Today, we will take a look at LYB . We can see the price has been moving inside a correction for the last 195 days, and the structure is clear enough to understand its more external limits. The way I thought this scenario was like this. How many times in the past were similar situations like the current one, and the next question is can I observe a pattern so I...
Today we will speak about AMZN, the bullish view, and my current setup. If I have to define my trading style, I will describe it as a swing breakout trader. A basic explanation on the way I trade would be described like this "Impulses tend to come from consolidations, so if I'm able to identify formed consolidations on an advance stage, I can start thinking in...
Today we will take a look at META. What are the main technical elements we can see? - We can see two clear impulses and two clear corrections. The first correction was an ABCDE triangle pattern. And the current correction is an ABC zig-zag pattern (for now) - Understanding corrective structures is crucial to have clarity when a correction is finished or...
Today we will take a look at AMAT. What are the main technical elements can we see here? - First, we have the 200 days main structure that the price broke on November - After the breakout, we observed a retest (typical behavior after a structure of this size are broken) - Now, we are ready to define a level where I will consider that this chart...
MELI, Breakout or bounce? Today we will take a look at the Latin American e-commerce platform "Mercado Libre." Currently, the price is on a relevant level to pay attention to; it's a zone where we have a support level and the cloned trendline of the current correction. As this is a major zone, we can start thinking about the bullish or bearish resolution from...
After an anticipated holyday sale: The futures for S&P500 are signaling a recovery today after the Black Friday`s low volume. S&P Futures up 0.61% Do you think the trend will continue during the week?
This chart looks like a giant rising wedge pattern. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex, suggesting a reversal pattern frequently seen in bear markets. Looking forward to read your opinion about it.
PYPL is on my trading watchlist because, as a growth stock, it has been in a corrective situation for a reasonable amount of time, 284 days to be exact, from February 16, 2021. When we have this type of consolidation, it is easy to look at the past and ask a simple question. How many times did a similar situation like the current one has happened? As you can...
We took a short on MRNA in the high 300's or so and now Moderna is in the mid 200's. I'm looking for potential gaps to be filled on Moderna to the upside before any further move to the downside. Possiblity is still there for further downside, although this one may try to get a dead cat bounce in here. Targets : 280 340 226 LIS..
Seeing the Nvidia event directed my eyes to this stock. But, just playing technicals, i seen today that it has broken out of a falling wedge. Also the daily trend is another confirmation that there may be upside here, None the less they have earnings next week. i plan on playing this run up and selling half into ER. Anyone else eying this one?
Today we will take a look at Paypal ; let's start with the main technical elements we can see: First: The support and resistance levels. Currently, the price is against a major support zone working since the beginning of the year. From here, we have defined the next support level and the next resistance zone. Both will be working as primary targets, either for...
SPY has a target of 530$. I'm not all for guessing tops of markets or crashes as it is unethical to even try and time. I'm creating this post for my future self to look back and reflect on. LVLS look strong and this is what we're working with though with a clean breakout above 450's. Possible another 30+% coming for SPY in the next year before possible...
We still waiting for a new bullish impulse on AMZN. Today we will take a look at the AMZN chart and a pending setup we have. The key concepts of this chart are: - The price has been moving in a range for 300 days until we saw the new ATH - Our main concept was: How many times can we look at situations in the past that the price stayed more than 300 days...
Today we will take a look at ATVI: a) Since February 2021, the price has been on a correction or a bearish trend (depending on how you want to see it), dropping 30%. b) The price has bounced on a support level, where we can be open to the idea of a new short-term bullish movement. IF the following items happen as expected (70.00 / 72.00) c) Another...
After multiple days of trending downwards, the S&P500 reached a key support level at 4450usd that it needs to hold in order to continue the overall upside trend. If it breaks lower, the target is -7%, so 4138usd. I`m looking forward to read your opinions on it.
SPX500USD (SPX500)- Daily non log chart- Rising WedgeSPX500USD (SPX500)- Daily non log chart- Rising Wedge
SPX500 wedging itself into a rising wedge.
S&P500 testing Uptrend line.