It all starts with the basics, SUPPORT. My theory is, in order to find a bottom in this bear market, we must reach an area of support that has never been tested before. I'm using the high timeframe of 12M on SPX for example. How I determine a pivot low (or support) is a 3-candle pattern. The middle candle being lower than the one before and after it is the pivot...
EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔽 XAU 🔽 WTI 🔽 The US has recorded the third consecutive positive GDP growth which exceeds Mitrade's estimates, with quarterly growth of 3.2%. As such, the greenback strengthened towards its peers, and EUR/USD dropped slightly to 1.0593, while AUD/USD decreased over 40 pips to 0.6666. The UK had a set of...
Looking at the H4 chart, my overall bias for SNAP is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 9.24, where the 61.8% Fibonacci line is. Stop loss will be at 10.15, where the 78.2% Fibonacci line and recent high are. Take profit will be at 7.30, where the previous swing low is. Any...
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,...
Hello,Traders! FACEBOOK is trading in a downtrend And the stock is about to retest The broken key horizontal level Which is now a resistance From where a bearish continuation Is to be expected Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Tesla hit its target on log chart from head and shoulders pattern. Also huge deviation out of down wedge channel. Tesla bulls getting margin calls, people calling for 20-50$ targets. Hundreds of bulls with tsla cash tags in their twitters selling last few days vowing to never return. Best time to buy an asset is from forced sellers. I 50% deployed at $123-130....
Hello Fellow Stock Global Trader/Investor! Chart Perspective Nasdaq retested the EMA200 and the bearish trendline with an impulsive bearish candlestick, indicating a bearish sentiment. The recent, Breakout of the Complex Double Top Pattern is a clear indication of upcoming bearish sentiment. Recently, The MACD Indicator made a death cross, confirming a possible...
Hello Fellow Global Investor/Trader, Here's a Technical outlook on S&P500! Chart Perspective S&P500 rebounded on the bearish trendline. Furthermore, The index has broken out of the rising wedge pattern, indicating a potential bearish bias ahead. The momentum indicator also confirmed the possible bearish bias by forming the death cross. Therefore, we conclude...
On the Philips chart (PHIA - 4h timeframe), We can see the price is currently oversold. The price is approaching a support area and is probably going to bounce off. Enter and leave the trade at the level defined on the chart. The three indicators used are Bollinger Bands, RSI, and Stochastics. All these three indicators are confirming the oversold...
Here we are looking at AMZN on the daily TF. As marked on the charts, we are currently testing the lows made during the COVID crash back in 2020. While we can’t rule out a breakdown through this current support (bottom green line), we are expecting a technical bounce in the short term off this level. If AMZN does bounce, we will look for it to move towards...
Cloudflare - 30d expiry - We look to Sell at 52.98 (stop at 56.11) Our short term bias remains negative. Daily signals are bearish. The medium term focus remains bearish and intraday rallies continue to find sellers. The trend of lower highs is located at 54.00. We look for a temporary move higher. Preferred trade is to sell into rallies. Levels close to...
My friends, a bounce can happen anytime but there are no signals pointing to this scenario. We've been bearish for a while, sharing bearish charts with bearish signals. It keeps going lower until it stops. There is no support below 125 until 100/110. Daily session closure needed for confirmation. (Things can change in a day!) We can speculate about a bounce...
Right now the Tesla (TSLA) stock is standing right on support, hanging by a thread. The bias is bearish. The trend is bearish. We have 3 consecutive negative/red/bearish weekly close. A bounce can happen before lower prices but this is low probability at the moment. Likely to go below 150. The 180/165 support range is the critical support now. The green arrow...
Tesla is dropping harder and harder, but relief is around the corner. Tesla has some massive support incoming and could be treated as multi-month accumulation zones for a long term play. Along with the zones of support, the stock itself is getting into some massively oversold areas. (this doesn't mean much right now but over the course of the next few months its...
Today you can review the technical analysis idea on a 1W linear scale chart for Robinhood Markets, Inc (HOOD). Robinhood price has broken out of an ascending triangle and re-tested the resistance heading lower. Measured move could bring the price down to $6. It is a weekly chart so it may take some time to get there. If you enjoy my ideas, feel free to like it...
Today you can review the technical analysis idea on a 1D linear scale chart for Coinbase Global, Inc (COIN). Coinbase price is around the major support and resistance line and has the possibility to head lower. Price target is $17-19. If price moves higher, it could go as high as $85-87. I am not confident of the price heading much higher. Including in the chart...
Ageas - 30d expiry - We look to Sell a break of 40.19 (stop at 41.42) The primary trend remains bearish. We are trading at overbought extremes. A break of the recent low at 40.28 should result in a further move lower. Bearish divergence is expected to cap gains. A higher correction is expected. Our profit targets will be 37.11 and 36.51 Resistance: 42.65...
VIX seems really bullish as it retests support and broken curve trend - Expecting a bounce up - which makes me bearish for stocks and risk-on assets.