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TSLA: Insanely Bullish! What to Expect Next? | D & W charts.In our previous analysis, we identified that TSLA was looking for its 21-week EMA, a classic region of support, where a very good reversal signal materialized. Now, the price has resumed its previous uptrend, and we see it breaking through the most crucial resistance point at $265, which we also warned about in our last public study, the link to which is below this post. Now, let's update you on the key points to keep an eye on. Daily Chart (Left) Gap Closure: Tesla has closed a significant gap from July 2023 at $289.52, which could act as a resistance level. Remember that gaps work as magnets when tthe price reverses. This gap closure often signifies an area where the stock might face selling pressure as previous buyers look to exit. Support at $265.13: Previously a resistance level, this $265.13 area now serves as a future support based on the principle of polarity. Holding above this level would be a bullish signal, while a drop below might suggest weakness. EMA Support: The stock is trading above its 21-day EMA, suggesting ongoing bullish momentum in the near term. Weekly Chart (Right) Approaching Next Resistance at $299.29: The weekly chart shows the next significant resistance level at $299.29. A break and hold above this level could open up more upside, potentially attracting more bullish interest. EMA Support on Weekly: Similar to the daily, the 21-week EMA is supporting Tesla’s price, adding confidence for bullish traders. Conclusion: Tesla's chart shows bullish momentum with recent gap closure near $289.52 and support from the $265.13 level. Even if we see a top signal, the $265 area is supposed to be our next technical support level, and a pullback wouldn't ruin the bullish thesis to the $300 area - in fact, it would probably just be another buying opportunity, near a support level, when the R/R ratio is optimised. There is no technical evidence suggesting that it could correct for now, but we need to watch the price action very closely, as TSLA's price has just closed an important gap. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1
SPY: Watch Out For These Turning Points (D&W Charts).Daily Chart (Left) Resistance and Support Levels : Both $574 and $565 have served as support and resistance points in the past, and are good examples of how the Principle of Polarity works in technical analysis - when broken, support points become resistance points, and vice versa. At the moment, SPY is struggling near $574, its current resistance, which is very close to the 21-day EMA. If it fails to break it, $565 is its next stop. EMA and Price Action : The price has recently tested the 21-day EMA, and while it experienced a brief dip below this moving average, it has recovered. The EMA could act as immediate resistance if there is continued upward pressure. In addtion, the 21-day EMA is pointing down, reinforcing the short-term downtrend. Short-Term Pattern : The presence of lower highs/lows indicates weakening momentum, so keeping an eye on whether the price can break above $574.71 or fall below $565.16 is crucial. Weekly Chart (Right) Uptrend Line : The long-term uptrend is intact with a supporting trend line dating back to late 2023. This trend line, coupled with the current support level at $565.16, will be pivotal for sustaining the broader uptrend. EMA Support : The weekly EMA is also below the current price, suggesting a positive long-term trend. Any pullback to this level would still be within an acceptable correction phase. Conclusion: SPY is currently at a decisive point. If it manages to break above the $574.71 resistance, the uptrend could gain strength . Conversely, a failure to hold above $565.16 might trigger a pullback to the weekly trend line or EMA, materializing a long-term pullback (but not reversing the long-trend seen on the weekly chart, just triggering a sharper correction). This is a crucial watch zone for both bulls and bears to define short- to medium-term strategies. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
AMEX:SPY
by Nathan_The_Finance_Hydra
2
TSLA: Complete Multiple Time Frame Analysis (H, D and W charts).• After breaking its main resistance lines in the 1h chart, TSLA is in a bull trend, doing higher highs/lows, while trading above the 21 ema; • Since the short-term momentum is bullish, it should hit its next technical target at $177.65 – in theory; • The previous resistance at $169.60 (red line) seems to be acting as a support level today, which corroborates the Principle of Polarity in technical analysis, which states that previous support levels will work as future resistance levels and vice-versa; • Only if TSLA loses this red line, we might see this bullish momentum frustrated, in the short-term. • In the daily chart we see that TSLA just broke its 21 ema, indicating that it wants to reverse the mid-term bear trend; • What’s more, the 21 ema is very close to the red line seen in the 1h chart, making the area around $170 a dual-support level in different time-frames; • In addition, the $177.65, the next technical resistance line seen in the 1h chart is an open gap seen in the daily chart, from the previous earnings; • As long as TSLA keeps trading above its dual-support level, no pullback or reversal will materialize, and the bull trend will persist. • Since TSLA is bouncing after it hit a critical support line in the weekly chart at $164 (red line), in theory this bounce should persist, even considering the possibility of a short-term pullback; • Only if it loses the $164 we would see the recent bullish signals frustrated; • In this case, we could easily close the gap at $146, as seen in the daily chart. 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
6
TSLA: INSANE Rally! Trend Analysis + Next Targets ✅• TSLA hit our first resistance: The 21 ema in the daily chart; • This corroborates with our reading, as stated on my analysis form Friday (check the link below this post); • Now, it seems TSLA wants to break the 21 ema, and in this case, it’ll seek the retracements; • The 38.2% Fibonacci’s Retracement is the first retracement to work with; • So far, there’s no clear top sign, or bearish structure around indicating a correction. Let’s see how it’ll close today; • What if TSLA corrects? The previous resistance at $123 becomes our new support level. Remember the Principle of Polarity: Previous support levels are supposed to work as future resistance levels, and vice-versa; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
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: 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
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
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
Tk - Principle of PolarityNYSE:TK Please correct me if I am wrong. I am just a beginner What I see: - 8-4-22 We broke out of a symmetrical triangle. - The breakout occurred on above average volume. - The breakout was followed by a small rally, up to the high of 19-1-22, TK then pulled back to a former resistance level near the breakout point, hopefully this former level will become support. Today (21-4-22) and the following days will tell us if the Principle of Polarity is valid on this chart. What are your expectations for Teekay Corporation? This is no financial advice.
NYSE:TKLong
by StijndeVries
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
The Oil Price War Here Are 3 Things You Need To Know “Technically” about the High and Low Oil Price Brent crude oil prices rose steadily for months and surged more than 72% over the last one year-climbed to 14- years high of $139 per barrel. After fluctuating wildly the price per barrel of Brent oil appreciated more than 33% since Russia invaded Ukraine on February 24 and eventually fell dramatically to about 30% from the peaks to give up all the gains and touched the lows of $96.90 per barrel. Later on, prices retreated up again to $107.80 per barrel levels. Traders fretted over the fragile moves and markets are thrown completely out of whack. In the midst of geopolitical drama and fears of supply disruptions, there's just no certainty about where oil prices are heading. In order to correctly understand the ongoing price tussles and manage your risk timely, Here are 3 important things you need to know technically about the fragile oil price moves: 1-Trend channel Long term trend channel clearly depicts the prices moving within the ascending trend channel and touches the peaks and bottoms of the channel in the last several times, except on a few occasions where prices overshoot the supply area. The current channel displays prospective supply and demand areas. A simple approach can be to sell longs when prices hits the upper boundary of the channel and buy when they touch back to the downward range. Currently, prices are moving in the middle of the trend channel, and suggest to stay cautious and do nothing. 2-Moving Average Crossovers A moving averages crossovers (dead or golden) provides signals when a trend is about to reverse (bearish or bullish) and it happens when two or more moving averages cross each other. Despite the fact that this approach doesn’t predict future direction, is laggard and slightly delayed depending upon the time frame we’re analyzing, but still it can be a very effective tool to use as a price confirmation signal for smoothing prices and understanding the ongoing trend reversals. It can be used to determine stop-loss levels. At present, we’ve got dead-cross signals after the sharp decline from the peaks. 3- Patterns/Polarity One of the most authentic price patterns to determine bullish reversal is the Head & Shoulder Pattern. It comprises the Left Shoulder, Head, Right Shoulder & Neckline, where the neckline can be upward, downward, and horizontal. This pattern generates breakout signals when prices break the neckline, and one notable point is that, this neckline can act as a key actionable point in making money. The neckline can display as a polarity level-support becomes resistance & resistance becomes support. Moreover, this neckline can act as stop-loss or stop-buy point. You can gauge where prices are heading by calculating the height of the head. Calculate the difference between head peak and neckline and subtract this from the neckline level, you’ll get your target price. Currently, the pattern has broken the neckline and confirms a bearish trend and prices reacted to this signal and dropped down to the low of $96.90.Recent pullback from the lows may take it back to the level of the neckline. Currently, we assume the pullback from the lows may stretch the current moves up to the neckline level, which may act as resistance (polarity). If prices surpass neckline levels then we need to work alternatively. It is important to practice these techniques regularly and apply them on different time frames to exactly pinpoint your entry and exit points. Remember, risk management is the key and you need to rightly place your stop loss or stop buy orders. In future posts I will further explain when and how to apply stop loss and stop buy orders using trend channel, moving averages crossovers, and Head & Shoulder techniques. Happy Trading :) Ehtesham Khan, CMT, CFTe Chartered Market Technician CEO | EK Global Capital
Editors' picks
TVC:UKOILEducation
by CMT_Association
23
CRWD: Complete Trend Analysis + Key Points to watch!Hello traders and investors! Let’s see how CRWD is doing today and do a complete MTFA on it! In the 1h chart, we see a clear bull trend, and there’s no reversal pattern around. The 21 ema is a technical support, and as long as it keeps above it, there’s no reason to worry. However, we could see a reversal if CRWD loses the red line at $ 190.36. In addition, as evidenced by the purple line, the previous top is not higher than the previous top, and if it loses the $ 190, the market may see this as a possible Double Top, or as a bearish pivot point. A pullback on CRWD wouldn’t be that problematic, as in the daily chart we see some good patterns. It is finally breaking the 21 ema again, and it stopped doing lower highs/lows, ending the bear trend for good. What’s more, it triggered a Double Bottom chart pattern above the red line at $ 154.15 (we’ll talk about it later). This seems to be a nice reversal pattern, and a pullback to the 21 ema is expected, and this wouldn’t ruin the reversal thesis. To be honest, now is the best time for us to see a small pullback on CRWD, just look at the weekly chart: We just hit the 21 ema in the W chart, and that’s a nice resistance on CRWD. To me, it would be good to see CRWD doing a pullback to its 21 ema in the daily chart, in order to build another bullish structure and trigger a reversal in the weekly chart as well. Remember the red line at $ 154.15, we can see it from here too. This line was Sep 2020 top, now it is working as a support, and this movement reinforces one of the most important principles of Technical Analysis that I always mention in my analyses: The Principle of Polarity. CRWD has its challenges, but we see many good signs to work with. Let’s pay attention to the key points mentioned in this analysis. I’ll keep you guys updated on it, so remember to follow me to keep in touch with my future analyses.
NASDAQ:CRWD
by Nathan_The_Finance_Hydra
4
GOOGL: You must watch this KEY POINT closely!Hello traders and investors! Let’s see how GOOGL is doing today! In the 1h chart, it is a clear bear trend, as it is doing lower highs/lows. However, we have a key point to watch from here: The dashed line at $ 2,754. This line was a previous resistance before the Monster Gap after earnings, and when GOOGL lost its strength, it worked as a support for the price. This movement follows the Principle of Polarity in Technical Analysis. Yesterday this line was our resistance again, and this is why this is the most important key point to watch. Only by breaking this line, we would see GOOGL turning bullish again. What’s even more curious, is that when we look at the daily chart, we see two more resistances at the same price of the dashed line in the 1h chart: Coincidence or not, the 50% retracement, and the 21 ema are both near the $ 2,754 area, making it a powerful resistance, indeed. As long as GOOGL remains under this key point, nothing new will happen. However, if it does break it, we might see the end of this bearish sentiment on GOOGL, and possibly even a buy sign. I’ll watch GOOGL closely from now on, and I’ll keep you guys updated on it. So, remember to follow me to not miss any of my future analyses.
NASDAQ:GOOGL
by Nathan_The_Finance_Hydra
4
SPX: Dead Cat Bounce or not? Next key points to watch!Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, it is clearly in a bull trend, doing higher highs/lows. There’s not a single bearish candlestick/chart pattern around, so all we can assume is that the trend will persist, until a clear reversal occurs (Dow Theory, 6th tenet). If it loses again the purple line, then it’ll ruin the bullish bias. This purple line is important because it was a previous top on Jan 26, and it is working as a support today. According to the Principle of Polarity, previous support/resistance levels are going to work as resistances/supports in the future. We have a gap around 4,625, which is a natural target of this bull trend. After many weeks, the SPX finally lost its purple trend line in the weekly chart, indicating some long-term exhaustion. This is different from a bear trend, as we lack bearish structure, but is a warning sign for sure. It is good that it did a Hammer candlestick pattern just above the previous support at the black line, last week. This week, it is trying to resume the bullish momentum, but the question is for how long it’ll keep going up. Or even better, is this a Dead Cat Bounce or not? What’s the difference? Well, we just hit the 21 ema in the weekly chart, if it triggers a bearish structure over there, the chances of a DCB increases. For now, there’s nothing to do but wait for more signs, otherwise we would just be guessing. If you want to keep in touch with my daily analysis, remember to follow me and I’ll keep you updated.
SP:SPX
by Nathan_The_Finance_Hydra
13
AMD: Complete study of the trend (H, D and W charts).Hello traders and investors! Let’s see how AMD is doing today! This is going to be a complete Multi Time Frame Analysis (MTFA), and we'll study the hourly, daily and weekly charts! As we thought, the $ 100 area is a strong support level for AMD, and it did a Double Bottom and an Inverted Head and Shoulders chart pattern at the same time, in the 1h chart. This made AMD reverse the trend, and now it seems we have a sideways correction , and the price is dancing around the 21 ema. It wouldn’t be interesting to see it losing the red line around $ 104.37, as this will be a weakness sign. We can see a sideways correction in the daily chart as well. The 21 ema is completely flat, and the volume is quite depressing. However, it is interesting that AMD is holding itself above the 21 ema in the past few days. If we see any bullish structure in the 1h chart, above the red line we mentioned, AMD might do a bullish pattern in the daily chart too, which could work as a reversal until it hits the next resistance at $ 114.49. In the weekly chart, the trend is still very bullish, and it seems that in the past three weeks AMD has been just trying to retest the black line as a support level again, as it was a previous resistance and a top level back in January. This movement follows the Principle of Polarity . Let’s keep our eyes open on AMD! If you liked this analysis, remember to support this idea and follow me to keep in touch with my daily updates. Have a good day!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
7
NVDA: Watch this key point closely for the short/mid-term.Hello traders and investors! Yes, NVDA is behaving amazingly well recently, and I have some updates for you. In our last analysis, we identified the $ 198.80 as the key point here. Indeed, once defeated, NVDA went up for a while, but now it is correcting again, only to meet the 198.80 another time. Now, this price is supposed to work as a support for NVDA, as it was previously a resistance. This is all about the Principle of Polarity , which we also discussed in my last analysis (link below). It seems NVDA will react near this support level, which is great, but it gets more interesting: We have another support, which is the 21 ema in the daily chart , and it is very close to the 198.80. This is a dual-support level, and it won’t be easy for NVDA to lose it. It won’t be easy, but not impossible . If it actually loses it, probably we’ll seek the $ 187.41 again. In the worst-case scenario, we would see NVDA at its Fibonacci’s Retracements. The reaction in the 1h chart is good, but I would be happier and more convinced of a bullish movement to the All-Time High (ATH) if we see a bullish candlestick in the daily chart too, for confirmation sake. Either way, NVDA will do its movement soon. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
4
SPX: How to use the Principle of Polarity! + Trend analysis.Hello traders and investors! Let’s see how the SPX is doing today! In my last video, we talked about one of the most important principles that govern technical analysis, the Principle of Polarity . It is a must-know technique for any trader that states once a resistance (support) is defeated, it’ll become a support (resistance) in the future, next time the price retests it. The 4,393 is working as a relevant support area, because it was a previous resistance (and previous ATH at the same time). It is also interesting to notice that when the index crashed on July 19, we sought the support area at 4,255, which was the previous resistance level too. Even during stressful times, it is possible to find some sense using price action. For now, the index is behaving as we expected, the 21 ema is going up nicely, and it is another interesting support level for us. As we discussed, there’s a possibility of a Flag pattern too, but I’m not counting too much on that. Now, some people might say, and I won’t disagree, that we have a possible Head & Shoulders chart pattern in the 1h chart. The problem is that today’s movement is ruining the pattern, and we are above the 21 ema again. However, I agree that if we lose the 4,393 in the daily chart, along with the 4,369 in the daily chart, we might see a sharper pullback, but not a reversal . Let’s use Fibonacci in the daily chart: Technically speaking, we could seek even the 61.8% retracement , and the mid-term bias would still be bullish. The index would require a true bearish structure to reverse for real, and as long as we don't see one, the trend will remain bullish. Meanwhile, I’ll update you with my weekly videos and analysis. Remember to follow me to keep in touch with my daily studies, and if you liked this idea, please, support it ! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
12
AMD: It did what it should've done! What's next?Hello traders and investors! Let’s talk about AMD again! As we expected, against all the pessimism, AMD was not a sell, as we thought. My last public analysis was 10 days ago, and the link to it is below this post. Yes, AMD did a bullish structure near its support level. We have a Piercing Line pattern, a very well-known reversal candlestick pattern, just above the support at $ 85.77. This worked as a support level, since it was previously a top level on June 18, and this movement corroborates with the Principle of Polarity. What’s more, this pattern came after a retest of the 21 ema in the weekly chart , something we also expected. This is a bullish reversal pattern that occurred above a dual-support level in different time-frames. This made AMD fly again, but we are not in a bull trend officially yet. The $ 94 area is an important resistance for AMD in the short/mid-term, and could hold the price for a while. Pullbacks to the 21 ema in the daily chart are also expected. This week we have Earnings , and this will surely bring some volatility for AMD. If it’ll crash to the $ 85 or defeat the $ 94 we don’t know yet, but we’ll have our answer soon. Let’s keep our eyes open here! If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good week!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
IXIC: Giving us another TA class! Many patterns around!Hello traders and investors! Let’s see how the Nasdaq is doing today! It didn’t trigger any pullback sign since our last analysis, and as we thought, it is just trending. I see nothing around telling me it’ll drop again, but we have some possible patterns that could cause a pullback here. First, notice the purple trendline . We talked about this line last week, when the price was still under it, and once defeated, the market did a pullback and found a support at it. This is another classic example of the Principle of Polarity in Technical Analysis: Previous resistances/supports will work as supports/resistances in the future. This happens because the market has a memory, therefore, we have key points we can use. What’s more, we have a possible H&S chart pattern , and if we trigger the neckline, by losing the 14,660, then we might see a correction ahead. The daily chart suggests we could drop to the 21 ema, and that would be fine, the trend would still be bullish in the mid-term. If we fail again in closing above the 14,755 then I believe it’ll be an exhaustion sign for real. The chart looks quite stretched and this makes traders and investors nervous about buying at a possible top level. What’s the solution? Pick amazing stocks that are already near their support levels. I can’t even count how many incredible opportunities are out there, we just need to know where to look. Meanwhile, watch the points mentioned in this analysis carefully! If you liked this analysis, remember to follow me to keep in touch with my free daily studies, and support this idea if it helped you! Thank you very much!
TVC:IXIC
by Nathan_The_Finance_Hydra
1
NIO: Do you know about the Principle of Polarity?Hello traders and investors! NIO hit our target at $ 50.40 this week, since we set the target at this level, on Jun 14 ( link to this analysis below this post, if you are curious). Now it defeated the $ 50.40 resistance, and today it is doing a pullback to this price again. This follows the Principle of Polarity : Previous resistances/supports are going to work as supports/resistances in the future. This happens because the market has a memory, and some key points are just perfect for the players to set their orders. Just to give you another example, I think this is better seen on WISH, as we discussed about in this analysis: What’s more, NIO is doing a good reaction above this support, and it is quite close to the 21 ema as well. In the daily chart, we have a classic Dark Cloud Cover pattern, but as long as it keeps above the $ 50.40, all we can say is that this is just a pullback in the 1h chart. The volume is quite high, though, and if NIO triggers this pattern, it might very well retest the 21 ema in the daily chart. We have been bullish on NIO for a quite long time now, even when everyone was very pessimistic about it. This DCC is not enough to reverse the bullish bias, but it might indicate some weakness. Keep in mind that NIO has an open gap at $ 58.65, and this is going to be our next target, if it does any good bullish pattern around. If you liked this analysis, remember to follow me to keep in touch with my studies, and support this idea if it helped you! Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
5
WISH: What does it take for it to fly?Hello traders and investors! Let’s talk about WISH today! Yes, we have a minor pivot point at $ 11.92 in the 1h chart, and if defeated, it’ll make WISH fly again to the $ 15 in the short-term. If it does a pullback to the 21 ema, it would be an opportunity to buy at a cheaper price. I like how the volume is looking here: Higher during the upside movements, and low during the pullback. This indicates that the buy force is dominating. In the daily chart, the key point is the $ 14.97 area . This price level worked as support some times in the past, and now it is working as a resistance, following the Principle of Polarity in Technical Analysis. If it defeats the $ 14.97, then probably WISH will fly again, and the volume confirms this idea. If WISH finally wakes up, it can easily retest the ATH in the next few months. If you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea if you liked it! Thank you very much!
W
by Nathan_The_Finance_Hydra
2
SPX: A new record high! How to proceed?Hello traders and investors! Let’s see how the SPX is doing today! It’s been a while since I did a public analysis about it, so we have a lot to update. First, in the 1h chart, we have a short-term congestion, between the purple line and the red line, which was previously a resistance zone, now support, following the Principle of Polarity. It seems the 21 ema is also another support, and it is now squeezing the index against the purple line, creating what it is called a Trap Zone . At one point, it’ll explode, we just don’t know which direction yet. Either way, we can work with scenarios, and the daily chart will be helpful now: If the index loses the support levels previously mentioned, it'll probably hit the yellow rectangle zone , around the 21 ema and the orange line area (4,119). This could be a buy zone, if we see the right reaction. But what if the SPX escapes from the Trap Zone in the 1h chart upwards? Then it’ll just resume its bull trend, as it has been doing since last year. So far, all I can say is that it is not good to buy near resistances, but we don’t have any sell signs either. Let’s just be careful, and wait for more signs. Remember to follow me to keep in touch with my daily studies, and if you liked this idea, please, support it! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
6
AMC: Another target hit! What's next?Hello traders and investors! Let’s see how AMC is doing today. In our last study, we discussed the Triangle pattern, along with the targets and strategies to use here, and AMC did exactly what it was supposed to do. If you missed our previous study, the link is below. First, in the 1h chart we had an upwards breakout from the Triangle and it hit the next target at the green line ($ 11.52), and it even defeated it, as we discussed in our last study. Now, the green line is supposed to work as a support in the short-term, following the Principle of Polarity . If the green line doesn’t hold the price in the short-term, then the 21 ema might do the work. I’m not considering that AMC will crash again because we are in a short-term bull trend , and we have higher highs/lows in the 1h chart. In this scenario, pullbacks are just opportunities to buy. What’s more, it is important to notice that AMC did a breakout from the Triangle by doing a gap, which in turn becomes a Breakaway Gap . The daily chart will offer us more clues: The stock is breaking the green line, which is good, and it seems the volume is finally starting to increase as well. This can create a new bullish leg, and the next target is the blue line at $ 14.54. The support levels mentioned in the 1h chart are more than enough to hold the price in the short-term, but in the worst-case scenario, AMC would drop to its 21 ema in the daily chart, which is almost the same point the Breakaway Gap in the 1h chart is. If AMC drops, even the worst-case scenario wouldn’t be too much of a problem, as the bias would still be slightly bullish. But in order to make it fly again, AMC must hold itself above the green line. And if you liked this analysis, remember to follow me to keep updated about our daily studies, and please, support this idea if it helped ! Thank you very much!
NYSE:AMC
by Nathan_The_Finance_Hydra
4