TVC:VIX chart mapping/analysis. Always been a firm-believer in strong negative correlation with SPX. Key is not matching SPX highs with VIX lows ie "catching the bottom" - it should be used as a supplementary indicator for overall market direction, by identifying key support/resistance areas for trend switches that aids you in developing a Trading Edge...
Happy Diwali To Everyone. After Gap up opening if nifty starts trading above 19450 level then possible strong upside rally upto 19570+ level. Any downside possible below 19420 level. Higher volatility in market. So keep less lot size on this Muhurat trading session.
NASDAQ:META chart mapping/analysis. Bullish consolidation higher within an ascending parallel channel (white). Bull target(s) Breakout above descending trend-line resistance (white dotted) Overhead gap fill (~361.59) Prev ATH + upper range of parallel channel (light blue) confluence resistance zone Bear target(s) Ascending trend-line support...
NASDAQ:GOOGL chart mapping/analysis. Multi-year consolidation/pennant pattern formation. Bull target(s) Overhead gap fill (~137.42) Descending trend-line resistance (white dotted) - plus breakout? TBC Previous ATH + upper range parallel channel (light blue) confluence resistance zone Bear target(s) 23.6% Fib + gap fill (~126.49) confluence support...
NASDAQ:AMZN chart mapping/analysis. Consolidation within ascending parallel channel (green). Bull target(s) Ascending trend-line resistance (white dotted) Upper range of parallel channel (green) + 78.6% Fib confluence resistance zone Overhead gap fill (~163.27) Bear target(s) 61.8% Fib Underlying gap fills (~133.57 / ~121.64) 50% Fib lower...
NASDAQ:AAPL chart mapping/analysis. Clear breakout of descending parallel channel (white). Bull target(s) Overhead gap fills Previous ATH (~197.70) Ascending trend-line resistance (green dotted) Upper range of ascending parallel channel (light blue) Bear target(s) Descending parallel channel (white) aka "return to scene of crime" 23.6% Fib ...
Weekly TF analysis for AXS is here. Targets are given on charts.
Possible entry point and targets are given on the chart.
NASDAQ:TLT chart mapping/analysis. Note: TradingView chart dividend adjusted. Price action bouncing off Golden Pocket (66% Fib) support Heavy trading volume = institutional activity (ie positioning?) Rejection wicks on previous weekly candles = selling pressure still present (correlation with long-end yields holding strength) Looking for re-test of...
"Boom!" There is no better way to describe the bullish dynamics of SHOP stock. The stock has now confirmed the low of the turquoise wave X with a 33% attack to the upside. The upward wave to the north must now continue to the upside to overcome resistance at $67.60. The high of the turquoise wave Y and thus of the superior wave (B) in green is not expected until...
Gold experienced its third consecutive drop yesterday, with a significant decrease in price. The daily bar, referred to as D1, exhibited a substantial decline and closed near its lowest point. It concluded above the bottom of the previous D1 bar, indicating robust selling pressure. Furthermore, yesterday's D1 bar closed below the bottom of the most recent upward...
NYMEX:CL1! intraday mapping/analysis. Crude Oil Futures finding support on Golden Pocket + lower range of descending parallel channel (white dashed) confluence zone after flat bottom break, while hovering above lower range of ascending parallel channel (green) + 66% Fib confluence. Price action accumulating while digesting recent sell-off Bias leaning...
ETHUSD price made a bullish breakout of the Descending trendline and currently price is above Support area, after a correction if price continues to hold above support I expect the price to move higher towards the next resistance.. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose...
As part of the green wave (B), physical uranium recently experienced a small setback, but the short-term upward structure remains intact. We need to give the upcoming corrective rallies more room to the upside, which should be followed by a strong sell-off in the course of the green wave (C).
NZDUSD witnessed its third consecutive day of decline. However, the downward momentum appears relatively mild, given that three days of decline do not match the intensity of the preceding single day of increase. The price is currently undergoing a retest, suggesting a potential stabilization. The chart structure on NZDUSD D1 indicates a cumulative sideways...
NYMEX:CL1! chart mapping/analysis. Note: TradingView chart B-ADJ adjusted for contract changes Crude Oil Futures capitulating from early October rally despite ongoing Middle East tensions & geopolitical uncertainty. Only macroeconomic narrative/headwind that would override war escalations is increasing probability of global recession-induced demand...
COMEX:HG1! chart mapping/analysis. Note: TradingView chart B-ADJ adjusted for contract changes Copper Futures attempting to build bullish momentum off evolving China economic stimulus narrative.
Hi Traders! Silver continues to trade in the range zone as it cannot break above the 23.765 resistance area. Price Action 📊 The current price action looks bearish. Market highs and lows have started to become lower due to numerous price rejections around the 23.765 level. The market also recently broke and closed below the 20 EMA, and there are opportunities to...