NIO is back to consolidation mode!
As you see on the chart we saw
1. The first huge climb from 17-22
2. The consolidation for a few days
3. The breakout from 21-29 and change
I think based on this chart that NIO will trade sideways for a bit and if there’s no Washington style take down of the markets with no stimulus passing or any election related...
ACB seems to be extremely oversold, and though it is high risk, I may purchase or watch some shares as a catalyst to see where the pattern goes. There seems to be somewhat of a possibility that we have reached a bottom. If resistance breaks, this can trigger another bull run. Keep in mind though, this risk is still high considering all the bearishness. That being...
Bulls season in and trending so why not buy every pullback?
Bull pressure shows 16k knocking but from 14k , bears won't allow an easy run.
Bulls strength looks stronger on higher timeframe including the 1M, & 1w . but lower timeframe is smiling at bears for sure for 11600 pullback is still possible.
13020 could bounce back to 13800 and we see some sideways...
Apple weekly chart is showing a bear continuation which means that the stock is headed downward in the short term.
The stock broke its support of $116 here and will likely continue and trade under $115 today.
If Apple can bounce back from sub 115, then we could see a move into the 117-118 level with resistance being at 118 for a confirmation on the next...
Update from yesterday's PTON chart analysis:
Peloton has officially broken its upward climb with a fall under the 125-126 support level.
Although I like this as a long term investment, the short term is looking like a sideways/downward trend.
If you plan to play calls, I would look for end of year expirations.
Peloton can benefit from the winter months if...
Very similar to eurusd, I expect some more strength from the usd dollar to push these pairs further to the downside. As always the market moves in waves so expect to see price make a pullback and then another leg down to at lest the support at 0.70500 then possibly further. Price looking very weak though on the daily so these pairs could potential break the...
Im looking at further downside for EURUSD as I think that US dollar has room for some more upside which will push eurusd further down. I expect possibly a push up on eurusd to make a pullback for its next leg down. I have a couple resistance areas marked out and will be watching for a slow down in price to enter a short.
This consolidation can breakout from either side but taking note of the current strength of both bulls and bears. the current area is a strong resistance formed by the midline of the current Bull channel. my last post I talked about possible 10800 to 10500 zone pullback. Chances are high that this pullback is still possible at the current resistance.
Bitcoin Bulls have successfully kicked 11700 as** like its no mans business but then it looks stuck or should I say trapped? with the bears growing in strength with each bear trend bar, bears are trying to force a pullback to below 11k zone possibly I see the 10800 to 10500 zone just where price broke out from the pennant earlier.
Thanks for reading, Liking,...
Here is how I'm looking to trade the AUDUSD in the next few days! Let me know what you think! Is price going up or is it going down? Personally, I am more long biased but if price creates a continuation pattern, I will look for sells.
Find above a suggested elliott wave movement for the intraday charts on EUR/USD:
wave 1: 1.18270 to 1.18060 (daily high).
wave 2: 76.4% of wave 1, at 1.18219.
wave 3: 161.8% of wave 1, at 1.17930.
wave 4: 50% of wave 3, at 1.18080.
wave 5: 161.8% of wave 4, at 1.17860 (daily low).
PULLBACK is likely to hit BTC any moment from the current price zone of 11450 to 11400 zone as a result of a strong resistance zone on Daily chart.
Its likely the trend continues after a pullback from the current zone, the current sideways trading range just below the resistance shows signs of possible pullback. this...
Head and shoulders pattern, price broke neckline. Waiting for a retest of the neckline and for price to show bearish signals at that level to proceed to sell at that level #newbietrader
Feedback is helpful
Had this level marked out for weeks, been waiting for price to make its way to this zone and then looking for long entries. Price has already spiked out of this support 1.32500 once and expect to see it happen again. Im currently waiting for price to develop and show signs that is ready to make another leg higher.
Analysis of #USDCAD
I am looking at this pair for a buying opportunity, still, I have no valid entry, but will be watching this market for a reason to get long once I have a confirmation for a valid entry
Check today analysis below⠀
Thank you for the support you keep showing me with