4-hour timeframe: I would like to see an update of the maximum after working in the imbalance, followed by a move lower to cover all the liquidity below.
The global financial landscape is a complex web of interconnected markets, where various commodities play pivotal roles in shaping economic trends. Two such commodities, gold and oil, often stand out due to their significance and influence on both the financial and geopolitical spheres. Despite their different applications and purposes, these commodities share an...
Technical Analysis and Outlook: The Spooz index pivoted briefly from the completed Inner Index Rally 4375. This transition allowed traders with long positions to exit with prudence. The current momentum is solid and targets a Mean Resistance of 4515. Traders expect this momentum to ultimately lead to a retest of our completed Inner Index Rally 4590 on July 27,...
- The Nasdaq 100 index declined 2.60% last week, yet closed above the 14,000 major weekly support. - Ahead of the Fed, quarterly bond sales plan and Apple's earnings; the mentioned support (represented in both: the 50-EMA and the downward channel's lower boundary) would play an important role in deciding the market's path on the short/medium-term. - The...
First stock idea I've shared... *gasp* For the past 8 years, my strategy has mostly just been to hold a bunch of tech and green energy stocks forever, and that worked quite well, until recently. Now that I'm a little more tuned in to Macro, markets, etc, I see nothing bullish right now, and would rather be in cash to set buys at lower levels. I also want to...
Bitcoin has been trading inside a bullish channel ever since the huge pump at the end of October. An asset that slowly grinds up, making higher-lows in the process, after a big pump is classically getting ready for the next pump. I think that the same goes for BTC. I'm anticipating a bullish move in the next 1-2 weeks that will confidently bring us above...
As the Chinese stocks are starting to show signs of weakness after a few days of upside movement, we expect the same scenario to play out in the U.S. market. With that said, the setup we introduced in a previous article remains valid. To support a thesis about a bearish reversal, we want to see MACD fail at breaking into the bullish zone on the daily chart; in...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 JNJ has exhibited an overall bullish trend, trading within the ascending wedge pattern outlined in blue. It is presently nearing the lower boundary/blue trendline. At present, JNJ is undergoing a correction phase and is trading within the descending red channel. It is...
Palantir (PLTR) a week ago above the top (Lower Highs trend-line) of its medium-term Descending Triangle pattern, and has been basically consolidating this whole week but notably on a series of (minor) red candles. This is similar to what turned out to be a Bull Flag pattern of May 10 - 15. Surprisingly, the stock had also broken above the Lower Highs trend-line...
On first impression it is obvious that this reduced rating of Tesla shares by HSBC, did scare the market as the price is falling more than -6% intra day. The 1D technical outlook is now bearish (RSI = 37.472, MACD = -7.750, ADX = 34.942) with the price dropping below the 1D MA200, despite having it hold the last 4 sessions. Perhaps the most dangerous development...
Here on the Daily Chart we have The Walt Disney Stock. Price has been outlining what looks to be a possible Inverted Head and Shoulders! The "Neckline" @ 86.28 has been tested twice, once on Sept. 15th after the creation of the first "Shoulder" and again on Oct. 17th after the creation of the "Head". Now since we have the creation of the second "Shoulder" or the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. DAILY: Left Chart 📊 From a long-term perspective, US500 has been trading bearishly within the confines of a descending broadening wedge marked in red. Currently , it is approaching the upper boundary, which acts as a non-horizontal resistance. 📈 For the bulls to maintain...
SPY entry-$435.25 target-$438.50 sl-$434.20 sl means sl& taget means target This is a swing trade
Verizon is bullish on its 1D technical outlook (RSI = ) as it is on a continuous rise since the bottom a month ago. Using the 1D MA50 as Support, it even crossed over LH trendline of January and crossed over the 1D MA200 for the first time since April 22nd 2022. Despite this crossing, it has closed the last candles under it, which shows the short term, to say the...
A little brief before I start into this. I got started investing prior to the 1987 stock market crash and have always been amazed at the stock market for what it can do in a short period of time. People experience the market in so many different ways and I was fascinated by the mass-hysteria, psychology, economics and politics that surrounded the entire 1987...
NASDAQ:QQQ is still in the fourth wave pullback and we have a near invalidation level 350. Watch the video for trading strategy.
Advanced Micro Devices (AMD) rose on its most aggressive 1W green candle last week since May 22, as it tested and closed above the 1W MA50 (blue trend-line), which is the long-term Support. This MA level was also tested and held on the week of May 01, which shows that the market has a clear buy zone, despite at times the not so encouraging macro-economics. Last...
SPX is finishing a 1-2-3-4-5 wave for new highs. Whales are ready to push the stock market to new highs. This will get the majority of traders very bullish while whales exit the stock market and flip the trade. One of the worst recessions in history is in the making. Pattern: Inverse H&S