UUP shows strength on daily and so on weekly chart and currently bullish. That also reflects on Oil prices heading higher.
Tesla stock is very popular but bearish at the moment with neutral outcome for a long-term, there's a chance Tesla will turn bullish again but unlikely on short-term or mid-term time. Still unclear, and it can drop further to support zones.
Microstrategy has been bearish for a while, no long opportunities at this moment. You can also use companies like Microstrategy with correlation to Bitcoin.
I'm bullish on shipping sector and love the price action on ZIM, follows trend line and nice VCP patter (volatility contraction pattern) Not much downside in the name either with other tickers down pretty big - RELATIVE STRENGTH ! PLUS Dividend ! I like the R/R starting a position here with a stop loss just below the breakout level !
Technical Analysis behind my short position on NIO. I have been watching this triangle channel for a while now and with this last week, it appears it has strongly broken out of that candle. Before entering a position I am waiting for it to retest the bottom support of the triangle. Just speculation :)
The low energy and feeble desire for a bounce in stocks indicates we can expect a deeper correction (unless something changes from the Fed). Valuations returning to more normal levels is not a bad thing in the long run, but be careful with tech stocks at this point, only adding to positions as we correct deeper. Picking out tech firms with cash in the bank to pick...
Interesting Time Fib lands May 18 2022 which also lines up with 4.236 circle fib. This date could be the bottom for Bitcoin , price could easily wick down to 25k before closing at the 1.618 Fib at 28k. Best time to take profit would be sometime late March at 0.618 Fib at 51k.
Hi everyone, Today we are taking a look at NYSE:TWTR stock. This poor bird has been flying down at an astonishing rate. However, unlike most young tech companies, this bad boy has been to hell and back again. NYSE:TWTR was scraping the bottom during 2016-2017 and managed to recover eventually. Now we are in the steep downward channel. If you zoom...
Hey Trader, please see my current idea on the Tesla Stock, where count suggests a possible bottom. This is due to the fact, that price action is currently moving in a flat correction. We already hit the first correctional target and are now off to the second one as marked on the chart. Fundamentally, Tesla has reported impressive quarterly earnings over...
Today, we will look at FB renamed on meta. Currently, we are on 142 days Draw-Down since the previous ATH and a decline of 25%. From here, we will analyze both bullish and bearish scenarios based on the context we can see now. Bullish Scenario: The price bounces on the lower trendline of the corrective structure and breaks the inner descending trendline; on...
Technical analysis used is called Elliott Wave technical analysis. We can see an almost textbook 5 waves movement down. I have done a quick check of the validity of the count, based on the rules and: 1. Wave 2 never moves the start of Wave 1 2. Wave 3 is not the shortest out of the 3 impulse waves W1,W3,W5 3. Wave 4 never enters the price territory of Wave...
Tesla — Shares of the automaker fell 11.6% despite Tesla’s beating estimates on the top and bottom lines for the fourth quarter. The company warned that supply chain issues might limit production in 2022 and announced that it would debut no new models this year, disappointing some Wall Street analysts.
normally it can be a good spot to go short gbpnzd, we are having a lot of levels in that area, as you can see on the chart; the only query is if we have a bottom in the stock market, since AUD and NZD are week during corrections or bear markets
Stocks appear to be establishing value in the lower 4300 handle. We have support from below at 4272, and are facing resistance above at 4440. The Kovach OBV has completely flattened out, confirming the indecision. Currently, it appears we are making a run for lower levels, so watch 4272. If we are able to break this, then 4228 is the next target. Beyond that,...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Amazing has been under a correction wave that affected the entire stock market, the stock price dropped from 3420.58 to 2714.06 in 2022 so far. with a bigger bearish...
The first is that the price has reached the upper line of the uptrend channel. The second is tight spreads on the January 26-27 high volume bars. Third - the White House doesn't like prices too high because expensive gasoline increases consumer spending, which lowers the president's rating. CVX stock price is at a record high because of high oil prices. But the...
There has been a lot of talk about the Bitcoin correlation with the S&P. So, I wanted to see what the correlation between Bitcoin and the S&P has been over the last few months. Here is what I saw: The scale of this charts comparison isn't super important. But the general movements and relative time frames are super interesting. imo Sept 29th - Oct 20th:...
SONA COMS - Pattern completion The mountain hill pattern seems to be completed today and the stock has bounced 6% today. The stop loss here is minimal. Just 600 & upside is huge. Seems good to make positions here.