On the chart of Ford, we can see a forming double bottom pattern on a daily timeframe. A double bottom pattern may suggest a bullish reversal. When the price reaches and breaks out of the neckline a long position can be taken. But first we have to be patience and wait for the price to reach and test the neckline. All further details are shown on the chart. Goodluck!
WMT is currently showing an ascending broadening wedge pattern on daily timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line is the resistance line and the lower line is the support line. As we can see in the chart that its moves increase with higher magnitudes. This pattern should be traded when the price breaks out...
Why did the stock rebound so quickly? Perhaps the crisis is coming and investors are looking for stocks with a high safety margin as an investment target. Also the company has plenty of cash to protect against risks, which is believed to be one of the reasons to attract investment attention. Subscribe and Share.
As TSLA's operating data did not perform as expected, we can note from the chart that the stock has accelerated its decline, with the price gradually moving away from areas 1 and 2, and the price has not stopped its downward momentum at the moment. The stock price has become weak and sluggish after the collapse of investor confidence. Subscribe and Share.
Looking at the H4 chart, my overall bias for TSLA is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 166.19, where the -27.2% Fibonacci expansion line is. Stop loss will be at 198.90, where the recent high is. Take profit will be at 91.44, where the -61.8% Fibonacci expansion line is. Any...
Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for Apple Inc (AAPL). The AAPL price chart is self-explanatory. Price looks concerning as it has been moving significantly higher over the past few years. I put a few trend lines and support lines that will be very important as the price retraces. Included in the chart is...
In the coming days the SPY could drag AMD down to it's previous Oct 2022 lows. Watching the $64 area closely for support. Also, watching the $67 area, as well as the 65.15 area for resistance. I will be going short once $64 is broken convincingly, I would like to see $63.50 broken before taking a position.
Google is on a Downtrend since the beginning of 2022. Now it's a good opportunity to jump on the trend at the level of 209 MA. There is a huge R/R of 1/4. the potential Targets could be 78.6% Fibonacci level and as second Target 100% Fibonacci level.
#OIL looks WEAK 2day We've limited positions, TINY Still huge head & shoulder pattern These trades are best for LONGER term frames Too much that can happen $MPC $PSX $XOM $CVX #MLP #CrudeOil
What we are looking at here is the CFD on Silver on the Daily TF. We are looking at a downward slopping trend line (top yellow line) that is acting as resistance. Towards the end of the downward slopping trendline you will see a purple box which incases a potential topping tail. If this is a true topping tail (we will know at the close), combined with the...
From post elsewhere $NDX hit a bit The yellow horizontal lines are showing inverse head & shoulder Bottom forming pattern Very likely within day or two we'll have this resolved IF it is a short term bottom for #NDX $QQQ #QQQ $TQQQ #TQQQ #stocks Post 2 - posted earlier #NDX volume pretty decent today & barely halfway through $VXN, $VIX for $QQQ, is looking stronger
2 From $DJI recent post While most media & people ARE RIGHT, they tagged along @ end, too much neg I'm contrarian, this much negativity raises flags, especially when media 24/7 Still think $VIX #VIX in between pattern gives opportunity for swings before the eventual breakout #stocks #crypto
We're NEUTRAL but with drop of cautious bull Messed up another other post :) Why cautious bull? We've been warning since late Oct 21, were RIGHT Went bull few times #stocks & #crypto but overall, BEAR Sept 22 noticed shift Mid Oct early Nov we went FULL BULL, till recently This was part of a few posts See $VIX next post
PRECISION WIRES - Rounding bottom formation entry - Only above 88 daily close
1 Uh oh... $DXY US #Dollar seems to be waking up from slumber Needed rest after that huge since Mid 2021 Bull run actually started 2008! Today 1st day it's touched 20EMA Green line LOOK @ THE RSI! #currencies #stocks #gold #commodities #BTC 2 $DXY up & so are others that tend to diverge #GOLD gapped a bit Has been struggling in this area Volume...
$TNX is closed atm but if the 2yr is an indication it may open higher We re-entered long yield after FED day in DEC. Sold puts on $TYO & bought common Didn't go heavy because Monthly chart is a tad tough. Weekly 2yr trading decently above avg's again So far so good. We were bullish on STOCKS but that was late Oct/Early Nov, then went bearish for a bit, & are...
What’s up traders! As we close out 2022 I wanted to continue my tradition for the second year with a letter to subscribers. In this letter I want to look back on my 2022 speculations to see what I got wrong, what I got right, and what fell down the middle. I will recap the themes of the year and present my outlook and speculation for 2023 to come. Thank you...
Here we go. Starting out 2023, my SPY cycle patterns show a solid RALLY phase sets up on Wednesday/Thursday. Time to get ready for a strong reflation trade to start 2023. Possibly breaking above resistance channels and rallying to NEW ALL-TIME HIGHS. Follow my research.