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Apple -> Short Term ReversalHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Apple stock is currently retesting a quite obvious previous weekly downtrend resistance line exactly at the $165 area. Also just recently Apple stock created a weekly inverted head and shoulders so I definitely do expect the market to reject this downtrendline to retest the neckline of the inverted head and shoulders at the $155 area and then from there create more continuation towards the upside. On the daily timeframe you can see that market structure is still massively bullish so I am now just waiting for Apple to show me some more bearish rejection at the current levels and then there is a high chance that we will see a short term rejection away from the downtrend resistance trendline. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:AAPLShort
by basictradingtv
27
How to work out additional levels when breaking to new highsThis is a bit trickier and there are certain techniques that you can use. I personally use Fibonacci extensions, point and figure and any potential patterns to offer potential upside targets. I realise I have been a bit cavalier with my point and figure upside target, as you can work this out exactly, but wanted to show the techniques I use rather than concentrate on the actual count itself. I took a look at the Apple price to give potential upside targets. The potential new targets are contingent on the old high around 183 breaking. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
NASDAQ:AAPL
by The_STA
3
Amazon -> Bullish Trend ReversalHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Amazon stock just recently retested and already rejected a quite strong previous weekly support zone at the $85 area which was turned strong support once again. You can also see that from a weekly perspective we do have the possibility to created a double bottom and start a new bullrun from here so I am now just waiting for a break above the neckline at $105, followed by a retest and then more continuation towards the upside. On the daily timeframe you can see that Amazon stock is already creating bullish market structure, however I am still waiting for a break above the $105 resistance and a retest before I definitely do expect more continaution towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:AMZNLong
by basictradingtv
42
Nvidia -> Squeezing The BearsHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that after Nvidia created and also confirmed the weekly inverted head and shoulders, which we created around the beginning of 2023, we had another rally of about 70% towards the upside. In my opinion Nvidia is definitely ready for a short term correction, you can also see that we are about to retest previous weekly resistance at the $280 area which is turned resistance again so from there I do expect at least a short term rejection towards the downside. On the daily timeframe you can see that market structure is still very bullish, there is no sign of a correction yet so I am now just waiting for a break below the previous daily support zone at $265 which is then turned resistance before I then do expect a short term correction towards the downside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:NVDAShort
by basictradingtv
47
The SPY Capitulation Bottom Will Surprise Global Traders.My research suggests the SPY is setting up a massive Capitulation bottom - and likely to move dramatically higher over the next 5+ years. It's too early to call this a confirmed bottom signal - but, it may be a great time to start looking for some "anchor trades" in the best stocks/sectors headed into 2024 and beyond. My research combines technical analysis, economic functions, cycles, and predictive analysis. While everyone seems to be calling for a massive price collapse, I continue to tell everyone "get ready for the RALLY". I could be wrong - time will tell. All I know is the technical/cycle and fundamental economic structure don't correlate with a massive price collapse now, or even in 2030~2035. What I see is a very big extended Wave-5 function that NO ONE is seeing. Follow my research. This is the greatest opportunity of your lifetime.
AMEX:SPYLong
by BradMatheny
2