SANDS China SCHYY is looking at retesting some old support levels. SHORT
Dow Jones is still trading withing the range of the past few days which also places it within the range it was in back when we had a major decline following a disappointing CPI report back in the beginning of June. This puts the market in a position that could see a potential breakout in either direction. Can we possibly see economic data that propels the Dow...
EXR is a storage related business, the stock has be tumbling for many months and it looks like we have further to go in the next 8-12 months. SHORT
Here we are looking at DIS on the daily TF. As you can see here we are looking at a trend line going back to 2013. The Yellow line acted as resistance until the end of 2013, then a break out occurred. The yellow line now serves as a great support and even re-tested the line at the Covid lows in 2020. The support line (yellow line) I have outlined on the chart...
What we can see on the chart is a strong resistance and a support level that have been tested multiple times before. The lines are forming an upwards channel. The price hit the resistance, so we are expecting that the price will go down. The stochastic was overbought the previous days, now it is pointing downwards. How to trade: Enter the short position only...
On this chart (1d timeframe), we can see multiple tops have appeared. Multiple tops is a bearish pattern so it's likely the price will drop. Also, there is a gap to be filled. Once the price has gone beneath the support line the trade can be entered. The price will find support in the support area, this would be the area where the profits can be taken. When it...
Carvana stock looks very bad. It has created already new lows. We expect this trend to continue as Carvana doesn't look good also when it comes to its fundamentals. Carvana shares tank as bankruptcy concerns grow. Expecting a small bounce towards the resistance, next heavy rejection and the downtrend continuation . Play a small bounce or short it at the...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for ARK Innovation ETF (ARKK). The chart is self-explanatory. I have been providing warnings since December 2021 so I hope you followed along. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just...
Today you can review the technical analysis idea on a 1D linear scale chart for Tesla , Inc. (TSLA). On November 11, 2022, I posted a concerning chart for Tesla stock. Since that point, Tesla stock is down 42% and still looks concerning. I noted various support areas on the chart including a long term trend line that may help create a possible bottom for Tesla...
It is important to remember that trading in any financial market carries inherent risks, and it is essential to develop a sound trading strategy and properly manage your risk in order to minimize potential losses.
Tesla is bleeding out and looking for support. Pivot supports are listed as levels 1,2,3. We will have to keep an eye out on volume and color rotations to see if any level of support is committed to by the Bulls. Let us know if you have any questions.
Don't be so naive as to think this cant happen again Jupiter pendulum with a major signal this year and its the first time we would have a bearish candlestick pattern (engulfing) to add to the shade turning off and pendulum flip New all time highs might very well come in the 2030s
I know that many are waiting for a Santa Claus rally this year. They may get something that resembles it, but if you are a trader there is one thing that you may need to focus on more than that potential rally. Hedge like your life depended on it. The next batch of economic data may not reflect a market that is ready to rally on to All Time Highs. In fact it may...
supertrend is saying the longs are here to take a chunk out, and semiconductors are in bounce mode along with all of tech. still bearish on broader market weekly.
Hello Traders, Here is an educational post about the W-V pattern. As of right now the W-V pattern is not fully formed and we are waiting for price to retrace to the neckline at $244 before we enter. The price target is technical resistance at $309, however you could exit half at the double top resistance near $275, then using a trailing stop the rest of the way...
Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 85.88, where the previous low is. Stop loss will be at 103.78, where the recent high is. Take profit will be at 69.43, where the -27.2% Fibonacci expansion line is. Any opinions, news,...
Looking at the H4 chart, my overall bias for SPX is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 3906.54, where the 38.2% Fibonacci line is. Stop loss will be at 4028.84, where the 78.6% Fibonacci line is. Take profit will be 3743.73, where the 61.8% Fibonacci line is. Any opinions,...
I feel pretty good about ET, never 100% but pretty good, here are some of the reasons why: breakout of multiple bottom structure all EMA's below and the last day closed above 200 on 2hr no clear resistance until later point BT cloud flip Lower TF's already confirming bullish has been increasing net income energy sector performing the best The YTD, yearly...