Clear Head & Shoulders, the target price to the downside coincides with the previous support and liquidity zone, it would also be a retest of the 200-day moving average (I used a 182 days MA which to me makes more sense as it is half a year).
Desktop Metal, a 3d Machine and parts manufacturer broke out of its multi-month diagonal trendline that acted as a resistance. Break out with very important volume and perfect retest so far. One could also see the breakout from a big falling wedge. The last earnings were better than analysts expected and I think the company has very good technology, integrated...
Putting on the same chart the S&P and fed rate the last three market bottoms happened a year and a half after the fed funds rate peaks. (589 days avg.) That would put the next one in September 2024
This could be a good opportunity to long the breakout retest on this falling wedge for Bitcoin
S&P reaching the trend line at top of the channel, 200 Ema acting a strong resistance in the past, I wouldn't long here...
Given the macro environment and the channel the Sp500 is following (plus a sort of H&S) I reckon it could go as low as 3200. Fed increasing rates, money will go from stock market to bonds draining liquidity, I don't think there will be a massive crash but a steady downside to that level.
A head and shoulders has formed on the ETH 4 hr chart...price target is compatible to a return on the POC, I wouldn't long here...
H&S forming....Head perfectly rejected by 200 MA, right shoulders forming by the rejection of the confluence of the 200 EMA and 20 MA...target price of the move down also spot on on the previous support.
Btc could go to 30k where there is a confluence of 200 MA, PoC and previous untested support before the mega nuke to new lows at 14/15 k where accumulation for 2024 could start
After a failed formation of a cup and handle and a fake breakout of the triangle, I could see Gold testing the confluence area of the trend line and previous historical resistance that has never been tested as a support. This could happen if the rates hiking by the Fed keep going on for the biggest part of 2023. This is just pure TA, FA tells me the opposite where...
With positive Earnings Payapl is already + 10% in after-hours breaking the 92.57 resistance...the retest of this line turned support could be a good entry for a long ap around the 120 $ where there's strong resistance from the 200 MA as well. I would take some profit if you are a trader and not an investor, Also the structure from April till now seems like a bottom to me.
As per title, a nice C&P is forming with a bullish divergence as confirmation but be careful, It is a Russia related stock so TA can't be fully trusted in times like these.
This relief could be the 4th leg of the wave and the 5th could bring us down to the 30k liquidity zone.
Another head and shoulder formed after the previous one at the top that I nailed it. This can easily go to 0.16, at that price I will increase my bag.
If history repeats itself we should be close to this correction bottom, just a few more days of pain before the next leg up. It looks very similar to last May correction
Big Head and shoulders forming, it's not complete yet so there's still hope but it doesn't look great. More than happy to be wrong on this one.
lot of people are bearish but this could be accumulation phase. Still in a descending triangle so no clear direction for now...