Long here , limit long at 2.222 at monthly pivot. Yearly s1 at 2.1 , stop below 2 . Winter is coming as always.
TWTR is currently putting in what appears to be a double top. We saw a similar structure form back in 2014/2015 before Twitter headed lower. There is a possibility we may see that pattern repeat here. I am looking for a pull-back to some of the weekly moving averages. Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If...
Boeing (BA) recently had a bullish S/R flip on the daily on top of a prior resistance zone around the 375-380 region. There remains a gap in the price action around 415, so that might be a possible target area. I am also watching the 400 level. This company has had a lot of bad news and bad publicity around it for some time, and in that, there might be opportunity...
Gold is currently forming what appears to be a bear flag formation on the daily. My other TradingView post on Gold was high-lighting a potential broadening top formation, but that has since been invalidated. On the daily chart, we can see there has been several attempts by Gold to push higher, but each attempt has been sold down resulting in some rather ugly daily...
Amazon (AMZN) is currently forming a bear flag formation. Price has been consolidating along the 200 day moving average, with downward pressure from the 50 day moving average. Watch for a break below the 200 day moving average that I have colored in Red. If that happens, Amazon could return to the 1560-1620 support zone, as the measured move of the bear flag lands...
Disney (DIS) is currently forming an H&S pattern, which is generally a topping formation pattern. Based on what I see, I think Disney could retrace down toward 117.50-120; as it would coincide with a gap in the price action (around 117.50 or so) and it would test a potential bullish S/R flip around that 120 zone that acted as resistance for awhile, as shown by the...
TSLA is forming what appears to be a Cup and Handle formation, and looks primed to continue upward. Once the 248 or so level breaks, we should see a nice move up to the range around the 200 day moving average in Red, which also coincides with a gap in the price action around 257.50. -This is not financial advice. Always do your own research and own due-diligence...
AMD looks to be double topping on the weekly chart with some clear weekly bearish divergence on both the volume and on the RSI. We can see price has been rising on declining volume, and the relative strength of this latest push up is failing to break 70 on the RSI on a weekly basis. Potentially might see this one pull back to the 50 week MA around $26, or perhaps...
MSFT has been forming this ascending triangle pattern since early August, with a series of higher-low's and a relative flat line of resistance around 139.50 or so. Measured move of the break-out would put the price at around 147.50. -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and...
Gold and Silver have been on a strong rally following some concerns in the market and with a potential recession on the horizon. Silver is up about 30-35% off of the 2018 lows, and is currently approaching a historically important zone of control between 18.8-21. We can see this level acted as a major resistance level after the market crash in 2008, and twice more...
Taking a look at the SPY on a monthly chart can really put things into perspective. Some warning signs about a possible recession looming got me thinking about what levels to the downside would interest me should the market enter into a recession and begin to head down. Here is what I came up with: 207-215: This level was a prior resistance level back in 2015...
NFLX fell off a cliff following some bad FA news. The sentiment around the stock is pretty bearish given this, and there has been tons of bearish articles that have come out, but I think this could be a fantastic buying opportunity as it is close to its 100 weekly moving average, which held the price on the previous drop back in October-November of 2018. High risk...
EURO falling down to support at 1.12. That will keep bullish reversal valid (no trend yet, only consolidation). If it won't bounce from there, next stop at 1.116, but the trend will change to bearish than. Stronger support wait at 1.11.
A trend-followers analysis of this Cotton Futures price action. By request. premium.crackingcryptocurrency.com
TSLA is back within the territory of a previously strong support zone around $180, as shown by the white box. We saw this zone hold several times back in 2014-2016, and it has proven (at least historically) to be a zone in which buyers will step in. Following all of the bearish price action and overly bearish sentiment in my opinion, we could see a potential...
UPS is currently building support on top of old resistance around $112 (which confirms the bullish support and resistance flip), and is consolidating in what looks to be a bull flag-like pattern. We also have a daily golden cross (50 day moving average crossing the 200 day moving average) and we could see the momentum continue to carry this stock higher. R/R is...