The 100 EMA is crossing over to the topside of the 200 EMA. Once this crossing is completed DXY will spring upwards. I notice when the larger EMA cross on the daily timeframe it tend to create a halting/slight pullback motion then snapping forward once crossover is completed. DXY experienced a red day due to EMA crossover...the market experienced a green day as...
Despite the powerful DXY runup over last 8 weeks the moving averages for Tesla have been consistently moving upwards. The 9 EMA has just completed the crossover of the 20 EMA on the monthly time-frame ...going forward i anticipate an accelerated upwards momentum as the 2 smaller EMA's untangle. If DXY weakens in the slightest, Tesla will propel pass $300 easily....
I have been having great success trading triangle patterns with Tesla.. .just be patient and wait for break topside or bottom...after breakout... a pullback to retest triangle resistance....then 🚀 in true direction. The orange vertical dotted lines represents trading sessions....so approximately 3 days....and the tighter inside the nose of triangle...the more...
Tesla is forming a Head and Shoulders pattern on the monthly time-frame. If Tesla cannot defend the current level there is great risk Tesla can sink lower for next 5 to 7 years
DXY seems consistent with pushing upwards...slight retrace...then more upwards. i do not see this trend changing at this point... the support under DXY footing is very strong 💪 DXY 3hr and 4hr reveal a technical setup of super strength. Both...the stock market and XAUUSD might have a fat bear visitor coming to sample their porridge soon.
Big money seems to have placed a lot of money on the $225 PUT options...META is a powerhouse so play with caution against this upward trend. I personally would only take a small position below $316 to play the Gap fill down to $301.....At $300 area once base is formed load some $355 CALLS long hold positions
Abor Realty Trust ( REIT)...I anticipated a good earnings report as mortgage rates are up significantly and all things real estate are currently booming. 💵 *RKT(ER on 8/3) *UWMC(ER on 8/9) *RDFN (ER on 8/3) *CMTG (ER on 8/1) and ABR have not only outpaced the overall market but some are also up as much as double digits percentages in last 30 days. ABR's great...
BABA seems to be moving accordingly to my due diligence a couple weeks back...institutional and retail money appears to be stockpiling at strike $105 ...I anticipate a pullback around $101.5...if this happens then these $105 strike contracts everyone loving could go on sale for me and you.
ROCKET is displaying a technical setup of STRENGTH right now...mainly the shorter 100 Ema crossing over the longer 200 EMA Daily Timeframe...😍 golden crossovers 🚀 . Good earnings and we pop over resistance... this could be a really nice upwards play to minimum of $17 after resistance of $11.41 (100 EMA weekly timeframe) If this 3rd attempt to break resistance...
A sweet technical setup of strength. Attacking that resistance for the third time but from a stronger position. The 100 EMA is crossing over the 200 EMA, 10 CALLS $11 strike ...8/4 EXPY paid .27 cents currently .35 cents,,,if good earnings may convert to shares for long hold.
The 50 EMA is crossing over the 200 EMA creating a beautiful Golden Cross. A great BUY signal...the downside is this crossover oftentimes creates impulsive candlesticks...i view this as two exposed electrical lines coming in contact and spewing sparks...so long as the position of the 50 EMA on your Daily chart is creeping higher than the 200 EMA...do not fret the...
NIO appears to have found a bottom and now moving upwards on both weekly and monthly timeframes. The 20 EMA is on path to crossover the 50 EMA this signals strength to me. Once Pass the weekly resistance $10.55 the next resistance will be the 200 EMA $11.32 (TP 1) $12.10 ( TP 2)
The 50 EMA is crossing over the 200 EMA this week...I notice a lot of impulsive sporadic candle movements during this set-up...Dont let this shake your position!! GL.
Check out my #HOOD analysis on @TradingView: Still following technical setup and has actually created a 3rd and strongest channel thus far. i anticipate earnings CALLS and long positions to flood in this week.. I averaged some more jan19 2024 $20/$23 whiles prices where discounted this week.
Last weeks Due Diligence played out beautifully.. take LONG position at $460 with Take Profit at $480...we are approaching previous triangle resistance i anticipate a upwards bounce...would be 😎 to repeat this past weeks play...Below $433 short and take profit at $407 ..good luck this week.
Since breaking clear of Triangle resistance on June 14th this asset has been an absolute pleasure to chart. It has formed 2 upward channels of strength and recently formed the 3rd and strongest upwards channel on July 11th I expect some pullback prompting profit taking too early but earnings typically creates a runup about a week prior. Next earnings Aug 2nd....
NVIDIA ...After clean break above triangle resistance 2hr TF I was anticipating higher...especially being DXY is weakening...But too many are taking Profit here.. Awaiting further directional indication and monitoring areas with alarms *Above $460 = $480 *Below $433 = $407 Laying in the tall grass waiting 😎
BABA Several technical patterns across various time frames suggest a strong uptrend is prominent. A clean break above a triangle pattern ...a healthy pullback...and then immediate run up 🚀 DXY is weaking which can help the upwards trajectory but i see slow and steady progression. Patience will be rewarded 💵