Bias on the upside for GUKeep a look out on h1 etc for turn to go on long etc...pullback for long
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Charting
USD could likely continue down...In general i feel USD would be heading down as daily is bearish and on h4 just need to wait for turn.
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SQ is headed to the downsideCharting on the daily, I think SQ is in a nice set up for a put play. The downward trend that has been created has been touched twice. At each point of contact there was a follow through of selling pressure. The selling pressure has also caused weakness within the new support area . I am concern about the amount of time it make take for this plan to carryout.
Tesla Chart for the week beginning Feb.27/23This is going to be an emotional week for Tesla Stake Holders and expect some big announcements many of which have already been leaked into the market however I expect EM to pull a rabbit out of his hat to surprise on the day. Investor strength is not very strong right now, in fact pretty indecisive however with some hype I expect a potential pop up to $222 before the stock pulls all the way back down below $200 as April Financials are predetermined to be weak. It'll be in the best interest of institutional traders that plan on Shorting Tesla to let it run through Thursday before putting big pressure late Thursday and Friday am for the Pull back so that they can maximize their Short positions. I will watch closely for the top and sell before the weekend as well. Buy the Rumour and Sell the News.... The low to late April I suspect to be approx. $182
The Basic Of Charting #2 - Moving AveragesWelcome to the Basic Of Trading & Charting series on TradingView. I'm Ares, a crypto-head with plenty of experience in the market. I've made a lot of mistakes at the beginning of my trading career & with my videos, I want to help you avoid these failures. If you have any questions, feel free to leave a comment.
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The Basics Of Charting #1 - Secondary TrendsWelcome to the Basic Of Trading & Charting series on TradingView. I'm Ares, a crypto-head with plenty of experience in the market. I've made a lot of mistakes at the beginning of my trading career & with my videos, I want to help you avoid these failures. If you have any questions, feel free to leave a comment.
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Outlook through Friday jan 6 - 1 day - SPYThis is more about momentum than exact numbers over the next 2 days.
Tomorrow, the jobless claims and Job Cuts reports come out at 8:30am. Typically this doesn't matter but in the current economic situation we should be seeing some volatility early before market open. I am expecting a slightly positive report because they have been becoming more positive, although shy of targets. The market may pop for the first couple of hours before dying down. People will be selling off tomorrow for the incoming report on Friday.
Before the market opens on Friday the US Employment Situation report comes out. I think this could trigger a bigger sell off because I think the US employment situation is still strong. The FED doesn't have the unemployment where they want it signaling they will probably have to keep raising interest rates.
Feedback is appreciated! Not financial advice
Gcad more after ,wait pullback?So Gbpcad is breaking higher,more upside to come?
Cad has been suppppperrrr weak across majors.
But,do be mindful it has been very extended on its up run.
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AN potentially hold out here or going down further?AN showing some sign of stabilizing at current level..
open to more downside or will it push up further?
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usdjpy to push higher or break down lower?Wedge formation on h4?Let's see it will push higher or drop further.
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Euraud looking to short pullbacksrejected the key R zone,looking to short on this cross
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GOLD Key Levels! Analysis!
Hello,Traders!
GOLD has made a pullback
From the horizontal resistance level
Just as I predicted in my previous analysis
Now, the price is in the lymbo
Between the resistance at1810
And the nearest support level at1720
So we will be able to tell the
Potential direction of the next move
After the retest of the one of these levels
IF the current support breaks then
The next support level will be at 1620
So let's wait and see!
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AMD GOOD BUY SETUPEXPALINING MY BUY SETUP ON AMD
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I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses
Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind
Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at.
So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation
Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
Daily Candles on AMCDon't shoot the messenger. I am not a professional.
I think you are going to see a breakdown of AMC to about $6.15. The last three candles on the chart is a bearish formation, it recently broke its trendline and there is no buying volume. It is at a heavy resistance at around $9.70.
There is also the subject of parity with APE. Where the 2 prices meet in the middle and trade together. APE is very low right now and if there is a parity it would most likely be in the $6.50 range.
All opinions are welcome!
NASDAQ with a bearish head and shouldersNASDAQ currently suggests that we could be seeing strong selling and a continuation of the down-trend should be imminent from this week forward.
Looking over the statistics of 2022, whenever we had a correction, as we did for a few weeks now and finally ended in the red last Friday, the NASDAQ dropped for at least 2 weeks with strong momentum, if history is right we could see a strong bearish week this week.
EURUSD ready to trade below parityEURUSD is showing strong potential of trading below the breakeven parity level and I highly believe that by the end of August we could break the parity level and trade below it for the rest of 2022.
Looking at price action on this one I see 0 reasons for buying, in fact all we are forming is constant lower highs and lower lows... which suggests we are in tune for more bearish momentum if this process continues.
We just came out of a build up range followed by a bearish flag pattern... momentum is strong and I highly believe, based on what I see, that we'll be heading south bound for now.
Bitcoin's algo inverted (SHORT)I've been tracking the patterns and algorithms and it's been following it pretty religiously for a while, but I know that it sometimes just inverts itself to throw people off. I think that might be the case right now and if so, this is an estimate of what we can expect moving forward.