BTC1! BTC CME dramatic moves at handAt the cusp of violent volatility. Price Action broke out of an ascending triangle previously discussed. The measured move of this ascending triangle is 77.4k.
However a rising wedge has been painted. If price action break up from this rising wedge this will result in a blow off top reaching 110k.
Otherwise, if price respects the rising wedge then it will be a start of a sustained trend down to close the cme gaps like in March 2020.
Gaps
$TMLast week we saw pretty nice spike in $TM with the announcement of the shares buyback. I bet against it even though i had it targeted to reach $206, but with all the uncertainty in the market I thought it wouldn't make it. As it hit the peak of $213 we can see it formed a head and shoulders pattern which brought us back down into the 2nd gap of the original breakout. Now we have a mini inverse head and shoulders that should only push the stock around $210 being as though it is on a smaller time frame and a short downtrend it won't have any real effect. My target for this week is $209-$206 maybe $205 for the lowest. I do see this continuing to go down into next week through into the 1st gap and back to retest the original breakout around $199/$200 area.
NYSE:TM
AMC CME Gap's + Price Target of 51.55-51.69When it comes to CME's, common talk is price will re-trace to the gap at one point in time ( Can be sooner or later ). On this chart you'll see the various CME's in AMC but the most significant ones relative to recent price action are 2 CME's
51.55 - 51.69 (#2) 14 Cent Gap
&
38.88 - 38.14 (#1) 74 Cent Gap (Empty box near MA's)
Market open Monday should retrace us to the previous gap mentioned as #1
These CME's are based on Daily t.f. Charts and a couple including the ones mentioned above were fine tuned on 1 hour for accuracy more importantly the 2 above are significant due tp their resistance at these points. This chart is only showing CME's and will continue to track them on a weekly basis here.
Food for thought on options traders,
The squeeze is more likely to happen if you buy the stock and hold rather than trading the option. Put or Call. Doesn't matter
We need a SOLID floor.
Happy Trading everyone and remember,
Scared money don't make no money!
Trading plan: T-MobileThis thing gapped up one year ago, finally comes back down 190 bars (1D) later for a pullback.
Chart Setup:
- Timeframe: Daily
- Backtested using this strategy to scan for reversals (could be false, but decent win-rates to convince that it could be sometimes be true)
- Using price gaps to identify trends, then using volume profile - fixed range (VPFR). to map out areas of support/resistance
Observations:
-137-150 range was fake, not enough volume to support it, POC (red line) remained at 130 throughout the VPFR period
- couldn't break out of 130 on Sept 22
- drew another VPFR, this time from Q1 of FY2020 extending up to today, noticed that 103-115 is an area of value, good supports here.
- 12 month targets average out 170, a whopping 30% difference below target (much lower than Verizon's current price relative to its own average target)
Bias: Long.
Disclaimer: not an investment advice
AAPL: Complete trend analysis for the week.Hello traders and investors! Let’s see how AAPL is doing today!
First, in the 1h chart, we have a purple trendline connecting the previous bottoms, creating a bullish bias on the short-term. However, in the mid-term, it seems AAPL is still in a congestion, and the main resistance is the $ 150, while the support levels at $ 141.62 and $ 142.56 are a floor for AAPL.
It is interesting to notice that when it reported Earnings, AAPL dropped to fill the gap at $ 142.56, and it quickly bounced back up. Even during extremely volatile moments, we can find some sense of the movements, using technical analysis.
Now, let’s look at the daily chart:
Despite the Double Bottom pattern, the trend is still bullish, as the 21 ema is still pointing up, and AAPL found a support at it, as it couldn’t close under the indicator.
It is not the strongest bull trend, as we lack higher highs, but we are not doing lower lows either, so, we can assume that the movement seen in the past month is more like a brief congestion.
Let’s remember the 5th Tenet of Dow Theory: Trends persist, until a clear reversal occurs. For now, we have nothing new on AAPL, and we can assume it’ll seek the ATH.
If we lose the 21 ema, we might seek the $ 141.62, or even the 38.2% Fibonacci Retracement. The 50% retracement would be the best support, but I don’t see AAPL going there, as we lack stronger bearish signs.
It would be phenomenal if we seek the 50%, as in the weekly chart we see that this point was a previous resistance, and it is close to the 21 ema as well.
But for now, AAPL is still bullish, and although we don’t have any good reason to buy it right now, we don’t have good reasons to sell either. Now is the time to wait for AAPL to do something clear to us, before doing anything.
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The revolutionThe globalist clones that all think the same way in power for 30 years or more (that's subjective, depends where we put the threshold) know they are threatened and will stop at nothing to hold onto power.
Europe, NA, could add the South Africa rainbow nation too. Complete failure.
Here is what happened in 2017 during the french elections:
Volatility is going to go up up up. Hey even DEM to USD was rather constant 1926-1933 at 4.2 then it dropped quickly to 2.6. Then not too much change.
Stock market went up up up under Hitler euphoria (all opposed him from the start in 1946). Literally the only dictatorship I know of. What usually happens to price?
What about Chile?
"The aim is to make Chile not a nation of proletarians, but a nation of entrepreneurs." - Augusto Pinochet. (Today Chile has the 3rd rate of entrepreneurship in the world).
When Pinochet took power he inherited the socialist failures, and had hyperinflation then after a few years there was the "Chilean miracle" ye right "miracle", no just someone that cared about his country and moved to fix it. He wasn't a dictator to hold onto power (if he was even one), but someone that was fair and wanted to fix the country that socialists destroyed (and to this day it's one of the world countries with least wagecucks - and gets flooded by central american migrants/grasshoppers).
So we can't really compare those. Pinochet was the solution, the western propagandist dictators are the problem they are the Allendes running a slowly declining country.
Ye usually under dictators economies do well to be honest. They might devalue the currency, when the dictator first steps in biased investors might crash prices, but over time things seem to go well not gonna lie. When dictators are fair and care about their country, not when they are Kim Jong Un ruining his country and blaming it all on the USA.
Only difference between North Korea and US+EU is NKR puts a gun on the head (usually heart) of people to force them to believe the propaganda.
The west uses censorship and controlling all the media and lies but no gun to the head, shame to all the morons that willingly believe the propaganda.
They also want to use economic incentives (a nation of big companies wagecucks that can get fired and never find a job, a cashless society that can freeze accounts, etc).
Europe is looking more like the Soviet Union in the late 80s than anything else. If the Soviets could not stop it, how can western low Testosterone losers?
There is 1 difference: The west is "diverse", and as Jeff Bezos knows so well, a diverse workforce cooperates and unionizes much less.
Still, divide to conquer is crumbling, both the "left" and "right" are so fed up and mad they are teaming up.
Here is a list of some of the dictator laws in France of the last 5 years:
And there is much more. They'll never run out of excuses:
- Any terrorist act to enable mass surveillance
- Any disease to enable movement restrictions
- Any conspiracy theory to enable censorship
- Any violence at protests to enable control
- Any cop death threat to enable Derek Chauvins
- And so on...
I also want to add 1 thing about the collapse:
30 years ago the USA were the first trading partner of the entire world.
Today who's left? France and the UK. Seriously. Oh and North American countries (US neighbours).
For real the entire planet was blue (US partners) and now it's entirely red (China) with the exception of 2 lapdogs in blue: France and England XD
The US are going to number 2. They'd be almost there or even there already if it wasn't for all the debt and exporting their inflation.
Revolutions and end of an era. Mark my words 🔥🔥🔥
Compression, Expansion, Trend - US100Started on the NDX, looking for possible targets to the downside.
End of month is upon us, bank holiday Monday too, traders look to square their positions, funds look to rebalance.
Not trading inside the ranges, looking for a clear break, retrace and continuation pattern
BTC1! new 48k gapBTC1! failed to close the top CME gap at 60k of the double gaps before dropping significantly. This I interpret as bearish, but the silver lining is that price will return to 60K in the future. Currently a new significant gap was formed at 48k,and probable that price action will close this gap soon since price action has formed long absorption wicks at 42k and an HTF bullish engulfing candle.
USE GAPS AS SUPPORT & RESISTANCE! Today's tutorial covers the topic of GAPS:
** what is a gap? **
- Gaps occur when a stock moves up (or down) significantly during pre- and postmarket hours, so that there is a major difference between closing and opening price. A lot of times this gap will get "filled" over time, which means that the market is often attracted by a gap.
** A gap up is filled to the downside **
** A gap down is filled to the upside **
-> ** KEEP IN MIND GAP FILLS DO NOT HAVE TO HAPPEN! **
In this tutorial I'll show you how you can ** use GAPS as support & resistance **:
--> Look at the chart:)
Gap TheoryThe gap theory is short and simple. Not everything needs to be lengthy and laborious. "Everything should be simple as possible, but not any simpler"
Break-Away Gap
Once a new cycle has begun and you see a breakaway gap in the STARTING of a move, you get confirmation of this new cycle. HOLD.
Run-Away Gap
Once the trend is continuing for some time and then you see a second gap, this is a confirmation that you are somewhere in the MIDDLE of the move, so you know a further movement in price is expected. HOLD.
There is a possibility that you can get multiple runaway gaps.
Exhaustion Gap
After a move in price had already happened, a gap that signals the END of the move happens. If this is your 3rd gap on the, you should look very closely to distinguish if it is a runaway gap or exhaustion gap. SELL.
How do you tell the difference between the exhaustion gap and the runaway gap?
Easy, if after the gap happens the price shoot straight up without closing the gap in the next few days ---> runaway gap. HOLD.
if after the gap happens the price is closing the gap in the next few days ---> exhaustion gap. SELL.
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The interesting case of NXPI.It is now 4 hours into the day and I have analyzed a grand total of 10 stocks. I am clearing a lot of clutter out of my head though. If they ever pass a law that keeps U.S. markets open over weekends... I would worry for a lot of people's sanity. Chiefly my own.
Can someone explain to me what a Gann is? And what you do with it? Or give me some leads at least?