Ahmedmesbah
$TSLA #TESLA On an important wedge.NASDAQ:TSLA #TESLA
Is currently testing a significant 4 years old wedge for the 3rd time.
The stock has lost more than 60% in the last 10 months.
Inflation and Tesla's layoffs are the obvious drivers for the recent fall.
Below current level, is a free fall to a hard to anticipate zones.
Keep it simple.
#AHMEDMESBAH
[Weekly] $AMBA #Ambarella is attractive.NASDAQ:AMBA #Ambarella
is currently testing a significant level. The lower wedge of a 10 years old extended channel . This is the 6th time the band is being tested. Even though testing a wedge several times weakens it. However, below it is almost a technical free fall zone to the 11: 12$ mark.
Keep it simple.
#AHMEDMESBAH
Has US #Inflation Peaked in May 2022?ECONOMICS:USIRYY A 107 year old interesting US Inflation rate chart from 1914. Technically speaking, inflation has come to an interesting range.
#USINFLATION
#INFLATION
#STOCKS
#AHMEDMESBAH
$FB 2 Possible Scenarios.296 is the last chance for bulls to keep the uptrend for NASDAQ:FB and is the distal line for the recent demand responsible for the last uptrend.
However, 299.50 could be an early sign, if breached then there is a chance to break lower than 296.
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#AHMEDMESBAH
$ADAUSD #Cardano Fans need to see this.A trader job is to react, not to predict. BINANCE:ADAUSD is meeting a hidden channel upper wedge where it has reacted several times for over a year. Its a big probability that price to react off it to the downside. If that's the case, it will either form a right shoulder and then rally again to try out breaking the same wedge or keep reacting off it to the downside till there is a strong catalyst to unfold.
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#AHMEDMESBAH
$BTCUSD #Bitcoin A breakout has Occurred! COINBASE:BTCUSD Fresh breakout of the recent descending channel is supporting the additional evidences mentioned before on weekly chart. I am anticipating a retest of 58k next few weeks. It is ideal to wait for the next weekly retest to buy from a cheaper price. If price retests the 200 ma once again, then watch out for the 47600 : 48000 zone.
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#AHMEDMESBAH
$BTCUSD #Bitcoin Weekly Plan!BITSTAMP:BTCUSD
Bulls are fighting hard, they need to defend the zone 46,500 : 45,500
Its a good sign that current weekly close was above 46500.
Next week is crucial for bulls, as they need any close above 46800 to prepare an impulsive wave and breakout the minor descending wedge illustrated above.
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#AHMEDMESBAH
$NAS100USD #NASDAQ100 [D1] Weekly Compass!NASDAQ:NDAQ Is now testing a significant zone meeting a fresh ascending wedge and a broken high "September 1st". Price has been consolidating range between 15600 and 16780 for 1 and half month. Anticipating a push higher for 1 more attempt to break the 16460.
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#AHMEDMESBAH
$HON [90% : 10%] [HONEYWELL INTERNATIONAL INC] Bearish Setup.NASDAQ:HON Price is currently testing 1 major wedge and the lower wedge of a broken channel, this is a significant zone for those who are interesting to go short. 1st target is 195, second one could be 184.
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#AHMEDMESBAH
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