Hi dear friends; According to the two falling equal lags that you can see in the chart left side (two-piece spike), now I think we are in the trading range of the market cycle after the descending channel. On the other hand, we can see the price second encounter to the top of the trading range also, it seems that the double top has been forming, and the price can...
For certain stocks I have Spike alerts setup on multiple timeframes to find opportunity. Today a Spike Alert triggered on the 2 Hour Swing Timeframe for NYSE:JPM . Where this spike in the opening morning price is occurring is at the 50% Pullback to the post Earnings rally. I was able to put on a position at the 50% proper this afternoon. This sets up a very...
Notable figures such as Michael Burry and Puru Saxena have taken opposing sides on what this rally means. I enjoy how Burry made a very hedged statement... noting that at 23% it was within average but did not imply the Nasdaq's rise itself predicted the future. Puru took a more affirmative view that this was more than a bear market rally. Today's intraday...
I think this was the last driver that we saw from the movement of the spike pattern. Considering that you are trading during the news, be sure to use stop losses and capital management to avoid big losses.
from what uj has shown at this resistance is that vital spikes do occur, i expect it to spike up today resulting in more consolidation and then a drop down to 130.715
As u can see #FLM is not that co related to the #BTC or #ETH or even USDT dominance... i have calculated the #PRZ , Fibo ,and set the safe targets... due to fundamentals n macro economics we r not expecting any harsh or bad news...whales have removed their orders above 23500 on#CEX and we r not expecting any bearish sharp move... Flm has seccessfully made a spike...
Yesterday FED raised the Interest Rates by 0.75% instead of 0.5%. Despite that, our expectations were right and we saw a wick to the downside followed by a move up. It is more likely that this pullback will continue, We are looking at a possible move to 61.8% of the last downside leg, which is 1,0615. The market will confirm our idea once it breaks above...
Have you ever heard of turnaround Tuesday? Now you have. Turnaround Tuesday is a trading strategy that says that "whenever we get a > -1% drawdown on a Monday, you should buy at the close, and sell the next day at close" This strategy has a success rate of about 60-65% I will not initiate longs, but I just wanted to share that a spike tomorrow should not...
The asset has now gained great bullish momentum on the load zone. The volume kept over the average amount since the violation of its midterm resistance labeled as R1. For BTC condition and its effect on the shitcoins check out BTC roadmap below...
bloktopia have hit a HTF refined Order block long with a Potential Reversal Zone at the same time which induce strong bullish movement
Fedex NYSE:FDX is the latest stock on my radar to do a 50% Retracement from the COVID low to All Time High at 204.30. This morning there was a price volatility spike on the 30 minute timeframe (see below) to trigger attention to the setup. I am going to give it a wide berth to play the weekly level but start the position on today's down day.
is this spike a sign for bullish? is it good to buy now or waiting for breakout the resistance? what do you think?
Bank of America stock NYSE:BAC had a swing trading Spike on earnings today (see below). The spike on earnings is a catalyst I like to look for as a potential risk defined long BUT it is occuring within price action at no clear prior support level. The broad COVID > High 50% Retracement is down at 34. It will still be worth watching today's Daily close to see...
The asset has now arrived at a great load zone and can make a massive breakout. The recent Volume since the violation of R1 has been extremely bullish.
Entered an exploratory long inside the recent consolidation of the Ethereum/Bitcoin cross. This trade expresses my thesis that Ethereum is becoming the dominant coin in the cryptocurrency space and should continue the recent trend of appreciating against Bitcoin. BITFINEX:ETHBTC has recently been caught between two major Retracement levels and this...
Hello everyone In the past 4 days we have been experiencing some frustrating trading range in 4 hours chart for ADAUSDT ,But in lower time frames we can see some good scalping opportunities.After the bear market in the past week this trading range might actually be a good thing (some liquidity is good for a healthy market). In 4 Hours time frame we have the...
Back in February Facebook/Meta NASDAQ:FB dropped over -20% on earnings. This was crazy for such a big profile, mega-cap company and many investors though (and said) "Facebook can't possibly go lower" and used this justification to buy right on the drop. From a technical standpoint that drop blew past support and with so many people saying "Facebook can't go...
Jarvis is once again over the load-zone. the recent volume since the violation of R1 is an indication of bulls in power for a move to the following targets. Previously...