Aside from Elon taking a stronger control position of the operations of the company (upping his equity stake from 10% to 20%), I also like the technicals of this chart for a near-term entry. We just bounced off of our handy dandy blue tapered HTF selling channel and are looking for some of our buying algorithms to take hold. We are also forming a nice inverse...
ROKU on the 30 minute chart had a sell-off after earnings which were okay not great. Traders reacted. The question is whether it was an overreaction. I think it was. I am looking for a slow recovery over a week or more to at least the standard retracement level which I will call 98 as drawn by the tool. further upside targets are 101 and 104 based on VWAP...
Amidst the revision of the Consumer Price Index (CPI) numbers to accommodate new seasonal adjustment factors, the XAU/USD faced bearish pressure, culminating in a 0.50% dip, closing the week around the $2,025 area. This development has heightened focus on the upcoming Consumer Price Index (CPI) figures from January, as market participants seek insights for...
FCEL a penny alternative energy stock is at a near-term bottom sitting at the POC line of the volume profile and a standard deviation below the intermediate-term mean VWAP about a month out from a good earnings beat. Given the current administrations unwavering support for green enerby sometimes with grants subsidies and other hand- outs I see FCEL as...
Breakout from a classic inverse H&S pattern and with volume too.
FSR on the one hour chart fell from a triple top in mid July into the lower range of the volume profile's high volume area then bounced higher in a series of higher highs but then rolled over and fell again/ It has consolidated sideways about that POC line and now is above it. The indicators including Directional Index Zero Lag MACD and dual time frame RSI...
Explore the latest market dynamics in our new video as we analyze the USD/JPY movement, surging over 0.90% to 148.05 following a robust US jobs report and elevated Treasury yields. The addition of 353K jobs in January has shifted Fed rate cut forecasts, reflecting a tightening labor market and bolstering confidence in the US economy. However, amidst this positive...
The Tokyo Consumer Price Index (CPI) for January witnessed a deceleration in Japan's national capital, dropping to 1.6% from the previous reading of 2.4%. This marks the first time in almost two years that consumer inflation has fallen below the Bank of Japan's (BoJ) 2.0% target. Additionally, the Core CPI (YoY) experienced a decline from 3.5% to 3.1%. The Bank...
Over the past week, the price of Gold has been fluctuating between $2,000 and $2,035. This is because buyers seem to be taking a break, indicating a neutral to bullish outlook on the daily chart. Furthermore, the USD's recovery, driven by market adjustments related to the Federal Reserve and the resilience of the US economy, is putting pressure on the price of...
MATICUSDT was trading in descending parallel channel. The price was reacting well the support and resistance of channel. Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target...
Hello Traders, welcome to today's analysis of Pfizer. -------- Explanation of my video analysis: All the way back in 2012 Pfizer created a massively bullish triangle reversal pattern at the $17.00 level. This was followed by a +200% rally. Since 2022 Pfizer has been dropping significantly and is now retesting the support level which I mentioned in the...
On the 15 minute chart, PLUG got a deserving bad haircut today on the dilution announcement. Buying shares in a chas burning enterprise is risky business. However, the prospects of a rescue with a federal grant from the Green Left initiative can come any time. Shares are on sale. So are OTM call options expiring after the recovery if there is one. Price...
🔮 #ETH Analysis 🚀🚀 💲💲 #ETH is trading in a Rising Broadening Wedge Pattern. #ETH has seen some fluctuations recently between $2,100 and $2,400, with a current price around $2,300🔍 While there was a 12% dip over the past week, remains cautiously optimistic about price going forward based on the potential for an Ethereum ETF. 💸Current Price -- $2300 📈Target...
USD/JPY appears to encounter resistance around 148.80 over the last three days, with fading bets on a Fed rate cut. While bullish sentiments persist, the bulls take a breather, gearing up for potential momentum next week, pending the Bank of Japan's (BoJ) monetary policy hints. On the USD front, resilience continues fueled by recovering US yields and positive...
Gold's recovery near $2,030 persists as the US Dollar adopts a sideways trend. Despite a less convincing pullback in Gold, traders have tempered expectations for a Fed rate cut in March. While the precious metal has rebounded significantly amid escalating Middle East conflicts, the short-term outlook remains cautious due to limited upside potential, influenced by...
Hi Traders! SILVER has broken below the neckline break in its head-and-shoulders pattern, and there is a possibility for a continuation to the downside if the market continues to stay below the neckline. Here are the details: After the initial momentum break below the neckline, the market is now retesting the neckline as resistance, and the 20 EMA has lined up...
Hello Traders, welcome to today's analysis of Alibaba. -------- Explanation of my video analysis: Starting in 2016 Alibaba created a pretty obvious higher timeframe bullish reversal which was followed by a crazy bullrun on Alibaba stock. In 2021 Alibaba broke below a major bullish trendline and dropped more than -70%. If we see another bullish reversal at the...
The price of gold surged significantly on Friday, driven by a risk-averse sentiment stemming from escalating tensions in the Red Sea. The US and the UK responded to Houthi's attack on a US ship on Thursday, prompting a surge in gold purchases as the conflict in the Middle East intensified. Additionally, the yellow metal received a boost from the decline in US...