All jokes aside, NFLX may be in for a bumpy ride but you cant ignore areas of demand Higlighted in green. These are high probability areas to build a long position. Much like the rest of the market, overblown stocks are selling off as part of profit taking after an epic rally. The market maker discount zone is also a preferred area to buy, but demand is always better.
Shrug. If NFLX breaks this demand level, 100 bucks then 60 is on the table. Good luck Ackman.. NFLX is now a multi-Generational Hold.
NVDA weekly chart created and rested the Hekin Ashi Resistance level at 269.24 created in Feb 2022. This level failed and was rejected resulting in a bearish box. On the weekly chart there is no other weekly support level leaving a Widfe Open Space all the way down to the area at 136.73 first target and finally at 123 to fill the box. These tartgets also happen to...
While there are significant reasons this stock is overvalued and will need to come back to earth in the future, there is always the possibility that this stock is manipulated even higher through the yet unidentified TSLA Whale buying call options every week. A simple fib based trend extension yields targets above, pone of the more popular being the 1.618...
As with all good things that must end, TSLA will eventually test former breakout areas it has made in the past. Should TSLA Break below Heikin Ashi support at 780.79 it will promptly fold to 539.49. Measuring it's meteoric rise, there is a discount zone the Market Makers would love to take out between 300 and 500 bucks. As you may have noticed Elon Musk has been...
The TNX has created a solid Hekin Ashi Resistance level in January of 2014 at 3.034% that has been tested multiple times on the yearly chart. This level is our first short to mid term target on the TNX looking to breakout from a decades long downtrend. Should the TNX break out above this level subsequent areas of resistance are circled as targets in white. This...
DXY has formed Quarterly Equal Lows and reconfirmed support at 91.91 multiple times with an extremely bullish double bottom on Hekin-Ashi Support created in April of 2016. Targets above are 112.27 and 120.51 as our first major target on the way up. Since we have a set of Equal Highs that created Hekin-Ashi Resistance already in place at 120.51 in Jan of 2002 this...
TLT is at an area of Quarterly Chart demand with 2 other high probability areas for a long at Quarterly demand identified below. I have also included the Overall Market Maker Discount zone where price is likely to be driven before the great bond breakout. If you are Long on TLT, now is as good a time as any to start purchasing those Leap Options and building a...
ABBV has been on an epic blast higher and is Vertical off the monthly moving averages. Looking for a round number 180, 200 or into the extreme extension above 210. Shorts should be looking to build a nice position on this with time as it continues to extend. Short back down to the Discount zone.
JPM is currently trading down from a quarterly Supply Zone . Short to Demand around 96$
Below are a few highlighted ares for Monthly Demand where a long position can be built with time.
Short to Demand or Discount Zone. Long off Demand or Discount Zone back to Supply. Nuff' Said.
As is with most stocks right now, PLTR is returning to the former breakout area from march. The market does this time and time again. This area is called Demand. The first time back to Demand typically results in a nice rocket ride. The high time frame demand zone is the most ideal place for a long as PLTR has broken through the market maker discount zone for a...
As is with most stocks right now, W is returning to the former breakout area from march. The market does this time and time again. This area is called Demand. The first time back to Demand typically results in a nice rocket ride. While the high time frame demand zone is the most ideal place for a long, It is also possible that W bounces from this area which is the...
As is with most stocks right now, SHOP is returning to the former breakout area from march. The market does this time and time again. This area is called Demand. The first time back to Demand typically results in a nice rocket ride. While the high time frame demand zone is the most ideal place for a long, It is also possible that shop bounces from this area which...