NFLX has added 20% to price in the two months since the last earnings which were decent but not remarkable. The 2H chart shows a dip of about $20 per share coincident with a fall from the second upper VWAP line to support from the first upper VWAP line. The zero lag MACD shows line rising over the horizontal zero level in perhaps a sign of bullish...
A H&S has formed on the daily chart, this time it has broken below the neckline that has been succesfully retested with declining volumes during the formation of the pattern. So far a textbook H&S contrary to the previous one i published who never broke below the neckline. The potential drop of roughly 20% would be right on the 19$ GAP area and right around the...
Hey Rich Friends, Happy 2nd Quarter! I wanted to share my technical analysis of GBPUSD on the H4 timeframe. Make sure that you check the indicators on your chart and check the news. Here is what I am looking at: - The candles have already rejected the previous supply zone - It looks like a bearish harami candle pattern is forming - The stochastic looks like...
BTC is presenting some Wedge pattern were we can expect some correction ahead. Be patience on allocation.
Introduction APOLLOTYRE, a leading automotive company, has been making waves on the NSE Stock market recently. With its stock price bouncing back from a bearish trend, the company's shares have caught the attention of technical analysts and investors alike. In this blog, I'll take a closer look at the technical analysis of APOLLOTYRE's stock price and evaluate...
Buy BTC-USDT Now! Target: New Highs wiWe've got a hot tip for Bitcoin trading that you won't want to miss! Here’s a quick breakdown: Buy Signal : Our analysis suggests an immediate buy signal with an entry point at around $67,500 . This recommendation is underpinned by a study of daily Moving Averages (MAs), particularly the 50-day MA's behavior (orange line),...
NZD/USD reacted positively as the RBNZ kept rates again at 5.5%, appeared a little more worried about inflation than the last time and said it is necessary to maintain a restrictive stance to reduce price pressures. The move above the EMA200 gives it the opportunity to take out the 38.2% Fibonacci, but does not yet inspire confidence for further gains that would...
Market positioning data from the COT report shows that asset managers and large speculators are piling into longs, yet shorts remain subdued. The price on the 4-hour chart also shows an established uptrend within a bullish channel. Prices have not yet completed a 3-wave retracement against the trend, hence the bias for a slightly deeper pullback before its trend...
Do you see what I see? Do you hear what I hear? Do you feel what I feel?
AMEX:SPY April 10, 2024 15 Minutes. AMEX:SPY opene gapup. But a sell bar as the close was near low of the bar. And 520.5 is not crossed. As expected took support at the rectangle. No trade for me. I think I will skip this week. I do not like the bar formations in the chart. Let it form a base as moving average nearby. No trade is also a trade.
Bitcoin, the world's most popular cryptocurrency, is facing a wave of uncertainty. While some investors eagerly await the upcoming halving event, anticipating a price surge, analysts warn of a potential downdrift. The Halving Shadow The Bitcoin halving, scheduled to occur in 10 days, is a pre-programmed event that cuts the rewards for mining new Bitcoins in...
LYFT on a 15 minute chart hit a high pivot about 3/20 and then fell until April 4 where a low pivot reversal occurred. VWAP lines and a volume profile serve to support a bullish bias. LYFT will likely rise to the Fibonacci level on the chart confluent with the mean anchored VWAP or the zone of 19.25. If there is enough momentum passing through that high volume,...
Hey Rich Friends, I forgot to post the initial idea for this EU Bearish move but I was happy to see the market went in my favor! I analyzed the market around 10:00 AM EST on July 24, 2003, to get my confirmations and set a sell limit at 1.10850. When I am looking for a sale, here are the things I look for with my strategy: 1. Candles are forming below one or...
NZDUSD took a while to make this move but it finally happened! - Structure was broken on the upside confirming the Bullish trend. - Green candles crossed above both EMAs (50 and 200). Bullish conditions met. - MOM facing up and above the 0 line. Bullish conditions met. - STOCH facing up and above 50. Bullish conditions met. TP 1 and TP 2 HIT. TP 3 PENDING
The main reason I decided to sell at Market Execution is because: 1. Candles are below both EMAs. 2. MOM is facing down and below 0. 3. STOCH is below 50. SL: 0.62550 OR HIGHER (40 pips or more) TP 1: 0.61750 (40 pips) 1:1RR TP 2: 0.61550 (60 pips) 1:1.5RR TP 3: 0.61350 (80 pips) 1:2RR Result: Pending Please Do Your Own Analysis And Use Proper Risk...
Small Bearish move made on NU! 40 pips secured from Sell Limit idea at 0.62150 SL: 0.62550 OR HIGHER (40 pips or more) TP 1: 0.61750 (+40 pips) 1:1RR TP 2: 0.61550 (60 pips) 1:1.5RR TP 3: 0.61350 (80 pips) 1:2RR Result: TP 1 HIT! ✅
Bearish idea complete! All 3 TPs were hit. 80 pips secured from Sell Limit idea at 0.62150 SL: 0.62550 OR HIGHER (40 pips or more) TP 1: 0.61750 (+40 pips) 1:1RR TP 2: 0.61550 (60 pips) 1:1.5RR TP 3: 0.61350 (80 pips) 1:2RR
Potential SELL AT MARKET EXECUTION OR SELL STOP AT 0.67100 OR HIGHER SL: 0.67500 OR HIGHER (40 pips or more) TP 1: 0.66700 (40 pips) 1:1RR TP 2: 0.66300 (80 pips) 1:2RR - Candles crossing below 200 EMA and the structure has been broken on the downside. Bearish condition met. - MOM facing down. Bearish condition met. - STOCH facing down and below 0. Bearish...