Hello trading family: After long time of being on the sidelines i decided to start preparing my shopping list for the next possible relief rally. I don't want to call it a " bull run " like we had back in march 2020 since we have a much complicated macro economic and geopolitical scenarios. we have a sky rocket inflation and a very hawkish fed , we have the war...
One of the worst weeks since the rally stars in march, is finally over. the new reports about a possible second wave of covid 19 and the bearish outlook of the fed triggered a massive sell off. if we look at the chart, we can see a double top formation and a divergence in the RSI indicator. we will wait and see how the next week will open and play accordingly....
A few days ago I posted my bearish opinion about the s&p500. we already started to see then the bear power around 2950. in addition, more bad news are coming from spike in new covid 19 cases to consumers that are not felling confident enough to spend money just yet. consumer spending is one of the most important factors to go back on track. if I combine my...
In times of uncertainty, investors are looking for " safe heaven" investments such as gold / silver or even bitcoin. Lets focus on gold: in 2008 crisis the gold climbed to his all time record around 2000. this time it looks like the situation will get worse and the fed will have to lower down the interest rates to negative territories. focusing on the technical...
This stock holding on at strong support above 6$. The 240 min chart shows possible breakout of the triangle pattern. On the bull side : breakout can push GE to the target area ( in green ) as first target. On the bear side : massive sell off possible if support not holding. stay tuned!
Another nice stock to follow for the near future. it looks like we had a false breakout this morning. need to keep tracking for a solid break out to move higher. on the down side: a bearish close inside the range can put some sell pressure. ill keep monitoring this one as well
After a nice success with out last stock ( qgx ), it looks like UMH is about to break the bull flag pattern. I put that stock on my watch list for next week. stay tuned
One of the best months in decades came to an end. the combination of stimulus plans, country reopening and a few successful medical trials fueled the recent rally. I call it "The hope rally ": we hope that the fed will keep printing money to support the economy, we hope that we will go back to work in a few days and the virus situation will not gonna get out of...
FOR THOSE WHO THINK WE ENTER A NEW BULL MARKET, THINK TWICE. I MEAN , YES , IF WE LOOKING AT "THE BOOKS RULES" WE WENT UP MORE THAN 20 % FROM THE LAST LOW, SO THAT USUALLY IS A VERY STRONG SIGN OF A NEW BULL MARKET, BUT THIS TIME WE NEED TO TAKE IN CONCIDERATION ALL THE FUNDAMENTALS. THE COVID 19 STILL HERE AND NO ONE KNOWS WHAT WILL BE THE OVERALL IMPACT ON THE...
HELLO PEOPLE! LOOK AT THIS STOCK , LOOKS GOOD FOR A BULL RIDE. WE CAN SEE ON THE HOURLY CHART A BULLISH PATTERN ( BULL FLAG ) WE ALSO ABOVE A SIGNIFICANT SUPPORT LEVEL AROUND 88. BREAK OUT CAN LEAD TO A NICE MOVEMENT TOWARDS THE RES AREAS ( LOOK AT THE GREEN LINES ). MOVING AVERAGES LOOKS BULLISH.
This amazing company is one of the biggest winners during covid 19 crisis. with most of the country in quarantine, people found Netflix very useful. we can see on the weekly chart that NFLX is trading in a wide range between 253-396. going down to daily chart we can see that NFXL broke and closed above 396 level. tomorrow this level should become support and we...
The bears successfully holding 8200 key level. it looks like the bulls are about to lose the battle here. today I decided to attach the 240 min chart to show you the triple top around key resistance zone. momentum and RSI are looking good for bearish move. rumors about a possible extension of the country lockdown supporting our bearish scenario. only a strong...
HELLO! yesterday we closed below ma200 and below critical fibo levels all around 8220 area. we can also see the bearish shooting start pattern supporting our bearish scenario. this scenario is still on until market close above 8220 area. key support area located around 7860, breaking that level will put more pressure on the index and the bears will try to go all...
although we are enjoying the "mini rally" , we should be careful and fully aware that we still on bears territory. on the Nasdaq 100 attached we can see a crucial point that can be a confirmed abcd pattern. (see the fibo levels ) also we can see that the index is testing the 200 MA on daily CHARTS. closing below this point can be a significant sign that the bears...
LAST WEEK WAS ONE OF THE MOST VOLATILE WEEKS THIS YEAR. TRADERS WAS LOOKING FOR SOME FUNDAMENTALS TO SUPPORT THE RALLY, BUT DURING THE WEEKEND, USA AND CHINA AGREED ON A TRADE WAR CEASE FIRE, GIVING HOPES TO THE INVESTORS, SENDING THE MARKETS HIGHER AND PUTTING EXTREAME SELL PREASSURE ON ALL CRYPTO MARKET. THE WEEKLY CHART DOESNT LOOK GOOD FOR BTC. WE CAN SEE A...
AFTER A HEALTHY CORRECTION IN THE CRYPTO MARKET, THE BULLS TRYING TO TAKE OVER AGAIN. WE CAN SEE IN THE 4 HOUR CHART THAT THE LAST CORRECTION FOUND SUPPORT AT 280 LEVEL AND 61.8 FIBO LEVEL. THE BULLS WILL TRY TO RE TEST THE LAST RESISTANCE AREA AROUND 360. BREAKING 280 SUPPORT WILL TRIGGER A BIGGER CORRECTION TOWARDS 240-200. ON THE UPSIDE, BREAKING THE 360 LEVEL...
IT LOOKS LIKE THE BULLS ARE TAKING A BREAK AFTER A LONG RALLY ON THIS PAIR LTC/USD. CURRENTLY TRADE IN RANGE BETWEEN 130-145. AS LONG AS THE MARKET STAYS ABOVE 130, THE BULLS WILL TRY TO RE TEST THE RESISTANCE AROUND 145. BREKING THE 130 SUPPORT CAN PUT MORE PREASSURE ON THE PAIR AND 120 SHOULD BE NEXT STOP. ON THE UPSIDE, BREAKING THE 145 LEVEL CAN PUSH THE PAIR...
we can see the reverse head and shoulders pattern that about to break and send the pair for a nice run to the 0.18 mark as first target. now that all crypyo market is on a nice rally, a breakout here looks close than ever. keep following