Lowest low in next bear market?There is a possibility that a next bear market will arrive. A future gap at the +- 24k level is not filled yet. In 95% of the time, future gaps are filled.
Gap
AMZN: Buying the dip? Watch these key points carefully!Hello traders and investors! Let’s see how AMZN is doing today!
In the 1h chart we see that it is trading near the support level of a Descending Channel. This is a good place for a bullish reversal, but so far, we don’t have a meaningful reaction.
The black line at $ 3,175.42 is the key point that could trigger a reversal, and the first target would be the 3,265.35. What’s more, it must break the 21 ema for good, which is another resistance for it.
Let’s see the daily chart for more clues:
In addition to the support in the 1h chart, the daily chart shows another important support level: The 38.2% Fibonacci’s Retracement. For now, AMZN is holding at this support area nicely, but it must break the $ 3,175 for some bullish confirmation.
AMZN is not one of my favorites right now, but it is looking interesting. Since it is near support levels, the Risk/Reward ratio becomes attractive again, and it is worth to trade it. The key point it must not lose in order to trigger a clear bullish sign is the 38.2% retracement in the daily chart.
Let’s keep our eyes open! I’ll keep you guys updated on this, as usual, so remember to follow me to not miss any of my future daily analyses!
SPX: Is it about to reverse the trend? Key points to watch!Hello traders and investors! Let’s see how the SPX is doing today!
First, in the 1h chart, we see that the 4,500 is a very strong resistance, as we thought. Yesterday, we closed exactly at 4,500, and today, we are trying to break it again.
The SPX is in a short-term bear trend, and there’s no bullish reversal sign on it yet. However, if it stays above the 4,500 today, we might see a bullish pivot triggered above the 21 ema, and that’s a good thing. This is what the SPX needs in order to reverse the trend, and in this scenario, the 4,593 would be the next resistance.
What’s more, the last gap was filled (blue square), giving us the idea that this was an Exhaustion Gap. This alone is not a bullish sign either, but it tells us that if the index is about to reverse, now would be a good time, as the sellers are losing strength. If it doesn’t react, probably the next support at 4,456 will be retested again.
Unlike in the 1h chart, we see a clear bull trend in the daily chart, as the index is doing higher highs/lows and the 38.2% Fibonacci’s Retracement is holding the price nicely. What’s more, the 21 ema is also working as a support, and we are above it today again.
Now that we are near this support area, the volume is increasing again, and it seems it wants to resume the mid-term bull trend.
This movement was extremely technical, and there’s nothing surprising going on here. To me, the index is bullish, but we must not lose the 38.2% retracement, as when this happens, it usually drops all the way down to the 61.8% retracement.
I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
AMD: This is the most important support level!Hello traders and investors! Let’s see how AMD is doing today!
First, in the 1h chart, it is very bearish, and we don’t see any bullish sign on it yet. We are doing lower highs/lows, and we are trading under the 21 ema.
The most important resistance in the short-term is the $ 106 area, as it was the previous support level, and it is where the 21 ema is trading right now. If AMD wants to turn bullish again, this is the first resistance to break.
In the daily chart we don’t see any bullish candlestick/chart pattern as well, however, it is close to the support level at $ 99, which is a quite important one. If we look at the weekly chart, we can see it better.
The $ 99 area was a top level in January 2021, and it worked as a support level multiple times since then. It won’t be easy for AMD to lose this level.
The volume is increasing, which is interesting, and any bullish reaction could be an excuse to buy, as the R/R ratio makes a lot of sense. If it triggers a bullish sign, the gap at $ 118 (1h and D charts) would be our next target.
Let’s pay attention to this support level! I’ll keep you guys updated on this, so, remember to follow me to not miss any of my future analyses!
SPX: Correcting sharply! Is it a buy now?Hello traders and investors! Let’s see how the index is doing today!
First, in the 1h chart, the index lost the support level we warned about yesterday, the 4,540, and it is doing the sharper correction we mentioned. So far, everything is doing according to the technique, however, we don’t see a clear buy sign yet.
What’s more, the index lost the support at 4,500 doing a gap, which might be an Exhaustion Gap if the index goes up and fills it by Friday.
In the daily chart, we hit our first support level at the 21 ema, and we almost hit the first Fibonacci’s Retracement at 38.2%. Depending on how the index reacts near this support level, it might be a buy again, however, we don’t see any buy sign for now.
Now that we are near our support level in the daily chart, it is the best time for a reaction, so we must patiently wait for it. Either way, I’ll keep you guys updated on it every day, so remember to follow me to keep in touch with my analyses!
AMD: Is it a buy right now? Let's see what the charts say.Hello traders and investors! Let’s see how AMD is looking today!
First, in the 1h chart, it is doing a good bullish reaction. It seems we have a Rounded-Bottom after a massive sell-off, and this indicates that the bears are starting to get exhausted, and it is trading at discounted levels.
To me, AMD could hit the $ 124 again, however, I’ll set a target at $ 118.60 (the gap area, as evidenced by the yellow square), if it breaks the $ 110.57, and trades above it for a while, consolidating a reversal.
Trading above the $ 110 would be interesting because the market may see the last bullish leg just as a retest of the 21 ema to drop more again, aka Dead Cat Bounce.
What’s more, by breaking the $ 110 it has decent chances of breaking the 21 ema as well.
In the daily chart, we see that AMD is dancing around the 61.8% Fibonacci’s Retracement, and if it closes above it in the next few days, I’ll see it as a sign of strength. The 61.8% retracement is at $ 110 as well, reinforcing our thesis that this is the most important price level to break.
We can see the Gap in the daily chart too, and this is why I think it is a relevant target to work with.
I’ll keep you guys updated on AMD, so remember to follow me to keep in touch with my daily analyses!
STAA - Likely bottomed outA downtrend that had reverted to forming a base in the past 2.5 months with "neckline" at 85.50 +/-.
There was a strong gap of abt 10% on 28 March on huge volume which hit right into the horizontal resistence around 85.50 and experiencing some pullback since.
As this is likely a "breakaway gap" (a strong gap that occurs at the begining of a trend reversal), the odds are in favour of a trend continuation in the direction of this gap. (ie up).
One could attempt to go Long at the break of the small pennant that has formed (around 82), however with near term resistence nearby at 85.50, it could be agonising days ahead while it attempts to break above this "neckline". Hence an alternative more "conservative" approach is to wait for the stock to have a close (preferably not too far) above the neckline before staking (ie wait for confirmation of "strength").
Either type of entries has it's merits (and risks). Hence appropriate stop loss (ie money management) is necessary to cut our losses should trade not work out.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
SPX: Is it a good buy now? Trend analysis.Hello traders and investors! Despite the drop, the index is doing exactly as the technique said it would, and we talked about this yesterday (link to my last analysis below). Is this a good buy now that it is dropping? Let's see what the technique has to say.
In the 1h chart, it lost the 21 ema, and it quickly filled our gap (blue square), making it an Exhaustion Gap and it is seeking the next target at 4,500. The trend is not bullish in the short-term anymore, and it still has more room to correct. We lack bullish structures that could turn it bullish again, and we have nothing but bearish signs over here.
Let’s see the daily chart:
In the mid-term the trend is still bullish. The bearish sentiment in the short-term is creating a pullback in the daily chart, which is not ruining the main trend. All the bearish signals it gave us in the 1h chart just created the first pullback since Mar 15, and to me, the index needed this correction. It went up too much, too fast.
It would be acceptable to see the index back to its 21 ema, and the trend would still be bullish. In fact, any bullish reaction at this support level would be an opportunity to buy.
For now, I see no opportunities to buy, but we could see one soon. For now, let’s wait for it to get back to the 21 ema, then we’ll see how to proceed. Either way, I do daily analysis on the index, so just remember to follow me to keep in touch with my future analyses!
SPX: Our support is holding the price! But, for how long?Hello traders and investors! Let’s see how the SPX is doing today!
First, in the 1h chart, we see a correction to the 21 ema, and the price is trying to react, as we expected (link to yesterday's analysis is below this post). This is good, and this correction doesn’t invalidate the bull trend, as the index is still doing higher highs/lows.
There isn’t any bearish structure around, but if the index loses the support at the 21 ema, the gap (blue area) could be our next stop. In the worst-case scenario, it would drop all the way down to the 4,500 (pink line), and this would ruin the bullish bias in the 1h chart, but not in the daily chart:
In the daily chart, the rally was intense, and now we are above the 4,595 (red line), indicating that the index is still looking strong. The fact that it couldn’t close under this line is another sign of strength.
If the SPX loses this red line, along with the 21 ema in the 1h chart, filling the blue gap we mentioned, then we might consider a sharper pullback. If this happens, I see the index back to the 21 ema in the daily chart again (now at 4,463 and rising).
For now, we don’t see a single bearish reversal pattern around, but since the index went up too much since Mar 15, it is important to be prepared for corrections. As long as we don't see a bearish structure, all we can do is assume the index will keep trending.
As usual, I’ll keep you guys updated on this, so, remember to follow me to not miss any of my daily analyses.
BP: Rising Wedge with MACD Hidden Bearish DivergenceWe are trying to hold a demand line of a rising wedge pattern but are showing clear Hidden Bearish Divergence on the Daily and are likely to rollover rather than hold and upon breaking down one would expect it to come down to fill the gap below us at around $15.50
SPX: A top sign!? Time to panic?Hello traders and investors! Let’s see how the SPX is doing today!
In the 1h chart, we see that the index is respecting our support at 4,595, and only if we lose this point I’ll believe it could drop more. If this happens, we have many other support levels that could hold the price, like the gap area (blue square), the 21 ema, and the 4,500.
The trend is still clearly bullish, as we only see higher highs/lows, and we still don’t see any bearish structure around. Speaking of targets, we still have an open gap at 4,652, which will probably get filled in the future.
Now, let’s look the daily chart:
In the daily chart, it seems we are trying to do a top sign. So far, today’s candlestick pattern could be a Bearish Harami, a famous bearish reversal candlestick pattern (in theory), but that works as a bullish continuation pattern on 53% of the time (near random).
Since we lack bearish structures around, there’s no technical reason to believe in a pullback right now. I’ll just keep an eye open around the 4,595 area, as this is the most important support level for the short-term.
Even if we correct more than expected in the 1h chart, the 21 ema in the daily chart is a good support candidate in the future. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
BNTX HIGH RISK TO REWARD SETUP YOU CAN'T MISSNews - Better than expected Q4 EPS and sales results, the company expects to authorize a shares repurchase program up to 1.5B over the next two years.
Levels -$195 is the next major resistance level.
$138 is the next major support level.
The stock is gapping up to $183 (pre-market).
The idea is to go long at the open when it will try to test the $183 support level and fail, then go long above the 5M bull flag pattern if it will happen.
SPX: Could it CRASH next week? Pay attention to these KEY POINTSHello traders and investors! Let’s see how the SPX is doing today! It did exactly what we were expecting yesterday, and it filled our gap at 4,505. Now, let’s see what’s next.
First, in the 1h chart, we see a clear bull trend as it is doing higher highs/lows. We dropped just to fill the gap at 4,461, near the 21 ema, and now we are resuming the bullish movement. As long as the index stays above the 4,461, the trend will remain bullish in the short-term.
The index is very bullish in the daily chart as well, and we don’t see any bearish reversal pattern that could indicate a possible top. However, it is a fact that the volume is dropping, and this makes the index more vulnerable to corrections.
It wouldn’t be a surprise at all if it corrects to the 21 ema again, and the bullish bias would still be intact. Pullbacks to the 21 ema are normal and necessary movements. The next technical target in the daily chart is the 4,595 (previous resistance), and even if it corrects next week, this thesis won’t be changed. Remember, there's a difference between pullbacks and reversal signs.
In fact, if the index does any bullish pattern near the 21 ema or any other support, it might be an opportunity to buy/add positions.
I would only change this thesis if we see a clear reversal sign, and we are far from having one right now. However we must keep an eye on the key points mentioned in this analysis. Either way, I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my future analyses!
SPX: Could it correct today? Watch this support area closely!Hello traders and investors! Let’s see how the SPX is doing today!
In the 1h chart, the movement was very technical, as it is doing a pullback to the previous support area, and it seems it wants to react now. This support area is made of two relevant supports: The 21 ema; and the Gap at 4,461.
Now, if the index confirms a bullish pattern at this support area, it could easily go up to fill the previous gap at 4,505. However, we must not lose the support area, otherwise the market could see this as a top pattern in the daily chart.
If the index finds a top around here, it could easily do a pullback to the 21 ema in the daily chart, which is quite close to the 38.2% retracement as well. By doing so, the bull trend won’t be ruined at all, and we still could see a good reaction.
So far, there’s no bearish structure telling us it could reverse, but it is important to keep our eyes open at the support area mentioned in this analysis. Since the index broke its purple line it reversed the mid-term trend, and now the bias is bullish.
I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my daily analyses on SPX and other stocks!
AAPL: One of the RAREST candlestick patterns I ever saw on it!Hello traders and investors! Let’s see how AAPL is doing today!
Since it hit our last target, it has been going up nicely, and it seems nothing can stop from filling the next gap at $ 172.31. Since it broke the resistance at $ 168, this point should work as a support level in the future.
The trend is clearly bullish, and there is no bearish sign around. In addition to the support at $ 168, we have the 21 ema in the 1h chart to hold the price, if it drops.
In the daily chart, AAPL is doing 7 bullish candlesticks, and it is going up for 7 days straight. This is a rare event, and although I saw AAPL going up more than 7 days straight in the past (2017), it wasn’t only bullish candlesticks. When was the last time you saw AAPL going up more than 7 days in a row, doing only bullish candlesticks? Tell me, if you can (because, honestly, I can't).
This movement is incredible, and even if it corrects from here, the 21 ema in the daily chart is there to hold the price. Again, there’s no sign it’ll do a pullback, but let’s not panic if it does.
I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses on AAPL!
SPX: You must pay attention to these key points!Hello traders and investors! Let’s see how the SPX is doing today!
In the 1h chart, the trend is clearly bullish, as the index is doing higher highs/lows, and it is respecting its support levels nicely. So far, there is not a single bearish structure that could indicate a possible pullback ahead.
The area at 4,483 is a technical support, along with the 21 ema. Only if the index loses this dual-support level we would see it dropping to lower levels, and this correction would be seen in the daily chart:
In the daily chart, we see that for the first time since January, we are in a bull trend. The index found a support at the 4,167 area, and it broke the purple line along with the 21 ema. Now, any pullbacks will be just opportunities to buy, when and if the Risk/Reward ratio starts to make sense again.
We have many supports to pay attention to in the daily chart. The most important ones are the Fibonacci’s Retracements, especially the 38.2%, because this point is quite close to the 21 ema in the daily chart.
We don’t see any bearish sign on the index right now, however, even if it corrects to one of the supports we mentioned in this analysis, the trend will still be very bullish. I'll keep you guys updated on this, so remember to follow me to not miss any of my daily analyses on indices and stocks.
PHG LONG POSITIONMarket just finished 1 to 5 Elliot wave pattern, and bounced off of a strong demand zone, going down it made a few gaps which needs to be filled in a long term.
Entry: 31.33
Target: 56 (Top of a last gap)
Invalidation: 27.73 (Below demand zone)
SPX: Target hit (one month later!). What to expect now?Hello traders and investors! The SPX finally hit our target at 4,472!
When the market crashed on Feb 24, it was a clear buy to me, and I set a target at 4,472 (breakaway gap). As Nathan Rothschild once said: "But when there’s blood in the streets". The index did many bullish signs: Bullish pivot point; Exhaustion Gap; Piercing Line in the daily chart above a support level. Just check my Feb 24 public analysis for more details:
Now, we filled our Breakaway Gap, and although we don’t see any bearish reversal or top sign yet, the index is losing strength. This is normal, as it went up a lot since the 4,161, and to me, it deserves to do a correction again, at least in the short-term.
In the daily chart, we are reversing the trend, and we broke the purple line for good, indicating that the bearish sentiment is done for now.
Despite the bullish bias, a pullback to the 21 ema again would be a natural and healthy movement, and it would give us another opportunity to buy, if the index reacts well.
To me, it is not the time to buy, but the time to consider booking profits, while wait for another opportunity to buy, when the risk/;reward ratio gets better.
Either way, I’ll keep you guys updated every day on this, so remember to follow me to not miss any of my future analyses on stocks and indices!
TSLA: Hit our target! Is it time to SELL?Hello traders and investors! Let’s talk about TSLA today! We hit our target today, and we must update our key points.
On Feb 24, TSLA confirmed an amazing buy opportunity, and I set a target at $ 920. One month later, we finally hit our target. The reasons why TSLA was a buy at the time are very simple, and I’ll explain why. Either way, if you want more details, here is my public analysis from Feb 24:
First, TSLA confirmed a bullish reaction, just at a support. Usually, in moments like this, retail traders and amateurs will panic. Second, TSLA always filled the gaps that appeared above the price, 100% of the time. Meaning, it was a matter of time for the gap at $ 920 to get filled.
At that time, many people came to me saying it is the time to sell/short TSLA, and I know many people who did that, when TSLA was below $ 800. To me, that was always a good point to buy, and if you ask me, I think now is the time sell (not below $ 800).
Of course, there’s no confirmation yet, but TSLA just hit the $ 943 (red line) for the 5th time, and the 9:30 candlestick was a Shooting Star. If TSLA triggers this shooting star, it could trigger a pullback to its 21 ema at least, and that would be a real sell sign, and I won't judge you if you do that.
Despite the possible pullback in the 1h chart, the daily chart still looks great. We triggered a bullish pivot point, and the next target is the $ 1,115. The volume is good, and the trend is bullish now. This means that any pullback seen in the 1h chart would be just another opportunity to buy.
I’ll keep you guys updated, as usual, so remember to follow me to not miss any of my future analyses on TSLA and other stocks.
Ethereum ETH - CME future gap as resistanceEthereum - CME future gap as resistance...
Some people believe in the gap theory - some don't.
For those who believe - the gap occurred between $2.945 and $2.889.
Let's see how ETH price will behave at that gap.
But further correction likely since RSI is quite high ATM.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
SPX: Amazing BULL TREND! Will it correct from here?Hello traders and investors! Let’s see how SPX is doing today, and do a complete multiple time frame analysis (MTFA) on it!
First, in the 1h chart, we see a clear bull trend, as the index is doing higher highs/lows. We broke the past resistance at 4,416, and now we are heading to fill the gap at 4,472.
We don’t see any top signs at this moment, and not a single bearish structure that could indicate a reversal. Since we are in a bull trend, pullbacks to the 21 ema would be just opportunities to buy.
In the daily chart, we see something new. For the first time since January’s top, the ATH, we are breaking the purple line. What’s more, it triggered a Double Bottom chart pattern by breaking the 4,300 line.
The index is looking great in the daily chart, but to me, it deserves a correction back to its 21 ema again, in order to confirm a true reversal.
Usually, after impressive movements, we see some correction, and the weekly chart can tell us more about it.
We see a clear bullish engulfing candlestick pattern, a reversal pattern. Since we have the 21 ema above the price, this point could work as a resistance for some time. This could reinforce the idea that the index deserves to correct a little next week.
However, we can’t count on this right now, as there is no technical reason to believe it’ll correct from here. When we see something interesting again, I’ll update you guys. In this case, remember to follow me to not miss any of my future analyses.
SQ - trend could be reversing upSQ is now formiong a potential inverted Head & SHoulder's formation, a breakup of it's neckline @ 132 could confirm that the trend is reversing to up.
When a breakup does happen, a re-test (pullback) of the neckline is not uncommon but as long as it does not breach this level, then the neckline will become the new support, with potential H&S target @ 180 (abt 36% upside from the neckline).
Let's see if this trade will pane out.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
NVDA: Bottom nailed and target hit! What's next?Hello traders and investors! We have to update our thoughts on NVDA! Yes, NVDA hit our target today, 9 days after we called the dip, when NVDA was trading right here:
Now that it hit our target, it seems it is losing strength, which is ok. Corrections are natural movements. Any bullish reaction near the 21 ema would be an opportunity to buy.
I see the $ 232 as the most important support level on NVDA, and only if it loses this point it wouldn’t be bullish anymore. Yes, now we can consider NVDA bullish in the short-term. Let’s see what the daily chart has to say about it:
NVDA is breaking our purple trend line, something it couldn’t do since November 2021! This is a great sign.
Today’s candlestick is quite weak, thanks to the resistance at $ 246 seen in the 1h chart, and to me, NVDA must break this price level for good in order to reverse in the daily chart as well. The $ 269 would be the technical target for this movement. However, NVDA must not lose this purple line again; otherwise, the market may see this as a false breakout.
So far, NVDA looks promising, but we must pay attention to the key points mentioned in this analysis. As usual, I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses!
