I'm not explaining any thing ,doesn't require a high IQ .
Until the fed print few more trillions , play it this way .
No FOMO please! There will be plenty of opportunities to long. AAPL and SPX could be ending there B of triangle relatively soon, beware (bearish count). No doubt the recent PA looks bullish though. We might gap up today, above the GZ.
Damn clean EW count in FB. It might be warning us of something that other FAAMGs might not be showing (except GOOG maybe). Eyes opened!
Nasdaq100 : Initiate the inverse H&S pattern narrative .
We need the fed start printing before it is too late .
Hello Everyone! We have left AMZN with a possible reversal pattern on the way few days ago, here what has happened : Friday 4th Sept close was a hammer, the price traded lower to its 50 sma and reversed up to its 20 sma designing a hammer which had to be confirmed the day later. Tue 8th Sept (after Labour Day) the price went south closing below its 50 sma...! Not...
Playing it range by range .
Just for fun ,would you mentally and financially survive if this happen ?
Hello Everyone! let's look at the chart and see what we spot after two days sell off on AMZN and on indexes as well. Yesterday AMZN traded across its 50 sma which acted as a support area and at the end of the session it almost recaptured its 20 sma at 3303 (closing daily at 3294). The candlestick it formed is a hammer, known also as a bullish pin bar. This type...
The ugly face of the bubble .
S&P500 , bounce off the 1.618 Fib level . BTFD !
Hello Everyone! It seems now long time ago I wrote about FB trying to breakout at 241 USD (it was just June...) and we find it today above 300 USD...! Aldough I believe that this company has all good cards to reach 1 T Dollar of capitalisation in the near future, does not mean it will reach it the next days. Market goes in waves : waves up and waves down, a...