Hello traders! If the price breaks the 1.10200 level, then we have a buy move at the 1.11000 level. If the price drops below 1.0970, then we will have a sell movement at the level of 1.07500. Be patient and wait for the breakout to enter the trade. Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
There has been a very good year for Tesla with the stock starting the year at 100 and reaching a high of 300 in summer. A correction followed, but even if the ascending trend line was broken with a gap in October, Tesla found a very strong floor in the 200 region and rebounded, giving us a very nice bullish chart for the year. Technically, the drop from 300 is...
Just an update from the original post. Still working to the T! Said it would bounce off 450s 3wks prior to the move then said its going to 540 1st stop... I will update again when it hits the target. Don't tell me nothing about the market being rigged or random.... Who can do it better?
Tesla (TSLA) broke today for the first time and even closed the 1D candle above the Lower Highs that started on the July 19 High. After 4 months of the bearish trend of this Falling Wedge pattern, today's move is a major bullish break-out for the long term as it opens the way for testing the All Time High (ATH) by mid 2024. At the same time, the 1D CCI broke...
JPM may be overbought on the 1D technical outlook (RSI = 82.199, MACD = 3.72, ADX = 70.645) but is extending the bullish leg of the 14 month Channel Up. It sits comfortably over its middle and calls for an extension. We will enter on the closing of the first red 1D candle and target the 1.618 Fibonacci extension (TP = 174.00), which was the December 1st 2022...
The Dollar index has taken a tumble today. Instead of breaking above the neck line of the inverted head and shoulders pattern, the DXY rejected hard off of it, sending the value of the dollar vs other currencies down, in a big way. FOREX pairs are going nuts today, so if you are trading EUR/USD, AUS/USD, or other currency pairs, good for you! The stock market...
The AMEX:SPY is underperforming AMEX:RSP (equal weight SP:SPX ). This means that underperformers could very well pick up the slack & outperform the Big 7 going forward. They have been performing well. The Volatility Index TVC:VIX is down on the day BUT up from open. Will the moving avg's push it lower or do we get some sort of support here? This is a...
Everything is set for a big jump (fundamental and technical) The chart says for itself, not much to tell really
custodial paper vs bearer asset quantitative easing vs austrian economics DTCC vs #Blockchain Wall St vs Main st Corporations vs Fat protocol 20th century vs 21st century Interesting double bottom / W forming But it gives us a powerful clue for the coming year or two
Fashionable Analysis of CVS Stock Trends: A Parabolic Turn on the Horizon Introduction: In the realm of financial fashion, CVS stock is set to make a stylish entrance with a parabolic turn, showcasing a strong formation on the 4D timeframe. This trend is marked by the elegant falling wedge pattern and the chic double bottom overlapping patterns, following a...
Eli Lilly (LLY) has been on an incredible run ever since our March 01 buy signal (see chart below) that even broke above Channel Up: We have been strong supporters of the company's fundamentals and those are translated into strong technical bullish patters, offering solid buy opportunities. Another such opportunity exists now as the price is trading around...
Hello TradingView Family / Fellow Traders, After rejecting the 2.0 demand zone, NASDAQ:GPRO has been bullish from a short-term perspective. 📈 For the bulls to maintain control and take over from a medium-term perspective, we need a daily candle close above the 4.1 resistance marked in gray. In this case, a movement toward the 6.5 resistance would be...
Let’s see how this long position unfolds! Only 4.2% of my time is spent on taking action, the rest of 95.8% are spent on waiting, planning, testing, reviewing, assessing, studying, etc... So now ask yourself a few questions: 1. How much of a portion of your time is spent on taking action? 2. How often do you over-trade OR revenge-trade? 3. How does...
I received my CMT charter long ago, when chartered market technician candidates could write a thesis that had potential to change the body of knowledge of Technical Analysis. It did and it continues to serve me and my students well. It was called "Cycle Evolution Theory" and my specialty is in the long-term cycles of emerging displacement technologies that change...
Unveiling Potential Opportunities in XETR:TUI1 Stock: Navigating the Surge and Identifying Profit Targets In the wake of recent developments surrounding Tui, Europe's largest package holiday operator, the decision to potentially shift its stock exchange listing from the FTSE 250 to Frankfurt has stirred considerable interest in the financial landscape. This...
Biocon Ltd. CMP – 249.30 (Long Term Investment Idea) (But can be frustratingly slow moving and stagnant) Market Capitalization Rs 29,931Cr Red Flags:🟥 High Valuation (P.E. = 60.1) FIIs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge MFs are increasing stake Improving annual net profit Improving cash from operations annual Previous Happy Candles...
- Emerging Markets are in a paranoid state due to Major US Financial Markets nearing scheduled date of CPI numbers releasing day. Consensus forecasts are anticipating Inflation to steadily go up for the rest of 2023 and entering '24 10'th of August/23 will be a very important day for The Global Financial Markets. Casualties might follow soon due to the...
SP500 keeps trading higher in an impulsive fashion with five subwaves up in late stages when looking the 4h time frame. As such, be aware of some slow down as the market approaches the 4660 or 4740 area.