luna_capital

luna_capital

We have broken down out of the channel which held the rally in stocks for the past year and a there is similar story across other US and global indexes. Expecting a continuance of the downtrend that started in 2021 as monetary policy finally effects the economy and higher interest rates lead to asset repricings

luna_capital

Had a large retracement on Tesla but now back at the upper trendline, looks like a possible short entry with a good risk reward ratio, looking for a retest of the lower trendline now as an exit point

luna_capital

The pound has retraced a significant portion of the move that started early 2022 but is now approaching an area of historically high resistance. Will be a key area to watch for a potential reversal or a sustained breakout

luna_capital

Quite a solid breakout on the XAUGBP chart after 4 previous fails, will keep an eye on this to see if it is sustained and then look at opening Long positions

luna_capital

The index has effectively gone sideways since September but has setup what looks to be a large triangle pattern, will use this setup to start re-entering short positions.

luna_capital

Playing this triangle breakout to the downside on INDA as a short setup

luna_capital

We are currently testing the SP500 trendline (red) but on the shorter timeframe it has also developed a triangle pattern (blue). Looks like its setting up for a big move, with the VIX at its lowest levels since January 2021 there is a lot of complacency which could lead to a quick reversal and continuation of the downtrend although will focus on the triangle for...

luna_capital

I looks like a large triangle breakout is taking place in the Dow Jones index priced in Gold. If correct this suggests an outperformance in gold vs the stock market.

luna_capital

Bitcoin is now retesting the upper level of the downwards trend line, watching for a potential rejection here and a continuation to the downside.

luna_capital

Approaching a level of high resistance on Gold vs GBP however expecting that if the price clears 1600 then it will continue to rally towards the upper trendline.

luna_capital

Probably one of the most watched trendlines in markets, was this all another bear market rally? Looks like that question will be answered soon.

luna_capital Updated 

Tesla stock is now breaking below a key support level set in 2021. This looks to have set a multi year topping pattern and if this level fails then this could start to eat into gains by investors in 2020. There is also the issue with the amount of Tesla shares used as collateral for Elon's personal liabilities, in this scenario he could become a forced seller...

luna_capital

A well established downtrend channel has been made on the Dow Jones, using this to enter a short targeting the lower trendline.

luna_capital

A rising wedge pattern has developed on GBPCHF, looking for a breakout to determine direction. A breakout to the downside could see the pound continue the downtrend to hit parity.

luna_capital

After a volatile couple of weeks the pound is now retesting this trendline against the Euro which may act as a solid resistance level to enter a short position on the pound

luna_capital

Currently testing the neckline on this multi year head and shoulders pattern.

luna_capital Updated 

A head and shoulder pattern has developed on AMD over the past couple of years, a break of the neckline here could indicate a longer term bear market for the stock

luna_capital Updated 

Too early to tell but this could be a head and shoulders topping formation for Tesla, a break below the neckline would confirm this and present a short opportunity