Here we are looking at NFLX on the Daily TF… As you can see, Netflix has broken down from its previous macro support (blue), and retraced back to the scene of the crime. Currently, it is re-testing this very same previous support as newfound resistance. While I can’t suggest how YOU should trade it, this certainly appears to me as a VERY strong short set up...
Market Conditions: - bearish trend - correction movement - bullish sentiment in the market Key Level and Lines: - $241.51 resistance Trading Ideas: - go long after a consolidation around the resistance - a false breakout and bearish sentiment in the market = trade opportunity for shorting.
Market Conditions: - bearish trend - correction movement - bullish sentiment in the market Key Level and Lines: - $11.81 resistance Trading Ideas: - go long after a consolidation around the resistance - a false breakout and bearish sentiment in the market = trade opportunity for shorting.
Market Conditions: - trend reversal - bullish sentiment in the market - overbought Key Level and Lines: - $192.74 resistance Trading Ideas: - go short from the resistance using reversal and false breakout signals - if the price moves above the resistance and stays above, probably go long.
Market Conditions: - trend reversal - bullish sentiment in the market Key Level and Lines: - $21.89 resistance Trading Ideas: - go long after a consolidation around the resistance - a false breakout and bearish sentiment in the market = trade opportunity for shorting.
Market Conditions: - trend reversal - bullish sentiment in the market Key Level and Lines: - $11 915 resistance Trading Ideas: - go long after a consolidation below the resistance - a false breakout and bearish sentiment in the market = trade opportunity for shorting.
Into massive resistance. Likely see a 6-10% pullback in the near term
If you are short, stay very cautious. This base/bottom in the NQ may be the start of a breakout rally phase after months of consolidation below a strong downward sloping trend line. Far too many people are failing to understand the market dynamics at play right now. Shorts are getting slaughtered as the reversion/reflation trade is happening. Follow my...
Pretty sure those that bought higher are now going to be looking for a way out here on Micron. $NVDA earnings and recent downgrades in the industry should prove to be enough.
While the general market indexes has been unconstructive (top chart) the stocks underneath the service are improving (bottom chart). In this case we are looking at the stocks in the SP500 that are above their 200D MA (Picture is similar for the Nasdaq) - this is a bullish indicator and the reason why I am starting to dip toe in the water. Remember this is was...
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I think there is an exponential zig-zag pattern formed on MPC!
Hi, Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of...
Two scenarios where i plan to go long: Fundamentals: Darktrace provides mostly solutions for cyber security and could profit from the current atmosphere (Ukraine etc.) Scenario 1 (Blue arrow) Target: Next resistance level (upper red rectangle) Requirments: - retake of first resistance level (lower red rectangle) - generating higher highs on the 1...
So the waves on 4h are pretty clear - last time first wave retraces almost at 100%, then the 3rd wave retraced to 0,618 fib level, and shoot up to in between 1.618 and 2.618 fib level for wave 5. Now the waves we have now - first wave was almost fully retraced, third wave retraced to .0618 fib level aswell, and now we're in wave 5. Also the pattern reminds me of...
AMD and Nvidia stocks are breaking higher this week, possibly ready for more gains as the recent corrective pullback to 140 and 60 USD appears completed. More upside here can be positive for cryptos about I talked in our webinar this Monday, here on tradingview. Grega I put link below if anyone is interested in recording. www.tradingview.com
Let's look at Tesla from the technical point of view. On the chart we have an inverse head and shoulder pattern which signifies an onset of a bullish movement with current price also breaking the resistance trend line indicating strong momentum from the bulls ( buyers).
Looking at the Daily chart, my overall bias for NFLX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 332.72, where the 38.2% Fibonacci line is. Stop loss will be at 273.41, where the recent low is. Take profit will be at 472.02, where the overlap resistance and 61.8% Fibonacci line...