Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where TSLA declined for three days, in 206 of 266 cases, the price declined further within the following month. The odds of a continued downward trend are 77%.
Technical Analysis (Indicators)
We are in a bull market and through Dec 2023 clear a, b, c correction is being made.
Wave a and b are clearly done.
Wave c looks like a textbook ending diagonal pattern with waves 1, 2, 3, 4 already done and now we are in the middle of wave 5.
The drop won't stop until price reaches $40k level.
It's a good trade with a very high likelihood of success and...
With the upcoming interest rate announcement from the RBNZ, NZDUSD traders remain steady and not making any crazy moves yet. The expectation is for the decision to be without any fireworks and to come out neither with a hike, nor a cut. The rate is forecasted to remain at +5.50%. If so, we might not experience huge moves in NZD during the release, unless the press...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
All Strategies Are Good; If Managed Properly!
How are you today?
It's the second analysis that I publish today.
Many users asked me to talk about Matic for Short-Term
So I decided to talk about that briefly.
I use Gann Fan and Ichimoko and the time frame is Weekly.
According to the data, the price still respects the Gann Fan's line. It looks nice.
Also, I use ichimoko too.
According to the latest currency news headlines, short-term sentiment towards the Euro appears slightly downbeat against the US Dollar. While both economies face inflationary headwinds, recent data surprises have painted a relatively weaker picture for the Eurozone bloc.
German industrial orders came in lower than forecast in the latest monthly...
ABUK, EGX, on 1-hour chart:
To test support level 43 - 42 before rebounding to 48.
By crossing 48, the next target will be 53
Stop loss at 42 - 40 should be considered, as the stock has over-bought signals in the long term.
A DBW is traditionally a bullish indicator as sellers lose control at three definite points in increasing magnitude. Though such a pattern does not necessarily mark the end of a downtrend, a break above the top resistance line indicates validation of the pattern.
Lets take a look at the BTC weekly chart technicals:
RSI is at major lows
Repeated testing of 17k support
Signs reversal on the MACD+Stoch indicators
Increased buy volume on BTC/USDT for KuCoin and Binance
For chart analysis, we can see we are nearing the red line at the bottom, which represents the lowest possible trend floor at around 5.5k along with...
Gold made the triple bottom at 1618 in the past two months. Recently, the price has reverse to 1772 as the negative CPI data and the inflation rate is lower than expected. This price action confirms the end of Wave C.
After the gold price has a sharp rally over 100 usd in last week, it is expected to have correction next week from 1772 (wave...
We are seeing a steep decline at this point. There are two lows, the first low is $22,200 and the second low is $21,600. There are two options, we should not rush to buy based on the first drop, because there is a high probability of a return to the price of $21,600. We will be able to buy again at the low price and start a long trade
TSLA has momentum to move to 180 area. (This needs to happen before FOMC meeting)
I thought Tesla was finished here, but momentum is strong and puts are piling in, I think we may see a continued rally to 169,if we close above 167.55 on daily or weekly, Tesla could hit 180 by Tuesday, before selling off
Technical Bullish Patterns:
15min- Bullish pennant...
Bias today is down - I prefer to Short more than Long
Plan 1: Sellers continue breaking by Strong Buyers Zone and price move down to 1912
Plan 2: Price is protected by Strong Buyers Zone and price increase to 1927, which has big volume from Sellers. I think we will see a litigation for this area but Sellers will take advantages and Price move down to 1912