ruben_rodrigues

ruben_rodrigues

I heard Ray Dalio shorted. I heard Putin has Europe by the b****. I heard there's a recession coming. But do you know what? I don't care about any of these, nor do I care about any rumors, tips, subscription services or whatsoever in order to make my trading decisions. The charts are my one and only telescope. Further, I do not use this telescope to make any...

ruben_rodrigues

Key intakes: 1. Gargantuan bearish down thrust back in March 2020, giving away the bears' whereabouts. 2. Price retraced to the range where the bears are stationed, with weak momentum. 3. Trigger candle confirming the set (so far), in June 2022. Powerful break below the previous structure. 4. Price retested previous support/new resistance + EMAs, which held...

ruben_rodrigues

Key intakes on NVIDIA: 1. Market in a downtrend since the beginning of 2022 2. Downtrend losing momentum as of the last 2 mos 3. Price trading against a key congestion zone, as shown by the volume profile analysis, where the bulls should be springing from; 4. Would expect a stronger reaction from the bulls. Last month's candle did not engulf the preceding...

ruben_rodrigues

No. haha. Plain and simple Plain and simple haha. Twitter's price behavior is a prime example of why I trust so dearly in the charts, regardless of the noise around the stock, the fundamentals, the macroeconomic context. I don 't know if the price is respecting the trendlines so neatly because of a market manipulation campaign (as defined by Wyckhoff), because...

ruben_rodrigues

Key intakes on this market: - In a confirmed uptrend since beg 2022. - In a longer term downtrend since 2011, as portrayed by the downward sloping, neat trendline. - Bullish momentum at 10 year highs. - Price currently providing another touch to this trendline and threfore in an inflection zone, in a value area. The price breaks out (and closes) = probable...

ruben_rodrigues

Just pulled the 12M time frame chart on the USD / EUR Intereteresting no? Does this chart pattern and clean breakout ring any bell? I'm sure it does but in case you don't have it in the tip of your mouth, allow me to help you out. This is a textbook descending triangle and the last candle you are witnessing, being formed this year, so far means a trendline...

ruben_rodrigues

Key intakes on this market: - Downtrending with a neat series of lower highs & lower lows since mid 2021. - Under normal circumstances this would give us a short bias. Howevers the price happens to be trading at/near a long term key demand area (run a volume profile of this market you will see that this is the most congested area). - Momentum trending...

ruben_rodrigues

GME was, is and will forever be a major cornerstone of my development as a trader. Perhaps even the most important. Let me tell you why. Technical analysis is nowadays a widespread subject. Good material teaching is nowadays readily available. Books are abundant. Naturally, unless you're making a conscious effort to avoid learning this very effective tool, the...

ruben_rodrigues

Another trendy asset. Of course I had to take a look at through the lens of my favorite timeframes (W-M-3M) I did not find a satisfactory swing trade in these time frames from a risk to reward perspective. I did find though a lot of classical technical analysis nuggets worth noting for savvy technical analysis learners out there. They are pretty much...

ruben_rodrigues

Trying to keep this as imple as possible and adding perspective. Bullish: - Scarce or none bearish presence from the 0.5-1 level - Gargantouan rally springing from that level with convergent volume Bearish: - The depth of the downtrends denotes that although the bears are shy but strong when stepping in from the 9-11$ price range. Any prominet set up...

ruben_rodrigues

Just here to offer a higher time frame perspective, which is often overlooked, for this trendy stock. Just note as, despite the strong rally it has been subject to month to date, it is and has been on a steady downtrend since the beginning 2021. The downward sloping trendline has been thoroughly respected, just like it is working as resistance to the current...

ruben_rodrigues

A lot of noise around this stock. Pump & Dump? Not attractive to me until price has broken out and closed at all time highs. Volume is very heavy for the past weeks. Especially considered against previous volume. This is a very bullish hint. However, a friendly reminder that the chart you are seeing here is of the Monthly time frame (my predilection). There ...

ruben_rodrigues

Conversely, picking up where I left it for the bullish scenario ... in case the price closes this month below the well established threshold resistance zone, that would entail: 1. the formation of a shooting star candle 2. at the top of an uptrending 3. overbought asset ... and that would also entail the formation of a badass bearish set up, known for...

ruben_rodrigues

Beautiful how currency pairs really validate technical analysis. Did you also notice this long term breakout into levels we've only seen back in 2003? The price is definitely trading in a value, decisive zone. RSI is overbought in both M/W/D timeframes .... relevant for the bearish thesis. Ultimately, this July candle will be essential to understand whether...

ruben_rodrigues Updated 

Bias, right now is definitely to look for short opportunities. However, were we to envisage a bullish scenario for Tesla, the I woudl definitely need a breakout from those 2 EMAs and also for the 10 EMA (w) to step over the 50 EMA (w).

ruben_rodrigues

Bias definitely bersih with Tesla. The price is all over the place, very discontroled, very erratic. Typical of a distribution phase. Stock just came out of a long term uptrend where it ended overextending and displaying a bearish divergence on the RSI calling the top of the trend. Most decisive bearish signal here is the death cross completed at the end of...

ruben_rodrigues

This badass triggers many people's curiosity today. 226 000 M contracts traded in a day! Waw! I know! It's a penny stock. Still... I had to check what was going on of course. Found something very nice. A beautiful RSI bullish divergence. RSI uptrending whereas price is downtrending. This usually does a great job at foreshadowing a reversal. However ... on...

ruben_rodrigues

What's ostensible here, re its price action? - Supply and demand areas. Several touches and both bullish and bearish rejections within the outlined ranges. - Despite yesterday's rally, this stock is still in a a strong downtrend, at least on my beloved M timeframe. - Downtrend go steeper and steeper as of the last trendline touch, back in end NOV 2019. - Is that...