Delta Air Lines rallied in June as travel recovered leading into the summer. Now after a period of consolidation, some traders may look for the uptrend to continue. The main pattern on today’s chart is the $46.30 level, the high during all of 2022. DAL broke above it after raising guidance, tested it on July 14 after reporting results and is trying to hold it...
NFLX on the 2H chart is rising with the shortest EMA rounding up . Price is now above the POC line of the volume profile showing buying pressure has extinguished bearish momentum. The RSI indicator shows RSI to have trended down into oversold territory. Fundamentally, NFLX revenues have increased with the household password crackdown. Traders and...
On the 4H chart, QQQ has been in a trend up for the entirety of this year reaching 42% YTD. Of late, QQQ has had a 2-3 day pullback correcting a decent uptrend over the prior week. On the Relative Trend Index, while the signal is below the mean line, there is all the more upside and the overall trend is positive. The dual time frame RSI shows...
Just updating that 30m chart, in which price action (micro triangle break) seems to be igniting the terminal leg downward v of the impulse wave 3 inner a right-angled structure, likely an expanding ending diagonal. Plus hidden divergence on Chaikin Money Flow.
Potential expanded ending diagonal scenario for this asset. Price action is likely heading downward to made an interesting and profitable 3th wave of the expected bearish impulse wave 3 of that triangle / megaphone hypothetical scene. Key levels for watching on that 30m chart, plus Chaikin Money Flow divergences. Bear flag breakdown expected for soon on 4h chart -...
Netflix rallied into quarterly results last week, only to fall on weak revenue. Today’s chart considers some potential points for dip-buyers looking to add the streaming giant. First you have the rally that began on May 18 after strong demand for its ads in an “upfront presentation” to Madison Avenue. Retracing half the move would bring the shares back to roughly...
Snap has moved sideways for a year, but some traders may expect its prior downtrend to resume. The first pattern on today’s chart is the series of bearish gaps following the last four quarterly reports. The social-media stock held its ground after those drops -- probably because it had already lost about 80 percent of its value in the preceding nine months. But...
I strongly believe that Bitcoin will be bullish next week. The market is currently testing a solid demand zone. From that I will expect a bullish movement at least to 30760 Please, support my work with like!
The S&P 500 has enjoyed a strong run with new 52-week highs for six straight sessions. But some traders may consider waiting for a pullback -- especially with the Federal Reserve meeting next week. The first pattern on today’s chart is Wilder’s Relative Strength Index (RSI). It moved back above the overbought threshold of 70 this week. While frequent overbought...
BNBUSDT bearish scenario on 4h chart. Price action expected as a bear flag pattern breakdown, plus reciprocal AB=CD harmonic pattern plus Chaikin Money Flow bearish divergences in confluence w/ greater demand zone.
NFLX has been trending up for three weeks. If the trend is getting old it is now showing. Based on a set of two anchored VWAP bands originating June 1 and June 15, Netflix is breaking through VWAP bands from the lower -2 standard deviation lines to the +2 standard deviation lines and nearly the third upper deviation lines. This is a clear and convincing VWAP...
Ethereum is in a downtrend that continues until the price of $850. Buyers are trying to push the price above $1900, but now the power is in the hands of sellers, and those who entered the short trade at the price of $2000 are holding the trade. Thus, the first strong support of Ethereum is at the price of 1836. which will be touched soon. And this price is a...
GOEV on the 30 min chart had a big trend up from June 30th through July 5th- then pulled back for two day before a huge momentous move up on Friday July 7th. where it moved from the support of the mean VWAPs anchored in mid June into overbought territory two standard deviations above that level. On Monday July 10, price dropped precipitiously back to those...
Dow Jones retested the monthly high. The price set a lower high then and the Friday's NY session was very bearish. The index will certainly drop next week. Target level - 34300 Please, support my work with like!
Its time to recover for a Greenback. It is currently too oversold and multiple technical indicators show a highly probable bullish reversal soon. Target Level - 100.3 Please, support my work with like!
As we reflect upon the significant rally Bitcoin experienced in January, we can draw some interesting parallels to the current market conditions. We then witnessed a similar pattern where the Bollinger Bands tightened, leading to a substantial surge in BTC value. This occurrence has piqued the curiosity of many experts, suggesting the possibility of another...
AAOI has trended up more than 450% since May 23th. The big question is can it continue? The factors include: 1 Volume - volume is what causes price action. Here rising volumes above the running mean suggest that there is plenty of volume support for price action. 2. Anchored VWAP analysis is that after a pullback in VWAP levels in mid June price has been rising...
LUV has been in a persistent trend up for a couple of months after lackluster earnings were reported in early May with another due on July 27th. The airports have been quite busy with vacation travel and Southwest has been part of that action. On the 1H chart, price has been supported by the line two standard deviations above the mean anchored VWAP which...