aparkon

aparkon Updated 

Hello traders, It appears that NVDA has reached its peak according to harmonic pattern analysis. The daily chart illustrates a beautiful butterfly pattern that could possibly signal a reversal from the $150 area. If it declines from here, we might see $90 in the first quarter of next year. Good luck, and may trends be with you.

aparkon Updated 

Hello traders, GME is signaling strong upward potential on the chart. It just broke out of a long-term wedge and is showing a similar pattern to the one seen before its major rally in May. Will history repeat itself? Good luck everyone, may trend be with you.

aparkon

Hi traders, I noticed a falling wedge pattern on the LCID chart today. Wait for the stock to reach the $3.20 area and monitor its movement. There is strong support at the $3.30-$3.20 level, so I expect it will bounce back. If not, we can sell if it falls below $3.10. This setup provides a good risk-reward ratio.

aparkon Updated 

Hello trader, LCID presents a favorable technical setup for initiating a long position in the stock, as it is displaying a triple bottom/consolidation pattern following a significant increase in February. Additionally, the stop loss (SL) is positioned just below the demand zone. Expecting a parabolic pattern from here.

aparkon Updated 

Hi traders, It appears that SMCI presents a favorable opportunity for shorts over the course of multiple days. reasons 1. $92-$95 is a huge selling area. 2. The presence of a Gravestone Doji candle in today's market suggests a potential short-selling opportunity. This pattern often indicates that the sellers have taken control of the trend during the...

aparkon Updated 

Reason to buy : 1. Accumulation in the $5 - $6 area, it's been accumulating from $3. 2. Retracement stopped at the .38 level, which is still uptrend. 3. 200 SMA acted as a resistance on 01/27, but people accumulated more @ $5.40 - 5.50 area Reason to sell : 1. SL $5.30, it's a reasonable and tight stop but RR is good with this setup. *NOTE* **I see a...

aparkon Updated 

S&P retested RSL for three consecutive days only to confirm there are many sellers in that area. Sell volume is increasing, creating daily doji candle, there is a good possibility that S&P will retrace back to 377 area. Technical reasonings: 1. RSL trendline retested, seller defended that area. 2. Red Doji candle on 02/10 after an uptrend, is a bearish...

aparkon Updated 

Now AMC is a good long option... GL guys. May trend be with you. Target : $25

aparkon Updated 

Hi all, NLKA is continuously making higher lows for a few weeks signalling possible institutional accumulation here. Attempt to spike over DTL1 failed on Jan 27, but buyers successfully accumulated at 50% fib level ( $23 area). There is a high potential that this stock will go above DTL 1 and retest it, and go above. This stock currently presents very...

aparkon Updated 

Hi all, The market is driven by FOMO, a lot of retail money is being injected to several hyped stocks, AMC is one of them. AMC is totally going against the market sentiment (S&P) and will be back to where it was. There are few technical reasonings why AMC is good short or option play for today-tomorrow.. 1. Price is going up while volume is decreasing, which...

aparkon Updated 

Hi all, Poor baby is abandoned yesterday. Strong bullish signal...we have to watch two more things for the bullish confirmation. 1. NIO has to successfully defend SL1 when it re-test. If not, it will most likely go sideways or re-test SL2 / 50 SMA. 2. NIO consolidates between $43-$44 area creating Doji candle, we will see green candle day after. The...

aparkon

Hi all, We are at the end of the bull market, expansion cycle, whatever you name it, we are at near end. I know a lot of people on the Tradingview are awaiting the moment to short the market, and this may be it. People in the future may call this year's Christmas as red Christmas ...like Black Monday at 87. I really hope this zombie economy/market gets...

aparkon

Hi All, TSLA is currently forming a triangle wedge pattern. It's best to wait until the wedge breaks, but if you are impatient, I would short TSLA. TSLA has formed H/S pattern, with QQQ forming a triple top, I see there's more possibility the stock will retrace back to $320 level.

aparkon

Hi All, Tomorrow will be a very interesting market. We got strong hammer candle on VIX/full bearish red candle on the SPY. The interpretation of the two candlesticks is simple. A lot of buying activity is happened on UVXY price around 12, thanks to @jgm0706 who called $12 as a bottom months ago. On the other side, SPY, we have a full red candle...

aparkon

Hi all, Hope you all playing well in this volatile, abnormal, and preposterous market. UVIX and SPY are currently at possible reversal. UVIX: currently at demand area. 14.40 - 14.60 area is strong demand zone, we may see a reversal from here as SPY is also at a possible reversal area. Make sure to place SL below $14.30, we may see $12 if this area...

aparkon

Technical reasoning Elliot completed the cycle, from 0-5 and A-B-C. It Failed to move higher than 5, last high of the complete Elliot cycle. RS1 acted as the trendline, (5) was a false breakout. Fundamental risks Housing risk - In March 2021, government-mandated forbearance periods for millions of mortgages will end. No further assistance is proposed as of...

aparkon Updated 

Hi all, SPY has reached the upper downtrend band and most likely reverse its trend from here. UVXY has been holding green buy area strong even if SPY was rocketing recently. I believe long-waited UVXY will pop pretty soon, TP area is shown in the chart. Good luck all!

aparkon

Hi all, Possible cup and handle bullish pattern. Wait until UBER breaks RS1, and RS 1 becomes support.