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Today, we will look at the relevant levels of NIO and what we can expect from them. The first thing is defining the current context: a) The price is making a corrective formation (defined by the support zone and the descending trendline) b) The current drawdown is 59% c) The current duration of the drawdown is 365 days. From where we are right now. ...

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Today, we will look at one of my favorite assets to trade Crude Oil / USoil or the ticker you like the most. The main scenario I want to get ready is a possible bullish movement based on the current price action I'm observing. - Bullish impulse coming from 0 towards 77.5 - 77.5 is a major support resistance that has been working since 2006 - That level...

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The main level I'm interested in is the support at 50.00. If the price reaches that level, I will start thinking about bullish opportunities. Let's assume that happens. The pattern I want to see is: First: breakout of the current descending trendline Second: a corrective movement with similar proportions to the red line you can see on the chart IF all...

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Today we will take a look at DKNG. The first thing to mention is that the price has reached a significant level composed of a support and a cloned trendline of the current descending movement or corrective movement. From here, we can see an inner descending trendline inside the correction (yellow line). That trendline is really important to provide us with...

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Let's take a look at IBKR and the current setup I'm waiting for. As you can see on the chart, I have defined all those situations with one thing in common, massive drawdown in terms of time and decline and the subsequent resolution after we have a new all-time-high (ATH). First Scenario: 65% decline and 2660 days until a new ATH / Followed by a 27% bullish...

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Today, we will take a look at COIN Which are the main elements we can see? 1) The price has already reached the major support zone (or bearish target) and has bounced there. 2) So, what would be a good scenario to think about in terms of bullish opportunities? 3) I would like to see the breakout of the current bearish trend (yellow line) and then a...

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Today we will look at Kraft Heinz, a stock in the top 5 holdings of Berkshire Hathaway, that has not been performing yet with stellar results, but that may change, or not... So first, let's look at some conclusions from a technical perspective. -From 2017 to 2019, the price was clearly on a bearish trend, defined for the most external trendline (white...

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Today we will take a look at Berkshire Hathaway's price action . On this chart, we can see two major technical elements. 1) The current ascending trendline started at the bottom of the pandemic sell-off. While the price stays above that line, we should be open to bullish movements coming. 2) The current consolidation. Those structures are great situations...

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Today, we will take a look at LYB . We can see the price has been moving inside a correction for the last 195 days, and the structure is clear enough to understand its more external limits. The way I thought this scenario was like this. How many times in the past were similar situations like the current one, and the next question is can I observe a pattern so I...

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Today we will speak about AMZN, the bullish view, and my current setup. If I have to define my trading style, I will describe it as a swing breakout trader. A basic explanation on the way I trade would be described like this "Impulses tend to come from consolidations, so if I'm able to identify formed consolidations on an advance stage, I can start thinking in...

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Today we will take a look at CRISPR Therapeutics. Which are the main technical elements we can see here? a) The price is against a major Support/Resistance level, working since 2018. The price reaction on these zones tends to provide solid insight into future movements. b) Let's assume the price bounces on the current zone; what can we expect? - A...

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Today we will take a look at META. What are the main technical elements we can see? - We can see two clear impulses and two clear corrections. The first correction was an ABCDE triangle pattern. And the current correction is an ABC zig-zag pattern (for now) - Understanding corrective structures is crucial to have clarity when a correction is finished or...

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Today we will take a look at ROKU. What can we see from a technical perspective? a) Currently, ROKU is on a Drawdown of 60% from the previous ATH on JUL 2021. And if we take the first top on February 2021, we have been on a drawdown period of 290 days + b) The main bearish structure we have right now is the descending channel. While the price stays...

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Today we will take a look at AMAT. What are the main technical elements can we see here? - First, we have the 200 days main structure that the price broke on November - After the breakout, we observed a retest (typical behavior after a structure of this size are broken) - Now, we are ready to define a level where I will consider that this chart...

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Today, we will look at ARKK, one of my favorite assets to trade. What can we see right now? The price made a new local low last week, which took us to a 42% decline since the previous ATH on February 2021. As you can see, this scenario already happened in the past, and ALL the time, we saw new ATH coming after that. That's why it's important to define what...

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Today we will take a look at the setup I'm waiting on BTCUSD. On my first post about the possibility of a "new bull run" coming, I explained how I was going to trade this situation (you can see the original post on the link to related ideas at the bottom of this post) My trading plan was composed of two setups, the first one and a re-entry using the same...

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Today, we will take a look at Square INC. The main context for the price is the previous corrective structure (white lines). In August, the price apparently made a breakout which then got back into the structure once again, creating a secondary structure (yellow lines) We always work with the idea that the price moves between zones of the same degree, so, in...

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MELI, Breakout or bounce? Today we will take a look at the Latin American e-commerce platform "Mercado Libre." Currently, the price is on a relevant level to pay attention to; it's a zone where we have a support level and the cloned trendline of the current correction. As this is a major zone, we can start thinking about the bullish or bearish resolution from...