Trend reversal in the cards here, or at least a correction during a longer term sideways consolidation before rallying higher over time. Either way, the short term trend is now down after hitting the resistance level I outlined in my previous publication. As long as below $202, $TSLA is at risk of a selloff towards at least $117.96. I would suggest caution, and if...
Looks like the rally in $CYBR is done here, as long as below $148 give or take, we can expect downside action from here onwards. The target and time duration of the move could evolve and change slightly but if the stop holds the trend will likely remain down. Best of luck! Cheers, Ivan Labrie.
Let's examine the facts real quick: down trend in the daily timeframe hit the target, intraday bars show a bullish reversal into the close after that, weekly trend remains potentially bullish over time, monthly down trend ran out of time. I'd wager that this is the bottom of this correction here, seems like a low risk bet. Bet small, use relatively wide stops and...
Simple scenario here, bearish while below $61.74, accelerates if below $53.66... Best of luck! Cheers, Ivan Labrie.
$JPM has a very nice and tight reward to risk setup. Upside is substantial, and considering the recent turn of events logical. We likely see some rotation from growth to value next, and financials are looking like a beneficiary of the latest econ data prints. Best of luck! Cheers, Ivan Labrie.
I suspect we are seeing a large scale reversal in the dollar, which will be further confirmed if CPI favors renewed hawkishness surpassing current consensus estimates (consensus was already shaken by NFP yesterday, and would be further shocked if CPI allows Powell to keep hiking for longer than expected, or even do larger hikes as well). The BOJ governor change is...
Decent retrace after triggering a trend breakout here, risk down to $2.49 here. Upside to over $3.12... Best of luck! Cheers, Ivan Labrie.
Interesting signal here in $DOTUSDT, upside is substantial and could be the start of a larger trend swing. Seems worth a shot on the long side, stop area is below $6. Best of luck! Ivan Labrie.
Low risk buy in $AMD here if it holds support at $78.76 and shoots up from here, the weekly trend signal that is active now will take over and send the stock up towards $96.12 within 5 weeks or less. Best of luck! Cheers, Ivan Labrie.
Nice setup in #Chainlink here, good upside if it hits target #2 but mainly interesting as it could be a longer term reversal at play, in which case the reward to risk is astronomical. Best of luck! Cheers, Ivan Labrie.
I suspect something big could be brewing here in #Ethereum, I'm long and aiming for the weekly target here a bit over 2k within 4 weeks or less, if this happens, next month can see a longer term trend signal trigger, which would be a huge reward to risk scenario to let this trade run and capture that upside eventually (circa 49.8:1). Best of luck! Cheers, Ivan Labrie.
Weekly trends have often been a good way to ride crypto swings, so I keep an eye on them. Nice setup here in Zilliqa's chart. Best of luck! Cheers, Ivan Labrie.
After consideration of the market sentiment and fundamentals USDCHF might shift to the buyers side next week. Keep an eye on the pair for the opportunity.
This setup can lead to a larger failure of a weekly decline signal, which could cause a major move in $ZW_F. I'm long May futures here, paying close attention to how it develops, if the signal isn't stopped the trade could be held for longer until the chart evolves into a higher timeframe trend potentially, that would be the ideal scenario here. Best of...
Nice setup in #Wheat here, might prove to be a long lasting bottom if this setup works right away... Best of luck! Cheers, Ivan Labrie.
Low risk buy here, specially if the stock breaks into higher highs tomorrow... Best of luck! Cheers, Ivan Labrie.
Nice setup here in $XOM, new 52 week highs on higher than average volume with a Time@Mode trend signal confirmation this week. Monthly and yearly trends are up, overall oil stocks could continue being the best prospect with a potential rebound in inflation figures coming next, Russia 'cutting' production (likely forced to do so by the effect of crippling...
I think this is a low risk in energy here, I specially like $CVX due to the reward to risk ratio and general fundamentals and long term chart variables at play. Best of luck! Ivan Labrie.