Definitey looks like it’s validating the breakout here after 2 previous attempts that ended up going back inside the channel. 3rd time here is likely the charm but it needs to overcome the resitance of the weekly 200ma (in blue) first before it can hit the full target. *not financial advice*
200 Moving average support with elephant Bar with volume increase also
The SPY is once again hitting a new all-time high today, with the market looking optimistic. As long as it continues to show the pattern of higher highs/higher lows, bullish sentiment will prevail. Last month, I made several warnings that we shouldn't try to guess the top, and that the trend is upwards. The only thing that could reverse the situation would be a...
Gala price has hit the 200MA twice while forming a falling wedge pattern, we hope to see a bullish breakout and BTC doing good too
TSLA shares have corrected to the support level we identified in our last public analysis, in the vicinity of the green line at $230, between the 50ma and the 200ma. In fact, it looks like the 200ma is serving as our last support, since the price is bouncing right back after hitting this indicator. The link to my previous public analysis is below this post, as...
TSLA's shares are collapsing, even though the company is beating vehicle delivery expectations. This can be explained by the fierce competition coming from China, as TSLA lost its position as the world's biggest seller of electric cars to BYD in the last four months of 2023 - even though the American company managed to beat its own expectations. This not only...
Intel has made a full reset down to the PCZ of a perfect Bullish Shark Harmonic on the Monthly Timeframe and it went below the 200 Month Moving Average to do so but it was short lived as price only a month later managed to get back above the 200SMA and close above it. I now believe that we could atleast see price test the 50% - 61.8% Retraces above but if the Dow...
50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading. If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same...
On Monday, BTC had finally crossed above and broke through its major resistance area located on this 1 week charts at $32,415 - $27,785. Note: BTC is still in a Rising Wedge Pattern as well as an Upwards Channel Pattern. BTC is still in a massive Megaphone/Broadening Wedge Pattern otherwise known as an Ichimoku Y-Wave Pattern. Take Note of the Liquidity...
XAU/USD Short Trading Opportunity 1. The price is below Trend Magic Indicator. 2. The price close under 200-MA 3. Retail trader data shows 60% of traders are net-long. Strong contrarian short signal. SL - above the Trend Magic Indicator line TP - 1890 Keep It Simple and Always Trade With the Trend! Please, Support Our Work with Like & Comment! Thank You!
EUR/USD Daily EUR/USD tested the 200-Day Moving Average at 1.0802 on Wednesday. Our team expect the pair to remain under pressure, because: - The SuperTrend Indicator shows strong downtrend - The price is below the psychological zone 1.0900 and the resistance level 1.0930 SUGGESTED TRADE: SELL EUR/USD - If the price close under the 200-Day Moving Average and...
Last week was volatile on the markets. Many indices have been corrected (a fall in value after a previous period of rise). The fear of interest increases following the speeches of the members of the FED and the Chinese economy which worries despite the support plans of the Chinese government. I am therefore focusing today on the Dow Jones. Founded in 1896 by...
SCIB (Sarawak Consolidated Industries Berhad) Sector : Industrial Products & Services Market : Main On 8 May 2023, the price manage to breakout the 200-Days MA. This indicate the stock moving toward a positive long term uptrend. Supported with huge volume 93M. Currently the volume still highest, we assume next week(19-23 May) will occur some pullback or...
RSP was trading below the 200 day moving average in the after hours. I wonder if it is going to open that way tomorrow. Also the 63 day moving average, which represents the quarterly moving average has fallen below the 200 day moving average as well. Not too often does this happen and more downside doesn't follow in the weeks to come. From a pivot point...
MARKET OVERVIEW: 📈 The NASDAQ Composite index seems to be in a buoyant mood, painting a rosy picture of the overall market. However, upon closer inspection, it becomes evident that this rally is highly concentrated and powered primarily by the FANG (Facebook, Amazon, Netflix, Google) stocks. In fact, the large market caps of these tech behemoths are heavily...
OK so long term the 200 week and day MA has been the only MA I use as an indicator 😅 before recent times we never closed a weekly candle below it. The blue area is anything under the 200weekly. Either way we recently broke above it (very bullish!!!) However we need a retest. If we are going up again it will surely be a bounce from this line? Thats if it finds...
Here is a closer look at this chart. BTC needs to turn the key Resistance area located around $32,157 - $28,682 into strong support. That’s it, quick n dirty. I hope this chart is helpful.
The green descending channel that xrpbtc is currently breaking up from it has been inside for the last 6 months or so. The breakout target of the channel should lift xrpbtc priceaction above bothe the weekly 200ma(in blue) as well as the daily 200ma(not shown here). If it finds a way to break up from the symmetrical triangle it can rise all the way to .00006. ...