• Yesterday, the SPX corrected just to hit our support at 4,100, and now it is stabilizing in this area;
• We have been monitoring the 4,100 for a while, but we clearly stated that this was our support level in my previous analysis (link below this post);
• It is still a risky situation, and if the index loses this support it might trigger a sharper correction to...
Bias: Bearish chop
Top Watches: Tune in to my Live Stream @ 9:45 EST for my full list of top stock watches
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• NIO is still in a long-term bear trend, however, it is doing an important reaction this week;
• It is confirming a bottom sign, just above the support at $9.40 (Support in Oct 2022, and Gap from Jul 2020);
• Only if it loses the $9.40 I see NIO seeking the purple line below the price, maybe even the $5.70 (Jan 2020 top level);
• However, the recent reaction...
• TSLA is doing an important reaction, as it is trying to reject the Dark Cloud Cover candlestick pattern, our top sign from Monday;
• This top sign wasn’t completely rejected yet, but even if TSLA resumes the drop, there are many support levels to hold the price;
• The first support is the $154, then the gap area around $146. What’s more, there is the 21 ema,...
Bitcoin made sharp reversal and strong recovery last week, which we see it as a five-wave bullish impulse from Elliott wave perspective.
With recent sharp decline into wave (a), followed by current recovery in wave (b), there's a chance for another wave (c) drop to complete a higher degree wave "iv" correction. Ideal support comes around 20.000 level that can...
I always provide you with very interesting ideas on Bitcoin and other altcoins. This time, we will take a look at all visible and invisible gaps.
The first chart is from Binance SPOT and the second chart is from CME Futures. You know that phrase: "All gaps need to be filled." Is it true or not? Let me know in the comment section right now!
As you can see,...
The analysis includes multiple methods of technical analysis to produce a map.
The labels for the chart and what the chart says are on the chart itself, more information about how to create a chart like this will come with updates to this idea.
A quick rundown of what I do use are:
Trend Line to extend from two lowest structure closes.
Horizontal Ray tool...
#BTCUSDT - Short YOLO Opportunity
Lots of Bearish indicators going on here now. Can go for a bit of a yolo BTC short here. Might pay off really well. Although we are seeing some random BTC pumps coming in although it is looking like people are starting to realise some profit now.
Entry Conditions:
- Bearish Divergence
- 200EM Daily Rejection
- Ascending Wedge...
ZYME peaked @ 59 in Jan2021 and had been generally on the downtrend since. It began to bottom around Feb 2022 (after a 90% plunge!) and had been consolidating in a sideway range until the 200 day MA began to come down and flatten out.
Today it gapped strongly out of this range high of 9.28, a possible breakaway gap that will increase the odds of a valid...
Stock breaking out after digesting a great reaction off of earnings. Earnings growth on this name are fantastic. Not in a growthy environment, but this name is certainly one of the best-looking growth stocks out there at the moment.
This is a daily chart of Veeva Systems (VEEV), a healthcare technology company that provides cloud solutions for the global life sciences industry.
When the company reported its earnings on August 31st the stock price subsequently gapped down, as shown in the chart above. From a probability standpoint, this gap is likely to be filled for the reasons below.
1....
Back in to a Supply zone where price fell sharply, possible that there could be a reaction again from here and if so some Imbalance left behind on the 4hr to target?
By no means is this an area to blindly just click sell, use lower timeframes to identify a trend change and manage your risk :)
DJI Dow Jones is looking very bearish now in right shoulder in head and shoulder chart pattern, gap fill and strong Fibonacci 50% and 38.2% retracement level. Drop a like and comment for more free analysis, signals and education.
The Head and Shoulder Pattern
This head and shoulder pattern is in confluence with the two recent tops in 2018 around the 26800 zone...
Case Study: Nifty seems to be in a crucial position. It can either get stronger to give a flag pole breakout and extend higher in the near future OR BREAKDOWN to cover up the 3 remaining gaps.
We know that 99% of the time, Nifty fills its daily gaps and with these 3 pending, an up move will only mean a future down move to cover them up later.
It is better for the...
Bias: Bearish chop
Top Watches: Tune in to my Live Stream @9:45 EST for my full list of top stock watches
Follow @JLaing for a timely morning bias of the market, top stock watches, and live day trading every morning!
• Yesterday, TSLA did a classic bearish candlestick pattern: a Dark Cloud Cover;
• This is a top sign, and this could bring more correction ahead. The next technical support is at $154, while there’s an open gap at $146.41;
• TSLA failed to hit the technical resistance at $182.50, and this is a sign of weakness, and reinforces the idea of a correction, at least...
The reason because i am taking money is because we need a contraction to cover all the GAPS, and then continue, creating a fractal that I am almost sure could take us over 300 USD.
