The market is a discounting mechanism. When prices rise too high, buyers start taking profits, aiming to buy at lower prices during an uptrend. This behavior sustains the trend. In USD/JPY, this concept is evident. The swing low at 160.26 attracted strong buyers, pushing the price above the previous high, creating a new higher high. At this peak, buyers no longer...
As a market leader, NASDAQ:AAPL running out of steam should foretell what will happen with the markets as well. They seem tired.
This huge semiconductor has plenty of clout in terms of popularity with retail investors. HFTs are likely to gap on its earnings news which arrives on 11/21, next week. Clearly there are many who are confident NASDAQ:NVDA will meet or beat analyst estimates despite setbacks and restrictions. The run hit resistance and became overextended, so some profit...
NASDAQ:TSLA reported earnings after market close yesterday. Pro traders took profits before the close as the run became technically overextended. It gapped down today, but not on the extreme volume we'd expect from the usual HFT activity around earnings. Profit and Operating margins are decreasing quarter over quarter, but revenues and net income are...
We are close to all time high for titan share and a big resistance is out there. I would book profit here and wait for the trend confirmation. Two big probabilities: 1. Open and close above resistance means long. 2. Open and close below resistance is good chance to short.
I suspect that we are seeing some profit taking in this market ahead of its one-year downtrend. Near term uptrend supports are 165.00 and about 160 but the key support is going to be the 157.38/74 band - the October 2022 high and the February 2023 peak, also found here is the 23.6% retracement of the move higher seen this year. Disclaimer: The information posted...
In the gold market, the 2022 high, Fibonacci extension, and top of a 12-year up channel at 2070-2100 are expected to act as strong resistance levels. This could lead to some profit-taking among traders. The divergence of the daily RSI is already indicating a loss of upside momentum and I would recommend tightening up stop levels. Disclaimer: The information...
Bitcoin has been on a run in recent months. However, with the Ichimoku Cloud, we are seeing signs of potential resistance coming up in the near future. This suggests that a correction or even lower lows could be on the horizon for the popular cryptocurrency. According to my analysis, Bitcoin has about HKEX:3 ,000 left of price to the upside before it reaches...
A notable impulsive movement has been observed in the gold market, with the price surging from 1808 to 1831. My technical analysis suggests that the price has entered a profit-taking zone, which could prompt buyers to offload some of their positions before resuming their purchases. Consequently, there is a possibility that the price could experience a temporary...
Today’s content: 1. Why each exit is within 3 months? 2. Why I turn from investing to trading the US markets since Jan 2022 and onwards If you have been following, today’s is the 6th tutorial in our Trading Series: 1. “The buy strategy” 2. “The sell strategy” 3. “Developing long & short-term view” 4. “Choosing between the time frame” 5. “The entry” 6. “The...
Taking a look at the support and resistance levels on the EUR/USD chart Disclaimer The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment...
WING pumped 600% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background). WING broke out of the bullish Zone of the Ichimoku Cloud , which is bullish . The RSI is in the overbought zone at 95. RSI Brown at 133. If we take a look at the Average Directional Index ( ADX DI) its starting to be bearish, as it is pointing downwards....
Keeping it simple because emotion is a money killer. Simplicity is the hardest math. Don't get caught with your pants down again!
Please Like or Follow if you enjoyed this content. UPDATE: The price jumped 908+% after the bullish Supertrend Ninja signal. Second 49% and third time 61%. The Supertrend Ninja predicted the drops of May 2021, July 2021 and Nov 2021. And is giving another potential drop signal 2 days ago. Supports and Resistances are highlighted as grey blocks. Next support...
UPST i had been tracking as a risk off play so alot of people have been selling the positions especially with high inflation scares however i am happy to see it finally bounce off the 200MA cloud on my chart i will keep watching to see it build up from here before i go long with shares and options as this would be a good entry point if it starts to consolidate...
In this video: How to map your levels? How to know your levels? How to map your trendlines and patterns? How to trade up? Cash management strategies Entry and exit strategies How to make disciplined moves?
My last trade in UNH highlights an example of where I look for targets especially within a mid consolidation. When looking at a past high as a potential take profit target often times price will miss the actual proper high. The more conservative and higher probability place to take targets (or look for reversal) is the 50% within the reaction off the last high:...
EOS gained our attention last day, when it was the only growing in price crypto within top-30 on Coin Market Cap. Today it gives a possibility to trade on 1 hour timeframe as well as 1d timeframe. On 1D timeframe EWO shows us a change of wave, which is a good global sign. On the 1H timeframe this position is supported mainly by point of convergence on MACD...