The low for Coinbase (COIN) was set back in 12-May 2022 at $40.83. Today, 193 days later, COIN losses this support and a new low is hit. The volume profile spells doom for this stock. We can see strong bear volume and weak bull volume as this new low is being hit. Everything is about to speed up... We can expect bottom searching on the next drop. CHANGE COIN...
Here are the SPY Cycle Patterns for this week. Expect more sideways melt-up trending as we head into the Fed rate decision and key economic data. Traders will start to shift into early 2023 expectations this week (after the Fed). Check out my other posts. The markets are not expecting anything extraordinary right now - more of the same. The Fed rate decision...
#ES 60 Min Zones for this week. Support: 3912 & 3960 Resistance: 4018, 4058, & 4101 Trigger Zone: 3990~3995 I expect a melt-up to continue as expectations for 2023 settle into the EOY trends - likely attempting to break resistance at 4058 & 4101. Follow my research.
The Dow Jones has broken up from the two orange resistance lines but has now run right into the macro golden pocket and may hit the high from Aug. I believe these two macro points will yield at least some downside. If we break below the orange lines again I think it is very likely that we plummet over the coming months (feb. or march) below 28,000. By June or July...
ASML Holding - 30d expiry - We look to Buy a break of 591 (stop at 559) Daily signals are bullish. There is no clear indication that the upward move is coming to an end. Short term momentum is bullish. This stock has seen good sales growth. A break of the recent high at 588 should result in a further move higher. The bias is to break to the upside. The...
The Chinese e-commerce giant is in trouble but, if it manages to get out of it and recover, this could be the most profitable investment in the coming decade. Trade safe!
[bBACKGROUND In previous idea I showed that it is very significant if we are going to get recession or not. Link here: WHAT WE ARE LOOKING AT Here we look at what % decline did the SP500 experience BEFORE the start of a recession*. HOW TO USE IT We see that the average decline is -6%, HOWEVER we are currently already at -25%. This indicates that...
Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Look for a sell stop entry at 85.88, where the recent low is. Stop loss will be at 103.78, slightly above where the 23.6% Fibonacci line and recent high is. Take profit will be at 69.43, where the -27.2% Fibonacci...
On the H4 chart, the overall bias for DJI is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . Looking for a buy entry at 3907.07, where the 50% Fibonacci line is. Stop loss will be at 3806.91, where the 38.2% Fibonacci line is. Take profit will be at 4097.29, slightly below where the 78.6% Fibonacci line...
The current rollover in the market, featuring a clear double top with negative RSI divergence, is remarkably similar to the February 2020 & August-September 2008 rollovers. My opinion is that the current rollover will resolve with a large move to the downside in similar fashion to the aforementioned time periods.
The jury is out over whether a bear-market rally has topped, or last week’s decline is simply a pullback ahead of its next break higher. Yet the turn of momentum at a key resistance cluster suggests bears are regaining control. The S&P 500 had its most bearish week in 5 as its rally stalled at the 50-week MEA, trend resistance, a 161.8% Fibonacci ratio and the...
All of the three major indexes, SPX, DJI and NDX (Nasdaq 100), the NDX looks the worst. It seems that the technology sector will be the one that will suffer the most. There is no upward correction when you compare the NDX to the DJI and even the SPX. Here we see very little recovery in Oct. - Nov. This is very bad news. The stocks are going to suffer...
The calculations use the S&P Dow Jones Indicies. "The past doesn't repeat itself but it rhymes" WHAT IS THIS IDEA It plots all Bear Markets from 1900 to present day and separating them with those who have coincided with Recessions and those who are independent of recessions Analyse the current Bear compared to previous precedents to determine the...
NYSE:PLTR On support. What to say? Risky asset but definitely worth to have a small bag of it, Palantir will probably leverage itself with the use of AI way more, and what if they make an as powerful AI as ChatGPT is? I do not know.. let's grab a bag!
i have seen the major sectors, and major blue chip stocks, there charts, based on there current positions, and those particualr sectors and stocks's weightage, i have come up with nifty's shorting. NIFTY WILL FALL ABOUT 2.5-3%. since its been a little overvalued, it needs to get a correction. now recently it gave its ATH, and a pullback from it, there on, its...
Based on the 6 month RSI, Dow Jones is making the final rebound on a Lower Highs pattern that since the 1920s leads to a multi year rally to a peak that ends in a Bear Market. Remarkably all those rallies started on almost the same intervals: 1921, 1962, 1991 and now 2022. Two out of the previous three made the peak at the end of their respective decade. Key...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. For those who know me, I always keep an eye on DXY to feel the overall market (stock, crypto, forex) As per my last analysis (attached on the chart), DXY is approaching a strong support / demand zone in blue (102 - 103.5) And we can clearly see that the bears are getting...
Investing in the S&P 500 index is not always the best way to profit from an anticipated Federal Reserve pivot towards lower interest rates. While U.S. equities may rally when the Fed reduces the pace of its rate hikes, international equities are likely to be an even better performer for dollar-based investors. This is because the U.S. dollar's strength against...