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Bounce

TSLA: These are the KEY POINTS we must watch for now.Hello traders and investors! The movements on TSLA have been so technical and precise, and it is behaving according to our technique. Let’s update our thoughts. Remember, the link to yesterday's analysis is below this post, as usual. First, in the 1h chart, TSLA is still bullish, as we expected, as it is still doing higher highs/lows. Is there any bearish structure around that could indicate it will do a sharper pullback or even reverse the trend? No. In fact, TSLA is trying to break the previous top at $ 922, which is another good sign. To me, TSLA is inside a huge Ascending Triangle made by the black line at $ 943 and the purple line which connects the previous bottoms. This tells us that our next stop is the $ 943 again. What will it do from there? We don’t know, but we don’t have to know in order to trade well. Trading is reactive, not predictive. All we must know is that TSLA is still bullish, and pullbacks to the 21 ema and to the $ 896 are expected, and wouldn’t be a reason to panic at all. In the worst case-scenario, I see it retesting its purple line again, but I don’t see a technical reason to work with this scenario right now. In the daily chart, we see many support levels (the retracements), and this is another reason why it wouldn't be too easy for TSLA to drop from here. However, as we expected, the 21 ema is here to annoy us. Probably this week, we’ll have our answer if this is a Dead Cat Bounce or not. I’ll keep you guys updated every day on TSLA, so remember to follow me to not miss my daily analyses.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6
30% chance of ATH soon for BTCIn this theory, there seems to be 3 equally weighted scenarios that may play out in the short term. Regardless, I believe the long term is still a slow trend to the upwards side. However, this could become a more exponential growth if 1 of these scenarios plays out, which has a 30% chance of occurring. Continuation to ATH: 33% "Dead-cat bounce" with a head and shoulders forming in the $48K-55k range: 33% Immediate rejection around $48k-52k, then a drop down to the $30k range: 33% Yea..."it could go up down or sideways"... I get that, however this is my "more detailed" version of that here. A healthy movement on the RSI over the next week or two will be the best indicator here for the bullish scenario, and an over correction of the RSI will most likely signify the bearish scenarios.
by DoozerInvest
Analysis of HOOD for 7/8HOOD has been doing some interesting things lately, and unfortunately its starting to look weak but also prime for a bounce if market is bullish! Below I have charted out what I believe is the key levels it wants to move towards dependent on market conditions. If VPVR is given up I believe next stop is 13.30, which could bring another rally, orrrr just continue to sell off. Other scenarios in bullish market are a run and stop at 14.50, before then struggling and falling, completing the head and shoulders and most certainly bringing 13.30. Unless it can rally past 14.50, 15.20 and continue on its recovery. All around plenty of movement if the volume is there.
NASDAQ:HOOD
by AzureKasai
7
USDINR set up for a bounce?USDINR has met a perfect confluence of lower trendline support and horizontal support on the Daily, and has just seen a small bounce of this support as confirmation. Before the bounce we saw RSI drop to 26 on the Daily and even lower on the smaller timeframes. In our last idea we predicted an incoming bounce, with potential to drop to this horizontal support level before the bounce occurs. If we see further positive movement it creates a strong risk/reward opportunity, so setting a stop limit order a little ahead of the current price with a view to catching the early stage of a reversal after confirmation could set us up for a nice trade (NOT financial or trading advice).
ULong
by HayeTrading
8
$SBUX finding support after pre/post earnings selloff?$SBUX seems to have found a support in this range after a month long sell off leading to earnings and a nice dip after weak report Holding multiple days support on 1D with a bullish hammer going in to the week of 2/5/22 RSI 28.87 oversold on 1D MACD tight is tight - looking for continuation or cross to downside Confirmed break of $98.8 could easily see a move to $102-105 range Will be on watch to hold support and have continuation to the upside Wait for confirmations as downside is always possible with current market Looks like this one might be fun to trade for a bit! Enjoy and, as always, manage your risk!
NASDAQ:SBUXLong
by Senor_C
BTC: CAN WE EXPECT A BOUNCE HERE??? $34500 A GOOD SUPPORT.Hello folks and welcome to my Bitcoin update in a daily timeframe. BTC is still holding good support at $34500. The weekly close was at $36300 level which is a decent level but the new opening candle was in red. I believe that BTC should bounce and show some bullish momentum (even if it is just for a few days). I am expecting a rally back to $38k to $40k and then if it can't break out any further then back to the drop. All this can be possible if BTC won't break below the $34500 support level. Let's see what comes next. What do you think about the current price action? Are you expecting a bounce as well? Let me know your opinion in the comment box. Trade safe.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
BITCOIN'S LAST STAND! THERE IS THE MOMMENT OF TRUTH!Bitcoin had 2 massive head and shoulders patterns, with huge correction effects!, but the blue support zone deffended the price for more than 15 times! Will it hold for once more? If it hold we will have a huge bounce to the upside? If it breaks the SUPPORT the price Target is at 20k range!!... But never panic Sale! The bitcoin is here to stay longer than some people thinks! It's a REVOLUTION and now or later everyone will understand it! The late ones will regret it! CRYPTODROU Stay Strong
by CryptoDrou
ES Correction & Potential Bounce LevelsWe have been in a recent downtrend on $ES $SPX and a lot of traders are probably wondering where the bottom will be. A break back up toward 4553 and a hold above 4565 would signal that we have bottomed in the short term. That would not necessarily mean the bounce wouldn't fail to retest the lows but here are some potential bounce levels. Fibonacci levels near 4361, 4278 and lower support zone below October lows near 4170-4180. This would be considered an extreme target and unlikely to reach in the short term. However with recent political headlines and the market having a risk off nature, no one really knows where it will bottom. Thanks for following and watching. Feel free to comment and share. Stay tactical and stay safe.
CME_MINI:ES1!
by Freshly_Snipes
1