while the Fed will be faced with spiking prices as CPI & PPI results post within 24 hours each the next two months and the FOMC has to decide whether the current approach remains viable as midterm elections approach. BTC will likely reverse bearish trend for next month or two as it...
Zcash has realized a bullish reversal this week as the markets absorbed inflation reporting, the EU parliament excluded language restricting Proof-of-Work from MiCA, and the Federal Reserve clearly conveyed no substantive change to monetary policy in the immediate future. Bullish price action likely to continue if ZEC confirms a breakout from the descending...
Traditional markets responded with rallies following the Federal Reserve's tame communication following the FOMC meeting this week. The 25 bps hike is nothing more than a symbolic statement, with the midterm elections looming and the Fed finally acknowledging that inflation is more persistent than what they had hoped. The lack of serious action is likely to...