Bullish rising wedge to be seen here, target is around 58. Aiming for bullish continuation, really strong catalyst on Q3 Earnings narrowing the quarterly loss.
Algo also bullish showing a buy in at around 46 Dollars with possible adds at the lower channel trendline.
Fractal to be seen here, very similar to a previous one we had, eyeing the target at around $700. Catalyst: Astonishing Q3 Earnings and S&P500 inclusion.
Algo showing recent adds to position, proving bullish thesis.
There is slowly a channel forming here with a lot of buying opportunities from the support areas. This channel will lead AMD up to 89 and higher to close the upper gap and continue with its bullish journey. The recent drop was most likely caused by algos selling on the recent AMD news. A green week for AMD is expected.
Purely technicals wise looking good for NQ and ES for another leg up towards the pre sell off high in early september. On Monday a good entry would be longing the range bottom and simulatiously forming a double bottom then. The lag is there maybe because the ES is front running the NQ then as it is already in this ascending triangle and the NQ could go a little...
First of all noticing bullish divergence on the RSI, despite making a lower low causing the bullish Divergence + with the HTF Resitance being quite far away at almost 148 Yen.
Additionally adding a second infection wave on the asian continent causing weakness in the japanese markets.
As soon as we lose the 0 Fibonacci level and retest it, it is my short trigger with a bounce on the pre breakout high. Due to the current money printing situation, this is also a possible scenario based on recent fundamentals.