Get started

Headandshouldersformation

TSLA: Breaking Important Resistances.• TSLA broke its main resistance at $187, and it hit its next resistance at $200. As we discussed in our previous studies, the $187 was our key point, and seeing TSLA breaking it is a powerful sign (the link to my previous analysis is below this post, as usual); • The $187 (red line) was the neckline of an H&S chart pattern, and it was very close to the 21 ema, making this a dual-resistance area. By breaking this area, TSLA is giving us strong signs that it wants to reverse the bearish sentiment; • It seems TSLA is losing momentum this morning, but since it just hit another resistance at $200, that’s expected. In theory, the $187 area (previous dual-resistance) is supposed to work as a support if TSLA corrects from here; • What’s more, the $187 area seen in the daily chart is close to a very important key point in the 1h chart: • In the 1h chart, we see that TSLA broke its resistance at $186 (red line), and immediately jumped to the $200; • The price is way above the 21 ema, which is pointing up, and now it is doing higher highs/lows, meaning, the bias is bullish (short-term); • Only if TSLA loses the $187 - $186 area we would see it rejecting the bullish thesis. A pullback is plausible, but it must not drop below this point; • If TSLA breaks the $200 in the next few days we might see it retesting its next resistance area, around $211; • The bias is bullish for now, but let’s pay attention to how it’ll react near the $200 resistance. Probably the volatility will increase due to the FED, but these are the key points we should watch from here. I’ll keep you updated. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
SPCE No Earnings Burning Cash Swing ShortSPCE is losing money for 4 consecutive quarters showing that it is fundamentally a losing proposition, perhaps destined for bankruptcy or alternatively share dilution to raise cash which would prejudice present shareholders. Perhaps these scenarios are baked into the price. On the 4H chart the long downtrend dating back 2 years has continued. After the turn of the calendar year SPCE got a little pullback from the downtrend but has made a head and shoulders during the most recent earnings. It is easy to see Virgin Galactic as a swing short opportunity while it is slowly turning itself into a penny stock. Perhaps it will be Mr. Musk's next project after finishing with Twitter and he will join it into Space-X which may or may not reverse the slow demise. This is a clear case the interplay between risk and reward. I will play this swing short until the week of the next earnings.
NYSE:SPCEShort
by AwesomeAvani
1
BITCOIN RIGHT SHOULDERLots of fun things and happening around the crypto world the past few months From Mr.SpankMan Fraud to banks dissolving out of existence and lets not forget liquidity crisis abound. From a fundamental standpoint things arent so great in the United States for crypto. STILL congress has dragged their feet and has yet to provide any significant framework for how they want crypto banks/business to run that are based out of the USA. This is in contrast to Europe and Asia where crypto regulations and regulatory bodies have laid out a much more concrete, if not still obscure, framework for how they want crypto businesses to operate. From a corelation standpoint, Bitcoin is becomming less and less corelated to the overall US stock market, which is a good thing in general and should continue. Silvergate is not helping the situation but the lack of liquidity only means that volatility will increase. In times like these i like to go back to technicals, and from a technical standpoint THIS IS SOME ELEMENTARY SCHOOL BASIC PATTERN FOREX TRADING 101 RIGHT SHOULDER, STOP LOSS BELOW "HEAD" BUY BITCOIN DUHHHHHHHHHHHHHHHHHHHH
BITSTAMP:BTCUSDLong
by NakedTrading4U
BTCUSD: Head and shoulders as they teach it in books!As you can see, it is a very easy to identify "Inverse Head and Shoulders" with a typical Bearish divergence. This is technical analysis 101. If a bear starts acting a little hungry and going a little crazy in their arguments, maybe you should hand them a snickers bar (because you are not yourself when you are a hungry bear), or you can simply show them this picture ... I am sorry, but the Bull run HAS STARTED. *Let me know in the comments what do you think? Have a great FriYay!
BITSTAMP:BTCUSDLong
by ChemastroOfficial
13
TSLA: About to Bounce.• TSLA is reacting now that it hit its 38.2% Fibonacci’s Retracement; • This is expected, but TSLA is still in a bear trend, and there’s no bullish reversal structure on it yet; • In the 1h chart, it is inside a Descending Channel (trying to break it this morning), while in the daily chart, it triggered an H&S chart pattern; • In theory, a pullback to the neckline is acceptable, which is at $187, exactly where the 21 ema is today, making this area a dual-resistance level; • The 38.2% retracement is our key support, and in order for TSLA to resume the bearish momentum, it’ll need to break it again. Right now, we are between two important key points. Let’s see how TSLA will react from here. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
CABLE WEAKNESS INCOMING From a Technical standpoint we can see solid resistance forming in this current supply zone, which supports a RETEST of the SHOULDER that has formed around 1.19 Area. There will be a significant fight here however, as the downwards momentum of STERLING is very strong. Fundamentally the outlook for GBP remains very challenging as opposed to the US Dollar. Whereas Powell is going to realistically need at least one or two more hikes, the BoE is in a rather precarious position. With inflation peaking the Bank of England doesnt have much more room to keep pumping rates up, while other economic factors arent coming as strong in England as they are in the USA, with USA JOBS and consumer index keeping the dollar strong. Look for CABLE to retest lows at 1.19 and potentially dip further if price action allows it
Short
by NakedTrading4U
2
GOLD - Quasimodo Head & ShouldersBullish on gold for multiple reasons: Bullish confluences on gold: Inverted yield curve (Possible recession after yield curve flips) = Short term bonds have a higher yield than long term bonds (Federal reserve pushing up interest rates to fight inflation) Possible recession incoming... Increase investments in asset classes with a potential Recession: - BONDS, GOLD, REITS Powell says Interest rates rising so this might be bad for gold but it's still looking solid. NOTE: if it breaks the right shoulder low this trade may be invalidated
OANDA:XAUUSDLong
by CryptoVik
TSLA: Dead Cat Bounce.• Yesterday, TSLA hit an important support level, the 38.2% Fibonacci’s Retracement; • This is its first mid-term support level, and it seems TSLA wants to react this morning (pre market); • Since TSLA just triggered an H&S chart pattern, a pullback to its resistances is likely to happen. As I said yesterday, according to Bulkowski, H&S patterns have 68% chances of a pullback - the link to my previous analysis is below this post, as usual; • The next resistance levels on TSLA are the $187 (previous support) and the 21 ema; • Any top sign under these resistances might indicate that TSLA will seek lower levels, maybe the next retracements; • Could TSLA reverse this bearish bias? Yes, but it would need to break its resistances first. For now, let’s see how it reacts near the 38.2% retracement. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2