EOY Review $BAC outside quarter, looks promising Financials did well in Q4
NYSE:BAC with a bright green 3 on the quarter
hammer on the year, with lot of upside potential
notice that other financials e.g. JPM ended the year at/above previous highs
meaning BAC wasn't the strongest of them
but, also could mean more upside potential
let' see how it plays out in '24
no predictions, price and time will tell
anything can happen....
Outsidebar
SPY Bearish Engulfing +2 CandleWhat started off as a strong move higher today with a slight gap at the open, ended with price filling the opening gap and finishing in the red for the day. In the process, SPY has put in an outside reversal, or bearish engulfing candle, which eclipsed the three prior daily candles. When the body of the current daily candle engulfs the previous daily candle it is called an engulfing candle, and on a down day like today it is a bearish engulfing candle. Since price also eclipsed the two daily candles prior to yesterdays candle it is called a bearish engulfing plus two candle(BE2). The more candles that are engulfed the more negative or bearish you can consider the candle and outlook. This BE2 also occurred near the apex of a rising wedge pattern which tend to be bearish patterns on their own that lead to downside moves in price.
Be careful out there, raising your stop-loss orders on long trades isn't a bad idea here, especially if you are in the green and want to lock in some profit.
$NVDA could rise to 192 by end of yearNASDAQ:NVDA still have time to have an "outside quarter" ... after breaking last quarter's low, it has rallied to retrace 50% of the previous quarter's candle.
This is not an example of #SSS50PercentRule because NASDAQ:NVDA is DOWN on the year, therefore it does not have full time frame continuity.
This would be a 16% rise over the next 5 weeks.
We look for Reversals...Just an insane day in the Markets, As we knew.. we did not hold short. What did we know, we look for a reversal. We hit our outside quarter target and fell a bit more towards our 420 level before ripping almost 20 points into the close. Is this the bottom? It does NOT MATTER. We trade what we see, each day is a new day. This market can fall just as quick. We add our probabilities and take the highest set ups. Good job to those who caught the reversal here.
SPX hit 4560 and broke throughSaw 4560 after never gaining any upside momentum. We had a target below of 4532.45 and hit 4530.20. Not too bad here. Going to have to look for a pullback to the upside soon before another leg down if we get one. still intact for outside month target here of 4495.10. 4500 as always is a Big Psychological level. Lets see what happens here.
DENTBTC 10X opportunity !I am seeing a nice outside bar on weekly basis, repeating history from the DENT-BTC chart.
This means that there are a lot of institutional players buying this GEM token.
I am maybe crazy to predict this, but i can' be wrong if my risk is too small.
Let's see how this plays out.
Long time ago i analysed again a chart from DENT.
This time I see a signal, so it might go well this time.
What do you think ?
Like, react and share !
A beautiful outside bar and $3.05/ ADAAs we're witnessing an U-form on daily time frame and closing on a daily outside bar which means we take the length of the U form and put it above the U-form, reaches 3,05 dollar/ADA => short term
Long term : 3,85 dollar ADA
Have a nice friday and weekend.
Like and commen, peace !
CALX Death StarNYSE:CALX gave one of my favorite bars today which I like to call a Death Star. It is an outside bearish engulfing bar that tried (and failed) to make a new high. It is one of the worst bars you can see at the top of a chart.
This one also broke out of the top of the triangle (and failed) and then broke the bottom of the triangle and closed under the trendline all in one day.
It's going to take a Jedi to save this chart.
Dent has no competitionLike you're seeing, we have broken a nice small rocket and inside the rocket we have an orange ouside bar. This means that big institutionals are buying.
The next leg up is around 0.0255 dollar.
Those gains are huge and don't miss out.
What do you think ?
don't hesitate to leave a comment and hitt the like button
Peace.
Dent next stop 0.0189 $Dent is back again with a simple triangle wedge and a bullish outside bar (orange bar inside, i.e. whales on 2 hour)
We might get a pull back retesting back to the triangle wedge, but with no doubt i see a clear break on 2 hour and towards to the next leg around 0.0189 dollar.
Like you told me to spot again, Feel free to hitt the like button and like and share your thoughts.
Peace
Ada is making an outside bar on weekly The orange bar means that there are a lot of Whales buying, especially the BitMEX and coinbase listing today and tomorrow.
Update target=> 2,64$
Tonight we meet the FED which is also bullish in my eyes, because the rates would be unchanged till 2022.
Like , follow and comment.
Feel free and hit the Like Button
1750 support level is the gold next stop? (ROADMAP)after a long rally journey, gold formed bearish outside bar and inside bar combo on the daily timeframe followed by strong momentum bearish candle, from my own perspective I only sell if the price successful to breakout the trendline support structure.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX