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SPX: Dangerous Top Sign Under a Major Resistance Level.• The SPX did a top sign yesterday, just after it hit its resistance at the purple trend line, which is connecting the previous tops; • What’s more, the index lost the 21 ema. It seems Futures are stabilizing, but the situation is still problematic; • In theory, if we don’t see a very strong bullish reaction, as soon as possible, the index would just keep correcting to the next support level, the 3,808; • There was a gap (yellow square), which was filled yesterday, making this a possible Exhaustion Gap after the quick rally that started on Mar 13; • So far, we don’t see any meaningful bullish reaction indicating that it will reverse, or at least reject the bearish sentiment; • In order to avoid a bearish continuation, the index would have to react and reject yesterday’s candlestick, breaking the purple trend line in process. It all depends on how it’ll react today. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
4
CRM - approaching neckline @ 195CRM had been basing for about 10 month now (since last May), the first sign that the worst could be over was when it broke above the 200 day movving average on 27 Jan, then a retest of this MA a month later on 27 Feb which validated the 200 day MA as the new "support". Several days later on 2nd Mar, it gapped up strongly on earnings beat, stopping right at a significant neckline around 195. Then proceeded to pullback and almost closing the entire gap in the coming days. While the stock has been staging a recovery since hitting the low in Dec last year, it also experienced steep pullbacks on the way up. Buying the dips would certainly had been a better option in this chopping conditions. Despite the volatility, what is clear however is that the stock is still on it's way to recovery, forming higher hi's (HH) and higher lo's (HL), with RSI staying at 50 or higher since early Jan, and a Golden Cross since 10 Mar. It could attempt to break the neckline @ 195 again in the coming days and if and when it is finally able to break and stay above this level, then we could (hopefully) see more a more steady rise with pullbacks that are less steep (ie within 50% fib retracement of each mini up swing). And the next target could be around 220. We can "predict" price targets but it is important to manage our risk with trailing stop losses and see what the market gives us. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:CRMLong
by Juliac
TSLA: Losing Momentum (For Now).• TSLA stock is stabilizing, trading between its key support and resistance levels; • The key support is the 38.2% Fibonacci’s Retracement again. Most of the time, when TSLA loses the 38.2% retracement after bouncing above it for a while (like in this case), the 61.8% retracement becomes the next target – usually it ignores the 50% when this happens; • What’s more, the 61.8% coincides with the Earnings Gap (blue square) at $146, making this area a very interesting target to work with; • In order to avoid such a bearish scenario, TSLA would have to react as soon as possible, and break its key resistance area around $187; • The $187 is the neckline of the H&S chart pattern that TSLA triggered last week, and it is very close to the 21 ema as well; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
XAUUSD; PROBABLE DROPDear Traders, It is my pleasure to provide you with an update on the recent market activities of GOLD since the SVB Collapse. There has been a substantial uptrend observed in the market, as the price of GOLD surged from 1809.90 to 1926.04, representing a notable 1,160 pips move. Based on our technical analysis, we anticipate a potential bearish reversal if the 1HTF candle fails to close above the resistance zone at 1921.63 - 1911.73. In this scenario, we expect sellers to push the price towards the downside to fill the gap created at the (1871.65 -1867.17 region) during the previous bullish run, before the continuation of the upward trend. However, if there is a close above the resistance region, we may see a break and retest pattern, followed by a bullish continuation. Happy trading.
PEPPERSTONE:XAUUSDShort
by Samuel124
Bitcoin CME (Future): ...Inevitable drop after that!Hi everyone! I know that there are not many people here who use the Future, but our goal is to always look for new information, in this case, it is possible, after the rally, an approach to the GAP. I don't know if we can close it, but knowing that the market will try to do that is already something useful, right? I don't have the crystal ball yet (Amazon is a bit late in delivering 😢😊), but I think this drop might appear on our charts soon... I'd also like to know your opinion about this my idea, especially if you don't agree (...you never stop learning, and I'm always ready for that!) PREVIOUS ANALYSIS (Click & Play on Chart below) Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
CME:BTC1!
by TheAnonymousBanker
13
TSLA: Very Dangerous Situation.• TSLA is still dropping, and although it is in a support area, there’s no bullish reaction confirming a bottom sign yet; • The key support is the $187, which is the baseline of a this congestion, and if TSLA loses it, we might see a bearish reversal structure; • What’s more, the $187 could be the neckline of a Head & Shoulders chart pattern; • If TSLA turns bearish, I see it filling the previous gap at $146 in the next few weeks; • In order to avoid this scenario, TSLA would have to do a very good bullish reaction as soon as possible, and break its main resistance area; • The main resistance area on TSLA is made by 3 resistances that are very close to each other: In the 1h chart, there’s the 21 ema and the purple trend line connecting the previous tops; In the daily chart, there’s the 21 ema. Only if TSLA breaks this resistance area we would see a frustration of this bearish thesis. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1
TSLA: Dangerous Reaction in a "No Man's Land".• TSLA did a Bearish Engulfing candlestick pattern yesterday, and it is back to its 21 ema area; • If TSLA loses this 21 ema, it could seek the next support at $187 again; • TSLA is still in a congestion, and only a breakout of the $187 would reverse the bullish sentiment; • On the other hand, it has to break the previous resistance at $214 in order to trigger this Bullish Flag and seek higher levels; • So far, TSLA is in a ”no man’s land”, and any reaction inside this congestion shouldn’t be taken too seriously; • What if TSLA loses the $187? Then the next target would be the gap around $146; • TSLA is dangerously close to its support level, and the way it reacts in this area might dictate if we’ll see a downwards breakout or a bullish continuation to the resistance at $214. Either way, we’ll have our answer soon. I'll keep you updated every day on this. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
TSLA: A Bottom Pattern Above a Critical Resistance.• TSLA corrected last week, but it seems it just dropped to hit its support at $187, and now, it wants to bounce again; • Last Friday, TSLA confirmed a bottom sign, as it broke the 21 ema again (which worked as a resistance last Thursday), it broke Thursday’s high, and it filled the previous gap at $198.52 (making it an Exhaustion Gap); • All these bottom signs above the $187 line might indicate a further bounce; • In theory, TSLA could climb to the next resistance at $214, but as long as we stay inside this congestion, between $214 and $187, TSLA won’t trigger any new movement indicating a continuation of the bull rally or a bearish reversal; • This congestion could be a flag of a Bullish Flag chart pattern, and if TSLA breaks the $214 again, it’ll trigger this bullish continuation pattern. In this scenario, the first mid-term target would be the $237, which is a previous resistance in the daily chart, and it is near the 61.8% Fibonacci’s Retracement in the weekly chart; • Only if it loses the $187 it might frustrate this bullish thesis. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
FLSY - Anatomy of a "Good" tradeHi All, This is just to share on how I would approach a trade (as a trader). 1. Look for signs that the stock is forming a bottom (rounded bottom, inverted Head and Shoulders, Adam and Eve), rising above 200 day MA, Golden Cross etc. 2. Check out its longer term charts (ie weekly and monthly) as you will likely see a clearer picture of it's direction. 3. Wait for some triggers (eg breaking above neckline especially on strong volume). FLSY is a good example and had presented several good opportunities for several short term trades recently (could be held for longer term if one had entered earlier around 12.36 (1st Entry in chart) and didn't get stopped out. 1) On 2nd Feb (Initial Breakup), it gapped and broke up above this neckline (as well as it's 200 day MA), everything looks good except volume was just above average. Well, this initial break up failed! Yes, it happens more often than we cared for, especially during the earlier phases of the trend, hence a conservative trader would prefer to wait for a pullback and long if the neckline proved to be a support. 2) on 13 Feb (1st Entry), FSLY once again gapped above the neckline and 200 day MA, but this time the volume was HUGE. However, this was prior to earnings announcements (2 days later, AMC). There is a possibility that earnings beat had been leaked, so if one decide to enter this trade, then it would probably be wise trade small. 3) on 16 Feb (2nd Entry), the day after earnings, which beat expectations (surprise surprise...LOL), many traders will FOMO into the stock especially as it rose above the previous candle's high around 14.20. This turned out to be a very profitabe trade (intraday). Next day however, it formed a "Harami" candlestick (aka "inside bar"), showing indecision at this point. I would raise the stop to 15.30, slightly just under this "Harami" candlestick (which is already a 11% SL from its high @ 17.18). Those with a larger risk appetite could raise the stop to entry price (ie 14.20), allowing for larger volatility which could stop one out prematurely but be prepared to give back all profits if wrong. 4) FSLY had a steep pullback after all (due to poor market sentiment during the whole month of Feb) and found support only at 61.8% of it's large AB up swing. This was also within a prior "Resistance" but turned "Support" zone. It began to form small sideway candles (a signal to long if it starts to break above this "consolidation" range) 5) We had a Long trigger again last Friday (3rd Entry) as the stock started to rise decisvely above the consolidation high @ 14.20. It turned out to be a large candle day, hence I would place initial stop loss just below this large candle (ie 13.55, a 5% initial SL). There is a good chance this stop will not get hit (although nothing is guaranteed LOL). Uptrend is underway for FSLY (above 200 day MA, with the shorter MAs (20 and 50) both rising. However, it could still experience large swings along the way and one has to manage the trade and raise the stops from time to time to protect profits. Just because one is stopped out does not mean the stock is spent. Sometimes it could be just periods of consolidation (short or long periods). Keep it on your watchlist as long as the stock has not shown signs of bearishness on a higher timeframe, set alerts for the next trigger. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:FSLYEducation
by Juliac
1
META - falling wedge pattern (bullish)After a strong 28% gap post earnings on 2nd Feb, META has now given up about half its post-gap gain. However, its longer term bullish picture remains intact if we look at the following factors: 1. Stock is still trading above both its 20 and 200 day moving average (the latter of which is beginning to flatten out, a precursor to turning up) 2. A falling wedge pattern is forming (potentially bullish) 3. Bullish divergence forming between price and RSI (*see Note below) A break out of this wedge could be an opportunity to long again if one has taken profit earlier or has gotten stopped out as stock went into this steep retracement. I would put initial stop loss slightly below the most recent pivot low (which will be the candle just prior to the wedge breakout). However bear in the mind the stock's momentum could be slower for now until the next catalyst appear. *Note that while a bullish divergence could materialize into a short term bounce lasting about 2 to 3 candles, it does not translate into a longer term trend change on it's own. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:META
by Juliac
SPX: Ready to Resume the Trend.• The SPX is bouncing, trading above the 21 ema, and there’s no top signal or reversal structure on it yet; • The next technical resistance is the gap area at 4,218, and as long as the trend remains bullish, we’ll get there; • The trend is bullish because the index is still doing higher highs/lows, and it is above the 21 ema (which is pointing upwards), despite the correction seen last week; • Only if the index loses the 21 ema, and does a low lower than the previous low (4,060), we would see a mid-term bearish reversal structure; • So far, the situation seems under control. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
SPX: This Channel Might Change the Trend.• SPX is inside a Descending Channel, as seen in the 1h chart; • Despite the bearish momentum in the 1h chart, the trend is still bullish in the daily chart, as the SPX is still doing higher highs/lows and it is above the 21 ema; • However, if it loses the 21 ema, or does a downwards breakout from this channel, then the bullish bias might reverse in the daily chart (mid-term trend); • On the other hand, the index would have to do a clear upwards breakout from this channel in order to materialize a bullish continuation pattern; • This bullish scenario would take us to 4,218, our next target, and an open gap from August last year; • For now, let’s pay attention on how the index will react inside this channel. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
Get ready for one more swing 🚀 🚀I want to set a buy limit in the CME GAP area that was created last January. Here are some of my considerations: • BTC will retest MA50 & MA200 support Which is already the Golden Cross. • At the same time it will close the CME GAP • Cup and Handle Formation will be formed • Also will be Inverse Head & Shoulders • RSI will also make a Hidden Bullish Divergence CME GAP at 28K is my target 🚀🚀 Sorry my bad eng 🙏 Do Your Own Research
Long
by MaxiCUAN
2
AMD - uptrend underwayAMD had a classic breakup (of both a neckline and its 200 day MA) on 1st Feb and then subsequently did a retest back to near it's breakup level on 10 Feb. The retest brought it close to but did not violate the "neckline" before it began to rebound rather strongly again last night. This served to validate that the neckline has now turned "support". I would go Long with an initial stop loss about $1 below its recent pivot low @ 80.40, and trail stops up at intervals to protect profits. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:AMDLong
by Juliac