Hello traders and investors! Yes, it seems all the patterns we discussed in our last study worked quite well, even better than I expected. Let’s see what’s next for AAPL. First, in the 1h chart the Island Reversal pattern, which we talked about last week, worked wonders, and AAPL finally defeated the resistance at $ 124, breaking free from the congestion . And...
Hello traders and investors! Let’s see how AAPL is doing today! First, it is inside a boring and annoying congestion , moving erratically without clear direction. But we have the $ 119.05 area to use as a guide, because it seems this is a nice support level for the short/mid-term. Recently, AAPL did an Island Reversal chart pattern near this support level,...
Hello traders and investors! Let’s talk about GE again! As we discussed in our last study, GE reacted quickly and denied the bearish pattern seen in the hourly chart of an Island Reversal , and it filled its gap. As usual, we have some congestion now, but only after it stressed the 21 ema in the daily chart. Also, if you missed my previous analysis on GE, the...
Hello traders and investors! Let’s talk about GE today! It is my first analysis about it, and I hope it helps! First, in the 1h chart we see that it is trading slightly under the black line at $ 13.27 , which is a Key Point, as it worked as support and resistance alike, in the recent past. If GE loses this point for good, we can expect a sharper pullback in the...
Hello traders and investors! Let’s talk about PTR today! We have multiple technical points to discuss here. First, in the 1h chart we have a classic Inverted Head and Shoulders chart pattern, which is usually a reversal sign. The Pivot Point is at $ 30.18. Now, it is doing a pullback to the 21 ema, and we’ll see how it’ll behave from now on. What’s more, we...
Appears to be in an island reversal. Watching for a breakaway gap from the box. Additionally, it appears the top of the box is a key level of previous support and resistance ($22.90 ish), with swing lows getting higher. My entry will be a gap up from this level with significant volume or after the break of resistance with a pullback to the $22.90 level confirming...
Hello traders and investors! Let’s study PLTR today! Ok, PLTR resumed the bull trend, as we expected it would in my last analysis, but today is doing another pullback . This is a natural movement, and PLTR could hit the 21 ema and this wouldn’t ruin the bull trend. In my last analysis (the link to it is below, if you missed) we discussed the several patterns...
Hello traders and investors! Let’s do a complete Multi Time Frame Analysis on Palantir today! Yes, PLTR defeated its first challenge in order to reverse the bearish momentum seen in the hourly chart: It defeated the purple trendline we discussed yesterday. Now, there are still some challenges, and we’ll talk about them here. And if you missed my previous...
Hello traders and investors! Let’s study PLTR again today, as we have some interesting movements going on. First, it lost the pink line that we discussed in my last analysis, so the short-term bear trend persists, but I wasn’t convinced that this would reverse the bull trend seen in the daily chart. Palantir still must defeat the purple trendline and the 21...
Lots to process here. Head and Shoulders, Gap ups, Island reversals
Hi Everybody, I hope you have not lost a lot due to BITMEX and Donald Trump COVID contraction. We will review briefly what is known as Island Reversal pattern on BTCUSDT 1D chart. 1. We can easily identify an Island Reversal at the end of maybe one-year BTCUSDT trendline. 2. The pattern occurs when two different gaps isolate a cluster of trading days or even...
Hello traders and investors! Let’s see what’s going on with Tesla now! As we discussed last week, Tesla is now in bull territory, as it is trading above the $ 408 again (red line). The false breakout didn’t occur, and the idea of a Dead Cat Bounce is off the table, at least in the short-term. Now, the momentum is bullish, and as long it keeps doing higher...
Hello traders and investors! Let’s do our complete Multi Time Frame Analysis (MTFA) on Tesla today and try to figure out what to expect next. First, Tesla is trading near a support level, which is the blue line, but it seems we have another bottom at the black line. There’s a trendline connecting the tops, that works as a resistance, and if Tesla defeats it, we...
Hello traders and investors! Would this be a Dead Cat Bounce? Or will Tesla fly again? There are some key points to keep in mind. First, if we look at the hourly chart, Tesla is just doing a pullback to the 21 ema, which is normal and expected. The problem is that the pullback is too intense, and this spoils the bullish momentum. Since the stock gapped up...
Sentiment: Short term Bearish Reasons: 1.Strong Weekly Resistance (Now Support) at 317.59 2. Bearish Island Gap on Daily Chart 3. Bullish Channel Breakdown 4.Selling Volume Increase 5. Rising Wedge Pattern Formed After Market Open Gap up 5. Decrease in Overall Volume During this Pattern formation Confirms its Strength
Sentiment: Short term Bearish Reasons 1, Strong Weekly Resistance at 317.59 2.Bearish Island Gap on Daily Chart 3. Doji Candlestick Pattern on Daily Chart 4. Bullish Channel Breakdown 5. Selling Volume Increase
From the 11 of June, the Island reversal remains intact and now the Spanish index tries to close it. We will see the mission will be a success soon, but what I would like to see is that the gap remain open and the bulls will be closed to the island. So from the red resistance zone at 7600, the IBEX should turn down as I was expected in the related idea. Closing...
Very bad news for the Spanish market, an island reversal(in the red circle) remain valid then the further decline will come and continuing pressure should lead the price near 6400. In this bearish view, I expect to see today gap remain open!