- QQQ & Sp500 weekly time frame consolidation, low of consolidation likely not set yet, need hourly trend changes back to the bulls first
- TSLA stock confirmed bear break H&S pattern
- NVDA stock broke 420 support and flushed 400 psychological support break than its 394
- AAPL EMA 12 daily and 2D still full bull control
- AMZN bull break to 52 week high lack...
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
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On the chart we can see the main resistance (red) and several supports levels (green).
As the Relative strenght index remains strong we expect the price to continue higher and reach the resistance.
Stop loss: 359.9 USD
Target:315.72 USD
We would enter a short position once the price reaches the resistance line.
Good chance that tech is finally starting to get exhausted. A nice double top pattern is starting to form on this tech giant, MSFT. Implications would point towards a pullback in July giving bulls another opportunity to go long at a more fair value on some of these mega caps. Otherwise, we could have some more headwinds after most mainstream media outlets have...
I've been trying to see if MSFT has topped. But the primary counts (not shown) signals that the recent 3 days down could just be a correction.
So I have to activate the alternate count here and use it as my primary.
The chart shows a potential ending diagonal. If this count is correct, we have just seen MSFT broke the support trendline yesterday. And if this is...
MSFT last wave up 355/360 wave 3 had target 351.47 from nov low x 2.618 perfect . todays low is holding a .618 at 332 of the last up wave odds are a last run into spiral peak june 23 plus or minus 1.5 td
Bat pattern. Typically the bat ends around 261. This would represent a bit of a spike out (But this is consistent with the crab evolution of the bat pattern).
If this is indeed a bat, that last spike out should be the high. This is a high RR spot to fade the move.
Price consolidated since my last analysis. Right now, I'm expecting price to make a bearish retracement, potentially into the bullish POI at 322.72 before we look for a confirmation to push price higher.
These levels are good for traders and investors alike. Fair value is the target that sits between the Long Duration Investor, Short Duration Investor and the Average Analyst Target.
