ronskalit

ronskalit

The daily price movements remain below the 200-day moving average (200MA). However, there's a potential for a test of the lower trendline marked in yellow. Historically, after such a test, we anticipate a reversal. Considering the ongoing market trends with #BTC, a reversal appears imminent.

ronskalit

The monthly chart reveals several confirmations, with a tightening falling wedge pattern converging on the pivot. Additionally, there is an accumulation of the second-highest bullish volume for the month. The current price is positioned at the Point of Control (POC), representing the highest liquidity volume. This setup appears poised for an imminent upward movement.

ronskalit

Falling wedge pattern. Daily support is around $85 levels. Big gap $95 - $100.

ronskalit

Similar price actions from April and July 2022. 1. the price hits wall 2 and drops. Retest to wall 1 and rejected. 2. The price hits wall 2 and drops. Retest to wall 1 and rejected. 3. the price hits wall 2 and drops. This current movement is in the process of testing wall 1, if the history repeats expect of -15% movement towards the gap from last Tuesday.

ronskalit

VIX is showing the supply level at $34s and demand at $19s. The average downtrend is 36 days (since Dec 2021) and we are approaching the demand zone. Solely based on this technicality, I expect some recognizable market pullbacks in the near future.

ronskalit

During a parabolic move, the price goes up in a steep upward incline on a chart as buying increases dramatically bidding up a price higher and higher with little if any short-term pullbacks. A parabolic move on a chart is one of the most powerful types of chart patterns showing extreme fear of missing out and chasing prices higher and higher until it depletes all...

ronskalit

Rejected daily 200MA and have an island reversal at $260 areas

ronskalit

Cup and handle with potential gap fill. Looking to open debit spread for January. Good luck.

ronskalit

CHPT is down over 60% since ATH and escaped the downtrend, but yesterday the company announced to resale of up to 5.7Mil shares. Expect to see a pullback, price action may retest the demand zone. I expect to hold if the overall market doesn't sell off. Option Sweeps are over 96% bullish for $21 strike price (cheddar flow) for next summer. This is a good R/R and...

ronskalit

FB – Escaped the downtrend with strong volume. Reversal play over 354 or $351.2 (bounce level) for calls tg $359

ronskalit

COST – Continuation play with potential breaking ATH. Over 469.8 or if it comes down to $467 or $465.3 for bounce levels for calls.

ronskalit

I have been eyeing this for days, HD has been on a mission for over a week now. Historically, each time the price level is reaching the supply zone it got a good pullback and from technicality, it needs a healthy pullback before going higher. Combined Powell to speak and quad witching Friday, I am confident to see the downside. I opened a small position 282.5P 3/26

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SPCE - Fundamentally, I'm bullish (long position) on this. With the mothership flight test success, and the hope of spaceplane future flight test could be a baby step heading in the right direction. Additionally, the recent SpaceX news could also pump all the space industry. However, TA is showing an island reversal at $29.2 areas (potential for gap fills). Over...

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TSLA - Consolidating in a triangle pattern. With the upcoming earnings on 1/27, I can see the price actions will going upwards to retest $868. This is will be big for TSLA because they will deliver results for the first time since it became a member of the S&P 500. Earnings could go both ways, but we can play the hype in the next couple of days. I'm BULLISH on...

ronskalit

MU - With the upcoming earnings this week, we may see the continuation on the upside. Expect a small correction (retest $75.5). Over $75.8 for a call.

ronskalit

NIO – The NIO Day scheduled on January 9th, Definitely have a bias to the upside for the hype. However, the price actions are now back into the $45 - $50 channel again. $50.50 is the crucial level, and if it breaks above I can see it’ll retest $52.7. Over $50 for a call (scale-up over $50.50).

ronskalit

FDX is forming the ascending triangle. The good news on vaccine delivery and earnings this week could take this price higher. I plan to play to the upside if it breaks 294 tg1 300 tg2 306.

ronskalit Updated 

Broke the acceding triangle. Next wall $503, tg $600