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NVDA: Doing as we planned! How to proceed from here?Hello traders and investors! Since my last update, NVDA is doing exactly as expected. Let’s see what to expect from here. First, in the 1h chart, NVDA broke our line at $ 182.90, and it kept going up, as the momentum was clearly bullish. Since then, it seems NVDA lost its strength, but as long as we stay above the $ 182, it won’t reverse and turn bearish again. The 21 ema is flat, and this means congestion. In my view, this is a sideways correction, before it resumes the next bullish leg, but the confirmation would only come after the breakout of the $ 196 area (upper black line). In the daily chart, we are still bullish, as NVDA is above the 21 ema (which is ascending now), and we are above the $ 182. In the daily chart, we understand better why this purple line is so important. The $ 182 worked as a support and resistance multiple times since April. Clearly, this is an important price level. In addition to this, it was the break point of this Double Bottom chart pattern, a reversal pattern. I mentioned this pattern in my last analysis, and the link to it is below this post, as usual. The $ 204 is the first resistance to work with. I still believe we’ll fill all the previous gaps and hit the $ 258 again, but this is going to take a while. For now, let’s pay attention to the $ 182 area (the most important key point) and the $ 196 resistance. I’ll keep you guys updated, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
3
SPX: Just wait for a BREAKOUT - We are still in a congestion!Hello traders and investors! Let’s see how the SPX is doing today! Yes, we are still in a congestion, in the 1h chart, trading between the resistance at 4,168 and the support at 4,073. The 21 ema is flat, another indicator of congestion. Since the previous bias was bullish, the odds are that it’ll continue the bullish momentum, but it must confirm by breaking the 4,168, and in this case, the target is the 4,300. Only if we lose the 4,073 the bullish structure will be frustrated. I added a new pattern in the daily chart, a Flag pattern (purple lines), which is a continuation pattern (most of the time). The key points for this Flag are the same I mentioned in the 1h chart. The index is still above its 21 ema as well, which is pointing upwards right now. The 4,090 was the trigger point of a Double Bottom chart pattern, another reversal pattern. All these structures indicate that the index is in bullish territory, and it’ll remain bullish until it loses its supports or does a clear technical bearish reversal pattern (which we don’t see at the moment). For now, the situation is under control. I’ll keep you guys updated on this every day, so remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
AMD: You should pay attention to these KEY POINTS!Hello traders and investors! My last analysis on AMD was on April 27, but my previous reading was very accurate, as it respected our key points very well (link to my previous analysis below this post, as usual). Now, we must update a few things. First, in the 1h chart, AMD reversed the trend, as we expected, and even when the volatility increased, it couldn’t lose the blue line at $ 84.24, which was our most important support level (the daily chart will show it better). Now it seems AMD is doing a pullback to the previous support level around $ 104, which worked as a resistance two times recently, and now it is working as a support. This is the Principle of Polarity in Technical Analysis. Only if it loses this support we would see AMD dropping more. The next support is the black line at $ 99, which is an interesting point that we’ll talk about later. For now, all we can assume is that since it is a bull trend, AMD will seek higher levels, even considering it’ll do pullbacks along the way. Remember: Trends persist until a clear reversal occurs (Dow Theory). Remember the $ 84.24, the most important support? Here we see that AMD did a Double Bottom chart pattern just above this price level. In addition to this, if you zoom out, you’ll realize that this support dates back to July 2021. In order to trigger a long-term bear market on AMD, we must lose this line, and this won’t be easy. For now, AMD is clearly bullish, doing higher highs/lows, heading to the target I mentioned in ym last analysis, when we were below $ 90: The Gap at $ 118. Meanwhile, pullbacks are acceptable, and would be just opportunities to buy. The 21 ema is a good support level to work with in the daily chart, and coincidence or not, it is at $ 99 right now (remember the black line I mentioned in the 1h chart?). Let’s keep our eyes open, as AMD is near its key points right now. Maybe it’ll give another buy soon, if it reacts near any of its support levels. What could ruin the bullish bias? If it does a clear reversal sign, and if it loses its 21 ema in the daily chart. I’ll keep you guys updated, so, remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
6
SPX: Still bullish (despite the drop)! What's next?Hello traders and investors! Let’s see how the index is doing today! As we expected, it is doing exactly what it should do, as it corrected, but didn’t lose the support at 4,073, and now it is trying to react. We discussed this possibility yesterday, and the link to my last analysis is below this post, as usual. In the 1h chart, the 21 ema is flat, and it seems the index is just inside a range, between the 4,073 and the 4,168, which seems to be the most important resistance to break. In the daily chart, we see that the SPX is reacting just above the dual-support area at the red line (4,090) and the 21 ema. This reinforces a bullish scenario, and as long as the index stays above this support area, the odds are that it’ll remain bullish, and seek the next resistances. Only if we lose this dual-support we would see a bearish reversal. The next resistance is the 4,300, and today’s reaction is quite good, so far, but it must break the 4,168 in order to confirm the continuation of the bull trend seen in both, 1h and D charts. I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with analyses!
SP:SPX
by Nathan_The_Finance_Hydra
7
AAPL: Hit our target! How to proceed?Hello traders and investors! Yes, AAPL did exactly as we expected in our last analysis, but it is time to update some key points. As we expected, AAPL reversed the trend on May 23, it hit our target, and now it seems it is getting weaker again. The link to my previous analysis is below this post, as usual. Now that the trend is weaker, AAPL could easily drop to fill the last gap at $ 144 area, but it must not lose this point, otherwise, it’ll ruin the bullish structure. Today, it seems the 21 ema is working as a short-term resistance. The $ 151 is the pivot point AAPL needs to break to confirm a continuation of this trend in the 1h chart. In the daily chart, AAPL is still bearish. Yes, it bounced nicely to our target, but it is trading under its 21 ema again, and we don’t see any clear bullish candlestick pattern. Despite the recent correction, AAPL did trigger a Double Bottom chart pattern, as we mentioned in my last study, and this is a reversal structure that could take AAPL to the $ 174 again, filling the previous gap in the daily chart. Remember: AAPL always fills the gaps that appear above the price. To me, if AAPL breaks again its 21 ema in the daily chart, it’ll become bullish again, and the Double bottom will work as a reversal as expected. For now, we must keep our eyes on the support at $ 144 area. Therefore, I’m neutral on it, as there are many other stocks that look much more appealing than AAPL. Either way, I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
SPX: It is not breaking our RESISTANCE! How to proceed?Hello traders and investors! Everything is going according to the plan here, and the index is struggling at our resistance around 4,168. Let’s see what to expect from here. First, the index did exactly what we expected in our last analysis, as it broke the green line at 4,128, and it is seeking its next resistances. The 4,168 is working well for now, and it seems it won't be easy to break it. The link to my previous analysis is below this post, as always. Now is the third time the index is struggling at this resistance. Since it is in a bull trend in the 1h chart, as it is doing higher highs/lows, any correction up to the red line at $ 4,073 should be considered an opportunity to buy. However, we must not lose the red line, otherwise, this would ruin the bullish structure. In the daily chart, the index is still trading above its 21 ema, and above the 4,090 (the trigger point of this Double Bottom chart pattern), meaning, it is still bullish in the daily chart too. As long as we stay above our support levels, the 4,300 is the next resistance to aim for. The index just started its reversal, so the situation is still delicate. The volume is still lower than usual, and this is annoying. Nevertheless, for now, everything is going according to the plan. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
MONDAY OVERVIEW - Long term and intraday setups on SPX500 and EUHi Traders, This is my view for this week on: - SPX500 - NAS100 - DAX - EURUSD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Pit DISCLAIMER: Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
Long
by kitchen_trading
How to analyze a counter-trend trade Do you know if you are a counter-trend trader and if it fits your trading style? We will need to analyze what a counter-trend trader is appropriate to answer these questions. Counter - to move against Trend - the latest direction in which something is moving Trade - to exchange If you put all of these terms together, a counter-trend trade is an exchange that goes against the direction. Let's take into account EURCAD. On the daily timeframe, the price in April was bearish. You can see the visual evidence based on the daily lower lows and lower highs that formed. On May 10, 2022, the buyers pushed the price up past the last lower high at 1.37599, representing the previous highest exchange rate price sellers sold, causing the price to decline again to new lows at 1.33903. This signals a reversal in price. Here is the true question: Would it be wise to become the buyer, and what would that look like? It is wise, but you'd have to understand which market cycle you'd be trading in. There are three market cycles. 1. Trend continuation (a.k.a impulse) 2. Retracement (a.k.a the correction or counter-trend or pullback) 3. Reversal When the price passed 1.37599 to make new highs at 1.37695, that signaled a reversal. It would have been wise to wait for a pullback before buying back up to ensure a better risk to reward. If this trade were taken above 1.33903 back up to the new highs, you would have had a decent risk to reward. But, what about now. Could the same results be produced? Let's go deeper. Does this qualify as a counter-trend trade? If you scale up to the higher timeframe, you will see the weekly timeframe is in a downtrend. It is making lower lows and lower highs. So any buy you enter on the lower timeframe at this point will be categorized as a counter-trend trade. Here is what this means: 1. Do not expect to hold counter-trend trades as long as you would a trend trade. Choosing which timeframes you enter counter-trend trades will help determine where you take profits, and your rules should play a big part in this. 2. Sometimes, you won't know if you're entering a counter-trend trade unless you become aware of which cycle you are trading. If it's not clear, try going up one timeframe. As far as this potential trade here goes, this would be considered a daily timeframe counter-trend trade because the weekly is in a strong downtrend. Something to remember: The best traders go with the trend. They may counter-trend trade occasionally, but their systems work best when they trend trade. When choosing if you are the counter-trend trader, make sure your timeframes align, and you have sufficient visual evidence you are trading with the trend before entering a counter-trend trade. Also, consider lowering your risk so you do not give back profits you may have just earned. Lastly, consider if counter-trend trading may not be your thing. It's ok if it's not. Not all great traders trade the same. It's ok to be in your lane. I pray this quick analysis and note were helpful. I'd love to converse with you if you have any questions or thoughts. So comment below, and let's chat there. -Shaquan
by ShaquanLopez
1
SPX: Key supports and next TARGETS!Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, it is doing as we expected in our last analysis (link below this post, as usual), as did a pullback to the 21 ema, and now it is just dancing around it, moving erratically. Now we must keep our eyes open, and watch closely the next key points. It seems the SPX is just doing a sideways correction around the 21 ema, with the support at 4,073 (red line), and a resistance at 4,128 (green line). By losing the red line, the next targets will be the next supports, namely the 4,050 and the last one at 3,979. On the other hand, if we break the green line, the bull trend will resume in the 1h chart, and we would seek higher resistances, probably above the 4,168. We must look at the daily chart from now on. The index is in the early stages of a reversal, as we just triggered a Double Bottom, and we are finally trading above the 21 ema again, at least consistently. So far, the ema and the 4,090 are working as support levels. In a bullish scenario, the 4,300 is our next target (as I already pointed out in my last analysis). However, the optimal target for this Double Bottom chart pattern would be the 4,500, but it would probably take a while to get there. For now, let’s watch the support levels, namely the 4,073 (1h), and the 21 ema / 4,090 (D). The resistance we must break in order to resume the bull trend is the 4,128 (1h). I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
RIVN: Doing its first BULLISH STRUCTURE ever!Hello traders and investors! Let’s see how RIVN is doing today! For the first time, RIVN is doing a clear bullish structure, and this could indicate a reversal ahead. In the daily chart, we see that for the first time ever, RIVN has a clear bullish structure, as it just did a higher high/low, and triggered a pivot point. In addition, it is trying to leave the 21 ema behind again (it tried to do that in the past, but with the lack of bullish structure, it failed miserably). Keep in mind that this is the early stage of a reversal, and the situation is still risky. Another key point we must pay attention is the red line at $ 33.46. This point worked as a support and resistance in the past, and could work as a resistance again. In the end, RIVN must break this point to confirm a reversal, and not lose it again. By breaking this line, RIVN could do a pullback to its 21 ema in the weekly chart, at least, near the $ 50 (the 21 ema is descending, so it’ll be lower in the next weeks, keep that in mind). Either way, we have a lot of upside potential in the mid-term. This is not a long-term reversal yet, as the trend is clearly bearish on RIVN since its IPO in November. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:RIVN
by Nathan_The_Finance_Hydra
2
SPX: Hit our target! What's next?Hello traders and investors! We nailed another target on the index, but it seems it wants to do a top sign now. The link to my previous analysis is below this post, as usual. Let’s see what’s going on. First, in the 1h chart, it broke our target at 4,096, and it is trading above this resistance. Since it is a bull trend in the 1h chart, any pullback to the 4,096 or even to the 21 ema should be considered just a pullback. The next resistance is at 4,300. Yes, the index is trying to give us some top signs, but it is too soon to tell if it’ll correct or not, as we don’t see a clear bearish structure yet. Let’ see the daily chart now. Yes, we broke the red line at 4,090, triggering a Double Bottom chart pattern in the daily chart. Despite the correction today, we are still above this line, and above the 21 ema, indicating that this is a reversal, indeed. The only problem with this is the low volume, but as long as the index stays above its support levels, the situation will remain under control. Everything is ok for now, and I’ll keep you updated every day on this, so remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
4
NVDA: Bullish thesis with 40% upside potential (complete MTFA)!Hello traders and investors! Let’s see how NVDA is doing today! To me, NVDA is one of the stocks with the highest potential, if everything works out, of course. Let’s do a complete Multiple Time Frame Analysis (MTFA) on it today. First, in the 1h chart, it finally broke the $ 168 area (black line), which was a support and resistance multiple times in the past. By breaking this line, and by leaving the 21 ema behind, NVDA triggers a short-term reversal, at least to the $ 182, which is the single most important key point on NVDA to me. Let’s see the daily chart now: The trend didn’t reverse here yet, but given how the 1h chart looks, it could reverse soon. First, we would need to break the 21 ema, and second and most important, the $ 182 area. By breaking the $ 182, NVDA will trigger a Double Bottom chart pattern, a bullish reversal chart pattern in the daily chart. What’s more, the $ 182 was a support level in April. And it is working as a resistance for NVDA right now in May. The fact the polarity changed at this price level indicates that it is an important key point, indeed. If NVDA triggers this pattern, it has an immediate target at $ 204, but I see NVDA filling the last two gaps in the long-term. Meaning, it could hit the $ 258 in the next few months – roughly 40% upside. This is why NVDA is one of the most promising stocks I see around. So far, NVDA always filled the gaps that appeared above the price (when it gaps down), so historically/statistically speaking, you could build a bullish thesis on this fact alone, with a high probability of success - however, only TA can help us with our timing. In the weekly chart, this reaction is occurring at a very interesting support level, which is April 2021 top. This could confirm a bottom for NVDA in the long-term, which reinforces our bullish thesis. This reaction on NVDA looks great, and we see a confluence on multiple time frames indicating a possible reversal. For now, let’s just pay attention to the $ 182 area, as this is the key point for us. I’ll keep you guys updated on this, so, remember to follow me to keep in touch with my future analyses! * This is my personal view, based on technical analysis, price action, statistical analysis and historical data. Not investment advice.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
13
AMZN: A $ 500 REVERSAL ahead? Let's see.Hello traders and investors! Let’s see how AMZN is doing today! Like many other stocks, AMZN is trying to reverse. After finding a bottom around the $ 2,048 (blue line), AMZN bounced and it dropped again to this line, making this a possible Double Bottom chart pattern. This is a powerful reversal pattern, and usually it works very well, when triggered. In this case, AMZN must break the $ 2,316 (red line) in order to trigger the reversal pattern. The red line is the last resistance, and it is quite close to the 21 ema, which is another technical resistance that AMZN must break, otherwise, the bear trend will just persist. If AMZN triggers a reversal, we have two possible targets to work with, in the mid-term. First would be the $ 2,707 area, which was a previous support level, and it could be a resistance in the future, according to the Principle of Polarity. Second, and my favorite one, is the gap at $ 2,806, which I do believe will be filled, eventually. In the weekly chart, we see that the possible Double Bottom chart pattern in the daily chart couldn’t have a better timing. AMZN just hit a very curious technical support level, which is the February 2020 top level, before the crash. In addition to this, AMZN is reacting nicely. So far, we see two Hammers candlestick patterns, with long shadows under the candlestick’s bodies, indicating some strength in this area. For now, let’s wait for a clear reversal, as AMZN could fly roughly $ 500 (or 20%) if we do trigger the reversal we want. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
24
SPX: Triggered a REVERSAL! What's the TARGET?Hello traders and investors! Let’s see how the SPX is doing today! It is doing exactly what we were waiting for since my last post (link below). Yesterday we triggered the reversal pattern we’ve been waiting for, by breaking the 3,979, now we are just seeking our next target at the 4,090 area, and the gap around 4,075 will probably help us here. Remember, gaps work as magnets. Since it is a bull trend in the short-term, any pullback to the 21 ema or to the 3,979 again would be just an opportunity to buy. However, if it drops too much and loses the 3,900 it might ruin the bullish structure. Lets see how the daily chart is doing: In the daily chart, we broke the purple trend line we’ve been mentioning, and as we discussed in our previous analyses, by breaking this line, the index is putting an end to the bearish bias in the daily chart. However, unlike in the 1h chart, the trend is not bullish yet! In order to do a clear reversal, the index must break the 21 ema, and most important of all, break the 4,090 (red line). This will trigger a mid-term reversal pattern called Double Bottom chart pattern that could lead us to the 4,500 again. As usual, there's a problem. I would just like to see a higher volume. This is not enough to ruin our bullish thesis, but it is something to keep in mind. The index is finally bullish in the 1h chart, and this may trigger a reversal in the daily chart as well. Our next target is 4,090, for now. I do daily analyses on the SPX, so if you want to keep in touch with my thoughts, just remember to follow me to not miss any of my future analyses.
SP:SPX
by Nathan_The_Finance_Hydra
9
SPX: Almost REVERSING! Watch these key points for now!Hello traders and investors! Let’s see how the SPX is doing today! Again, the 3,979 worked as a resistance, and this is not a surprise at all. We've been talking about the 3,979 since last week, and we know that as long as the index stays under this price, it can’t do a decent reversal. The link to my previous analysis is below this post, as usual. At least, the index filled the last gap, making it an Exhaustion Gap, which is a sign of a reversal ahead, but again, in my view, we still must break the 3,979, as this will trigger a Pivot Point in the 1h chart. Another interesting thing is that we are trying to break the purple trend line in the daily chart, and this will surely put an end to the bearish bias. This alone is not enough for a bullish reversal, but by adding the other signs we have (Exhaustion Gap and possible Pivot Point in the 1h chart), we can build a nice bullish thesis. If the price finds a resistance at this purple line, and loses today’s low, we could drop again to the 3,858 (previous support). By breaking the 3,979, I see the index retesting the area around the 21 ema and the 4,090 in the daily chart, in the short-term. By breaking the 4,090, it’ll trigger a Double Bottom chart pattern in the daily chart, a mid-term reversal, that could take the SPX to the 4,500 again. I do daily analysis on the SPX, so remember to follow me to keep in touch with my insights!
SP:SPX
by Nathan_The_Finance_Hydra
4
SPX: Still BEARISH, but these patterns could REVERSE the trend!Hello traders and investors! Let’s see how the SPX is doing today! Yesterday’s reaction was quite good, but as we thought, not enough to trigger a real reversal. We pointed to the 3,979 (black line) as the main resistance to break, and not surprisingly, this point was yesterday’s high multiple times before it melted today. The link to my previous analysis is below this post, as usual. As long as the index remains under the 3,979, it won’t trigger a proper reversal sign, in the short-term. If it breaks the 3,979, it’ll probably fill the last two gaps and hit the 4,090, another important key point, as we’ll see next. In the daily chart, we are still under our purple trend line, so the trend is still bearish. If we break this line, we might see something new, but only the breakout of the 4,090 would trigger a mid-term reversal in the daily chart, as this is the breakpoint of a (possible) Double Bottom chart pattern. If the index triggers this Double Bottom, the 4,500 would be our next stop, but for now, we have many challenges to overcome: The 3,979, the purple trend line, and the 21 ema in the hourly and daily charts. Right now, I'm neutral on the index, but if it reacts properly, it could be a buy again. Only time will tell. Since we are near a support level, we must pay attention to these key points this week. I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
AAPL: About to reverse? Let's see...Hello traders and investors! Let’s see how AAPL is doing today! First, we see a very strong reaction, breaking the 21 ema along with the previous resistance at $ 140. This seems to be a V-shape recovery, just as the SPX is doing. This is a good indicator, and this could be the beginning of a reversal on AAPL, but we must see more confirmation signs around. A pullback to the 21 ema is expected, and even desirable, but if it drops too much it could ruin the bullish reaction. Personally, I see AAPL filling the last gap (yellow square) and retesting the previous resistance at $ 149, but the situation is still delicate. In the daily chart, the timing of this reaction was perfect, as we just hit the support level at $ 138. The $ 149 area we mentioned above is near the 21 ema as well, reinforcing that AAPL could easily bounce back up to this price in the next few days. If this will be a dead cat bounce or not, we’ll see when we get there. However, if we break the $ 149, AAPL would trigger a double bottom chart pattern, and this could take us to higher levels, maybe to fill the gap at $ 174 (yellow area). For now, we must wait for more signs, but this week looks promising for AAPL. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
1
SPX: What does it take to reverse? Watch these technical points!Hello traders and investors! Let’s see how the index is doing today! First, it is back to our “neutral zone”, but the reaction since the last bottom was quite strong, and we broke the 21 ema as well. Now, it seems it has only to break the resistance at the 3,979 area in order to fully reverse and enter bull territory. If it drops again, that’s expected, but if it loses the 21 ema again, it’ll lose strength, and the bullish bias will get weaker again. Either way, we don’t see a clear bullish structure in the 1h chart yet, like a bullish reversal candlestick/chart pattern (just a V-shape recovery which is taking us to the resistance at 3,979, but that doesn’t mean much). Let’s take a look at the daily chart for more clues: Unlike the 1h chart, here we see some important reaction, it is not much, but might be the beginning of a bullish movement. Last Friday we saw this Hammer candlestick pattern, closing above the previous support at 3,858 after a brief intra-day violation, aka false breakout. The size of the shadow under the candlestick’s body was impressive. Usually this indicates a lot of buy force, in an attempt to reverse, and this is our first bullish reversal sign. Today’s candlestick is bullish, which is good, but the next thing the index must do in order to reverse is to break the purple trend line. The trend will remain bearish as long as we stay under this line. If we do break it, the next resistance will be the red line at 4,090. If the index breaks the 4,090 it’ll trigger a Double Bottom chart pattern, a reversal pattern that could lead us to the 4,300, at least. This is what it takes for the index to reverse, and we must watch these key points closely from here. I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
Bitcoin Idea May (2022) Custom Heat_Mapping and Wolfe Wave - Heatmap reacts with chart- and shows- color of heatmap- within candles- I think theres a mtf and supertrend as well-- Looking for a long to go through over the next 5 days--alien spaceship--bullish trend - dump today was a huge bart pattern- -1500 dollars - rebound to where we started at the beginning of the day- hopefully we bounce back up to 32500 then 40 000 usd within the next few days- stay posted - track the chart- hit the like button and follow me if you like- always looking for new friends that trade.
COINBASE:BTCUSDLong
by mooncrest-holdings-ltd
SPX: In a neutral zone! But for how long?Hello traders and investors! Let’s see how the SPX is doing today! First, it crashed a lot yesterday, losing the 21 ema, frustrating any possible bullish reaction. Right now, we don’t see any reversal sign, and there’s nothing indicating that the index could recover from here. However, it is not all bad. If the SPX keeps dropping, we have a support at 3,858, but I’m not sure if it’ll get there, as it seems it is reacting already. Only if the index loses this support we would see a continuation of this bear trend. On the other hand, it is under its 21 ema and under the 3,979 (previous support level). As long as it stays under this price level, we can’t say the index could recover. If we see a clear bullish reversal structure around, in my view, we could break the 21 ema and bounce up to the 4,100, filling at least the two last gaps. Again, there’s nothing indicating this could help. To me, we are in a neutral zone, and there’s nothing interesting going on here. In the daily chart, we see that the index is still in a clear bear trend, near its support level, far from the 21 ema, and the volume is very low. This reinforces our idea that we are in a neutral zone, and nothing interesting will happen until it breaks either its support or resistance levels mentioned when we studied the 1h chart. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
NVDA: Complete Multiple Time Frame Analysis (H, D and W charts).Hello traders and investors! Let’s see how NVDA is doing today! In the 1h chart, NVDA is very erratic, moving sideways, and we don’t see any clear structure that could confirm a bullish or bearish trend. What’s more, it is dancing around the 21 ema (which is flat), and the volatility was quite high today, thanks to Unemployment Rate and Payroll today. We do have a open gap around the $ 200, and if it gets filled in the next few days, the market may see this as an Exhaustion Gap. The daily chart is looking better. NVDA is clearly bearish in the daily chart, as it is doing lower highs/lows, and it is under the 21 ema (which is pointing down). However, there’s a light in the end of this tunnel. In order for NVDA to reverse, it must not lose the red line at $ 182, and it must break the $ 204. This is the condition to trigger a bullish structure. If this happens, the gaps are going to be our next targets; the first one is at $ 230.62. In the weekly chart, we see that NVDA is back to July 2021 levels, after a massive sell-off. During the drop, the volume was low, while it is increasing now that we hit our support level. This is something no pay attention. We might see a positive week now, for the first time since March, 28, and this could be something good. To me, the confirmation will come when NVDA breaks the $ 204 in the daily chart, so let’s keep our eyes open. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses! Have a great weekend!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
5
SPX: Complete Analysis (H, D and W charts).Hello traders and investors! Let’s see how the SPX is doing today! Yesterday, we talked about the 4,148, and how this was our key support level for the short-term. This understanding proved correct, as the moment we lost it, the market dropped sharply, and today, we almost hit the previous support at 4,062. If you missed my previous analysis, just check the link below this post. However, the index is trying to react now. By breaking the 4,148 (and staying above this price for a while), the bearish momentum will get weaker. If it breaks the 21 ema, even better. This is not a reversal sign, but it could be in the future, as we don’t have any bullish structure in the 1h chart right now. It is interesting that the 4,148 is working as a resistance now, following the Principle of Polarity. Let’s see the daily chart: In the daily chart, the index is trying to do something positive. For the second time, we see a Hammer candlestick pattern (of course, the day is not over yet, so this pattern still could be ruined if we see a strong bearish reaction). This reaction is interesting, and it is happening just above an interesting support, which we’ll talk about when we look at the weekly chart. However, this reaction is good, but not great. I would be more optimistic if the index breaks the 4,167 again (black line). Now, let’s take a look at the weekly chart: The index is stabilizing at its support area, which is interesting. The support level the index found in the daily chart is seen in the weekly chart, which is the area around the red line at 4,059 (May 2021 bottom). Meaning, the index is trying to find a bottom at its 52-week low. We still have a possible Head & Shoulders chart pattern, which was not triggered. If this happens, the index will trigger a long-term bear trend. The only thing it could do to avoid this scenario would be reacting next week, doing a strong and positive candlestick, preferably, closing above 4,167. To sum up, the market is not looking good, neither to buy nor to sell, but it could be a buy again, if it breaks the key points mentioned in this analysis. I’m neutral on the index, but that doesn’t mean that we don’t see opportunities around. Many stocks are reacting amazingly well, but the index has yet to confirm its movements. I’ll keep you guys updated every day on this, so remember to follow me to keep in touch.
SP:SPX
by Nathan_The_Finance_Hydra
7