Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Amazon stock is currently breaking above a major previous weekly structure area exactly at the $105 level which is now turned support. You can also see that over the past months, Amazon has been creating a solid double bottom, weekly...
Hey all, ES looks like it completing its wave B of ABC retracement wave. This B wave was a complex TRIPLE WAVE combo including a ZIG zag, a ABCDE triangle, and another ZIG ZAG and during this time I believe a lot of stocks where sold by MMS, now it will be pushed higher one last time before downward Wave 3 begins. Comment and boost Follow for more analysis.
Tesla had a great buying opportunity at $103 today trades over $170 and $200 is in sight with a $257 price target
NASDAQ:EXC is coming to a strong resistance level at about 39.00. In the past, we often had reversals in this zone. After the big momentum, the probability of a correction is high.
We have identified a potential base pattern on the Amazon share price that will complete on a close above 114, the reaction high that we saw in January. A close above 114 would complete the base an offer a potential upside target of 147. One to watch! Disclaimer: The information posted on Trading View is for informative purposes and is not intended to...
In May, Germany’s economic sentiment index fell to -10.7, much higher than Mitrade's estimates of -2. The poor reading reflected concerns about Europe’s economic health in general. EUR/USD slipped 11 pips to 1.0863, and GBP/USD declined 41 pips to 1.2487. AUD/USD fell 45 pips to 0.6655. Meanwhile, US retail sales grew 0.4% in April, lower than expected growth of...
Alcoa Corporation - 30d expiry - We look to Sell at 38.98 (stop at 40.98) Daily signals are mildly bearish. Previous support at 39 now becomes resistance. This stock has seen poor sales growth. There is no clear indication that the downward move is coming to an end. Preferred trade is to sell into rallies. Our profit targets will be 33.98 and 32.98...
Has Googles pullback from 150 finished and will it move higher from 108? Looks like it made a double bottom ish pattern from Sept 22 to Mar 23. Some good volume buying to back up the breakout/reversal, and any good news e.g. AI, digital revenues etc. will help. Negartive news e.g. Regulation, privacy laws etc. will act as headwinds. Price is now above the 50...
Hey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 33200 zone, US30 was trading in an uptrend and successfully managed to break it out. If we get further dips below the support we will consider a potential retrace of the trend towards more low. I would also keep an eye on DXY to confirm the bias as a strong USD should...
Bitcoin has often been described as digital gold, even though the price has more closely followed the stock market. However, BTC has closely been following Gold since Sillicon Valley Bank went insolvent. In my view, this has to do with the fact that people are hedging themselves against further banking crises and potentially losing large parts of their...
Hello Fellow Stock Investor/Trader, Here's an Outlook for NASDAQ or NQ1! Price Action Analysis 1. NASDAQ has rebound on the dynamic support (EMA200) and Multiple Rejection Area 2. Forming a Descending Broadening Wedge, the pattern indicates a bullish continuation pattern 3. Breakout of the pattern confirmed the possibility of the upside movement 4. The...
By checking the gold chart in the 4-hour time frame, we see that the price of $2022 has prevented the price from growing, and if the price stabilizes below this level, we can expect a drop to $2001 as the first target! If this happens, the next targets will be updated! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️...
All media invokes sensationalism to get clicks and views to see their ads. Some really play into the doomer mindset of their readers/viewers by selecting stories that amplify the theme of the world/economy/dollar ending and that the next crash is right upon us! I've been reading these headlines every day for over a decade now and it's just the way modern...
If you haven`t sold BEKE here: And bought it back here: Now Analyzing the options chain of BEKE KE Holdings prior to the earnings report this week, I would consider purchasing the 17.50usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $3.20 If these options prove to be profitable prior to the earnings release, I would...
Company: Northrop Grumman Ticker: NOC Exchange: NYSE Sector: Defense Introduction: Hello, and thank you for reading this analysis. Today, we focus on Northrop Grumman (NOC) on the NYSE. The weekly chart shows a potentially significant head and shoulders pattern that deserves our attention. Head and Shoulders Pattern: The head and shoulders pattern is a...
Inconclusive talks to raise the debt ceiling pose a default risk as the US approaches its borrowing limit. The greenback then weakened against its peers, EUR/USD added 17 pips to 1.0874, and GBP/USD climbed 80 pips to 1.2528. AUD/USD advanced 54 pips to 0.6700, and Australia’s consumer sentiment plunged 7.9% - considerably worse than Mitrade's estimates of -1.7%....
Short Term Elliott Wave View on Google ( NASDAQ:GOOGL ) suggests it ended wave 2 pullback at 103.68. Wave 3 higher is currently in progress with internal subdivision as a 5 waves impulse with extension. This is often called nesting impulse. Up from wave 2, wave ((i)) ended at 107.49 and pullback in wave ((ii)) ended at 103.97. The stock resumes higher in wave...
Based on my analysis of recent market trends, I anticipate a potential decline in the NAS100 index from its current level of 13400. In the event of such a decline, I am forecasting a retest zone around the 13300 mark. This forecast is based on the observed descending pattern that has emerged over the past three weeks. #StockMarket #Trading #TechnicalAnalysis...