What's next on Tesla? (using stop-gain) 👍Tesla is moving very slowly these days, but that’s fine. You guys know that I bought it recently at 580s, and I want to share my strategy with you.
Now TSLA must break the 615.42 to hit our target at 635. We are above the support at the 20ma and finally the BB are not that tight anymore. The volatility is increasing, but not that much.
We have a RSI divergence in the 4h chart, and this could help us here, but it is not confirmed yet. If TSLA breaks the 622.92 then we’ll see a confirmation.
For now, we’ll just manage our positions the best way we can. Now I set a stop-gain below the 600s for half of my shares, and I’ll keep the original stop at my cost-basis for the other half. This way I won’t lose anymore, and still can win if everything goes wrong. I’ll keep you guys updated.
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Melissa.
Rsidivergence
Watch these patterns on GOOG! 👀Ok, GOOG has a head and shoulders in the 30min, and we see an advanced breakdown as well.
The RSI is not following the 4h chart as well. If GOOG triggers the head and shoulders in the 30 min, we’ll see a correction that could last for a few days. We were above the BB today too, indicating that any bearish sign trigger the pullback we are talking about.
This is not a sell sign yet, but we could see one soon! Oh, and no, I don’t believe GOOG will fail, please, but I think a correction will be very good for the stock. 😉
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Melissa.
Nasdaq Forming Strong Divergence!! SHORTIn this post I am trading divergence using a variaty of indicators. All of them are public excep for the "LIXX Divergence Indicator" which is simply a copy of VMC Market Cipher B, which is also public.
I you have any questions, leave a comment below and I will respond as quickly as I can.
As requested, we'll study PTON today!As a request from my buddy @ke-3a, I’ll analyze PTON today!
In the 30min chart it did break the 104.50, a pivot point, and reversed the sentiment nicely. Now, it may seem PTON just hit its target at 110.56, and is starting to look overbought again, as the RSI is quite high too.
But this is not true in the 4h chart. The chart is pointing up, and the momentum seems good. We have a line connecting the bottoms in red, the 20ma is a support too, and the most interesting part: PTON hit the $ 102.56 and it is going up again. The 102.56 was a resistance a few days ago.
The problem is the RSI that did an advanced breakdown. So, if I had PTON, how would I proceed?
A correction in the 30min is expected, maybe to the 107 again, but it must not break the 102. If this happens, we’ll see a head and shoulders + advanced breakdown, and I would just get out of it.
But the 113.91 is another pivot point, and if PTON breaks it, the 125 is our next stop. I would hold it and look at these points.
I hope it helps! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
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Melissa.
NZDUSD - Support and ResistanceThe market has broken and closes below the rising channel which may put a stop to the upward trend. With that, there will be a potential Bullish Crab Pattern forming up and with that, it gives us an opportunity to short on the key level of 0.7213. You can wait for a double top and an RSI Divergence on the 1-hourly chart for the trading confirmation.
EURUSD-Weekly Market Analysis-Jun21,Wk2Three weeks ago I've shared a Bearish Shark Pattern on the EURUSD Daily Chart. It will be a pity if you have missed it. At this moment, if you are still looking to engage this trade, you have to wait for the candle to touch the upper channel without closing above it. Be in our community so you won't miss such trading opportunity again.
JPPOWERBULLISH DIVERGENCE : A STOCK IS SAID TO BE IN BULLISH DIVERGENCE WHEN MOMENTUM IN RSI INDICATOR IS MORE THAN THE PRICE MOVEMENT ,AS ONE CAN SEE IN THE ABOVE CHART PRICE MOMENTUM IS IN DOWN TREND WHEREAS RSI MOMENTUM IS IN UPTREND THIS IS AN INDICATION OR SIGN OF EXTREME BULLISHNESS
I HOPE U ALL UNDERSTOOD THIS CONCEPT CLEARLY IF SO PLEASE SUPPORT BY FOLLOWING AND LIKING
Trading inside a consolidation! 😒Now the situation is getting clearer on NIO to me. I see a consolidation between the 42.34 and the 40.89.
To the side it breaks, we’ll see a good movement next.
If NIO breaks the upper line, then the 46 is the next stop. If NIO breaks downwards, then the 20ma is the target. It seems simple enough to me, but it is not over yet!
The problem is the RSI. We have a small divergence, and it is overbought. This makes me more comfortable with the idea of a downwards breakout to the 20ma. Then the RSI will cool down, and the risk-reward ratio will increase too.
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Melissa.
Good patterns above the retracements! 👍Yes, in the first candlesticks of the day Tesla closed above the 580 we talked about yesterday, and it was a powerful candle, btw! Powerful enough to create a divergence between price/rsi!
Tesla also did a bullish reaction above the fibs retracement, which is great! Now the only thing that would made me believe it’ll drop to the 540 is if it breaks the 577 again, and this will be a dead cat bounce. If not, then the 635 is the next stop for us.
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Melissa.
It did a good movement today! 😯Ok, AAPL didn’t hit the 122 as I thought, but it is looking good today!
Yes, it broke the 125.23, my original buy point, before I thought it would drop to the 122. Since the beginning I was looking carefully at this strong RSI divergence, but the bulls appeared before I expected.
Now I think any pullback will be a chance to buy, and the target is the 127.90.
We have a consolidation on AAPL, and the 127.90 is the next stop for us. The RSI is interesting here too, and perhaps we’ll break the 20ma for good. If AAPL drops again, it’ll be a chance to buy.
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Melissa.
Going to the $ 122? 🤔Ok, the RSI divergence persists, but AAPL is not giving any buy sign yet. Remember, we trade price, not indicators!
At any moment it could break the 125, and today, it lost the support around 124.
In the 4h chart we are heading to the 122, which is the place we’ll buy AAPL, to sell at 127.90, with a tight stop-loss. The more it drops, better the risk-reward ratio gets. But as I’ve been saying, probably we’ll see another chance to trade next week.
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Melissa.
Several patterns around! Which one will prevail? 👀The Nasdaq did a double top pattern today, and a strong RSI divergence, and this made the index drop again to the 13,600, the base of the range it is in.
Now, there’s a chance that it will break the 13,700 for good and hit the ATH: It must break the 13,695, as this is a pivot point + 20ma resistance.
On the other hand, we have a possible bearish scenario in the 4h chart:
The 13,700 is a good resistance for the index, and today we had a pretty big candlestick that could dictate the next steps for the tech stocks.
If the index loses the 13,602, then probably it’ll keep correcting, maybe to the 13,400 again.
So, we have a few points and strategies to use here, despite the complexity of the moment. This week might be boring, but I believe next week we’ll see some intresting stuff around.
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Melissa.
A virtually perfect trade. GL to those who are still in!Ok guys, our trade on TSLA was virtually perfect (technically speaking). You'll find the links to our last 2 analysis, when I pointed the trigger point (Friday) and the analysis we studied on Monday, if you need more details.
But I'll summarize for you. First, Tesla broke the 592, the trigger point, and we had the confirmation of an advanced breakout on the RSI as well.
Tesla did trigger the trade, and it did the pullback to the 596 as we also discussed in our last analysis, giving another chance for the late traders to buy Tesla.
Today, it hit the target we mentioned on Friday, the 626.
Tesla has more upside in the 4h chart, as it is not overbought at all, but since it just hit our target, I think it is time to book profits. It was a perfect trade, and I'll just wait for another opportunity. Also, we have a divergence on the RSI in the 30min chart, so, I don't want to take any chances here anymore. I'll hold a just a small position here, and quit most of it.
I'll keep you guys updated about Tesla.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
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Melissa.
NZDJPY - Bullish Butterfly PatternA Bullish Butterfly Pattern is about to emerge, I'm waiting for the candle to touch 77.91 and retraces for a valid pattern. But for some Harmonic Pattern trader would have treated this as a Type 2 trade as the candle circled in yellow is close enough to them. It misses the completion by a pip. I'm not going to argue on that as every trader can have their own trading rules and they have their own trading decision to make. I'll still wait for the candle confirmation at 77.91.