After resistance from R1, it moved back to the vicinity of P, supported by clouds and linear regression, and a good long opportunity, the late band showed an advantage, and we can expect to continue to rise.
The Nasdaq did a double top pattern today, and a strong RSI divergence, and this made the index drop again to the 13,600, the base of the range it is in. Now, there’s a chance that it will break the 13,700 for good and hit the ATH: It must break the 13,695, as this is a pivot point + 20ma resistance. On the other hand, we have a possible bearish scenario in the...
NIO is flying today, and I’m very happy for those who are still in, but since I already book my profits from our last trade, I’ll just wait for the next pullback, which might happen soon. The RSI is extremely overbought, and we have an open gap between the 38 – 40. I don’t see any bearish pattern to convince me of a short, unlike Tesla, which has a clear short...
Yes, PLTR gave us a good trade, but right now it is dropping and we have no bullish pattern around. Yes, one may say that the 23.34 is a pivot point, and that we just hit a support level at the 20ma, but look at the 4h chart: We just hit a resistance at 24, and the RSI looks overbought to me. I would buy it again if it corrects to the 22 area, but it feels it...
Ok, AAPL dropped a lot last week, and we have no signs of the bulls around here. But the bears are quite weak too, as they couldn’t make AAPL hit the 122 again. Since last week I find the RSI weird, and now we have something that resembles another advanced breakout. AAPL did this pattern in the past, and it didn’t work, so, we gotta be careful here. I think the...
While the daily chart remains neutral, on lower timeframes the sentiment is Bearish. Here we can spot a couple of signals that give credence to this bias: - The formation and execution of a Running Triangle (white ABCDE Triangle Wave). - Bearish hidden divergence on the RSI and MACD (yellow lines). - The EMA 10 (baby blue) and MA 20 (yellow) crossing the MA 50...
The USDCAD has been behaving as per the expectations of the Wyckoff Cycle for quite a while now, which provides an insightful outlook on the likely behaviour of the price action in the near future. Following the completion of the last Markdown, the pair went on to start establishing the current Accumulation range. Its existence is confirmed by the ADX indicator,...
This is purely hypothetical. It appears a pattern has formed in terms of periods of heavy growth and periods of stalling growth. I was able to chart all 3 major indices in aggregate. This is another projection. A possible catalyst that could cause June to be a turbulent month, while still squeaking out about a 1% gain, would be the June 10th CPI report coming in...
MID-TERM: Breakout of falling wedge, flipped previous resistance into a support, classic bullish divergence. (not financial advice)
QQQ vs IWM? In some ways, it’s the big debate of 2021. Will traders stick with megacap growth stocks, or ride fast-moving small caps as the economy reopens? Or will they simply rotate between the two, guided by events and price action? Right now could be a time when a flip is taking effect again. This chart shows relative strength of the Russell 2000 Small Cap...
Hello, I'm bullish on ANKR but this bullish sentiment depends on Bitcoin movements. It needs to hold the support area. Also, MACD indicates a bull signal here. Please like and share the idea. Thanks.
GOOG Relative Volume: 1.05 Fib Extension 0.618: Swing price target 2533 Annual Performance: 68.43% Quarter Performance: 15.86% Monthly Performance: -0.75% Weekly Performance: 2.83% Trend Monthly: Uptrend Weekly: Uptrend Daily: Uptrend EMA: Bullish Slow Stochastics: Approaching Oversold RSI: Showing uptrend Put/Call Ratio: Slightly more towards Call Wait...
AMGN Relative Volume: 1.23 Fib Extension 0.618: Swing price target 251.75 Annual Performance: 4.86% Monthly Performance: 4.8% Trend Monthly: Uptrend Weekly: Side Daily: Uptrend EMA: Potentially bullish on breakout Slow Stochastics: Golden Crossover RSI: Overbought zone Put/Call Ratio: 0.292 Wait for breakout during final trading hour TF1D Break-out at...
Personally, we are gonna test in the next couple hours of day('s) the 30.000 mark
Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability). What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches...
Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability). What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches...
Stop Loss: $1.83 Entry: $1.93 Take profit: $2.15 These are my favorite patterns to trade. Have a Green Day!
At present, the price has been blocked near R1 and began to callback. But from the cloud belt, it seems that the rise is not over yet. You may step back on the red rectangle and continue to go up. At present, the price has effectively broken through the latest 4 h fractal.