AAPL Apple : Short-term buy to key retest level 16.5Very straight-forward technical analysis .
Apple broke below substantial support trend-line beginning of May 2022.
The support was stretching higher with higher lows since early 2020, this changed just about a week ago.
The drop below the trend-line continued with a sharp drop from 155 to 139 at the lowest.
Connecting short-term lows provided support around 139.
Currently, short-term highs and lows converge into a 'falling wedge' pattern which may be bullish .
The only confirmation of bullish substantial movement would be with a break higher than 155 back to the long-term trend-line and therefor the breakout up of the 'falling wedge'.
A more likely scenario and the projection of this chart, is a retest of 155 post breakout - Which once retest confirms, would be the continuation of the down-trend.
In summary, Apple with high probability is going back to retest the long-term breakout, which makes for a very short-term buy.
**We must remember Apple went from $54 in March 2020 all the way to $180 early 2022.
There's plenty of room for Apple to correct down.
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Stockmarketanalysis
Key markets to watch and levels for entry setupsShare markets bounced back as the European and US markets brush aside higher inflation on the back of resilient Consumers. Markets are only in correction mode and have not built a longer term base so I expect a grind up prior to another bout of selling pressure to come in to the action. The Fed does not seem as intent on containing inflation as first thought as we see the USD re-adjust lower.
The general trend for major Indexes remains down with the the USD in the driving seat....continuing to be careful into shares as prices could continue the trend lower.
BITCOIN and ETHEREUM are struggling to find buyers as prices hold lower highs and edge down into major low territory. Concern is that there is more downside to come as bulls remain on the sidelines.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
Wyckoff Zone EurusdThe Wyckoff Line indicator is created based on the activity of professionals and the identification of liquidity zones to which the price is attracted.
Remember that the market is driven only by supply and demand. No technical indicator will tell you in advance that there has been an imbalance of supply or demand.
Listening to the news, you can put yourself in a state of wrong decision, so make decisions only about the areas of activity of professionals. By understanding where the supply and demand imbalance occurs, you can properly align your work strategy.
The indicator has an intelligent algorithm that takes into account the activity zones on various timeframes that are above the work schedule.
Also on the indicator is the VSA system, which determines the entry point for buying or selling a certain instrument. The entry point is determined by the imbalance of volume and price according to the principle of lack of demand or lack of supply in liquid zones.
Take a look at "Figure 1", which clearly shows the proof of the offer, after which the price reached the next level of liquidity in WMT shares.
The following example clearly shows a purchase after a downtrend, which, after passing through the liquidity zone, determined a clear signal to buy AAPL shares.
The essence of the indicator is that a high volume is always a liquidity zone to which the price will constantly strive. The indicator identifies the liquidity zones of professionals, which it sets on ascending timeframes using certain settings of a large volume bar. And along with the indicator package, I am providing a tutorial video where I will tell you how to use this indicator. And I also give various copyright settings and recommendations for entering or exiting a position.
Now let's analyze the sell signal. Here is an example of one of the sell signals on which the indicator clearly worked:
The price reached the liquidity zone and signaled three times that it was time to enter the position. In addition, using completely different entry methods, you could sell KO shares or, if you were trending upwards and your methods are not related to sales, you could exit your position on time.
The uniqueness of the indicator is that it works on a chart like TIC TAC Toe. By setting liquidity zones, you can use the signal of this indicator without any market noise to enter a position. See the following example in which you entered the MSFT promotion:
snapshot
To start using the indicator, you must write to me in a personal message.
I will send you instructions on how to use the indicator and your recommendations (how to enter and exit the position) and the settings of the indicator.
Throughout the entire use of the indicator, you can get free support and advice from me by writing me private messages.
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TSLA Tesla : Where will Elon navigate the ship to? 24.5A long-term support trend-line ongoing since March 2020 was broken down Feb, March 2022.
Since, we had a false break back up April 2022 and the price went back below breakout very quickly, as well as retest of the long-term breakout down once again.
630 - 540 is support range and if holds may be the lowest point we will see for Tesla.
A break below may open the way to 350-200. A break below would be a weekly open below 540.
A correction back to 750 is possible within the down-trend (connecting highs trend-line).
The fundamentals going for Tesla are simple : Technology, tracking, real estate, branding, CEO
The fundamentals against Tesla are : Recession, inflation, overpriced auto manufacturer, supply issues, Twitter deal instability
Overall - We may be going to a heavy landslide with a close below 540. Keeping above is a good bullish sign.
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Stock local bottom in for a while?All 3 major US indices hit major key levels and bounced nicely. The S&P500 swept several lows and formed a nice bottom. It also hit the S3 Monthly pivot and has now reclaimed the S1 Yearly pivot, and is looking fairly strong. The Nasdaq 100 swept the November low, right before the huge rally begun, and partially filled a large gap on NDX/QQQ. The Russell 2000 hit the 2018-2020 highs, and like the Nasdaq, it essentially retraced the entire election/vaccine trade.
Based on all the above, the bottom could be in, especially as the SPX corrected by 21% and the other two by more than 30%. However there are many key resistances levels above, and it doesn't feel like we've seen capitulation yet. Not only that, but not all key areas have been hit. I could see the SPX getting to the Sep-Nov 2021 highs, while the NDX and RUT would fully fill the gap from the vaccine/election trade.
Essentially I'd like to see the SPX get properly oversold as so far it is simply as oversold as it was in Dec 2018, yet valuations are way more extreme and charts look a lot worse, as well as seeing the NDX & RUT hit their S3 Yearly Pivots and sweep a few more lows. For example the RUT has formed a double bottom right above the gap, and that's why I think we have at least one more push. Doesn't mean the market is going to melt down and that we'll get a huge bear market, but as the typical bear market for the S&P is about 30%, I'd like to see it at least get down there.
Until then though, I do believe the SPX could get up to 4300-4400. I believe a local bottom could be in and a 10% bear market rally is possible here. My target is the key breakdown zone at 4360 that was never retested, along with the triple top at 4300. Getting up the Yearly pivot before getting smacked down again is more likely in my opinion than going straight down from here. In my opinion people got extremely bearish, while the market got extremely oversold, hit major targets and at the same time inflation seems to have peaked.
Bitcoin saved from a beating as major Indexes rallyShare markets bounced back as the European and US markets brush aside higher inflation and rate rises. Markets are only in correction mode and have not built a longer term base so I expect a grind up prior to another bout of selling pressure to come in to the action. The Fed does nit seem as intent on containing inflation as first thought as we see the USD re-adjust lower.
The general trend for major Indexes remains down with the the USD in the driving seat....continuing to be careful into shares as prices could continue the trend lower.
BITCOIN and ETHEREUM spiked into and then rejected lows but remain heavy as lower highs hold. Expecting to see further selling if bulls can not move prices off support areas soon. If the share markets again move lower, then concern will be for a meltdown into BTC and ETH through Daily support areas.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
ADSK
The breakdown of the double bottom and the lack of demand gave me a good sell signal. The sector is in decline. My Wyckoff zone liquidity zone indicator clearly identified the zone to which the price was attracted
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US Dollar RetracementThe US Dollar Index (DXY), which tracks the greenback versus a bundle of its main rival currencies has ended the week bearishly confirming a reversal candlestick (Bearish Engulfing) after sliding by 1.34% throughout the week. The weekly chart shows the potential for a retracement, even within the ongoing trend, the next support lines up at 102.65 (weekly low May 19) followed by 102.35 (low May 5) and then 99.81 (weekly low April 21).
The dollar and gold have been well proven to be safe-haven support from the negative impact of the worldwide negative pressuring factors. The US dollar has also benefited from a special bid due to technology stocks. That bubble is bursting at the moment and it will draw money out of the US during the next wave of investing, which will be in value stocks.
Trading plan and review of Key Levels for major marketsReview of the key levels in the major markets as global markets continue to bounce and find more buyers. Powell was concerned for the high inflation levels and hinted at being more aggressive if needed sending bond yields higher. Traders focused on the stronger than expected economic numbers and the resilience of the US consumer. USD fell away from highs as safe havens exited.
The general trend for major Indexes remains down with the USD, Inflation and Interest Rate Rises in focus.
BITCOIN and ETHEREUM remained around lows as buyers remained on the sidelines unwilling to again follow share markets higher. Expect that if share Indexes again turn south, cryptos may take another hit.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
Nasdaq (5/2/22) - BULLISH - Bullish rally coming this week?Nasdaq (5/2/22): After the announcements of the expected 500 basis-points rate hike from the FED last week, there was a mass sell-off in the markets. However, we're now getting Bullish Divergence on the RSI. This means that we are losing strength from the sselling pressure. We are likely to bottom out soon, maybe today or in the next couple of days.
Crypto: For those crypto investors/traders, this also means that we are likely going to get a Bullish rally this week/next week. Bitcoin/Crypto has been following the Nasdaq quite closely since late last year. We can see there is a direct correlation between the two and I've been using the Nasdaq as an indicator for Bitcoin.
Sidenote: We are in a BEAR market so far in 2022, so I do not believe that this rally will send us into new All-Time Highs in the stock market. I do believe we are going down much lower this year eventually. Every rally will likely end in a Bull trap and sell-off. The possibility of a continued sell-off here, even though the RSI is oversold, is always imminent as well. I would also not be totally shocked to see the market just continue down from here. However, these are my thoughts based on the current look. Will be watching and updating.
SPX Short Term Rally On The TableMarkets are oversold and as bad as the Macro Environment is, things are not spiraling at this very moment.
I suspect we will continue to see momentum swing to the upside short term as we head into the rest of this week.
It is possible we are seeing a false move on a Monday but TA suggests a fair chance for a bounce.
Now, this does not detract from my overall Medium-term sentiment.
Because if you look here, things on a Macro scale are still at risk: This is the NASDAQ
I measured the number of days it has taken the NDQ to retest 50ma monthly. We have now exceeded the last time by 607 days. That paired with Price still just landing in the middle of the channel suggests medium-term downside still. Pay attention to RSI as well. It seems like a textbook Bear Market rally.
This is also a Dooms Day Scenario for the SPX:
Here is the Macro view for reference:
I suspect as the market continues to rally, Powell will make his appearance and cool down the markets once again as he continues to fight for Price Stability and maintain a Hawkish Stance.
For now, we just ride the potential wave to restest the lost level and go from there!
Please express any opinions down below;
Can DJI do what BTC did in 2021Overall macro trend and potential of any big markets are the full fib retracement prior to the largest correction they had. DJI is just met 3.618 and it seems the stock market might have a rally or one more push. to explain it better BTC had the same pattern in 2021. The first bull in Q1 2021 was massive but not reached its full potential like ETH. The Q3 rally was to finish the hype in a larger market cap. in Crypto and stock, there are plenty of (shares / Coins) that have been sitting in a low areas and usually, they will come when most of the market is done but one last hype/euphoria has remained. I believe the time is coming but I believe I am not a professional TA as well :)
This is just my vision and idea, please do your own research and share your opinion :)
Predicting the stock market crash.In 2019, I predicted the stock market crash with the link here:
Then, in Jan 2022, I predicted the drop on the top of SPX500 ,
Now, I am updating on it that it will continue to drop and sticking to the bias as monthly closing bearish .
I would be waiting to buy stocks when it bottom !
Bank Nifty Intraday StrategyHi Everyone ....
Hope you all are doing good :))
First of all yesterday US market down by 1000 points so maybe banknifty gives us a gap-down opening.
So Let's try to understand today's #banknifty chart,
Here we can see that banknifty taking a support near the level of 35100 and previously it takes resistance at the level of 35800 but now resistance shift down side at the level of 35600.
Now let's see how to trade today>>
1. As we know market open with a gap so if banknifty go below the level of 35100 then go for the PE till the target of 34700 also 34700 is a golden zone so 34700 works as a good support.
2. 35100 is also a good support if banknift fill the gap then go for CE till the target of 35600.
3. If we get banknifty near the levels of 35600-35800 the go for PE till the target of 35100.
That's all for the day.
Thank YOU:))
Bitcoin Stock Market & Recession CorrelationI wanted to create a view to hightlight correlation and Bitcoin (BTC) with the stock market (here the S&P500).
This chart has many areas of interest.
It shows Bitcoin can be completely detached from the stock market (as it runs it somewhat independent cycles).
It also show Bitcoin can be indicating a stock market top.
We only have one recesssion to observe Bitcoins behaviour. It show Bitcoin seems to have been affected by the recession in 2018 (respectively the 20% drop in S&P500).
If we consider where in the cycle Bitcoin is and expect a recession in global markets it is difficult if not just simply impossible to predict Bitcoins behaviour.
The assumption is Bitcoin can act independent of the market.
Market participants could more and more use Bitcoin and not to forget the crypto market as a whole to hedge inflation.
What the chart shows beautifully is that Bitcoin clearly has the higher rates of return! ;)
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Global Market Rolling OverThe VT which tracks global indexes is showing clear signs that the global market is rolling over to the downside. The end of this decline is around the $79-83 price range. With geopolitical and inflation concerns, we could reach this buy zone quickly. At that point, there will be a lot of stocks at a great discount.