A short-term bullish set-up in APL APOLLONSE:APLAPOLLO
The stock has taken support on the support trendline and looks to have started a bullish trend.
One can enter for a swing opportunity at CMP.
Target 1 in the previous swing high of 982.
Target 2 is the resistance trendline.
Target 3 is 1193 which is Fib retracement line.
keep a trailing SL below the support trendline.
Happy Trading.
Shortterm
Can the tesla fall and by how much???Let's try to see where Tesla's price can drop to. Now the important point is that if there are no more buyers and the price goes over a thousand, then the nearest pivot point according to Fibo, will be 918.5.
For now, we stay out of the market and watch. If you short, then very carefully.
It is better to put a limit order)
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Weekend target of 56k possible for an ABC correctionThere looks to be a high possibility that bitcoin is currently in an ABC correction coming down from the current ATH.
As shown, A ended at ~59.5k with a 5 wave correction down and now we are an ABC correction (shown in green) for a larger B correction up.
I think from here bitcoin will fall back to the 61k region with a bounce to 64k to complete the B wave.
Note: A break of 59.5k would invalidate this and we would have to say Wave C down has begun with Wave B ending at 63.7k and have to find new potential targets and Wave counts.
Then after, 5 waves down to complete the C wave which shown by an estimation of a 1 to 1 retrace puts it near 56.5k.
As to the timing I use parabolic curves (I have found to be good at finding reversals) for the B wave ending on the 4H chart:
For the ending C wave:
This also suggests that it may drop to around 56k as there is a strong potential for support here as shown by the green horizontal line drawn in.
I would say most likely a bounce will happen in this area as long as it follows this path.
There currently is hidden bullish divergence on the 4H RSI which I believe to be playing out now and also a hidden bull is showing on the daily.
I believe for the daily RSI though there is potential to be a stronger hidden bull that will occur following this ABC correction
Yellow - Current Hidden Bullish Divergence
Green - Potential Hidden Bullish Divergence at the end of Wave C
To invalidate this being an ABC correction, or to say it already completed, it will need to break the current ATH, then I will need to reassess as to where the new target may be.
As to what this means overall for bitcoin I will wait and see as to what happens next.
If this is a B wave we're currently in I will like to see where it ends first. After that it would be more accurate to figure out where Wave C would end and then determine what count we are starting on the larger time frames (Weekly and up).
I will post more ideas to this and more about the idea of still seeing a new ATH in the near future and what the potential target(s) may be.
***Disclaimer: I am not a financial professional/expert and all ideas from me are all speculation based off of my own research. Please do your own research as well as I am not responsible for others when it comes to their financial decisions.***
Set To Fall NKE is set to fall immediately, I have placed a large position to put NKE.
Technicals to look at:
Divergence+ gives a sell signal & their signals have not failed me in the past. I have been a long term customer and the profits I have made from these signals have paid for the subscription the remainder of my life. These signals are based on RSI & divergence. I am sponsored by @marketscripters so please message them for info on a low cost subscription that can help you make better trade decisions.
The MACD also shows weakening bullish divergence & growing bearish divergence
Guth 3x Confirm also has 2 very strong sell signals
My plan is to buy Puts for $155 a share Expiring 10.22.21 at the open of todays trading session and scalp a 5-75% profit based on this drop
Follow for more charts like this
Short term bearish opportunity Nice potential H&S pattern lining up on 1HR. Need a break and retest of the neckline to confirm.
Would look to short on the neckline break and retest using a fib extension 1.272 target.
Could easily be a 2:1 RR depending on your stop placement.
MACD Divergence
Wave 5 completion (depends how you read the count)
Good RR
Clear H&S Pattern
TATAMotors ShortTerm Trade & Long+Mid Term Investing OpportunityStock broke down in the previous triangle pattern due to news regarding chip deficit and is nearing the strong support zone around 285 RS. It may find support and undergo a reversal rally within the current prize channel or breakdown causing further crash. Brokerage Houses around the world are bullish on the stock. Stock is good for traders to enter or for long term investors to enter as this price acts as a strong support zone preventing further downside with upward potential.
Enter The Stock after confirming support around RS 280-290.
Target Price - RS 338-355 (Near the Resistance for *Traders*) (*Investors* Can Hold on to the stock without exiting the trade for medium to long term investments)
Stop Loss - RS 260-250 supported by strong support and 200 EMA below (For *Traders*)
Risk Reward Ratio for Traders - 2:1
DYOR before taking action. No Trade can be 100% Successful. Position Sizing Is Important.
Also note for investors - This is not a Investment recommendation. It is just a good price level to add up stocks or newly invest into TATA Motors due to technical situation of the stock.
SHIB Smart PlaysHere’s my insights on how I’m playing $SHIB, meme coins can be even more profitable with proper analysis and not just wishful hodling.
SHIB/USDT has been keeping consolidation patterns and is currently in consolidation right now. Volumes still in the billions and social media presence is still buzzing. Analysis report is remaining in BUY.
SHIB has been steadily spiking and dropping about 20%-30% and then repeating the process for the past couple of days. All stats are still pointing at another spike, and then opportunities to short.
I’m currently holding 1 futures contract on SHIB (long) and holding a bag of about 10M (to pull after potential next spike). Then the next drop I can open short futures contracts and keep repeating this process until the pattern breaks. Following this allows profits to be obtained in both directions
The Solana Dichotomy - Pump Versus DowntrendWe are very close to finding out if the Solana bear market is upon us, or if the September bull run will continue as an uptrend.
Solana has been gradually going down since the peak of the bull run in September. The price needs a proper correction and this due is starting to knock on the door. That said, there are also short-term / immediate indicators of a possible continuation of the bull market from September, which I have charted.
I have also charted Solana in a triangle formation and I have charted the long-term implications of Solana following the triangle formation in a downtrend, using historical and initial support to draw out a long example of what that could look like. The triangle formation concludes in March 2022 when the long-term support indicator converges with the current downtrend indicator.
MFI indicator is hovering around 50 and squeeze indicator is showing first sign of market momentum changing, which only adds more uncertainty into the mix on how Solana will play out in the immediate short-term.
I am not making any claim or taking any position on the future of Solana, and I am also aware there are plethora ways to chart this possibility or that possibility and therefore I am making no claim as to whether either projection will come to be. Instead, I am trying to observe the transient dichotomy which may be immediately relevant to a new buyer or a current stock holder entering the Solana market: will It pump or will it fall?
HOPEFULLY BULLS WILL STRIKE IN AND HIT MY TARGET.The first question i always ask myself is "who is in control of price?" that way i can analyze my trrading from a price action point of view.
So, who is in control of price on this one? First we have a bearish trend followed by a tiny pull back and then an indecision candle which tells us that the bearish power might transitioning to the bulls. Of course i might be wrong, but that is why i keep my Risk/Reward a 2:1 minimum, that way i only have to be right 40% of the time in order to be profitable.
"Trading is not about being right most of the time, its about being profitable" - Anonymous
Trading Details:
Time Frame: 8hr
Entry: Above the high of the indecision candle
Stop loss: A few pips below the Indecision Candle
Risk/Reward: 2:1
Account Risk: 2%
BTC Drip DropDrip drop, drippery drop! Tried to weigh both scenarios I'm actually bullah bias... But the chart is telling me the contrary :D
- Symmetrial Broadening Wedge often more bearish than bullish, counting the waves inside it turned out bearish.
- Elliott Waves count point for a retrace to Wave 4.
- Resistance area @ 49k-51k
U do the math!
Ask the Creator 2 Reconcile n Pay!