APPL
XAUUSD - CFD - 30 July 2021Hello Traders , this is the opportunity to enter a sell trade in XAUUSD, I don't offer you to take this, This is not a signal. Just a technical analysis.
so as we can see this sharp movement touched a good Supply zone and just made candle stick pattern and a bit reversed and I'm waiting to see a priceaction pattern in here like wedge , triangle or something else in lower time frame, after i see the good confirmation I will enter this trade.
Have a great day.
-ASFX
AAPL potential triangleAAPL puzzles me a lot. So I tried to draw some options how the leg up can unfold.
It seems the paper can be contained in the form of triangle or morph to wedge. But the core idea it should consolidate before initiate another leg up. For me the previous low (we had just last Friday) or 140 are the keys. The logic tells me some kind of consolidation before the earnings is an option.
This is just a rough assumption since we have no clues for now.
Personal Forecast 12th July 202112th July 2021
I am personally very bullish on APPL, it has been a reliable stock over the past couple of years and has always brought a solid green light to my portfolio. That being said, it should be obvious that I am bullish on this stock.
What I have observed in the market since September of last year, APPL has entered into a channel that has been building itself up in the daily graph but as far as I can see cannot be confirmed since it has not been completed yet. Zooming into the hourly, we can observe that in the month of June, the ticker has been building itself a bullish channel which price has recently broken itself out of. Furthermore, the stock's price action has rocketed past the previous resistance at 137 as well as easily broken through the older resistance that sat at 145. This in my opinion is a very bullish sign if we're only considering what is occurring in the price action.
Now looking at indicators, starting from the weekly graph we can see that the general trend appears to be bullish and we have some room left before reaching overbought levels on both the RSI and the Stochastic indicators. Zooming in, it is evident that price is overbought on the Stochastic, but the RSI like before has a bit more room to run; note that although the indicators may spark sell signals due to price reaching overbought levels, it is not the most accurate as it cannot take into account economic or psychological variables. Thus, we must take it with a grain of salt if we are to successfully trade it.
Now with this rough information, I can conclude a few cases for price action in the coming weeks. Due to the volatility in the markets here are my scenarios:
Optimistic:
IF everything goes smoothly and there are no significant negative news or outcomes. I forecast that irrationality might be able to drag the price to the 148 to 152 levels before exhausting itself. From there we will see a slow in bullishness and a test of the resistance turned support.
Neutral:
I expect in my neutral case that the price might not rise as significantly as positively as I hoped and that the hourly channel might become a broadening channel. In this scenario, I believe that the hourly support of the channel will be retested, where from there we will require a bit more information.
I don't really have too much time to go into too much depth but here is my forecast. Note that this is all my opinion and none of it is financial advice, therefore I am not liable for any decisions based on my forecast. Thanks for reading! Criticisms and comments are all welcome.
Is this the end of the Feds Pump & Dump?The media and CORP bond market are apparently not effected by the news of the Fed planning to start selling their CORP bonds since purchases began in Mar 20.
www.reuters.com
The correlation between the FED corp bond buying and mega cap stretched valuations.
The entire market is overbought if you look at the S&P 500 P/E , Forward P/E maps.
Covid is not going away. You think anti-vaxxers were bad before the pandemic?
Inflation AMEX:RINF .
Micheal Burry is Shorting again.
Rise of the MEME stocks. There really should be an ETF for these.
Hedge funds looking to Archegos each other.
Corp. Cyber Security breaches and Ransomware growth.
China trying to change their world image.
Billionaires are racing to build rockets to get off the planet.
Billions lost in crypto bubble.
Housing market looking like a bubble again (Canada ready to pop).
California is one forest fire & tax hike away from being hell.
AMZN - STOCK - 10 June 2021Hey Guys, How are you doing?😎
This is my Idea and technical analysis for #AMZN , On the lower timeframe we have a Wedge Pattern which is broken now and price is going to Pullback on it then after a good confirmation I think price going to reach $3350.50 as soon as possible, hope you Enjoy.📈
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AAPL Head&Shoulder Update - Wave analysisAn update on the APPL head&shoulder ...I had to dignify and justify the previous analysis with market principles ,which of course is the powerful Elliot wave principle ,and currently we're on the corrective down-turn . All fibnacci levels have been respected in the course of the 5 wave structure thus substantiating the expected bearish move, however the prevailing sentiment for this stock is ''Long term buy'' ,but considering the fundamental facets of Apple Inc is that having them produce a self-driving car and not showing progress in their ascending iPhone models will somewhat result in a decline on revenue and balance sheet and the bearish pressure will accentuate and hopefully prevail.
Note : This information should not regarded as financial advice ,rather an opinion of my own based on my perspective and financial market knowledge!
$MSFT Support Bounce or Shoulder Building 6/7We are in pivotal part of the market where investors or unsure and fear is aplenty. That being said I always trying to come at the market as a day trader and swing trader without being emotionally attached to a stock. I like certain stocks on fundamentals and will buy them again long term, but as a day trader I am only in search of weekly or monthly flings. Those profits go into long term accounts that are mostly sitting in cheap leaps or fundamentally sound stocks with long hedges.
All that being said we could see $MSFT go both ways, and until I see a break I'm not going to pretend that I know what i will do in a supply zone. I have received some flack for my "both ways recently" but during a time of great fear its better to leave your emotional bias at home and look at where things could get messy and be honest with yourself. Just some advice for those of you day trading and if you are in stocks long term, use that same approach to hedge yourself correctly.
Good luck !
How is life going for the big 5? FB/AAPL/AMZN/GOOGL/MSFTToday, we will look at the 5 major companies from the S&P500, and we will check how everything is going for each of them.
Our first analysis starts on Facebook. After breaking an ascending channel that comes from 2014 and a huge corrective structure on the edge of it. We observed a clear breakout, and currently, the price is very close to making a new ATH. Using Fibo extensions of the biggest corrective pattern, we can create two targets. We are getting close to the first one, and we have a long trip towards the 2nd one.
APPL time. The price has been ranging since august 2020 without providing clear signals of the future direction of the price. By the moment, we can define a clear range, a broken descending channel, and a possible bearish corrective pattern (ABC). The real direction of the stock will be defined once the support or the resistance is clearly broken with a Weekly Candlestick.
MSFT time. We are inside a clear ascending channel with multiple corrective patterns that have been broken, making new Higher highs and new higher lows. Using Fibo Extensions on the Massive corrective pattern we can define two targets. The first one has already been reached. The other one is far away yet. However, we expect a bullish movement after the breakout of the last ABC corrective pattern.
AMZN time. As well as APPL, amazon has been ranging since September 2020. A few weeks ago, we had a breakout of the massive structure. However, we dint observed a new bullish movement. So, we are in the range again. This analysis was activated for us, and we have an invalidation level below the structure. IF our view is correct and a new bullish movement comes, we should see something proportional to the current correction, which means targets on the first and second fibo extension.
Finally GOOGL. The price has broken an ascending channel and currently is above. Here we have two scenarios either the price is extremely out of boundaries which means a re-entry to the broken channel. Or we are in the middle of a new acceleration. As we can see, we had several corrective patterns, and every breakout meant a new higher high and a new higher low. Following that logic, we draw two targets using fibo extensions on the last corrective pattern. We can see a final target at 2700. If the analysis does not go as expected, we can define an invalidation level below the structure.
Thanks for reading! We would love to see your daily view of these 5 big companies.
AUDUSD - FOREX - 23 May 2021Hello Traders!
I wish you a wonderful week.
In #AUDUSD The price Is being squeezed and in here we have a triangle pattern and we should wait for breakout for entering any trade.
The Price is on 3 Support zones.
I showed you 2 scenarios.
Look at this chart screenshot too:
BE SMART!
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