From the 10th of June to July 21 we have been trading inside an ascending channel. On the hourly chart we can see price action inside of the channel and what we see here is an ascending wedge formation which will push the price action back into a downwards spiral. MACD is crossing the signal line on the hourly to the downside along with a heavy three day streak of...
We have been seeing crazy trading success lately!
SPY and the general etf and index market alone have been showing some struggle all day long. Today just market a huge double top on every time frame under the daily. This is crazy! This is confirmed by an ascending wedge pattern that looks beautiful on the hourly and 30-minute chart. If this isn't a double top,...
Researching Tesla's sales report, we come to a conclusion of around an 18% drop in sales from the previous quarter which is one of Tesla's first sales miss due to factory shutdown and production stops of model ys and more. Not only do we see this horrendous report. We also see a bearish rectangle formed on every time frame providing a bearish answer.
June 13 marked a historical point in the sense of the widest thing I have ever seen. After only trading spy for over a year now I have a price action mark dating back to march 23,2020. Spy hit an all time high back in February of 2020 which was roughly 337.16 and then immidiatly fell down 107.83 points bringing us to the 229.33 level. January 3, 2022 marked an all...
Hello,
The S&P 500 ETF-Spy has reached a lethal line of support and which on the daily and hourly chart conveys a double bottom. Along with this our Mac d is crossing our signal line hopeful breaking a reversal.
While doing analytical research on the ETF:SPY, we have come to the conclusion that we might have it a bottom. With a harsh economic atmosphere most traders are fearful while working with there trades. What you must understand is that you can make money in both directions. Over the past few days we have been forming a couple and handle. A high to a support back to...
A cup and handle is a technical analysis charting pattern, in which we come down and form support and bounce from that support back up to the beginning in which we then travel halfway down the cup. which is a 6-dollar difference trade sideways in consolidation/ retests and break out.
Since June of 2020, we have been forming an upwards channel and just recently on SPY, we formed a double top with confirmation ending the upward channel signaling a downward spiral.
I see a signal enter puts on the next week to two weeks for more conformation
Within regards to technical analysis, while taking a deep look into the Disneys chart we see an ascending triangle pattern formed and now we are waiting for a breakout. The base of the triangle pattern formed on January 24th. It has touched the top twice and the bottom 4 times. In the past in regards to moving averages, we see that when the 20 day and 50 day...
Pfizer has had exponential growth over the past few months with delta variant and most recent omicron variant. Through these ideas we have seen billions of vaccines purchased by other countries and the United States. U.S just administered 500 million doses along with that the FDA just gave the green light to oral antiviral pill. We see a double touch and fall...
As we look at major trend shifts, we see there has been a new support line at 35.41 pushing UBER into a positive up trend. August 20th, we saw a new support come in at roughly 37.68 and from there we were pushed into a consolidation period until September 15 in which we neared support and formed a reversal until October 8th where we reached a new peak at 48.67 and...
Support line is touched 7 times in 7 days and did not break once. Earnings Suprise of 51%. Trading day before earnings were released, we saw a rise and then we hit the weekend. October 4th opened 38.25 and sold off to the 30.90 zone but last candle of the day was a doji formed a support. The 5th rolled around, and we had a green candle that ate the last 3 red...
