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Darkcloudcover

SPX: Weekly Outlook and Targets.Hello traders and investors! As it is Friday, let’s do our usual Multi Time Frame Analysis (MTFA) and try to understand what’s going on with the market. Today the index is falling sharply, and it is losing its support around the red line. Also, it is triggering a bearish pivot , resuming the bear trend and making SPX seek further supports, which short sellers can use as targets. The targets can be seen on the daily chart: Since I don’t believe the yellow line will hold the price, the next targets for SPX are the red line, then the blue line. I explained the reasons why I believe in a sharper pullback on yesterday’s analysis, which is one of the most interesting analyses I ever did here on Tradingview , I really recommend the reading. Link below. Also, it is interesting to notice that the yellow line, if lost, will trigger another bearish pivot in the daily chart , along with the one seen in the hourly chart. These two pivots in different time frames reinforces the odds of a pullback. As long SPX trades under the 21 ema, it will remain in bear territory, and we don’t see any clear reversal sign. Now, let’s see the weekly chart: The index is falling more than 1% this week, and since this Dark Cloud Cover started the bearish movement, SPX could do a simple pullback to its 21 ema, which coincides with the previous resistance at 3232 (purple line). This pullback would be a natural movement and wouldn’t spoil the long-term bull trend. Also, the 3232 is an intermediary point between the next two supports seen in the daily chart, making it a reasonable target for SPX in the mid-term. Let’s see if it will be hit in the future! And if you found this analysis interesting, please, support it! And follow me to keep in touch with my daily analyses! Either way, stay safe, and happy Quadruple Witching!
SP:SPX
by Nathan_The_Finance_Hydra
7
SPX: In-depth analysis and possible scenarios.Hello traders and investors! It is Friday, and as usual, let’s do our Multi Time Frame Analysis (MTFA) on SPX, starting with the hourly chart! The momentum is still bearish for the index, but the support around the red line (3329) is holding the price pretty well. But SPX is doing descending top, meaning the buyers are not strong enough to keep the prices up. What could make me believe the bulls are gaining the upper hand again? When the 21 ema works as a support again, instead of resistance . It will be a great start. Now, let’s see the daily chart: When SPX lost this trendline , we could tell the bull trend was losing strength. The thing is that the recent movement on SPX could be a Dead Cat Bounce: A quick recovery to the 21 ema (which worked as a resistance) to resume the fall. This will be true if SPX loses it support in the hourly chart, which will trigger a pivot point with a target at the red line in the daily chart (3280). Unless we don’t see a clear reaction, this is the natural movement for SPX. Now, to finish our study, let’s see how the weekly candlestick closed today: The weekly chart is giving some top signs, although the trend is still bullish. The thing is that SPX did a Dark Cloud Cover candlestick pattern, which was triggered this week, and it closed under the yellow line, which is the previous top. Since SPX is losing strength on every time frame, the weekly chart suggests a pullback to the 21 ema, or to the purple line at 3232, which is near our target in the daily chart (3280). So, this seems to be an important price level for SPX. These are the targets and scenarios we can work with the index, and if you made it this far, please, support this idea if it helped you! And I invite you to follow me to keep in touch with my analyses. Every day, I’ll be here to update you about the market, and you may find something helpful around here. Either way, stay safe. Have a great weekend!
SP:SPX
by Nathan_The_Finance_Hydra
21
SPX: Bull or Bear trap? Let's see...Hello traders and investors! Let’s see how SPX is doing in this Multi Time Frame Analysis (MTFA)! This could be a bull or a bear trap, and here are the most important points to keep in mind. We see a Dark Cloud Cover candlestick pattern under the 21 ema in the hourly chart. This is a bearish sign, and today’s rally could be just a short rally to its resistance and start a further drop, especially if SPX loses this red line at 3349, which would trigger a pivot. Today, SPX filled the gap we talked about yesterday (green line at 3399), and it did a Bullish Engulfing at the black line, which is the pre-coronavirus All Time High (ATH). Now, let’s look for more clues at the daily chart: After SPX lost the purple trendline , the trend got weaker, and when this happens, it just look for more supports. In this case, the 21 ema is holding the price very well, but not before SPX retested its support at the first red line (3353). The movement was very technical, and we already discussed it yesterday, in my previous analysis (link below). Today’s candlestick left a huge shadow under its body, which is very interesting. But before we jump to any conclusions, let’s take a quick look at the weekly chart: Here’s the situation: If the hourly chart triggers a pivot by losing the red line at 3349, it would be a bull trap, and SPX can sink to the second red line seen in the daily chart (3280), or even this purple line, in the weekly chart (3232). The pivot point in the hourly chart is the same point of this week’s candlestick low. To sum up, if the 3349 will be lost, we may see a pullback in the weekly chart. On the other hand, in the daily chart we have a good shadow, and SPX is closing above the 21 ema. If it trades again above today’s candlestick high, it would trade again in bullish territory , above the purple trendline, and the sharper pullback will be ruined. I’m not saying it will go up, I’m not sure if it will have the strength. But we could see some erratic movement next. It would be another bear trap. These are the most important points to keep in mind, and if this idea helped you, please, support it! And follow me to keep in touch with my daily analyses! Maybe you’ll find something helpful around here. Stay safe, and have a great weekend.
SP:SPX
by Nathan_The_Finance_Hydra
11
TSLA: What's next?Hello traders and investors! As its Friday, let’s do our usual Multi Time Frame Analysis (MTFA) on Tesla! It did a phenomenal movement today, just when everybody thought it would finally drop! The situation is more complex than usual. The hourly chart is still bearish , and today’s movement could be just a pullback to the 21 ema, which is pointing downwards, and after it lost the purple trendline , we only see descending tops and bottoms. As long we don’t see ascending tops and bottoms, Tesla will continue to fall. This is quite bearish. Also, we have this blue line at $ 372.20, which we will talk about later. On the other hand, we have the daily chart: After Tesla triggered the Dark Cloud Cover candlestick pattern on Sep. 2, it just did what it was supposed to do: It looked for its supports. The first target was the 21 ema , and it held the price very well today! I see the purple line at $ 359 as a very important support, but since the pullback was very weak today, Tesla didn’t even hit it. Right now, the candlestick is a Hammer , which is a bullish pattern ( at least in theory ), especially now that it is close to a support level. The hourly chart is bearish, the daily chart is bullish. How about the weekly chart? See why I find this purple line important? It is a pivot point in the weekly chart. If Tesla loses it, the next target is the 21 ema, and it will be an indicator that the trend is finally losing it strength in the mid/long-term. Remember the blue line seen in the hourly chart? If TSLA loses it, could trigger a pivot that would lead it to the purple line seen on the daily/weekly chart. The fight will be very intense if Tesla hit this point! And if this purple line will be lost, Tesla will frustrate the bullish pivot seen in the weekly chart , and it could sink down the price a little bit more. Either way, the decisive movement can be spotted on the hourly chart first. Let’s keep our eyes open! And if this idea helped you, please, support it! And I invite you to follow me to keep in touch with my daily analyses. I’m sure you’ll find something helpful around here. Stay safe.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
19
TSLA: Should we start to worry?Hello trader and investors! So, Tesla is doing a pullback today! This is perfectly normal and acceptable and shouldn’t scare anyone here! But when should we start to worry? When a pullback isn’t acceptable anymore? Let’s see about it. Right now, this pullback is very weak, because it didn’t even hit the 21 ema. Also, Tesla has other supports, like the black line at $ 463.60, which is the previous top, supposed to work as a support for the price next. According to the polarity change , defeated resistances work as supports in the future. And we have the purple trendline, which supported the price a few times in the past. All this tell us that the highlighted area in the chart is a clear support zone. If the trend is strong as it seems, Tesla maybe won’t even enter this yellow area, but I think it is too soon to say this. Now, let’s see the daily chart: Again, there’s a Dark Cloud Cover candlestick pattern here! Which is not something we can rely, because Tesla is killing every bearish pattern that appears around. I would guide myself through the hourly chart and set targets in the daily chart. If Tesla loses its supports in the hourly chart, we may expect a pullback to the 21 ema in the daily chart. Just be aware of the $ 437.43 , because it is a target zone in the hourly chart! These are the most important points for Tesla, and if this idea helped, please, support it! And follow me to keep in touch with my daily analyses! There's nothing to worry on Tesla at the moment, and I see no reversal signs ahead, just possible pullbacks. And we all know what pullbacks are: Opportunities to buy.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
24
TSLA: Amazing? Yes! Surprising? Nope.Hello traders and investors! Let’s see how Tesla is doing today, after the split! Today’s candlestick is quite amazing, but not surprising. First, let’s see the hourly chart. As we discussed in my previous analysis (link below), Tesla just did a pullback to the 21 ema on Friday, and this wasn’t enough to change the trend. The trend is still bullish , and it has been so for the last few months. And today’s movement was very good because it cancelled the bearish pattern we saw in the daily chart: The previous candlestick could be a Dark Cloud Cover pattern if triggered, but it wasn’t. Also, we discussed that this pattern was formed only due to the pullback to the 21 ema in the hourly chart. Right now, the most important points for Tesla are: The $ 463.60, in the hourly chart, which was the previous resistance in the hourly chart, and will serve as support in the future, according to the polarity inversion, and the 21 ema, at any time frame. If you are in Tesla, there’s absolutely no reason to sell your positions. You could sell them if the price closes under $ 463.60, but since the trend is so bullish, pullbacks shouldn’t be scary. If you want to buy it, I’ll repeat: Pullbacks are opportunities to buy . Buy when TSLA is close to the 21 ema. And if you liked this analysis, please, support it! And I invite you to follow me for daily analyses! Recent public trades (links below): XP: +30% AAPL: +10% LB: +45% UKOIL: +62% Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate! BECOME A MEMBER! Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
16
TSLA: The split is here! Now what?Hello traders and investors! So, today is the famous split! But what are the consequences of it? Well, first and most important, splits don’t change a company’s fundamentals . It is the same old Tesla. Splits are just a strategy a company uses to increase the liquidity of its stocks and made it more accessible to the public. More than $ 2k on one stock is quite expensive, so, let's split it! Yes, more people will have access to it, but the speculation will increase as well . In fact, this is one of the reasons why Warren Buffett never did splits on the BRK.A stocks, which are now costing $ 320k! He wanted to keep speculators out of it. But in the end, there’s no big deal here. You may think that more people will buy it, rising the price of the stock - or you may say that since more people will buy it, the institutions will take opportunity to sell their stocks to the public, book their profits, and it will drop next. It doesn’t matter in the end, anything is possible. Let’s just stick to the technique, ok? Tesla is just doing a pullback to the 21 ema in the hourly chart. The trend is still bullish, and nothing changes. This pullback is the reason why the daily chart is so bearish: This is a Dark Cloud Cover, and if triggered, a sharper pullback might occur. But it could be just the hourly chart resting, so we need to wait for more confirmation. Again, I’ll say that the most important point right now is the purple line , which is the previous top / resistance. If Tesla closes under this point, then you may just book your profits. Now, the weekly chart: There’re no bearish signs around. Triggered what look like a Pennant chart pattern, and the weekly chart don’t tell too much. I would just rely on the daily chart now for an exit strategy. And if you liked this analysis, please, support it! And follow me for more daily analyses! Let’s see how Tesla will behave after the split! These are the scenarios for the stock right now, and I hope this idea helped you. Recent public trades (links below): XP: +30% AAPL: +10% LB: +45% UKOIL: +62% Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate! BECOME A MEMBER! Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
10
Critical Area for SPYToday's market action created a "Dark Cloud Cover" candlestick on the close. This is a bearish reversal formation. For confirmation, we would like to see continued bearish movement tomorrow. The close today was right at the rising trendline, perhaps even just below & the market began pulling back near a previous gap down level (dotted pink line). It's important to also note the bearish divergences with the RSI & Accumulation/Distribution indicators as well. Tomorrow may be a big day in deciding which way this market breaks. If the market continues higher, a move above the gap level of $290.23 will negate the bearish outlook & return to a bullish stance. Be prepared to protect profits on any open positions you may have as none of us knows how far the market can drop on any "pullback" in this current market.
AMEX:SPYShort
by Chartimistic
2
SPX going according to the plans.Everything is going as planned here, so I maintain my previous perspective. After the Dark Cloud Cover it will probably seek the previous top at 2,641.4 (orange line). When it reaches there, I expect two different scenarios: Scenario 1: SPX goes to the orange line (previous top region) and does a bullish pattern. Then it might have the strength to break the blue line and seek the green line, or even close the green gap (but I think this is too optimistic). Scenario 2: It goes straight down or starts doing lower tops and bottoms. Then I would think the bulls are losing strength and SPX could break down the pink line and seek at least the red line. Either way, it will not be as easy (or fast) as I would like it to be, and the market may ramble a little, so we must be patient and psychologically prepared.
TVC:SPX
by Nathan_The_Finance_Hydra
SPX. We have to be patient.In my first analysis we see that SPX is in a very important moment, when a Dark Cloud Cover appear in a previous bottom region (blue line). I see two scenarios where I could trade SPX. Scenario 1: It goes to the orange line (previous top region) and does a bullish pattern. Then it might have the strenght to break the blue line and seek the green line, or even close the green gap (but I think this is too optmistic). Scenario 2: It goes straight down or starts doing lower tops and bottoms. Then I would think the bulls are losing strenght and SPX could break down the pink line and seek at least the red line.
TVC:SPX
by Nathan_The_Finance_Hydra
NASDAQ’s blatantly obvious Dark Cloud CoverHave you seen it? It’s on the weekly chart, and all we need is the coming week to be down for a bearish reversal confirmation pattern to complete the DARK CLOUD COVER Technicals not yet supportive of a bearish trend YET, understandably as candlesticks are the first price indicator to give the heads up. Bearing in mind (pun not intended), that the recent rallies to historical highs are led by technology sector / NASDAQ, this is a leader to watch for the imminent danger. IF projections are correct, this one can move -15% from current levels to about 8000!!! So Heads Up!
CME_MINI:NQ1!Short
by Auguraltrader
Bitcoin Daily Update (day 172)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! 1 day: $6,100 retest | 1 week: $5,750 breakdown | 1 month prediction: < $5,000 by 9/5 | bottom prediction: $3,000 by 10/30 Previous analysis /position: “If not in a position then wait for the bear flag to confirm with a breakdown of ~$6,150” / Short ADA:BTC | BCH:BTC | ETH:USD | ETH:BTC Patterns: Bear flag & descending triangle Horizontal support and resistance: R: $6,600 | S: $6,250 | $6,000 | $5,750 BTCUSDSHORTS: Trying to turn 30,100 resistance into support Funding Rates: Shorts pay longs 0.0704% 12 & 26 EMA’s (calculate % difference): 12 = -2.58% | 26 = -6.11% 50 & 128 MA’s: 50 = -8.70% | 128 = -15.62% Volume: Low volume on pullback surprises me. Watching for local high before day’s end. FIB’s: 0.618 = $6,554 | 0.382 = $5,316 Candlestick analysis: Dark cloud cover Ichimoku Cloud: Fully bearish TD’ Sequential: G2 < G1 Visible Range: High volume nodes from $6,000 - $8,500 with a gap at $5,000 that still needs to be filled. POC over last 5 days = $6,400 > just broke down and is expected to turn into resistance. BTC’ Price Spreadsheet: 12h = -2.15% | 24h = -2% | 1w = -1.15% | 2w = -9.24% | 1m = -14.13% Bollinger Bands: Pull back just shy of the daily MA. Trendline: 5 day trend is a bear flag. Daily Trend: Bearish Fractals: Up = $6,619 | Down = $5,919 On Balance Volume: Pulling back w price ADX: -DI and +DI are converging, while ADX tries to build some momentum Chaikin Money Flow: Appears to be turning back down after finding support at -0.1680 RSI (30 setting): Resistance at 45 on daily, back below 50 on weekly. Stoch: Testing 33 which has been an area of resistance/support. Expected it to find resistance and fall back below 0 Summary: Was watching closely for resistance below $6,800 and/or the 12 EMA. On Daily-Update-day-170/]August 16th I said: “I have often gotten my best entries when the current candle re explores a bearish wick from the day before. That is exactly what we are seeing now. Generally I will set my stop slightly above the top of yesterday’s wick.” Seeing the top of the wick hold as resistance gives me confidence that we are posturing to make a big move to the downside. The dark cloud cover on the current candle is a strong indication that it will happen sooner rather than later. If not in a position then wait for breakdown of bear flag at $6,250. Stop loss could be $6,650 - $6,850.
COINBASE:BTCUSDShort
by Sawcruhteez