This stock in neutral mode - means neither good for selller or buyer
For quity trader --
please trader according to my red Trendline price and sell above Trendline
-- stopp loss is mandatory if Trendline broken
For option trader -- seems market can go up 200-300 points to touch upper red Trendline
For more chart analysis comments me in this post.
Yesterday Idea went good , though short position
as i said was risky and got stoplosed at entry,
though longs are blowing up insame profit.
We are now moving in high resistance,
On higher Tf we are extremely bullish
while on lower we are looking kinda bearish ,
we might get spike soon like 600 dolars
15m candle for 800 dolars. I dont know if it is good
My trading plan does not allow me to buy into new highs.
However it's not safe or practical to aimlessly short the high.
A sell stop order is how I safely trade the highs.
I am Bearish to Neutral for now. Waiting for significant signs of bullish support.
Seasonally, the market is Bearish/ corrects on average going into February.
If you've been following GME with me, you bought at 12.5 and below last month.
Sell target 1 was 16.9, we came close but lost a tiny bit on the first topside pump.
We bought the dip around 14.02 and below, and we were looking for 18, 21, and 25 with small retracements in between.
I'm not sure, but per indicators, it seems we might see the higher targets of 21...
Just an idea, you can see Xrp went for $0.1665 to $0.5000
Then snapped back to $0.0085 before ripping up to $3.50
Always watching this coin because we all see it’s huge pontential, with BTC making a pattern to drop and black rock trying to control the market, I imagine we could see a sharp push up to collect, followed by a heavy retracement down before take...
I have been using Strangles in NYSE:BEKE for the last weeks, strikes 15/16 with expiration every friday, made a whole bunch of money, price is usually around that channel. If price ends up outside the channel just rollover.
Uncertain EURUSD, but These Levels are likely Important
Dear Esteemed Members,
I know when I say the EUR can go up or down, doesn't seem to be useful, but I believe the outcome depends on resistance or support break and fundamental factors.
As per the latest technical analysis updates, it is widely agreed that the EUR/USD exchange rate is currently...
USDCAD has been Ranging in higher timeframes.
On lower timeframes, a Bear market predominates.
Price approaching Significant Zone: 1.30900 - 1.31775
Although zone was used previously as support, momentum indicates probable continuation passed this zone onto lower prices - unless proven otherwise by future price movements.
Opinion is currently Neutral ...
According to the Bureau of Economic Analysis, US GDP in the third quarter increased 5.2%, up from an estimate of 4.9%. Stronger GDP data boosted the USD.
Expert Jeffrey Roach of LPL Financial, a financial company, said that inflation is trending down, consumers are still spending but at a slower pace, and the Fed can end the cycle of raising interest rates...
The technical analysis for XAU/USD (Gold/US Dollar) is showing a neutral to slightly bearish sentiment at the moment. The summary from a technical analysis is neutral, with moving averages giving equal buy and sell signals (6 each). However, the technical indicators are leaning more towards sell (4) than buy (2), suggesting that there might be a slight bearish...
As you can see here we are at a demand zone. But, we are consolidating at this zone and that usually means we break through the zone. If we bounce off of the zone, I will look for it to retest the recent trendline that we have just broken. But, if we break through the zone, I will be looking for the stock to fall all the way down to the bottom Bollinger Band on...
The CMP(current market price) is at weekly resistance zone.
Below scenarios can happen:
1. Bear :: If a daily candle closes below 82.5920, advisable not to enter the market as the triangle is about to converge leading to triangle breakout & also the Risk: Reward ratio would be small.
2. Bull :: If a weekly closes above 83.2850, this is a ascending triangle...
#Nifty50 Levels for 04-08-2023
> If you're following these zones then kindly follow the rules too. Risk management, Position sizing, Confirmations.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to...