Fibonacci
TSLA: Neutral to Slightly Bullish Next Two WeeksHappy New Year everyone! This short video explains the technical view for TSLA as we start 2024. From a technical standpoint alone, its difficult to be wildly bullish or bearish right now. There may be other fundamental or macro reasons to take a more bullish or bearish view in the intermediate to long term. In short, neutral to slightly bullish makes sense over the next couple weeks for this stock.
Best of luck!
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Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed.
Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders.
DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
SUI - This ALT can EASILY x100📉Hi Traders, Investors and Speculators of Charts📈
I've been focusing on altcoins with use case and good upside potential and SUI is one of them. Although SUI has recently increase 70%, this altcoin can still increase exponentially from here once the market cap picks up.
Endorsed by Ledger; Sui is a decentralized layer 1 blockchain that uses a specific type of proof-of-stake consensus named delegated proof-of-stake. Sui is a unique blockchain using the Move language and parallel transaction execution, which allows it to process transactions much faster than its competitors.
In short, Sui aims to increase its scalability without compromising on security by using a combination of the native programming language Move, parallel processing of transactions, and delegated proof-of-stake consensus mechanism.
This way, Sui allows for fast, private, and secure digital asset ownership accessible to everyone.
The nascent project has a flourishing ecosystem of dApps ranging from NFT and DeFi to GameFi. With scalability and fees remaining a concern, more and more developers are expanding out to other ecosystems. SUI is a solid project and over time more and more people will start to build on it - and use it.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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BINANCE:SUIUSDT
GBPJPY - Rising Channel Into Structure Resistance The GBPJPY has been bouncing back & forth between structure with the most recent move being one back into a level of previous structure resistance.
At this level we also have a rising channel along with our RSI going overbought 7 showing bearish divergence.
Targets are taken using a combination of price action analysis, & Fibonacci tools.
If you have any questions, comments or want to share your views & analysis on this pair. please do so below
Also. remember to hit that like button & show so love before you leave.
Best of luck this trading week. - Akil
HSI Short: Expecting Wave 3 of 5 downPlease note that the last 20 seconds of this video is me trying to figure out which tab is my recording on in order to stop the video (LOL).
Anyway, this is an update to HSI and that I expect it to fall even more this coming week. I expect the trendline to break and move down to ultimate target of 15000-15100 over the next 2 weeks.
NASDAQ - Where Will The Pullback Terminate At?A look at the NASDAQ & a prediction of where it's current pullback is likely to terminate at using price action analysis, structure, Fibonacci tools & volume.
If you have any questions, comments or want to share your analysis/ideas on the chart please leave them below.
Akil
Market Cycle - Accumulation - KEYUSDKEYUSD - Selfkey - weekly chart
Here, I use the FIB to show my thoughts on potential targets for KEY in the coming Bull Cycle.
You can see that the 3.618 FIB purple line, has been where the past few cycles on KEY have targeted. I have noticed this on MANY coins.
If this plays out, we could potentially see 15X on KEY from current levels in the next bull market, after BTC halving, I suppose. No one knows, but that's what I assume.
Not financial advice just my 2cents.
Please FOLLOW, LIKE, SHARE for more!
Tencent Short: Target $246.Firstly, apologies for coughing around the 8th min (too much chocolate).
Basically this analysis builds on top of the HSI and China A50 analysis that I've done previously and that I expect Tencent to move down to $246 and hits the lower channel line as well as 1x of wave (1) distance by 2023 year end.
Short-Term Rebound for DXY means Good Moment to BUY Gold!Last night, dollar get underpressure along with another pressure on bond yield. The technical moves as what I share last night.
So, we update the condition.
Dollar and Bond Yield have to retest the resistance before get another pressure. Therefore, Gold will have some correction on short-term. But, the good news is "correction means good momentum" to look forward the "cheaper" price to buy gold.
As long as support trendline at 2070 doesn't break, you still have another chance to buy gold.
Put the Stop Loss below the trendline support or below the historical low 2062. While the target expected at 2093 or 2109.
What do you think ?
Navigating the Markets with Fibonacci ChannelsToday we delve into the fascinating world of Fibonacci Channels, a powerful tool for traders looking to identify potential non-horizontal support and resistance levels in the market.
Throughout the video, we provide a step-by-step guide on how to place Fibonacci Channels on price charts, allowing you to visualize and understand their significance in identifying key price levels. We also showcase real-world examples to demonstrate how Fibonacci Channels can be used to find points of interest, such as trend reversals and price targets.
Furthermore, we discuss the integration of Fibonacci Channels with other technical indicators, providing insights into how this combination can enhance your trading strategy. By the end of this video, you will have a comprehensive understanding of Fibonacci Channels and the ability to confidently incorporate them into your trading approach. Get ready to unlock the potential of Fibonacci Channels and take your trading skills to the next level!
Kaspa Daily RSI corresponds with previous buying opportunitiesKaspa's daily chart recently made a hammer candle after almost reaching a 0.618 fib retracement, implying a possible reversal. However, is this a time to buy the dip or will this keep going down? Current lows on the daily RSI correspond with previous buying opportunities.
S&P Short; Wave 5 target reached, RSI(7) pattern recognisedIn Summary:
1. We see 5 waves up and wave1=wave5, and it doesn't matter if it is a 1-2-3-4-5 or a W-X-Y-X-Z. The next move should be down.
2. RSI(7) crosses 88 and based on 3 other historical instances of similar preceding pattern, the next move should be down.
3. The risk-reward is better on the short side than the long side.
HSI Short: Target 15000 till EOY 2023My previous analysis of the Hang Seng Index was invalidated. And now I've done a revamp of the wave counts for 2023.
This is the summary:
1. Hang Seng will continue to fall either till Christmas or EOY.
2. Target support, or end of correction, will be 14980-15100. Look out for this support zone.
Kaspa Bull Flag or moving towards a Golden Pocket?An observer with a bullish bias might see a bull flag in the current chart, but Kaspa seems tied to the market recently and heading downwards. The key psychological level of 10 cents can be seen in the chart structure as a potential downside target, but a .618-.786 fib retracement would indicate a possible value zone back within its long-term ascending channel.






















