BTC Downtrend very much alive. A short hiccup will take it back towards 22-24K before it resumes its downward journey towards 12K. 12K is a very strong support and most likely whales will enter at the price level. My short term trade: 1. Long till 23k 2. short from 23k to 12k
AMZN is currently in an indecision zone. On one hand, all indicators (RSI, Stochastics, MACD) indicate that it is has strong negative sentiments. Technical analysis with H&S reinforces this negative view. However, the S/R of 101 is a very strong support. Therefore, for Amazon to go further down below 101, it needs to break that level decisively. Till then, Amazon...
Analysis of the Price Action indicates a strong downtrend for SPCE. My mid term target is 3.6 from its current price of above 6. It has established a new ceiling as indicated in the analysis. Currently I will take a short position on SPCE. For more analysis, or requests regarding any specific tickers, get in touch.
As the price of Oil starts its downward journey towards 101 over the next few weeks, here is a look at the long term historical price trend of Oil, and use historical patterns and socio-economic behavior to predict future trends. The Price of oil will start going down as the demand for oil will abate due to increasing fears of recession. This self fulfilling...
The price action of tesla is following a postulated path. The market astutely drew in buyers to set up a double top bull trap in early April before forcing a rapid liquidation in May, resulting in a validated bear trap. TSLA has remained in negative flow (decisive bearish momentum) as it struggled to regain its bullish bias. Despite the near-term bear trap, the...
Gold is heading to 1800 in the short term. All indicators as well as Analysis indicate that gold will head down till 1800 and then either bounce back (depends on economic news coming out next week) or break down further to 1760. From the 1760 mark most indicators point towards gold heading back to the 1850s. Watch out this space for more analysis. If you want...
oil has hit a wall since its last run up. its currently at an undecided zone due to the global security and economic issues. technically speaking, it has been on a Elliot wave downtrend, and its on a retracement before resuming its downtrend. A whole host of bad economic news and uncertainties is applying downward pressure on the price of crude, and this downward...
BTC is in a strong downtrend and is going through a temporary relief pullback. it will resume its downtrend after trapping new buyers in the current setup. Downtrend will resume from around the 24K mark.
Silver is sitting on EXTREMELY long term Support Resistance. In the immediate time frame, Silver will move up after cracking the psychological 22 level.
Now that gold had its temp pullback and then another great fall, it has now entered a buy setup. my entry price will be 1793 and target 1820 with SL at 1785
Gold has fallen as per its support resistance and is now ready for a short rise to 1820. Time to get on the upwave. this is an interday swing trade i am taking
Oil as projected earlier started its downwards journey. Now it is in a pullback from its overnight low. Another sell opportunity coming up from 69. Reasons: Saudi Arabia announced a price cut to asian consumers today. As a result the price went down significantly, and is now on oversold from a 1H time frame. The new sell opportunity from 69 will see the price...
Gold is going to be stuck in a wedge till it can exit it (probably for the upside).
Update to Idea ... Nasdaq broke structure and started with its fall today. Current technicals point to a short 'respite' which may see it recover some lost ground, but Nasdaq has more or less started its deep dive due to the following factors: 1. End of Earnings season. (Usually the majors see rotation post earnings) 2. Delta, Mu and the New South African unnamed...
Time to Sell USOIL at 69. Reasons: 1. Fundamentals: New covid variants will drive down demand 2. US enters Hurricane season - drives down demand by cars, but demand by boats and electricity production (generators, etc) will go up. 3. Shutdown in production in offshore facilities will increase volatility. 4. OPEC+ has assured increased production. High Oil prices...
Nasdaq Sell ... Expecting Nasdaq to start its deep pullback. First Target 15300
Selling DJI. Reached a resistance level from where I expect DJI to start going down. my SL is at 35400 (just above the resistance) and TP at 35000
Dow correction on way. Dji will go down till 34600 at least. Part of sector rotation from Energy, and Banking back into Tech and cyclical.