The stock market has bounced sharply in the past month, but Meta Platforms hasn’t followed. The main pattern on today’s chart is the steady succession of lower highs. While the Nasdaq-100 behaved similarly in April, May and early June, the index broke its downtrend by making higher highs in the last two months. META, in contrast, hit $183.10 before rolling over...
Hello, everyone! As you know I tried to catch insane short using the using the chain reaction of the 4h –> 12h –> 1D timeframes divergences. Now I am still in position, 4h and 12h timeframes divergences have been already confirmed, but not the 1D. On the 1D timeframe BTCUSDT chart of the WhiteBit exchange we can see that the MACD histogram divergence still have...
Is this a shooting start on daily chart? The market reached 4250 and, as expected, was rejected. It’s still holiding above 200EMA, so it might be here for a while. I’m also looking closely ar VIX - which showed a little green today although I don’t see MACD turning around yet. Trading is risky, please do your own market analisys before entering the market.
Does anyone remember Netflix? After losing three-quarters of its value between November and May, the streaming-video stock may be trying to claw its way back. The first pattern on today’s chart is the bearish price gap on April 20 after the business unexpectedly lost subscribers. NFLX drifted for months after the selloff but is now inching back toward that area....
From h4 eurgbp chart I see there is potential for eurgbp to go down to test 0.82-0.83 area. The risk is ABOVE 0.84708. The target profit would be somewhere around 0.82-0.83 (somewhere around the lower trendline). Trade well and wisely. 🙏🙏🙏
Pitchfork midline hit again, how much longer can this continue?
And the CPI just drives GBPJPY break the trend line. And potentially I see this could head below 160 level, possibly around 157-158 area. Macd is supporting the view at the moment, there is cross over to downward and the histogram is currently below 0 level. My stop would be somewhere ABOVE 164.126. Manage ur risk:reward minimum 1:1.5. Trade well and wisely. 🙏🙏🙏
Solar stocks have outperformed lately as investors react to high oil prices and the green-energy movement. Today we’re looking at SolarEdge Technologies , the No. 2 company in the group by market cap behind Enphase Energy . The main pattern on the chart is the falling trendline that began in November and ran along the highs of April and most of July. SEDG...
We get confirmation from lower time frame. Yesterday's rally I didn't sell oil. M30 of oil now is indicating bearish for sell oil. Kijun cross tenkan downward. Future kumo is brarish kumo. Macd bearish. And chikou is currntly running below the kumo. Pay attention to the 2 tp zones I defined. Trade well and wisely.
The Philadelphia Semiconductor Index ripped about 29 percent between early July and early August, but now it may be showing signs of fatigue. The first pattern on this chart is last Thursday’s peak of 3087 -- slightly below the early June high of 3159. That lower high is potentially noteworthy when compared with the broader Nasdaq-100, which pushed above the...
It is obvious that from d1, h8 and h4 TF oil is bearish trend. But I dont think it is wise to sell at current price. I prefer to sell the rally. The red box is selling zone while the blue box is the taking profit area. 🙏🙏🙏
HELLO FRIENDS! Analyzed this stock 2 months back in my videos in my channel. Worked perfectly as per the analysis. Target is 300% which I assume may hit in 2 months. Logic behind this trade is Stock was facing resistance of the trendline for a long time. In the third attempt in June it broke the trendline. Another logic is the stock had given breakout above the...
There is potential long for usdchf if the price is able to break above the upper trend chanel. The requirement would be bullish engulfing candle to ensure the moment is strong to the upside rally. I also mention the potential taking profit area. There are 3 areas. Manage ur trade mate. Trade well and wisely.
System printed an entry with a trigger today on AUDCAD @ 0.89793 with initial target of approximately 220 pips @ 0.91786. Stop is placed @ 0.87300, trailing. I actually entered this trade early and am up 70 pips. Today's candle close above the trigger line will indicate an entry based solely on the rules of the system. Supply/resistance area above around...
Bank of America had relief rally in the second half of July, jumping from a 52-week low under $30. Now some traders may think it’s overbought. The main pattern on today’s chart is the declining 50-day simple moving average (SMA). The recent surge brought BAC back to the line for the first time since late February. Trend followers may now look for the bearish...
From H4 chart it is indicating oil to revisit July 2022 low, 90 level. Chikou is pointing downward. Candle is running below cloud. So in my humble opinion it is pointing to July 2022 low. The STOP should be ABOVE 97.14 level.
Bull Divergence condition: 1. Point A: RSI is Oversold (<30) 2. Point B: Most important. - EMA: 34 & 89: Point B is must crossover and above EMAs -> Bull is enough creating a Divergence. - RSI of Point B > 50. 3. Point C: . - On chart: Price lower but RSI higher. - RSI of Point C is above Oversold zone.
Hello, everyone! Yesterday’s the most probable scenario, on which I put my money is playing out right now. The price showed another one local leg up to the upside, after that we saw the bearish reaction. Today Bitcoin is confirming my concerns about the potential price dump. Let’s take a look at the 1D timeframe of the BTCUSDT chart of the WhiteBit exchange. The...