Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a possible buy entry at 3907.07, where the 50% Fibonacci line is. Stop loss will be at 3806.91, where the 38.2% Fibonacci line is. Take profit will be at 4101.65, slightly below where the 78.6% Fibonacci...
Short term Elliott Wave View in Apple Inc., (AAPL) suggests that cycle from 12.05.2022 high was ended at 140 low as wave 1 as 5 waves impulse Elliott Wave structure. While above there, it starts bouncing in proposed 7 swing correction, which expect to fail below 150.90 high of wave (2) to resume lower. It ended (2) at 150.90 high in proposed 3 swing bounce started...
Graphite CMP 408 SL 350 Above 415 can see 600 Positional/Swing
EUR/USD 🔽 GBP/USD 🔼 AUD/USD 🔽 USD/CAD 🔽 USD/JPY 🔼 XAU 🔽 WTI 🔼 US inflation data will be announced tonight, just before the Federal Reserve announces its interest rate. Mitrade expects a slowing annual inflation rate at 7.3% and a monthly reading of 0.3%, rate hike expectations are also adjusted to 50 basis points. This includes central banks in the Eurozone and...
Looking at the H4 chart, my overall bias for GRAB is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy stop entry at 3.24, where the 61.8% Fibonacci line and previous high are. Stop loss will be placed at 2.80, where the previous swing low is. Take profit will be at 3.68, where the 78.6% Fibonacci line...
You know how you get to see all the headlines when browsing through TradingView's homepage, impossible to avoid. We love it because it gives me so many ideas... "Microsoft Better Than Hot Bread". "Microsoft Develops New Air Conditioner That Will Override The Fed". "Microsoft Comes Up With Better Than Bacon". Etc. It is very misleading, that's our point. ...
I keep asking myself... Are these companies really going to crash? Is everything really going to hell? If we go by past history then yes... I've been reading charts for a few years now and when looking at them long-term, especially the traditional financial markets, they read like an open book. If the signals are pointing down it goes down. Only cryptocurrency...
Alphabet Inc (Google) peaked in November 2021... With one last hurray in January 2022 that wicked higher. The All Time High came in January this year but only by a wick as the weekly candle closed much lower. We have a year long downtrend already. Time does fly by when one is not paying attention. We opened this chart out of curiosity. Since the Nasdaq100...
AMZN Enjoyed a massive bull market for more than 20 years until April 2022 when this massive uptrend failed. The uptrend ended and the bear market has been fully confirmed. Now, how much lower can it go? Mid-term (1-3 months) we are seeing the 72-68 range as the next and main support target. By June/July next year (2023), it can go as low as 41, depending on...
As we near the end of the year, it is clear that the stock market has experienced significant turmoil in 2022. A total of 1,492 stocks have seen their value drop by 50% or more this year. This is a staggering number, and it indicates that many investors have been hit hard by the market's downturn. Even more concerning is the fact that 665 stocks have fallen by...
Big week for markets, stronger than anticipated economic data COULD send the VIX back to he teens and kick-off a nice equities rally. I'm mostly out and NEUTRAL right now but am ready for a breakout or breakdown. Leaning toward breakout....
Mastercard Inc (MA) is rebounding again back towards the top of its +1 year Channel Down pattern after the December 02 rejection on the 262.000 Resistance, which happened to be also at the top (Lower Highs trend-line) of the Channel. If the price breaks above, that alone would be a major bullish break-out signal for the long-term but ideally we would like to see...
AT&T - 30d expiry - We look to Sell at 20.68 (stop at 21.62) The previous swing high is located at 20.90. There is no clear indication that the upward move is coming to an end. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Resistance is located at 20.90 and should cap gains to this area. Expect trading to...
The low for Coinbase (COIN) was set back in 12-May 2022 at $40.83. Today, 193 days later, COIN losses this support and a new low is hit. The volume profile spells doom for this stock. We can see strong bear volume and weak bull volume as this new low is being hit. Everything is about to speed up... We can expect bottom searching on the next drop. CHANGE COIN...
Here are the SPY Cycle Patterns for this week. Expect more sideways melt-up trending as we head into the Fed rate decision and key economic data. Traders will start to shift into early 2023 expectations this week (after the Fed). Check out my other posts. The markets are not expecting anything extraordinary right now - more of the same. The Fed rate decision...
#ES 60 Min Zones for this week. Support: 3912 & 3960 Resistance: 4018, 4058, & 4101 Trigger Zone: 3990~3995 I expect a melt-up to continue as expectations for 2023 settle into the EOY trends - likely attempting to break resistance at 4058 & 4101. Follow my research.
The Dow Jones has broken up from the two orange resistance lines but has now run right into the macro golden pocket and may hit the high from Aug. I believe these two macro points will yield at least some downside. If we break below the orange lines again I think it is very likely that we plummet over the coming months (feb. or march) below 28,000. By June or July...