Here we are looking at GOOGL on the Daily TF... Currently, there is a lot of factors aligning on the GOOGL chart, which is the type of confluence I look for when evaluating trade opportunities. The first factor that I'm looking at is the horizontal resistance line as shown on the chart. This resistance stretches from it another local high made months prior. This...
Sometimes I like to look at the charts in a different perspective to remove potential biases. When we invert the daily Bitcoin chart, we get a new chart that we can work with. As seen on the chart, it seems that BTC is currently trading in a bear-flag pattern (which becomes a bull-flag when you make the chart normal again). This means that the most likely outcome...
#BGL - HIGHER HIGH AND HIGHER LOW!! ▪️Resuming the uptrend after a 17% decline. ▪️ Stock likely to test the 1-Y Long Upper channel resistance Area b/w @ 13.88 - 14.60 ▪️Key resistance @ 12.75.
After a short relief, the Japanese core CPI rebounded to 3.4% as expected. This has increased pressure on the Bank of Japan to introduce further tightening measures. USD/JPY climbed 102 pips to 138.7. On the other hand, US Initial Jobless Claims slowed to 242,000 in April, and USD/CAD gained 47 pips to 1.3502. EUR/USD declined 70 pips to 1.0770, and GBP/USD fell...
🚨 🚨 🚨 🚨 🚨 🚨 🚨 6 Month #yield is NOW HIGHER than when #silvergate #bank collapsed! #interestrates can stay above 5% for extended periods of time, see charts, BUT the end result has NEVER been good for #stocks 1Yr struggles @ 5% but has been higher than 6% HOWEVER 10Yr TVC:TNX is DIFFERENT! This has been on a long downtrend until 2022! #bonds
Not fan of the SP:SPX , prefer the smaller TVC:DJI & tech heavy NASDAQ:NDX BUT It is always good 2c more breadth So much negativity it is EASY to be a bear BUT Been saying for some time, outside few shorts here & there, momentum = BULL Last 2 days volume decent and AMEX:SPY shows it bit better RSI broke 1st downtrend & about to face more important one,...
Hello Fellow Global Stock Trader, Here's a Technical outlook for AMD Stock! Price Action Analysis After Rebounding on the Fibonacci Golden Ratio Area, AMD has broken out of the bearish channeling pattern. The breakout could confirm a possible bullish trend ahead. The MACD Indicator made a golden cross, signifying a possible upside movement to the target area. ...
The Play NVDA experiencing a surge in stock price since October 2022. On Monday 5/15/2023, call options @ $282.50 strike were trading between $2.80 - $3 mid-morning. Fast forward to the end of regular market trading today, Thursday 5/18/2023 call options @ $282.50 strike are trading around $32. $3 to $32 - Is there more room to run?! Let me pull out the...
OKTA - 30d - We look to Buy a break of 88.08 (stop at 80.89) The sequence for trading is higher highs and lows. Daily signals are bullish. A break of the recent high at 87.88 should result in a further move higher. Our outlook is bullish. This stock has seen good sales growth. Our profit targets will be 105.48 and 108.48 Resistance: 82.50 / 86.50 /...
Index: NASDAQ 100 Index Exchange: NASDAQ Introduction: Greetings! In today's technical analysis, we're examining the NASDAQ 100 Index on the weekly scale. Although we're not hunting for a fresh breakout, our goal here is to estimate a possible price target based on the index's recent price action and established technical patterns. Analysis: The NASDAQ 100...
With the TVC:VIX breaking the symmetrical triangle, see previous post, to the downside we're seeing high levels of complacency. Much of this doesn't make sense but we've been saying for the longest times that markets are IRRATIONAL! With #SPX breaking we could very well see a bigger push and faster. At the moment they are saying it's just a handful of companies...
TVC:VIX mini inverse head & shoulder pattern has gone way of dodo bird Long term trend has been broken for some time We stated long ago that the direction this would be broken would show how #stocks would react What does SP:SPX look like it wants to keep doing? Will post quickly right after this #SPX #VIX
Based on my bearish dollar analysis, I think indices are going higher this week! We have a clear bullish daily trend! I have marked out the latest swing point on the daily chart! We can see a clear OTE Fibonacci retracement and a string reaction off this level! I think we see a bit of a pullback at the start of the week and then go for the highs! Similar...
ENTRY only, If & when COCHINSHIP makes BULLISH candle above BO level . It's just ANALYSIS not recommendation.
As we can see on the chart, BESI has been moving within this long-term trend the past few years. It recently has touched the lower trendline again which has been acting as support for a long time. By looking at what BESI has done in the past few years and with those 2 trendlines in mind, we can expect BESI to be bullish for the next few years to come until it has...
DXY was able to finally break the descending channel and downtrend line with a strong upward trend last week. But it seems that this week it is the turn of correction or pullback of DXY to the broken resistance zone. I have specified for you the possible scenarios for the DXY to grow again on the U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time...
As we saw today ES shot up as predicted to complete Wave 3 of the corrective ABC wave. Wave 4 looks like an ABCDE triangle, which sets up one last wave 5 before the downward trend begins. I am looking at shorting opportunities and I think there will be many fake outs at this time so I will trade very carefully and with great risk management. I expect choppy...
United Airlines Holdings - 30d expiry - We look to Sell a break of 40.38 (stop at 43.15) Daily signals are mildly bearish. Trading has been mixed and volatile. 40.43 has been pivotal. The bias is to break to the downside. A break of the recent low at 40.43 should result in a further move lower. The medium term bias is neutral. Our profit targets will be...