Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Google stock just recently broke above a quite obvious bearish trendline, breaking out of a multi-month downtrend. You can also see that weekly market structure is bullish again, we already broke above the $100 resistance area and...
Although the US stock markets are doing OK, including SPY and S&P 500, the DAX seems to be outperformed by a long shot. I just noticed this today out of curiosity since the euro is starting to exceed the British pound. This might be due to the more substantial German market overall.
This is a top short target. Keep this name on your watchlist as its been lagging the communications sector. If the communication sector sees weakness which we think it will, this name will be a relative weakness trade to the downside. Earnings approaching is the major outlier event.
Traders, I said it all in the title. Yes, the dollar has now conclusively formed a very ominous Head and Shoulders pattern. The dollar will die once (not if) it breaks that neckline. But do I think that is going to happen immediately. I think you all know the answer. News has hinted at a Fed rate hike pause this week. Next week another news story will come out. I...
I'm expecting GU price to trend higher based on multi time frame analysis, supply and demand, and price action. looking at the trend we obviously see that price is in a daily correction. The correction appears to be complete and I'm expecting a nice bullish (BoS) move in the H4 time frame. When this happens, price should push towards daily highs and stretch even...
Hey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 12700 zone, NAS100 was trading in a downtrend and successfully managed to break it out due to USD weak environment as the recent US data including CPI PPI and NFP were soft. Technically we will watch a potential retrace of the trend around 12700 support and...
We expect the price to break the resistance line soon. Enter long position at the breakout with the volume surge. Target and stop loss are shown on the chart.
The price is forming a rising wedge pattern with higher highs and higher lows. The price is still moving inside the pattern, once it breaks the support line it would be a good time to enter the short position. RSI is showing signs of bearish divergence. Target is shown on the chart.
Bias: SPY and QQQ gapping into yesterday’s red bar, could be an inside day. Leaning bearish, room to drop under LoD on both indices. Top Watches: Long - MRK, DAL, NEM. Short - CTLT, SRPT, FAST. Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live! Follow @JLaing for a timely morning bias of the market like this,...
In my last ETH analysis I talked about the fact that we were breaking through the bear market resistance, with a target of 2000. Now that we're nearly there, it's time to take a look at what lies beyond 2000. On the chart I've drawn a bullish triangle pattern. I'm taking some liberty with the FTX drop, but my point stays the same. ETH is on the verge of...
Today QQQ also showed a general downtrend, approaching around 309 and there may be some fluctuations near the 309 level. Scalp traders can look for opportunities to short on rallies.
Since the recent SVB-crisis lows last month, both stocks and Bitcoin have seen immense gains. However, after hitting the ~$29,000 resistance, Bitcoin has been trading sideways, while stocks have continued to pump. In my view, BTC is currently in some kind of accumulation phase preparing for the bullish break out through this strong area of resistance. As long as...
The Bank of Canada has maintained its interest rate at 4.50% for the third consecutive month. Meanwhile, US inflation data are lower than expected, with the year-on-year inflation rate slowing from 6.0% to 5.0%. USD/CAD declined 28 pips to 1.3438, and USD/JPY fell 53 pips to 133.20. EUR/USD rose 79 pips to 1.0989, and GBP/USD added 57 pips to 1.2481. Australia...
NVDA has provided pretty clear bias and momentum signals. Hey, this isn't trade advice. The upside target is 270-280. This clicks with key 4D level as well as RDA projection zone (grey lines). I teach simplicity and I ask 2 questions: What Should Happen? Bias and momentum should hold on 4D and D charts Price should probably stall around 216 but...
Daily trend turning bullish again in $SPY here...Let's see how it goes. FOMC tomorrow, hopefully things stay the course. Best of luck! Cheers, Ivan Labrie.
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Tesla stock is about to once again retest a previous weekly support zone exactly at the HKEX:175 area. You can also see that weekly market structure is bullish again so I am now just waiting for a deeper retest of the area before I...
Hello ladies and gentlemen, according to my graphical analysis of NYSE:V , there is a high probability of a incline towards the 231,50 usd level in the next few months! if you have any questions do not hesitate to contact me.
Nike (NKE) broke above its Falling Wedge, which based on the huge rally since October, is the technical bull flag pattern for a bullish continuation. The very same break-out was seen on July 29 2020. Both sequences formed Inverse Head and Shoulders patterns and 1D Golden Crosses. Even the RSI formations are identical. The 2020 one targeted the 2.0 Fibonacci...