• TSLA did a Bearish Engulfing candlestick pattern yesterday, and it is back to its 21 ema area; • If TSLA loses this 21 ema, it could seek the next support at $187 again; • TSLA is still in a congestion, and only a breakout of the $187 would reverse the bullish sentiment; • On the other hand, it has to break the previous resistance at $214 in order to trigger...
Technical Analysis Summary XAU/USD TREND ANALYSIS We have 1 UoTrend in Green (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). White trend is a trend broken that was in my last publication. FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an...
• TSLA is trying to retest the previous resistance level at $214, but it seems to be losing steam this morning; • The problem is that TSLA is inside a congestion, and any bearish signal around $214 may indicate that it will correct back to its support level - probably the 21 ema; • In order to regain bullish sentiment, TSLA must do a clear breakout of the $214...
It’s amazing how things can change in a week. Last week I was looking to buy EURNZD around 1.69450. The deeper retracment trade would have given me an a 1:2 risk to reward trade. This morning price made a new high. After updating my chart( just adding a note there has been a new high(1.70615)so now I can focus on a new buy entry price) I have another chance to...
Technical Analysis Summary USDJPY TREND ANALYSIS We have 1 Uptrend in green color Internal Trend (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR...
• The SPX is reacting today, as it is trying to break yesterday’s high and the resistance at 4,015 (red line); • If it stays above this area, the index might bounce again, and retest the next resistance area around 4,060; • The 4,060 was a previous support level, and it is where the 21 ema is right now, making this a dual-resistance area in the daily chart; • As...
• TSLA broke yesterday’s high, which was a Hammer candlestick pattern, and it is trying to react this morning; • The stock has been correcting since it hit the $214 area, but it is still above its key support levels; • TSLA could easily climb to the $214 again, but only a true breakout would make it resume the bullish bias again; • The area around $180s is a...
• The SPX is doing a bearish reversal structure, as it lost our two main support levels: The 21 ema and the 4,060; • Last Friday it tried to react, as it did a Dragonfly Doji, just above the 21 ema – However, today’s reaction rejects this bullish attempt completely; • Now it seems the SPX is seeking the next support, at 4,015; • Since the index lost the 21 ema,...
• TSLA is stabilizing today, after Friday’s bullish reaction; • Since TSLA failed in breaking the $214, and it did a top sign last week, it is just showing signs of weakness, however, the bias is still bullish; • The trend is still bullish as TSLA have yet to trigger a lower high/low pattern and it is still above the 21 ema; • The fact it did a double top at $214...
• TSLA is still trending, and as of yesterday, there’s no top sign on it yet; • It is breaking the previous resistance at $214, which is a bullish sign indicating a continuation of this rally, but TSLA must stay above the $214 today, otherwise, it might lose momentum, and the market might see it as a false breakout. We'll have our answer today; • I see many...
The price perfectly fulfills my last ideas. The market is heading toward resistance zone from the strong support level . The price is squeezed by descending triangle pattern and the price might bounced off it and go up to test the resistance zone . I think gold might go up if price action breaks out of the triangle pattern . My goal is the resistance at 1865.
The market dropped from the resistance zone after breaking out of the ascending channel by making a impulse leg and hit the target. The market is heading towards strong support on the daily timeframe and the price might bounced off it. I think gold may go up if price action forms fake break or double bottom at the support level . My target is the resistance at 1846.80.
• SPX is inside a Descending Channel, as seen in the 1h chart; • Despite the bearish momentum in the 1h chart, the trend is still bullish in the daily chart, as the SPX is still doing higher highs/lows and it is above the 21 ema; • However, if it loses the 21 ema, or does a downwards breakout from this channel, then the bullish bias might reverse in the daily...
• The SPX lost our key support at 4,100, and it did a correction to its next technical support, the 21 ema; • Now, it seems we have a bullish reaction above the 21 ema, however, this reaction wasn’t that good; • The bias is still bullish, as the index is still above the 21 ema, but would be important to see a more powerful reaction, preferably, closing above the...
• TSLA is doing a top sign, and it is showing some weakness; • Since TSLA is losing the $200, and it did a top sign, the next technical stop is the $182; • The last 3 candlesticks form what appears to be an Evening Doji Star, which according to Bulkowski’s studies, works as a bearish reversal 71% of the time; • Therefore, a correction wouldn’t be surprising,...
Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Downtrend in red color (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White...
In this analysis, I see a potential long position in AUD. What I believe that based in the fundamental news, Japan has some bad news that I will share you more later what I read. But I iwll focus on technical analysis here: In Daily timeframe, we see a AUD so bullish that could to continue in this way to my forecast, what break out this bearish trend line and...
Short in CAD/JPY now. I see a noce setup that CAD may to develop a drop incoming. This it's the H4 timeframe wgat i expect in this trade. Stop Loss in $98.33 JPY and take profir to $96.12 JPY. Entry in the market price Good luck