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...
Taking a look at the daily timeframe, price-action is currently supported by the Natural Consistency Flow. At the same time we also have divergence with RSI hinting at a potential short-term bottom.
Personally I need to see price-action now make a daily higher high (closing above the last candle). Once we get that third confirmation, I would be inclined to going...
Taking a look at the 1 hour timeframe, we have some clear bullish divergence with RSI and price-action. Whenever we get a setup like this, price-action does tend to bottom out and is likely to push higher.
The question now is "Will PCE come in better than expected?" As of right now, the economic calendar forecasts for weaker than previous figures. This may leave...
BTCUSDT seems to be reached supply zone. Price action drew a logical dynamical resistence line - top formation - in a confluent Elliot Wave count. USDT 40400 is a potential target for short swing trade in an possible impulse bearish.
OANDA:USDJPY The USDJPY exchange rate reacted negatively to the resistance area with the appearance of a bearish Pinbar reversal base.
Perhaps the negative divergence reaction of RSI may have ended.
We can execute a Sell order with stop loss and take profit based on support, resistance and Fibonacci retracement levels.
Sell USDJPY at current price (143.9)
Stop...
In the current market scenario, the EURGBP pair appears to be undergoing a phase of consolidation following a preceding downtrend. The price action is forming a discernible flat bottom, a pattern indicative of accumulation, further complemented by a bullish divergence observed on the Relative Strength Index (RSI).
Should the price breach the defined entry point,...
I tried analyzing MU and I feel it is bullish. It is not a current market price trade as risk is way down near 73 but target is 87.
I am long and will continue to hold it as I see $88++ coming.
March E-mini S&P 500 Index futures continued the rally that began at the beginning of November, taking out the recent high from the last week in July. MACD recently experienced a bullish cross by crossing above its signal line. That relationship is widening, which indicates a continuing bullish trend. RSI is getting closer to being overbought at 70, though bearish...
Microsoft ( NASDAQ:MSFT ) has been on a bull run since the AI hype started. Despite a correction that pulled it down all the way to $310, it has recovered well and continues to stay strong. However, after analysing its most recent bull run and using the RSI indicator, I have concluded that it has exhausted its bull run and is ready to take another correction.
...
When we examine the last 3 mismatches between the price and the Relative Strength Index, the view that emerges can give us an idea about the possible correction in the price.
Just wanted to point out that GME has now reached the end of this massive falling wedge on the WEEKLY. A breakout of this wedge could be absolutely massive to the upside.
Also, the last time the Ultimate RSI was this low, shortly after we seen a 155%, $19 to $50 spike in just 14 days.
With new legislation for reporting short positions and the pressure on the...
Hello Everyone 🙋🏽♂️
We are in supply zone with an overbought RSI indicator.
🟠 EP 23.92943
🔴 SL 24.35149
🟢 TP1 23.48040
🟢 TP2 23.06730
🟢 TP3 22.65874
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for...
NASDAQ:NVDA ,1D: Price dipped just below the 50% line and popped back up over the line after coming off the local lows at 403. Given the 'uncertainty' around the level and duration of a 'higher for longer' rate environment along with the market's general preference for 'clarity' over 'uncertainty', it would not be unreasonable to expect the 'increased volatility'...
We have closed our CRWD trade at a profit of 12.5%. The profit target has been reached and the stock if short-term overbought (RSI) which increases the risk for a short-term pullback.
When the stock is at the target profit, you have several options: a) close the full trade, b) close half of the trade and move the SL for the remaining half up to e.g. breakeven, c)...
There is a potential for a short term SHORT trade on BTC/USDT. If todays bar closes < 34.7k (~3.5 hours till close) there is potential for a short. There are two target zones:
Yellow zone, this is the most likely zone it may dump to between 32.5 and 32.8k
White zone, between 30.3k and 31.8k, this may happen if the lower level of 32.5k in the Yellow zone fails...
here is my insight on BTC, as expected BTC did bounce in the zone I placed from my previous analysis.
BTC might try to go range, or try the highs because of the divergence in lower timeframe before going down to retest the support.
I placed the possible entry for long:
1. previous high
2. 50% of the previous gap.
Ofcourse this might go lower, touch the middle...
