Tesla -> Ready For The PumpHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock is about to once again retest a previous weekly support zone exactly at the HKEX:175 area.
You can also see that weekly market structure is bullish again so I am now just waiting for a deeper retest of the area before I then do expect a pump away from the support zone to retest the next resistance at $195.
On the daily timeframe you can see that Tesla stock already had a first initial rejection away from the zone, showing that there is definitely some buying pressure at the support area, so I am just waiting for a daily retest and then a rejection towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Stocks
SPY/QQQ Market Bias & Top Stock Watches - 4/12/2023 - BullishBias: SPY gapping over resistance into a void, boosted on positive CPI data. QQQ less bullish with some junk before the void. Will be patient to see if CPI numbers hold up market or if it was just a pop and drop.
Top Watches: Long - MU, PLTR, AFRM, INMD, RBLX. Short - AAL.
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TWITTER Bearish Bat SETUP 🦇Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
The recent logo change following Elon Musk 's acquisition of Twitter has definitely affected the price of both Twitter and Dogecoin. But the rumor, sell the news and so it seems Twitter is taking a dive after a log period of upward price action. The bearish harmonic bat pattern short setup is discussed in detail in the video. Note that the prices are NOT USD, since Twitter is now a privately owned company and was removed from the NYSE late last year.
Here's a more in-depth educational idea on bullish and bearish bat / harmonic bat pattern / cypher patterns :
In another related idea concerning the logo change from the blue Twitter bird to the DOGE meme pup:
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SPY/QQQ Market Bias & Top Stock Watches - 4/11/2023 - BullishBias: SPY slightly gapping into a void up to 412, should be bullish up to that point. QQQ not as bullish at the moment but a much better void over resistance at 321
Top Watches: Long - MARA, AMC, RIOT. Short - FRO, ADTN, SNOW.
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Trading updateHello everyone,
In this update i talk about how i missed the opportunity to long BTC but also talk about another opportunity in Doge and why i have been buying since nov last year. I know that people think Doge is worthless but imagine if Elon starts accepting payments in doge for blue check marks. That will prop up doge really hard. Overall the market looks optimistic and i think there is slight room to go more higher especially given the month of April. Usually it is the strongest month for stocks and it wouldnt surprise me to see it rally aggresively. So for now we practice patience and wait for price to tell us where it goes. I hope you enjoy the update and let me know in the comments your thouhgts
Cheers
SPY/QQQ Market Bias & Top Stock Watches - 4/10/2023 - Inside dayBias: SPY & QQQ has support at low from previous day bar, under that has room to move lower but looks like an inside day at the moment.
Top Watches: Long - PXD, EBS, MU. Short - TSLA, GM, XOM.
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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:
SPY/QQQ Market Bias & Top Stock Watches - 4/6/2023 - Bear GrindBias: SPY under 406 has room to 404. QQQ more bearish, gapping under yesterdays bar with room to about 305
Top Watches: Long - LW, GILD, XOM. Short - TSLA, AMZN, COST.
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SPY/QQQ Market Bias & Top Stock Watches - 4/5/2023 - Bear GrindBias: SPY has room to drop under 407 down to 402. QQQ are a bit less bearish with closer support near 315.
Top Watches: Long - PLTR, FDX, GOOGL. Short - SCHW, AMD, PTGX.
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SPY/QQQ Market Bias & Top Stock Watches - 4/4/2023 - Choppy BullBias: Getting into some resistance near 415 but still have room to move higher. QQQ has a pretty clear void higher
Top Watches: Long - AMZN, ROKU, MRO. Short - AMC, ZIM, NAPA.
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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.
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SPY/QQQ Market Bias & Top Stock Watches - 4/3/2023 - Choppy BullBias: A bit extended up, a pull back would not be a surprise but lots of buying pressure so could be a bit choppy.
Top Watches: Long - ISEE, APLS, MPC, EDR. Short - FRO, TRMD.
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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:
SPY/QQQ Market Bias & Top Stock Watches - 3/31/2023 - Bull GrindBias: Gap up over yesterday with room up to ~408. Support at 402.
Top Watches: Long - RUM, SJR, AI, CSCO, MSFT. Short - GNRC
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SPY/QQQ Market Bias & Top Stock Watches - 3/30/2023 - BullishBias: Gap up over resistance, not super extended, lots of room to run higher
Top Watches: Long - MSFT, NFLX, RIOT, AMZN, ROKU. Short - TRMD
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Market Bias & Top Stock Watches - 3/29/2023 - Bull GrinderBias: Big gap up into resistance so expect a pullback early on but ultimately expecting a bullish move higher
Top Watches: Long - CARR, C, ENVX, MU, INTC. Short - STEM
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Market Bias & Top Stock Watches - 3/28/2023 - Bear ChopBias: Quite a bit of resistance above but not a clear void below, may just chop. QQQ has less support holding it up.
Top Watches: Long - BABA, PARA, MKC. Short - AAPL. COIN, HD.
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Market Bias & Top Stock Watches - 3/27/2023 - BullishBias: Bullish, will be watching for a move up to 400 area. 402.5 could be tested and broke today as well.
Top Watches: Long - PINS, TSEM, KEY, MSFT, FB. Short - BLK.
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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:
Market Bias & Top Stock Watches - 3/24/2023 - BearishBias: Bearish but support at 390, room to drop under that area
Top Watches: Long - ATVI, INTC, FB. Short - AAL, BAC, C.
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Market Bias & Top Stock Watches - 3/23/2023 - Inside BearishBias: Choppy bearish inside day. Support at 392, resistance at 396.
Top Watches: Long - REGN, CPNG, ACN. Short - CHWY, MO SQ
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