The price settled on the demand zone appears to confirm the trend reversal with current jump in price. Expecting the price to test $125, and if successful, to test $131
When it comes to learning about markets and trading, finding the right path and committing to it is the hardest part. The right path has little to do with any technical analysis method. It has to do with structuring our mental framework so that we fundamentally change how we experience markets, trading, and loss.
In the video, I show some Median Line and...
Looking at Blackstone - recovered from it's drop in 2023 and showing strength going into the 3d pivot.
This reminds me of the SPX chart before it ran to ath. With earnings behind it, if can go through 132-135 range and hold it, that it goes to ath. Otherwise, look for the 118-120 range for some consolidation.
Private-equity firm Blackstone pulled back in early 2024 after rallying in November and December. Now it could be bouncing.
The first pattern on today’s chart is the price zone around $116 where BX peaked in mid-September and early December. It marked the approximate low last week. Has old resistance has become new support?
The 50-day simple moving average (SMA)...
Weekly ended with gravestone doji at trendline resistance
Macd, CCI and RSI all losing momentum and rolling over
Looking for a reversal here back to 95$
1st tgt 107 gap close
BX is forming a Symmetrical Triangle Pattern from a previous downtrend. Expect the consolidation start to break down between now and by June 16th, 2023.
Key Support: Between $102.59 and $104.12, Resistance at $109"
In a detailed technical analysis of Blackstone Group's stock, a bearish trend has been identified, marked by a classic 'Head and Shoulders' pattern. This pattern, which has formed over a span of 139 days, suggests a potential reversal in Blackstone's stock trajectory after a period of bullish...
Blackstone is about to confirm a Bearish Evening Star Doji on the Monthly Timeframe today and is about to break down from its RSI Channel. This could then escalate into a Bearish BAMM on the Macro that would take it all the way down to the 0.886 Retrace around $30.00
There is an uptrend and finishing at about 50-61.8 Fib PRZ. After ending a correction on weekly time, the last wave is a pullback to a broken price level and a good bullish candle as a trigger for buying. As always, setting a good SL is a guarantee for our trading. not bad idea sl at about 94 .
BX weekly candle close was epic, a bearish gravestone doji. What makes this set up even more saucy is that the measured B wave is currently at a 1:1 ratio for its a=c waves (not labeled) and it retraced 50% of its A wave (normal place for the B wave to end). Sell side Algos are also in play, with PA reaching the half way back for the entire move down and a golden...
NYSE:BX is ready for a move higher, we need a solid break above 95$, long the breakout to target levels shown on the chart, stop loss daily close below 87$.
Exciting developments observed on Blackstone Group ( NYSE:BX ) as it approaches a potential triangle breakout. A successful break above could lead to a retest of $92.5 or higher in the near future. Keep an eye on the daily close for confirmation.
