Hello traders and investors! Let’s see how NIO is doing today! NIO dropped sharply last week, but it seems we have some reaction now. We started to trade above the 21 ema again, and yesterday we did a pullback to the 38.2% Fibonacci’s retracement area, which is a good thing. Now, the main challenge will be to defeat the $ 36.63. This point was a resistance on...
Hello traders and investors! Let’s see how PLTR is doing today! As we thought in our last analysis, since PLTR lacked stronger bearish structures, it stopped at the gap area, which is working amazingly well as a support level. Now the bias is not bearish anymore, as the 21 ema got flat, and it seems PLTR wants to reverse. The $ 23.97 is a pivot point, and by...
Hello traders and investors! Let’s see how the SPX is doing today! As we mentioned yesterday, the fight is not going to be easy here, and the index lost its support level yesterday, and it filled the gap as we thought. Now we have some new key points to watch. The 50% Fibonacci’s retracement is trying to hold the price for now, and the next retracement is...
Hello traders and investors! Let’s see how TSLA is doing today! The support at $ 760s worked nicely for us, since our last update, and now TSLA is trying to break free from this congestion. We’ve been moving sideways since the end of September, and the $ 800 price area is the ceiling for TSLA. As long as it doesn’t break the $ 800, and close above it, confirming...
Hello traders and investors! Let’s see how the SPX is doing today! We see some very interesting movements here right now. In the 1h chart, it is holding around the 4,375 (previous top), which we talked about in my last analysis. This is a nice support level, and this reaction is important because it is trying to create a bullish structure. This could reverse the...
Another name that has been pulling back into a flag, Keeping an eye on for a possible breakout
BBVA is a Spanish bank that provides retail banking, wholesale banking, asset management, and private banking services. It offers banking services in Spain, Mexico, South America, the US, Turkey, Asia-Pacific, and Europe. This morning, Oct 5, BBVA opened with a substantial opening gap clearing two areas of S/R. Since Nov of 2020, BBVA has been in a solid upward...
Hello traders and investors! Let’s see how PLTR is doing today! We had a Red Monday yesterday, and PLTR crashed along with the rest of the market. Now, what’s for us here? First, let’s keep in mind that PLTR just filled its gap at $ 23.19, and now we have the beginning of a bullish reaction. This candlestick pattern could be a Harami, which is not the best...
This idea is based on a regular gap structure. And the stop is a hard stop. I expect a final liquidity run to make sweat trapped shorters a little bit more, and possibly fill the gap at least to green box. Green box may be a good area to flip to long, but we'll see. I'll close the position if I see an hourly close above entry. Trade only your own ideas and...
The Securities and Exchange Commission has extended the deadlines for four Bitcoin ETFs. The Commission cited the need for additional time to “take action on the proposed rule change.” Cryptocurrency proponents remain hopeful for the approval of a US Bitcoin ETF in the near future. Exercising its statutory powers, the SEC has extended the time frame for revealing...
Hello traders and investors! Let’s see how AMZN is doing today! Since our last analysis, AMZN triggered the bullish signs we were focusing on, and it went up nicely, until it gave us a reversal sign. Now, AMZN is not bullish anymore, but it is still not bearish at all. Since we just retested the previous support level at $ 3,305, AMZN has been moving sideways....
Hello traders and investors! Let’s see how NVDA is doing today! In the 1h chart, we did a false breakout from the previous support at $ 206, and we are going up nicely today. In fact, today’s reaction is quite important, as this might be the beginning of the famous Gap Reversal Ritual . NVDA did three different types of gaps during its last bearish leg....
Hello traders and investors! Let’s see how NIO is doing today! We have an important reaction right now, as NIO is trying to trigger a Double Bottom chart pattern by breaking the $ 36.50 area. It seems the $ 34.510 worked as a nice support, after all, and this might bring something new to NIO. We still have two open gaps, and by triggering this Double Bottom, the...
I'm a bull on $PLTR. Have position average $26. I see $30 being first resistance. Trapped bulls can put their sell orders there.
Hello traders and investors! Let’s see how PLTR is doing today! Since our last analysis, PLTR did confirm our Double Bottom pattern above the $ 26.07, and it resumed the bull trend nicely. Now it is doing a pullback to the 21 ema in the 1h chart, as usual, and the situation seems to be under control. Yes, PLTR is dropping today, but since the volume is so low,...
Hello traders and investors! Let’s see how NVDA is doing today! After it defeated the pivot point at $ 214.56, NVDA reversed the trend nicely. It quickly filled the gap (yellow area), making it an Exhaustion Gap, and now it is trading slightly above the resistance at $ 224 , which is a good sign. There’s still a chance that it’ll do a pullback to the 21 ema...
Hello traders and investors! Let’s see how AMZN is doing today! This week AMZN dropped sharply, but is there any reason to panic? Let’s see. I would be worried if we didn’t see any bullish structure around, which fortunately, is not the case. We have a pivot point at $ 3,379.70, which is supposed to work as a bullish reversal pattern. The catch is that the...
Uber resisted recent market sentiment and stayed green at the end of the day. Now, it's up with a 5% lead after some good news. Now, as a day trade, I'm looking for a gap fill down to buy the bottom or a slow trend up. The yellow lines are s/r from weekly lines. These can be key supports and predictably the first line it will test if we see a downwards motion on open.