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AAPL: Complete Analysis (H, D and W charts)!Hello traders and investors! Let’s see how AAPL is doing today! First, in the 1h chart, it is breaking the $ 160 line, triggering a pivot point that could work as a reversal for the next few days. The 21 ema worked as a support a few times, and it just might work again, as the trend is getting bullish now. The $ 171 area seems to be the most important resistance for us, and it is a technical target as well. This movement could be ruined if we see a bearish structure and if it loses the $ 158 area, so pullbacks are expected, but it must not drop too much. Unlike the 1h chart, in the daily chart the trend is still bearish, and we don’t see any clear reversal structure. Yes, we did a Hammer pattern 2 days ago, but it wasn’t near any support level, and AAPL is not doing higher highs/lows yet. This tells me that we are in the early stages of a reversal, and it could be just too soon for us to see a clear movement in the daily chart. Nevertheless, if you ask me, AAPL is heading to the 21 ema in the daily chart now. The weekly chart reinforces the idea of a reversal, as we just hit a bottom. In the weekly chart, the situation changes, and the trend is still clearly bullish, and AAPL just did a pullback to the purple trend line, and right now, it is doing a Bullish Engulfing. If it keeps looking like this, it’ll be a classic bullish sign, reinforced by the reactions we see in the 1h and D charts. Even if AAPL corrects when it gets near the 21 ema in the daily chart, it could be the opportunity for it to trigger higher a bull trend by doing higher highs/lows (as long as it doesn’t drop too much, below the $ 155). 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: About to trigger a REVERSAL!?Hello traders and investors! Let’s see how the SPX is doing today! First, it is doing exactly what we expected it would, as it corrected in the 1h chart. It just hit its 38.2% Fibonacci’s retracement, and it is reacting now. We talked about this yesterday, in my previous analysis, and the link to it is below this post. This reinforces the reversal patterns it has been doing, and we have a new key point to watch: The 4,200 (red line). By breaking this point, the index will trigger a bullish structure (a higher high/low), and it’ll leave the 21 ema behind. This could bring the index again to the 4,299 (purple line), filling the previous gap (yellow square), and it'll be the confirmation sign we need. The index must not lose the 38.2% retracement; otherwise, it might ruin the pattern. In the daily chart, we already dropped too much, and the index triggered the Hammer candlestick pattern we talked about yesterday. What’s more, we just hit an important support level, so the timing couldn’t be better. The volatility will surely increase in the short-term, but as long as it doesn’t lose the 4,062 the index won’t resume its bearish momentum. Given the technical signs I described in this analysis, I see the index retesting its 21 ema in the daily chart in the next few days. Then we’ll see if it is a Dead Cat Bounce or not. Either way, the Risk/Reward ratio favors long trades, and I see movements like this as opportunities to buy. There are dozens of great stocks out there looking amazing. For now, let’s keep our eyes open at the key points mentioned in this post. I’ll keep you guys updated every day, so just remember to follow me to keep in touch with my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
2
NVDA: This could trigger an amazing REVERSAL!Hello traders and investors! Let’s see how NVDA is doing today! Since our last update, it dropped a lot, and it couldn’t trigger any reversal sign, but right now, there’s a light in the end of this tunnel. The indices are reacting nicely, and this will surely affect NVDA. We don’t see any clear bullish reversal sign, but we could see one if it breaks the $ 200 area (blue line). Why it is important to see NVDA breaking this line? Because we will see, for the first time since March, it is doing a higher high/low. By breaking the previous resistance, it’ll trigger a bullish structure and leave the 21 ema behind. However, we must always wait for confirmation. The resistance levels are all plotted o the chart above. To me, if NVDA triggers a reversal, it’ll seek the gap at $ 258 (red line). In the daily chart, we see how important it would be to see a reversal right now. NVDA is just at its support level around $ 195. It stabilized nicely, and the volume decreased since April 27, but the bullish days had more volume than the bearish ones (another fact that supports a powerful reversal). We can see the gap at $ 258 in the daily chart too, and it makes sense to work with this target in the mid-term as well. Yes, the $ 289 is the technical resistance, but it’ll take a while to get there. Many stocks are triggering amazing reversal patterns this week, and NVDA is an interesting play. It is not the best, but it is looking great. For now, let’s pay attention to the $ 200 area. I’ll keep you guys updated, so, remember to follow me to keep in touch with my updates.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
7
SPX: Doing a REVERSAL pattern!Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see that it is reacting nicely, after yesterday’s crash. This is a good recovery, and might be the beginning of a reversal, the problem is that we don’t see a clear bullish structure yet, and the index is still in a bear trend, doing lower highs/lows. In the 1h chart, we see no technical reversal pattern yet. I think it is good to see it breaking the 21 ema, but I would be happier to see a good chart pattern indicating a reversal. However, in the daily chart, something interesting is happening: We might not have any reversal chart pattern in the 1h chart, but we do have a reversal candlestick pattern in the daily chart. Yesterday, we had a Hammer pattern, which was triggered today. One may argue that Hammers are not that reliable, but in my experience, when this pattern appears just above a support, the chances of a reversal are greatly increased. The support level was at 4,167, and today, the index is breaking this point. If we close above it, even better. The volume looks ok, which confirms a bullish thesis. Now, we can expect the index will retest its 21 ema in the daily chart again. Even considering it could do a pullback in the 1h chart (and I prefer to see this happening), the index is giving us some interesting technical reversal signs. What could ruin this reversal? If it loses yesterday’s low. 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
5
AMD: Any chance of reversing? Let's see.Hello traders and investors! Let’s see how AMD is doing today! First, in the 1h chart, we see a strong bear trend, and there’s nothing indicating it’ll reverse. As long as we keep seeing lower highs/lows, we can’t say it is a buy. However, AMD has a few key points that if broken, it could trigger a reversal. First, we have the 21 ema, working as a resistance for the price. Second, we have the purple trend line, as AMD has been trading below it for nearly a month now. Last, we have the previous resistance at $ 91.35. Only if AMD breaks all these resistances we might say the trend will reverse in the mid-term. If AMD is about to react, the timing couldn’t be better: We just hit the support from July 2021 today (blue line). We see a bullish candlestick today, which is great, and since we are just at this support, the Risk/Reward ratio favors long trades. We are far from the 21 ema, and any reaction in the 1h chart could make it retest the ema again. If we see more confirmation signs in the daily chart, we could say AMD will fill the last gaps, and the $ 118.60 would be our target. The only problem is we have earnings in 6 days. This will increase the volatility, and could help a bullish thesis, sure, but if it backfires, the next support level is at $ 72. For now, I am neutral on AMD, and I see many other stocks that look much more interesting, but if this works out, it could be a great opportunity to trade. Now is the time to watch it closely. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
7
SPX: Complete trend analysis (H, D and W charts).Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, it lost the support level we mentioned yesterday (4,200), and it dropped a little bit more after that. However, we see some reaction right now, and if the index closes above the 4,200, the market might understand it as a false breakout from a previous support, making this a possible bear trap. This would be a good bullish sign, but we don’t see any clear bullish reversal structure yet. We are still doing lower highs/lows, and the 21 ema is pointing down, and to me, we must see more confirmation in order to call it a buy again. If the index is about to reverse, now is the best time for it: In the daily chart, we see that the index is trying to stabilize at a very important support level around the 4,167, which supported the price at least 5 times in the past. What’s more, this support level could be the neckline of a Head & Shoulders chart pattern in the weekly chart: This tells us that this the last chance the SPX will have to react, otherwise, it’ll engage a bear trend for good. It is important to notice that it is dropping in the last 4 weeks, but the volume was below the average, and this gives me the impression that the market is dropping because people are just afraid and aren’t buying, instead of actually selling (or shorting) at this level. The moment couldn’t be more complex and crucial. Regardless of what the SPX will do next, it seems we’ll have our answer soon, in the next few days. 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
3
SPX: Time to BUY the DIP? Only if it does this...Hello traders and investors! The SPX dropped sharply after it lost our support at 4,456, so we have a lot to update. First, as we already discussed in my last analysis, the 4,456 was the key point, and only by losing it, we would see a bearish reversal. I’ll leave the link to my previous analysis below this post. Now the index lost all of its support levels, and there’s nothing indicating it could reverse from here. We had a good reaction yesterday, but this is not enough, and I don’t see any clear bullish structure in the 1h chart that could convince me that the index will fly again. However, if the index reacts and breaks the 4,299, I’ll consider it a great sign, and it might be the reversal structure it needs (it must not lose the 4,200, though, otherwise, the bear trend will likely persist). Now, let’s see the daily chart: Yesterday the index did a classic Hammer candlestick pattern, a good bullish reaction, but to me, this pattern would be much more appealing if it appeared closer to the support at 4,167. Either way, it is a Hammer and the volume was above the average, indicating a possible exhaustion of the bear trend. The points mentioned in the 1h chart (resistance at 4,299 and support at 4,200) are this Hammer’s high and low. If it loses the 4,200, it’ll just resume the bear trend. However, the 4,299 is yesterday’s high, and if the index breaks this point, it’ll trigger this Hammer pattern, along with a possible bullish structure in the 1h chart (as we already mentioned), and this is the confirmation sign we need. Let’s keep our eyes open at the 4,299, as this seems to be the most important resistance on the SPX! I’ll keep you guys updated on this, so, remember to follow me to keep in touch with my daily analyses! I couldn’t update you guys last Friday and yesterday, but the link to my previous idea is in the link below.
SP:SPX
by Nathan_The_Finance_Hydra
3
AAPL: Triggered our REVERSAL sign!Hello traders and investors! Let’s see how AAPL is doing today! First, AAPL confirmed a bullish structure, and it has been doing higher highs/lows in the 1h chart. However, it just hit a possible resistance point at the $ 171 (blue line). This resistance might be enough to make AAPL correct, but as long as it doesn’t trigger any bearish structure, the short-term bullish bias will persist. I think the 21 ema is a good support level for AAPL right now. It is good to see AAPL breaking its previous resistance in the daily chart. First, we broke the 38.2% retracement, and then, the 21 ema. This reinforces our bullish thesis. As I mentioned in our last analysis, the next technical target is the next gap at $ 174 (yellow square). As long as it keeps doing higher highs/lows in the 1h chart, and stays above its 21 ema in the 1h chart, the bullish bias will persist. I also mentioned that the false breakout of the 50% retracement was just a bear trap. The link to my last public analysis on AAPL is below this post. Let’s keep our eyes open at this resistance at $ 171 for now. I’ll keep you guys updated, so remember to follow me to keep in touch with my daily analyses.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
SPX: Will it keep going up? Let's see.Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see higher highs/low, so it is a short-term bull trend. Yesterday, the 21 ema and the 4,456 did a great job supporting the price, and today we are just trying to resume the trend. This movement is normal, and it was expected, so no surprises here. To me, the 4,456 is the most important support level, and only if we lose this point the index will frustrate the bullish bias. As long as we remain above this point, it is a safe bull trend, and pullbacks to the 21 ema are acceptable, or even opportunities to buy. Remember, avoid buying near resistances, and always aim for the support levels. The technical target is 4,521, and today we almost hit it. In the daily chart, we are finally breaking the 21 ema, and leaving the 38.2% retracement behind. This is a good sign, and considering the index is bouncing back up after a retest of the 50% retracement / 4,400 area, we can assume it is becoming bullish in the mid-term too. We had a correction yesterday, but as I said in our last analysis "it is normal to see corrections that could last for one day or two", so no surprises here. The link to my previous analysis is below this post. This indicates that it could break the 4,600. I’ll keep you guys updated every day on this, so, remember to follow me to not miss any of my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
NVDA: Next targets + Scenarios to work with!Hello traders and investors! Let’s see how NVDA is doing today! First, in the 1h chart, it jumped nicely, but in the end, we couldn’t close above the $ 223, which is the most important resistance level for the short/mid-term. Only if NVDA breaks this point, and closes a candle above it, we’ll see some strength. While the $ 223 is the most important resistance, the $ 212 is a key support, and it seems NVDA is just doing some range trading between these points. If NVDA breaks the $ 223, it’ll probably reverse the trend, and seek the gap at $ 258. If NVDA loses the $ 212 it has two supports to hold the price. The first one is at $ 208, which is a very strong support level seen in the daily chart. The next one would be the $ 195. Since we are very close to the $ 208, and the purple trend line is working as a support level too, the odds are that we’ll do an upwards breakout. However, let’s keep both scenarios in our minds right now, and react to what NVDA does. Remember: Trading is reactive, not predictive. Let’s wait for more definition before jumping into any conclusion. I’ll keep you guys updated on this, so, remember to follow me to not miss any of my future analyses.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
18
SPX: Hit our target today! What's next?Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, we see the beginning of a bullish reaction, as the index finally broke the 4,456 area, which was the most important resistance for the short/mid-term. Today, the index hit its first target at 4,481 by filling the gap, and now it is losing strength, as expected after hitting a resistance. We set this target on my analysis on April 14, as you can check on the link below this post, when the index was looking like this: Now we have two support levels for the short-term: The first one is the 4,456 again, and the other one is the 21 ema. The daily chart reinforces the idea that the index is in early stages of reversal, as it is breaking the 21 ema and the 38.2% retracement as well. Yesterday we had a nice bar, and the volume was good (not great, just good). After movements like this, it is normal to see corrections that could last for one day or two, but the index must not lose the 4,400, otherwise, it’ll frustrate the reversal patterns it is building and it could resume the bear trend again. For now, the situation seems under control, and the index is behaving according to the technique. Our next resistance is at 4,521. I’ll keep you guys updated every day on this, so remember to follow me to not miss any of my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
AMD: Is it the time to BUY the DIP? Let's see...Hello traders and investors! Let’s see how AMD is doing today! First, in the 1h chart, AMD is in a clear bear trend, but there’s hope it could reverse soon. For the first time since it was trading at $ 125, it is actually breaking the 21 ema, and we do have the beginning of a bullish structure. The black line at $ 98.38 is the most important resistance for us, as if AMD breaks this point, it might trigger a Rounded Bottom chart pattern. By triggering this pattern, the next targets on AMD will be our gaps (yellow squares). The $ 106 seems to be a strong resistance, but the optimal target would be the $ 118 (last gap). In the daily chart, we see that AMD is trading at support levels, and any reaction here would be amazing, as the Risk/Reward ratio always favors the bulls when we are near support levels. What’s more, AMD is far from its 21 ema, so it has some upside potential if it reacts. The only thing that could make AMD turn barish again would be if it loses the $ 92 area, so we must keep our eyes open. We have some possible bullish structures that could justify buying the dip, but to me, we must wait for more confirmation. It is a delicate situation, but if we pay attention to these key points, we’ll be fine. I’ll keep you guys updated on this, so remember to follow me to not miss any of my daily analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
5
AAPL: Will it finally FLY again? Let's see.Hello traders and investors! Let’s see how AAPL is doing today! In the 1h chart, the trend is clearly bearish and we don’t see any bullish reversal structure so far. However, if it breaks the 21 ema along with the resistance at $ 166, it might be the beginning of a reversal. If AAPL confirms a reversal sign, the next gap at $ 174 will be our next target. This reaction is important because AAPL just hit its 50% retracement, even losing this point for a brief moment, which might indicate a bear trap after a false breakout. The gap at $ 174 is seen in the daily chart too (yellow square), but we have a resistance area near the 38.2% retracement and the 21 ema (around $ 168 - $ 169). It is expected to see AAPL struggling at this area in the short-term. So far, we see these good signs, and no clear bearish structure indicating a continuation of the bear trend. Only if we lose the 50% retracement again I believe AAPL will seek lower levels. 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!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
1
SPX: This could trigger a REVERSAL!Hello traders and investors! Let’s see how the SPX is doing today! The index is reacting nicely today, after what seems to be a false breakout from the previous support level, and a bear trap. This is expected, as we still are in our “danger zone”, and now the sellers are being squeezed. The 4,456 is still the most important resistance for us, and as long as we remain below this price level, the trend won’t reverse for good. But I agree that today’s reaction was good, and just in time, since the index is dancing around its support level in the daily chart: The index did a false breakout from the 4,400 (March’s Top and the 50% retracement), another sign of a bear trap, and it is heading to the next resistance. The 4,456 is the most important resistance seen in the 1h chart, but in the chart we see the 21 ema at 4,453 and the 38.2% retracement at 4,458. Clearly, the area around 4,450s is not going to be easy, and this is the area the index needs to break in order to fly again. For now, we see the beginning of a good reaction, but it is too soon to tell if it’ll reverse or not. Either way, I’ll keep you guys updated on this, so remember to follow me to not miss any of my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
SPX: Is it a BUY now? Only if it does this.Hello traders and investors! The index hit the 4,456 today again, and as we have been saying, this is the most important resistance to defeat. As long as it stays under this point, it won’t be bullish for real. Let’s see what’s going on here. In the 1h chart, the index is in a bear trend, and the only thing that could make it reverse is the breakout of the 4,456, in my view. If we do, probably the index will fill the gap at 4,481, and seek the next resistance at 4,521. If it doesn’t react quickly, it’ll just keep dropping, probably to the 4,400 again, or even lower. Let’s look for more clues in the daily chart: The index just hit its 50% retracement, and it is doing a good reaction. Yesterday, we had a classic Bullish Engulfing candlestick pattern, which is great, but we still must break the 4,456. Keep in mind that the 4,456 is at the same time the 38.2% retracement and it is near the 21 ema in the daily chart, making it the most important resistance level in multiple time frames. The 4,400 is at the same time the 50% retracement and the previous top on March, and if the index loses this point, the 61.8% retracement would be our next stop (4,345). Since the SPX is still inside our “danger zone”, my neutral view didn’t change, and I will only believe in a bullish reaction if we break the 4,456, or in a bearish reaction if we lose the 4,400. I prefer to see a bullish reaction, because the Risk/Reward ratio favors the bulls (the upside potential is higher than the downside potential). Since I do daily analysis on the SPX, I’ll keep you guys updated on this every day, so remember to follow me to keep in touch with my future analyses. Have a great Holiday/Weekend.
SP:SPX
by Nathan_The_Finance_Hydra
5
USDCHF - Down-Movement expectedHi Traders! Here is our analysis on the USDCHF pair. On the weekly TF you can see a potential Bearish Triangle Pattern. If this is true, the market aims to go into a Downtrend. The bearish pressure is also visible on the daily TF, as we can see Rejection Candles there. On the H4-TF we see an Up-Movement. The Sell-Entry-Triggers are firstly the Break of this shortterm Trendline and secondly the Break of Support. Weekly TF: If you would like to know anything with more details or if you have another point of view, don't hesitate to share! Thanks and successful Trading :-)! -------------------- ***Trade at your own risk*** ***Not every trade is also taken by us***
Short
by swissmoneymakers
SPX: Still in a "danger zone"! What to expect next?Hello traders and investors! Let’s see how the SPX is doing today! First, the index is still in our “danger zone”, and the trend is still bearish. As long as it keeps doing lower highs/lows, nothing will change, and the SPX will just seek its next support levels. The 21 ema, along with the resistance at 4,456 did a very competent job holding the price, as we expected in our previous study, yesterday: Now, we are in a similar position again. Although there’s no clear resistance for us, we still have the 21 ema, which seems to be working again as a resistance today. However, I’ll still believe the 4,456 is more important resistance to break. The daily chart is looking interesting right now. Yes, we see a bullish candlestick pattern (to me it is a Piercing Line pattern), just above the support level at the 50% retracement. This is a buy sign, however, we don’t have any confirmation yet, so it is still a delicate situation. If the index triggers this Piercing Line, we could finally escape from the “danger zone” and reverse the short-term bear trend. However, it must not lose the 50% retracement, otherwise, the 61.8% is our next stop. The plot thickens and soon the index will have to do something interesting, either bullish or bearish. Let’s just keep in mind the patterns and key points mentioned in this analysis to guide us from here. 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
5
AAPL: Watch out for that quad-resistance!Hello traders and investors! Let’s see how AAPL is doing today! In the 1h chart, we see that AAPL is struggling at a very strong resistance level. The $ 169 was a previous support in the past, and now it is working as a resistance (Principle of Polarity). Still speaking of the $ 169, this is the gap area (blue square), which is another resistance. In addition, we have a purple trend line connecting the previous top levels. Like all of this wasn’t enough, we have the 21 ema, and AAPL is trading under it again. Yes, we are still in a bear trend in the 1h chart. This is a quad-resistance level, and only if AAPL breaks this point we’ll see something interesting going on again. Otherwise, it’ll just keep dropping to the next support levels. In the daily chart, we see that AAPL lost the $ 168, along with the 38.2% retracement. However, it just hit the 50% and today it is bouncing back up. This would be good, if we didn’t have the $ 168, the 38.2% retracement, and the 21 ema working as resistances in the daily chart. It is important to notice that AAPL could drop all the way down to the 61.8% retracement, at $ 161, without ruining the bullish bias since March 15. To me, AAPL is in a very delicate situation, and we must wait for the breakout of either its resistances or its supports, before taking action. To me, there are literally dozens of stocks that are looking much better, and that have more potential than AAPL right now. 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: A dangerous situation! Pay attention to these KEY POINTS!Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, it lost the support level we mentioned yesterday, at 4,456. According to the Principle of Polarity, previous support levels will work as resistances in the future (and vice-versa), and this is exactly what’s going on here. As evidenced by the red circles, the 4,456 worked as a support level at least 3 times recently, and today, this point is working as a resistance. What’s more, the 21 ema is another resistance that has been holding the price, indicating that it is a bear trend in the short-term. If we break these resistances, great, the index will finally have a chance to reverse, and we could fill the gap at 4,481 – but it must show us some reaction quickly. If it fails in breaking these points, the bear trend will persist, and in this case, it might seek the 61.8% retracement in the daily chart: The 61.8% retracement is at 4,345, meaning we have a lot to drop. It wouldn’t be easy, as we have the 50% retracement, along with the red line at 4,416 (March’s top) to hold the price. To make the situation more complex, we have the 21 ema in the daily chart working as a resistance too. The index is between a lot of support and resistance levels, in what I call "danger zone". In my view, as long as the index remains in this area, between the resistances mentioned in the 1h chart and the 21 ema in the daily chart, and the support levels seen in the daily chart (50% retracement, red line at 4,416), nothing interesting will happen. The scenario is extremely complex, but fortunately, we have many individual stocks that are looking good right now. I’ll keep you guys updated every day, so remember to follow me to not miss any of my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
8
NZDUSD - Break of daily TL --> Sell after RetestHi Traders! Weekly: Weekly TF we see a descending Broadening Wedge Lastly price touched the upper TL --> Pullback expected Target Area not too far away --> Weekly Bullish Flag possible H4: Market was in an Up-Trend Made a Double-Top Then higher High Then Down-Movement Then Lower Low For Trend Change we need: Lower High The Down-movement also broke ascending daily TL & daily Support We can find the Lower High when price retests daily TL & daily Resistance Successful Retest --> Sell Entry Trigger Analysis: Down-movement until Target Area expected If you would like to know anything with more details or if you have another point of view, don't hesitate to share! Thanks and successful Trading :-)! -------------------- ***Trade at your own risk*** ***Not every trade is also taken by us***
Short
by swissmoneymakers
RIVN: The technical point that will trigger a reversal!Hello traders and investors! Let’s see how RIVN is doing today! For the first time since March 30, RIVN is trying to reverse the trend. This reaction is quite good, which is surprising, considering it is a Red Monday, and it is a sign of strength. Technically speaking, this movement is very interesting. As RIVN just retested the $ 37.61 area as a support again, making it a possible Double Bottom, and it is trying to break the resistance at $ 41. If RIVN closes above the $ 41 today, it might confirm this pattern. So far, all we see is lower highs/lows, indicating a strong bear trend. However, by defeating the $ 41, it’ll do something new, and this is a good sign of a reversal. We must not lose the $ 37.61, otherwise, RIVN will frustrate this delicate bullish structure. In the daily chart, it seems RIVN just dropped to fill the gap at $ 37.32, and now it is reacting nicely. If it confirms the bullish structure in the 1h chart, the next resistance to work with is the $ 56.76. Above that point, we have an open gap at $ 60.80 that might help to attract the price to higher levels. Let’s see how RIVN will close today, and if it’ll keep above the $ 41 area. To me, RIVN looks interesting, so I’ll keep you guys updated on this. Therefore, remember to follow me to not miss any of my future analyses!
NASDAQ:RIVN
by Nathan_The_Finance_Hydra
4
AMZN: Buying the dip? Watch these key points carefully!Hello traders and investors! Let’s see how AMZN is doing today! In the 1h chart we see that it is trading near the support level of a Descending Channel. This is a good place for a bullish reversal, but so far, we don’t have a meaningful reaction. The black line at $ 3,175.42 is the key point that could trigger a reversal, and the first target would be the 3,265.35. What’s more, it must break the 21 ema for good, which is another resistance for it. Let’s see the daily chart for more clues: In addition to the support in the 1h chart, the daily chart shows another important support level: The 38.2% Fibonacci’s Retracement. For now, AMZN is holding at this support area nicely, but it must break the $ 3,175 for some bullish confirmation. AMZN is not one of my favorites right now, but it is looking interesting. Since it is near support levels, the Risk/Reward ratio becomes attractive again, and it is worth to trade it. The key point it must not lose in order to trigger a clear bullish sign is the 38.2% retracement in the daily chart. Let’s keep our eyes open! I’ll keep you guys updated on this, as usual, so remember to follow me to not miss any of my future daily analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
1
TWTR: Is it a good buy right now? Complete trend analysis!Hello traders and investors! Let’s see how TWTR is doing today, and do a complete trend analysis on it. First, in the 1h chart, it seems we have a Descending Triangle, and it seems TWTR is losing the support at $ 46.87. This might indicate further drop, especially considering it is doing lower highs/lows, and it is below the 21 ema. We have some bearish structures, but since TWTR is so close to this support, there’s still time to react, but it must react quickly in order to avoid a sharper pullback. It is important to mention that in the daily chart the trend is clearly bullish. It has been a while since we are above the 21 ema and doing higher highs/lows. It just happens that it is too stretched right now, thanks to Elon Musk, and the volume is trading at record highs too. In this case, remember: Pullbacks are opportunities to buy. Any correction to the 21 ema would be great, but we must wait for the confirmation in the 1h chart, by losing the $ 46.87. To me, TWTR will fill both gaps (yellow squares), meaning, it has a target at $ 64.73, but it’ll be a though ride, with a lots of ups and downs. In the weekly chart, we see that the situation is not that easy for TWTR. Even with all the volatility, TWTR just did a very technical movement, and it jumped to hit the 61.8% retracement (with an unbelievable precision), and now we see a Shooting Star candlestick pattern. This is going to be a strong resistance for TWTR, therefore, we must see more bullish structures in the daily chart. So far, everything is going according to the plan, but we must keep our eyes open. I’ll keep you guys updated on this, so, remember to follow me to not miss any of my daily analyses!
NYSE:TWTR
by Nathan_The_Finance_Hydra
5