In this chart I have a very good example by using Stan Weinstein's Stage Analysis method from his classic book Secrets for Profiting in Bull and Bear Markets. The Gold on the 4H chart Stage2 is finished when the price did not make a new HH also the price break the last HL under MA Stage3 is sterted by retesting the last HL and formed a new LL Stage4 is started...
This market is up broke above the levels of support the volume is good RS is positive above Zero level long at 216 SL 175 TO 299
AFRM is tightening into a wedge on the daily chart. Trying to break out and now sitting up above all three major EMAs. 12% short interest could add fuel to the fire if this decides to squeeze.
SQ is testing this downward resistance it's been stuck under since about May 2022. This is the fifth attempt at a breakout, so you have to wonder if it's finally time. Creating a bit of a cup and handle on the daily chart, and now comfortably above the 200 EMA. A high volume break or a red to green open should send this above resistance. Initial targets $90 and $100
United Rentals has trended higher since October, and some traders may see opportunities in its current pullback. The first pattern on today’s chart is the rally to new highs on January 25 after earnings beat expectations. The industrial stock has held that move without a significant retracement, which may suggest that buyers outnumber sellers. Second is the...
Microsoft has been rallying since October, and now a recurring pattern may be present again. This chart highlights bullish breakouts by the software giant in October and January. First you have tight consolidation against support. MSFT first held the October 13 closing price of $327.73, followed by the December 4 closing price of $369.14. In both cases falling...
Attention: This is a mid-term technical analysis. Support area: 183 to 209 Dollars First resistance: 270 Dollars First target: 300 to 305 Dollars Good luck!
Trading style: BBMA The stock rose and formed a white bullish candle last Friday, breaking out above its 3-week long triangle pattern. The breakout was supported by a higher trading volume which indicates a renewed buying interest after the stock’s consolidation from the 52-week high. More upside is likely to follow after the said breakout, underpinned by the...
NASDAQ:IBIT March 13, 2024 15 Minutes The gap was filled yesterday. If we consider the rise from 37.77 to 41.8 then NASDAQ:IBIT retraced 61.8% of the move. And for the fall 41.8 to 39.21, it has again retraced 61.8 of the fall. For the day considering the last rise from 39.21 to 40.94 NASDAQ:IBIT has to hold 39.9 levels for 40-41 as a target. More...
AMEX:SPY March 13, 2024 15 Minutes AMEX:SPY managed to hold 510 levels and the expected 514 levels and above were done for the day. For the day of the last rise, 513.55 t 517.38 is to be considered. Holding 515 levels we can expect 518 levels. The buy-in day will trigger only above 518.22 levels. AMEX:SPY above all moving averages. The Elliott oscillator...
📉Hi Traders, Investors and Speculators of Charts📈 It's been a while since I've done a macro update on BTC since the previous update. I love the logarithmic view of BTC. It gives a clearer indication of price increases alongside growth. Although inflation and value factors aren't physically calculated into the price, seeing the upwards curve makes more sense from...
LRC broke the descending trend line from it's ATH and looks good for holding or trading. Mid-term TP = 0.5$
Semiconductors showed signs of stalling last week, and Advanced Micro Devices might have confirmed a potentially bearish pattern. Today’s chart highlights the big price swing on March 8, which featured a record high and then a close below the previous session's lows. The resulting candle was both a “shooting star” and a bearish engulfing bar. AMD proceeded to...
Cup and handle formation good volume EMA 10 crossing up EMA 30 daily ( momentum) r/r ratio 3:1 good trade
NASDAQ:IBIT March 12, 2024 Closed longs at 41.5 levels. it was approximately 1.618 extension for the move from 37.77 to 39.37 to 39.02. So far NASDAQ:IBIT consolidates or retraces to 50 averages. So for the rise from 39.02 to 41.62, I expect a retrace today to 40.6 levels. I have a next target as 43 levels if this retracement low is held. Also if 39.5 is...
Looking at the weekly chart, we see that while there is no major change in the slower momentums, the faster one looks to be moving back up again. PPM1 is starting to recover some momentum even as it is still in a downtrend. While price looks like it is starting to recover as a result, I'm not convinced of this recovery. However, price has already hit the low fib...
AMEX:SPY March 12, 2024. 15 Minutes AMEX:SPY opened with a gap down but managed to hold 508 levels. It was mostly sideways between 509 to 511 levels the whole day, around 200 averages in 15 minutes. Consider the fall of 514.46 to 508.5. Strength is only above 512.5. For the day need to hold 509.5 levels for a possible move toward the 512-514 area. If ...