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a weekly price action after hour update - tesla #4Good Day and I hope you are well, prev. outlook from 2024-03-13 Quote from my #3 Tesla update: "tl;dr: do or die here at 170 for the bulls. If we break below the bear channel line, bulls covering will fuel this further. Strongly bearish." and the second quote: "bear case: Nothing bullish about this stock at all. Bears are in full control and selling everything. If they manage to break below the bear channel, the long covering will accelerate it to 150 but probably not much further before earnings. If earnings are as bad as i expect, the remaining die hard bulls will give up. Except for Cathy. This stock and her fund will go down in 2024." bull case: If bulls somehow manage to keep this above 150 and they can break above the bear wedge and close above the daily 20ema, there is a chance this stock could trade sideways probably between 160 and 200. bear case: If 150 breaks, next stop is 100-110. Earnings will officially be released on 2024-04-23 after hours. So don't get fooled by all the reports. They just reported one part of their abysmal earnings. The rest will bring us below 150 and the long covering will be epic. This stock is going two digit in 2024. short term: 150-160, earnings in 2 weeks should bring us below 150 and on our way to 100-110. medium-long term: 100-110 where it might go sideways for a longer time. If they survive obvioously.
NASDAQ:TSLAShort
by priceactiontds
GOLD will fall more currently the gold is moving between a bearish channel and is broken below the weekly resistance ..in that case it would be fall more until 1880 weekly support which was previous resistance .in that point gold seems quite bearish .we can see the daily demand around 1910 area was actived and price moved to 1930-1936 area again. on other hands , IF the gold trade above 1940 means ,the bulls back in to tha market then turn the trend to bullish side .currently we are only looking for gold selling opportunities until it trade below 1930 and 1940 area. also the MACD histogram is giving a negative signal and that means there has a higher probability to sell on gold good luck for this week.. OANDA:XAUUSD
OANDA:XAUUSDShort
by rasindu2003
ETC can go lower than you can imagineAs we can see on the ETC chart, even levels formed without removing liquidity. Major stops and liquidity are below previous lows. Locally, upward movement is possible, but globally, we have an untraded part of the chart, where small holders capitulate, and big capital can gain their positions. Since before that the price had risen to $140 with no volume, I think that the growth was manipulative and we easily can see POI 1 and POI 2 IN THE CASE IF THE PRICE EXITS OUT OF THE UP CHANNEL.
BITFINEX:ETCUSDShort
by Nokkkkkturnal
Heaven or hell?The S&P500 is busting into a decisive zone. For some it will be heaven. Others say hell awaits everybody. The choice is yours. The markets have been said to be pushed not just by FED cheap money, but by Robinhoods (a popular search engine will say more). I depends on who you believe. Just to be clear, I don't know which way it's going or for how long in any direction. All I know is that I'm stalking on lower time frames. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
TVC:SPX
by Captain_Walker
NEO \ BTC falling wedge in a downtrend? maybe...NEO\ BTC Analyzing NEO BTC (bitance) chatd we see a very very long downtrend from April (0.009 BTC) to August 2018 ( 0.0024 BTC) On september NEO broke downtrend and has entered in a falling wedge triangle where now we are in. Falling wedge in a downtrend is a bullish signal so we expected IF NEO dont broke lower support a testing in area 0.003100 BTC IF NEO broke down support.. well... there's no other support... free fall to hell. MY PERSONAL TRADE (it's only my personal trade not a suggestion!!) ORDER LIMIT: BUY ORDER if price reach 0.001635 SAT (now 0.001623 sat) i'll lower this entry point every 5 sat (0.001630 when reach 0.001618 and so on) please fell free to comment below. Thank's. F.E.
Long
by EmanueleFerrari
1
USDCHF Trading the Parabolic Curve PatternHistory and Application This parabolic curve pattern was first observed in the markets over 50 years ago and was misnamed a parabolic trend. Then, observing a parabolic curve pattern on the charts was a rarity. With increased market participation in forex, with the added propensity to have increased buying and selling pressure on a currency pair by an increased number of market players, it is now a much more frequently seen pattern. The parabolic curve pattern is used to define fast moving trend acceleration, as the steepness of the curve increases with time. These fast price rise is usually a sign of either panic buying or herd buying, driving prices to unsustainable levels before the inevitable rapid collapse. A characteristic of these trends is the rapid collapse when prices move to the right of the trend line that forms the parabola curve. This trend line thus has a defined end date. These trends occur in all types of stocks. These trends may also constitute an additional development in an existing trend. Trading the Parabolic Curve Pattern There are two approaches to trading the parabolic curve pattern. You may decide to use long trades at the areas where the base points meet the parabola and bounce off it, or you may decide to wait until the buying party is over, and sell as the price action shifts to the right of the curve. Usually, the second option produces more reliable and sustainable results than the first one. a) Long Trades A stock moves parabolic at the end of extreme uptrends, and this pattern is seen when panic buying sets in and prices are driven almost to a vertical point. During a parabolic uptrend, there is a near-complete absence of sellers, which creates a vacuum that permits nothing else but buying activity. As prices rise, more buyers flock in. Fear is conveniently left behind as more traders rush into the trend just to get a piece of the action regardless of price. Moves that occur in parabolic fashion can make the largest price moves in the shortest amount of time, but are very dangerous places to enter long positions when the party is about to come to an end. When an asset moves parabolic, it often marks the end of a move with prices not returning to the ultimate highs again for a long time. We see this pattern in the chart shown earlier in this article where the NZDUSD went parabolic and gained in volume and price at the end of the run. What began as an uptrend quickly became panic buying, driving the currency pair vertically higher. This is the accelerated growth phase. After which the asset breaks out from a long basing pattern, it will sometimes enter a rapid growth phase with a series of ever-steepening, rising trend lines. Often the acceleration of price appears as a parabolic curve on the price chart, and sometimes the final stages of the move will climax with a leg that is virtually straight up. The emphasis of the long trades would be to: Identify the base points as shown on the chart. Locate the areas where the base points make a run to the parabolic curve. Buy at those points with a very short stay in view. Due to the extremely short term nature of the long trades occasioned by the increasing steepness of the parabolic curve, it is essential that the trader has a clearly defined exit strategy for such trades. The base points are areas where there seems to be a lull in activity, which pushes prices almost sideways to the parabolic curve from where a renewed round of buying takes place. Usually the trade volumes at these buy areas rise very rapidly, and can be detected by the use of the volume indicator. These are the areas at which traders should setup their long trades, as can be seen on this chart below: History and Application This parabolic curve pattern was first observed in the markets over 50 years ago and was misnamed a parabolic trend. Then, observing a parabolic curve pattern on the charts was a rarity. With increased market participation in forex, with the added propensity to have increased buying and selling pressure on a currency pair by an increased number of market players, it is now a much more frequently seen pattern. The parabolic curve pattern is used to define fast moving trend acceleration, as the steepness of the curve increases with time. These fast price rise is usually a sign of either panic buying or herd buying, driving prices to unsustainable levels before the inevitable rapid collapse. A characteristic of these trends is the rapid collapse when prices move to the right of the trend line that forms the parabola curve. This trend line thus has a defined end date. These trends occur in all types of stocks. These trends may also constitute an additional development in an existing trend. Trading the Parabolic Curve Pattern There are two approaches to trading the parabolic curve pattern. You may decide to use long trades at the areas where the base points meet the parabola and bounce off it, or you may decide to wait until the buying party is over, and sell as the price action shifts to the right of the curve. Usually, the second option produces more reliable and sustainable results than the first one. a) Long Trades A stock moves parabolic at the end of extreme uptrends, and this pattern is seen when panic buying sets in and prices are driven almost to a vertical point. During a parabolic uptrend, there is a near-complete absence of sellers, which creates a vacuum that permits nothing else but buying activity. As prices rise, more buyers flock in. Fear is conveniently left behind as more traders rush into the trend just to get a piece of the action regardless of price. Moves that occur in parabolic fashion can make the largest price moves in the shortest amount of time, but are very dangerous places to enter long positions when the party is about to come to an end. When an asset moves parabolic, it often marks the end of a move with prices not returning to the ultimate highs again for a long time. We see this pattern in the chart shown earlier in this article where the NZDUSD went parabolic and gained in volume and price at the end of the run. What began as an uptrend quickly became panic buying, driving the currency pair vertically higher. This is the accelerated growth phase. After which the asset breaks out from a long basing pattern, it will sometimes enter a rapid growth phase with a series of ever-steepening, rising trend lines. Often the acceleration of price appears as a parabolic curve on the price chart, and sometimes the final stages of the move will climax with a leg that is virtually straight up. The emphasis of the long trades would be to: Identify the base points as shown on the chart. Locate the areas where the base points make a run to the parabolic curve. Buy at those points with a very short stay in view. Due to the extremely short term nature of the long trades occasioned by the increasing steepness of the parabolic curve, it is essential that the trader has a clearly defined exit strategy for such trades. The base points are areas where there seems to be a lull in activity, which pushes prices almost sideways to the parabolic curve from where a renewed round of buying takes place. Usually the trade volumes at these buy areas rise very rapidly, and can be detected by the use of the volume indicator. These are the areas at which traders should setup their long trades, as can be seen on this chart below: b) Short Trades This is the more assured and safer play of the two trade positions. Parabolic curves will almost always get to a point of price collapse. Sometimes there is a bit of topping followed by a controlled, but precipitous decline, but other times the straight up move reverses into a straight down move of equal or perhaps even greater magnitude. It may be the effect of gravity, but the collapse will almost always outweigh whatever short burst of upside moves that would have previously occurred. Once the parabolic has broken down, prices will sometimes return to the level where the parabolic rise began. This is most common with movements that can be attributed more to hype than on actual substance based on genuine market fundamentals. Another possible outcome is that the currency pair could lose a substantial amount of its gain, then enter a period of high-level consolidation. This is what appears to be happening with our NZDUSD chart above, as you can notice the leveling out of the downside move. Trading the price collapse should be really easy. All the trader needs to wait for, is for price to break through the already vertically inclined part of the parabolic curve, accompanied by a rise in volume. This almost always confirms that the upside party is over and the downside ready to begin. We have treated the issue of how to spot and confirm a breakout in so many places on this blog that it will receive a brief mention here. The price action candle simply has to close below the curve for the short trade to be confirmed. Rules For Tracing The Parabolic Curve This pattern is traded without reference to any other indicator. It is a standalone indicator. Once the price action has broken through the right of the trend line signal, this can be considered a good place to setup a short trade. To be genuinely counted as a parabolic curve, the trend line which forms the parabolic curve must hit at least 2 points. Preferably, this trend line should be allowed to touch 3 initial low points to form a valid trend line plot. Once the trend line has been plotted across three candlestick low points, the position of the curve does not change. In the real world of trading, it is more practical for the curve to start from a point of ‘best fit’, rather than necessarily starting at the commencement of the trend. When the curve assumes a more vertical orientation, it sets the tone on which the next price bar will inevitably move to the right of the trend line, setting up the sell signal for the currency pair. Advantages of Using the Parabolic Curve Pattern What are the advantages of using the parabolic trend in trading forex? It is suitable in capturing moves that evolve very fast, especially in situations where mass panic buying causes prices to rise very steeply. It can be used to identify accelerating trends. It gives very precise entry and exit points, depending on how the parabolic curve is traded. It provides opportunities for buyers and sellers alike. Those who miss out on the opportunity to buy off the curve at the various base points, can simply wait to capitalize on the collapse of prices that follow the shift of price action to the right of the curve. The parabolic curve can be most effectively used with price or derivative leverages.
Short
by UnknownUnicorn3717994
3
EUR/USD Trend-Catcher System Update Aaand the losing streak is over! Thanks to a decent signal from EUR/USD, the HLHB is back to black this week. Phew! Before we get to the numbers, read all about my HLHB Trend Catcher System if this is your first time hearing about it! Basically, I’m catching trends whenever the 5 EMA crosses above or below the 10 EMA. A trade is only valid if RSI crosses above or below the 50.00 mark when the signal pops up. And in this version, I’m adding ADX>25 to weed out the fakeouts. As for stops, I’ll continue to use a 150-pip trailing stop and a profit target of 400 pips. This might change in the future, but I’ll stick to this one for now. Oh, and as mentioned before, I’m switching back to applying the HLHB system to the 1-hour time frame. Using 4-hour in Q1 2017 and Q2 2017 wasn’t bad, but I think using this trend-catcher on the 1-hour could yield better results.
by UnknownUnicorn3717994