There are two pennants sharing a bottom line. A breakout has occurred. Targets are identified by bullseyes. As always, set a stoploss just in case.
What happens when a rising USD and high inflation effect the bottom line of US tech giants. Qs look like a good buy if this trend continues up and fills the JAN9 Gap. APPL has been accumulating now for months under 150 GOOG split finishes off the the 1-2-3 splits earlier this year by Mega Caps APPL and AMZN. After NFLX cratered 22% twice in the past 2 ERs,...
Right now EUR/SEK is trading at strong support, which goes in line with Fibonacci and Volume Profile indicators. As long as daily close remains above this support area, we should see the formation of the bottom. Potentially, this is the beginning of a medium-term rally, towards 127.2% Fibs
Price has been rejected from the 22500 resistance. To be fair, this is the most significant resistance we have on the chart right now considering that it is both a daily resistance and the 200W MA which has been acting as support in the past and should now act as resistance. The way I see it there are two basic scenarios here: A) Bullish Scenario: The price...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management My team entered Chinese Electric Vehicle company $NIO today at $22.50 per...
I think we have a good W and that's always an up move. I think this is the really. Lots of people have been calling it wrong and not to their fault. This has been a mad ride. Market makers and on drugs or stopped using, LOL. (joke) But for the survival of bitcoin. I do think they have to pump it up and let a good rally come. Many people have lost faith in crypto...
NASDAQ:TQQQ Chart should show well enough what I'm conveying here. Either it rebounds from here, along with crypto and all the other indeces across markets, or we see lower lows, that reaches back into the March 2020 fear levels.
Hello to all , In my opinion, this move is likely to happen If it is useful for you, please like it
Currently testing Anchored VWAP support starting from top of 2017 market cycle.
Hey all, If you look a little bit left on AMD's chart, you'd see that the mid-70s level is very strong support for AMD. Considering my bullish thesis on NVDA over the next month(though I think it will eventually go lower), I think playing a bounce through July is the right move to make. I just took a long position on AMD at $76/share, but it is very possible it...
Using the Fibonacci timezone tool and cross referencing this with the falling wedge that seems to be forming, I would see us going up to around 25550, touching the upper trendline, before dropping one last time, to the 14k zone. After this has completed we will be seeing the actual rally start that breaks out of this, by that time, bullflag and marking the start...
The Nasdaq 100 is one of many examples this week that saw a surge back over its May lows, with positive momentum divergence. We're still in a primary downtrend, so nothing has changed from that perspective, however, with overall market sentiment in the dumps, squeezes like this can be quite extreme.
Hello again! Here's the whole clear picture so far: - We were in a bigger range (20k - 22.5k) - As soon as we lost 20k (bottom of that range) we broke down to 17600 (which is the daily low of 11th December 2020 - the last red day we printed before the beginning of the new bull market. Those numbers are not random. More on that in another post!!) - After breaking...
BTC had a perfect rebound on the 200-week SMMA, as mentioned before never BTC closed a week below this metric. RSI is very oversold and I think we can have a quick rally up to 30 k where we find resistance from the trend line. this feels like the bottom to me, but with so many bearish catalysts ( Luna crash, Celsius, fed interests rates, Ukrainian war, etc) we...
Local bottom was found exactly on the 3D lows of the 2020 consolidation (before the breaking of the old ATH) Today's daily candle has made higher lows, higher highs and is a bullish engulf candle. On top of that the close was exactly over the daily resistance of 20400 (coincidence?) Also MACD shows the local bottom is very likely to be in and we're now preparing...
Check the above chart. Couple points to consider: 1) The massive falling wedge forming 2) RSI bullish divergence and RSI crossing 50 3) How close the bollinger bands are. Look at the circled red lines, they are copies of themselves. Last time the bands where this close BTC rallied 250%! 4) Market sentiment and fear. Everybody is waiting for lower prices and...
high Risk short in oil. RR 1:1 to start. i think oil rally is over.
Sorry about this delay, but I am in the middle of a warzone. Anyway, nothing much changed on the elliottwave count other than the fact that the B of C seems to be developing into an expanded flat. My guy feeling is that we have bottomed (too many bears around) and we are poised for a massive flash rally back to, either : 15500/16000 or ATH's (All Time Highs. This...