Willgau13

Willgau13

Most likely heading down to the 20 weeklyEMA for a real test, which is also 50daySMA. Rejected the key pivot, back to bearish until the red zone is reclaimed and held. VRSI neutral also rejected.

Willgau13

Hold the red zone can be interesting EOY. 200SMA need to hold there too.

Willgau13

Interesting setup with earnings coming! Can go either direction.

Willgau13

+ Above neutral + Approaching a key zone - Rejected 190 area (important long-term reversal area) - Selling pressure with bad earnings - Rejected 20dema Possible head and shoulder (seem forced a little)

Willgau13

GUIDE WITH THE AUGUST DUE DILIGENCE IN THE FF CLASS - Rejected 20 weekly SMA - Rejected neutral - Earnings + Key zone (blue) confluence with a key moving averages thay provided the recent bounce + Volume support should be in confluence with the 200 weekly SMA, this zone should limit NVDA downside potential

Willgau13

+ Over key zone + Over 20ema - At neutral What can be next? 28K

Willgau13

+ 20ema reclaimed + Over 50% retracement - Below neutral What can be next? Volume resistance and 0.618 retracement.

Willgau13

It looks like GOOGL will struggle to breakout, heavy resistance on the way up.

Willgau13

+ Held its key zone. - Rejected 20dema - Below key moving averages

Willgau13

- Below all key moving averages. - Still in the channel. + Higher lows on VRSI

Willgau13

+ Oversold - Below all moving averages - Below key zones Box play, won't do anything until this range is broken.

Willgau13

+ Bullish divergence - Below all key moving averages Dont jump in early on that one, wait until the box break.

Willgau13

+ Bullish divergence + Held key zone + Dropped on earnings but ended green - Below all key moving averages - Daily 20dema at 390 - Downtrend

Willgau13

Green zones are potential good area to average in shares. + Back over 20day SMA + Need to hold blue zone, confluence with 20day + Historically good moving average: 150 weeklySMA - Still not above neutral - Declining moving averages (resistance on a uptrend) - 2 gaps remaining - This yellow box can look like a distribution phase after a long run up, we would now...

Willgau13

Potential area of suppoty for the Qs. Confluence in the 290s: Weekly 150 Sma acted as support on previous drop. Previous supply zone might turn into demand zone. 50% retracement from pandemic low to recent top.

Willgau13

+ Mid kelt (20ema) + Above neutral VRSI and retest + Above a curling 20daySMA + Demand zone - Declining 50daySMA - Overall Market Uncertainty - Indices range trading

Willgau13

Fed meeting goes well, nothing surprise the market. This is the end of the bear cycle ending with a retest of a key area of support (420), which is confirm by the bullish divergence. This is a whole falling wedge supported by the 20 monthly Ma (409). Last candle was a big bear trap, fell below a key support and closed back over it. Big volume days tend to happem...

Willgau13

This is a potential path for the bearish theory. As we can see on this downtrend, every time we retrace 0.618 of the previous move we down. First confluence : FED meeting goes bad, we drop to fill the gap that are not filled near 400, this lead to around 395. Let's say we go down the same % as the last drop, this also lead to around 395. Second confluence : I...