Betting against the market has increased significantly! In the past 2-4 weeks the volume of the 4 inverse ETFs has increased significantly (+2x)! This means lower prices are more likely! What could happen in the next 3 weeks if prices pass the Red lines? Market Reversals and the Sushi Roll Technique: In his book "The Logical Trader," Mark Fisher discusses...
I published the same chart on November 28, 2021: Title: What would happen if ETH slips below 4K? I believe lower prices are more likely! reviewing My post on Nov 30 could also be interesting for you! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these...
I think this double arc pattern makes the lower prices more likely! However, this needs to be confirmed by price closes below 4000 level! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial...
The DJIA is the second oldest U.S. market index; the first was the Dow Jones Transportation Average (DJTA).1 The DJIA was designed to serve as a proxy for the health of the broader U.S. economy. Often referred to simply as "the Dow," the DJIA is one of the most-watched stock market indexes in the world. While the Dow includes a range of companies, all can be...
In these charts, you see weekly candlestick patterns are Identical for the 7 biggest tech companies: AAPL, MSFT, GOOG, AMZN, TSLA, FB, and NVDA have made a bearish candlestick pattern last week. MSFT, GOOG, AMZN, and TSLA made Bearish engulfing pattern or Brarish outside bar! after a bullish rally in the past 6-8 weeks! S&P 500 and NASDAQ 100 also made the same...
bitcoin Got rejected from 50EMA in the past 3 tries! It seems BTC may move toward 52500 soon! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant,...
Graph 2 is the Clone of Graph 1! I think there is a good chance that all the gains in the past 4 days wah away soon! What would you do if you know Ethereum has never closed higher for more than 5 days in a row, in the past 100 days! ETH has closed higher 4 days in a row, Tomorrow could be positive, but the day after that I doubt..! You can see the most...
In the Cryptocurrency market, Volatility is high..! The true range is the largest of the: Most recent period's high minus the most recent period's low. The absolute value of the most recent period's high minus the previous close. The absolute value of the most recent period's low minus the previous close. The smallest true range in the past trading year was 4.01%,...
You can short Tesla anytime it reaches 1165-1180 level with low risk in the next 6 weeks..! Closing above this level make this analysis obsolete! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The...
Please review the post on November 22, 2021: Title: The overwhelming pressure of Sellers! (This post was not public) these charts have common features: 1-They are all Giant Tech companies! (except RBLX ) 2- They have above-average price volume! 3- They had a bullish rally recently! 4- They start the day well but closed at the lowest daily trading price! 5-...
Please review the analysis published on November 4th, 2021: Title: Negative days ahead for banks! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an...
It seems Banks have run out of steam and in the near future, they will make a correction or go sideways! BAC: Fails to close above 48.50 WFC: Got rejected from resistance level and may retest 46 in the coming days C: struggling at the support line MS: pure consolidation between 96-106 JPM: 2-3% correction is expected! GS: could retest 370 level once again! You...
This pattern is just a simulation..! Things could happen very differently in a chaotic system! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an...
In the past few weeks, BABA keep going lower and lower and lost 65% of its value in the last 58 weeks! Any sign of recovery? I'm not able to see any ..! These green lines are a possible support zone! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m...
Microsoft is one of the most stable bullish trends, but it seems sellers overwhelming sell..! there could be a possible rebound(50-65% chance) and then another leg down! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial...
Looking at the three major benchmarks, It seems NDX and SPX going hand in hand! and they could follow Dow and correct more in the next 2-3 weeks! Education: What Is a Three Outside Up/Down? The three outside up and three outside down are three-candle reversal patterns that appear on candlestick charts. The pattern requires three candles to form in a specific...
Before this trading week, I published my target price analysis for AAPL, MSFT, GOOG, AMZN, TSLA, FB, NVDA, AMD, LCID, and the major indexes! I was bearish on all of them..! While my apple analysis failed, others became right! and the statistics show 1 in 12, which is 91.5% correctness! I know people tend to lean toward those...
I think it is highly likely that S&P500 and NASDAQ are going to follow DOW and experience further declines! When looking at the bigger pictures you see the selling pressure increase every day and prices crossing below major supports easily..! I remember when I was reading Japanese Candlestick Charting Techniques(Steve Nison) 13 years ago, one of the signs that a ...