Weekly Chart: Since ATH of $ 145 a barrel from 2008, we can draw a solid Down Trendline which penetrated for the first time on September 2021 (13 years). Note the 4 aesthetic points of resistance, whom adding more power to this significant trendline. This break of the trendline, by itself, tells us that something is changed - or at least, the trend might be...
Followed by the Rising Wedge Breakout, we can see very clearly that SP500 lost some momentum - all of this on the background of Fed's Rate Hikes Expectations. The Head and Shoulders pattern is clear and obvious - let's dig some more important details: 1.Volume Distribution: The volume distribution in a proper H&S Top should be concetrated on: The left...
WIX Performed well in the last 5 years, and shows a strong bullish move. Daily Chart - The Whole Picture (Line): Since March 2020, WIX Moved rapidly from Trading zone 1, to Trading Zone 2, by single print move: The Buyers took the price up into New Trading Zone which shows signs of weakness - clear picture of Supply expansion. When reached the new...
Weekly Chart: Very recognizable Major Trendline drawn frpm point 1 to point 2. and broke down on COVID19 declines: Besides the Major Up Trend, note that the price broke up the Down Trendline (the White one) of the Down Secondary Trend: Daily Chart: The Orange Trendline - Major UP Trendline The White Trendline - Secondary DOWN Trendline The Yellow...
Weekly Chart : After 2.5 Years of Solid and Technical Bullish trend NASDAQ:EXPI got into Consolidation in form of Rectangle Pattern. Note the free range between each Top and the Bottom which follow that top - Strong Momentum. Note the Clear defined Recatngle Boundaries. Note the attempts to Attack The Resistance level of the Rectangle, Compare to...
Weekly Chart : A very Clumsy Bullish Trend has started in 01/2016, and have been confirmed officially on the Penetration of the MDT (Major Down Trend) in 01/2019. Note the Retest of Both Major Down Trendline and Major Up Trendline which occured on 03/2020 (covid-19 Drop) - Looking Positive. Daily Chart : 31.3 Broke up with a gap and turn from...
Weekly Chart : The Macro Picture looks positive due to the Trading above the MUT (Major Up Trendline). Daily Chart : The Intermediate Trend (The Grey Trendline) Contains 2 Minor Downtrends, and the last one is getting squized between the lines. Looking for Penetration of the Current Minor Down Trendline and Continuation Towards $ 42.
Weekly Chart : 4 Years of Bullish Trend (Since 2016) Proved that The MUT (Major Up Trendline) is nothing but a Rock Solid Support. The last Covid-19 Crisis found Support on the MUT as well. 1: 2: As we zoom in the Weekly Pictures, we notice the Strong Bullish reaction on The MUT - Backed by Market optimism and bullish movments in the Major Indicies. ...
Weekly Chart : AMEX:CVM Finished the Major Down Trend on April 2019, and from then is in a solid Secondary Up Trend. Note 13.50 Historical level, which serve us as a good support to form a trade. Daily Chart : Minor Down Trend about to end (Yellow): Line Chart : The Trade Plan : Wait for a Clear Bullish Minor sign - 1....
Monthly Chart : The price broke down the MUT (Major Upper Trendline) what lasted for 10 YEARS : Moreover, The Price found Resistance on that MUT, and on the old Resistance Area between 186-192. Note the Weekly Chat : When you move into Daily Resolution , we can see clearly how the Buyers Failed to hold the Price above the MUT , and therefore,...
The Green Trendline (MUT) Represent the Major Bullish Trend On the Daily Chart we can notice the Descanding Triangle which caused a Secondary down move The Potential move for this pattern is to reach the area between 5900-6100. im looking for a failure of the Sellers in that area, which will give us an signal to accumilate BTC before the next rally. In...
Weekly Chart : The time will tell, but meanwhile the chart tells us that the odds pointing to huge Reversal Pattern. Multiple Head and Shoulders contains several shoulders, in our case 3 from each side. Note the huge volume spike in the Head. Note the inner Neckline and the Outer Neckline. Short trades will be taken when the price will break down the...
Weekly Chart : The XME is in a Down Trend for almost 2 years. Two important Technical keys: 1. The Down Trendline 2. The Support are of 24.25-25.43 Daily Chart : The price getting squeezed between the trendline and the support area - The Probable Scenarios : Scenario #1 is more probable, im looking for a break of the support area, in...
Historical Analysis and Monthly Chart : The DIA showing Strong Major Bull Trednd with serveral interaction with the Return Line (RL). Note the Pick in Momentum since February 2016 (or B3), the next Major bottom made above the Major Trend Line (MUT), and therfore showing the failure of the Bears to take the price downward. But, we dont see strong sign...
Monthly chart, and Historical Analysis: Since the Double Bottom Formation of 2009, which gave a signal of the ending of the Bear Market and the begining of a Bull Market, The QQQ is in High momentum Major Bullish Trend . Compared to the SPY Performance (check out my SPY Historical Analysis - ), The QQQ moved with higher strength and reached the Return...
Note the Rectangle Pattern on the daily Timeframe : The price heading toward the Supply line (Resistance) for the 3rd attempt. Note the Volume Pick on the Demand line Reaction (Support), note also the 2 Bottoms that formed before the last Rally, The price is still above the MUT (Major Trend Line), and the overall picture is positive. In a case of...
Monthly Chart, and historical analysis : Since 2009, and usually in long bull markets, the volume is decreasing gradually. There was a one long touch one the Return line (the upper green line) that last for one year (Dec 13 - Dec 14). In 2015, there was a lot of attempts to break the Resistance level of 212 who finally penetrated in July 2016. This Up-Brake...