AMEX:SPY May 8 ,2024 15 Minutes. As expected, AMEX:SPY was in sideways. Forming a HH, HL pattern. For the last rise from 514.89 to 518.87 it retraced 61.8% yesterday around 516.5 levels. So, for the day I will buy above 518.6 and sell below 515.6 for a target 513.5 to 514. I expect a move only above 520 at the moment. Need to cross the 519-520...
The 21 week MA was tagged last Wednesday for CRYPTOCAP:BTC Watching the 21 week SMA & 50 week SMA can serve as a great medium term risk gauge for Bitcoin Crosses of these moving averages have been decent 🟢buy &🔴sell signals to date The 21 week SMA held for the 2015/17 bull run, and it holds today. All the same I would not be surprised to see price...
Potential Short term Buy on Lower TF Overall Bearish Market on the higher TF. Pay attention to the market structure & price action.
Looking at the 4h and daily time frames we can see that price has bounced/rejected the 382 fib level and could be looking to push higher. There was a small order block below around 2310 which price headed towards before making a reversal. This area presented the 382 fib level which has had some short term rejections. With this, the 382 is likely to predict a 618...
Bearish trend was broken on Daily and Weekly last week, which made the Market bullish again Market Structure Bullish on HTF Weekly and Daily at the same AOi Weekly Rejection from AOi Previous Weekly Structure Point Daily Rejection Candles Daily EMA Retest Previous Daily Structure Point Around Psychological Level 0.81500 H4 EMA retest Candlestick Rejection at...
AMEX:SPY May 7,2024 15 Minutes. AMEX:SPY managed to stay above 510 levels. Now we have 100 and 200 also near 510 levels. Now holding 513 levels uptrend intact. 513 is the 61.8 % retracement for the fall 524.61 to 493.86. 510 is important because it is 38.2% retracement for the rise 599.55 to 516.61. For the day holding 514 levels i have a target 518-519...
Here's a set up that will be meaningful: NASDAQ:TLT breaking out through the downtrend AND weekly EMA30. The area to watch in the green box 👁️✍️
AMD on the daily. Bullish RSI divergence at the .618 Fibonacci level and 200 EMA.
If you haven`t bought MA before the previous earnings: Then analyzing the options chain and the chart patterns of MA Mastercard Incorporated prior to the earnings report this week, I would consider purchasing the 457.5usd strike price Puts with an expiration date of 2024-5-3, for a premium of approximately $5.95. If these options prove to be profitable prior to...
NSE:CIPLA Day TF Healthy Hammer candle formed in day 15 Min TF Price is under consolidation which is very good sign for further movement Price has rejected from support level. Price has reacted well with 200 EMA & 50 EMA today. Good Recovery after 10 AM Buy: Risky trader: Buy at 1428. Target 1% Direct Gap-up entry should be avoided Get confirmation...
We wake up with the news that Warren Buffet has sold a grand part of his $APPLE shares. Looking at the graph, the price has "casually" printed several bearish patterns and divergences, and it's currently potentially reacting to the 0.709 fibo of the bearish pullback, in order to look... lower prices? A double top with bearish divergence is a very strong bear...
Day TF: Overview: After the big up trend from November 2023, price has reached new all time high couple of times and under consolidation from two months. Again the price has bounced from support but this time with W Chart pattern & more importantly Fibonacci at 0.382 Level. Inside candle price break in weekly time frame If stock found some consolidation...
Not buying today despite the discount because a gradual downtrend has formed. As long as that pattern holds, it will continue to make lower highs and lower lows over time (doesn't sound fun). That said, if it can eventually break out of the downtrend (which is currently running next to the 50-week EMA), I would consider starting a position (even though it would...
4h BTC DCA entry $39866.60 DCA Summary for BTC Assumptions: Initial price of BTC: $46,666.66 Next possible short-term DCA entry price: $39,866.60 Current market price: $43,006.66 Calculations: As the current market price ($43,006.66) is higher than the next possible DCA entry price ($39,866.60), buying now wouldn't contribute to lowering...
Looking at the daily chart, it seems like the short term momentum is waning a little. PPM1 is on its way down and has just crossed its first derivative, suggesting we have at least temporarily topped. The 10 SMA is also showing downside movement. The PPMs 2 and 3 are still holding on it seems. So are the upward slopes of their respective SMAs. So we could get...
Typically, if the price falls below the 111D moving average for more than a few days, it signals a downtrend in price to come for the next significant period of time. The 350D moving average (green) is still likely to trend upward for the next 2 years at least. Price will likely catch up to this 350 Day Moving Average (350D MA) in the coming years, probably at a...
Bitcoin will remain in an uptrend with minimum price action and slow days overall. I expect it to continue to look this boring for the next couple of weeks. This is usually the time when people are short and fear a break down even though we have already bottomed. The smart investors are accumulating.
Hi, traders. Last week, candlestick broke below 5MA again, and 5MA itself has clearly fallen below 20MA. Since candlestick is above 100MA, I believe the price will still rise in the long term. However, unless candlestick clearly breaks above 5MA, the price is expected to decline in the short term. # Current order of the candlesticks and MA lines 20MA (blue) >...