There may be a lot of choppy price action at the top of this trading range until price definitively starts to trend down to facilitate the correction or break out to make new highs. The reason for speculation that Nasdaq may be due for a correction is based on the current impulsive wave's similarity to the previous impulsive wave in both price and time. If the...
Caesars Entertainment, Inc. (CZR) is approaching a key resistance level at $45 after a strong upward move. The price is currently in a mini consolidation phase just below this resistance, which, if broken, could trigger a new wave of bullish momentum. This setup indicates potential for a breakout, with increased volume likely confirming the strength of the move....
AAPL is approaching a key resistance level, as shown in the chart with a narrowing consolidation pattern. A breakout above the current range could signal a continuation of the upward trend. The stock is trading near the upper boundary of its range, and increasing momentum or volume could confirm the strength of the move. Monitoring the stock’s behavior around this...
AAPL is approaching a key resistance level, as shown in the chart with a narrowing symmetrical triangle pattern. A breakout above the current consolidation range could signal a continuation of the upward trend, especially with rising volume. Monitoring momentum and the stock’s behavior around the moving averages will be crucial for confirming any potential breakout.
NASDAQ:TSLA The price has recently moved above the previous resistance at $235 and is trending upwards within the Bollinger Bands. A breakout beyond the current range could push the stock toward the next resistance level near $265. With rising volume and price action maintaining strength above the moving averages, this upward momentum could continue. Monitoring...
NASDAQ:AAPL is approaching a breakout point, as seen with the recent upward movement toward the $230 resistance level. The stock has been trading within a symmetrical triangle and has now broken above the key trendline after bouncing off support near $215. The price is climbing within the Bollinger Bands, and a further move above $230 could confirm a continuation...
SMCI is in the process of bottoming out after a prolonged downtrend, as seen with a potential base formation. A breakout above its current consolidation zone could trigger a new upward leg, especially with improving volume patterns. Watching how the stock behaves around its moving averages will provide clues on the sustainability of this possible recovery.
NASDAQ:TSLA is approaching a key resistance level, with an ascending trendline supporting the price. A breakout above the current consolidation zone could lead to further upward movement, especially as the price hovers near the upper Bollinger Band. Keeping an eye on the volume and the stock's performance around the moving averages will be critical in determining...
The S&P 500 is currently forming a symmetrical triangle pattern, signaling potential consolidation within this chart structure. The stock is likely to trade between the resistance level at 5650 and the support level at 5400 in the near term. If the index fails to hold above 5400, it may drop towards the next key support at 5300. A breakout above 5650 would suggest...
The stock chart for Apple (AAPL) highlights the formation of an Ascending Triangle pattern. This is a bullish continuation pattern characterized by a rising support trendline and a horizontal resistance level, as depicted by the converging red lines. In an ascending triangle, the rising support indicates that buyers are stepping in at progressively higher levels,...
The chart for NVIDIA (NVDA) displays a classic Head and Shoulders pattern, which often signals a trend reversal. This formation consists of three distinct peaks: the first being the left shoulder, the second and highest peak as the head, and the third, slightly lower peak, forming the right shoulder. The red line in the chart represents the neckline, a critical...
Enter NSE:TATATECH at CMP, with an SL of 1010. It seems that this gem from the Tata Sons empire is on the verge of an up-move in the coming weeks. Those willing to hold it for longer horizons may hold it till a close below 971.4, post which must take an exit. The formation of a reversal pattern post a prolonged downtrend, along with presence of a valid...
Despite the indicators showing a downtrend in the stock, I believe that the risk/reward ratio for NASDAQ:CELH is quite favourable. Why? The risk is mostly mitigated; even if the company reports less-than-stellar results, this is already factored into the price. However, if it does report even slightly better than anticipated results, we might witness a...
The GBP/USD has broken above its bearish trend line established since June 2021, indicating the potential for a significant upward move, possibly reaching the psychological level of 1.3000. But it could rise far beyond that level should this week's US CPI data disappoint expectations. If so, last July’s high of 1.3142, or even higher levels, should come into...
Silver is currently in a bullish consolidation phase, which should not be mistaken for a sign of weakness. Despite the recent strengthening of the US dollar, silver’s long-term bullish trend remains intact. Silver was testing support around $29.50 at the time of writing after a sharp drop on Friday. But this volatility is all inside a bullish continuation...
Good Morning London, The H4 is a currently in a bearish cycle, evidenced by the break of structure that took place last week. Yesterday, we saw the market begin to give a bearish continuation to the downside but stalled towards the end of New York. I'm anticipating a bearish continuation this morning based on the following: 30mins BMS with price...
Taking a look at the daily timeframe, price action continues to trend lower in the bearish channel. In the event we get another daily candle that closes below the last, I would expect to see further downward momentum towards 55,000, and then 52,000. Stochastics is overbought and RSI is holding below 50. These are 2 additional technical confirmations that this...
Are you ready to seize the potential gains in the XAUUSD market? Dive into this comprehensive analysis for a detailed insight into the next big move. I have identified a prime opportunity for traders looking to capitalize on the fluctuations in the XAUUSD pair. Analysis: Entry: 2223 Take Profit: 2210 Stop Loss: 2230 My analysis indicates a compelling setup for a...