Usstocks
Technical Analysis of Nasdaq 100 Index in 1 Hour Time Frame(1) In hourly time frame, we can observe that the price was moving through a parallel channel in upward direction.
(2) From upside, 18,400 level is performing as a strong resistance and the price couldn’t sustain above this level.
(3) 17,800 level is an immediate support for the price as the price has taken support in here for multiple times.
(4) Recently with a gap down, price is currently trading below its trend line support level.
(5) There is a possible chance that the price again can come to its support zone and bounce back from here.
Riding the Waves with Affirm Holdings An Elliot Wave PerspectiveGreetings, fellow learners of the financial markets! Welcome to RK_Charts, and today, let's delve into an educational exploration of Affirm Holdings.
Technical Insight:
Affirm Holdings is currently trading near $36.70, showcasing an intriguing Elliott Wave pattern. Having successfully navigated through waves (1), (2), and (3), the stock now finds itself in the midst of the corrective phase, wave (4). Within this phase, wave C is on the verge of completion, having completed waves A and B.
Detailed Wave (4) Analysis:
Zooming in on wave C, the intricate journey unfolds with meticulous completion of waves ((i)), ((ii)), ((iii)), and ((iv)). As we stand on the precipice of the final leg which can show little new Low also possibly with Bullish Divergence, wave ((v)) beckons, potentially signaling an upcoming bullish move, So new Low can be an opportunity at lower levels.
Educational Purpose Only:
This analysis is presented solely for educational purposes. It is crucial to understand that market dynamics are multifaceted, and investing involves inherent risks. Always conduct thorough research, factor in personal risk tolerance, and consider seeking advice from financial professionals.
Invalidation Level:
In this educational context, an invalidation level is established at $30.65. This level serves as a precautionary measure, signaling a point at which the current analysis may no longer align with market movements. It's a reminder of the importance of risk management in any trading or investment decision.
Potential Target:
For those intrigued by market dynamics, consider the educational exercise of contemplating a long position in Affirm Holdings. The anticipated target of $52.50 aligns with the top of wave (3), illustrating a potential upward trajectory.
Conclusion:
In the realm of financial education, Affirm Holdings provides a captivating case study. Approach this analysis with a curiosity for learning, acknowledging the fluid nature of markets, and embracing the importance of risk-aware decision-making.
Happy learning
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
S&P500 Upward Trend Still Intact"The S&P index continues its upward trajectory, defying expectations of contraction. Despite occasional fluctuations, the overall trend remains resolutely upward. Investor confidence appears unwavering, bolstered by strong economic indicators and corporate performance. This sustained growth signals stability in the financial markets, encouraging continued investment activity. Analysts attribute this resilience to a combination of factors, including fiscal policies, technological advancements, and global market dynamics.
NASDAQ Aiming Higher: New Upward Rally Continues!NASDAQ maintains its upward trajectory, continuing its ascent in a new rally. With bullish momentum intact, the index remains focused on reaching higher levels. Investors are optimistic about the sustained growth potential, driving confidence in the NASDAQ's performance. As the rally persists, attention is keenly directed towards emerging opportunities and potential market developments. Amidst evolving market dynamics, the NASDAQ's resilience and upward momentum underscore its significance as a key benchmark for technology and growth-oriented stocks.
Elliott Wave Analysis of ATROAstronics Corporation, listed on NASDAQ under the ticker symbol ATRO, is currently undergoing a wave analysis based on the Elliott Wave Theory, focusing on the hourly timeframe.
Starting from November 2023, where the price was approximately $14, we began identifying the initial wave ((i)). The wave count progressed until the high in February 2024, reaching $20.35, which was labeled as wave ((iii)).
Currently, the stock is believed to be in wave ((iv)), which is expected to consist of three subdivisions: (w), (x), and (y). As of now, we are unfolding wave (y) within wave ((iv)). This wave (y) is further subdivided into wave a, wave b, and the ongoing wave c which can go still lower.
Once wave ((iv)) completes its formation, the expectation is for a rally to the upside, signaling the beginning of wave ((v)). This wave ((v)) has the potential to surpass the high of wave ((iii)), indicating a continuation of the bullish trend.
However, it's important to note that the validity of this wave count may be challenged if the price drops below the $16 level. This would invalidate the current wave count and necessitate a reevaluation of the analysis.
Traders and investors should exercise caution and consider risk management strategies when making decisions based on Elliott Wave Theory, as market movements may deviate from the expected patterns.
Please keep in mind that this analysis is based on historical price data and patterns, and actual market behavior may vary. Always conduct thorough research and analysis before making trading decisions.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
APPL INCApple Share Pullback Sparks Renewed Optimism for Future Gains
Description:
In the dynamic realm of financial markets, Apple Inc. (AAPL) has recently experienced a share price pullback, igniting both caution and excitement among investors. The recent downturn saw the stock price temporarily declining, triggering a wave of stop-loss orders. However, astute market observers are now contemplating a potential reversal in this trend, as historical patterns and fundamental indicators suggest the possibility of an upward trajectory in the near future.
The Apple share pullback, though unsettling for some, is a common occurrence in the ever-evolving landscape of stock trading. Markets are often subject to fluctuations driven by a multitude of factors, including macroeconomic conditions, industry trends, and investor sentiment. Such periodic declines can be interpreted as opportunities for shrewd investors who understand the company's underlying strengths and potential for growth.
As stop-loss orders were triggered during the recent pullback, some market participants may have been compelled to sell their Apple shares to limit potential losses. This mass selling could have contributed to the temporary decline in the stock price. However, seasoned investors are aware that market sentiment can sometimes overshadow a company's intrinsic value. Apple's robust product ecosystem, consistent innovation, and global brand recognition are formidable assets that have historically propelled its stock price to new heights.
Investor optimism is buoyed by historical precedence, as Apple has demonstrated resilience and the ability to rebound from similar setbacks in the past. Notably, the company has exhibited a history of recovering from pullbacks and establishing renewed momentum in its stock price. This pattern underscores the potential for a similar resurgence in the wake of the recent downturn.
Furthermore, fundamental indicators continue to paint a positive picture for Apple's future prospects. The company's strong financials, consistent revenue growth, and ongoing expansion into emerging markets contribute to a favorable outlook. As Apple continues to innovate across its diverse product portfolio, including smartphones, wearables, and services, the potential for increased revenue streams and sustained market dominance remains compelling.
In conclusion, while the recent Apple share pullback may have triggered stop-loss orders and temporarily dampened investor sentiment, it also presents an intriguing opportunity for those who recognize the company's underlying strengths. Historical patterns of recovery, coupled with robust fundamental indicators, suggest that Apple's stock price may be poised for an upward movement in the near future. As always, investors should exercise diligence, conduct thorough research, and consult with financial advisors before making any investment decisions
aapl → are you ready for a dump?!hello guys...
as you can see apple engulfed the last support and demand zone as a flip area!
on the other hand, made two QM patterns! we can consider it as QMC and QMR too!
those two blue areas are great for getting short positions!
target is 181.6 and 171.3.
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GITLAB: Elliott Waves and Reversals potentialGreetings, fellow investors! In this technical analysis, we explore the Elliott Wave patterns shaping the landscape of GitLab (NASDAQ: GITLAB). As of the current evaluation, the stock is positioned at a critical juncture, poised for the completion of wave 4, with a nuanced focus on the unfolding wave ((c)).
Wave 4 Overview:
Having traversed through waves 1, 2, and 3, GitLab now stands on the verge of concluding wave 4. This corrective phase sees the completion of both wave ((a)) and ((b)), entering the final leg of wave ((c)). Within this intricate phase, wave (i), (ii), (iii), and (iv) have successfully played out, setting the stage for the imminent completion of wave (v) within ((c)).
Key Support Levels:
Equality Extension: After achieving the equality of wave ((a)), GitLab has approached the extremes, reaching 1.618% of wave ((a)) in wave ((c)).
EMA Confluence: Notably, the 55-56 zones present a significant confluence, housing both the EMA 50 on the weekly timeframe, along with the EMA 200 & 100 on the daily timeframe.
Internal Wave Counts: Further reinforcing this critical level, internal wave counts align, adding weight to the potential reversal zone.
Anticipated Reversal and Targets:
With the confluence of technical factors at the 55-56 zones, there's a compelling case for a bullish reversal. A reversal from this level could offer a promising swing buy trade, signaling a northward trajectory to complete wave 5. This anticipated wave 5 has the potential to surpass the high of wave 3, pegged at 78+ levels.
Invalidation and Risk Management:
To safeguard against potential downside risks, a close below 55 is established as the invalidation level. This serves as a prudent measure to reevaluate the analysis in case of unexpected market movements.
Wave 5 Insights:
Wave 5, known for its impulse and directional strength, often exhibits a final burst of buying or selling pressure. Traders should be vigilant for signs of divergence, volume spikes, or other confirmatory signals as wave 5 unfolds, enhancing decision-making precision.
Remember, the market is dynamic, and risk management is paramount. This analysis is not financial advice but aims to provide an educational perspective on GitLab's potential future movements.
Happy Learnings!
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
A last tiny leg down and then a massive rally in TESLA!The stock is spotted in a complex triple three correction(WXYXZ) since JUL.2023 and is now finally at the end stages of this lengthy correction.
Only the last leg, which would be wave v of "WAVE C" of "WAVE Z" seems pending in the stock now.
$170-180 is a major support region and the stock is expected to complete the last leg of the correction within this zone itself without sliding much further down.
What would follow after "Z" is completed though, would be the next bull leg (labeled as wave III of 3) that could be projected moving towards $330 region.
AMD begins journey towards $213 in wave v of 3.AMD is all set to rise in wave v of 3.
The projected target for the wave is expected to be around $213.
$164 marks an important swing low for the stock and the SL too can be set around this level.
The way volume has picked up in the stock from JAN, it is also possible for the current wave to out-beat the expected target level.
Disney: Bullish Reversal, Upside Potential +10% ?Hi Realistic Traders, let's delve into the technical analysis of NYSE:DIS
Following the breakout of the bearish trendline and double bottom pattern (signaling a Bullish Reversal), Disney sustained its upward trajectory beyond the double bottom and the EMA90 Line. Furthermore, a falling wedge pattern emerged near the EMA90 Line, suggesting a continuation of the bullish trend. Subsequently, the price surpassed the falling wedge pattern, accompanied by the MACD line crossing above the signal line, reinforcing the likelihood of a bullish signal toward the target area. These technical indicators typically validate the potential for a bullish trend continuation.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Disney."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
40% up-leg incoming in Harley-Davidson!Harley-Davidson is just starting to take off in wave III.
The initial "wave I'' was witnesses in the stock through the period between late Oct-late Dec.
Wave II was a mere 38.2% retracement of the impulse(a sign of strength) and now the corrective pattern of the wave II seems to have completed all legs.
Wave III projected target zone comes to approx. $45-50.
With the kind of current risk-reward potential that the stock is offering at CMP, looks like a good pick in the up-trending Automobile sector.
MSFT: Hidden Bullish Divergence, Upside Potential+7%? Hi Realistic Traders, let's delve into the technical analysis of NASDAQ:MSFT
Microsoft's current price action analysis (MSFT) reveals several significant indicators suggesting a favorable bullish trend. Firstly, the stock consistently trades above the Exponential Moving Average (EMA) 34 line, signaling a robust bullish trend. Additionally, a recent development in a symmetrical triangle formation has been observed, followed by a decisive breakout from this pattern.
Moreover, the momentum indicator has exhibited a hidden bullish divergence, reinforcing the positive outlook. This confluence of technical signals indicates a strong likelihood of Microsoft continuing its upward trajectory. In our analysis, we anticipate a potential pullback to the previous resistance zone before resuming its bullish trend, with the initial target in sight. Further, we identify a second target for potential gains, underlining the prospect of sustained positive momentum in MSFT's market performance.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Microsoft."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Tesla Faces Headwinds: EV Fleet Sale and Intense Price WarTesla experienced a notable setback, with its stock falling as much as 4.2% during Friday's trading session. This decline marks the 11th drop in 12 sessions. The dip follows Hertz Global Holdings Inc.'s announcement of plans to sell off a third of its U.S. electric-vehicle fleet, contributing to the downward pressure on Tesla's shares.
Adding to the challenges, Tesla has been navigating a complex landscape in China. Since late 2022, the company has engaged in a series of price cuts, triggering responses from other manufacturers and putting pressure on profit margins across the industry. Domestic players like Xpeng Inc. and BYD Co., as well as global giants like Volkswagen AG, have joined the price-cutting competition to defend their market share
Technically we have a good opportunity to position, but as I always advise in my posts don't take full size position before the move is already happening. 0.5 Risk now with another addition of 0.5 to the full risk which as a Risk Management should not be more than 1-2% of the total portfolio.
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LCID analysis ⏰ let's discuss :-: Hello 👋 it's me your RAJ 🙂 professional trader ✨
This idea 💡
is completely my own analysis to explain situation _&_ market conditions of NASDAQ:LCID
How this chart valid for long term 📌 explained clearly based on technical #TA 📌 #DYOR
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Frankly speaking 🗣️ I am full time trader in Crypto 🔮 part time in stocks to save my money 💰
Based on my friend request , i am doing 📌 analysis ⏰ based on technical analysis #TA
I don't know it's fundamental and some other things to measure this as potential or bad stock based on technical i will talk 🦜
If u have experience and good knowledge in stock market especially usstock
Pls let me know about this company NASDAQ:LCID it helps me to check price in other conditions
:-) let's go 👀
In my opinion || chart 📉📈 looking too bad // continues downfall
Best area enter is ::👉 $2.6 - $4.1 👈
Best area to exit 🎯 :: $5.3 - $10.4 - $17 - $34
Stop 🛑 when price goes below $2.5 weekend candle close below Invalid 📌 to invest
Don't use 100% liquid 💰 it's high risk , so prefer 5-10% liquid 💰 on ur portfolio
Let me know points to consider on this stock , so i work and i will submit u those
👀 I always do analysis on crypto stocks _&_ large cap // rest of things i don't know much
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🪩 disclaimer :
▶️ TQ u for supporting 💚 follow idea 💡 get updates everytime ⏰ when I updated 📌
Note 👀
👉 keeping comments , reacting with emojis , pointing us is very easy to some people
They think 💬 what they see 📌 that was knowledge 📌
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull 🐂 and bear 🐻 is more important
Economical conditions
Fundamentals
Technical
News
Sentiments
Checking macro to micro having good plan and build it is very important ☺️
Some Times market easily turn suddenly bear // bull 🤣 even we need to catch 🫴 those movements is also very important ☺️ 💛
I hope i cleared my view 🙂 if any points if I miss I will add in update 📌 post
Try to understand, try to learn - try to move with flexibility with market is important
Have good day 😊
SPX macro analysis ⏰ Hello 👋 it's me your RAJ 🙂 professional trader ✨
This idea 💡
is completely my own analysis to explain situation _&_ market conditions of CBOE:SPX
How this chart valid for long term 📌 explained clearly based on technical #TA 📌 #DYOR
Let's go with market conditions 1st 👉
PPL 📌 thinking 🤔 big crash in S&P500 , based on economy and some other theories
I don't this things go , if this happens 😂 it will vanish not only stocks or companies even goverment also get vanish
Money 💰 >> PPL work / save in -> gold , bank & stocks
Money 💰 >> banks -> save in ->> gold , stocks & giving loan to company & PPL 📌
Money 💰 >> companies -> save in future growth 📈 give return to retailers and keep on increasing vlaue for future like NASDAQ:AAPL , NASDAQ:GOOG , NASDAQ:AMD etc ....
if stocks lose 📌 PPL lose 📌 if ppl lose 📌 goverment also lose 📌 biggest revaluation 😂
This is the major index ☝️ for many stocks , did you think 🤔 it will crash 🩸 that much harder 🙂
Use 🧠
👀 Let's go with my technical analysis ⏰ #TA ->> how I am expecting macro growth 💹
👀 There tend line 🙄 at previous High 2022 > to < 2023 which actually promised
trend 📉 line and even turned as resistance 📌 for 1.2yr
+
Finally it was broken and re-test also done 👍 turned as support 📌 💜💚 🚀
👀 According technical analysis 📌 my analysis get Invalid 📌 when month close below $3800.2
👀 There was oder block strong 🚀 support 📌 in 3 - month $4000-4200
👀 The previous order block at $4300 & $4600 easily broken 😂
These and some other theories making me push towards new high 💰
Expecting target's 🎯
🎯 :: $4880-$5018 ( easy target )
🎯 :: $5324-$5469 ( 💯 target )
🎯 :: $5885-$6484 ( high pressure resistance )
Support 📌 $3900-4200
This is my analysis on S&P500 on macro , i will post other patterns and chart of technical as per education under this post 📌
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🪩 disclaimer :
▶️ TQ u for supporting 💚 follow idea 💡 get updates everytime ⏰ when I updated 📌
Note 👀
👉 keeping comments , reacting with emojis , pointing us is very easy to some people
They think 💬 what they see 📌 that was knowledge 📌
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull 🐂 and bear 🐻 is more important
Economical conditions
Fundamentals
Technical
News
Sentiments
Checking macro to micro having good plan and build it is very important ☺️
Some Times market easily turn suddenly bear // bull 🤣 even we need to catch 🫴 those movements is also very important ☺️ 💛
I hope i cleared my view 🙂 if any points if I miss I will add in update 📌 post
Try to understand, try to learn - try to move with flexibility with market is important
Have good day 😊