Hi traders, After BTC's massive pump and dump seen recently, BTC may be forming a falling wedge pattern (most notable on hourly chart) that could take it as low as ~$8.3K. Watch out for a drop in the coming 8 hours that would line up with this potential pattern and commence to give it more validity. The hourly MACD seems to support this potential drop as it is...
Overall trend is moving up so be aware this is a counter trend short term trade. There is divergence on the 1hr. Price should retest the break out. Short: Entry: 0.679 Stops: 0.6825 TP: 0.6688 Never Trust. Verify. DYOR. Not Financial Advice Just an Observation. Always remember: technical analysis is not about being right, it's about increasing your...
Historically, the price of the Solarwinds Corporation has been very steady, moving in its normal range between 16.76 and 19.40. Given no overbought signals, nor any divergence with the MACD, I expect the price to be pushed a little bit higher by the bulls, at least to 19.40, if not up to 20.41. But it will not break these resistance levels for long. When the bears...
Short term trade, relief rally from the 0.618 retracing to the 0.5 of the move down. ENTRY: 0.246 STOPS: 0.194 1st TARGET: 0.413 - Take 60% off here, move stops to break even and enjoy the free ride on the house ;) Never Trust. Verify. DYOR. Not Financial Advice Just an Observation. Always remember: technical analysis is not about being right, it's about...
Hello traders, Description of the analysis: Shopify selling bubble speculation. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main...
Cypher pattern is apparent on hourly chart of OFSS and stock did bounced from its prz around 2300 levels. Currently its trading in the narrow range near the 2370 levels from past two sessions, if see a break above this levels , they we may see move towards 2470- 2580 levels. The said view will be negated below 2280 levels.
Price and MACD indicate convergence and the RSI doesn´t indicate overbought conditions. My bet is to go long in the short-term, but don´t expect the bulls to break through the resistance. The long-term downtrend is still strong and the highs of the MACD start to level off and will probably soon decline, indicating a trend reversal. VF Investment can not be held...
BANKNIFTY - RANGE BREAKDOWN Sustaining below 17500, heading towards 16500
Currently in a short position in the EURJPY looking to close at support around the 116.700 and then see if it continues to the 115.300 support or find support and heads back up to 118.500 for a retest
The long term view is still bullish, however this week we are going to have a correction!
Another range bound market making a nice setup to continue down. We can see here that price has created a range between 66.131 and 63.474. We would anticipate that when price will sell at this resistance after creating a nice bearish pin-bar. Although there was indecision in the market, sellers have managed to enter at a decent price. Now, for us to change our...
An obvious setup during a range bound market. We can see here that price has created a strong range between 1.09858 and 1.07798, and this is clear on my chart. As you can see, price is now at the resistance in this range and we can see a nice reversal pattern. Now, if price decides to move higher, then we would look for a solid break through of the resistance...
Following USDCAD, we can see this major consolidation zone which has been around since Covid-19's Lock-down began. So, lets break this down further, this pair is in a range between my descending Trendline and this major support at 1.38701. As price rallied downwards last week, we came to our support zone and we did not break this support zone. Therefore, we...
I forgot to post over the weekend my apologies but a quick overview of APT and what's it doing at the moment. Over the weekend we had somewhat of a bull flag going on after the break of the ascending triangle, as price approached the bottom support at 14.80 bears stepped in and dumped the stock as I mentioned before in my last post that could have been one of the...
US Markets might be headed down in the short-term. We are seeing our first short signal sense the massive downturn in the market back in Feb. (Sorry about the voice quality, i'm working on it).
TCS if moves Below 1890 it is going towards 1850 - 1820 Stop is at 1905 and 1912 CMP 1902 Stop 1912 Tgt 1855 and 1833 Do not follow blindly, please do your own research.
I was predicting for it to double tap where it previously peaked at. You can see the red line , that’s where it peaked previously. I know this is a little win but I’m just glad my little analysis was right.
Dexcom has been on an insane run, I think it is a great long term stock. However I am looking at short term, we can see a rising megaphone pattern and inside of it we see a small rising channel that is pristine until the last hour of trading on 5/8. Due to this I am short for this week, I will be looking for a quick gain on puts and get out.