Description: An analysis for the week ahead. Points of Interest: Prior-Balance; Weak Highs and Lows; Dull, Emotional Participation; Nasdaq Weakness; Financials Intact. Technical: Broad-market equity indices struggled to hold onto recent gains, evidenced by the failed continuation higher. Recapping last week’s action, on Monday, after a good amount of...
Personally looking for buying pressure in either of the two highlighted areas, price action will be used for optimal entry. Targets are around 120-130 pips depending on the setup, can see price reaching 1.28200 region midterm. This is my personal outlook for GBPUSD .
Using 2 Fibonacci retrenchment tools because there is no question at this point whether this is bullish because there is no doubt that with the volume Nikola had, and this big pullback, will cause a massive breakout. If you dont think this stock is is a bullrun then im not sure where you learned basic principles of trading. We're buying the pullback on this at a...
NKLA is probably the most hated and controversial stock in th EV market. I did take a position in NKLA even though a drop to the 70% correction zone could be meet, yet my trade position would last till the event up to NKLA world and hopes that the earnings report tells us pre order numbers on the badger and the the order numbers of the semi trucks. News -Trevor...
Shorts are leaving the arena, and FOMO has set in. Last 400+% move up yielded at 65% pullback. This time a similar move up may yield a similar move back given the market is torn on how to value such a company. At a minimum a 35% pullback is in store soon... especially given the bearish divergences, but it may take a while for that move and another leg up could...
We can state easily that those 3 lines might go with for weeks and weeks, So watch out the market and stay tuned. Regards.
TSLA I made an argument earlier this week that since the last 'golden cross' in late March, TSLA stock price always bounced off of the 200 MA level in an hourly time frame. "When is the next bounce?", I asked. I believe we are at that point now. The question now is that if the current market condition will allow for this structure to sustain. Let's hope the...
Hi Guys, Tesla to retrace 50% from all time high. Intel to 40 Usd and Apple to 250 Usd. Thank you, Simone Siesto
Using multiple Fib retracement graphs, it is evident that the price is retracing along the horizontal green line as seen on the graphj. Standard indicators of the uptrend are such as parabollic sar is and EMA are showing supporting this movememt. Using FIB extension, it is evident that the trend will reach its peak at the level of 0.618 or 1700 USD "Trade...
Tesla has found support at the 20-day during this recent run. Good risk/reward for a long entry here.
Looking at the current structure of NIO's chart, I believe ts safe to say that NIO is bearish in the very near future. I do not have any type of fundamental reasons why I tink NIO is bearish but I basically follow what the charts telling me. For this reason, If NIO does break $10.56 I will buy some puts on it. At some point the gaps will fill if it breaks $10.56...
According to my analysis and the technicals on the chart, Tesla bubble just got popped. Be careful, all the air and vapors that inflated it started coming out. And there is too much weight, the balloon is falling down with a projected 50 to 80% retracement.
A lot of people have been caught off guard by Tesla's massive rally, but one look at the historical chart shows you that TSLA has done this before: In March 2013 it took off on a +600% rally, most of which was gained in 3-4 months. Strikingly similar fractal to the current run. Now we are hearing calls for TSLA to hit $3k, $4k, $5k coming soon. But what most...