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TSLA: Approaching its Climax.• TSLA stock continues its rally, heading to the next resistance level, at $177 (purple line); • So far, there’s no technical top signal, nor bearish reversal structure indicating that TSLA could correct from here; • On the daily chart, we see that TSLA is doing higher highs/lows, and if it breaks the $177 resistance, it’ll trigger another pivot point, and in this case, it could easily seek the $200 next. • The $200 area is close to the upper trend line of the Descending Channel seen on the weekly chart; • Despite the mid-term rally seen on the weekly chart, the long-term trend is still bearish, and TSLA has to break this channel upwards in order to confirm a long-term bullish reversal structure; • The main support area is around the $164 (red line), as if TSLA loses this key point, it might frustrate the mid-term bull trend; • So far, everything seems under control. It all depends on how TSLA will react around the $177, its next climax. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
Introducing the Responsive Supply and Demand IndicatorIn this comprehensive tutorial, Stock Justice offers an insightful walkthrough of the enhanced Supply and Demand Indicator. We delve into the tool's advanced features, demonstrating its capacity to identify pivot points across multiple timeframes, its customization options, and ways to interpret its outputs. The video provides valuable guidance on how to navigate the settings of this powerful tool, from plotting circles and lines to adjusting the number of ranges to be analyzed. By the end of this tutorial, users will better understand how to utilize the Supply and Demand Indicator to optimize their trading strategy and make more informed decisions.
CME_MINI:ES1!Education
by StockJustice
CAD CPI could trigger next wave downThe previous CAD CPI data marked a significant turning point, with CAD having a 2 week hangover and the basket of major currencies getting a wild ride against the weakened CAD. Could we see the opposite this time around? USD is seeing significant strength against the basket but is starting to look ripe for a pullback. If we see another strong day for USD on monday, pushing USDCAD into the cluster of pre vious activity between 1.36000 - 1.36500, we could be primed for a significant pullback in USD strength and the CAD CPI might just be the catalyst for a major leg down to back below 1.34500. Of course, don't trade blindly, wait to see if the setup occurs, see the CPI numbers and how the market reacts. This is a very specific scenario, but if we are in that 1.36000 range when the numbers are released Tuesday, I'll be very quick to enter short if the market sees intraday downside momentum.
Short
by HayeTrading
6
I Cannot cannot Short This !!! situation+next targets.The USDJPY is in a Bullish phase by Ascending Triangle & Cup & Handle. 🌟 Bullish signals are: - Bullish Cup & Handle - Dynamic Support zone - Pivot S1 weekly - Ascending Triangle ❗ and the Upward signals of market momentum are: - The Bottom of the Bollinger band ⭐ Note if the Triangle or cup & handle is broken downwards with the strength of Bearish candles, this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
26
Bitcoin Short-Term Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin 🔴Resistance Line 30487$ 🟢Support Line 30191$ 🟢Support Line 29346$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC
Reversal Pattern in NVDA: A Temporary Cool Off or a Major Trend In this article, I will discuss the head and shoulders reversal pattern observed in NVIDIA stock. Recently, the stock has experienced a significant uptrend, rising approximately 48% after the completion of a larger inverted head and shoulders pattern. However, recent price action on lower timeframes suggests a smaller head and shoulders pattern is forming, potentially indicating a temporary cool-off phase. I will analyze this pattern in-depth and explore its possible implications on NVDA's future price movements. Larger Inverted Head and Shoulders Pattern The larger inverted head and shoulders pattern that played out in NVDA's price action led to a substantial gain of approximately 48%. This bullish pattern indicated that buyers were in control and that the stock was poised for a significant upward move. As a result, NVDA saw a strong rally, reaching new highs for 2023. Smaller Head and Shoulders Pattern Despite the impressive gains, a smaller head and shoulders pattern has emerged on lower timeframes. This bearish pattern suggests that NVDA may experience a temporary cool-off phase in the coming weeks. Considering the rapid price increase, it is not unusual for a stock to undergo a short-term correction before continuing its uptrend. Comparing NVDA with AAPL and TSLA Similar to NVDA, other tech giants like Apple (AAPL) and Tesla (TSLA) have also performed exceptionally well in recent weeks. It is expected that these stocks, too, may face a temporary cool-off phase as the market undergoes a period of consolidation. Possible Price Scenarios As we analyze the head and shoulders pattern on NVDA, several price scenarios emerge: If NVDA breaks the $263 support level, the cool-off period indicated by the head and shoulders pattern may occur, and the stock could pull back to $238. A further decline to HKEX:215 would signal a potential buying opportunity for a bounce. However, given the strong upward trajectory from HKEX:138 to FWB:280 , this scenario seems less likely. Our stretch goal for NVDA remains around HKEX:337 , suggesting that the stock could reach new highs in 2023 if the bullish momentum continues. The head and shoulders reversal pattern on NVDA's lower timeframes indicates a potential cooling off period for the stock. While it is natural for a stock to undergo a short-term correction after a strong rally, the bigger question remains whether this is a major trend shift or a temporary pullback before reaching new highs (for 2023). As investors and traders, it is crucial to closely monitor price action and key support levels in order to make informed decisions in the face of market uncertainty.
NASDAQ:NVDAShort
by bitdoctor
7
Dollar Hits Support. Now Bounce. Everything Else? Pulls Back.Traders, I said it all in the title. Yes, the dollar has now conclusively formed a very ominous Head and Shoulders pattern. The dollar will die once (not if) it breaks that neckline. But do I think that is going to happen immediately. I think you all know the answer. News has hinted at a Fed rate hike pause this week. Next week another news story will come out. I think caution is warranted here. Personally, I'm going to sit the sideline this weekend and play it safe. There will always be more opportunity in the future. Always. Best, Stew
TVC:DXY
by stewdamus
2
Bitcoin Short-Term Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin ⓡ Resistance Line 28952$ ⓡ Resistance Line 28549$ ⓡ Resistance Line 28300$ ⓢ Support Line 27881$ ⓢ Support Line 27617$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC
Rollover Parralel channel updateUpdate of the previous parralel channels post . So far both our channels have played out well, apart from the retest and rejection from our green channel. If the red channel plays out like the others we should start to see a steeper decline from this point on. 🤞 This would also fit the narrative of the cypher harmonic Iv been watching for (see other posts on my profile) Any questions or if you don't agree please comment and let me know. Love a discussion
COINBASE:BTCUSDShort
by Connix