The trade idea I presented in my previous Tesla post (linked) did not work because price went lower on Thursday and pulled RSI down below 35 (orange rectangle).
My initial idea on 16 Nov. was for RSI to move higher from 35 as price rose. Instead RSI fell and stayed below 40 for two days (remember this is a 30m frame), until the green candle in the final Friday...
AUDUSD has recently broke down out of an ABC correction. We are now in the impulse phase, which is made up of 5 waves. We've seen wave 1 and now currently in wave 2. Expecting the a big wave 3 very soon.
- Watch for rejection of fib levels for a risk entry
- For a safer entry, watch for the break of the red ascending trendline
Simple analysis here. The VIX is closing in on strong dynamic and static support.
Buy volatility, sell/short high-risk assets (1-6 month timeframe).
No change in my intermediate and long-term thesis. Still early innings of a bear market. Market conditions are steadily worsening.
Looking for a move in VIX to the static resistance level of 35.8 in the coming...
The stock broke above the Previous Resistance with a Big Bull Candle with a Huge Volume.
Now It is retracing back to the resistance level which would now work as immediate support
Support levels: 1937-1942
Resistance: 1988 and 2016
Type of Trade: Swing, can covert into positional, as higher timeframes are quite a in sync with short timeframes.
TP quickly hit and now im short.
Technically we see a fakeout and a good chance to short.
Recent PPI shows that its not impressive and priced in to see a lower inflation in the US... Inflation has generally been no topic anymore as peak has been reached.
Now its more the fact that raised rates and upcoming rate-hikes into a recession will...
Stock is looking good on most of the timeframes.
On the hourly chart, it is consolidating above the previous resistance, which is now working as support i.e 818-820.
Sustaining the support, the stock can probably move towards 840 to 860 levels in the coming trading sessions.
There is a Big Bull Candle formation of the hourly chart, followed by consolidation in the upper half range of the candle.
Daily weekly , monthly charts all looks positive.
Hence, if it sustains 396-398 , in the short term it can move towards 413, 423-425 levels in no time.
Type of trade : Swing
Stock is in uptrend on 1hr TF making HH & HL. Stock broke above its resistance zone and now retesting it. Stock also made double bottom pattern as indicated by red arrows. Daily RSI is also above 50 which is bullish territory (according to me). Stock is good buy at 193 level with SL around 187-187.5 for a Target of 204 and above. Good risk to reward...
GSPL : Beautiful Chart pattern breakout
Good Risk Reward
Watch out how it moves, Add in wathclist
This is for Learning purpose, not a Buy Recommendation. Consult ur Financial advisor & do ur own research before taking position in this Stock.
Learn & Grow, Earning will Follow
Bullish Uptrend on Monthly and Weekly charts.
Good Intraday trade on Probable Bearish Reversal return to FIB levels.
Retracement on Weekly is probable.
Short Intraday Trades on Weekly Retracement back to Weekly MA/EMA line 21 50.
If retracement happens then we will switch to
Bitcoin bounces off $25246.29 which is the new resistance. Btc is down -60.74% since march 21th & I currently see it dropping another 100% in the coming months the way the chart is structured currently.
Rising US yields are applying a visible downside pressure on the pricing of cryptocurrencies. The latter hints that this alternative asset class may not be immune...
EURNZD is trading within a falling channel on a daily time frame.
For the last 2 weeks, the pair is consolidating, though.
The price formed a descending triangle formation - a bearish accumulation pattern.
To catch a bearish continuation, wait for a bearish breakout of 1.673 - 1.679 horizontal support.
After a daily candle close below that, a bearish...