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SPX: Dangerous Correction - What's Next?• The SPX has been correcting since it hit our target, the technical resistance around 4,170, but it seems it is stabilizing above the 21 ema; • We set this target on my previous analysis (the link to my previous public analysis is below this post, as usual), before the SPX confirmed its bottom, when it was still below the 21 ema in the daily chart; • Now we see a bullish reaction above the 21 ema, which is a bullish sign, however, the 1h chart suggests that a bullish reversal won’t be that easy: • The SPX is struggling to break the 21 ema, which is working as a resistance level, short-term speaking; • If this resistance works, and we see a top sign confirmed, the index could correct to lower levels, like the 4,049, the next support line in the 1h chart; • In order to see a bullish continuation to the 4,200 it would be good to see the SPX breaking the 21 ema in the 1h chart, and doing a clear bottom signal in the daily chart as well; • For now, there’s no clear bullish reaction, so let’s wait for more confirmation. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
EURCAD I Target REACHED! 60 Pips!🔥Welcome back! Let me know your thoughts in the comments! **EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
21
SPX: Pullback Ahead! 😱• The SPX failed in breaking our target/resistance at 4k. This is a weakness sign, and it is trying to confirm a pullback today; • As I mentioned yesterday, in my previous public analysis (link below this post, as usual), a correction to the 21 ema in the daily chart is acceptable, but it must not drop too much below this point, otherwise, it might resume the long-term bear trend; • In my view, the 3,889 is the key support. If the SPX loses it, then the bear market will resume; • Meanwhile, the key resistance the SPX has to break in order to reverse the trend is the 4k. Only if the index breaks the 4k we might see something new; • Now it seems the index is in a no man’s land again. Let’s keep these key points in mind. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
XRP just fractions of a cent away from hitting the dbl bttm trgtthe green horizontal was the double bottom neckline. the dotted green target is the measured move target from the point of breakout above the green neckline to the measured move target….as we can see mere fractions of a cent from reach 100% of the target! Should hit on this follow up candle. I would also not be surprised to see this follow up candle retest this purple line. If we can retest this purple line as solidified support for enough candle closes then we can then look forward to the next higher measured move target that ends at the room at the dotted ascending purple line. Wen price is this close(less than a pip) it’s close enough for me to proclaim target hit! This should help us confirm the break up from the monthly symmetrical triangle pattern before too long *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
2
Ethereumm just hit the white descending channel target!Target Hit! You can see here the measured move (dotted white line) taken from the point of the breakout from the white descending channel. Been watching it since November, but it finally hit its target with exact precision! Hard to tell if it will cool off much now or continue to climb…the pink rising channel has a measured move slightly higher than this and it looks like it has broken up from the rising channel too which is never a good signal for bears if a bearish pattern breaks upward. *not financial advice*
BITSTAMP:ETHUSD
by DrDovetail
DXY candle does 180 reversal after hitting exact breakout targetThe breakout target from the falling wedge was 105.6 . As you can see by the big red wick as soon as the dxy price reached 105.6 it did an abrupt reversal and morphed into a big red candle. Still a chance in the coming days it could rebound and still retest the 50ma or even reach the dotted tan lines target. However the exact precision of it flipping once it reached the falling wedge target inspired me to post a chart just to reaffirm that once again, TA Works! Target Hit! *not financial advice*
TVC:DXY
by DrDovetail
MSFT: Crashing? Yes. Scary? Nope.• MSFT just hit our target at $228, as it did exactly what we expected since our previous public analysis on it, almost a month ago (the link is below this post, as usual); • Despite the high volatility, this movement is very technical and not surprising at all, but in order to bounce again, MSFT has to react as soon as possible; • The problem is that any bounce will face at least two resistance levels in the daily chart: First the $238, second the 21 ema; • Only if MSFT breaks these key resistances it might do a clear reversal structure; • If not, we can expect a continuation of this bearish sentiment all the way down to $212, the next technical support level; • Therefore, let’s pay attention to the $228 support, as now would be the best time for a reaction. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:MSFT
by Nathan_The_Finance_Hydra
2
NVDA: BULLSEYE! 🎯 What to expect from here?• Yes, we nailed the 61.8% Fibonacci’s Retracement in the weekly chart. We set this target on my previous public analysis on NVDA (the link is below this post, as usual); • Now, it seems NVDA is trying to react above the retracement. In addition, it just filled a gap around $142 (daily chart), which did work as a support level on Dec 29 – 30; • So far, there’s a bottom sign, but not a reversal structure yet. The trend would technically reverse if NVDA breaks the 21 ema in the daily chart – so far, the 21 ema is above the price, pointing downwards; • On the bright side, there’s a Hammer candlestick pattern in the weekly chart. As Bulkowski’s studies reveal, Hammers have 60% chances of reversing the trend, therefore, this might be a catalyst for NVDA; • On the other hand, what could trigger a bearish continuation for NVDA? If it loses the 61.8% again. In this case, the next technical support level is the $129 (daily chart); • I’ll keep you guys updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
TSLA: Finally hit $126! Next Key Support/Resistance levels!• TSLA finally hit our target at $126; • So far, there’s no technical bullish reaction indicating a bottom or that TSLA will bounce/reverse; • In this case, the next support level to aim is the $110, as evidenced on the weekly chart above; • However, if we see a bullish structure just above the $126 support, TSLA has the potential to bounce and seek higher levels – this wouldn’t reverse the main bear trend, but could be the beginning of a reversal; • If it reacts, there are many resistances on TSLA that we should be aware, like the 21 ema in the daily chart, the red trend line, the $166 (previous bottom in the daily chart), and the $155 (previous resistance in the weekly chart); • Clearly, it won’t be easy for TSLA, as the trend is extremely bearish. Let’s just pay attention to these key points for now. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1
AMD: Around the 61.8% Retracement! [Target Hit + New Key Points]• AMD is crashing today, and it is rejecting yesterday’s bullish reaction; • What’s more, it behaved exactly as we described in our previous analysis on it: It respected the first retracement at 38.2%, but when it lost it, it just dropped to the 61.8%, ignoring the 50% retracement – This pattern happens most of the time; • In the 1h chart, AMD is losing the 21 ema again, and it seems it wants to fill the previous gap at $62.84 (red line); • It is still above an important support area, made not only by the gap mentioned above, but by the 61.8% Fibonacci’s Retracement; • There’s still time for a bullish reaction, but so far, the price action is not confirming any bottom sign in this support area; • If AMD loses the $62.84 area, the next technical support is around $59 - $58 (blue lines); • AMD is in a short/mid-term bear trend, as it is just doing lower highs/lows in both, 1h and daily charts. There’s no bullish reversal structure on it as well, but if AMD is about to react, now is the perfect time. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
SPX: Gap filled, another target hit! Next KEY POINTS!• The index filled our gap at 3,818, which was our target since my public analysis on Dec 15 (link below, as usual); • Now, it is trying to lose this technical key point. In this scenario, the bear trend will just continue, and the next technical support is the next bottom at 3,744; • So far, there’s no evidence of a bottom on SPX yet, as it lacks bullish reaction; • If SPX reacts, it could easily bounce again to higher levels, but as long as it stays under the 21 ema in the daily chart, the trend will remain bearish; • We see five bearish candlesticks in a row, which is quite uncommon to see. Either way, the 3,818 is still a key point, as if the index reacts above this area, it still might work as a support. • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
QQQ: BULLSEYE! Gap filled. What's next?• QQQ hit our target, as it filled our gap at $268.50 (red line); • We set this target on our previous public study on QQQ, on Dec 15 (link below this analysis); • QQQ acted according to the technique so far, and there’s no clear bottom sign on it yet; • If QQQ actually loses the red line, the next technical target is the next bottom at $259.08; • Only if we see a good bullish reaction, and QQQ stays above the support at the red line, we might see a bounce on it. In this case, the 21 ema is the next technical resistance; • Either way, QQQ looks interesting. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
1
AMC: Hit our CRITICAL SUPPORT LEVEL! What to expect from here?• AMC hit our support level at $5.05, which I mentioned in our previous post, here on Tradingview (link below this analysis); • Now, it seems it is stabilizing, but we don’t see any bottom sign yet (not confirmed, at least); • If AMC does a bullish reaction above this support, we can expect a bounce, at least, to the 21 ema in the daily chart; • A bullish reaction could be any bullish candlestick pattern/structure above this key support; • On the other hand, if it fails in react around the $5 support, AMC would seek the next support around $3; • Either way, AMC is in a critical situation, and it is an interesting to put on our watch list, as regardless of what happens, it has a lot of potential; • So far, AMC’s movements have been easy to read. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
2
SPX: We nailed another TARGET! What's next?• The index hit our target at 4,083, as it behaved exactly as we expected yesterday, but it seems it is losing strength now. The link to my previous analysis is below this post, as usual. • So far, it is doing a Shooting Star candlestick pattern. Considering it is just under a key resistance, this might be a top sign. • The trend is still clearly bullish, and any pullback to the 21 ema, or even to the 3,974 is acceptable, and would just be an opportunity to buy. • Only if the index drops below this dual-support area made by the 21 ema - 3974 it would frustrate this bullish sentiment. As long as it stays above it, the bullish bias will persist. • What if it breaks the 4,100? Then the 4,200 will be the next resistance to work with. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
TSLA: Be aware of these KEY POINTS! [Gap Filled/Target Hit!]• Since our last study on TSLA, it hit our target as it filled the gap at $170 – the link to our previous public analysis is below this post; • However, despite the bullish reaction seen recently, TSLA is trying to reject it, as it is dropping sharply today; • Since the mid-term trend is clearly bearish, in theory, TSLA is just heading to lower levels, and the $166 is the next support to work with (mid-term support); • How could TSLA avoid this scenario? First it has to react as soon as possible and break the $177 again (red line). This could give TSLA more momentum to keep up; • Second, it has to break the 21 ema in the daily chart; • Third, it has to do a clear bullish reversal structure, which there’s none at the moment; • Therefore, it won’t be easy for TSLA, but let’s keep these key points in mind for now. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6
SPX: Is it REVERSING the BULL TREND? Let’s see.• The index lost the 21 ema in the daily chart, which was our last target since it triggered our Spinning Top candlestick pattern last week (link to my previous public analysis is below this post); • So far, there’s bullish reaction on the SPX indicating that the sell-off is over, therefore, it could drop to lower levels; • If it loses the 3,911 area (previous support/resistance level multiple times in the past) then the next target would be the gap near 3,800 (yellow square); • Is there anything the SPX must do in order to avoid such drop? Yes, it must do a clear bullish pattern/structure, preferably above 3,911. This might save the bullish bias that started on October 13 – otherwise, it would just reverse the sentiment; • Tomorrow we’ll have our answer. Either way, I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
2
TSLA: Another BULLSEYE! What to expect from here?• Yes, we nailed another target on TSLA! Since it broke our key point at $185, it went straight to our $198 – The link to my previous public analysis on TSLA, when I set this target, is below this post, as usual; • In the 1h chart, TSLA did a bullish pivot point just above the $179, which seems to be another key support level; • In addition, TSLA is finally above the 21 ema in both time frames, which is another bullish sign; • However, TSLA just hit a target, and the $198 is a key resistance, as evidenced by the daily chart; • So far, there’s no top sign, but if we see one, TSLA could easily drop again to the $177 - $179 area; • In order to reverse the bear trend in the mid-term (daily chart), is important to see TSLA breaking the $198 as soon as possible; • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
SPX: Hit our Short-Term TARGET! What's next?• The index hit our short-term target, the support at 3,980, as we mentioned yesterday, and it broke it downwards. The link to my previous analysis is below this post, as usual; • Now, the trend is bearish in the 1h chart, as it did a lower low, and it is below the 21 ema. In theory, it’ll seek the 21 ema in the daily chart next, or maybe the 3,900 area; • What could frustrate this short-term bearish sentiment? If the index reacts and breaks the 3,980 again, along with the 21 ema in the 1h chart. As long as the index remains below these two key points, the trend won’t reverse, and any bounce would be just a bounce, not a true reversal sign; • Everything is still going according to the plan, but it seems we have yet to see more confirmation signs, regardless if it is going to drop more or reverse. I’ll keep you all updated every day on this, as usual. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
SPX: Another BULLSEYE! Is there a Bottom now?• Today, SPX hit our target at 3,911, as we described yesterday (the link to my previous public analysis is below this post); • So far, there’s no bullish reaction indicating a possible bottom. In the lack of signs confirming a bottom, the next stop is the 21 ema; • The volume is still low, which reinforces the idea of a correction; • Any bullish reaction near any of these supports might indicate a buy, as there’s no reversal sign on the index yet (it is still doing higher high/lows). I'll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
SOFI: Target Hit + Top nailed! What's next?• Since our last analysis, SOFI corrected to our targets, being the first at $5.70, and the second at the 21 ema (link to my previous analysis below this post, as usual); • Now SOFI is correcting along with the indices, therefore, this is a systemic correction; • We see a bullish reaction at the 21 ema, however, it is too soon to tell if it is a meaningful bottom sign or not; • Either way, if it loses today’s low, I see SOFI correcting more, probably below $5; • It all depends on how it’ll react today. I'll keep you guys updated on this. Remember to follow me to keep in touch with my analyses!
NASDAQ:SOFI
by Nathan_The_Finance_Hydra
2