AMC Trade setup for 14/6/2021
This trade setup is in the H1 price chart to try and eliminate the noise in the opening of trades.
AMC managed to hold both support at 40.92 and 43.70 in Thursday and Friday's session, identical with previous trading activities around the 4th and 5th of June, as indicated on the price chart above.
It is a strong indication that...
Apple(AAPL) Are you long or still short?
AAPL could be on its way to complete wave five if it holds above 124. It managed to hold above 124 in a few attempts by sellers to drive prices to 120/118 but was unsuccessful, as indicated in the H4 price chart below.
The short-term goals to the upside are indicated on the chart; target one at 132, target two at 138 and...
What's happening with the dollar, and what is the next possible move?
The index is now down to 2018 lows at around 89.70 and has bounced off twice in the daily chart at this critical level.
This level has significant values in terms of Fibonacci retracements, which are widely used by professional and algo traders.
The current price sits at 61.8 Fib retracement...
NIFTY traded at two trading zones in last week's trading session, indicated in 30 minutes price chart, and I expect to see these levels active again next week,
The first active zone was at 34455.20 support and 34956.65 resistance.
The second active zone was at 34956.65 support and 35458.10 resistance.
NIFTY will need to break and hold above 35458.10 to...
BTC is currently consolidating parallel to Jan 2021 pre breakout level, which marks the massive run to 65000.
The current price structure suggests 39048, a critical resistance level that is likely the point where it needs to break and hold to head back up. It's in line with Jan 2021 breakout level and has been tested many times in the last couple of...
NQ is struggling to break through 13710, as seen on the M30 time frame, and it could be just a matter of time before it heads back down.
Major support estimates around 13680, 13648, 13618
Major resistance estimates around 13740, 13771, 13802
Share prices have recovered from the recent fall from 262 after hitting the support line at 246 in the H1 price chart. Another interesting point is that share prices were supported at the resistance/support channel
Share prices managed to hold the support line at the Keltner support /resistance channel. The NQ Index has also recovered from this week's sell-off; share prices could retest major levels at 130,132, 134,136 if it holds above 126.96
MVIS has doubled its value since breaking out at 14.36, closing the last session at 28.90. It will be interesting to see which way it will be heading after the earnings report on 30/4/2021.
Take some profit if you are not sure; share prices could pull back before it continues if there is a good reason for it to continue this rally
BTC: Major support at 52732, resistance at 56916
Three major pullbacks in the past took place in three trading zones. BTC Futures is currently trading in the third zone, The top is at 65286, and the bottom is at 52732. BTC has bounced off three times at 54330 but still to break the resistance level at 56916.
Keep an eye at the major support levels 54330, 52732...
The BTC Futures H1 chart reveals a pattern of break out and pullbacks within trading zones starting from 44360
The trading zones are in solid lines breaking down the price structure and makes it easier to recognize the price patterns and trading zones.
The current pullback from 65286 to 61100 trading zone looks normal; the uptrend is still intact, and as long...
US dollar index could bounce back if bulls take back control at the bottom of the price channel around 91.54 and 91.20
The dollar is down 2% from the top of the price channel to the close of the last session and is about to reach a critical point at 91.20.
91.54 is an important level if you recognize the previous action around this level, but I am leaning...