faresalouf

faresalouf Updated 

After a first wyckoff spring failed trial, NYSE:NIO is showing a 5 waves technical pattern that generally introduces a trend continuation. Wyckoff Spring is not over yet, we might expect a spring if the market's conditions are good next week. For me this trade is worth trading with a nice risk/reward ratio with a stop-loss just under previous low and 55 simple...

faresalouf Updated 

After hitting a massive support level last week, NASDAQ:GRVY breaks the falling wedge and is retesting it.

faresalouf

After a nice bull run, some were taking profits today. We started the day with heavy selling, some shares were bought back later in the day. The market hit the resistance and we might see some weakness until friday. Or a rebound ! Who knows :') Happy trading.

faresalouf

Wyckoff spring: 1) Takes down previous high 2) Consolidates above it 3) Fails to make a new high 4) Breaks support and run stop-losses 5) SPRING ! Stop-loss below previous low.

faresalouf

Wyckoff spring: 1) Takes down previous high 2) Consolidate above it 3) Fail to make a new high 4) Breaks support and run stop-losses 5) SPRING ! Stop-loss below previous low.

faresalouf

NASDAQ:AMD seems to be into a Wyckoff Spring formation. 1) Taking out previous resistance 2) Consolidating above the resistance 3) Failing to make new highs 4) Goes down and activates stop-losses 5) Springs up ! Buy point would be after coming once more above the resistance level. Stop-loss would be at/slightly under the previous low.

faresalouf Updated 

Let's take a look at NASDAQ:FTNT : 1) $FTNT has been continuously growing it's earning/EPS since April 2018. 2) It has been consolidating for a long time now. 3) It is in a bullish triangle formation. 4) Stochastic indicators are showing hidden bullish divergence. 5) It may be getting ready to take-off !!

faresalouf

NASDAQ:GRVY Hits a key support level: The support level is : 1) Related to a previous top 2) 0.786 Fibonnaci retracement 3) At the 89 period moving average 4) The trendline since October 2020 I am getting long at this level: 1) We have a stochastic hidden bullish divergence 2) The company is growing it's earnings per share 3) The general market is going up 4)...