Bank of America Corporation (BAC) grew through Covid as must banks did. After an impulse comes a correction. - The bullish wave is shown here as an EW 12345 Impulse. - Long-term EW ABC correction now taking place. POTENTIAL TARGET/SUPPORT ZONE The low can be set at 23-35. At or below the 0.786 Fib. retracement level for the previous bullish wave. CONDITIONS...
Total Energies - 30d expiry - We look to Sell a break of 55.39 (stop at 57.11) We are trading at overbought extremes. A higher correction is expected. A break of the recent low at 55.51 should result in a further move lower. Bearish divergence is expected to cap gains. Although the bulls are in control, the stalling positive momentum indicates a turnaround...
What we can see on the chart is that the price of the stock is overbought. The price is above the upper Bollinger Band, and also the stochastic shows us overbought conditions (above 80). The price currently is at the resistance, therefore it would be the entry for the short position. Stop loss and target are shown on the chart.
See Chart For Analysis. I like the area for buys on lower timeframe but i first need to see confirmation.
Markets are digesting the Fed rate increase and consolidating in an uptrend. Watch for Flag support near 3930~3932. Bias should still be BULLISH right now. Protect your capital as we move into end of year trading. Don't get aggressive with trades. Follow my research.
NYSE:PFE broke out at 45.60 and after hitting a high of 58, it then retested support in Oct 2022. It has now broken out and is heading higher.
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Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Price has tapped into my buy entry at 33987.06, where the 50% Fibonacci line is. Stop loss will be placed at 34595.51, where the 38.2% Fibonacci line and previous low are. Take profit will be at 35411.35, where the...
1. DXY For DXY market,area F is the core of the current market. Although the hawkish style of yesterday's speech was obvious, it did not have a decisive impact on the market trend, and the price rebound was still at a low level. If the price rebound cannot return to the F area, the trend prediction of A cannot be established, and the market is still the trend B...
Disney was down trending on the 4H timeframe from Nov. 1st to Nov. 9th 22. After a pullback to the .618 fib level, price from the stock began to consolidate and price condensed. Dec 6th price broke out of the consolidation and retested on Dec 13th. The Price Action of Disney stock is currently creating a Bearish Pennant . If price can break $92 and reject...
EUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 USD/JPY 🔽 XAU 🔽 WTI 🔼 Early this morning, the Federal Reserve increased interest rates by 50 basis points to 4.50%, meeting market estimates. Later tonight, Mitrade expects the Bank of England and the European Central Bank to follow suit with a 50 bps rate hike. Although Fed Chair Powell claimed rate hikes will continue...
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 limit entry at 9.64, where the previous low is. Stop loss will be at 11.03, where the 61.8% Fibonacci line is. Take profit will be at 8.27, where the -61.8% Fibonacci expansion line is. Any...
On the H4 chart, the overall bias for DJI is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . Looking for a buy stop entry at 4100.51, where both the previous equal highs are. Stop loss will be at 3918.39, where the 50% Fibonacci line and recent low are. Take profit will be at 4325.28, where the swing high...
Hello guys this is my trading Analysis idea about TSLA at the moment Thank you . LIKES and FOLLOW for more Analysis Thank you .
Adobe - 30d expiry - We look to Buy at 328.71 (stop at 312.61) Daily signals are mildly bullish. Price action is forming a bullish flag which has a bias to break to the upside. Trend line support is located at 327. We look to buy dips. We are trading at oversold extremes. This stock has seen good sales growth. 50 1 day EMA is at 329. Our profit targets...
Monthly SPX looking super bullish. A super bull flag has formed. I suspect either 2024 or even Q2/3 of 2023 could see a strong breakout of this flag's upward channel line. Step 1 was to breach the downward trend line Step 2. will be to do so convincingly Note we do not expect a hard confident break of the downward trend line this month or jan-Mar. I suspect...
HD ( HOME DEPOT ): Consumer Cyclical - Home Improvement Retail. Home Depot is included in the Down Jones Industrial Average. My technical analysis on the stock: The current downtrend took the stock 37% of its all time high of January 2022. On June 23, HD initiated a strong bounce to $333 off the $265 level. On August 17, HD initiated a huge drop back to 265,...
Todays study follows analysis on the Post-War Recession Start Dates. We evaluate the price action the 12 months before Start of Recession and 12 months after Start of the Recession. What we can easily evaluate that once and IF a Recession is confirmed we have about 5.8% more (ON AVERAGE) to the downside and the next 2 months are most volatile. From then on we...