NIO shares reached our first target of $9.22, set in our last public study, the link to which is below this analysis, as always.
We now see a correction down to the 21 EMA, which is to be expected, given that it has just hit a target. In addition, we see a reaction in the price, which could be a bottoming signal if confirmed. Such a reaction makes sense, since...
• The SPX is trying to do a bullish reaction today, just above the key support level at 4,100;
• This reinforces our view that 4,100 is the most important support level for the index, and only if it loses, we would see a sharper correction;
• For now, the index maintains its bullish bias, and there’s no technical evidence pointing to a reversal;
• In theory, it’ll...
• Yesterday, TSLA did a bullish candlestick pattern, a Harami, just above the support level at $110;
• This is the second Harami we see. Usually, Haramis aren’t strong reversal patterns, and even when they get triggered, they are poor performers. Unlike the previous one, this time the pattern wasn’t even triggered;
• This indicates that the trend is still bearish,...
• QQQ did an Above the Stomach candlestick pattern just above the previous support at $268 (black line);
• This candlestick pattern was triggered, and QQQ is trading at its first technical target at the 21 ema;
• QQQ didn’t trigger the bullish candlestick pattern we mentioned last week, and the moment it lost the $275, it just went down to...
As I had mentioned earlier, this market is trading within a descending triangle and I was waiting for the daily close to decide if I was going to enter or not. Well, today's candle close was a long-tailed doji rejecting support. I am now long and looking for a potential move up to triangle resistance (about 120.000). Other important levels are 105.000 and 115.000.
In spite of the majority of the markets getting smashed, Crude seems to be holding up pretty well. Here on the daily time frame we see a descending triangle and price is testing support for the third time. I'll be watching the candle close today to confirm a potential entry long. Potential targets to the upside would be 105, 115 and 120 (which corresponds to...
This market has been in a strong uptrend and has recently broken out of an ascending triangle. Price has retested the breakout area and old resistance is now new support. I got long earlier this morning with my stop below yesterday's low.
Sugar has been trading within a large rising channel for almost a year. After recently testing and confirming channel support, price has rebounded and we're just about halfway up the channel. A falling window (gap down) served as resistance on the way down to support and has also temporary stalled the current rally.
Now, after a strong daily close above the...
The daily candle just closed and sellers are back so I’m looking for a short under 28,627
If we don’t short and try to go long I’ll look to long above 30,697
I will only risk 1% of my account value if we get these price points to make 3%
This pair has had little in terms of high volume price movements during yesterday's London and NY session
We have since had some higher highs and higher lows forming on the 30min timeframe which has confirmed bullish indications
with this is mind, I opted to enter buys once support had formed and the London session had opened
Stop-loss set below the previous...
1)Rebound from the long-term trendline, towards the long-term trend.
2)Several Doji and finally the vivid hammer candle; the current W candle looks like going to be the hammer too!
Reentering
Since the beginning of the year we have been in a very strong downtrend, but technically the trend has turned bullish on the 4H-Chart as soon as the Blue Structure level was violated after forming a Head & Shoulders.
Since the breakout the price has been in a strong upward movement until the RSI became extremely Oversold and on the next resistance in Green. Since...
Overall my analysis still shows bullish movement for this pair. I've caught quite a few pips over the last 2 weeks, from trading within the trend channel on the 4H chart. Currently it looks like it may continue short for a bit longer, but it's currently looking to go long based on trend, channel movement, and stochastics being in an oversold area. Break out your...
