As the price level has reached to the main supply zone which is our major resistance, possibility of the price decreasing is mighty. If this resistance zone is broken upwards and retests the zone and closes green candle then the forecast would be unsuccessful. And overall for the long period (positioning) my forecast is long at least until the price 86. Good...
IOT on the 30 minute chart has pulled back 35% from its end-of-the-year high when Bitcoin made a bullish move. Bitcoin has settled down and RIOT has followed that trend down. the MACD lines are above zero while the RSI lines have settled in deep oversold territory. I see this as a good entry for a long position with at least 50% upside and much money if...
A double top formed this month around a 50% retracement level on the daily charts ahead of its latest pullback. And it is interesting to note that the market tends to react around the 50% level. The double top could actually be part of a 3-wave retracement, and that retracement could be nearing completion. We saw a strong rally into the January high, hence the...
Momentum has clearly been in favour of bears over the past week for WTI traders, but given it has fallen over 10% from the January high it could be argued the move is oversold (at least over the near term). A doji formed on Monday to show bears are losing their grip, and the fact it is forming a base above the 2023 open price and $72 handle adds to the case for...
The KOLD / Boil Ratio is shown here on a daily char. A rising ratio level indicates KOLD is rising and BOIL is falling making the ratio rather extreme If KOLD rises 10% in a week and so BOIL falls, in a hypothetical say they start out 140 and 20 respectively and KOLD goes to 154 while KOLD falls to 18 the ratio moves from 7 to 154/18 = 8.55 the ratio moves 22%...
Five downward waves descended, and three corrective waves were made for the decline, then five downside waves are made again and finally
📊 SUSHI's Accumulation Box: SUSHI has been in a 610-day accumulation box, with a notable exit and subsequent return to the box, indicating strong interest from traders and investors in purchasing at these levels. 📈 Volume Surge on Return: The return to the accumulation box was marked by significant volume, underscoring the buying interest in SUSHI. 🛒 Long-Term...
From the previous analysis, we find that the price has already interacted with it, and now a test is being conducted for the breakout area, and when the test is finished, it will fall to the shaded area below at its strongest support, and all the data has been placed on the chart. Please clarify that I am helping you with my point of view, which may be right or...
It is corrective waves but still will hit the target What do you think?
AMZN on the 60 minute chart since earnings shows the jump and the sideways consolidation after that. Here the RSI is superimposed on the chart within its own 0-100 scale. It is currently in what should be considered deep undervalued territory and at RSI support /demand. The William's Alligator set of moving averages shows MA compression and so...
AAPL on the 60 minute chart is compared on the superimposed indicator on its own scale the RSI for a similar time frame. The chart shows that AAPL has sunk to its price level in the pre-earnings period two weeks ago. At present, price and RSI are running in parallel and RSI is a litle higher than price while on its own scale. Price is currently near to the...
On the weekly chart a LABU / LABD ratio is plotted with anchored VWAP bands and a volume profile overlaid. I wanted to analyze this to affirm the highest of prospects for the Biotechnology sector for 2024. LABU is triple leveraged Up while LABD is the inverse Down. A good unleveraged biotech ETF is XBI. The chart shows LABU in a VWAP band and breakout ...
YOOO! Happy Friday this is my current Tesla Long on we bull this is my first traditional market trade. 192.50 was perfect entry for me to spot this position my exit strategy is to start scaling out once my appropriate tps are hit. My ideal exit would be at 240. Only Reason the golden pocket of the fib level come in at 240 and could potentially be a...
After breaking the weekly trendline and resistance area of 0.9500, we expect a move towards higher numbers. We can also have a pullback to confirm the trendline, in which case we can expect a 200% move on the weekly timeframe. This is my analysis, your profit and loss is your own responsibility. GoodLuck
ROKU on the 15- minute chart with an overlaid volume profile and anchored VWAP bands demonstrates a high volume area breakout on Tuesday last week having passed through the entire high volume area bottom to top the previous 24 hours. On those days it had a burst of volume. The volume is constant and consistent. Earnings are in two days. More volume spiking...
ARM is working on a double inside day after the massive run up. Tightening now and looks ready to explode higher tomorrow. A red to green open tomorrow could be perfect!
ADSL has formed a cup and handle breakout on a weekly timeframe and is currently retesting the previous resistance zone. It seems like a good time to initiate a trade, as the stoploss would be relatively small, being just below the crucial zone which is now acting like a support. Although the target is relatively small as per the price pattern, it is best to use a...
This weekly chart of the YANG /YINN ratio explains the rationale of the demonstration of the market cycle over the period of a few years as it relates to taking a swing trade in one or the other and finding the likely pivot points based on resistance and support as static levels or importance. Dynamic levels using an anchored VWAP and also a Bollinger Band are...