End of day update from us here at KOG: Well, that couldn't have gone any better so far. Earlier in the morning review we gave the key levels to the team, Excalibur activated, hit on the news, tap and bounced, straight into the level highlighted 100pips, rejection confirmed, TAP AND BOUNCE, we're on the move downside! Would suggest anyone in the short now to...
📊 Market Sentiment: Bullish 🌍 Global Financial and Economic News: U.S. Economy Growth Surpasses Expectations: The U.S. economy's better-than-expected growth rate of 3.3% in Q4 2023, surpassing predictions of 1.8% growth, could buoy investor confidence. Comcast's Earnings and Broadband Subscribers: Comcast's stronger-than-expected earnings and subscriber data...
Here we see a test of an absorbtion. The test is were 4 lines come together. One of them is an ice line and the line were bearish absorption ttok place and was absorbed by bulls. This one is very very bullish. It can take time, but it will go up very fast. This is more likely. But be careful, if the channel is left to the downside, it will we the oposite, so...
Price has been trading inside of a horizontal range for some time now. On the previous run up to resistance there was a range breakout that quickly fell back inside the range, more than likely trapping those who bought the breakout. The 2000 price level is now potentially serving as an important barrier just under range resistance. If this area continues to hold,...
UT: DAILY 4hr, 1 hr entry 1 hr ema MarketStruc - forming hL, on weekly, daily support Daily: Bullish engulfing longs above 50 ema + at zone
Market Structure Bearish on Higher Time Frames Strong Bearish momentum Entry At Daily AOI H4 EMA Retest Around Psychological Level 0.89000 All Time Frames are Bearish (H4 D W) Weekly Rejection at AOI Daily Rejection At AOI REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient :...
Sold the 58 strike on XLU yesterday afternoon. It hit a weekly level and looked like it wanted to stop selling with small candles on the down move. Kind of in between the higher time frame declining -1 sig and the rising -1 sig with the best inflection point on VWAP. It's that weekly rejection that I'm anticipating happening. The strike is positioned at 58 which...
I'm already short SOXL puts down at 22 set to expire, and was looking to get on a full condor. The resistance side has a bunch of spikes from early 2022 on the weekly that are all tested levels. Inside the last spike is a Daily level 45.58 that is likely where the rally is headed to find liquidity. When it tests there, I will look to sell calls at or above 57.50 or 58.
FX:AUDCAD Bearish Reversal Preference: Despite the recent positive movement in the price, we are encountering a significant obstacle due to the underlying structure that is affecting the overall trend. We are currently witnessing a bearish rising wedge formation, where the price is moving in a narrowing range with the upper boundary slanting downwards. If the...
Price has reached an important macro resistance zone: 39.40-45.91-48, that coincides with 0.618% extension of wave I (2000 low - 2007 top time span) from wave II bottom (2020 lows). Monthly view This 0.618% extension aligns with standard 2.00% resistance of the fifth wave - wave (5) - of first impulsive structure (wave (1)-(5)) that started in March 2020. ...
NYSE:SQ has been on a tear recently but is now starting to pull back with the rest of growth names. It looks like it may be forming an inverse head and shoulders here and it's bull flagging. Target 1 = 80 near the neckline for the IHS. Target 2 = 91 top of uptrend channel from November bottom. Target 3 = 103 top of long term uptrend channel in green. Bull flag...
It's like crazy as we know the last few days of the market environment which is obviously not good for BTC. The way the market is looking right now however is pretty horrible. Together with the Grayscale's FUD which they keep selling BTC to the market somehow is killing this market slowly. Therefore, I give you these key notes as guidance for the next BTC...
RNDR is basing a strong consolidation here and with NVDA strength this token can really run even with BTC weakness. My 5.4 $ price target still stands, although the BTC dead cat bounce I foresee could end the party fairly quickly if the market spookys. The supertrend is still bearish on the daily but I expect a move to the upside very soon.
Both Q2 and Q3 2023 earnings reports had negative news for investors, and both had a subsequent drop in their stock value: Post Q2 earnings report in July: Stock dropped by 12%. Post Q3 earnings report in October: Stock dropped by 15% If the stock doesn't hold support at $200, which is currently resistance as of the PM, we may see Tesla hit $190 as the...
As reported by Reuters , Morgan Stanley has raised its target price for Microsoft Corporation shares from 415 USD to 450 USD. The bank is optimistic about the further strengthening of Microsoft's position in IT budgets, thanks to GenAI's robust portfolio. Morgan Stanley believes MSFT's continued growth potential is driven by the company's strategic alignment with...
📉Hi Traders, Investors and Speculators of Charts📈 Chainlink / LINK is an altcoin that still has massive upside potential for the coming bull season. If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle . I've also referred to this as Elliot Wave Theory Wave 1. According to my plan,...
Pink line is the Monthly, Weeklu and Daily Support The range between the 2 blue line is 80 pips. Currently, the candle is bearish. if it forms support, will take a buy as it has a 40 pip range to test the high. The high (top blue line) DH is daily high. Not looking for any sells, as ifyou look to the left below the range, there are no clean candles...
Entry Taken During London Session. 1. Price in an Overall Downtrend creating LH's and LL's. 2. Price created a New LH Indicating Sells.