Weekly Chart: NYSE:ANET reports today after the close. The stock has a short-term topping formation that is nearly completed. The prior runs went speculative but then corrected. The top is similar to the previous peak and the depth of correction is likely to be similar. The stock has simply moved beyond fundamental levels. This is NOT likely to turn into a...
NASDAQ:AAPL needs to have a great earnings report on August 1st but it has a topping formation at the moment, after huge speculation from promoting something that is not yet proven to increase sales. You can't take hope to the bank. Speculation occurred as investors assumed that AI would sell more new iPhones in droves. This earnings report will reveal reality...
CAPITALCOM:US100 is in a window where we have multiple patterns completing. The major pattern from the covid low completed on time last week but with now reversal in sight yet we look at the price expectation of around 20500-20639. The smaller pattern from the Oct 2022 low goes out to the end of July. We are in the zone so we wait for a sign. Enjoy the day.
After many years of struggle due to the Banking Debacle of 2008, this venerable old company is finally showing strength again. Spinning off divisions to focus on and drive growth in the key businesses was exactly what was needed. NYSE:GE Aerospace is over-speculated now. The run up from the heavy accumulation during the last half of 2023 is too steep to...
Higher for longer rates are bad for risk assets. COIN has broken its uptrend and I look for the stock to move lower over the coming month. For a trade I went long the Mar 17 '23 $50 Put on COIN. We shall see.
hI folks, this is just an observation here. It looks like the BTC Monthly RSI is close to bottoming. I predict a BTC wick down to ~14k when the W RSI on the DXY hits the trend line and starts its correction to the downside. We all know that BTC and the DXY are inversely proportional. This should start a slow BTC recovery into its next bull-run.
can take 1 to 1 or hold for 1 to 3 or 1 to 4 dont be greedy no more than .15 lot size unless account is big enough news will hit so becareful can make or break the trade
DXY - is reaching sell zone. Watch for topping in that area. Then if rejected we may enter a dollar bear for a while and this will help gold and BTC.
DXY topping formation, 5D RSI divergence, lower elder's BullBear power oscillator, and sentiment is flattening...
Axis Banks seems to have topped out. The selling volumes seem to be picking up again similar to it's previous fall. The support levels are likely to be broken on another retest and the stock may be headed for 450 levels over the coming year. View stands invalidated on break of highs of 867
Now where have we seen this pattern before? Oh yeah most instruments. Now its time for the USD to top around these levels. The ascending channel (in blue highlights) is indicative of corrective price action and most often bearish. If we had a descending channel this pattern would not be complete. A strong downward trend is likely for the USDJPY.
Oil is likely in a broadening pennant topping pattern. But it does NOT look complete. I believe it will hit $93.23 there abouts before turning down strongly and for the foreseeable future. The plan is simple wait for price to hit upper blue line. Sell!
New information is in and we can redraw the chart a little more. The premise though stays the same. It looks more like a topping pattern and the consolidation (blue arrow) we are encountering now looks remarkably similar to the left shoulder (blue arrow) consolidation. I suspect a strong move down after this consolidation phase. Good luck!
I think in the last month we are beginning to see certain sectors of the market starting to crash, mostly technology sectors, like TSLA, AMD, NVDA, INTC,... You really don't have to be expert chart analyst to see that the whole stock market, especially technology sectors are extremely overvalued. It has never been anything like it, really for the past 90 years....
Are we dumping back to 37k - 33k area? It seems like bitcoin is topping out and the bulls seem not able to break the 50k resistance
The SP500 index seems to have topped @ 4476. Technical analysis points to a sharper correction this time around: - prices broke-out the long term bullish trendline - short-term SMAs form an intersection above traded price - short volumes are accelerating, as the daily range expands - the new top formation saw the lowest traded volumes, signaling an ...
We need to close under the monthly dojis wick if we want to see further downside. Close the montly above the line and we see bulls send bitcoin to 58k before re-evaluation of trend. I am biased bearish as per usual. These tops take a long time to bottom.
Looking at the Total US Stock Market (VTI), we can see an obvious arching formation to the Covid-crater rebound, like the decaying upward trajectory of a thrown ball. This trend is characterized by short intervals of consolidation followed by breakouts that exert less upward momentum than the prior breakout. Each of those consolidation phases knocks the rebound's...