motleifaul

motleifaul

I had expected the 5 times tested botom to hold. However the dayly momentum is still a bit to high. Well, the month has not yet ended and it is not clear yet whether the bottom will be confirmed another time. Perhaps I was a little bit to fast. Let's see.

motleifaul

Within an short term overbought market it becomes clearer that there will be a downward correction. The short candle body of the past 4 hours could not stop the dwindling corrective bias. The new 4h-periode has opened lower.

motleifaul Updated 

We must go back until 2010 to see the present bottom again. After an almost 9 moth fall it is time for a bottom building. This bottom is being built for over 1 month now and it is time to bet on an upward correction.

motleifaul Updated 

It is not a Shooting Star and not a Hanging Man. And I am to lazy to look into my Nison bible what the name of such a candle on top of a Flagstaff is. At least it is not a bullish signal. When we will hold this price level until Thursday -and I expect it to do so- then a downward correction is likely. I will have a look at the Fibonacci levels to get an idea of...

motleifaul

Yesterday's star is confirming today. It is a clear reversalpattern for me.

motleifaul Updated 

I'bve just sold some Xiaomis. Not that I would no be convinced of the company. I think that they have a great future. But for over 2 months we saw a parabolic rise that has not been completely corrected yet. I think that the market has to be cleared before new rises and that there is still room for some drop.

motleifaul Updated 

I will check, whether it is a Harami building today. Probably it is not a Harami as the lower lunt ist to long. Nevrtheless it is not a confirming candle but a reversal one. I am selling some NIO stocks now. The rise seems to have been to fast and the downward correction may still continue a bit longer.

motleifaul Updated 

The month has not finished yet by far. So the building Morning Star my not become a ready one. But in the dayly chart it looks like if we will not succeed to close the window 43.35. In this case the correction may develope into a retest of the low in 2018. But we have no clear picture yet. Thus the short position has to be small enough and earlier action may be...

motleifaul

It is not a strong Reversal Pattern that may be built this week. Anyway it does not look like a continuation of the rise. The momentum is declining at least. A short position may be not harmful after this uncorrected parabolic rise since August.

motleifaul

After the impressive rise we are seeing a declining momentum now. It may be seen as a sign of an ongoing downward correction.

motleifaul Updated 

Mid week is over and the first half of the week has not been convincing for Palantir. I don't expect a change of the mood for the remaining 2 trading days so that I assume that the weekly picture will rather remain gloomy. At moment the weekly candle looks like an emerging star. Thus next week may become corrective. I expect the momentum to decline tomorrow or on Friday.

motleifaul Updated 

This was the second attempt to close the window open since 3rd January. It has failed again so far. If we can hold above the December high we may see a good upward retracement.

motleifaul Updated 

It is the 5th day that we could not build a new high. After a month long rise for over 75 % a correction is due.

motleifaul Updated 

On August 15th the euro had begun the second stage of its recent rise. This rise has been corrected by almost 2/3. Even the whole August rise has been corrected by almost 1/3. May be the correction of the whole rise will fulfill the 1/3 but then I don't expect much more. The reason is the high of August 14th that will be a serious support. It has almost been...

motleifaul Updated 

We have reached a falling trend line now. The level is also the top since June. As we opened lower today and the momentum is declining this may mean that the range which we entered in March may not be exceeded.

motleifaul Updated 

The rise from about 151 has been retraced by 78 %. And as the rise to 230 has been corrected at the end of July as well a continuation of the uptrend may be realistic.

motleifaul Updated 

It is the 3rd consecutive time that we didn't reach a new top. This may indicate a desire of the market to correct, i.e. to take out some risk or to have a snooze at least. Thus I assume that there is no big risk on the upside.

motleifaul Updated 

The window on Monday would be a bullish signal. But I will trade the downward correction anyway. We are at the all time high close reached in January 2021, This makes me feel that the rise after the window was somewhat exhausting. The to large spike in August is supporting this idea. Let's look if the Monday window may be closed now.