NVDA breaks below with mixed feelingsNVDA very recently breaks below its upward trend, but other factors make its break below uncertain.
Volume has been decreasing since its selloff at the peak of the 26th indicating disagreement
RSI has been holding flat at the 50 line instead breaking below
MACD also has not been moving into bearish zone just yet.
The break below is of concern, but so far we are not seeing signs that this will trigger a violent sell off yet. The sell off maybe more muted before turning around back into another rally again.
M-oscillator
SPY breaks another upward trendSPY has broken two upward trends in this recent rally giving less momentum each time it breaks
Ended old upward rally on Sept 23, going into new rally with reduced momentum
The latest rally has now been broken again
MACD very close to going into a bearish sell off
RSI breaks below the 50 line
We may expect SPY to trade flat for a little bit of time in the distribution phase of its rally cycle, before the bears take hold.
NVIDIA - A leading Indicator for the AI trend and market NVIDIA - NASDAQ:NVDA
🟣The upper purple parallel line is acting as resistance to price at present. A rejection from this long term purple line may be an early warning signal of a significant correction. A break above it would suggest continued positive momentum.
⏳In combination with the above considerations, a breach down and out of short term parallel channel would be a secondary warning signal of a trend change to the negative.
⏳Falling below the 50 week SMA (red) would be a third confirmation of a negative trend shift.
Obviously these levels could all act as support but if they are lost one after the other (price falling below them). It could be an early warning sign of this AI trend slowing.
✅Otherwise, a repeated 142-152 week bull trend out to June 2025 or April 2026 probable for now.
Why Watch Nvidia closer than the rest?
▫️ Apple, Microsoft and NVIDIA are the top three largest companies in the world by market cap. Collectively they are almost $10 trillion worth of market capitalization. That is almost 22% of the total market cap of the S&P500 Index, so all 3 are worth watching for warning signs or positive momentum.
▫️ Nvidia could lead the market as it is providing the shovels (graphics cards) for the AI data digging/sorting and general compute/data storage. If their performance starts to wane its a signal of less digging/sorting and a slowing of purchases from NASDAQ:AAPL , NASDAQ:MSFT (indicating slowing growth in both). Keeping a close eye on this chart could provide the early warning signals of a trend change, both on the AI front and the entirety of the market cycle.
There is no guarantee of the time sequence continuing on this chart however, these cycles tend to rhyme over time. I hope Nvidia breaks above the purple line at the top of the current long term channel. At present it is stiff resistance, and if price is rejected from here lower, this could be an early warning sign of the a market correction.
Remember, you can check in on this chart and press play to get updated data at any time by clicking the link in the comments below or by following me on TradingView.
PUKA
FET/USDT Strong Support and AI Narrative Fuel Potential GrowthFET/USDT is presenting a compelling case for traders right now.
With strong support at the $1.5 level, positive technical indicators like the bullish divergence on the Stochastic Oscillator, and a growing AI narrative, FET has the potential to reach $2 in the near future.
Traders should consider this an optimal buying zone, but as always, it’s important to stay vigilant and monitor market conditions closely.
Ethereum Stability Amid Market Volatility and Promising OutlookAccording to the latest data, the Stochastic Oscillator reveals a divergence between price action and market momentum.
While the price of Ethereum has experienced higher lows, the oscillator shows a lower high.
This divergence suggests a strong possibility of a bullish reversal, meaning Ethereum’s price could rise after bouncing off its support levels.
This pattern is a positive signal for Ethereum traders, especially those looking for buying opportunities during the current dip.
BTCUSD - BullishThe BTCUSD chart is currently exhibiting a strong bullish trend marked by a series of higher highs and higher lows. This pattern indicates sustained upward momentum, providing traders with favorable entry points.
Higher Highs and Higher Lows: The consistent formation of higher highs and higher lows reinforces the bullish trend, suggesting that the price is likely to continue rising.
Absence of Divergence: The lack of divergence further strengthens this bullish outlook, indicating no signs of potential reversals or weakening momentum.
Conclusion
In summary, the BTCUSD chart shows a robust bullish trend, with indicators supporting further upward movement. Traders should remain vigilant for any changes in this pattern.
Long Nikkei 225 setup with momentum remaining bullishNikkei 225 futures look terrible on the dailies, with a shooting star candle followed up by a big bearish candle on Friday, completing an evening star pattern. Convention suggests downside risks are building, but I’m not going to follow convention today.
Sitting just above the 50-day moving average, a decent long setup has presented itself, especially with USD/JPY moving off its lows in early Asian trade. RSI (14) and MACD continue to generate bullish signals, making me more inclined to buy dips, bolstering the case for longs.
You could buy around these levels with a tight stop below the 50-day moving average for protection, targeting 38425 initially. A break of that level may bring a push towards 40000 into play.
Good luck!
DS
$SPY September 30, 2024AMEX:SPY September 30, 2024
15 Minutes
For the fall 574.21 to 570.42 572 is a good level to short.
First target is 569.5 to 570 levels.
AMEX:SPY seems to have lost momentum on Friday. Looks highly possible to touch 200 averages in 15 minutes.
This retrace will allow AMEX:SPY to begin next move upwards as in daily also it is around 9 ema around 569 levels.
So initially a retrace to 568-570 is good to consolidate.
Monday no trade day for me.
Dogecoin - Going upbut only for a little while. Do not believe this is another January 2021 moment, there's good reason for that. For other tokens, yes. For Dogecoin, a rally into a continuing Macro Downtrend.
On the above 3-day chart price action has corrected 90%. An excellent long opportunity now exists. Why?
1) Price action and RSI resistance breakouts.
2) Price action prints a triple bottom on past resistance.
3) Some other reasons but will not say here.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Timeframe: Act now
Return: Will say else where
Golar – naturally gas lit, or weighed by liquefication? Natural Gas has been flying lately, and I have a feeling GLNG has been lagging. This is a company that liquefies natural gas at sea, and they are a world leader at this. Looking at the daily chart the stock has been in consolidation since mid-June, until it broke out of the channel two days ago. MACD, OBV and RSI are aligning, and the EMA20 has crossed up over EMA50.
I feel this is a breakout, and it happened on high volume. ATH was $62.62 all the way back in Oct 2014, and the current price is the highest since June 2015 ($50.85). Realizing the trimester up to and including October often is the peak of natural gas, I believe we could see more upside to this stock. Seeing as there are no obstacles until $50.85 this is where I will place my target. This is a 35% upside from today, so obviously keep track and follow world events for potential exit levels prior.
NFLX showing weakness poised for a sell offNFLX rally is coming to an end it seems with a clear break below its upward support line and holding below.
Breaks below back in Sept 11, then quickly reverses back up.
Recently breaks below again, tries to regain but fails to get above support level.
Stock is now the support level into its resistance level
RSI breaks below its 50 level and over the past few days
MACD falls into bearish territory
NFLX rally since the August sell off looks to be coming to an end. It is expected that October will bring volatility into the market.
Visa Stock:The Rise Of "The 13 EMA System"This system is something
i did not think I would develop
-
so successfully..
right now am still watching it..
and so after about a week or 2
-
Am going to come back and review this trading
journal of ideas to check
to see if it will perform well
-
But for now, I must honestly say
It is something that am honestly
looking forward to.
-
These past few days I kept thinking
about how I could make money from
trading.
-
Last night before hitting the bed
I thought to myself,
"I need to make that one big score"
-
and i think this system will be that
big score for me. But again I need to give it at least
2 weeks.. Join me on the journey..
-
Notice that the MACD Histogram is red?
This shows you that the price of
-
this stock NYSE:V is undervalued
which means it's cheap
-
relative to price history,
and could be a good buy.
-
Rocket boost this content to learn more..
-
Disclaimer: Trading is risky you will lose money
whether you like it or not please learn risk management and
profit taking strategies.
Why is BNB coin Trending In 3 Days?Honestly i thought the dollar was going to rise..
but from the look of things it will down trend up
until December..
-
Yesterday I stood outside in the hot sunlight
under a Jacaranda Tree thinking,
about why am not calling for help or assistance
-
I pray for help most of the times, but this time
I was in silence, maybe it was a silent prayer.
-
The economy is in a state of a major shock!
and the stock market needs help.
That is why the US central bank is dropping rates
-
To create money that will incentivise
business development, economic growth,
and society living.
-
Now is this the best solution for everybody?
Maybe not.As an individual
looking to the government to help you
-
can be a solution.
But as for me I look to Bitcoin COINBASE:BTCUSD
as an insurance against inflation
-
In this case, we are looking at another
alternative currency to Bitcoin
Called Binance coin. BINANCE:BNBUSDT
-
Using the stochastic RSI
you can see that this asset is in
a form of a breakout session.
-
Meaning its a good buy even though its overbought
-
In order to learn more rocket boost this content.
-
Disclaimer: Trading is risky, please learn risk management
and profit-taking strategies.
CFX is readyAfter an 80% correction from $0.55 this year, CFX seems to have found its lowest price of the year at $0.125. With Bitcoin's positive price movement, CFX looks to provide positive price movement. The signs are that the price action crossed the 21 SMA (weekly chart), and the RSI reversed and crossed the 50 boundaries.
CFX's target is to make a higher high after $0.55. But before that, CFX must be able to cross the $0.23 price because there is a potential supply in that area.
ATR will Rise soonATR index shows that it is in a very strong support zone and within the next few days we will most likely see a strong growth of this index. Therefore, since the price chart of Bitcoin is also in the sensitive resistance zone, the breaking of the resistance zone or the return of the price will be a serious move.
Currys PLC** investment opportunity **
On the above 12 day chart price action has corrected 90% since 2016. An excellent long opportunity. Why?
1) Price action and RSI resistance breakouts.
2) Price action on macro support and resistance.
3) Strong bullish divergence as measured over..
4) Some other stuff, will say elsewhere.
Is it possible price action falls further? Sure.
Is it probable? no
Ww
Type: Investment
Risk: <=6% of portfolio
Timeframe: Be long before the summer turns to Autumn
Return: Will say elsewhere
Stop loss: Will say elsewhere
Symmetrical Triangle Formation in CAMS – Awaiting BreakoutOverview:
CAMS is currently forming a symmetrical triangle on the daily chart, a classic continuation pattern. This pattern typically indicates a period of consolidation before the next significant move, and given the stock’s strong previous uptrend, there is a potential for an upward breakout. However, the symmetrical triangle is neutral until confirmed, so both bullish and bearish breakouts are possible.
Pattern Breakdown:
The triangle is defined by point A (around 4900 INR), where the stock reached a high, and point B (around 3850 INR), marking the recent low. The price has been forming lower highs C (around 4600 INR) and higher lows D (around 4200 INR) as it tightens into the apex.
This contraction in price is a sign that the market is undecided, but once it breaks out of the triangle, a directional move is expected.
Key Observations:
RSI Oscillator:
The RSI, set to a period of 14, is hovering around the neutral zone (~50). This shows that the stock isn’t currently overbought or oversold. A move above 70 or below 30 could signal a strong trend in the direction of the breakout.
Volume Decline:
As the triangle develops, volume has been tapering off, a typical characteristic of consolidation. A significant volume spike will be key in confirming the breakout direction.
Breakout Levels:
Upside Breakout: A break above point C (around 4,600 INR) could trigger a bullish continuation, given the previous uptrend. Traders should wait for confirmation via price action and volume.
Downside Breakout: A breakdown below point D (around 4,200 INR) could signal a bearish reversal, especially if accompanied by increased volume.
Final Thoughts:
Symmetrical triangles can break in either direction, so it's crucial to wait for confirmation. Given the prior bullish trend in CAMS, there's a greater probability for an upward breakout, but the possibility of a downside move can’t be ruled out. Patience is key—monitor the volume and price action carefully for a strong breakout signal.
Disclaimer :
This is for educational purpose only. I am not SEBI registered advisor. Take advice from financial advisor before investing.
Two weeks up, two days unwound: Bearish crude oil setupCrude oil is one of the few commodities that hasn’t participated in the broader rally this week, weighed down by a report on Thursday that Saudi Arabia will sacrifice higher prices to protect market share.
Even before the report dropped there were signals crude was staring at downside, with a key reversal on Wednesday setting the tone. The gains crude took weeks to achieve have been unwound in two sessions, suggesting it’s far easier to sell rallies that buy dips in this environment. That view is reinforced by the uptrend break in RSI (14), a bearish signal on momentum that looks like it’s about to be confirmed by MACD.
Thursday’s rout sent WTI through $67.65, a level that has acted as something of a pivot point for prices recently. Given its proximity, it creates a level to build bearish setups around.
You could sell around these levels, but my preference would be to wait to see whether the price can take out Thursdays low of $67 first. You could then set a tight stop above $67.65 for protection. On the downside, $64.10 would be an obvious target.
While the price and momentum signals are undeniably bearish, being close to quarter-end and with ample optimism out there about the global economy given China’s latest stimulus measures, I’m determined to let the near-term price action to tell me what to do. If it can’t break Thursdays lows, or reverses back above $67.65 and closes there, it would question the near-term bearish bias.
Good luck!
DS
Platinum: Little Consolidation (Wave 4); Golden RatioWe can see a very well defined cycle, and wave 1 to 3 already created.
This new cycle could be a consolidation, the price can drop to 14,6% or 23,6% level.
Or even in the middle between 38,2% and 23,6%, where other wicks has already touched, creating a support, where can also occur the last candle of Wave 4.
Open interest in NYMEX:PL1! is falling and the major trend rising, it can occur a reverse, and this reverse will be the Wave 4.
RSI left the Overbought level, followed by a failure swing, resulting in continued decline of the indicator.
After the peak $1,016.45, ADX is losing strength while DMI+ has a high probability of changing position with DMI-.
CHINA GOING FOR IT! Until Christmas? #BlowoffTop and Recession!Breakout and retest for RSI, China breakingout after 6 long years.
This will have implications on every market, they were waiting for the FED to pull the trigger and now they can go. Game on!
#JD is going, Commoditties will go for it, except #oil maybe.
But more important, #Bitcoin will have the #BLOWOFFTOP I was looking for.
That´s the News GOODS...
The BAD News is, Recession or Crisis after it. December or March 25´as late.
Why I Think USDCAD Will Continue To Sell This WeekHey Rich Friends,
I hope all is well. I think UC will continue to be bearish this week and here is what I am looking at:
- The market has already created and rejected a new swing high at 1.36475. This is a bearish confirmation for me
- Structure has been broken on the downside, confirming a bearish trend
- The 10 EMA (purple) has crossed about the 3 EMA (blue). This is a bearish confirmation for me
- The Stoch is facing down, the slow line (orange) is above the fast line (blue) and both lines are below 50, preparing to cross below 20. These are bearish confirmations for me
I will be using previous lows as potential TPs and previous high for my SL.
I hope this makes sense and helps someone! Great luck if you decide to take this idea.
Peace and Profits,
Cha