Im a little bit torn in the potential outcome of the market for the next few months. There are a few major considerations that I have when viewing differences in certain charts that almost contradict some of the ideas I may have for upcoming trades. One thing at the back of my mind has me thinking that the bottom of the market has not been seen just yet, and we...
MARA has been taking a huge hit recently. If you have been following my trades, you likely know that we have been waiting for this pullback to the $8 range as we have some strong support zones here. We're seeing some consolidation here in the form of a descending wedge. I can see a move upward as the RSI is also showing us some positive signs. Looking to move...
Now before you panic about what I am about to share, I want to say that I truly believe in Airbnb as a company. I personally own and operate Airbnbs and see the potential behind this company. However, I do not like what I am seeing on these charts at the moment. I would not be surprised if this stock corrects if this wedge formation is broken. We may first see...
This trade is related to the DXY fluctuating as the dollar has been dropping. SPY is approaching some heavy resistance, we may have a potential for a breakout. However it likely wont be long lasting...
This is purely a trade idea based on technical analysis, however I wanted to share how well these levels have been respected , especially at the golden pocket so far. Im interested to see how the market reacts at this zone, and wether or not it will drop below. Looking through the RSI we are approaching oversold territory on the daily time frame which gives me...
Just a thought if BTC moves bearish.. Getting some resistance from the range point of control may mean lower price targets are a possibility.
Clear potential falling wedge reversal pattern on several time frames. Would not be surprised to see the SPY reverse towards the price point at the beginning of the wedge. Momentum might even push the price back into the weekly zone local high to either confirm it as support or resistance moving forward.
Markets are being supported by some key levels, for now it seems like we have some juice to move if we can move above resistance. Target on SPY approx. 410 range.
As someone who believes we still have some downside, Ive been bullish since early January. However, I don't believe we are out of the woods just yet... My only concern, are we going to get some good news moving forward over the next month or so, possibly. I don't think I can underestimate the up side, but I also understand that smart money is still on the side.
I don't believe we've seen all the pain just yet, using a traditional Fib Retracement into the golden pocket is something that is still on the table.
Target from falling wedge, reclaim of the CC 6.18 range before moving higher, or potential of a double top. Market earnings may bring positive news and push the market higher... A move above 4600 may bring us into squeeze mode towards the previous all time highs.
Ive been watching this stock for quite a while, and waited for a good opportunity to hold shares from $7. Weve got a few levels above us that need to be confirmed and forming a bullish falling wedge reversal. Target approx HKEX:17 - HKEX:18 Only time will tell.
Ive had my eyes on BTC for quite a while, and the recent dump will give us an idea of where the trend is heading. After a dreadful and painful 95% dump, I think its time we see the largest bitcoin miner in the world start creeping back as we close in on the FED Pivot. The yellow lines are my golden pocket fib retracement, for this idea to be valid we will need...
Short target from the falling wedge has been reached. TQQQ has been on a steady downtrend it may be time for some relief up to the CC around $20-$21.
Risk assets have been getting absolutely clapped in the past few weeks. However Tesla has been moving down a bit too quickly, and might see some relief into the golden pocket. We have a few potential catalyst's coming up, earnings being one, but most importantly the interest rate hike decision which may help propel risk assets to get some relief. Last time...
The VIX indication of fear in the markets has been on a strong downtrend into upward support which has been respected for quite some time. Long VIX, Short Equities.
I think the idea behind this trade is quite simple. Newer traders may get overly bearish following the downwards trendline, thinking short. This blindside bias may lead to quite a bit of trapped shorts, which may be squeezed if the market continues to show strength into the downwards resistance. If you look closely, this is actually the first the the market has...
Bitcoin is notorious for fakeouts and moves quick moves between support and resistance. I have a bias based on the last time we printed this triangle pattern, ultimately moving higher before a correction or swing failure pattern.