Hello Community! Check out my swing & intraday key zones for my trading and also check descriptions of very famous Price Action formation called Gap. Full descriptions inside this idea. 🎉Gap Formation: Gap is an anomaly in price movement caused by the initiative of buyers or sellers. As part of a rapid movement, the buying or selling volume is not offset by...
X Intel has gaped down massively X Market moving higher=great help X Today breakout>>> X IF todays candle closes ABOVE the level=breakout is confirmed>>> X Long with options for gap closure X Targets on the chart LIKE & SUBSCRIBE= CARMA BOOST
I see 2 possible scenarios ahead. Unfortunately, both of them contain a correction before heading higher. >First scenario: The zone between R1 and 23.6 Fib level holds, which is also midterm support. In this case, going long could be rewarding. >Second scenario: 23.6 Fib level will break, then short it before going long. Short price target: 91.76
Hello traders and investors! Let’s what SPX is doing today! We are at the ATH again (what a surprise), and what can we do next? The hourly chart is in an insane bull trend, and there’s no sign that things are going to change. Pullbacks to the 21 ema are acceptable and normal, and if I were on SPX right now, I would only book my profits if I see a bearish pivot ...
Hello traders and investors! Let’s see how NIO is behaving today! It is doing some fantastic movements, but what to do with it now? There are a few strategies to use here. First, if you are out, there’s nothing else but wait for a pullback or correction . These movements are normal and healthy, and they will happen eventually. This way, you’ll jump in a safer...
Hello traders and investors! What a glorious day for Tesla, right? We see a new ATH, which is great, but what to do next? Let’s talk about it. I receive a lot of messages asking for targets on Tesla. When it was trading around $ 1k people were saying the target should be $ 1.2k. When it was around $ 1.5k, the target was $ 1.8. Then $ 2k, then $ 2.2, and now that...
Gaps normally get filled pretty quickly on the 1 day Persimmon chart, and with RSI levels being quite high a pull back is likely in my opinion.
Hello traders and investors! Let’s study BABA today! I see great potential on some Chinese tech stocks, and BABA is a good deal for sure. But since it is trading at its ATH, how to proceed? There are some simple strategies we can use here. First, if you are out, there’s nothing to do, but wait for a pullback. This way you’ll get a better price, and a safer trade,...
Hello traders and investors! Tesla did some very good and technical movements recently! Let’s see how it is behaving now, and how to proceed. The hourly chart is showing us that Tesla is passing through a pullback , and it is now trading around the 21 ema, which is a natural support for the price, at least in the short-term. If you are aiming for the long...
Hello traders and investors! Ok, SPX did another ATH, which is incredible! A few months ago, people thought the world was going to end, but we see a new record high still in 2020. Maybe this doesn’t make sense to some of us, but it does to Technical Analysis. The market is in a clear bull trend since April, and it seems nothing can stop SPX. Right now, it is...
Hello traders and investors! Let’s how Tesla is doing today! Believe or not, it is behaving exactly the way it should, as we already discussed in previous analyses. We saw, for the 3rd time in 3 months, the 3-gap pattern after an accumulation: Runaway, common and exhaustion gap . The last gap always gets filled in the short-term, while the others are still...
Hello traders and investors! Let’s do a complete Multi Time Frame Analysis (MTFA) on TSLA today! Let’s see how it is behaving and discuss some strategies for it. Tesla is in a strong bull trend, and there are a few things that we can do here. First, the hourly chart is suggesting a pullback to the 21 ema, which is a perfectly natural movement. Every time...
August 20 Trade Log “I have a bearish bias for tomorrow. If not bearish , at least consolidation below 11350. For short 11350 is alert level and then 11370 can be a stop.” My expectation was not correct. NIFTY opened the gap up and traded above 11370 for the day. My Trades No trades for the day today. My Observations for the day NIFTY closed...
In my trade logs of August 18 and August 19, I had mentioned why I am not not trading even when NIFTY is making high above 11400 August 18 Post August 19 Post From the post “All indicators are showing high bullishness. But as I said, since we are close to the monthly trend change level, I am being very cautious and not taking sides. What that...
yesterdays price action was a tremendous fake out. I expect it to bounce back and test resistance because we now have a liquidity zone of trapped buyers.
Hello traders and investors! We’ve been studying Tesla for a while, and it seems it is repeating its patterns after all! Let’s see what’s going on here. The recent bullish movement was triggered by a runaway gap , after it hits the support at the blue line around $ 1368 three times. Yesterday we saw a common gap , along with a breakout from a previous...
Hello traders and investors! Today’s movement was very impressive, indeed! Let’s see what’s going on here, but first, I invite you to follow me to keep in touch with my daily analyses! I’m every day here, to share a few thoughts with you, and I’m sure you’ll find something good around. Today’s movement was impressive, but not all surprising if you read my...
RSI broke out of the descending widening wedge. looks like it will go up.