Hi All, my main 3 take-outs from this analysis are the following: 1- EURUSD is approaching the support area of 1.11 (actually it would be between 1.10 and 1.11) which is historically relevant 2- The cross is also trying to test the descending red long term trendline, which was brocken in August 2020 with volumes 3- The RSI in the weekly chart is in oversold...
Hi All, my main 3 take-outs from this analysis are the following: 1- Price action is maturing within a symmetrical triangle which looks like being a continuation triangle pattern. I would not be surprised if the price might touch again the up red trendline and break it upwards with volumes by mid-December 2- First target following this possible breakout would be...
As I shared this morning, I hoped for a daily close abve the high of the yesterday doji candle. The price managed to close higher than that and this is to me a great sign of possible reversal and confirmation of the rebounce from the 20$ level. I just would like to mention that the last two times the RSI touched the oversold territory (May and July 2021) the...
Hi All, my main 3 take-outs from this analysis are the following: 1- Price possibly rebouncing from a key support of 20$ (price has been moving between 27$ and 20$ since a lot f time) 2- 4H chart shws engulfing bullish pattern as also an RSI in oversld territory, which might be a god sign of possible reversal from these levels 3- There are still two gaps at 24$...
Hi All, my main 3 take-outs from this analysis are the following: 1- The hourly chart shows RSI in oversold territory with high chances of a rebounce 2- Price might be retesting the resistence at arund 4.60$ in the next days 3- Still valid the possibility of an upward breakout of the descending wedge shown in the daily chart Not a financial advice, just...
Hi All, my main 3 take-outs from this analysis are the following: 1- Price is moving as per historical recent moves 2- Price is still within the falling wedge and should see a breakout (hopefully upwards) prior getting to the apex. But it might take still some time 3- By tday and tomorrow we might possibly see a rebounce from the 0.66-0.65$ levels, as also...
Hi Guys, WISH is moving inside a falling wedge in the daily chart. Two third of this wedge is approximately end of January (blue box) where the price might realistically break the red trendline of resistence and reach the 6$. If this will happen, next price targets will be the 9$ gap filling and mostly the 15$ level, which represent the target given by the height...
Hi Guys, BEST broke an almost 2-years down trend channel (started on January 21st 2020) on September 2021, with huge weekly volumes. The price target for this technical pattern is 3$, which is also the 0.382 Fibo level of the downtrend leg which started also in Jan 2020. In addition to this, MACD on the weekly chart is showing a huge bullish divergence which...
Probably my most important video update so far... Let's see hw the recent months mvements might help us to understand what the next move might be. In the meantime, price is just doing what it should, meaning covering the gap. Not completed yet, but we're close to it. Not financial advice, just personal opinion and analysis
Hi All, my main 3 take-outs from this analysis are the following: 1- After IPO jump up to 50$ price started consolidating into a huge descending triangle, and the movement is still in progress 2- Price might be heading to another touch of the higher part of the descending wedge, which might occur in my opinion between February and March at arund 30$ level 3-...
Hi All, my main 3 take-outs from this analysis are the following: 1- Price is moving within a descending wedge and a bigger trangle 2- Price has been rejected by the 200 MA and by a descending trendline resistence 3- We might see a retracement to fill in the daily gap left on Friday Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Hi All, my main 3 take-outs from this analysis are the following: 1- 12-years downtrend possibly being reversed, long term target 1.5 2- EUR/USD approaching key 1.13 level, where long term point of control is. 3- 1.13 level is also the 0.618 fibnacci level of the most recent uptrend (from March 20 to January 21 Not a financial advice, just personal opinion....
Hi All, my main 3 take-outs from this analysis are the following: 1- Despite the huge volumes in the recent drop, I personally feel like this might be a bear trap 2- Inside candle pattern which might mean reversal anytime soon 3- Big descending wedge on the daily chart with take profit projection at all time high. Not a financial advice, just personal opinion....
Hi All, my main 3 take-outs from this analysis are the following: 1- On June 8th 21 price broke the descending wedge resistence (daily chart) with huge volumes. Target for that move is 19.5$. Let's not forget about this 2- Price between 21 and 50 MA, going to probably test the 6.3$ static resistence 3- Bullish divergence between prices and RSI in the weekly...
If we look at the weekly chart, I identified two main reasons why I consider 0.7$ being the bottom and why I think there are good chances that we can see higher levels soon: 1- Previous week candle was a piercing line candlestick pattern, with the opening below the previous candle close and with the close above the mid-body of the previous week 2- The price is...
The end of the week is showing a reversal candelstick pattern: the piercing line. In fact, the week opened below the closing of the previous week and it closed abive the mid-line of the previous week. This indicates that bulls overwhelmed bears this week. Moreover as you can see from my latest idea, there is a reversal head and shoulder formation in the H1...
Long story short: H4 chart is shwing a H&S reversal pattern which will be confirmed in the next hourly sessions, by breaking the neckline at .795$. In my opinion there are good chances to see a runaway gap above this level tomorrow FRI 20th. Target for this technical pattern is 0.92$, while 0.85$ is the target for the green channel that you can also see in the...
It is pretty clear that Palantir is not a stock for quick profit. Its CEO also said this. It is not a 100m run, but it is a marathon. In my pinion we are in the middle of a strong rebound, also seen the volumes of the latest trading days. The first target could be the 24$ area, which is the projection of the small falling wedge (in red) , broken with huge...