Nathan_The_Finance_Hydra

Nathan_The_Finance_Hydra

• TSLA broke our key resistance at $182.50, which we mentioned yesterday, and this is very important, as indicates that the trend might persist (the link to my previous analysis is below this post, as usual); • Now, TSLA is in a clear bull trend, and there’s no top sign indicating a possible correction; • In fact, this Monday TSLA did a Dark Cloud Cover...

Nathan_The_Finance_Hydra

• TSLA is doing an important reaction, as it is trying to reject the Dark Cloud Cover candlestick pattern, our top sign from Monday; • This top sign wasn’t completely rejected yet, but even if TSLA resumes the drop, there are many support levels to hold the price; • The first support is the $154, then the gap area around $146. What’s more, there is the 21 ema,...

Nathan_The_Finance_Hydra

• The SPX successfully rejected the Below the Stomach candlestick pattern from yesterday, and it failed in breaking the support at 4,015; • This is a sign of strength, and makes a correction to the 21 ema less likely; • The trend is still bullish, as it is still doing higher highs/lows, above the 21 ema (D), and there’s no clear reversal sign on it yet; • Although...

Nathan_The_Finance_Hydra

• The SPX did a top sign, as it lost our 21 ema (1h) yesterday, and it did a quite powerful bearish candlestick pattern in the daily chart: A Below the Stomach pattern; • This reinforces our thesis that the index wants to correct, and the 21 ema in the daily chart becomes a technical target in this scenario; • The problem is that yesterday the index failed in...

Nathan_The_Finance_Hydra

• Yesterday, TSLA did a classic bearish candlestick pattern: a Dark Cloud Cover; • This is a top sign, and this could bring more correction ahead. The next technical support is at $154, while there’s an open gap at $146.41; • TSLA failed to hit the technical resistance at $182.50, and this is a sign of weakness, and reinforces the idea of a correction, at least...

Nathan_The_Finance_Hydra

• TSLA is still in a very strong bull trend, despite the correction this morning; • In the 1h chart, TSLA is still doing higher highs/lows, trading above the 21 ema; • As long as TSLA remains in a bull trend in the 1h chart, hardly it would trigger a sharper pullback in the daily chart; • The problem is that in the daily chart, TSLA failed in breaking the...

Nathan_The_Finance_Hydra

• The SPX is correcting today, back to its 21 ema in the 1h chart, as usual; • In the daily chart, there’s still some upside left, as we have yet to retest the 4,100 area, but the index is quite far from its 21 ema in this time frame; • If it loses the 21 ema in the 1h chart, or does a clear bearish structure, then it might correct to the 21 ema in the daily...

Nathan_The_Finance_Hydra

• The SPX did correct to the 21 ema, exactly as we expected in my previous analysis (link below this post, as usual); • Now it is going up again, trying to resume the bullish sentiment, but in order to confirm that, it must break the red line at 4,015; • If the SPX breaks this red line, it’ll trigger a pivot point, and in this scenario, the next resistance around...

Nathan_The_Finance_Hydra

• TSLA broke our resistance level, the purple trend line that connects the previous top levels in the daily chart, which we mentioned yesterday (the link to my previous public analysis is below this post, usual); • This means that the trend is reversing, and TSLA is about to seek the next resistances; • In the daily chart, we see the 50% retracement around the...

Nathan_The_Finance_Hydra

• It seems TSLA wants to correct from here. If it loses the dual-support made by the 21 ema + purple trend line in the 1h chart, we might expect a pullback to the 21 ema in the daily chart, at least; • The most important support level is the $123. Only if TSLA loses this key point it would resume the bear trend seen in the daily chart, and in this scenario, the...

Nathan_The_Finance_Hydra

• The SPX failed in breaking our target/resistance at 4k. This is a weakness sign, and it is trying to confirm a pullback today; • As I mentioned yesterday, in my previous public analysis (link below this post, as usual), a correction to the 21 ema in the daily chart is acceptable, but it must not drop too much below this point, otherwise, it might resume the...

Nathan_The_Finance_Hydra

• We nailed another target on the SPX, as it hit the target we set yesterday at 4,015 (link to my previous analysis is below this post, as usual); • Now, it seems the 4k area is working as a resistance; • If SPX breaks the 4,015, then it’ll resume the bullish sentiment, and seek the next resistance around 4,100; • There’s no top sign, or bearish structure on the...

Nathan_The_Finance_Hydra

• TSLA broke our first target at $140, which we mentioned last week (the link to my previous analysis is below this post, as usual); • Now, TSLA is above $140, trying to seek the next retracement, the 50% Fibonacci’s Retracement at $150; • So far, there’s no clear top sign, but TSLA will report earnings tomorrow, and the volatility is supposed to increase; • If...

Nathan_The_Finance_Hydra

• The SPX hit our target, at the 21 ema in the daily chart, and now it seems it is recovering (the link to my previous analysis is below this post, as usual); • In this scenario, the next resistance becomes the next target, which is the 4,015 (red line); • If SPX breaks this resistance, it’ll trigger a bullish pivot point, a powerful bullish reversal sign; • The...

Nathan_The_Finance_Hydra

• TSLA is bouncing, trying to seek its next technical resistance levels. However, the bias is still bearish; • Since TSLA failed in breaking the support at $123, as we mentioned in our previous analysis, it couldn’t resume the bear trend, and this bear market rally will persist (the link to my previous analysis is below this post, as usual); • TSLA could reverse...

Nathan_The_Finance_Hydra

• The SPX reversed the short-term bull trend, as it lost our 21 ema in the 1h chart, failing in breaking the previous top (it did a Double Top chart pattern around the 4k); • In addition, it lost the support we mentioned yesterday, at 3,950, indicating a sharp correction – maybe even an overreaction; • Either way, the 3,950 is a new resistance on SPX, according to...

Nathan_The_Finance_Hydra

• TSLA crashed yesterday, and it seems it wants to resume the bear trend, making the previous rally a bull trap; • Today, TSLA is trying to lose the 21 ema in the 1h chart (pre market), and if that’s the case, we can expect more drop ahead; • What’s more, if it loses the 21 ema in the 1h chart, it’ll lose yesterday’s low at the same time, triggering a Dark Cloud...

Nathan_The_Finance_Hydra

• The SPX is in a short-term bull trend, as seen in the 1h chart, and only if it loses the 21 ema we would see a correction ahead; • In theory, it wants to hit the next resistance level, at 4,053, and as long as it stays above the 21 ema, this is the most likely scenario; • This reinforces our previous reading on this, as mentioned in our previous study from...