Stockstrading
CVX, Major CONTINUATION-SETUP, Sector Rally, BREAKOUT INCOMING!Hello There!
Welcome to my new analysis about CVX on several timeframe perspectives. The oil market since the corona pandemic supply-shock dynamics has formed a important dynamic and had the ability to form a major rebound recovery with several new highs being formed and CVX having the ability to bounce into a new all-time-high. Now a big part of the dynamic is the consideration of if CVX has the potential to continue with this established formation and with the established trend moving on with further determinations.
CVX on the local timeframe perspective is building this main wedge formation with great supports above the 140-150 area. If this wedge formation completes with the appropriate momentum breakout this will activate initial target-zones and above this considering the whole global big picture CVX is forming a much larger formation here with the broadening-wedge-formation on the global perspective being completed once the breakout of the local formation also setup. With the projection of this formation targets above 400 will be activated.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
MSFT, PULLBACK Momentum, Positions Trigger, BEARISH-Indication!Hello There!
Welcome to my new analysis about MSFT Stock Price Action Analysis on Several Timeframe Perspectives. In the recent times MSFT has emerged with a crucial pullback to the downside almost printing over 10% of a bearish pullback. In such occassions a big question is if the bearish momentum will accelerate into the bearish direction and if higher inflation rates could heavily increase such a bearish momentum. In any cases the bearish momentum wave could trigger further long-liquidations down the path.
In my chart you can watch that MSFT is about to complete a huge ascending-wedge-formation and such a ascending-wedge-formation is likely to lead to a massive pullback and bearish reversal once it has been completed with a breakout below the lower boundary. Currently this pullback could be triggered when MSFT moves below the remaining supports between the 315 to 320 area as many many long-positions are waiting below this area this will lead to such a bearish momentum that a reversal into the other direction will be unvalid.
There is the possibility that MSFT firstly stays within the area and bounces in the remaining supports to form something like an initial reversal, nonetheless MSFT has still huge resistance levels in the structure especially when moving into the upper boundary of the ascending-wedge-formation this upper boundary is a paramount resistance-zone from where the pullback to the downside is inevitable. This means that also with the initial stabilization the completion of the whole ascending-wedge-formation will shape a reality for MSFT and complete the pullback and liquidations down the path.
If the bearish momentum accelerates so heavily once the wedge has been completed it will be highly decisive on how MSFT moves into the final target-zone of 220 because if the bearish momentum should be that high that a reversal in this area will not be possible this will complete the huge double-top-formation and will accelerate even more liquidations to point to a scenario of MSFT moving below the 150 area.
For now the bearish scenario for MSFT should not be underestimated and should be watched and because of this we will keep having the symbol in our watchlist and adjust to changing factors.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
LLY, This ALL-TIME-HIGH ROCKET is a NEVER ENDING STORY!Hello There!
Welcome to my new analysis about LLY on several timeframe perspectives. LLY printed an major bullish breakout literally over night bouncing out of the range. In the recent times the pharma industry transformed into a eager bullish environment since the gains seen because of the "pandemic" and LLY is a stock already present since 1978 in the 19th century, a time before the great depression. The FED is considering a more dovish policy as inflationary pressures in the U.S. decreased and LLY showed an development typical for more bullish stocks within the market, it already bounced before the U.S. CPI release signaled an easing in inflation, such moves are always important to anticipate as it is the case with LLY and the long direction.
Within the chart LLY is now forming a flag-formation on the local term which is likely to complete with a breakout in the near future setting up the next wave C extension into the upper directions. On the global term LLY bounced several times within the ascending trendline and has an underlying strong volatility-spike structure which is bolstering the bullish sentiment here. Once LLY has shown up with the breakout dynamics and reached the targets of the local formation this is likely to convert into the continuation of the global trend as well. Currently, the bullish scenario should be considered if the FED does not become more hawkish on interest rates or there is a major demand shortage increasing supply within the pharma market this should be a considerable scenario for the next times.
In this manner, thank you everybody for watching, support is greatly appreciated, all the best!
VP
JOAN trading idea explanation 🎥JOANN Inc is engaged in the sewing business. The company provides fabrics, sewing supplies, yarn and needle arts, paper crafting, jewelry making, fabric crafting, craft lights, wedding decorations, and home decor products. It generates maximum revenue from Arts and Crafts and Home Decor products.
$AFY BREAKOUT CAUGHT BULL PUSHTrendline got borken and multiple touches on the support level. Really good play to get into since were in a dip right now. Multiple confirmaitons.
Let us know your take on this!
Comment below!
FAANG Stocks: Ready To FALL? Hidden Fibonacci Pattern FormingTraders, FAANG (Facebook, Apple, Amazon, Netflix and Google) share basket is forming a hidden pattern which can push these stocks down. However there are certain conditions that we must have. In this top down analysis we see how Fibonacci Confluence Pattern (FCP Pattern) is forming a zone which can create a massive trade opportunity.
If you are invested in any of these stocks then you must watch it so that you are aware of this. Also if you are looking for short opportunity because you think markets are over extended, then also you must be aware of this.
I also posted a similar pattern which is appearing on Netflix. Find that in the related ideas below.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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$MRNA Gapping up into our Elliottwave 5th wave Target ZoneJust a quick video pre-market to show the massive gap up on our MRNA stocks swingtrading opportunity. The mantra to go away with today is
"You Gotta Be In It To Win It"
With a simple and repeatable stocks swing trading strategy, when all your requirements are met, you need to keep adding the trades as you will get these types of moves. Not everytime but "You Gotta Be n It To Win it!"
Just keep putting the high probability trades through with the help of our elliottwave indicator suite
WAVES within WAVES within Waves | How to Buy Stocks that Go UPHow to Chose and Trade the Stocks that have a higher probability of Rising in the next 2-3 days
A technique I use that we call AIMS The Setup One Strategy.
The Market moves in waves. How to know when is the right time to buy and when to Sell?
S&P500 Vs Manufacturing PMI & GDP Growth Expectations Here we take a deeper look at why the ISM Manufacturing PMI data release is the most closely watched economic indicator on the monthly calendar.
We look at how manufacturing PMI predicts GDP growth in the U.S with an 85% certainty going back to 1948.
We then take a look at the historical correlation to ISM Manufacturing PMI and the S&P500.
After watching this video you will understand what that market focuses on to predict GDP growth and when to buy and sell the S&P500 index
Framing Your Chart Key to Understanding Behaviour - AMT exampleIn this video tutorial, I discuss how institutional traders and investors, "Frame a Chart"
Using AMT stock as an example working through multiple time frames and plotting channels and Linear Support & Resistance zones. Then using our Elliott Wave Indicator Suite to understand the behaviour of the current trend.
This method can be used on all asset classes and is part of my Daily routine
CSIQ - Swing Trading Stocks with Two Indicators for 1 YearQuick Video swingtrading stocks journal for the CSIQ Stockover a 1 Year period.
During the last 1 year period we have used the tradethefift Roller Coaster and ElliottWave Indicator suites for TradingView to swing Trade the CSIQ Stock.
There were 7 trades in Total and only one loser! In this example we use $1000 risk per trade and the Result is a $7450 profit.
Please watch the short video to learn a little bit more about these strategies.....