Hi Traders/Gamblers, This is by far my most intricate and detailed analysis of Gold following a distribution that took place a few months ago, as shown. We have hit our target area for gold as shown and stipulated. Following the DXY's downward it has since settled and seems to be consolidating giving signals of a reversal with a H&S as well as distribution...
This is not a financial advice. Stochastic thoughts. Good luck!
Now the situation is getting clearer on NIO to me. I see a consolidation between the 42.34 and the 40.89. To the side it breaks, we’ll see a good movement next. If NIO breaks the upper line, then the 46 is the next stop. If NIO breaks downwards, then the 20ma is the target. It seems simple enough to me, but it is not over yet! The problem is the RSI. We have...
The divergence on the RSI is one of the reasons why I’m cautious on PLTR right now. I don’t see it crashing or anything, but I’m just waiting for another pullback to trade it again. Our last trade was amazing, and I’m sure PLTR will give us another opportunity, but now it is not the time, it seems. Keep in mind that PLTR is right at a resistance in the 4h...
Yes, PLTR did break the pivot point we mentioned yesterday, and it quickly hit its resistance again. I’m still waiting for a better risk-reward ratio, but I’m happy for those who did catch this trade. Now, the chart looks like a flag pattern, but I think it has to hit the 20ma one more time, at least. The 4h chart looks very overbought, and it is in a...
Yes, NIO is doing amazingly well, but nothing can go up forever. At one point, we’ll find NIO around a support level again, and this is going to be just another chance for us to trade it again. We did a great trade last week, so, I'm fine waiting for the next one. For now, we see that it lost the 20ma, and the volatility is decreasing, as the BB gets tighter. The...
Spy previous double top in last 3 years. - May 19 - 7% drop in 33 days - Sep 19 - 5.25% drop in 15 days. - Oct 20 - 8% drop in 18d
Will be watching to see if this plays out for good long-term entries- Triangle forming with a bearish butterfly inside. Overbought and bearish divergence on the RSI. Rejected the supply level circa $2645. **just thoughts**
Ok traders! PLTR didn't confirm the advanced breakdown we talked about yesterday, and today is flying again! Now the 22 was left behind, and it can even work as support next. For now, the $ 24 is the second target, but since it already broke our initial target, it is a good idea to sell something around 25 - 50% of the trade. The RSI tell that we are overbought...
We are living through the greatest economic expansion in American history. It has become very clear to me that the stock market is no longer a measurement nor reflection of the health of the "real economy" where average everyday people make their income. If it was then the federal minimum wage should be over $30 an hour compared to economic gains our economy has...
The Nasdaq looks great, and it is flying as we thought it would, but we might see some correction tomorrow. It seems it is too overbought, at least in the short term, and the RSI indicates that. We have no confirmation that we'll see a correction on the price yet, but this is a possibility that we must keep in mind. The 13,400 would be the next stop for us, in...
From the looks of this Monthly chart (Zoomed in), you can see an MA rejection 3 times. My best guess is a .9800 target buy Area. (NOT Trading Advice). The Yearly obviously looks ok, but after a 2200% increase I'd say a 55% retrace is healthy for another push up. Set your Alerts, watch your Charts, and Happy Trading.
At a 61.8% Fibonacci Retracement we have 4 Hour Bearish Divergence on the MACD, and Stochastic RSI and the Regular RSI is at Overbought territory. I expect to see at least some kind of of mild pull back from here Potentially making this a Bearish 5-0 where we continue to make lower lows.
The S&P 500 Index looks extremely overextended and a downward movement is likely going forward. Currently, the SPX is in a very similar configuration to the pre-pandemic (late 2019 going into early 2020). Back then the price continued to move higher forming multiple tops while the RSI Exhaustion continued to decrease and stayed mostly bullish exhausted (colored...
Hello traders and investors!!😄👋 Let's see if Cardano falls after reaching a new ATH very recently. If we see the fall, I have points set up that I am expecting ADA to reach in the range of. This is a short technical-analysis👇👇. Fundamentally, Cardano (ADA) is a very strong blockchain network. In the event that we go up for another ATH, I have bull target...
The market has been bunny jumpy and funny over time. If this will confirm and the grand super cycle will end we will see some major correction to the 1800-2200 area. Who will trigger it? Btw retailers have too much fade on the FED, pity. At the time market is very overbought and in the weekly RSI you could see huge divergence on the weekly chart and low volumes...
Clear Bear Signal on 14 Apr, engulfing candle in NQ ate up every penny earned on 13th, a twin tower. Volume declining, RSI Overbought. Bull trend is intact, IMO gonna retest the breakout point and consolidate bullish power before moving to ATH in late April > early May. A real correction to emerge later in May > June; then a summer rally. ERs will drive it now,...
This chart hopefully self explanatory. NQ has a way of going more higher just when you think it can’t happen. But I will take this set up 9 out of 10 times always. Just use stop and you will be okay. Happy trading!