Parabolic gains may soon change to pain for Microsoft investors. The rise and rise again of MSFT on this weekly chart has clearly been unsustainable for a while but sprinting on based on pure momentum. Once this momentum starts to fade, sanity will return. Sharp falls in MSFT may follow. The break of the trend line will give strong sell signal, but since it...
AMZN has formed all the stage of a bubble template on the weekly chart. We may be seeing a false breakout of 2,000 here and when we trade back under here we might start to see a lot of selling momentum resulting in a large fall in AMZN. From here we should look for initially a sharp sell off. Then a bull trap sort of rally. If we see these two things, we can ...
I do not really understand why Bitcoin trends so well, but after watching it do it for 10 years all I can say is, "It does!". After its last big expansion and correction (bubble and pop) we've made a first breakout level and now found support on the trend continuation retrace level. This may be the start of the next BTCUSD boom into all time highs, and beyond.
I think Buffet is a smart dude that was born at the correct time. Unfortunately, his investment ideals used by someone starts investing in more recent times is likely to results in large losses. This will probably also be reflected in Berkshire itself. The stock current trades at important resistance levels and has the formation of a butterfly top. This gives...
Dow Jones recently slightly breached an important resistance level and we currently trade in the area where it can become a false break or a real breakout. Upside momentum fading here would suggest we're likely to see some downside move. A very sharp break from here and a strong down trending move would give the possibility of this turning into a far larger fall...
Silver has been a bear of flat for 10 years, and seems to now be ready to make it's next run. After a 5 year consolidation at the lows we've seen the market breaking out and making it's first big move upwards. We've now had a retracement and price breaking up over the descending trend line. We may now be at the foot of a mighty rally in silver.
Google has formed a weekly butterfly pattern that is now getting to the extremes of where the pattern usually trades. If price continues to rally further, this pattern will have failed. At the current price it gives us our best selling opportunity on Google. Selling 1535. I'll keep stops above the high and wider stops a bit above 1600. First target is around...
After the price has broken through the first support level there are two bull moves setting up selling opportunities. Once price has broken back through the support level price falls a bit over 10% in the following weeks of trading. Support it then found and price turns rapidly from the second support level.
Once the first support is broken there is a strong bull move which sets up great selling opportunities. After the break price drops 60% over the next year. Once the second support level is hit, price goes sideways for a while and then begins to make a new uptrend.
Once the support is broken there is a rally and this sets up great selling opportunities. After the break price drops about 25% and then it starts to find support at the second support level. This is currently flagging silver as still being a good buying opportunity. The support has held and price has been slowly uptrending recently.
After breaking through the first support level there was a quick bullish move which set up selling opportunities and the market then downtrend about 25% over the next three years. Supports were found in at the second support level and this was where the move bottomed out. From then onward gold has been in a general uptrend (relative to the low price).
In the 2008 crash in AUDJPY once the first support level was broken there was a blisteringly strong sell off over the following weeks. Taking price down around 25% to where it finally found support and made a low price around the second support level.
After the first break of the support there is a rally, this would present the best selling opportunity. Price drops about 25% in the year following the break of the support. Makes its low on the next support levels. Has a second touch of the support level and then begins a new uptrend.
From the market breaking the first level it fell 20% in the following couple of weeks. Initially support was seen on the level and then it made a big spike out low. Buying on the first try would have gotten stopped out, but once price gets back over the support the second buy would have been a great entry into the new trend.
Once the first support was broken, there was a sharp move up and then a strong move downwards. Understanding the market was weak after this level being broken and selling into the bullish move would have given a great trade. The market dropped 20% over the following months. Support was then found on the next support levels, and the market made its low.
An example of fibs being useful for support/resistance in historic market crashes. Dow Jones 1930's. Shown in red and blue are the areas where a sell signal is generated when the support level is broken. To bottom when a buy signal is generated when the support holds at the bottom. Once it got through this level price did not make a new high until it's made...
After shorting TSLA in the low to mid 900’s I’d initially had a target around 400 (think it’d go a little lower). I still have a long term sell target in this area, but I will probably get to sell up high again after we see another run up into a new high with a top around $1,150. This move would be most likely to happen either in another parabolic move or with...
After the insane rallies and gaps up in TSLA there has been a big sell off in the stock starting with a 8% drop in 15 mins. TSLA has rallied, but if we see it reversing and trading under the lows there could be very bad times in TSLA in the near future.