Hello traders and investors! Let’s see how SPX is doing today! Let's do a complete multi time frame analysis (MTFA) as usual, by looking at the hourly, daily and weekly charts! The hourly chart is showing some signs of weakness, and it seems it is doing a H&S chart pattern . I see the black line as the most important point right now, as it was the previous top,...
Evening Traders, Second Analysis – GOLD – approaching key Local S/R where a technical bearish retest is probable. Points to consider, - Rising Wedge (Bearish) - Local S/R Resistance - 200 MA Resistance - .618 Fibonacci Confluence - 21 MA Dynamic Support - Oscillators Technical Divergence GOLD’s immediate Price Action is trading in a rising wedge,...
Hello traders and investors! Let’s see how Tesla is doing today! Tesla is following the good mood seen in the US stock market and is going up nicely. It defeated its resistances at the green line, and the purple line, which we discussed about yesterday, and now the next target is the $ 461 in the hourly chart. We may see pullbacks along the way, and this would...
Evening Traders, Today’s Analysis – USDCHF- breaking key Daily S/R, holding structure will change the local trend. Points to consider, - New swing high - Daily S/R Support (200 EMA & .618 Fib) - 21 MA Resistance - Oscillators Divergence - Volume Below Average USDCHF’s Price Action has established a new swing high above Daily S/R. This shows strength in...
Hello traders and investors! Let’s see how Tesla is doing today! We still didn’t see a good breakout from any of the points we discussed yesterday, but it seems the green line is going to be defeated soon. The 21 ema is going up and should work as a support in case of a pullback. If Tesla loses the 21 ema, the red line would be the next target for the...
Hello traders and investors! Let’s study Apple today! In the short-term, AAPL is engaged in a bull trend, and right now is doing a time correction , meaning that it is moving sideways, just waiting for the 21 ema to hit the price. This is different from a pullback, which the price hits the 21 ema. Also, we might have a Breakaway Gap here, but it is too soon...
Hello traders and investors! Let’s see how Tesla is doing today! We have a short-term bull trend in the hourly chart, as the 21 ema is pointing up and it is trading above its supports, namely the red and blue lines, which are strong price levels for Tesla. For now, the green line at $ 428.08 is the next resistance to be defeated, and above this point, the...
Hello traders and investors! Let’s see how AMZN is performing today! In the hourly chart we have a Symmetrical Triangle , and it could do a breakout in any direction, so we need to work with some scenarios. A downwards breakout would lead AMZN to $ 2961 again, which seems to be an important price level, as it is a previous support , and is the same point...
Evening Traders, Today’s analysis – SPY- confirming support on Daily S/R, short term bounces are likely to respect .618 Fibonacci. Points to consider, - Bearish price action - Daily S/R (Support) - .618 Fib Resistance (21 MA Confluence) - RSI below 50 - Stochastics buy cross - Volume below average SPY’s immediate price action is bearish from swing high;...
Hello traders and investors! Let’s see how Apple is doing today! First, AAPL is doing a pullback, as we’ve been warning here since the beginning of this month (links to previous AAPL analysis below) and the hourly chart is still very bearish. It lost the support around the pink line at $ 110, and now it is trading under the 21 ema, doing descending tops and...
Hello traders and investors! Ok, Tesla did a fantastic movement today! Let’s see what’s going on with it. First, the hourly chart suggests that Tesla just did a retest of one of its supports (red line around $ 408) and the price bounced up again above the purple trendline and above the 21 ema, and only if Tesla loses these two points the bull trend will get...
Evening Traders, Today’s analysis – Scalp opportunity on BTC, following are technical points to consider, - Range low double bottom - Dynamic Resistance breached - .618 Fibonacci retest - 21 MA support - Range high target A double bottom deviation back into range shows demand below range support, this is considered bullish. The Dynamic resistance in...
Evening Traders, Today’s analysis – ADAUSDT – likely to retest lower weekly S/R before trend continuation, price action is currently bearish. Points to consider, - Local S/R Flipped - 21 MA Resistance - Oscillators below 50 - Below average volume - Lower Weekly S/R Retest ADAUSDT has lost local S/R, any rallies into it are considered a bearish retest,...
Evening Traders, Today’s analysis – SXPUSDT – breaking dynamic resistance with swing high immediate target, local S/R must hold as support. Points to consider, - Local S/R Flip retest - Dynamic resistance breached - 21 MA support - Oscillators above 50 - Volume below average SXPUSDT is trading above local resistance, respecting this level will confirm an...
Evening Traders, Today’s Analysis – BNBBTC – respecting weekly support and breaking above a key daily level, swing high is the immediate target. Points to consider, - Local trend impulse sell (oversold conditions) - Macro weekly support - Technical confluence (.618 Fibonacci & 21 MA) - Oscillators overextended - Volume below average BNBBTC impulse sell...
Evening traders, Today’s Analysis – XLMUSDT – breaking its neckline resistance, a retest will allow for a long entry with defined risk. Points to consider, - Trend bullish (higher lows) - Macros resistance breached (H&S Neckline) - 21 MA support (visual guide) - Oscillators overextended - Strong volume influx - Neckline retest (long entry) XLMUSDT’s...
Evening traders, Today’s Analysis – BTCUSDT- a probable swing trade, signs of a short term bullish bias as price shows strength, breaking dynamic resistance is a long. Points to consider, - PA Demand (.618 Fibonacci Level) - Dynamic resistance/support converging (Apex) - 21 MA visual guide - Oscillators diverging - Volume below average BTCUSDT’s price...
Today's analysis – ETHBTC – consolidating at local support, nearing its apex as resistance converges Points to consider: - Trading at a key level (Apex) - 21 EMA (visual guide) - Double bottom - RSI neutral - Stochastics overextending - Flat volume ETH is trading at a key pivotal level, as support and resistance converge, a break in either direction is...