Apple has ran up into the daily supply zone created previously. We expect price to start to drop from here along with the sp500.
Wait for confirmation or trade this entry as set and forget, your choice!
let's go Ninja's.
This week and next there is increased volatility since we have many fundamental catalysts.
We have hit our reversal point on the weekly and we expect a 300 point drop in a short period of time.
What does the community think?
In our last Tesla analysis, we were anticipating a bounce of the trendline and the fibonacci and we got that. The analysis after that, we were looking for bull flags to take this higher.
We are currently in another bullflag which could possibly take us to new highs!
See linked charts for previous Tesla analysis.
Goodluck and trade safe!
We obviously like to trade between our zones, right? That's how we know where we are looking to enter, where we are looking to place our stops and take profits, we can easily monitor and measure our trades on this basis, hence our strategy 'trading between the zones'.
We broke our 1.39 support zone and sold off circa 75 pips before correcting, bearing...
Amazon appears to be stalling at the highs. As the sp500 moved higher big tech seems to be stalling out at the highs. This is usually a very good sign that a major market crash is down the line (this year).
Over the next few motnhs we are going to see huge swings/volatility in the market and amazon is going to lead the way imo.
I will be looking to short the...
Quick update on NIO here. After a tremendous rise throughout 2020, NIO caught the eye of many people, me especially I first bought in at $14 but when it inched closer to $50 as soon as three months later, that was a big no no for me. So ever since then it went a bit higher. Fast-forward to today, however, it's back around $35, which makes me...
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Chart pattern along with price action/ candlestick momentum, indicates to me this can be a bullish entry. AMD looks stable. Implied volatility is reading 47.5% from my broker IB. I will be looking to buy a credit spread at the open, to exit before Earnings as a safety/ risk management measure.