Weekly/daily time frame analysis on EURGBP. Key level & price action. Directional bias & thoughts. ❤️Please, support this video with like and comment!❤️
$RBLX is looking really grim. A loss of support at 60 means we're in no mans land right now. Tread extremely carefully, we don't know where price will settle.
Precarious situation for $TSLA. We sliced straight through the demand zone this morning. Next support down will likely be found around 800, if not 760.
With the recent weakness in the markets, $DIS has formed quite the large bear flag. If this breaks to the downside, that gap left at $128 is quite a long ways away...
Based on overnight futures action, we may experience a gap down tomorrow. The chart for $UPST looks awful with the stock losing many key levels of support. We're currently at our last level of support before huge downside. If we break through 106.5, it's extremely likely we see 91 over the coming days. Will enter a short in the morning if my thesis plays out.
The $SNAP chart looks horrifying. It's quickly approaching the downside gap, which is nearly 20% wide. Based on overnight futures action, this is a prime short candidate leading into tomorrow.
Tatva Chintan is currently trading on good support level and has tested it 3 times before making it a reliable level . overall trend is bullish but due to financial results it had a gap down opening which will act as a confirmation for bullish trade ( gap filling method) Targets 2800 and 3000 sl 2500
$NVDA is still following the downtrend formed shortly after reporting earnings two months ago. We're currently in a low volume zone, approaching resistance, with a large gap below. Traders beware.
$LCID is currently caught at a supply zone leading into lockup expiry. Things could get ugly fast come Wednesday. It's highly unlikely we break to the upside.
$BA is currently flirting with a breakout to the top of the channel. Fakeouts in this name are common, I wouldn't be shocked if we rejected. Will take calls on a confirmed breakout, puts is we reject towards the bottom of the channel.
$QCOM has been trading within these levels extremely consistently for the past couple of weeks. It's likely that we see a rejection at this supply zone overhead as it's fairly substantial and spans a large range. Looking to take longs with a close and hold above 191, otherwise I'll short the rejection back to the bottom trendline.
I will be entering a $LCID 2/18 36P @ 3.1 as a technical and fundamental trade. Share lockup expires on the 19th, meaning over one BILLION shares will be unlocked and have the ability to be sold on exchanges, adding immense downward pressure. Furthermore, we're at the top of our rangebound channel, meaning a technical rejection is highly probable. To top it all...
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Uni swap has pulled back 60%. Great area for a reversal to occur. Horizontal level as support. Bullish engolfing candle as trigger. Entry : $15.05 Stop loss : $12 Target 1 : $21 Target 2 : $30 Target 3 : $36 Btw I use a modified shark or cypher pattern and trade it to the 1.618. Use your own caution
$LCID has been rangebound within this channel for the past few weeks, forming a nice little volume shelf in the process. You can consistently trade this range and scalp a couple of percentage points each swing. This range may become invalidated as of the Lockup Period Expiration which occurs on January 19th. Traders beware!
$NVDA is looking extremely dicey this week. We're currently sitting above a gap, with little to NO volume below. If we lose 270 things could get ugly fast. Next line of support is the channel around 260, and then we've got nothing down till 230. Prime short candidate once 270 is lost.
Over the past couple of days, $RIVN has started forming a symmetrical triangle on the 15 minute chart. As price coils tighter, the likelihood for an explosive move increases. Will keep this one on the watchlist. With the sharp selloff among growth stocks into value, it's likely that this name will break to the downside.
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