ThinkingAntsOk

ThinkingAntsOk

Today, we will look at a beautiful chart from a technical perspective and all the relevant levels that we should pay attention to. Key Elements on the chart: a) The dynamic Resistance level working since 2018. That's our Major level in terms of defining the turning point for bullish movements. Once we have clarity about "major levels," we may see two types...

ThinkingAntsOk

Today, we will take a look at Coinbase. Currently, the price is down -26% since IPO. But what can we expect from here? * After 223 days of trading since IPO, we have some context to make Technical Analysis and make some quick conclusions. * We can see a clear transition between the beginning of the bearish movement to the sideways movement on the bottom and the...

ThinkingAntsOk

PYPL is on my trading watchlist because, as a growth stock, it has been in a corrective situation for a reasonable amount of time, 284 days to be exact, from February 16, 2021. When we have this type of consolidation, it is easy to look at the past and ask a simple question. How many times did a similar situation like the current one has happened? As you can...

ThinkingAntsOk Updated 

This is my plan to trade BTCUSD based on historical price data. Today I didn't have enough time to add all the pictures to explain my hypothesis better; however, the idea goes like this. What happened every time the price was on a consolidation phase bigger than 150 days, and a new ATH happened? I looked at the chart since I have data (2011), and my...

ThinkingAntsOk Updated 

Today we will share a pending setup we have on XAUUSD Whenever the price has made content with the major support level around 1680, we have observed bullish impulses towards the following resistance levels. The extension of those impulses varies; however, the minimum distance was the last impulse (minor resistance zone). With that said, we expect a bullish...

ThinkingAntsOk

Today I will speak about CSCO. The price is against the previous all-time high since 2002. As you can see, the sequence we have right now happened two times in the past. The price reaches the top, makes a correction, breakout, and small throwback on the broken structure (daily chart), and we have a bullish impulse. Based on that, we are in the situation...

ThinkingAntsOk

Today we will define all the relevant levels on Disney either for bullish or bearish scenarios. After the gap on the 11th of November , the price kept falling, and now it's a good time to think about reversal areas or the following bearish targets My main conclusion right now is that we are on a Flag ABC pattern, which means that we may see content with the...

ThinkingAntsOk

Today, we will take a look at American Airlines Group from a technical perspective. The main aspect we can observe is the weekly trendline working as dynamic support since 2008. We can consider it a major level from where we have observed lasting bullish impulses in the past. Alright, if that's our support level to start thinking in bullish opportunities, we...

ThinkingAntsOk

Today I will share the filter I have before taking a new setup on the precious metal. The key idea here is that every time the price was on a bullish trend, we observed clear corrections on the way to the final target. We have defined all the cases; we will trade case 4 using the three previous situations as models. The main characteristic we observe once the...

ThinkingAntsOk

Today we will take a look at Micron Technology, a company that engages in the provision of innovative memory and storage solutions. Time to check the Technical elements on the chart: 1) From 2018 until November 2020 the price was inside a massive range until we saw the breakout of it and a 50% bullish movement from that situation towards the top of the...

ThinkingAntsOk Updated 

Today we will share a pending setup we have on The ARKK Innovation ETF managed by Cathie Wood. Another great asset in terms of technical behavior. What's the key idea of this setup? -Once we have a CLEAR correction, EXAMPLE: a formation with more than 150 days or a significant drop in the price like 2020. We draw the MOST external trendline using Higher...

ThinkingAntsOk

Today we will take a look at the current formation on NIO From a technical perspective, we are observing a triangle pattern. But what is a triangle pattern? Ralph Nelson Elliott one of the fathers of modern technical analysis, and the creator of the Elliott Wave theory, Identified that the price moves on impulse and corrective sequences. One is followed by...

ThinkingAntsOk

Today we will speak about GE. Why? because it's on a situation that from a technical perspective is BEAUTIFUL. Let's check those items: 1) Massive range that started in 2019 and was broken on March 2021. Remember that classical chart patterns tell us that when we have a range, we can calculate the minimum target extending the size of it above or below the...

ThinkingAntsOk

Cronos Group, Inc. engages in the production and distribution of cannabis. Today we will take a look at the chart, and we will define what's the scenario we are waiting for before trading. Between 4 to 5 dollars we can see a support level that has been working since 2018. That means that we are in an interesting situation regarding a historical low from where we...

ThinkingAntsOk

Let's take a look at the current situation of Boeing: a) For the last 230 days, the price has been on a Corrective pattern (yellow lines) inside a macrostructure (White trendlines) b) Based on past behavior we can see that after the breakout of this type of structure, we tend to observe a small correction. c) That's the situation we think is the perfect...

ThinkingAntsOk

Gold is one of my favorite assets to develop swing setups due to its consistent technical behavior. Today I will explain my general view about this setup: The key idea here is that I want to see one more bearish wave before developing setups. Why? Because based on past scenarios (3 situations), the sequence I observed before beginning a new impulse is always a...

ThinkingAntsOk

Today we will talk about Beyond meat! There is a curious thing about this chart , and that's the dynamic support it has been working on since Jun 2020. We have been observing several contacts since that date, and it tends to respect it pretty well. Alright, nice line, but what then? Okay, the idea here is either the price has already made contact with it or...

ThinkingAntsOk

Today we will take a look at Paypal ; let's start with the main technical elements we can see: First: The support and resistance levels. Currently, the price is against a major support zone working since the beginning of the year. From here, we have defined the next support level and the next resistance zone. Both will be working as primary targets, either for...