Get started

Dowtheory

PLUG: 3 exit strategies you can use now!Hello traders and investors! Let’s see how PLUG is doing today! The stock is performing amazingly well, and so far, we didn’t see any reversal or pullback signs around. And I got some strategies you can use here if you are anxious or afraid of a pullback. First, I would put a trailing stop on the previous day’s low, and if PLUG closes under it, I would just get out of it and wait to buy back after a pullback to the 21 ema. Or I would use the hourly chart to guide me: As long as we don’t see any bearish pattern around, we are fine. PLUG is in a strong bull trend, doing higher highs/higher lows, and you could wait for a bearish pivot to appear to sell your position. Or you could wait for it to lose the 21 ema in the hourly chart , if you are more anxious. But since PLUG is in a very strong bull trend, if it drops, I would only see an opportunity to buy more. Pullbacks are different from reversals, and just like Dow stated on the 6th tenet of the Dow Theory: The trend will persist until a clear reversal occurs. If this analysis helped, remember to follow me to keep in touch with my studies, and please, support this idea if you liked it! You’ll find more analyses on the links below. Thank you very much.
NASDAQ:PLUG
by Nathan_The_Finance_Hydra
5
SPX: New All Time High! So, what now?Hello traders and investors! Let’s see how the SPX is doing today! We have a new record high today, which is incredible. This bullish momentum was triggered when the index did this classic Piercing Line pattern near a support level (purple line), which we discussed about my last analysis (Jan 4, link below as usual). Yesterday’s drop was quite unusual, but in the end, was just a pullback to the 21 ema, rather than an actual sell-off. Now the key point is the 3783 , as if the index loses it, we may see a sharper pullback, but still, wouldn’t be anything too drastic, as the trend is incredibly strong here. Now, the daily chart: The volume is increasing, which is another good sign, and we are quite far from the 21 ema. Again, if the index loses the 3783 a pullback to the 21 ema/green line at 3726 would be natural. So far, there are no pullback or reversal signs yet, and if SPX keeps above its supports, the bull trend will persist, until a clear reversal occurs, like Charles Dow would say ( Dow Theory 6th tenet ). If you liked this analysis, remember to follow me to keep in touch with my daily studies. And support this idea if it helped you! Thank you very much.
SP:SPX
by Nathan_The_Finance_Hydra
3
NIO: Two important Pivot Points for NIO!Hello traders and investors! Let’s see how NIO is doing right now! First, NIO is still engaged in a bull trend, but it seems it is retesting the 21 ema. Any bullish reaction near this support level would be welcome, and NIO has a new pivot point , at the $ 45.57 (black line). If NIO triggers this pivot point, it could easily hit the $ 48.65 (pink line) again, which is another pivot point seen in the daily chart: The pink line is the pivot point here, and NIO must defeat it in order to resume the bull trend in the daily chart as well. NIO is trading above the 21 ema, which is a good sign, but the volume must increase. Volume is a trend’s fuel, and if NIO needs more volume to defeat the pink line. The movement is good so far, but the volume must confirm the trend (Dow Theory: 5th tenet). So far, we are doing well, but not perfect. Let’s watch NIO closely for more signs, and to keep in touch with my daily updates, remember to follow me! And please, support this idea if it helped you! Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
8
AAPL: A Key Point we all should be aware of!Hello traders and investors! Let’s talk about Apple today! The key point for Apple in the short-term is the $ 121.98, because it was a previous top , which was defeated today, but if AAPL loses it again, the market may see this as a false breakout, and it could retest again the 21 ema. I wouldn’t say that Apple is in a strong bull trend, as we are still quite close to the previous top, and if we look at the daily chart, it seems we have a congestion: As we can see, the 21 ema is flat, and since the momentum is bullish in the hourly chart, at least, it seems Apple will retest the blue line at $ 125.39. But again, the purple line is the most important support here, and it is a pivot point as well. This makes me believe that in the mid-term Apple could hit the All Time High , but it must not lose the purple line again. Another good indicator is that the volume seems to be increasing, and this fuels the trend. If Apple is going to trigger this pivot point for good, we must see some volume! In the weekly chart we have a Pennant chart pattern, which was triggered this week, and the volume of the movement that made the Pennant is decreasing. This is another indicator that the trend is probably going to continue in the mid/long-run, according to the 5th tenet of the Dow Theory : The volume must confirm the trend. If the volume is decreasing during a pullback, then it is not a real sell-off. So far we have no clear reversal signs, but it is important to keep the $ 121.98 for now. And if you liked this analysis, remember to support it! And follow me to keep in touch with my daily updates. Thank you very much.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
4
NIO: Pullback or Reversal?Hello traders and investors! Ok, NIO is dropping sharply today, let's see what's going on here. Today NIO lost the pink line that we discussed yesterday in my previous analysis, and if you missed it, the link to it is below . This is a sign that the trend is getting weaker, and the next stop would be the $ 42.51. But this doesn’t mean the bull trend is over, and the daily chart can tell us better: Ok, NIO lost the pink line as we discussed, but remember that this is a long-term bull trend , and it’ll continue this way until we see a clear reversal pattern . So far, the movement seen in the hourly chart just triggered a pullback in the daily chart. The 21 ema is an important support for NIO right now, and although it can drop more looking at the hourly chart, if we see any bullish reaction here tomorrow, it would be a great sign. Also, look at the volume . Since its All Time High it has been decreasing, and it is under average. The volume is a powerful indicator of the reliability of a movement. According to the 5th tenet of Dow Theory , the volume must confirm the trend, and when we see a correction against the main trend with low volume, it is a sign that it is just a harmless pullback. All of this makes me believe that this is just a pullback, but we don’t know where it’ll stop dropping. The 21 ema in the daily chart and the $ 42.51 are good candidates for a bottom area, but as long we don’t see confirmation around, there’s nothing else to do. And if you want to keep in touch with my NIO updates, remember to follow me , and support this idea if you liked it, Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
14
PLTR: Opportunity ahead?Hello traders and investors! Let’s talk about PLTR today! This stock is very popular now, and it is going up sharply, but are any reasons to worry about it? Let’s see. In the hourly chart we have a false breakout of a bearish pivot (green line at $ 26.14). PLTR did a breakout and it quickly hit the next support level, which is the pink line at $ 24.25 (previous top), and now it is recovering very well. If PLTR closes above the green line and above the 21 ema, it’ll be a good sign. But PLTR must not lose the pink line, as this could be a bull trap ! But let’s say it is a bull trap, and PLTR is going to fall, where would be the next support level? Maybe the daily chart will have our answers: It is interesting, because the green and the pink lines are Friday’s low and today’s low respectively. The trend is clearly bullish , and there are no reversal signs ahead. Again, let’s keep in mind the 6th Tenet of Dow Theory : “Trends Persist Until a Clear Reversal Occurs”. If PLTR loses the supports mentioned above, a pullback to the 21 ema is something we can expect, but again, this is not a reversal sign, just a pullback. Pullbacks are healthy movements that all stocks do, and they usually give us opportunities to buy/buy back/buy more. Meaning, if PLTR drops to the $ 20 again, I see no reason to worry. Also, the volume increased a lot during this bullish movement, which is good, as the volume confirms the trend. In the short-term, I would monitor the support levels mentioned in this analysis, but I wouldn’t be too worried about it. And if you like this analysis, then please, support it ! And follow me to keep in touch with my daily updates. Thank you very much.
P
by Nathan_The_Finance_Hydra
12
NIO: Complete Multiple Time Frame Analysis!Hello traders and investors! Let’s do a complete Multiple Time Frame Analysis (MTFA) on NIO today, looking at 3 different time frames. First, NIO is trading under the resistance at the green line $ 49.36, and above the 21 ema, this means that NIO is inside a Trap Zone . It could breakout to any direction, but since the trend is bullish, the odds favor the bulls here. If it loses the 21 ema, then a retest of the red line around $ 42.51 is the most likely scenario. Now, some of you are concerned about a pullback here, so let’s see the daily chart now: Ok, NIO is doing what seems to be a time correction , meaning that is moving sideways, waiting for the 21 ema to reach the price, instead of dropping to the 21 ema. This shows a lot of resilience, and we have no reason to worry. The volume is decreasing during this correction, which is natural. As we discussed in my Tesla analysis, according to the 5th tenet of the Dow Theory , the volume must confirm the trend. A correction with low volume is a harmless and acceptable movement, according to the technical analysis. In fact, this movement is quite similar to what Tesla did a few months ago. Maybe we'll have the same behaviour here. Either way, the 21 ema is here to hold the price if it drops more and would be a perfect buy opportunity. Now, the weekly chart: The trend is very bullish, and very strong here. Again, pullbacks would just offer opportunities to buy, but so far, we have no pullback sign here. Maybe if NIO loses the previous week’s low, we would see a decent pullback, but this is just a theory. Now is time to manage positions here, and keep in mind the points mentioned in this analysis. And if this idea helped you, please, support it ! And follow me to keep updated about my ideas on NIO, TSLA and other stocks. Thank you very much. Have a great weekend.
NYSE:NIO
by Nathan_The_Finance_Hydra
13
TSLA: A complete Multiple Time Frame Analysis!Hello traders and investors! Today is Friday, so let’s do a complete Multi Time Frame Analysis (MTFA) by looking at the hourly, daily and weekly charts (short, mid and long-term). Starting with the hourly chart, the $ 493 is a pivot point for Tesla, and if it loses it, we may see some pullback ahead. Therefore, I said to you that this is a point to book profits. Always buy near supports and sell near resistances . If you missed my previous analysis, the link to it is below, as usual. A pullback to the 21 ema would be acceptable, or even the $ 461.88 (purple line), but we can’t possibly know if Tesla is going to reach there. I think the daily chart is looking more interesting: Ok, if Tesla loses yesterday’s low, the $ 487.57, it’ll reinforce the idea of a pullback, and the target would be the purple line, but if the momentum is strong enough, I doubt Tesla would hit there. We also have a Breakaway Gap and the volume is increasing. I find it very hard for Tesla to drop again to the support level around $ 406, because it would mean that Tesla would fill a Breakaway Gap, which is something it never did in the past . After most of the congestions, we have an upside movement triggered by a Breakaway Gap, with good volume. This is how Tesla behaves. Now, let’s see the weekly chart: Yes, Tesla is breaking out from a Pennant chart pattern , which is something to keep in mind. The trend is historically bullish, and the congestion we saw in the past months was just a pennant in the weekly chart. Notice the low volume of this pennant, which is a very technical movement, according to the Dow Theory , 5th tenet: The Volume Must Confirm the Trend. If the correction has low volume, then it is just a harmless correction, not a reversal sign. Speaking of reversal signs, there is none around. We would have a pullback sign if Tesla loses the $ 493 or yesterday’s low, but nothing that compromises the bull trend. This is what the chart tells me, and if you liked this analysis, please, support it ! And follow me to keep in touch with my daily updates. Thank you very much. Have a great weekend!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
TSLA: Low volume/low volatility... What to expect next?Hello traders and investors! Let’s see how Tesla is doing today. It’s been some time since my last analysis, so, let me give you guys some updates. And the link to my previous analysis is below, as usual. First, Tesla is trapped inside what I like to call a Trap Zone , trading above the support at $ 406, but under the resistance at the 21 ema, and the price could breakout to any direction from here. The support at $ 406 is strong, but Tesla is coming from a clear short-term bear trend. We had a Bullish Engulfing candlestick pattern on Friday, which was a good entry point, but the 21 ema is stronger than we expected. If Tesla loses the Engulfing’s low, there will be no clear support levels until it hits the $ 379 again. Let’s see the daily chart for more clues: Tesla is inside a congestion , and here you can see clearly why I said that if it loses the blue line, the next stop would be the $ 379 (previous bottom). T he volatility decreased a lot, and the volume is extremely low as well . In this circumstance, it is normal for a stock to do small candlesticks. The 21 ema is flat, meaning we have no clear trend, and the yellow area down there is a possible buy zone , which we can see better in the weekly chart: By looking at this chart, Tesla doesn’t look so bad, right? The long-term trend is clearly bullish, and it seems it is just retesting again the 21 ema in the weekly chart. The yellow area is a triple support level , made by the purple and pink lines, along with the 21 ema. The low volume is acceptable during pullbacks in a bull trend, according to the Dow Theory , and this doesn’t change the fact that the trend is still bullish. But Tesla must do a reaction with good volume to resume the bullish momentum, otherwise, it’ll just keep trading erratically for some time. If you liked this idea, please, support it ! And remember to follow me to keep in touch with my daily analyses! Have a great day.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
NIO: Overwhelming bull trend! How to proceed?Hello traders and investors! Let’s look at how NIO is doing today! It is in a very strong bull trend, and we have two important points now: First, the support at the black line (39.74), which is a quite strong price level, as NIO retested it twice, and it didn’t close under this line at any moment. Second, we have a resistance at the $ 45.28, the previous All Time High , which seems NIO is trying to defeat right now. The 21 ema is flat, so we must wait for more confirmation, and NIO must keep above this green line for some time, because the market could see it as a false breakout , and NIO would retest the black line again. Also, the green line is a Pivot Point , that can be seen in the daily chart: Therefore, it is very important for NIO to keep above it, but the signs are all good here. Yes, a pullback would bring some opportunities, but it is quite hard to see one during such strong momentum. It seems NIO is at the second phase of its trend, the Public Participation phase, according to the Dow Theory. I never recommend shorting a stock like this, and I like to buy when it is near supports, as the R/R is better. So, now it is time just to manage positions, and look at the points mentioned in this analysis carefully. If you liked this idea, please, support it ! And follow me to keep in touch with my daily analyses. Stay safe.
NYSE:NIO
by Nathan_The_Finance_Hydra
18
S&P 500 - Waiting for Directions + Political AnalysisBefore we begin with this analysis... This time it is suited for people who are playing the long game... All ideas that are expressed are of my opinion and interpretation of the political situation. So... While the world waited anxiously to see who will become president - so did equity markets. On the technical side: A Triangle pattern has emerged on a daily chart in the S&P 500 index. This is considered a continuation pattern - meaning that if we go by classical analysis, we should be looking for a breakthrough to the upside. Our target would be the length of AB (just below 4000). We do have a bearish MACD divergence playing out On the political side: Joe Biden is a moderate democrat and this is good for the economy. Implementing a strategy to handle Covid-19 will insure the smooth function of the economy even without a vaccine (widespread testing + mask wearing). Since markets are forward looking this is probably taken into account. Despite talks of the "scary" Green New Deal, such a widespread plan could provide new jobs for people in the old and dated energy sector. (Lets not forget the the SPE has been declining for a couple of years now). Under a moderate administration the employment aspect of this will likely be reviewed heavily. To keep the people happy and voting for you you have to insure their financial safety. No sporadic tweets about tariffs means the certainty increases - Positive for markets. Even if taxes are increased, it will be marginal and only on the filthy rich. Fiscal stimulus to the MAX. On the downside: Markets might be more regulated As long as the Republicans keep control over the Senate, a Democratic administration will have a hard time passing legislation. Right now it looks like this will be the situation, but we will know for sure only in January since we have a runoff in Georgia. This increases uncertainty in the short term horizon. To sum up: I retain a positive outlook in the medium/long term since the new administration will be focused on responding to the Coronavirus and supporting the economy. However, if inflation pics up the story changes completely. Real Vision have covered this extensively - you should check them out on YouTube. If we break lower than point B without taking out point A, The market will officially enter a downtrend on a weekly basis. This is not good. The 2008 crisis started out like this (from a Dow Theory point of view) Feel free to share your opinion and happy trading!
TVC:SPXLong
by nadavhurwitz
AAPL: Next targets and Key Points!Hello traders and investors! Let’s see how Apple is doing today! It is resisting in a support zone (green line), which was a previous top, and now it is working as a support according to the Polarity Change . Also, it filled a Gap (blue area), and it may work as a support level as well. Any good reaction near this green line would be a very good sign . On the other hand, if AAPL doesn’t react, then it’ll just resume the bearish momentum to the next support level, the black line around $ 112.85. Now let’s see the daily chart: The green line at $ 117.85 is the most important point right now, because it was a previous top, and it worked as a pivot point yesterday, and this led the stock to fill the gap and to the 21 ema again. If AAPL trades above this green line again, the market will see this movement as a false breakout from a previous pivot point, and the bull trend will resume. The next target would be the All Time High again, especially if it triggers the Pivot Point at $ 125.39 (blue line). Also, the volume is quite low these days, as evidenced by the red arrow, and this confirms our theory that this movement is just a pullback. According to Dow Theory’s 5th Tenet: The Volume Must Confirm the Trend . A pullback with low volume indicates that it is indeed a pullback, a quick movement against the trend that usually gives great opportunities. If you liked this idea, please, support it! And follow me to keep in touch with my daily analyses. Have a great day.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
14
TSLA: For how long will this sell-off last?Hello traders and investors! Let’s see how Tesla is doing today! Let’s start our study looking at the hourly chart, as usual. Yep, the $ 461 did hold the price, as it was expected, because it is a clear resistance level, and now the bullish momentum is starting to get weaker, as we already discussed yesterday. If you missed my previous analysis, the link to it is below. But this doesn’t mean the trend is going to reverse, at least not yet . This only indicates that TSLA is just going to seek lower supports, and as long as we see this sell-off on the global markets, it’ll be quite hard for Tesla to continue going up, as it follows the movements on NDX. Right now, TSLA is between the previous resistance , along with the 21 ema (which is flat now) and the next support at $ 439. It also left a gap (yellow area), which maybe is a Breakaway Gap. Let’s see the daily chart now: If the gap seen in the hourly chart is indeed a Breakaway Gap, probably Tesla will hit the 21 ema again, and the support at $ 439 may won’t be able to hold the price. On the bright side the momentum is still bullish, and there is no reversal sign on Tesla. We can expect some pullback, as the volume is still pretty low, and if the trend is going to continue, we need more volume. Remember Dow Theory 5th tenet: The Volume Must Confirm the Trend. If you liked this analysis, please, support it! And follow me to keep in touch with my daily updates on Tesla and other stocks! I wish you all a great day!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
10
BUY INTEL (INTC) on any dip towards the $48 support areaBy looking at the daily chart, we can see the strong bullish rally that took the price from the March 23rd lows of around $44 to the June highs at $64, for an outstanding 45% increase in just couple of months. However, the stock didn’t stay there for long as a combination of a high profit taking interest and some further selling pressure took the price down again at the end of July to the $47-48 strong horizontal support zone. Since then, we have seen a volatile and choppy sideways price action between $48-52 levels. The stock is currently sitting at the $54 mark after an attempt to make an upward break out of the above-mentioned range. However, we see multiple different and also strong resistances that are currently threatening the current bullish move. We can find the 100 DMA lying at the $54 mark and the strong horizontal resistance at $56. Today’s price action on the daily chart shows a bearish rejection candlestick, which in turn confirms the strength of the above-mentioned resistances and indicates that there might be further selling pressure ahead. This up move was anticipated as the stock built a meaningful support base around the $48 mark throughout the last couple months. However, we believe that the stock market in the US currently holds a lot of intrinsic risks - COVID-19, the upcoming presidential elections, the economic recovery etc. - which would probably mean that we could be in for a continued sideways and choppy price action in the coming months. At any rate, we our analysis shows that the uneven capital allocation across the different market sectors will continue to support the tech sector as well as the stocks in it. The large institutional investors will start looking for places to reinvest the tremendous profits that they have generated from the likes of ZOOM, TESLA, NETFLIX, Shopify etc. throughout the last 3-6 months, which will lead them to stocks like INTC! We are bullish on the INTC’s stock and believe that any profit-taking corrections would give us a great opportunity to buy the stock at a good discount. This, in turn would give us a chance to maximize our profits to the upside, once the stock resumes its uptrend movement. Furthermore, some of the technical indicators that we are monitoring closely (50 DMA, 100 DMA, Bollinger Bands, RSI etc.) are currently showing exhaustion of the recent up move and are signaling that a potential return-move to the $48-52 range might occur very soon. This will be the right time to jump on the bullish Intel train, that will take you up to the $60 mark in the coming weeks and months. Our long-term target levels are $61 and $66 respectively. Sincerely, DowExperts
NASDAQ:INTCLong
by DowExperts
6
EURUSD: What a gorgeous distribution structureSummary: a. EURUSD is entering distribution phase b. Go short when the price already break and retest the support area at 1.1755 c. Aggressive setup wait for price confirmation at the purple rectangle area 1.1790-1.1830 What's up traders? Here I provide a EURUSD analysis based on my knowledge about Dow Theory. Charles Henry Dow is one of the most influencing technical analysis at current era. He believed that "History repeat itself" (of course I do believe it too!) and as we can see that the flatten and bending price formation is a pretty obvious sign of the distribution phase and will likely start the panic selling phase that will push the price lower until it meet the support area that I believe is strong at 1.1365 area. That means we have plenty of space to act and this plan can be used for intraday or swing traders. The link to related ideas provided below, check it out! "you'll only miss 100% shots you never take" - Wayne Gretzky Disclaimer: All of the information that provided is based on sources that we believe to be reliable, but they have no guarantees. Therefore, every effort is made to ensure that the content is accurate and complete. I have a very strict money management calculation and usually I trade with (max.) 5% risk per pair to ensure sustainability and equity endurance to make money in the futures market for a long-term period. Any profits or losses that occurred based on this analysis is your own responsibilities as a trader or an investor.
Short
by UnknownUnicorn11271960
TSLA: Exit strategies for Tesla [updated]!Hello traders and investors! How are you today? Let’s study the most recent movements on Tesla. As I’ve been telling you guys, there’s absolutely no reason to worry here . The trend is bullish and there’s still nothing indicating that it will change. It is curious to notice that our studies on the volume was right, and Tesla was accumulating during the past few days. A sideways movement with low volume is a characteristic of an accumulation, according to Dow Theory 5th Tenet: “The Volume Must Confirm the Trend”. Now, Tesla did a breakout from this previous ATH with volume increasing suddenly , so, the momentum continues strong as ever. As long Tesla continues doing ascending tops and bottoms in the hourly chart, the trend will continue very bullish in the daily chart as well. Speaking of daily chart: The daily chart is still very bullish, and the volume was quite high today as well. Now, exit strategies: If I were in Tesla right now, I would just set my exit point under the purple line , which is the previous resistance/top. If Tesla closes under it, just book your profits. It also almost coincides with our trailing stop technique at the previous candlestick low, meaning you can book you profits tomorrow, if Tesla loses the $ 2,142.50. So, the region at $ 2,127 - $ 2,142.50 is very important for Tesla, and we already discussed about it yesterday. Now we must see if Tesla will keep the price above this level. If it loses again this line and closes under it, then we will see a sharper pullback. But again, these are just “ifs”, and so far, there’s nothing confirming a pullback. So, no need to panic, ok? Everything here is going according to technical analysis. And of course, another good exit strategy is to wait for a bearish pivot in the hourly chart. No pivot? No need to book profits! But I believe the $ 2,127 is more important right now , as it was a previous ATH, and now should work as support. These are nice strategies to use, and I hope this analysis helped. In this case, support this idea, and follow me for more analyses! I do daily analyses, and I’m sure you’ll find something interesting around. 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
12
SPX: New ATH! Crazy? No, just bull trend.Hello traders and investors! Let’s what SPX is doing today! We are at the ATH again (what a surprise), and what can we do next? The hourly chart is in an insane bull trend, and there’s no sign that things are going to change. Pullbacks to the 21 ema are acceptable and normal, and if I were on SPX right now, I would only book my profits if I see a bearish pivot triggered here. As long there’re no descending tops and bottoms, the trend will continue, and pullbacks are just opportunity to buy. But, if you ask me, I would prefer to buy at a pullback in the daily chart: Especially with this gap there. Would be an exhaustion gap or runaway gap? We will have our answer tomorrow, but right now, the question is in the air. If this is an exhaustion gap , we will see some correction ahead, which would be good. SPX could drop to the purple trendline, or even to the black line, which is the pre-coronavirus ATH, and the trend would still be bullish. Of course, it is all a big “if”, and since we don’t see any bearish sign around, let’s just stick to Dow Theory 6th tenet : “ Trends Persist Until a Clear Reversal Occurs ”. No clear reversal? Bull trend. If this idea helped you, please, support it! And I invite you to follow me for more analyses like this one. I'm here every day, to share a few thoughts with 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. *
SP:SPX
by Nathan_The_Finance_Hydra
12
TSLA: The difference between Pullback and Reversal.Hello traders and investors! Tesla did some very good and technical movements recently! Let’s see how it is behaving now, and how to proceed. The hourly chart is showing us that Tesla is passing through a pullback , and it is now trading around the 21 ema, which is a natural support for the price, at least in the short-term. If you are aiming for the long run, there’s no reason to sell in panic your stocks, as pullbacks are expected and healthy movements. In fact, pullbacks are opportunities to buy, or to buy more/again. It is different from a reversal sign, as the volume is decreasing during the correction. This is one of the main characteristics that differentiate a pullback from a reversal. According to Dow Theory 5th tenet, " The Volume Must Confirm the Trend ", and when we see a movement against the major trend, which has low volume, most likely it is just a pullback, because the volume isn't confirming the trend. But the high volatility may bring some erratic movements in the short-term, but nothing that changes the bull trend. We would need much more signs to see a reversal on Tesla. Right now, we just filled the Exhaustion gap in the hourly chart, and as it is usual, every time Tesla does an Exhaustion gap, it gets filled in a few days, and we see some sideways movement next. Let’s see if this pattern will repeat again! Now, let’s see the daily chart: If you are following my exit strategies for Tesla, you would’ve booked at least half of your profits yesterday, because yesterday’s candlestick closed under the previous candlestick low. This is trailing stop, and an intelligent way to manage your positions. Also, see how the volume always decreases during the accumulations, and rises after the explosion. Right now, an accumulation would be good and expected. In fact, Tesla could hit the purple trendline and the trend would still be very bullish for the stock. But since the trend is too strong, we can’t rely too much on this scenario. I believe that Tesla could hit the 21 ema, or even the redline (previous top) before the next explosion (of course, if the next explosion will happen). My recommendation here is to not panic, ok? There’s nothing indicating a reversal, and some volatility is expected now. A pullback would just be opportunity to buy Tesla, not to sell your stocks to someone who’s waiting to buy at the pullback. And if you liked this idea, please, support it! And I invite you to follow me to keep in touch with my 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
10
AMZN: What's next?Hello traders and investors! As a request from @katgold, we will study AMZN today! And surprisingly, the situation is quite simple. We have a clear resistance at the ATH, which is the black line. But we have an upwards trendline supporting the price as well, which makes something like an Ascending Triangle chart pattern. Normally, Ascending Triangles are bullish patterns, especially in a bullish trend. Also, the volume decreased a bit in the last days, which is an indicator of a simple correction. And now the stock is going up, the volume is confirming the trend, accordingly to the Dow Theory 5th tenet. If I had to do something here, I would buy, especially if it gets closer to the purple trendline. If I were already in a trade, the stop-loss would be in the hourly chart: Since we are close to the ATH, I prefer to set a trailing stop in the previous supports/resistances zones, like this red line around 3244. If it closes under it, just book your profits. Of course, you may get out of the trade if AMZN loses its trendline in the daily chart, but I think that would requires some guts. The only thing that bugs me on AMZN is that the weekly chart is too stretched, and you can’t complain if you see a pullback to its 21 ema: But again, the trend is bullish, so, any pullback is just opportunity to buy. I see no clear targets for Amazon, but I would keep my eye open if it hits the ATH again. And I would just follow the strategy I mentioned above to keep myself in the trade if the trend continues. Nobody knows where Amazon will stop! This is my view for Amazon, and if it helped you, remember to support this idea! And you are invited to follow me to keep in touch with my 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:AMZN
by Nathan_The_Finance_Hydra
5