This move is highly unsustainable for NASDAQ:QQQ - I called a bull run this morning @ 10 AM. We are up +2% almost on AMEX:SPY SP:SPX AMEX:DIA - watching for pull back now on buyer weakness and reality setting in. But why TSLA? Why not NASDAQ:NVDA or NASDAQ:AMD ? TSLA had "bad news" today With a market pull back, TSLA will get smacked the...
Don't chase. A pull back can be violent. Better off getting puts for a daytrade than chasing calls here. Good luck. Trade carefully.
NSE:APOLLOTYRE The stock just took a bullish momentum after the support at 365 levels. The next resistance is at 440 levels and the stock is expected to give a profit of 10 to 12%. Book the profit at resistance based on price action.
Traders, The dollar is now starting 12 weeks of green. You can see that today it has touched the top of its channel and that has acted as resistance. Additionally, the RSI shows that the dollar strength is now over-extended. I smell a pullback coming very soon. Possibly before the weekend. The SPY (which correlates in part with other major indexes) has this Head...
Multiple indicators have signaled bear as well as overbought conditions for Bitcoin on the 15m chart. This makes sense because Bitcoin has just experienced a pump within a short period of time. Usually, this means a retracement will follow as market participants will be compelled to take profits which means selling in the shorter term, a potential dip may be an...
I have spoken about this since begining of the year but now it materializes nicely. The market has never survived narrow niche rallies and this has never been the characteristic of a bull market. As you see the Nasdaq Composite has started to pull as the percent of stocks above their respective 200 D Moving average is well below 40%. To be confident that we are...
I identified this stock as a probable candidate for a breakout trade (Refer to the previous post linked here) And we did see a breakout and run up to 540-550 levels. Now the stock has come back to the breakout level, the previous resistance area which now would serve as a support area( 455-463) and this week a hammer-like candle is also formed in the support...
Here's what I'm looking at. I still think $4100 is on the table for a bottom. Reason being, there's multiple levels of confluence there. 1) If you take the AVWAP from the Jan 2022 highs, it comes to around $4100 2) It's a horizontal level 3) It's roughly the measured objective of the Head and Shoulders break down 4) It's also coming in around the 0.618 fib...
Hello,Traders! NZD-USD will soon hit A horizontal resistance level Of 0.601 from where We are likely to see a Local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Keep an eye on this one as it's showing a lot of Relative Strength and Accumulation. It recently broke into its stage 2 up trend and it's resisting the general market moves and showing signs of institutional demand. Given the current market conditions, this may continue to range between 17.5 to 18.5. We might see a flush of late buyers and might see a dip to...
✅DXY is approaching a supply level of 105.822 So according to our strategy We will be looking for the signs of the reversal in the trend To jump onto the bearish bandwagon just on time to get the best Risk reward ratio for us SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! USD-CAD will soon make A local bearish pullback Because it is retesting a Horizontal resistance Level of 1.3499 towards The potential target of 1.3475 Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs. As you can see in the chart price broke above short-term bearish trendline with strong 4H time frame Marubozu like candlestick which revels buyers strength. This...
✅NZD_CHF has been growing recently And the pair seems locally overbought So as the pair is approaching a horizontal resistance of 0.5343 Price decline is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! GOLD is trading in a downtrend But made a bullish correction After which it hit a horizontal Resistance of 1930$ and is Already making a move down So I think that Gold Will keep falling Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Traders! EUR-NZD is about to Retest the broken key Horizontal level of 1.811 Which is now a resistance And from where I think we Will see a local pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Traders, We have been monitoring the U.S. dollar for years now. It is, by far, one of the most significant variables in monitoring what price action may do elsewhere. Almost everything here in the U.S. hinges upon it and its ripple impact is, without a doubt, global. Crypto most certainly is not excluded. I was early to spot this Head and Shoulders pattern. It...
Hello traders, The TVC:DXY is pulling back to the resistance range of 104.22-104.72, and if this pullback is completed, the forecast is confirmed and the DXY will go up to the range of 105.91-105.67. If this post was useful to you, don't forget to like and comment.