Its a little messy because of all the movement but I still believe this is a double top. TSM is unable to break the HKEX:99 zone and my theory is that it will test its old support at the HKEX:82 range.
This years channel has been tested several times, I’ve done my best to work with it. Today it leaked out but only to close back inside and bounce off. Say what you want but that is exactly what support does, that support line is very real. I can only imagine it continues to rally after today as it did the exact same thing in October, It was messy but continued...
Had this support drawn up aligning with Fibonacci. I have a strong believe we will get a bounce after today. How much idk.
I still like my channel. I see QQQ testing 404.75 (RED horizontal line) first. If not we definitely still have room for retracement in the near term. My personal trade is a broken wing butterfly LONG Yellow box is my target zone. Short red horizontal line is the sweet spot. Jan 14th EXP.
Ive been using this chart for my spreads for the last month. My current trade is a JAN 7th exp. GREEN SQAURE 402-375 is my profit zone This is a one year channel that has been tested but not broken. I believe this triangle will continue for a bit longer Good luck, hope this helps
TSLA was unable top make any gain even with QQQ at all time highs. QQQ- BLUE LINE TSLA-ORANGE LINE Although TSLA was unable to follow the nasdaq to new highs, my believe is that TSLA will continue to follow QQQs on its downtrend when it falls from its all time highs. $540.00 soon...
I’m using MACD 15,30. When RUN has managed to be this low -2.85 MACD it has been able to make some significant gains. It has dropped as low as -5.06 what makes this a great opportunity i believe. RED ARROWS- March 23rd-April 29th ~ $8.25 - $15.25 ~55% gain ORANGE ARROWS- Nov. 2nd - Nov. 27th ~ $50.00 - $70.00 ~40% gain GREEN ARROWS Feb. 4th - Feb....
After anaylizing my chart a little more. When MACD hits this mark since MARCH of 2020 AAPL will take a profound gain NOTE: AAPL has been moving with QQQ WHITE ARROW 19 trading days 3.20.20- 4.15.20 ~25% RED ARROW 15 trading days 9.21.20- 10.12.20 ~20% BLUE ARROW N/A We have our MACD cross* I’m using 15,30 day This Chart is also showing my Butterfly...
AAPL is not moving with the DOW very well as of this month. I think if AAPL can. Break that 122.00 and hold it we should be looking for that 126-130 range. Red dashed lines - resistance Blue dashed lines - support Purple solid lines - channel Purple square - profit Gold arrow/line - maximum profit
Inverted Hammer on QQQ that’s very similar to TSLA. I like the hammer candle but can only imagine a wedge will form before the breakout.
These fib lines have been spot on so far. Do we have enough to make it to the 565,570 support, lets find out.
Just my idea. If you have any educational information i would be extremely grateful
Just my idea and what i see. Would love some feed back on “cup and handle” patterns. Basic principle etc.