•If the price can stabilize above the 16350 area, and there is good volume support for Nasdaq, the price can climb to 15700 and if it continues the upward trend, it will touch its multi-month trend line at 16300 !
• If the Nasdaq is down, the 15300 and 15000 targets are important supports for this indicator.
Today, we will take a look at the S&P500 Index on a quick review.
The price has been on consolidation for more than a month. A few days ago, it made contact with a relevant dynamic support resistance level where we saw a clear rejection. If we have a bullish perspective on this, assuming that what we are looking at on the chart Is a regular correction during a...
Disca has been dropping since March and has now reached an Ichimoku support on the weekly chart.
My support is based on the flat side of the cloud.
Quiet good risk/reward play . One could buy at the current price level with a stop between 24.90 and 23.5 depending on your risk tolerance and sizing.
My target is between 32 and 35 as you can see on the chart....
Hii Traders 😊
I hope that all of you doing well
◽ I covered levels for both positional traders or investors and Short term Traders
🛑 Which area is good to accumulate ❓
🛑 What is the Target level ❓
🛑What is the stop loss ❓
◽ Now BITCOIN is at good area to accumulate as much as possible
◽ The support zone (also called demand zone)...
With U.S. CDC (Centers for Disease Control and Prevention) reversing its stance on mask for vaccinated people amid the resurgence of the coronavirus pandemic, Investors will be watching closely on the main U.S. economic data reports on consumer and producer price inflation for any potential scale back of stimulus by the Federal Reserve.
Several Fed officials are...
Hi! Today we will share with you a trade idea (real setup we will execute on CRM)
First, let's understand what we can see here from a technical perspective.
a) The price was inside an expanding structure defined by the dynamic support-resistance trendline (white line) and the support level.
b) After a huge GAP that broke the expanding structure, we...
Just my observations looking back on all the events during this credit expansion cycle. VERY interesting when you look at the RSI indicator below.
Look at all the historical market events that correlate to exact tests.
***The Cryptocurrency markets will lead the way off the cliff.
We may have already started... I really don't...
I am OUT. This is getting crazy and I am pretty gosh darn confident in this count!! The RSI readings match the wave count as well.
Red Box = retest of the momentum resistance, indicative of a wave 5.
Yellow boxes = I zoomed into just that final wave 5 we've been in for 12+ years and it has retested 3 times!
I'm seriously creeped out.
*My theory is that once the...
After the NASDQ reached my target for wave iii, the index shows a clear reaction. This could be the start of the corrective wave iv. A first clear sign of wave iv would be a sale below 13774. Then I expect prices around the stored trading area around 13550.
This would be the ideal target of wave iv as long as no new highs are built. If this is the case, the...
Hey guys. Today we are dealing with the question of how I assess the market over a long period of time.
Basically, I'm very bullish for the next few years. This analysis is based on the elliott wave calculation and has cost a lot of time. The stock market is a game of probabilities. And here you can see my primary scenario for one of the most important US...