I know that Tesla is a hot topic right now. With this much bullishness and euphoria in the market, I need to talk to you about the bearish case for Tesla stock so here me out :
I know that the Battery Day event was a great one (to see a recap of the improvements to tesla cars see this link youtu.be ).
And the hype leading into it was real...
Time for me to make an update on the bitcoin situation. Shaky times ahead, let’s talk about it.
I’ve spent a lot of time looking at the chart, trying to come up with the best fitting trade scenario. Recently the bearish case seems to have added more weight to it. I will show and explain it in detail in this post.
The bullish case is strong with this one.
From time to time it is good to update our perspectives on a chart. Binance is a crowded place and BNB reflect the strength of the altcoin market. Was one of the top performers before and maybe he still is. Let’s talk about it.
For starter, the retracement of the previous wave came...
Everyday in the market bring new opportunity. Today I go back into an old friend of mine $THETA for a new ride.
The pattern is simple I identify it as a Cup & Handle . The cup is quite large, and the handle may be in formation.
It is a pretty straight forward trade but with a good potential of profit in a short amount...
Hello, it has been a long time. With the crazy market moves lately I did not really had much time to create free content while I had to manage all my different trade.
Anyhow, I think I may have something of value today that I want to share with you.
Let us look at the Swiss franc / US dollar exchange rate.
I take the 3 month timeframe because Forex moves are...
No long analysis needed it is a really simple trade.
A H&S (head and shoulders) formed on the daily timeframe.
Now it either reach target at 6.6 or get invalidated with a daily close below the right shoulder at 5.79.
As time goes by, I will keep you updated on the evolution of the exchange rate, so make sure to follow me on Tradingview
Thank you for reading...
Legend : PSY= Preliminary supply / BC= Buying Climax / AR= Automatic reaction / ST= Secondary Test / SOW= Sign Of Weakness / UT= Upthrust / LPSY= Last Point of Supply
I’ve been discreet theses last few days because there is a lot of uncertainty in the market and BTC has been ranging. So, it’s not my place to call a top but I can surely follow a trend or point at...
Hello it’s me again. To understand today chart I invite you to go read the Part 1 of this post (link below).
The fractal nature of the market is undeniable. And after some real market progress, prices are bound to enter a distribution phase and then eventually a correction.
Legend: PSY= Preliminary supply / BC=...
You don’t need to be rocket scientist to trade. You only need to make a plan and stick to the plan.
The plan was to buy low (during the 12 March panic) and sell high near a top.
I think a top is forming. Let us talk about it.
I already made a post about Wyckoff Events . Last time was to present an accumulation range now I will show a distribution one.
I been following the bounce peacefully these past weeks.
But now something is up.
A head and shoulders pattern form on the 4h and It is on the verge of completion.
If true it may be the beginning of a correction.
Stop loss if the price goes back above the right...
Everyone is well aware that the current state of the world economy is dire.
In my previous analysis I was following the price of WTI and USOIL (link below) but due to the MAY contract debacle the charts are now trash.
So, now to monitor the advancement of the recovery I will now use the Energy sector ETF XLE. It will not...
Cryptocurrency is a wild market.
During the recent rally I was monitoring the price, waiting with cash on the side line to "buy the dip" and like always the dip never came.
Instead I now identifie what can be said to be a parabola.
Meaning that buyers becomes more and more impatient and cocky.
I speculate that like all parabola it will end in an extrême price...
"The majority is always wrong"
One of the core principles in technical analysis. Looking at what the crowd is thinking then engineering a counter trade. The current market sentiment right now is that a recession is coming, and one should be buying gold and hold on to it because the price is set to go higher. And so, everyone is doing that, sadly for every buyer...
I'm not a fractale guy but it is always nice to see that the market can make things look divine every now and then.
I would not expect the same outcome (on a smaller timeframe) but it is still a double bottom patter waiting for confirmation.
A "M" that change into a "W". Bears losing control in favor of bulls.
I'm monitoring crude oil price decline for several days now. I think that it is now ready for a counter trend rally. At least that is what my indicators are telling me.
Stochastic is turning up after a couple time in the lower region.
RSI forming a daily bullish divergence...
The chart speaks for itself. I expect higher prices in the future meaning negatives yields...
Learn more about the Wyckoff Method : school.stockcharts.com
As time goes by, I will keep you updated on the evolution of the chart, so make sure to follow me on Tradingview
Disclaimer : This is not financial...
A lot can be said from the chart but this is just an update. Made a Thursday, not the most important trading day of the week.
Friday will guide weekly close.
Stochastic print a slight bullish div + crossing up from the lower region.
RSI making a reversal patern should now trend...
It is said that the market is always right. What the market is telling us right now is to sell real to buy euro. Let’s analyze the chart.
First and foremost, the pattern : A Cup and Handle
That broke out last week. The price is above all EMAs and all my indicators are favoring the upside. Meaning of a strong devaluation...