Look out for the 100 sma and the 23.6% fib @ 45.64 for the next leg down. Gap is not closed all the way. We are edging below the support at 46.0. Next support is at 43. Could potential reverse at 43. This would complete the H&S on the daily.
We are Apple short. We broke out of the bullish channel into the bearish zone now. The grey lines are relative levels that match well with the fibonacci levels. We will probably come down to the 200 sma. RSI and MACD levels signaling downwards. There is a daily gap level to be filled. The bottom of that gap is a golden horizontal line that signifies the top of the...
We breached over the 0.618 fib today and will go over it tomorrow. The regression channel and trendline is pointing to the 0.786 fibonacci line. Remember the correction is higher and everything regresses to the mean! 220 price target and above essentially to LOCK IN GAINS! RSI and MACD showing more room to push to the upside as well! Bullish.
200dma = red 100dma = yellow 50dma = green 20ema = turquoise 9ema = dark blue timeframe = 4hrs significant price action at moving averages long term support 42.46 long term resistance 48.21 42 range next coming week(s) Happy trading!
short term bullish /SI1!
H&S within a H&S. The design is based off symmetry. The purple channel is a potential upper resistance on the way down. The Golden Dashed Line is where the lower bounds of the Right Shoulder could potentially be based off reflection. Happy Trading!
The historical volatility is at all time highs, which makes sense with all the selling in the beginning of the year and now the recent upgrades and Model 3 being released to drive on March 31st. Article provided in this link , titled "Elon Musk previously said we'd only see part of the car at this month's unveiling. Apparently that's changed." Now, we are ramping...
The big blue arrow is pointing at a key price level which happens to intersect with the intra-bearish turquoise dashed line and the intra-bullish green dashed line. The intra-bearish turquoise dashed line is the longer-term trend over the shorter-term bullish trend as shown by the green dashed line. There is a horizontal ray at this key Fibonacci level (where the...
We are currently trading in the pink zone, where there is heavy price-volume action. Our next leg up is the 1-day prediction. 203.75 is where prior support has resided for about a year. The regression line meets with this prior support. We will be reaching the upper bound of the Bollinger Bands. The price tomorrow will be considered an inflection point of where we...
The impulse is at the bottom of oil. We are currently in wave 4. If you look at the daily inverse hammer in wave 1 you can see we had a very bullish move after that. We had a consolidation Friday February the 26th. Expect a long move up in the 5th wave. (The fourth wave holds the characteristics of being a fourth wave - it retraced less than 38.2% of wave...
Hey all hope you are having a good evening. We see a upside from here in oil, definitely in the short term. We have a beautiful bull flag forming on the daily. We have surpassed the support in the Volume-Price action in the 30.23-32.23 area. The bull flag is resting on the bearish trendline. If we don't breakout tomorrow we will continue in that bull-flag channel....