Stockstradamus_

Stockstradamus_ Updated 

NFLX has returned to a strong demand area on the 1h/4h charts. Price has created and completed a falling wedge into this demand area, in confluence with the fibonacci golden zone (50%-61.8%). This retracement comes after an uptrend break that began back on May 17th. Price either looking to make a double top by returning to the highs of the falling wedge or it...

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On the monthly and weekly charts, BABA is forming a large inverted head and shoulders pattern. It has broken a longterm down trend that began back in late January 2023. It is currently retesting the downtrend line as a support in confluence with a support level that has held price on 4 separate occasions since March 2022. It can be noted that price is also sitting...

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EURUSD has returned to a previous range between the prices of 1.10701 (High) and 1.09093 (Low). Currently price is holding the support area of this zone. You can also argue that there is a smaller consolidation forming on smaller timeframes (illustrated by small grey box). Trade Idea: Watch price at this level and on smaller timeframes to monitor if holds here...

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XAUUSD has broken and rejected the long term uptrend but it is still holding structure at 1928.56-1938.53. After getting a weekly and daily close below here, watch for a break and hold/retest on the smaller timeframes. Use the downtrend channel for staying in the trade and trading the trend. Wait for a pullback into structure and into the downtrend channel, enter...

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On the Weekly chart, Gold has been range bound since 2020 bouncing from the mid 1600s to the low 2000s. It is now back at the highs of this range it is accompanied by a bearish chart patten (ascending channel). On the daily, Gold began rejecting from this major supply/resistance zone on April 13th and 14th, in confluence with rejecting the resistance trend line...

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With the increasing hype around AI, NVDA has been on one hell of a run since the beginning of the year. Watching from the daily timeframe, NVDA is finally arriving at a major resistance/ weekly supply zone. It is currently consolidating into my favorite pattern! You guessed it, the wedge! Lol It is also completing wave 5 of the 1st major impulse wave in the...

Stockstradamus_ Updated 

Trade Rationale: BABA is looking great for a 2 to 4 week expiration Options Call swing play. It is currently holding a previous resistance turned support area between $100 and $103. In confluence with this level, BABA has also completed a fibonacci retracement back to the 50% level almost perfectly. It is also holding the 200 ema on the 4H and Daily timeframes...

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PYPL PRICE RECAP: On Feb 2nd, 2022 PYPL sold off to create a massive GAP ranging between $140.57 to $170.76. Ever since this GAP down, PYPL has been in a longterm down trend that has been consolidating into a larger falling wedge formation. PYPL has recently broken out of this longterm down trend / falling wedge. After the breakout, PYPL attempted to make a move...

Stockstradamus_ Updated 

With November coming to an end, DIS is currently ending the month off showing wick rejection on the monthly chart off of a key demand zone between $71.00 - $86.65, in confluence with the 200ma/200ema and 61.8% fib. From 2015 to 2020, Disney’s price has bounced from this area 5 times previously (including the initial breakout from this zone back in Jan/Feb 2015)....

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Daily Timeframe Analysis: USD is finally retesting $126.269, a support area created back in May 2022. Ever since hitting all time highs of $151.946, USDJPY has been consolidating downwards within this massive descending channel making its way back to this strong support area. On 1/13/23, USDJPY hit a low of $127.460, bouncing right above the top of the major...

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CRWD is currently retesting a key support area between ($90.94 - $102.08) for the second time since its last touch back on June, July, and August 2020. This touch /bounce of support is also in confluence with a 3rd touch of the support area within a massive falling wedge that began to form after CRWD reached all time highs November 2021. In addition to this...

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SPY/SPX has been holding an uptrend that began back in August 2011. This uptrend was the beginning of a very long bull market that has lasted for 10+ years now. After forming this uptrend, SPY/SPX broke out of range which previously created huge double tops in the market between the years 2000 and 2007. Since then, SPY/SPX has since tested this uptrend support...

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Alright people! Time for some get back on NVDA! I was stopped drastically on my last NVDA play due to swinging during the previous CPI pump. Although my analysis played out eventually, I didn’t re-enter trade because of poor psychology and fear (accountability lol). BUT we’re back again and the motto for 2023 is “SEE A TRADE, TAKE A TRADE!”. Of course ONLY if it...

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Brief Price Action Recap: On the week of June 14th, 2021, Solana began trading on the crypto exchange at the price of $40.50. By the week of November 1st, 2021, Solano hit an all time high of $260. Ever since that high, Solano has been on a down trend, trending inside a massive falling wedge on the higher timeframes. On the week of December 26th, 2022, Solana...

Stockstradamus_ Updated 

FDX Analysis: On Feb 16th Sep. 2022, FDX sold off massively to create a huge gap ranging from $164.36 to $201.93. Before beginning a move back to the upside to fill this gap, FDX first dropped to a major demand zone at $132.83 - $141.26 which was also in confluence with the monthly chart 200 MA/EMA. It then ranged between $147 - $160 from the beginning of October...

Stockstradamus_ Updated 

Analysis: NVDA is currently consolidated in this rising wedge (bearish pattern) at the overall downtrend resistance area (Key Area). As of December 9th, 2022, NVDA has rejected off of the 200MA on the daily chart forming a shooting star candle pattern (bearish signal). This is also in confluence with this daily candle rejecting the resistance area of this rising...

Stockstradamus_ Updated 

BABA has broken out of mini wedge and has begun to make its way up to the resistance zone between $86.55 and $87.84. We are currently 50% in profit on contracts (BABA $105 Call Exp Dec 16, 2022) entered on 9/23/22 and are making our way to first target ($90). I would take partial profits at resistance zone and look to add at the formation of the first higher low...

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Between 8/3/22 and 8/4/22, MSFT broke and held above it’s daily, weekly, and monthly pivot points after breaking out out of a falling wedge that bounced off of a major demand zone between the prices of $235.04 and $242.38 that was formed back on 5/12/21 - 6/3/21. Currently I am watching MSFT for a reject at the resistance zone between $151-$153 (Note that this...