Tesla - Going down soonElliott Wave Theory suggests that Tesla's rally may soon come to an end.
This is hardly mistakable as we can see a very obvious Wave 4 Triangle (in chart).
Once Wave 5 is in - or already in, a major correction (A-B-C) ensues.
Wave 5 could very well be an Ending Diagonal, if it decides to extend further.
Ideal price to start investing in Tesla would be around the 0.5 to 0.618 Fibonacci Retracment levels .
It may or may not go lower, but trying to catch the absolute bottom is not what you'd like to do.
Usstockmarket
Dow Jones: Is this the beginning of a 2nd SELL-OFF? Cont'd2nd wave of coronavirus has become a factor in Europe.
Central banks are selling gold for the first time in more than a decade to keep their economy afloat.
Dow Jones had the biggest weekly drop in 7-months after multiple breakouts such as 1) the 5-month rising trendline, 2) the neckline of a double top and 3) created a lower low in 7-month.
With all the above factors, we have a case to expect the 2nd wave of the selloff in the stock market which probably has begun.
The strategy to sell is simple:
1. Don't be a fortune teller and try to time the market and trade with tight stop loss.
2. Make sure your trade does survive before the price pulls all the way back to the double top at 29200.
AAPL - Interesting areaHi Traders
Next week it could get really interesting for Apple. On friday we fell back into the area where we saw a big reaction after the last earnings report. A lot of institutional money thought this stock would be worth more.
How do they think now, after the stock split and the latest US-China trade war capter around bannishment from Tik Tok etc?
Depending on the reaction of the price in this area it could become interesting to buy into AAPL for a shorter period of time.
Live Trading video - Shorting TSLA after rejecting from high's!!Thank GOD !!!
Things you can learn from this live trading video :
1.How to control your emotion.
2.Stick to your plan.
3.Trust your strategy
4.Look when I shorted the stock
5.Look when I added to shorts with low quantity
6.Look how I covered my profit's i.e, partials
7.How I shift my stop losses while trading
8.How I set my profit target
9.I have tried showing all this thing with graphical representation
S&P500: Testing the Support. Action plan.S&P is trading within a Channel Up on the 4H chart (RSI = 43.121, MACD = 1.310, ADX = 35.999) and is right now testing not only the 3,200 Support but also the Higher Low trend-line of the Channel Up.
This is a bullish signal which we are taking and will close within 3,275 - 3,292, which is practically the Resistance Zone. If however the 3,200 Support breaks, we will switch to selling towards the 3,115 Support.
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Visa double top and beyond or sell?Hello traders and analysts,
Here we have our first sharing of Visa (V) a stock we have held for a long time due to the constant growth and consistent dividend returns quarterly.
Technicals -
Purchased 2nd order batch during the break out of the monthly zone . - but the zone is a monthly zone so keep it technical this is important to show a good demand zone.
Weekly levels - identified as potential supply zones but the monthly double top formation kept showing a strong bullish momentum.
Weekly zones became new supplies in the swap zones.
Notice the imbalance candles which are present inside these zones.
Fundamentals:
warning of economic downturn with spending cuts to households - with millions relying on stimulus paychecks - credit is still a valid use of fund transfers of course and will always be, however the slowdown will become clear.
Price fared very strongly during the crisis of 2008, with a strong growth retained throughout the recessional period.
However, be aware of consolidation between 2011 - 2015 - slow sustainable growth but not many down periods to provide demands.
The recent 2018 - 2020 shows larger swings with multiple fundamentals in play.
Always look left.
The next option is to consider once in the supply zone all time high, what will price show us? A strong retest to produce and all time high or show a rejection upon the supply, we do not predict the future, but prepare for forward scenarios as price reacts.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
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Team Lupa
COVID-19 2nd bear wave? (DJI wave analysis)Fundamentals:
If we consider permanent damage to the economy caused by COVID-19, we should expect a decline in corporate profits, therefore a fundamental devaluation of stocks and a great deal of uncertainty
Now the market optimistically bets on fast recovery. Nobody wants to be overboard a rising stock market.
This conditions remind me an Elliott Wave B definition. When the markets swiftly recovers from initial big sell off, and everyone is confident that the worst storm is left behind. Price drifts close to previous top or even slightly exceeds it, but then a dramatic sell off occurs.
Technical analysis:
Wave B (red) looks pretty sluggish. Rather a 3-wave pattern than an active impulse wave. It has driven stock market (DJI) only 10.7% above the top which was set in January 2018. I've discovered that wave (B) is equal to 161.8% of wave (A).
A green wave (b) is an assumed result of investors being overoptimistic.
Although the recent volumes and STDEV confirm the downward bias/momentum, it's not certain that an assumed wave (b) is finished and soon decline in stocks is inevitable.
Forecast:
If assumption is right, we should expect a strong decline in stock prices sooner or later.
DJI is anticipated to reach 16225-16679 area.
PS:
I've duplicated the publication so that more investors can see it in the "markets - indices - major world indices - dow30" pass.
COVID-19 2nd bear wave? (DJI wave analysis)Fundamentals:
If we consider permanent damage to the economy caused by COVID-19, we should expect a decline in corporate profits, therefore a fundamental devaluation of stocks and a great deal of uncertainty
Now the market optimistically bets on fast recovery. Nobody wants to be overboard a rising stock market.
This conditions remind me an Elliott Wave B definition. When the markets swiftly recovers from initial big sell off, and everyone is confident that the worst storm is left behind. Price drifts close to previous top or even slightly exceeds it, but then a dramatic sell off occurs.
Technical analysis:
Wave B (red) looks pretty sluggish. Rather a 3-wave pattern than an active impulse wave. It has driven stock market (DJI) only 10.7% above the top which was set in January 2018. I've discovered that wave (B) is equal to 161.8% of wave (A).
A green wave (b) is an assumed result of investors being overoptimistic.
Although recent volumes and STDEV confirm the downward bias/momentum, it's not certain that an assumed wave (b) is finished and soon decline in stocks is inevitable.
Forecast:
If assumption is right, we should expect a strong decline in stock prices sooner or later.
DJI is anticipated to reach 16225-16679 area.
My bearish long term playbookThis is the bearish scenario on the US stock market which yet needs to be confirmed and might be invalid soon, but if the stock market starts to tank in the upcoming weeks It might be very usefull to anticipate fast.
Could the FIS share continue to rise? If So, Lets "Buy"US technology services shares rose strongly despite the demonstrations and protests in The United States of America.
FIDELITY NATL INFORMATION SERVICE, known as FIS, stands for a strong bullish rally based on the bottom side of the ascending channel And it was able to form a wide triangle that it broke through.
Any return to price at 140, which represents the upper side of the expanding triangle, is a strong opportunity to buy towards the upper side of the ascending channel at price 150
NASDAQ TECH FLEXNDAQ is having a bit of an electric surge and could push ATH (all time highs) amid the pandemic playing out. Tech for the win it seems during times of uncertainty to save the day.
Bears are getting a bit of a slaughtering here as many are turning to and being more reliant on technology than ever before.
A forethought is that smart money in other US markets will leave these stagnate companies to flow into high tech tech firms, due to FOMO thus NASDAQ will hit ALL TIME HIGHS.
Keep in mind that this also makes the economy look stronger yet soo many more are staggery than ever before since the start of 2020 due to the flow on effects of covid and the recession that no one is clearly speaking about that’s been teeter totting since mid last year. (You can’t polish a turd)
US Markets Testing Previous Highs Normal Economic Sentiment:The following below remains, however S&P and DJI are testing the previous high. If these markets break this I’ve added a safety point on which I will deem these market have revered from the cover turmoil and it’s ‘business at usual’, the FED will most probably still have that money printer going Brrrrrrrrrrrrrrrrrrrrr though…
VERY BEARISH if the following transpires before breaking the above safety points:
S&P: If P action closes below the orange line at 2723.3 attention will turn more bearish and watch for market to fall to 2460.2. In this instance will reassess market dynamics as it may bounce in this range or continue to fall
Dow: The same flows for Dow Jones with P action closes below the orange line at 22931.5 attention will turn more bearish and watch for market to fall to 20842.4. In this instance will reassess market dynamics as it may bounce in this range or continue to fall
If markets stay above these initial levels for the next 3 months (i’ll be surprised) however this will look like economies are back in order from COVID-19 and running ‘normal economics’