aparkon

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...

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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.

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Hi all, Silver reached TP area yesterday and just broke uptrend line. Short-term trend reversal is expected. It will retest RS1 few times, exected to retrace to take profit area in the chart.

aparkon Updated 

Hi all, Silver finally found the bottom at 21 areas. Will see a short-term reversal from here. Wait for the pullback, enter around 22.30 area, Conservative and aggressive TPs are shown. Good luck!

aparkon Updated 

Possible bullish confirmation is seen, TP @ .5 fib level

aparkon Updated 

Today I've noticed two bullish confirmation which gives a high probability of trend reversal. 1. Hammer candle - This shows buyers start to take control over shorts, confirms 19 areas successfully acted as support. 2. Green volume picked up - buyers are increasing, another confirmation that many traders believe 19 is bottom. We may see a reversal...

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VIX is forward-looking data that tracks the premium of S&P 500 index options which expires in the European way. It does not necessarily move the opposite direction of the S&P, but it historically mirrored the movement of the S&P. Looking at SPY, in the 1-hr chart, it's trending down, lower highs and lower lows. 50-SMA acted as resistance at the last lower...

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TSLA enjoyed run fueled by Robbinhooders and Vision fund, but the glory days will be doomed. I believe the gap between fundamental and the price will be reduced this time, by around 50% decline at the current price level. If RS 1 acts as resistance on Tuesday market open, we may be able to take it as a confirmation to the downside. Possible price target...

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Possible GBP long, Demand zone is acting as support (not confirmed yet). we may see short term reversal If Cable hold this area.

aparkon Updated 

Possible SPCE long set up.

aparkon Updated 

The candle sits on 8/21/50 SMA, typical bullish pattern.

aparkon Updated 

Hi all, UVXY formed three white soldier candle pattern today. This is a bullish candle pattern, which demonstrates there's a high probability of continuous uptrend. We may or may not see a double top depends on S&P's volatility, which I think very possible.

aparkon Updated 

New all-time high means time to consider shorting the market especially there is so much gap between fundamental and equity. Usually, this is the time when institutions and big banks take their profit and dump all the leftovers to retail. VIX will be a good hedge to an unexpected fall in the market. UVIX recently got out of the falling wedge, which can be a...

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Hi traders, Possible 100% technical Gold long opportunity is seen, Entry reason: Right shoulder is acting as support TP: the technical point where RS1 crosses DT 1 GL !

aparkon Updated 

Short-term profit target : Demand zone

aparkon Updated 

Expected XAU to retrace back to 1910 level and retest, The short-term resistance was established based on the below reasoning. **50 Moving average acted as resistance in 4 hr chart ** 61% of fib level reached from previous high Short-term profit target : Target : 61% fib level from supply zone