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GOLD MTF Wave stochastic example for trend reverseSometimes you don't need to count all of the Elliott Waves and pinpointing where the last Impulse started is enough to located the proper Time frame to look for that wave ending on the MTF. in this case the 1 month chart was the relative Time frame for the last impulse upwards (see where I wrote MTF stoch wave start) and you can see that from the Stoch being oversold on all time frames. then notice how the green (HTF) starts curving down at the end with a tap from blue and gray as a potential local top to exit at.. this is often all you need to trade a simple wave without too much complication. Please do not hesitate to ask any questions
TVC:GOLDEducation
by cryptoheat
EUR/USD: multi-timeframe perspective. Time to go short?Firstly, taking a look at the 8H timeframe, we may notice that the price has left a massive wick candle to the upside and rejected the zone of resistance plotted on the graph that lines up with the 0.382 Fibonacci retracement level. Later, zooming into the H1 timeframe, we can observe that the price has attempted to break above the sideways-moving rectangular range illustrated on the chart, but has re-entered the borders of it and has re-tested the upper boundary of the box. With the Stop Loss above the recently-formed top, we are expecting for the price to keep pushing to the downside and reach the crucial area of support projected on the graph.
Short
by Investroy
16
AMD: Finally a Reversal Pattern?• AMD is trying to trigger an Inverted Head & Shoulder chart pattern in the 1h chart; • The pattern wasn’t triggered, so we have yet to see some confirmation of a reversal; • This is important because the main trend is still bearish, and if by any means the price action frustrates this IH&S the bearish momentum will prevail, probably all the way down to the next support at $59, as evidenced in the wekly chart below; • Since AMD lost the previous support at $72 (black line), the next technical stop is the $59, however, the recent price action might reverse the bearish sentiment and AMD could avoid this scenario; • In addition to the IH&S pattern in the 1h chart, if AMD wants to trigger a mid-term reversal it is important to break the $72 again, as this point is supposed to work as a resistance in the short-term; • Yes, AMD is trying to reverse, but we must see more confirmation signs before assuming we hit a bottom; • In addition, in our last study, I described what is necessary for AMD to trigger a sustainable mid-term reversal, and the link to my previous analysis is below this post. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
2
AMZN: A breakout from a Congestion Zone! What's next?• AMZN triggered the bullish sign we discussed last week, by breaking the $117 area, and it is behaving just as we expected. As usual, the link to my last analysis is below this post; • Now that it is not in a congestion anymore, AMZN is free to seek its next resistances. Ideally, it would fill the gap at $136 in the next days – Remember, gaps work as magnets during reversals; • AMZN is consistently trading above the 21 ema, which is good, but the reversal is still on early stages, and any bearish reaction could frustrate the bullish thesis; • What kind of reaction could make AMZN reject the bullish thesis? If it loses $117 again it wouldn't be good. If it triggers a bearish reversal structure, it would be worse. So far, there’s no technical bearish reversal structure around, just an important resistance level, as seen in the daily chart below; • The main problem on AMZN is the 21 ema, as any bearish top sign around this area would give us the impression of a Dead Cat Bounce, just for AMZN to resume the drop all the way down to $112 again, or even to the $102; • Therefore, the situation is still delicate, and AMZN still has a few challenges before truly reversing this bearish sentiment; • For now, let’s keep our eyes open around the $117 - $118 area; I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
4
TSLA: Our Ascending Triangle worked. What's next?• TSLA is still in a clear bear trend, as it is still doing lower highs/lows; • Since our last analysis, TSLA did exactly what we expected, and it hit our first target at $265 (our Ascending Triangle target). For more details, the link to my previous post is below this analysis; • In addition, it is consistently trading below the 21 ema, which is a key resistance for TSLA in the 1h chart; • In the daily chart, TSLA filled the gap at $250 (blue square), which was our second target, and the sell-off persists; • In theory, since it is a bear trend, made of lower highs/lows, and since TSLA is trading below the 21 ema in the 1h and daily charts, the next stop is the next support at $225 (July 13 low); • The volume is still quite high, and there’s no bullish structure to work with right now; • TSLA would need to do a strong bullish reversal sign in the 1h chart, and break the 21 ema as well, in order to avoid retesting the $225; I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
MSFT: A bullish reaction in a support area!• MSFT is reacting just above a clear support level at $235.10 (dividend adjusted chart); • Although we see a strong bullish reaction, we don’t see reversal signs yet; • Would be good if MSFT close the weekly chart like this, or if we see a clear bullish reversal pattern in the daily chart before assuming it’ll reverse; • Either way, there are two open gaps (yellow squares, daily chart), and they would be our next targets if MSFT confirms a reversal; • On the other hand, by losing the $235 level, it will just resume the bear trend and seek the $200 area; • This could be the beginning of a strong reversal, so it is important to keep an eye on MSFT for now, as the Risk/Reward ratio looks very good. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:MSFT
by Nathan_The_Finance_Hydra
SPY: Could this be the DIP on SPY? Let's see.• SPY is trying to react today, however, this reaction alone is not good enough; • SPY is still in a Descending Channel, as evidenced by the purple lines above; • Only if SPY breaks the upper trend line it’ll trigger a stronger reversal sign. As long as it doesn’t, or if it loses the lower trend line, it’ll just resume the bear trend; • If SPY is about to react, now is the best time since June, as the index is reacting just above the support at $360 and the volume is as high as seen in nearly four months; • The sentiment is still bearish, and there’s no bottom sign confirmed on SPY yet. For now, let’s focus on the Descending Channel in the 1h chart, as this pattern could trigger a reversal, if a breakout occurs. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
AMEX:SPY
by Nathan_The_Finance_Hydra
5
SOFI: New ALL-TIME LOW! Is it the time to buy?• SOFI is crashing sharply today, and it did a new all-time low today, at $4.79; • However, it seems it’ll close above the previous all-time low / support at $4.82 (black line); • If SOFI is about to react, now is the best time. Below this point, there is no other technical support level to work with, and then only a very strong bullish reversal sign would reverse the bear trend again; • By reacting at its all-time low, we can assume it might bounce back up to the $5.57; • This wouldn’t be a bullish reversal structure yet, as we must see higher highs/lows for that; • If SOFI performs a mid-term bullish reversal structure in the daily chart, the area around $8 will be the next technical target; • For now, let’s pay extra attention to this support level, as we might see an opportunity on SOFI soon, and be extra careful. Don't trade without confirmation. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:SOFI
by Nathan_The_Finance_Hydra
NVDA: Heading to the next support level! What to expect?• Since it lost the $134 support, NVDA is just heading to the $115, and there’s no technical evidence indicating it won’t do this, as we lack strength, and there’s not a single bottom sign at the moment; • The $115 is a support level that dates back to 2 years ago, September 2020; • In addition, the daily chart suggests a continuation of the bear trend. Since it performed the Double Top, as evidenced in the chart above, NVDA has been doing nothing but lower highs/lows; • Only if it does a higher high/low again, and if it breaks the 21 ema as well, we might assume NVDA will do a recovery; • For now, there’s no evidence of a recovery, but at $115 it might get oversold. Either way, we must wait for more confirmation. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
2
AMD: What it takes to reverse?• AMD is clearly bearish, doing lower highs/lows, and there’s no technical evidence it’ll recover or reverse; • Since it lost the support at $73 (black line), it is heading to the $59 (red line), which is the next support level/target; • If AMD reacts and performs a positive candlestick in the weekly chart, it might bounce back up to the $73 area, or even to the 21 ema, if the rally is strong enough, however, without bullish reversal structure, we can’t say AMD will reverse any time soon; • For AMD reverse this bear trend, we must see two things: 1) A bullish pivot point in the daily chart, aka higher high/low (check the daily chart below for more info), and 2) AMD must break the 21 ema in the daily chart as well; • Either way, at $59 it might get interesting again. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
AMZN: This structure could REVERSE the bear trend!• AMZN is in a bear trend, as it is doing nothing but lower highs/lows, and there’s no sign of reversal yet; • In addition, AMZN is trading below the 21 ema, which is working as a resistance; • Since it is a bear trend and there’s no confirmation of a reversal, the area near $100 is the next support level; • However, a possible bullish structure could reject this thesis. If AMZN breaks the previous resistance at $117 (black line), it’ll break the bear trend by doing a higher high/low, and by breaking the 21 ema; • This reversal would have a target at the last gap ($136 – green line), however, there’s no confirmation that AMZN will trigger this bullish pivot point; • In the daily chart, we see why the $117 is important. It is not just the previous top in the 1h chart, but the previous top twice, in June and July; • In addition, AMZN is below the 21 ema in the D chart as well, and this point will probably work as a resistance in the future. Still the gap around $136 would be the ideal target; • However, in the lack of confirmation, AMZN will just seek the next bottom at $102, therefore, it is important to see some reaction as soon as possible if it wants to avoid this scenario. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
1
BTCUSD: Support and resistance levels to watch closely!• BTC is in a clear support level at $18.666 (black line); • In order for BTC to react, it must break the blue line at $19.500, along with the 21 moving average. By doing this, the target would be the next resistance, which is only at $22.777 (red line); • However, BTC must react as soon as possible, and if it loses the support at the black line, the situation might turn very bearish for it; • BTC already lost its main purple trend line, which connects its bottoms since 2015; • By losing its mid-term support level at $18k, it’ll reinforce a bearish movement all the way down to the next support at $14k, as seen in the weekly chart (green line); • Regardless of what happens, we’ll have our answers soon. Either way, if BTC is about to turn bullish, we must wait for the confirmation of a breakout first. Remember to follow me for more analysis like this! Keep in touch.
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
2
NVDA: This is what it needs to do to REVERSE the trend!Hello traders and investors! Let’s see how NVDA is doing today! First, in the 1h chart, we see something like a Double Bottom, or an Inverted Head and Shoulders, depending on your imagination, but that is not important. Both are bullish reversal patterns, and so far, NVDA is doing some interesting technical movements. First, it seems to me that yesterday’s drop was just for it to fill the previous gap at $ 159, and now we are recovering nicely. However, the $ 170 is the key point here. It seems this price level is working as a resistance for us, as it is at the same time, a pivot point (previous top) and the neckline for the IH&S. Only if we break the $ 170 we’ll see the confirmation of these bullish structures. Pullbacks are acceptable, but we must not lose the $ 159 again, otherwise it’ll ruin the bullish patterns it is doing. In the daily chart, NDA is still bearish, despite the good patterns it is doing in the 1h chart, and the 21 ema is working as a resistance. This is interesting, as the $ 170 area is not only a resistance in the 1h chart, but in the daily chart too, making it a dual-resistance level, in different time frames. In order for NVDA to fly again, it must break this resistance area. In this scenario, it would easily retest the previous resistance around $ 196 (mid-term). While the $ 155 is a key support level which NVDA must not lose, otherwise, it could seek lower levels, like the $ 130s. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my analyses! Have a good weekend!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
1
SPX: Did our BREAKOUT! What's next?Hello traders and investors! Let’s see how the SPX is doing today! First, it broke our key point at 3,810 by doing a gap, making this a Breakaway Gap, a bullish continuation pattern. Now we are just doing what the index was supposed to, and it almost filled the gap at 3,900 today. In addition, you may say that the SPX broke the neckline of an Inverted Head and Shoulder chart pattern as well. Either way, the bull trend was confirmed in the daily chart once again, and any pullback to the 21 ema or around the 3,800 would be just a pullback. As long as we stay above these support levels, or don’t do any clear bearish structure, the trend will remain bullish for now. However, there’s one problem with all of this. In the daily chart, the index is still bearish. We are doing lower highs/lows and it is under the 21 ema, which might work as a resistance for us. It is hard to tell how the SPX will react now that we finally hit the ema, but the key points mentioned in the 1h chart are still valid. If we lose our support levels again, probably the index will do a top sign in the D chart, and it’ll resume the bear trend, as usual. So far, we don’t see any clear bullish structure on the daily chart. The situation is quite complex, but if we keep our eyes on the key points, we’ll be fine. I’ll keep you guys updated every day, so remember to follow me to keep in touch. Have a good weekend!
SP:SPX
by Nathan_The_Finance_Hydra
3
$NVAX starting its run?With main confluence from MACD , Stochastics, RSI and MTF EMA's, I am expecting a run to 69.28. Momentum looks to be rising on the Daily, but if you look closer on January 26th we see divergence on the MACD indicator (Orange). While price reached a low at that time, MACD has been steadily rising. Price has been driven lower through this time but MACD has been rising. This in connection with the RSI's and Stochastic's tell's me we are starting to see the run up. I committed to this trade on the 6th of June and don't plan on selling until profit target of 69.28. Depending on momentum once we've reached there, I will close part of my position to allow a possible ride to the golden pocket of the Fibonnaci indicator of .618 Ideally, this is a very technical play, I think with momentum showing to be on the higher side we should see a nice steady run up over the coming next week. Stay tuned Im working on an indicator that will help visualize market volatility and momentum. The goal of the indicator is to help you understand current market strength which direction it's favoring. Before releasing, I am going to fine tune the indicator further to make it more profitable per back testing with python. I'll release this indicator once it's ready at free cost for a limited time only.
NASDAQ:NVAX
by GreenDayTrade
5
AAPL: Pay attention to these KEY POINTS!Hello traders and investors! Let’s see how AAPL is doing today! First, in the 1h chart, we are clearly bullish, as AAPL is doing higher highs/lows and it is above the 21 ema (which is pointing up). As long as it stays above the 21 ema, it won’t reverse, but if it does, the gap at $ 132 area might get filled. The main challenge for AAPL seems to be the red line at $ 137, as this is a key resistance that worked a few times before, and it is trying to work again. By doing a breakout, preferably closing above this line, AAPL could trigger the next bullish movement to fill the previous gap at $ 142. Maybe this could be an Inverted Head and Shoulders chart pattern as well. Either way, the key point is the same: $ 137. The main problem with AAPL is that the trend is still bearish in the daily chart. We are doing lower highs/lows and we are below the 21 ema. The short-term momentum is bullish, but the mid-term isn’t. In this case, we must pay extra attention to the 21 ema. If AAPL does any top sign around it, it might frustrate the bullish sentiment in the 1h chart. Moments like this are complex and difficult, as charts don’t speak the same language, but soon AAPL will become easy to read again. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily insights!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
3
SPX: Being SQUEEZED! Strategies for a BREAKOUT!Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see that it is still below the key point at 3,810 (purple line), while the 21 ema keeps going up, squeezing the price more and more against the purple line, as time passes. If the index loses its 21 ema, the gap at 3,694 would attract the price, and it could go even lower, maybe to the 3,636 again (green line). On the other hand, if we break the 3,810 it is easy to see the index filling the upper gap around 4k. The main problem with this bullish thesis is that before the 4k, we have the 21 ema in the daily chart around 3,900, and since the SPX is still in a bear trend, the ema is supposed to work as a resistance for us. For now, let’s keep our eyes open, as we are between two important key points in the 1h chart, and a breakout to any direction would dictate SPX’s movements for the next couple of days. I’ll keep you guys updated on this, so remember to follow me!
SP:SPX
by Nathan_The_Finance_Hydra
3
TSLA: Pay attention to these KEY POINTS!Hello traders and investors! Let’s see how TSLA is doing today! First, since it did a false breakout from our purple line at $ 635, TSLA is very bullish. It broke the 21 ema, and it broke the resistance at $ 700 (black line). Now, both the 21 ema and the line at $ 700 are support levels (remember the Principle of Polarity in Technical Analysis). Tesla is supposed to remain bullish, as long as it stays above these support levels. If we lose them, we’ll probably seek the $ 635 line again, filling the last gap (blue square) on its way. If TSLA remains bullish in the 1h chart, it is easy to see it retesting the $ 800 area; the problem is that it is still very bearish in the daily chart. The 21 ema is working as a strong resistance, and TSLA must break it in order to do something interesting. Despite the bullish movement in the 1h chart, it is too soon to tell if this could reverse in the daily chart right now. A bounce back up to the $ 800 would be nice, but I would still be skeptical about it, as long as we don’t do any clear bullish structure. I’ll keep you guys updated, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
3
NVDA: Could it REVERSE? Let's see.Hello traders and investors! Let’s see how NVDA is looking today! Since it lost the 21 ema, NVDA frustrated any possibility of a bullish reaction, and we are still trading under it. Clearly, NVDA is not bullish, but the bearish sentiment is getting weaker, at least. It seems we found a bottom around $ 155 again, and since then, NVDA is just moving sideways, respecting this support level, while it can’t properly reverse. The volume is increasing as well, but unfortunately, there’s no clear bullish reversal structure on it right now, just signs of bearish weakness. In the 1h chart, NVDA is doing clearer bullish structures. We see a Double Bottom chart pattern above the red line at $ 155, and a possible bullish pivot point, if we break the $ 170. The problem is that it must not lose the 21 ema again, otherwise, it’ll frustrate this pivot point and seek the $ 155 again (or maybe just fill the last gap at $ 159). Despite the good bullish signs, I always prefer to see some confirmation first, as NVDA is still bearish, and the market is very volatile. If we do confirm a bullish reversal, NVDA will retest the $ 200 area mid-term. 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
1
SPX: Key Points to watch from here!Hello traders and investors! Let’s update our thoughts on the SPX, as it has been a while since my last analysis on it. First, the index triggered a bear trend since it lost the support at 4,073. The downtrend was sharp, however, we must pay attention to some key points. First, we have three gaps – the first one was already filled today. Second, after many days trading below the 21 ema, the index is finally breaking it again, and we are trading above it. Third, we have a key point at 3,810 (purple line), as this price level worked as a support/resistance multiple times in the past, and since we are under this price, this is supposed to be our next resistance. The index is still bearish, and despite the reversal signs it is giving, a true confirmation would come if we break the purple line. In that case, I see the index filling the last two gaps. If it fails, then it’ll just resume the trend, and seek the 3,600 again. The volume is finally starting to increase, and the daily chart suggests a retest of the 21 ema in the next few days. If that’s true, we’ll break the 3,810 line, triggering a short-term reversal. However, we don’t see any bullish reversal structure for the mid-term, therefore, we must be patient. Remember that since the SPX dropped more than 20% from its last peak, we are in a bear market, officially, and trends persist until a clear reversal occurs (Dow Theory). Let’s see how the SPX will react when it hits our key points. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
AAPL: Doing exactly as expected. What's next?Hello traders and investors! Let’s see how AAPL is doing today! It did exactly what we expected it would, since our last analysis. Now we must update our thoughts. First, in the 1h chart, it did what it was supposed to do, and it dropped to the $ 144 area to fill the gap (blue square). Since this gap was around the 38.2% Fibonacci’s Retracement, the price found support there, and now it is bouncing back up. For us, this is not a surprise, as I already detailed this movement in my last analysis (link below this post, if you are curious), but the recent movement has some interesting implications. Despite the congestion, we still see an open gap at $ 150, and this could help the price to retest its previous resistance at $ 151. Meanwhile, any correction to the $ 144 is ok, but again, if we lose this point, then any possible bullish thesis will be frustrated for now. In the daily chart, we are still bearish, doing lower highs/lows and below the 21 ema. However, if we break the 21 ema again, AAPL will have decent chances of retesting the $ 151 again. Now, this alone is not a bullish reversal, but if we actually break the $ 151, then we’ll see a bullish pivot point. If AAPL triggers this pivot point, by doing a higher high/low, it’ll reverse the bear trend in the daily chart, and in this scenario, we could think about the gap at $ 174 (red dashed line). But we must wait for better signs, as for now, it is still a bear trend with low volume. 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