LSE:IBT March 15, 2024. 15 Minutes. NASDAQ:IBIT retraced back to 200 averages in 15 minutes time frame. For the rise from 34.03 to 41.99 NASDAQ:IBIT has retraced to 38.2 levels. And for the rise from 37.77 to 41.99 it had retraced more than 61.8%. So holding 39 resistance can be expected around 41-42 levels. On the downtrend i expect 37 as a target...
AMEX:SPY March 15, 2024 Minutes. The open bar gave a clue. Gap up. Close near the low of the bar. So sell. With SL as high of bar + few cents. The reason is my target was approximately 518-519 levels. gain NYSE:S to Y retraced to 61.8% of the retracement for the rise from 508.5 to 517.28. we have many long bars in the fall 517.28 to 511.83. I prefer to...
NASDAQ:LMB - Been bullish for a while - Showing support on a strong support level ~$40 - Down ~20% from all-time high - Company doing well generally - Take profit 1 ~$48 - Take profit 2 Open - Stop loss below Dec 2023 low of ~$37 I'll be going only with the $48 as I am not looking for a long-term investment *Not Financial Advice*
SEI - CRYPTOCAP:SEI There is a potential set up in SEI with a decent risk:reward ratio of 9.5 ❌We want high volume but we do not have it yet ✅OBV is breaking out (might be an early sign of volume to come) ✅ We are above the 21 day moving average and above the diagonal support line The 21 day MA and diagonal support line could offer a buying opportunity for...
Intel has fallen, and some traders may think it can’t get up. The first pattern on today’s chart is the bearish gap on January 26, triggered by weak guidance. The chipmaker has failed to recover since, even as the broader semiconductor index surged to new record highs. That may suggest it’s less favored than peers. Second is the January 17 close of $46.06. INTC...
Although there is a cup handle formation on the chart, the targets are drawn according to Fibonacci. Let's look for a closing above 38.72 as a formation condition.
Although there is a cup handle formation on the chart, the targets are drawn according to Fibonacci. Let's look for a closing above 152.80 as a formation condition.
According to the US Dollar Index, dollar longs are under pressure. Despite still technically exhibiting an uptrend, there are signs of technical weakness emerging. Since topping at 104.97 in mid-February (just shy of resistance at 105.04), price action has tunnelled through support at 104.15 (now marked resistance) in addition to channel support, extended from the...
AMEX:SPY March 14, 2024 15 Minutes. As expected AMEX:SPY retraced to 515 levels. Considering the rise from 504.91 to 518.22 AMEX:SPY retraced to 508.5 which is more than 61.8% of retracement. Hence AMEX:SPY is struggling to move up. If we consider the fall 518.22 to 508.5 SPY needs to be more than 514.5 levels which is 61.8% retracement for the fall....
In this chart I have a very good example by using Stan Weinstein's Stage Analysis method from his classic book Secrets for Profiting in Bull and Bear Markets. The Gold on the 4H chart Stage2 is finished when the price did not make a new HH also the price break the last HL under MA Stage3 is sterted by retesting the last HL and formed a new LL Stage4 is started...
This market is up broke above the levels of support the volume is good RS is positive above Zero level long at 216 SL 175 TO 299
AFRM is tightening into a wedge on the daily chart. Trying to break out and now sitting up above all three major EMAs. 12% short interest could add fuel to the fire if this decides to squeeze.
SQ is testing this downward resistance it's been stuck under since about May 2022. This is the fifth attempt at a breakout, so you have to wonder if it's finally time. Creating a bit of a cup and handle on the daily chart, and now comfortably above the 200 EMA. A high volume break or a red to green open should send this above resistance. Initial targets $90 and $100
United Rentals has trended higher since October, and some traders may see opportunities in its current pullback. The first pattern on today’s chart is the rally to new highs on January 25 after earnings beat expectations. The industrial stock has held that move without a significant retracement, which may suggest that buyers outnumber sellers. Second is the...
Microsoft has been rallying since October, and now a recurring pattern may be present again. This chart highlights bullish breakouts by the software giant in October and January. First you have tight consolidation against support. MSFT first held the October 13 closing price of $327.73, followed by the December 4 closing price of $369.14. In both cases falling...
Although there is a cup handle formation on the chart, the targets are drawn according to Fibonacci. Let's look for a closing above 10.903 as a formation condition.
Attention: This is a mid-term technical analysis. Support area: 183 to 209 Dollars First resistance: 270 Dollars First target: 300 to 305 Dollars Good luck!