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ATH

AAPL: New record high! What to do with it?Hello traders and investors! Yes, AAPL has been moving according to the technique, and now we see something new. First, it did a good pullback to the 1h chart today, and now it is going up again, as usual. The 21 ema is pointing up, and clearly we have a bull trend. In addition, we are defeating the ATH today. In the daily chart, we see that AAPL is trying to break the resistance at the ATH. As we discussed in my previous analysis, we were in a Trap Zone, between the ascending 21 ema and the resistance. Now that we are breaking free from it, AAPL has more room to go up. The volume is increasing again, reinforcing the bullish momentum, and only a very bearish reaction could make it drop from here, and do a pullback to the 21 ema again. For now, AAPL is just trending, and we see no pullback/reversal sign around. If you are afraid of a pullback, no need, as we lack signs price-wise. If you liked this analysis, remember to follow me to keep in touch with my daily studies. Have a good day.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
4
AMD Price Action and Volume AnalysisCould AMD be entering the second leg of it's breakout to all time highs (ATH)? (Side note: don't take this as financial advice, I'm just some guy on the internet) While I have already taken an aggressive entry on AMD this past Friday after it gave the signal that it was moving from a Stage 1 Trading Range into a Stage 2 Uptrend, I figured I could still describe what I am seeing unravel before us and what I expect to happen/what my plan moving forward will be. After AMD's strong breakout to ATH, we saw AMD finally lose steam and enter a Stage 4 Downtrend. This downtrend continued with little bearish pressure compared to the rally that came before it. Signifying to me that even the bears expect this to continue to move up in the future and were simply looking for small profits here. We got the downtrend to bottom out near to 50% mark of the first rally. The first sign of a reversal out of the downtrend that stuck out to me was the first bull wedge that finished forming with an overshoot of the trendline at the end. This represented climatic selling and exhaustion. This bull wedge was followed by strong buying by the bulls and transitioned us into a Stage 1 Trading Range where the bulls and the bears had equal strength. Bulls would buy at the bottom of the range and sell at the top while bears would short at the top and buy to cover at the bottom of the range. Notice the two bull wedges inside of the Stage 2 Trading Range. This let's us know that the bulls are gaining strength and the tide will turn eventually. Another signal that points to the turning of the tide, is the double bottom re-test after 3 bull wedges. This lets us know that the bears are weak. They have attempted to push the stock lower multiple times, but each time are overpowered by the bulls. Eventually, the bears are going to step aside because they are tired of being beat and losing money and will let the bulls take control. This then transitions us into our Stage 2 Uptrend, where the bulls have now taken control (for now). We can see a bull trend bar that is breaking above the Stage 1 Trading Range and the EMA. The bull trend bar closed near its high and had huge volume. Indicating the ignition of a new stage. Currently, there is a bull flag forming that looks as though it will have a High 2 breakout. Contained within this flag is low bearish pressure, indicating the majority of bears are still stepping aside waiting for the bulls too cool off. As I mentioned earlier, I have already taken a position on this swing on a lower time frame (LTF). This was taken with a half lot (half of my normal risk) since this was an aggressive entry. Once my trade moves 1 Risk Unit (1R) in my favor, I plan on buying another half lot to get full on my position. From there on out, I will add an additional lot to my position for every Risk Unit the trade goes in my favor. Additionally, I will trail my stop loss 1R below the current price. For example, If this trade tags my trailing stop at 5R, I will ultimately walk away with a 12.5R profit due to my additional lots purchased every time my trade moved 1R in my favor. A 12.5R profit would be equivalent to a 12.5% Return on Investment since a full lot for my is 1% of my account size.
NASDAQ:AMDLong
by Trade_Soup
SPX: New record high! How to proceed?Hello traders and investors! Let’s see how the SPX is doing today! Once again, we have a new record high, as usual. This is natural, as we have a strong and solid bull trend. Notice how the 21 ema is a reliable support level too, and as long as it keeps above it, the trend will be very bullish. The red line at 4,429 is another technical support, but there’s nothing indicating that it’ll drop to this point. Let’s see the daily chart: The index denied all its possible bearish signs, and it just resumed the trend. And the recent movement reinforces our idea that the 4,429 is the main key point here. As we discussed in our last study, I prefer to use this support to guide myself. If you are on SPX, and are nervous about it, you may just wait for a bearish structure in the 1h chart, like a bearish pivot point or any bearish chart pattern and let the market cash you out. I wouldn't use bearish candlestick patterns in the daily chart, as they fail most of the time. In addition, if the index loses this red line we’ll see a decent pullback. But for now, no bearish structures in the 1h chart, and no bearish signs in the daily chart. I’ll keep you guys updated, and in this case, remember to follow me to keep in touch with my daily analysis. Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
5
DOW a higher high move 🦐DOW on the daily chart closes the last trading day of the week pushing higher. The price after a consolidation retracement below the previous highs created a nice impulse. According to Plancton's strategy if the market will retest the structure and satisfy the Academy rules we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
FOREXCOM:US30Long
by InkyGrip
22
What to look for $WDAYChart analysis Workday had a big uptrend since the Covid-19 Crash. But as we saw in November 2020- May 2021 there was a head and shoulders formation and price traded pretty much sideways. Buying side: -find a lot of support in the red area (9x) -huge candle with 2 times big wick underneath (bullish) -above 20+50 SMA Selling side: -under 100+200 SMA -intact downtrend since February -breakout of a potential triangle formation (violet/white lines) RSI: not clear MACD: the daily not clear, weekly tendency to uptrend, monthly t. to downtrend I next days will be important to watch. What I would be looking for as a buyer is that prices goes above the downtrend line (violet) to get this confirmation of an new uptrend. The second thing is that we get above the SMA 100 (blue line) and this more than 3 days. This would be in the range of <240$. It could be your first entry but your stop lost must be very tight to the SMAs. Target could be new ATH (+17%) in a matter of weeks. Profit exit could be the 249$ (Sep. ATH), too. Second idea would be to invest over the resistance of 249$. It is a 3,5% difference to first idea but I would say a safer play because we would be beyond the September ATH and therefore have a more valuable buy signal. Target would be new ATH (+13,5%). Alway expect small corrections the way up. They are most likely connected with support/resistance lines I draw. Fundamentals: Seeking Alpha article by Gary Alexander „In my view, Workday's rally is nearing an end. The company has hit a fairly rich valuation at ~11x forward revenue, despite the fact that revenue growth is slowing to the mid-teens and margins are expected to deteriorate following a hiring spree. With a saturated market, I don't see much opportunity for Workday going forward.“ Source: seekingalpha.com
NASDAQ:WDAY
by Chrlstlan
1
BTC/USDT Update: Is Phase E already here? 48k$ and 60k$ nextIntro: - Btcoin broke out of it's downtrend indicated by the yellow line. - The last three times we did take a look at the Wyckoff accumulation pattern and it seems we finally are moving towards Phase E. - Guys please give me some feedback to improve my charts, analysis and commentaries. Daily chart on the left hand side: - The volume continues to increase which is bullish . - On the RSI side we finally got above the 50 line and crossed the yellow line which indicated a downtrend. - The next resistance lines are at 48k$ and the 60k$ so we still have a lot of room to grow. 4h chart on the right hand side: - We see a golden cross indicated by the yellow camera. - BTC broke the 44k$ and shortly also 45k$ level which are flash signs that we move towards Phase E since the last resistance for the Wyckoff accumulation is around 43k$. Expectation: - We expect a pullback to retest the 43k$ and 44k$ line and look for support. - Afterwards there is not much resistance between here and 60k$. So it could be a fast ride. - We expect to hit the old ATH soon within the next two months. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
AAPL thought progression.this is my idea of what is happening with apple. It's important to understand what my thoughts were leading up to current price in order to understand what potential biases I might have carried with me for too long, or ignored to detriment. But it's a nice bull flag pattern. This is my favorite pattern, and I am fully convinced traders could eat well trading this pattern alone, were they so disciplined. I would personally suggest looking for bull flags on the lower time frames. They appear more frequently, and you can often catch the beginning of an impulse.
NASDAQ:AAPLLong
by emehoke
SP500 ready for a new ATH 🦐 After our last analysis, SP500 reached the 4400 level as expected. The price is now consolidating in a range above the previous highs and we can expect a fresh new high. According to Plancton Strategy if the price will break above we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:SPX500USDLong
by InkyGrip
19
Yes Bitcoin is going up, but only to come down again !Let me keep it real simple, I’m a price action trader, what this means is that I study charts and try to predict where price would go next (using minimal risk). That means I rely on the information on the charts for price prediction. As a price action trader I rely on past data for price prediction, using support and resistance, and generally just watch what price is doing in this present moment. Now back to Bitcoin, this analysis is based on the huge bearish move that happened in 2018 after its ATH at 20k. Price came all the way down to 4K before the rally up and then coming back to test the 6k-4K zone again, gracefully, the 6K zone was a great support, and price slowly started to climb till it got to its new ATH at 64k. Now from the 64k ATH, we have seen another huge bearish move that brought price down to the 28k zone which has held as a strong support and price has started to rally. I expect price to repeat its move from 2018, which is respecting the 0.618 Fibonacci Retracement level… If this plays out, that means price would be going up to test the 51k zone, maybe the 58k again which is the 0.786 of the Fibonacci Retracement ( which could be a trap for those hoping BTC just flies to 200k and other outrageous numbers) so I would expect huge rejection at this level too, just like it did back in 2018. If this plays out this way, price would come back down to retest the 28k zone, before rallying to make new ATH… If this Zone doesn’t hold as a strong support ( which I’m hoping it doesn’t, because I think BTC still needs some correction).. it would drop to the 19k and maybe the 13k if the 19k doesn’t hold as a support.. * ATH means all time High * BTC means Bitcoin * The Teal green arrow on the chart is the 0.786 Fibonacci retracement. * The blue arrow is the 0.618. * Fibonacci retracement is a tool that predicts where price would retrace to after a huge bullish or bearish move. All of this analysis are just my predictions, price would still do what it wants to do, and that’s why I’m on the sidelines for now, till I see price action confirmation that I should enter a position… Always trade with caution !, don’t over leverage !
by clemzyprettyboi
3
Bitcoin Weekly: Historically SpeakingFor this update, i've used Bitstamp's Bitcoin Weekly Chart to create my hypothesis. I've researched the weekly price chart as far back as August 15th, 2011. Since my last posted idea, we've seen Elon Hype help boost BTC's price some. However, historically, this movement was expected. Trigger: -BTC W closes below 34EMA Effect: -50EMA is tested, price rebounds, 50EMA is tested again and fails -if price is below the 50EMA, the 100EMA will also fail at support -price then goes on to test the 200EMA multiple times and eventually recovers Conclusion: 1. After BTC Weekly closes below the 34EMA, there has been a minimum of 1,000 Days+ before price reclaims previous highs 2. A rebound off the 50EMA is needed before a retest will fail sending price to the 100EMA 3. Should the 100EMA fail at support, multiple tests of the 200EMA will occur prior to a rebound in direction Target Prices to Look For: -$52,289 - if price closes at or above this previous high, this will be a strong confirmation BTC will go on to form newer ATHs in a month+ -$32,689 - when this price fails at support after a retest of the 50EMA, BTC W will slowly slide to the 100EMA -$20,638 - a rebound off the 100EMA price PLUS a close above the 34EMA is needed for a recovery in price direction The recent price action in BTC Weekly was expected. A rebound off the 50EMA could see price above for approx. 63-126 Days before retesting and ultimately failing to find support. When this happens, BTC will then fall to the 100EMA which could act as support. April 12th, 2021 was the last BTC ATH . Historically, there's been 1000+ Days between ATHs after this trigger i've noted. This equates to January 7th or beyond, 2024. Bitcoin's next halving is scheduled for Spring 2024. BTC will reclaim $60K+ around August 2024 - January 2025 if the trend remains the same after the next halving. *** 50EMA retest and fail (approx. $32,689) towards the end of September or sooner *** As previously noted in my last idea (All Good Things...) these indicators cannot take in account for how Elon's words may move the market. ...more of his FUD/Hype will determine if BTC will repeat history, or break it. 2021 has already proven that.
BITSTAMP:BTCUSD
by TADaracus
1
DOW ready for a new ath 🦐DOW on the daily chart after the recent retracement at the 0.618 started a new strong bullish impulse. The price is now trading below a resistance structure at the all-time highs. According to Plancron's strategy if the price will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
FOREXCOM:US30Long
by InkyGrip
10
MRNA Low Risk Short PositionMRNA is hillariously overbought, with stochastics, EMA's, bollingerbands, MACD, and RSI on the daily chart all showing prime conditions for a short position. Here's the chart showing those indicators: I am going to be watching this on Monday and throughout the week, looking for a short position entrance. I played it on Tuesday for a nice $50/ share short with similar technical indicators. Hoping to duplicate that again this week. Might go debit, might go credit, not entirely sure how I'll play this yet. IVR is somewhat high for a credit trade, and since they have earnings coming up, I imagine that will continue to increase. For that reason, a debit trade might be the winner here. That said, if IVR collapses, that will hurt my trade. Still formulating the exact plan, but I am going to play MRNA short in some capacity. I am anticipating a retracement to the $300.00 / level in the short term at $250.00 in the next few months.
NASDAQ:MRNAShort
by PureDelta
5
BTC analysis: Why 20k could be the bottom.NFA NOT FINANCIAL ADVICE. This is just my personal point of view. Hello everybody, in this analysis I've chosen to use the basics: Stoch RSI, MACD, RSI... Along with other tools like: Log Fib, Bottom Ind, Etc. First of all, I'd like to explain what kind of info can be retrieved from this chart. This chart notices about one clear as crystal thing: BTC price tends to go upwards with time, and that price increase tend to desaccelerate with time, also known as diminished returns . Next thing that should be explained is when BTC resumes an uptrend and when it does the opposite. That would be the identification of "cycles". According to popular media, BTC usually increases its price once it's getting closer to its next halvening date and to summarize the theory, BTC has four year cycles as a cyclical asset. My view is that BTC is effectively a cyclical asset where those c ycles are getting extended / longer and that sooner or later, probably by 2024, that extension of cycles won't fit with halvening dates. So what is going on? It' easy to spot that BTC went superbullish from its inception in 2009 to 2011, then crash, then first halvening, then a first "middle cycle peak" by 2013 and after a massive crash a new upward trend pushed the price to a new ATH by early 2014 as a "final cycle peak". Then same history repeated, price went downwards til next halvening which happened in 2016 and a massive bullrun by 2017 which was stopped by some big correction in the summer of that year. Then you got bear period for a year, a great bullrun by early 2019 summer and then our "current cycle" started. To avoid overextending this, what is my point ? My point is that "mid cycles" doesnt exit. Every main cycle has a bullrun, a bear season, and a resume for another final bullrun; and those trends are getting shorter as you can see in the chart checking the measured time bars. What does this mean for the average guy? Well, it's going to be harder to spot if you are in a bullish or bearish trend, but the good news is that those trend are gonna last a little less than previous ones. Whom benefits this? That's easy. Investors and good traders. Average trader is the only one losing here as he wouldnt know what is going on. In this main chart, you can see a log BTC/USD view using a tool which has recognized extremely well the bands which BTC has been using consistently as supports and resistances for its entire history. The black lines are the edges between what we should consider the top and bottom. Any candle going higher than the upper black line would be an extraordinary event pushed by extremely welcomed good news. On the other hand, any candle going lower than the lower black line would be an extraordinary event pushed by extremely spurned bad news. To date, upper black line has never been broken. On the other hand, lower black line has been pierced one time before when the uncertainty took the stock market back in March 2020 and after a massive black swan event and consequently crash, the fear spreaded to crypto market. To summarize this, only another black swan event should be able to drop the price below the black line, and in fact that event would happen, there are extra support zones which should stop the crash as it did back in March 2020. As you can see in this zoomed chart, even if that black swan event would happen this week, price should keep above 12k. And if everything goes well, price should s top crashing around 20k . s3.amazonaws.com Weekly Stoch RSI showing up longest downtrend that it has ever experienced. It's worthy of attention to realize about that every time BTC has touched these levels, Stoch RSI has bounced off providing at least a relief rally. s3.amazonaws.com Weekly MACD showing up biggest crash ever for MACD levels, hitting lowest point ever for BTC. This metric shows up a possible reversal for the short-term as relief-rally and a feasible macro-trend change for mid-term as most optimistic scenario. s3.amazonaws.com Weekly RSI showing up a multiyear weekly rsi support. Any support or resistance drawed line requires at least three pivot points, so there are big chances about RSI could bounce off from that point. s3.amazonaws.com Daily RSI showing up a multimonthly daily rsi resistance. As you can see, this chart summarizes pretty well how every pump attempt from previous wave downwards has concluded as a weaker pump than previous one as that is being translated in that RSI trendline which so far has been unbreakeable. Irretrievably, this trendline will get pierced sooner or later as even if the same trading loop keeps happening, the RSI would be pushed every time closer to the bounce-off point edge. s3.amazonaws.com
BITSTAMP:BTCUSD
by diversionlulu
5