MuggaMatrix

MuggaMatrix

Price has already Rejected 538.78 on Friday. Price has a previous higher low on the 1hr at 535 However I believe we will respect 530 as it A stronger level on the Weekly time Frame. Price should Reject 530 and continue to trend upwards. And Buy past 540, make at 539 and continue to trend upwards for a new 52 week high.

MuggaMatrix

Forming a double top creating resistance at 2,880-8 , we are currently hovering at Hourly resistance of 2,860. 4 hour resistance level is at 2,834 which we can expect to see once price breaks below and retest 2,860 . Following being a support level in September 2,728 became resistance for November and December.We double bottomed at 2,600 in December , retested...

MuggaMatrix

Tesla is selling off rapidly . Based upon the previous chart data, I see 256 in the next 2-3weeks , seeing that we broke broke above the downwards trend channel in September to touch 256-265 , came down in October and grabbed 211 then proceeded to continue to trend upwards outside of the channel. How ever Major Support on the monthly time frame shows 168 as a the...

MuggaMatrix

We recently formed a double bottom at 510 and a double top at 531 , we’re definitely going to complete the sell to 510 however Watch for a break and retest below 510 and we’ll be able to head to 500 to complete the previous move upwards to 531 that originally started January 13th.

MuggaMatrix

I see a somewhat double rejection at 500-501 on the Daily. Right now, we are hovering around the Upside of this trend Channel & resistance level 516. I’m looking for a buy up to 519 then a reversal To 516 for double bottom to Break out of the trend we’ve been in. If we fail to a double bottom at 516 And Sell through 516 we remain in a Weekly down trend for . 519...

MuggaMatrix

Downwards trend Channel which Upwards Started at 497 Support. While we remain inside the trend channel, look for a break above 519 level and retest for a buy up to 526 and Take Profit. Watch for reversal at 526 , break and retest 526 to consider more trending upward movement. Reversal at 526 we Sell Down to 497 For the Rest of the week .

MuggaMatrix

A 52 week high was made on Monday, December 16 at $539 on QQQ . The fed Powell released the news he’s cutting rates by a quarter of a percent which caused the market to plummet ,Banks also manipulating the market to get into these buying opportunities. We are currently failing to break above 520 , also struggling to fully break below 515 . We will continue to sell...