x45lu

x45lu

Hello Traders, SPY future just confirmed inverse head and shoulders neckline resistance as a support. As long as SPY can close above $4200 in the next trading day, the next target will be the extension of price difference of "head", which will be $4300!

x45lu

Hello traders, Looking at the daily chart for ABX, it is at the really critical level. RSI is oversold for the first time in the daily chart this year, and there is confluent layer of trading volume in this trading range: resistance (Feb 25th, 2020) support (June 5th, 2020) Also, XAUUSD is at 200MA in daily chart as well. We can expect relief rally if...

x45lu

Hello traders, Looking at hourly chart for air canada, we are starting to see, multiple bullish divergences, which indicate bullish reversal. We are starting to see head and shoulders pattern starting to emerge, and bulls need to break 16.15 convincingly for breakout. In case of bullish breakout, the next target is 16.80. Happy trading!

x45lu

Hello traders, Looking at the hourly chart for shop, we are starting to see hourly reversal as indicated by RSI and MACD bullish divergence. I am expecting shop to test hourly 50MA in next few trading sessions. Bitcoin is starting to move upward and most likely tech sector will follow as DXY goes down. Happy trading!

x45lu Updated 

Hello Traders, Looking at 4 hour chart for SPX, we saw significant bounce back today and it is currently testing top of the orange descending trend line. $3400 is a very important level for SPX as it acted as resistance before covid pandemic and mid August. Additionally, 50 hourly moving average is also sitting around $3400, which means that bears are most...

x45lu

Hello traders, Looking at the daily chart, Bitcoin is hovering around psychological $10,000 range which coincide with 100 day moving average. However, I still don't see significant bounce back from $10,000 and most likely Bitcoin will test $9000 (200 days moving average) in coming days, which overlaps with 38.2% fib level. Happy Trading,

x45lu Updated 

Hello Traders, In my previous analysis, I mentioned good short set up when SPX hit 3500, and as expected we saw significant downside movement today. Looking at 4 hour chart, SPX could not find physiological $3500 support and that triggered numerous stop losses today. Right now SPX is at $3450 which put it at very awkward spot for both bulls and bears. For...

x45lu

Hello Traders, Looking at the monthly chart, SPX is testing 8 year long orange trendline once again. There is a very high probability that bears will start shorting SPX. Both RSI and MACD indicate bearish divergence. To me this last few days of trading seems to be liquidating shorts and people who entered the shorts at 3400 are trying to cover their shares....

x45lu Updated 

Hello Traders, I am back for another AC technical analysis. Looking at the 4 hour chart, we can see that AC has been in down-trend since June 20th high, as the price has been rejected multiple times at 4-hourly 20MA. However, few bullish signals have emerged: 1) Bullish divergence in price and MACD 2) $15.90 has been tested multiple times and bears are...

x45lu Updated 

Hello Traders, Weed is forming classic bull-flag setup ready to fill in $25 gap. Hourly 100MA is around $24.80, which may act as resistance. Weed is fundamentally very strong company with quick ratio over 5 and this stock will be a good long term hold.

x45lu

Hello Traders, Bombardier finally broke .57 resistance, and looking for the weekly reversal. It is currently testing .56-.57 as a potential support. The volume is decently high for the breakout. In case .56 does not hold, .53 retest may be necessary. Daily 100MA most likely acts as an overhead resistance, but plenty of profit can be made in this trading...

x45lu Updated 

Hello traders, Marijuana stocks are gaining significant traction in past few days, as weekly pullback is taking place. The volume has been above average since last few days which means investors are starting to accumulate. HEXO might be able to go around $1.60 before the earning. Long term target is around $3.

x45lu

DXY is ready to break downward trend line. RSI and MACD show bullish divergence. Short term target: 98-98.25 Wait till higher low for entry.

x45lu Updated 

Hello traders, Looking at the weekly chart for SPX, we are starting to see some macro-bearish sentiment: 1) Orange trend line overhead resistance 2) Historically, we are constantly seeing 78.6% Fibonacci level rejection (end of 2018 and beginning of 2018) Unless there are series of bullish news, bears are most likely placing short orders in red box region...

x45lu Updated 

Hello traders, AC stocks looking bullish mid-short term: 1) Morning star reverse bullish pattern 2) Daily MA50 is starting to curve upwards 3) MACD is gaining bullish momentum As long as AC closes above $16 next few days, my target will be: 1) $16.80 2) $18.00 3) $19.30 4) $22~$22.2 Stop loss: $15.5

x45lu Updated 

Hello traders, After head and shoulders breakout on Nov 21st, Bitcoin is currently testing neckline, which is around $7500. I am currently sitting with USDT patiently waiting for clear direction. If Bitcoin confirms $7500 as resistance, we will see further bleed and attempt to find support at $6000. In case of bullish breakout, we can expect relief rally up to...

x45lu Updated 

Hello traders, I started entering short positions after a parabolic breakout. I will be trading based on fib level. Entry: 263 Sats -> Exit: 287 Sats Entry: 243 Sats -> Exit: 263 Sats Entry: 224 Sats -> Long position

x45lu Updated 

Hello traders, Looking the 4 hour chart, Bitcoin is trying to go above 1 week long down trend. We had breakout earlier today, and try to confirm blue trendline as support. Bullish targets are indicated in red based on dynamic volume profile: 1) 8.18K 2) 8.35K 3) 8.55K If we go below blue trendline, it will most likely re-test 7.7K again. I still want to see...