No more Charge to drive in Latitude mode..!Lowest Volatility since November 2020:
Lowest Average trading value (price* volume) since November 2020:
This is the first time since November 2020, Tesla's weekly trading value drops below 50 Billion/week!
In the past 4 rallies followed by consolidation, patterns lead to price decline..!
Tesla is neutral unless breaking out of the sideway with price*volume above average!
A few words for investors who still believe in the crazy targets of 7000 in longterm:
In the first week of January 2021, tesla price volume was 222 Billion dollars, this week this number decreased to 48 billion dollars and in 3 hours market will be closed!
This is a 78.4% decrease in 8 months..! which means your dreams are less likely to becomes true..!
Moshkelgosha
Tesla Weekly and Monthly chart..!What is the bullish sign in the longer timeframes?
I do not see any..!
Tesla has lost its momentum in early 2021, and you see it trading 80% (price*volume) below its hottest days..!
Making the second Lower high in the weekly chart convinced me that in the next 1-2 months we will approach 540level once again..!
the question is are we going to see a lower low or not???
Today or Tomorrow is the last day of WSB play???based on my calculations Today or tomorrow could be the last day of WSB play on Pfizer!
The pattern of their money injection and parabola making shows it is near to its end!
Currently, PFE is ranked 10th on their mentioned list, it was among the top 5 in previous weeks!
Confirmed Hanging Man in S&P 500..!The Hanging Man Explained
The hanging man occurs when two main criteria are present:
The asset has been in an uptrend.
The candle has a small real body (distance between open and close) and a long lower shadow. There is little to no upper shadow.
Trading the Hanging Man
The hanging man patterns that have above-average volume, long lower shadows, and are followed by a selling day have the best chance of resulting in the price moving lower. Therefore, it follows that these are ideal patterns to trade off of.
Upon seeing such a pattern, consider initiating a short trade near the close of the down day following the hanging man. A more aggressive strategy is to take a trade near the closing price of the hanging man or near the open of the next candle. Place a stop-loss order above the high of the hanging man candle. The following chart shows the possible entries, as well as the stop-loss location.
Reference article:
www.investopedia.com
Are we in Post Melt-Up phaseMy answer to this question is Yes..!
It is highly likely that we were experienced the Melt-up in Small caps between March 2020 and February 2021 in the small caps!
The sharpest move (+144% in 12 months) in the past 23 years!
What Is a Melt-Up?
A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly by a stampede of investors who don't want to miss out on its rise, rather than by fundamental improvements in the economy.
Gains that a melt-up creates are considered to be unreliable indications of the direction the market is ultimately headed. Melt-ups often precede meltdowns.
What is the Price Rate Of Change (ROC) Indicator
The Price Rate of Change (ROC) is a momentum-based technical indicator that measures the percentage change in price between the current price and the price a certain number of periods ago. The ROC indicator is plotted against zero, with the indicator moving upwards into positive territory if price changes are to the upside, and moving into negative territory if price changes are to the downside.
The indicator can be used to spot divergences, overbought and oversold conditions, and centerline crossovers.
The Price Rate of Change (ROC) oscillator is an unbounded momentum indicator used in the technical analysis set against a zero-level midpoint.
A rising ROC above zero typically confirms an uptrend while a falling ROC below zero indicates a downtrend.
When the price is consolidating, the ROC will hover near zero. In this case, it is important traders watch the overall price trend since the ROC will provide little insight except for confirming the consolidation.
Daily Charts in the past 7 months: Pure sideway!
Weekly Chart:
Monthly Chart:
Conclusion:
If you have small caps in your portfolio, define your emergency exit plan..! It will be needed soon!
Reference Article:
www.investopedia.com
www.investopedia.com
Classic Double TopWhat Is a Double Top?
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
What Does A Double Top Tell You?
A double top signals a medium or long-term trend change in an asset class.
A double top is a bearish technical reversal pattern.
It is not as easy to spot as one would think because there needs to be a confirmation with a break below support.
Next Support levels will be
270
261
247
Reference Article:
www.investopedia.com
No one buys ARKK tales anymore..!1000% gain in the past 5 years! (Feb 2016-Feb 2021)
The monthly Price volume decreased 62% between March and July 2021.
ARKK builds bearish patterns in higher (weekly and monthly timeframe) and YTD performance is negative (-6.45%)..! This happened while all major indexes were positive!
A non-random walk hypothesis
Martin Weber, a leading researcher in behavioral finance, has performed many tests and studies on finding trends in the stock market. In one of his key studies, he observed the stock market for ten years. Throughout that period, he looked at the market prices for noticeable trends and found that stocks with high price increases in the first five years tended to become under-performers in the following five years. Weber and other believers in the non-random walk hypothesis cite this as a key contributor and contradictor to the random walk hypothesis.
Falsehood always preferred the tale to the truth— Sir Winston Churchill.
Reference Article:
www.jstor.org
Best performer among Trillion dollars companiesIn the past trading year, google gained +80% and +56% in 2021 made Google the 3rd biggest company after Apple and Microsoft..!
But now, alarming sign in the chart!
Penetrating the bullish trend line..!
Closing below 2700 in the daily chart makes more corrections inevitable!
Spinning Top just below the Major Resistance!A spinning top is a candlestick pattern that has a short real body that's vertically centered between long upper and lower shadows.
The real body should be small, showing little difference between the open and close prices.
Since buyers and sellers both pushed the price, but couldn't maintain it, the pattern shows indecision and that more sideways movement could follow.
What Does a Spinning Top Tell You?
Spinning tops are a sign of indecision in the asset; the long upper and lower shadows indicate there wasn't a meaningful change in price between the open and close. The bulls sent the price sharply higher and the bears sent the price sharply lower, but in the end, the price closed near where it opened. This indecision can signal more sideways movement, especially if the spinning top occurs within an established range. It can also signal a possible price reversal if it occurs following a price advance or decline.
Sometimes spinning tops may signal a significant trend change. A spinning top that occurs at the top of an uptrend could be a sign that bulls are losing their control and the trend may reverse. Similarly, a spinning top at the bottom of a downtrend could signal that bears are losing control and bulls may take the reins.
IMO: waiting is the best strategy at this moment, Stop loss at 2 is the safest bet I could offer to those who have it..!
Reference Article:
www.investopedia.com
They Always Dump it before they pump it..! On August 4th, 2021 I published a post that micron technology could be the next WSB's Play..!
Today it is ranked 12th on their mentioned tickers! and I believe it will be the next AMD or MRNA..!
This is their famous pattern of dumping, they do it so fast to wash out everyone and then play the way they want..!
Soros is known as "The Man Who Broke the Bank of England" because of his short sale of US$10 billion worth of pounds sterling, which made him a profit of $1 billion during the 1992 Black Wednesday UK currency crisis. Based on his early studies of philosophy, Soros formulated the General Theory of Reflexivity for capital markets, which he says renders a clear picture of asset bubbles and fundamental/market value of securities, as well as value discrepancies used for shorting and swapping stocks.
What Is Reflexivity?
Reflexivity in economics is the theory that a feedback loop exists in which investors' perceptions affect economic fundamentals, which in turn changes investor perception. The theory of reflexivity has its roots in sociology, but in the world of economics and finance, its primary proponent is George Soros. Soros believes that reflexivity disproves much of mainstream economic theory and should become a major focus of economic research, and even makes grandiose claims that it "gives rise to a new morality as well as a new epistemology."
Understanding Reflexivity
The reflexivity theory states that investors don't base their decisions on reality, but rather on their perceptions of reality instead. The actions that result from these perceptions have an impact on reality, or fundamentals, which then affects investors' perceptions and thus prices. The process is self-reinforcing and tends toward disequilibrium, causing prices to become increasingly detached from reality.
Soros’s theory of reflexivity runs counter to the concepts of economic equilibrium, rational expectations, and the efficient market hypothesis. In mainstream economic theory, equilibrium prices are implied by the real economic fundamentals that determine supply and demand. Changes in economic fundamentals, such as consumer preferences and real resource scarcity, will induce market participants to bid prices up or down based on their more or less rational expectations of what economic fundamentals imply about future prices. This process includes both positive and negative feedback between prices and expectations regarding economic fundamentals, which balance each other out at a new equilibrium price. In the absence of major obstacles to communicating information regarding economic fundamentals and engaging in transactions at mutually agreed prices, this price process will tend to keep the market moving quickly and efficiently toward equilibrium.
As evidence for his theory, Soros points to the boom-bust cycle and various episodes of price bubbles followed by price crashes, when it is widely believed that prices deviate strongly from the equilibrium values implied by economic fundamentals. He often makes reference to the use of leverage and the availability of credit in initiating the process and the role of floating currency exchange rates in these episodes.
At this point, I am +99% confident that Wall Street Bets (WSB) is run by the reflexivity theory. the question is :
What is the role of "The Godfather of Color revolutions " in WSB moves?
What was his Role in Marijuana legalization and how much did he made in the Weed stocks Bubble???
To be continued..!
Reference Article:
www.investopedia.com
What are the bullish evidence in Palantir chart???1- Closing above resistance level (Flat Top)
2- Increase +70% in trading value in comparison to average weekly trade, and +50% in comparison to monthly trade.
3- Crossing above 20 days EMA.
4- Long bullish candle that covers the buddy of the last 14 candles!
5- Closing above 20 EMA weekly ..!!!
* this is not on the chart but It is ranked 4th on WSB mentions today with 600% increase!
Please review my last 3 analysis on Palantir:
June 29th, 2021
keep it on your short watch list!
Trading volume Decreased from 140 M to 42 M, which means there is no buyer for Palantir at this level!
Wait for a clear short entry!
July 16, 2021:
Sensitive level of 21.50
21.50 is the most important level for Palantir to trade. In most cases, it has experienced a 12-27% bounce.
This is not a long-term trade setup!
August 5th, 2021:
Correction seems finished..!
A classic Tipple BottomEntry: 225-235
Stop loss: 213
Reward/Risk:3-7
Target range: 255-300-325
Time Frame: 2-4 wks
Possible gain: 30%
Possible loss: 7.5-10%
Let's review my post about NASDAQ:COIN
1- April 13, 2021:
Should I buy Coinbase tomorrow?
2- April 14, 2021
It is time to check the fact, and analyst abilities..!
3- April 20, 2021
how deep Could Coinbase go?
4- April 22, 2021
Time proves how accurate is the analysis!
5- May 6, 2021
A None Random Walk Down Wall Street..!
6- June 3, 2021
WallStreetBets and ARK invest use the same PUMP???
I trade the opportunities market offers to me..!
The last 20 MonthsThis is just a comparison from timeframes between the last 17 months rally and the 17 months rally from Oct 1998 to March 2000 that caused the .com Bubble..!
In 1998, NASDAQ experienced a -28.5% correction and then rallied 353% in 17 months..!
In 2020, NASDAQ experienced a -30% correction and then rallied 124% in 17 months..!
Chamath Just turn the pump on..!Feb 5th, 2021:
Chamath Palihapitiya-backed Clover Health Investments said Friday it received a notice of investigation from the Securities and Exchange Commission and that it intends to cooperate.
Clover, however, pushed back against a critical report from short-selling specialist Hindenburg Research, saying some claims in the report were “completely untrue.”
On Thursday, Hindenburg published a scathing report that called Clover Health a “broken business,” sending the insurance firm’s shares down more than 12%, their biggest daily percentage drop in four months. Shares of Clover rose more than 3.5% in premarket trading Friday after the company published its response. Hindenburg, which has a history of publishing short-selling research, said Thursday it does not hold a position in Clover.
Clover is ranked 5 at WSB..!
This time I developed my method to recognize their moves at the earliest stage..!
Even before it starts..!
Reference Article:
www.cnbc.com