Continue, Pullback or Markdown PhaseI feel that TSLA is in or heading into correction. $214 pullback, continue or correction. Original Thesis was $234-$238 Correction zone with Pullbacks and gap fills before big Correction.
This would also be a great BullTrap so that Wall-street can bank on the $200 Call Options this week.
*TSLA is STRONG, The Markets have been Rallying but there are Warning signs that we are in or going into correction.
Bullish Thesis Continuation idea: this is a set-up for impulse move to $223, pullback then or continue to then $238 & gap fill with big sell-off
Lots of TSLA Events coming up which is bullish for next couple of weeks
*Pullback/Correction Idea:
Measured Moves: Extension and Retracements are matching. Extension: 2 Retracement 0.618
Date Range from capitulation event to now are equally measured.
If $215 is broken then TSLA can continue to $223 for wave 5 and correct (Bullish Final Move Idea: this is pullback for pop to $223 and pullback)
If TSLA stops here and the Markets Correct then this could be the set-up for Pullback or Correction. (possible sideways trading for next 2 weeks)
*Daily Volume is showing only Buying - Small Time frame is showing Steady Selling and Impulsive Buying with Automatic sell-off. These are signs of Wyckoff Distribution Phase. *** Pullbacks being bought up are Strong Bullish signs* but TSLA Price has Moved up only 6% in 10 days...on large volume, so distribution is happening, amount of effort to move price is becoming harder to maintain price markup...but is it in correction mode yet is the question.
TSLA can still go higher to extend Impulsive wave 5* currently Wave 3 and 5 are of equal distance which could represent end of Markup. note:I am not an Elliot Wave Expert*
Bearish Sentiment:
Greed is strong
*Seasonality- Markets tend to Drop off Mid February
Vix above 20
us 2y, us10y, dxy,vix all breaking out.
Divergence of NYSE ADV/DEC
Current Sentiment: Bearish* Drop here or possible Upthrust to $223 with Hard-sell below $200
Let me know what you think
Pullback
SPX: A Pullback in a Bull Trend.• The SPX is correcting today, however, it is still above the 4,100, indicating some strength;
• If the index drops more, and loses yesterday’s low, we might see a sharper correction. Probably the SPX would lose the 21 ema in this scenario;
• For now, it seems the bulls are in control, despite the pullback. As long as the index remains above the 4,100 / 21 ema, the gap at 4,218 is still our target;
• The index is correcting, but there’s no clear bearish reversal structure on it yet pointing to a real reversal. I’ll keep you updated on this.
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Pullback buy in LTHLife Time owns and operates a chain of “athletic country clubs.” They are basically high-end gyms offering everything from free weights and elliptical machines to steam saunas and smoothie bars.
The company went public in late 2021, right before the bear market began.
But the stock is now soaring…
I have circled the signs of accumulation in the volume candles at the bottom of the chart.
Notice the huge influx of buying on the way up and the relatively light volume on retracements. This looks like institutional buying and a sign that buyers are still in control.
Last week’s pullback to the 21-day moving average is buyable in my opinion and should be a good entry point as long as the overall market holds up.
I am taking a position here with a stop below 17.00.
New AI on The BlockIt's starting to look like some bullish signs are coming into Artificial Liquid Intelligence. We are in a falling wedge after a massive pump and have retraced well over 50% to hit the 786. CCI ribbon is oversold with divergence and smii is under 0 and has the potential to make a crossover at any time. Targets are in the bull flag approach including a more conservative level. Set your own stops.
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Happy trading.
Silver buy setup pullback 21$ area support should make a huge bounce back
Should make a huge nice buy pullback set up.
Sell off ether 22.500-23$ area or nearly at 24$ zone.
Good luck y’all big drop should be coming after pullback correction
If it decide to slap us hard with the big drop then we have a problem
SPY QQQ HYG Divergence again I’m not sure if SPX/HYG divergence is reliable moving forward, but this indicator has proven pretty effective last year. We are currently diverging again, last 3 major divergences created pull backs of -17%,-13%, -21%
Any thoughts from my fellow analysts?
Any other divergence indicators you can share with high probability?
Good luck to all
$NDSN is coming up on the right side of its base!Notes:
* Strong up trend on the higher time frames
* Strong earnings track record
* Basing for the past ~15 months
* Increasing volume on the monthly and weekly charts
* Currently breaking out, with volume, of a long germ pivot of 242.64 on the weekly chart
* On the daily chart it broke out, and retested that pivot as support while also pulling back to its 20EMA
* Has been seeing more accumulation recently, indicating institutional demand
Technicals:
* Sector: Industrials - Specialty Industrial Machinery
* Relative Strength vs. Sector: 1.41
* Relative Strength vs. SP500: 1.09
* U/D Ratio: 1.24
* Base Depth: 37.2%
* Distance from breakout buy point: -7.93%
* Volume -60.53% below its 15 day avg.
Trade Idea:
* You can enter now as the price is bouncing off of it's long term pivot of $242.64 and also its 20EMA
* If you want you can place an order around the $242.64 area as well as it may retest it as support since the volume is low on the daily chart.
* Statistically, this stock may go 22.14% higher from here. Of course that won't be immediately but, looking at its history it could push higher using it's 20EMA as a dynamic level of support and get there.
TSLA: Big Move Ahead.• TSLA is struggling under the resistance at $200;
• This doesn’t mean that TSLA is poised to correct or reverse, as there’s no top sign on it yet;
• Right now, TSLA is in a “no man’s land” between the $182 - $200;
• Only if TSLA loses the $182 we might see a sharper correction to lower levels – remember, since it is a bull trend, corrections might be opportunities to buy/add position. As long as TSLA remains above $182, no correction will occur;
• On the other hand, if TSLA breaks the $200, then the bullish bias will persist, and the next technical target is the $237;
• Either way, if TSLA corrects, now would be a good time to see a top sign, since we are under a clear resistance. Let’s see how it’ll react today.
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btcusdt; We need a pullbackLast day the price broke the purple support zone
But pullback has not reached this area
Therefore, the divergence of recent lows is also observed in the rsi indicator
If the yellow downward trend line is broken in the rsi indicator and at the same time; If the price can break the red zone, we can expect the price to rise to the purple zone
TSLA: This is Important.• TSLA broke our key resistance at $182.50, which we mentioned yesterday, and this is very important, as indicates that the trend might persist (the link to my previous analysis is below this post, as usual);
• Now, TSLA is in a clear bull trend, and there’s no top sign indicating a possible correction;
• In fact, this Monday TSLA did a Dark Cloud Cover candlestick pattern. That could be a top sign, but TSLA rejected completely this pattern yesterday;
• Now that TSLA is breaking our key point at $182.50, it is heading to our next target at $200;
• Even if TSLA corrects, any pullback would be an opportunity to buy, because the bias is clearly bullish in the short/mid-term;
• I’ll keep you updated on this, as usual.
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AUDUSD Watch: Key Level Break and Lower Low, Wait for a PullbackCheck out my previous post "Breaking Down The FX Market: What You Need To Know" for a comprehensive video analysis.
The AUDUSD has been in a bit of a tricky situation lately, as price has broken a key level and made a lower low. This has traders wondering where the pair may be headed next. However, before jumping in, it's important to wait for a pullback and not chase price. With the upcoming Federal Reserve rate decision, it's important to keep a close eye on the market and be cautious in your trades. The FED is expected to raise interest rates, which could have a significant impact on the currency markets. This means that traders should be paying close attention to the market developments and be prepared for any potential volatility. By being patient and waiting for a pullback, traders can better position themselves for success in the AUDUSD market.
TSLA: Fantastic Reaction. 👍• TSLA is doing an important reaction, as it is trying to reject the Dark Cloud Cover candlestick pattern, our top sign from Monday;
• This top sign wasn’t completely rejected yet, but even if TSLA resumes the drop, there are many support levels to hold the price;
• The first support is the $154, then the gap area around $146. What’s more, there is the 21 ema, which is ascending right now;
• A pullback to any of these support levels could be an opportunity to buy at a cheaper price;
• The key resistance is the $182.50. If TSLA breaks the $182.50, then our next resistance level is the $200;
• I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
AUDCAD - Looking To Sell Pullbacks In The Short TermD1 - Bearish divergence.
Currently it looks like a correction is happening.
Expecting short term bearish move towards the key support zone .
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.