Hi! Today we will share with you a trade idea (real setup we will execute on CRM) First, let's understand what we can see here from a technical perspective. a) The price was inside an expanding structure defined by the dynamic support-resistance trendline (white line) and the support level. b) After a huge GAP that broke the expanding structure, we...
Stocks have made new highs, finally reaching the target we set at 4408. We set this target before the sharp decline in stocks that followed renewed Coronavirus panic. However, the S&P made a V shaped recovery, and we have retraced this selloff and then some. We do appear to have returned confidently back to bull mode. We have established our next target at...
Today we will analyze SQ. This company is the 4th biggest Holding of ARKK and is run by Jack Dorsey (Twitter funder) So what can we see here? 1) The main structure: We have a horizontal compressive channel that has been in formation since its peak on FEBRUARY 2021. This is useful because we can know if the price has made a clear breakout or not based on the...
Stocks have made an incredible V-shape recovery, completely shrugging off the entire meltdown we saw from renewed Coronavirus fears. We anticipated a comeback for stocks yesterday, but our targets were much more modest. We anticipated the S&P to test at least 4306, but it is now currently testing 4350. We are seeing a red triangle on the KRI suggesting we are...
Symbol: NYSE:AMC Indicators Laguerre RSI 2 x Multi-Time Frame EMA Comments: The price shot higher today but there is still a lot of resistance ahead. We will need institutions to contribute to get price above the upper pattern resistance.
Massive amounts of risk off sentiment poured into the markets which crushed stocks. We dipped as low as 4234, before a respite back to current levels in the upper 4200's. Currently we are sitting just below a resistance level at 4293. The Kovach OBV has turned sharply from its overwhelming bull trend to reflect the dump. We dumped almost two handles, from just...
NASDAQ:TLT Here is my take on a common trading strategy that uses the 50 and 200 moving averages to indicate a trend change. In my version, I use two multi time frame EMA's. One runs at an input of 26 and the other runs at 104. Typically these kind of crosses will involve a retest and sometimes may fail, but if the trend holds true in a reversal we can...
BTCUSD currently in a very bearish trend. Keeps closing lower and lower both on daily and weekly charts, while the price keeps getting rejected at previously important levels. Bitcoin is oversold and cheap compared to several models and previous cycles, but because it went up too fast it could potentially bottom anywhere between 12k to 28k. Essentially its...
Stocks have retraced to 4306, exactly one of our levels and one we called out in our previous report. This constitutes a healthy retracement and we appear to have a double bottom marked by a green triangle on the KRI. We seem to have support here, but if not, levels below include 4272 and 4245. The Kovach OBV is still relatively strong despite the selloff. If...
Stocks have felt an infusion of risk off sentiment. The price action has rounded off, after peaking just a few ticks above 4389. We saw support at 4364, and 4350, exactly the levels we have identified. If needed, 4327 and 4306 will provide further support. Both the Kovach OBV and the Chande have picked up notably with the bounce we saw off 4350. But it could...
This is pretty savage. The Tiktok and Socktwits promoters likely had no mercy on their followers. I expect a quick pop retest but that's only going to provide more liquidity for the short side to enjoy more gains. Be careful who you follow. No one should ever promise you profits.
Stocks are consolidating at highs around 4389. We do appear to be seeing a double top at this level. However we have strong support from current levels at 4364. This could be the consolidation of volatility preceding another breakout. If so, our next target is 4408. If we are wrong we have a few levels of support from below, separated by comparatively large...
Unless this can break the downtrend, it's more down trending.
Stocks have inched out highs at 4389, but have retraced slightly to support at 4364. We may be witnessing a head and shoulders pattern in formation, with a neckline at 4350. However, wait for the second shoulder to fully form before considering a retracement. We still have a great amount of bull momentum, as measured by the Kovach OBV which has only slightly...
Chart is self-explanatory. Elon and SpaceX don't have shit on Virgin Galactic
Another pandemic era hopium stonk. Sell now & stay away. Don't be a reddit lemming.
Today we will speak about DIS; what are we observing right now? a) The price has been on a Flag Patter for almost 120 days. Yesterday we observed a major breakout of it, and now we have defined confirmation levels for the bullish movement b) Let's speak about the context first: -The price is above a dynamic support resistance zone (positive for the...
Stocks have squeezed out new highs at 4389, which we are identifying as a new technical level. They are maintaining a narrow range between this and 4380. The bull momentum here is very strong as measured by the Kovach OBV. We will have strong support from former highs at 4364, should we face a retracement. The levels 4327 and 4306 will provide further support...