MarketPax

MarketPax Updated  Jan 27

Entry at D (~$405) with a target at C ($304) based on the Gartley pattern. If it breaks SL at $420, wait for the price to reach the 1.618 Fib level at $532. Set the stop loss at $550, with target B at $378, following the Crab pattern. Disclaimer: This is not financial advice. Always conduct your own research and consult a financial advisor before making...

MarketPax Updated  Jan 15

Bitcoin's journey seems to be drawing a parallel with its 2021 course. Initially, aspirations were set high with a target of reaching 83K, yet current trends suggest we might have already reached our zenith. The horizon forecasts a descent toward the Fair Value Gap (FVG), pinpointed at approximately $50k. This represents a noteworthy 30% dip from recent highs,...

MarketPax Jan 15

The HSI broke above the 200 MA and pulled back toward the 50 MA, which is acting as strong support—similar to what we saw in 2017. The relationship with China's 10-year bond yield is remarkable. In 2017, when the CN10Y reached its bottom, the HSI touched the 50 MA, and a bull run followed. The same pattern seems to be unfolding now Disclaimer: This is not...

MarketPax Jan 6

Potential Move: NASDAQ:LCID is showing a potential move toward the $3.81 to $4.20 range, aligning with Fibonacci levels 2 and 2.272. Supply Zone: This zone corresponds to a supply zone, identified as the end of the first wave in the Elliott Wave theory. RSI Overbought Zone: As the RSI reaches the overbought zone, a price pullback is anticipated. Imbalance...

MarketPax Jan 5

The weekly chart shows a clear falling wedge, a historically bullish reversal pattern. The price is approaching the apex of this wedge, testing strong resistance and support levels repeatedly. Past interactions with the trendlines resulted in rejections; however, this time, the setup appears different due to a few key factors: Higher High Formation: At ~$7.7, the...

MarketPax Jan 5

🔺 Key Levels and Setup Falling Wedge Break: HSI consistently pulls back after breaking the wedge. Demand Zone Strength: When the zone strengthens, it confirms the bottom. Red Cloud Breakout: A close above the red cloud signals a rally toward 26K. 🔍 Technical Confirmation 📈 Daily Chart: The TVC:HSI on the 1-day chart mirrors the previous cycle, where: 1️⃣ It...

MarketPax Jan 5

🚨 Why Record-Low Bond Yields Matter for Chinese Stocks 🚨 When bond yields hit record lows, it sends ripples across financial markets, and for Chinese stocks like NYSE:NIO , NYSE:BABA , and NASDAQ:JD , the implications are particularly impactful. Here's why: 1️⃣ Lower Borrowing Costs Low yields equate to reduced interest rates, making it cheaper for companies...

MarketPax Updated  Dec 18, 2024

Current Situation: Bitcoin has reached a major resistance zone at $42,000 with an RSI of 81, indicating an overbought condition. Profit-Taking Scenario: People who bought Bitcoin around 24k avg or 40k avg (making around 100% profit or taking the change out) might start selling, leading to a potential price drop. Possible Price Movements: If a red candle...

MarketPax Updated  Dec 3, 2024

Bloom Energy is approaching a strong resistance zone, with the RSI reaching an overbought level of 86. Historically, every time the price has reached the $26 level, we have seen a crash of up to 50%-54%. From my perspective: I have sold my long-term holdings and plan to buy back when the gap is filled around the $14 zone. I am shorting this stock to potentially...

MarketPax Updated  Nov 27, 2024

HSI currently looks bearish, likely heading toward the significant support at 18,300 HKD—a level from which we historically saw a strong rally up to 30,400 HKD, aligning with the triangle pattern target. Upon reaching 18,300, there’s about a 90% chance of a bounce. A bearish divergence also signals potential short-term downside pressure before a possible...

MarketPax Updated  Nov 22, 2024

Don't get carried away by the hype. 📉 We're currently in wave 5 of the Elliott Wave cycle, where the market sentiment is at its highest, and those who invested earlier have already secured gains of over 150% 💰. Ask yourself—will these investors hold or start taking profits? 🤔 Historically, when a stock is all over the news, it signals that we're nearing the top....

MarketPax Updated  Nov 8, 2024

Tesla is currently sitting at a crucial support level at $205. If the price closes below this level, we could see a retest of $180. A bounce could occur at either $205 or $180, both being strong support levels. Target: Take profit around $296, as indicated by strong resistance at this level. Key Levels: The red lines mark significant support and resistance...

MarketPax Updated  Oct 9, 2024

Hello, traders and investors. Before I dive into the analysis, please note that I am not a financial advisor, and this is not financial advice. FuelCell Energy is showing several bullish indicators across different time frames, suggesting a potential for a significant upward move. Here's a refined analysis: On the 4-hour (4H) chart, there's a noticeable shift in...

MarketPax Aug 9, 2024

RSI Indicator: Below 28, indicating an oversold condition Analysis: The current price level of $20 for Intel stock, combined with an RSI that has reached the oversold zone, presents a compelling buying opportunity. Historical data shows that when the RSI falls below 28 at this price point, it often triggers a sharp increase in the stock's value. Profit...

MarketPax Updated  Jul 5, 2024

As I predicted before, I had a 100% success rate. Let's consider a long position based on the current technical indicators. Trend Line: We have a yellow trend line where the price bounced in 2016 and 2022. We are now approaching this trend line again. Bat Pattern: The bat pattern indicates that point C, which is the 0.886 Fibonacci retracement, aligns exactly...

MarketPax Updated  Jun 20, 2024

Strong Support: ASXC presents a strong buying opportunity. Market Structure: The daily chart exhibits an inverse head and shoulders pattern. Key Support Level: There is robust support at $0.27. If we close below this level, there's a significant risk of a sharp decline toward $0.18. Major Resistance: A critical resistance line exists at $0.37. This level has...

MarketPax Updated  Jun 19, 2024

Monthly Chart Analysis: Since July 2020, NIO has successfully closed the Fair Value Gap (FVG) and reclaimed its position above the resistance line of a falling wedge. This breakout is crucial, indicating a potential reversal of the previous downtrend. Moreover, the monthly Relative Strength Index (RSI) falling wedge has been convincingly breached, accompanied by...

MarketPax Updated  Jun 19, 2024

Key Points: Trendline Break: We’re poised to shatter the current trendline, potentially pushing prices to $10.2 much sooner than anticipated. Technical Convergence: The falling wedge trendline and the 50 MA on the 12-hour chart meet at a pivotal price point. Critical Resistance: Watch for a decisive close above $6. This could trigger a swift ascent towards...