The price target of the massive head and shoulders bearish chart pattern was reached yesterday. Insiders sold around 500Mil worth of shares last year. PTON went lower than its IPO price, $29 and is now trading in a consolidation area. the price is not yet safe in that range. My buy area is $18 to $24.5 Looking forward to read your opinion about it.
US markets saw a late session beating to push prices sharply lower into the close and continue the recent selloff. Watch the video for a more detailed breakdown on my Macro picture and key levels I am watching in major markets. Thanks for watching and please take some time to check out the website.
Considering last week candle, NSE:AUROPHARMA has already given confirmation of further sign of selling . Price has created harmonic Shark pattern with PRZ level 0.886 and 1.13 with price 651.70 and 548.75 respectively. As we have witnessed of bounce from 0.886 level but not sustained above 200 MA. Two things are possible here : 1. It again takes confirmation...
Maybe. On higher timeframe, still looks bearish, a Bounce is likely from the 21 MA IMO. See the 'h' pattern? Primary and Secondary sells. Indecision and consolidation followed. Would not get real Bullish just yet, although it sure suggests we could see higher next week. These indicators are by no means foolproof, but they do help you to not make expensive...
Looking at a large GBP sell off this week from my technical analysis.
Looking for a GBP sell off this week. Targeting the OB and POC for the overall volume control. The extension on the TP is targeting a large area of un-mitigated price from the previous bullish push to the new highs. This area has to be mitigated by the institutions at some point so they can close out of their sell orders at BE.
Moving the lines for buying more bitcoin. Will be patient. Crypo as a highly speculative asset is now closely linked to the high growth/growth stocks, tech index and in the case of selloff I see crypto selling off more too.
Looking for a rejection off the last supportive area that it broke at 115.700, a rejection from here would give a nice confirmation that we will get a decent sell off. BUT remember higher time frames we are still in a bullish market with this pair. If I get entry's my stop loss will be move very quickly to break even.
In H4 it's look bearish like H8 timeframe MACD it's showing us sell inminent in this cross-over I shorting Bitcoin with the SL at $48,650 USD in the live price at $46,200 USD approx. And my target toward $40,600 USD. Only shorting with 0.07 BTC contracts. Good Luck!!!
Hey Trader, please see my current idea, where my count suggests an impact of the $ 860 area before we see our next bullish impulse. This may be the perfect zone to buy. This is no financial advice, just my technical expertise. RT
Hey Trader, please see my current idea on Gold where my count suggests that we are currently in our bearish wave 3. This is due to the fact, that we printed a new low which indicated a break of structure. My last Gold analysis is folded and I am sticking to this one now. This is no financial advice, just my technical expertise. RT
If you haven`s shorted the top here: Then you should know that USOIL seems to be heading to its major support at 60.40usd.
If you haven`t sold when he got the answer "yes" on twitter for selling his shares: Then you should know that Elon Musk sold another 934,091 TSLA shares, according to filings with the SEC published on Thursday. The shares are worth $963.2 million. Ark Invest also sold TSLA shares. What is your next move?
Asian markets remain looking heavy as the HSI and Nikkei Daily timeframes press lower. The US has been more resilient to negative news and remains focused on inflation and interest rates. The question is how much of the good news ie/ strong economy and bounce from pandemic lows has been factored in to price action in the US. If the US start to take a hit, then...
MSTR MicroStrategy is forming a head and shoulders bearish chart pattern. My price target is the 598usd strong support area. Looking forward to read your opinion about it.
Hello traders and investors! Markets are in risk-off mode as the media is spreading fear about the new covid variant. But everything is maybe just too pessimistic if we consider there are no deaths and no hospitalization for a new variant! However, markets do not like uncertainty so we are seeing a sharp sell-off on stocks, even commodities are coming down which...
The Nikkei and Hang Seng along with my local ASX200 are well under pressure today and may see further downside in coming sessions. In the video I take a look at the daily charts for my major Indexes and discuss where I see the risk and how I will look to trade any downside if this weakness continues.
Is it overvalued? Is a crash about to happen? ARKF sold 43,188 shares of FB yesterday, equivalent of 14.55Mil usd. And it`s not the first time! FB has a strong support in the $285 area! Looking forward to read your opinion about it.