xode

xode

Indicators suggest overbought combined with other technical analysis and timeframes.

xode

Market tried to go up and rejected, there is selling pressure. The Bulls are going to try and hold 398, a psychological level. If price falls below 398, I anticipate the downtrend to continue.

xode

I feel it's ready for a bullish run after consolidating in an accumulation phase. Indicators suggest it's oversold and ready to come back up. The broader general market looks like its trying to come back up and NVDA I consider to be a leader. VIX is on its way down indicating some bullish sentiment. I'm getting in here on low volume while the trade is less...

xode

As we all know NVDA recently had a nice earnings report. In analyzing the Daily relative strength, it's outperforming the marking and holding up nice during the market correction. Today the market looks like it has good potential to end green and is coming out of a correction period... at least for a small one "imo". During these times are when leaders tend to...

xode

Daily triple top pattern. Looks like it's ready for the next leg down. There is some support around 310.65'ish. Ideally I would like to see price break through this level as well as trendline support.

xode

The rally looks weak with a clear sign of market manipulation. The rally was not an authentic move. Compare it to the closing candle of the day before and it confirms even more signs of manipulation. There is selling pressure with large upper wicks and the major trend is down. This seems like a good entry. To be objective, my only concern about this entry is...

xode

Volume is not where I like it and the market is kind of slow right now, but aside from that the moving averages are starting to line up. There's a cup and handle pattern combined with a possible trendline break and NFLX appears as if it is trying to break away from a previous consolidation area. Look for price to cross the trendline and break above the 200 MA on...

xode

The Bullish run appears to be weakening and nearing it's end as it's near the ceiling of the flag pattern. AAPL and MSFT which are heavily weighted for SPY also appear to be weakening, and VIX appears as it could be on the rise. Indicators are showing signs of weakness and there is a Bearish divergence showing on the oscillators. Appearing in the candle patterns...

xode

Price fell through trendline support with volume to support the move. The day before there was a Bearish Head & Shoulders pattern that appeared. This is further confirmation for a short entry opportunity. Please remember to never enter a trade blindly and always do your own analysis. This is not financial advice but merely an idea.

xode

Look for confirmation in following candles to come for a short entry