Hello traders and investors! Let’s talk about the NDX today!
In the daily chart, we have the idea of a bearish harami, just at a resistance level (black line, previous top at 14,072).
If the index closes under this black line, the market may see this as a false breakout and this would help to make the index fall.
If it falls, then we have a dual-support level...
Lyft is doing a nice pullback right now, in the 30min chart. The 20 is pretty close, but since the BB are so spread open, I believe it’ll move sideways for some time.
The 60.26 is a pivot, and if Lyft breaks it, it’ll do something good.
The problem is the RSI in the 4h chart, showing a bearish divergence + false breakout...
Hello traders and investors! NIO hit our target at $ 43.13, the technical target for the V-Shape recovery , and we are trading above the target. The link to our last analysis is below this post. What’s next for us?
First, in the 1h chart, since we already defeated the resistance at $ 43.13, this point is supposed to work as a support. Notice that NIO just did...
Based on the chart, price showed a major support area in previous days and this zone rejected the price from getting lower in some days but finally this support area broke at 3rd of June and we can see a perfect rejection of price at 4th of June. So we can easily conclude that a false breakout have happened at this point(Or it shows that the market didn't accept...
EURUSD is trading above the support area and bounces over it a few times.
The market attempt to break with a clear false breakout and currently is consolidating above it.
According to Plancton's strategy if the price will break above we will set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure...
There was a very sharp false breakout to the downside that happened and I thought for sure EURUSD will go down further.
However, this was followed by a move up to the previous range.
As far as theory goes, a false break will make the trend in the main direction stronger.
I soo wanted to go long here but problem is its already Fri and near closing time. I don't...
After the distribution, which is a corrective movement to support, we observe the consolidation of the instrument with a false breakout of the channel border.
The currency pair stopped at the 1.218 liquidity zone, after the end of the consolidation, I think that the instrument should rise to resistance 1.2256
Hello traders and investors! Let’s see how PLTR is doing today!
We have a solid bull trend in the 1h chart, as we have higher highs/lows , and a trendline connecting the previous bottoms. What’s more, PLTR defeated every single of its resistances, showing some strength. This is good, and it reinforces our bullish thesis, since our last analysis, last week...
What do we have at the moment. False breakout of the 174.0 level, the price returned and corrected to this level. Support for 174.0 is quite strong, as evidenced by several confirmations of this level. I expect the consolidation at this support and the growth of the instrument to the nearest resistance - 230.0
Do you agree?)
The instrument approaches the resistance 1.4241, goes to the level without energy distribution, consolidating it. Nevertheless, I suppose that the first time the pound sterling will not break through this level, it will make a false breakout and return to the lower border of the ascending channel - 1.4000. Be careful with shorts, as the trend is upward and the...
TSLA is doing very well, as it did trigger the buy sign we’ve been talking about, and it is flying right now. All the points we talked about in our last analysis are working pretty well. It did a false breakout from the bearish pivot point in the 30min, and it did a hammer that closed above the 20ma, a buy sign for sure.
But a correction to the 596 is expected,...
Gold has broken through the resistance of the global downtrend channel. I suppose that after the distributive movement, consolidation is formed at the level, we are waiting for further reaction, I expect the price to drop to the support level of the local ascending channel.
After testing the strong support level 1.2058, formed in September 2017, a false one was made.
I think that after distributing and taking the target, the instrument can turn around, return to the descending channel and reach the nearest resistance level 1.2280
Hello traders and investors! Let’s see how NIO is doing today!
First, in the 1h chart, we see that NIO defeated the bear trend, when it broke the purple trendline , and it is not doing lower highs/lows anymore. But there’s no bull trend yet , and it seems we only have a congestion in the short-term, as the 21 ema is flat.
The $ 32.58 is a support level, and it...