This year JPY hit new lows across the board in last few weeks even though BOJ decided to end its ultra-loose policy, by raising rates for 10bp in March. USDJPY broke higher, out of a triangle on a daily chart, so we know that this is most likely final leg with a higher degree wave III/C. In fact, there was a nice push up to 160 resistance not seen since 1990,...
#FTSE large top formation. Very important Support 6,850. 4 lower lows.
Blow off top candle? or recession is looming? you tell me, this thing is going berserk. quite amazing, the dollar is about to enter the MEME stock category. What a parabolic shoot
TAN - Invesco Solar & Wind energy ETF has a small head & shoulders formation. Price closed Friday approx at $80.00 neckline. 1st downside objective to fill gap $77.29. Top 3 stocks in TAN ETF: $ENPH $SEDG $FSLR
Hi! $CRWD displays a fantastic symmetrical H&S top formation. This is accompanied by a bear pennant formation forming at the neck line breakdown area of $169. The entire formation is bearish. Nothing about this stock appears friendly. PE is 167 and trading at 43X price to book, (which is very expensive).
I think in the last month we are beginning to see certain sectors of the market starting to crash, mostly technology sectors, like TSLA, AMD, NVDA, INTC,... You really don't have to be expert chart analyst to see that the whole stock market, especially technology sectors are extremely overvalued. It has never been anything like it, really for the past 90 years....
Not investment advice but look who came to the party?! DYOR but when the caped crusader shows up, there's probably some short term carnage on tap. Is Wayne Industries a publicly traded company?
Is Bitcoin a good barometer for the broader market? The chart laid out above suggests this is a possibility - and indeed, it would make a lot of sense, considering how risk tends to peak prior to tactical and cyclical corrections in the stock market, and Bitcoin is broadly considered to be a risk asset. Note how the 2017 macro top in BTC foretold a top in the...
When the prices hit the levels, which is a resistance on many time frame, chances of price rejection will become high and the same is happening here in the cnx auto index.
MCD continues to break to the downside, dropping easily through the top completion level and heading down to test a lower low.
Note : Ascending triangle FAILURE --> breakout + KISS structure --> sell on rally **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions, -
This quick idea is a comparison of the pararbolic $20k top formation of Dec. 2017, and what may be the top formation of the recent parabolic spike with a high currently at $9.1k. Both exhibit similar characteristics, namely, the double-zig-zag fractal in pink (up-down-up-down), followed by a spike to a final top in purple, followed by a double bottom formation in...
PayPal broke to the downside, then bounced up on a strong upside market day. However, the gain of the bounce is weaker in volume and price pattern than the previous downside black candlestick. It has weak support to the downside all the way to the red line.
Salesforce.com formed a Rounding Top that broke to the downside. However, it did not complete the Rounding Top Formation yet, as it bounced strongly off of previous monthly highs.
Microsoft gapped up on earnings in April. However, the pattern has weakened since then with gap down action. The stock is now at risk of losing a potential top candlestick pattern formation unless corporate buybacks are instigated to maintain the price level.