11/26/23 DXY Daily Outlook
#DXY #DailyOutlook
We tapped into the 4H-FVG(L), into the YOP again, and took out the PDL PWL with the move up during the over night sessions and into the NY session. We left a new 4H-FVG through the lows taken out, a new 4H-OB, a Price gap on the 1H LTF and in the process of trading down into the PWH from 8/30.
This will be our...
11/28/23 SPX Daily Outlook
#SPX #DailyOutlook:
We made the low of the day during the over night sessions. There was a NWOG that was left on Sunday and this is where price has been reacting during the NY open session. The PM sessions fell down into the 4H+FVG(H), TDO and D+OB(H) then pushed into the NWOG. There was also a bounce in the London/ Pre Market...
I think we can retest this upper price gap on QST as long as BTC goes up or sideways. We are oversold but price seems to have bottomed and the price is gently moving up. Not financial advice, DYOR.
The market’s recent bounce has lifted some technology stocks mired in downtrends. One example is Adobe.
The software company plunged on September 15 after a double dose of unwelcome news. ADBE not only missed revenue estimates. It also announced the $20 billion takeover of Figma in a deal Wall Street considered too rich.
The stock soon found itself under $280...
Traders,
Price Gaps: Do you believe in them? Not all price gaps are filled. It depends on the market's behaviour. If in past, a market has been filling gaps, it is likely to do it again. These are are price gaps in Bitcoin Futures from CME.
So far all CME Futures price gaps on bitcoin has been filled. Do you think if they will be filled? 🙂 Put your thoughts in...
Bitcoin miner Riot Blockchain has been skidding lower since February, but now it could be ready to move again.
The main feature on its chart is its jump above the 50-day simple moving average (SMA) on July 26. It’s formed a tight consolidation pattern above the line since. The current action differs from a moment like early July, when it failed to hold above that...
Netflix was an early beneficiary of coronavirus as stay-at-home orders boosted demand. That makes today’s news of potential vaccine success from Pfizer a clear negative.
NFLX has other issues. In particular, a bearish gap on October 21 after subscriber growth missed estimates. Management warned that would happen in July because the pandemic was essentially...
Analysing on a bigger timeframe, the area of resistance is formed from a price gap (which makes for a strong resistance area), and has been repeatedly tested. To lookout for a bearish formation around this resistance, then wait for confirmation. It's a trade with a great risk to reward ratio
I made a mistake and forgot to draw in the convergence. I always use a Macd. I hope this makes the picture clearer. Refer to my other post for a detailed analysis of the price gap. Cheers.
Target reported decent earnings this week, but not a lot of buyers showed up. Now traders may want to watch for a potential breakdown with the big-box retailer near a key price zone.
TGT gapped from $86 to $100 last August on signs that its big digital push had paid off. It followed that with another strong quarterly report on November 20.
Since then, however,...
