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With the news of SVB about to collapse, the markets started to move into safe havens and the stock markets started moving down. Now the question is, has the move down we've witnessed been the X wave of a larger B wave which should terminate around 4300 (as illustrated in our green count). Or is this the minor wave 1 of intermediate wave 3 which should result in a...
For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading...
For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading...
For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading...
MATIC has been trading inside this rising wedge for nearly a year now. Rising wedge are classically bearish, so the assumption is that we break out bearish in the future. However, we can very well bounce from the current resistance. In case we get a decent reversal candle, I look at the top resistance as my initial target. In case we fall through the support and...
For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading...
A look at monthly chart -- this stock is clearly shifting. All you need is a timely SEED and Patience. Then just wait it out. No complexities needed. Spotted at 69.00 SL at -10% (63.0) TAYOR.
Technical Analysis and Outlook The Spooz upward trend was re-established on Friday and is trending to Mean Res 4015, extending its price action to Mean Res 4050 - however, the retracement to Mean Sup 3939 is predisposed.
Peloton - 30d expiry - We look to Buy at 8.61 (stop at 7.97) The trend of higher lows is located at 8.60. Trading has been mixed and volatile. Expect trading to remain mixed and volatile. We look to buy dips. We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Our...
As seen on the chart, ETH has found support on the bottom trend line of the rising wedge pattern. After another reversal from said support line 2-3 weeks ago, we can safely assume that the market is at the very least looking at this pattern as well. Over the next two years, my assumption is that ETH will remain inside this rising wedge. Consequently, that would...
In my last GALA analysis I talked about the fact that GALA broke out of a bearish channel and retested the resistance as support. My targets have been achieved, congratulations if you took the trade. The second target in my last analysis was placed at $0.05, which is also the 0.618 Fibonacci Retracement, and if often a strong resistance. With BTC seeming weak,...
While the #fed reserve has made it clear they're not stopping rate increases yet, #bonds yields put a top in days ago. $TNX actually did it some time ago! We noticed certain sectors, like insurance, began lowering premiums done time ago. Did they know something was start didn't? Small community banks are getting crushed and if rates crater it may alleviate the...
Bias: Bearish but support at 390, room to drop under that area Top Watches: Long - ATVI, INTC, FB. Short - AAL, BAC, C. 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, top stock watches, and live day trading every morning!
Hello Fellow Global Stock Traders, Here's a Technical outlook on AKRA! Support the channel by smashing the rocket button and sharing your opinions in the comment below! Price Action Analysis AKRA is moving above its bullish trendline. Recently, AKRA has rebounded on the Fibonacci Ratio Area. Furthermore, The Breakout of the Bullish Flag Pattern also gave us a...
HI TRADERS ✌The possible scenario of AMD is specified. As you can see, after breaking the long-term downward trend, the trend started to grow up to the range of 89 and then with a slight correction, it was able to grow again from the range of $76. It is currently trading in the range of $83.24 and is above the 60 EMA. We can expect the price to grow to the range...
Despite previous hints at stopping ongoing rate hikes, the Bank of England raised interest rates by 25 basis points to 4.25% - a 15-year high. Meanwhile, the central bank is optimistic that inflation will fall sharply in 2023, and the GBP/USD closed 21 pips higher at 1.2286. EUR/USD declined 25 pips to 1.0830, and AUD/USD moved up 1 pip to 0.6683. USD/CAD slid 14...
Observing the daily chart, it appears that a head and shoulders formation has emerged, which may indicate significant changes on the horizon that have yet to be disclosed. This channel has persisted since October of last year, suggesting that a potential shift in market dynamics may be underway. Additionally, if this head and shoulders pattern holds true, it could...