Buythedip
OIL looking for potential correction?Not typical, long & stable upward trend on the daily chart has been going on for a while.
Hard to predict when the price will correct downward, but it is likely that it will happen, sooner or later.
What do you think about oil? Will the trend continue?
Old saying in trading, "trend is your friend" probably works also this time. When the price corrects down, I would buy!
BBIG Vinco Ventures down in the Pre-Market! Buy the dip?Vinco Ventures (BBIG) shares are down because its CEO and CFO resigned.
But the fundamentals are still there to see it aim higher!
BBIG aquired Lomotif Private Limited.
Lomotif, TikTok`s rival, is one of the top short form video platforms in the world with hundreds of millions of installs around the world and tens of millions of monthly users and over 31 million on-platform monthly active users.
Buying this stock could be like getting into TikTok early.
Third-party independent valuation shows the combined companies have a valuation over $5 billion as of June 30 according to recent private financing comparable valuation by Gemini Valuation Services.
Based on the Fibonacci extension tool, i see a 11.36usd price target short term and 500% upside one year term.
DASH CHART ANALYSISDASH is in a good place, I expect a breakout next week.
As we can see we have a strong trend so we need to wait for the trend and resistance breakout then we can buy dash and hodl a few days/weeks.
We also have 3 moving averages : 200ma - 50ma - 20ma and as we can see in the chart the 20ma crossed 200ma 5 days ago and the 50ma is closing in.
I expect the 50ma to cross the 200ma next week, so if you want, you can wait until moving average confirmation to buy.
I believe this is a good opportunity to hold a few weeks.
RISE TO THE TOPADA is on an overall uptrend when you look at it on a higher timeframe. Pipe information on the 2hr chart shows that buying pressure is coming soon. The next pump of Shiba inu will allow some momentum from this as well to follow. Many people believe in ADA. $71,664,998,419 market cap.
2.268 buy area after price passes recent supply
NIO - I will buy the dip at the end of this primary correctionHello traders and investors,
today we see one of the main Tesla (TSLA) competitors: the Chianese Electric Car NIO. Assuming that 12 January 2021 was the pick of a Primary Wave 3 impulse, I am looking at the last impulse wave (primary 5) after the completion of Wave 4 correction.
As you can see in the chart, I see 5 intermediate blue waves down and 3 waves up, hence I am expecting another impulse down to complete intermediate wave C.
Fibonacci cluster/confluence either around 23.6% or at 38.2% retracement of Wave 3. In the first case, we will have a wave C similar to wave A, in the latter wave C will be extended up to 1.618%.
No rush to buy the dip. Target Wave 5 is yet to be calculated.
Long on US 100 after resistance break and market driver
After 7+ validations and ~5% below record highs, the US 100 has broken an important resistance on the same day Senate GOP leader offered a short-term debt ceiling extension following Biden pressure.
There is a second hurdle to pass: Nonfarm Payrolls.
✅S&P500: BUY THE DIP? KEY LEVELS TO WATCH🚀
✅S&P500 broke out of the rising channel
And after the retest fell back to the breakout low
Just as I predicted in my previous analysis
Now, I personally doubt that this is the end
Of the Great Covid Bullish Rally
So following the buy the dip strategy
That worked so well during the last 2 years
I've Identified two key levels
One at -6.5% and the other at -11.7% from the all time high
The latter is a great level both technically
And also because its an important round number
A gravity centre for the options trading
The -11.7% correction is also big enough
To convince many institutions that its safe to buy now
Thus,If you are looking to buy
Watch these levels closely!
LONG🚀
✅Like and subscribe to never miss a new idea!✅
SWK is target for dip buying festivalBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on October 1, 2021 with a closing price of 173.87.
If this instance is successful, that means the stock should rise to at least 174.83 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.089% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 5.72% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 9.332% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 5 trading bars; half occur within 17 trading bars, and one-quarter require at least 37 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Walmart should lead the way over the next month of reboundBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on October 1, 2021 with a closing price of 137.05.
If this instance is successful, that means the stock should rise to at least 139.28 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 4.63% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 7.686% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 22.321% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 19 trading bars; half occur within 28 trading bars, and one-quarter require at least 35 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
US30 LONG TERM OPPORTUNITY BUY THE DIPNO IM NOT CRAZY
Hello Traders & Investors, here is my analysis for the US30 , let me know in the comment section below if you have any questions
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SPY: BUY THE DIPSPY: Long for the next 3 weeks
After some charting fun I made a few observations
~During the past dividends, there has been a big pullback which coincided with the previous 5% drop and this 6% drop. This could be a bearish indicator for future SPY contracts to keep in mind. Dividends = puts
~The previous resistance became the long term support ever since April. This, if SPY ever does break this resistance line without coming back, there are two gaps to fill which would be great Price targets (414.50-416) and (401.30-402.70)
~Using fractal recurrence, we can see that we may see a rise to probably around 449 before we see our next major pullback. The last 5% drop that followed a double bottom that we are seeing now followed this pattern, and seeing as to how this is a very similar fractal...Lord have mercy.
~Also keep in mind that the RSI is overbought rn and has also started curling up. Every time it has done this it has gone to overbought.
SOXX 1 year trendSemiconductors/chips continue to be an essential part of everything around the globe.
For a year, we have maintained an upward trend, which is being tested today.
There are clear outperformers in the industry, but it is clearly been working for all of them as a whole.
When we have touched the trend line in the past, we have had a 50 point gain, which has happened through 2 weeks approximately. That gives us a target of around $505.
btcusd double bottom, go long??!?looks like the double form pattern has passed the confirmation point and retraced with a bounce. macd is allowing divergence with a potential crossover to the downside however this showing off momentum is also needed for the pullback to confirm the double bottom.
i could see a further pullback to the 37-38k range i previously mentioned in an earlier post and this would confirm both analysis.
historically speaking, September is a down month for BTC and US stock markets and a further pullback in the coming week would be expected before a push to the end of the year.
btc looking strong. now is the time to BTFD
Algo is ready to launch!We remember that ALGO pumped for like 120% and I was ambushed for a pullback and a good entry point. here you are:
.
-Wonderful resistance at around 1.71$. you see how man times price reacted to this line!
-We are on fib retracement 50% resistance!
-We had a false breakout and a nice rejection
-On the weekly chart we see strong momentum
.
So, we can enter here with a small SL and huge TP like 38%
God bless you and me
SPX H4 - Ichimoku DailyHi Guys,
the above is Ichimoku daily applied to the 4H chart (54;156;312;156).
Also the daily moving averages 50 & 100 have been converted to show in the 4H chart (50=300;100=600).
Below the Daily chart with its standard Ichimoku (9;26;52;26) but without Chikou and Tenkan.
The opportunity was presented when price cleared the Tenkan(4H) outside the Kumo(H4) following FOMC into Kijun(D) or 50SMA(D).
If you have any question please do not hesitate to ask.
Thank you for your support and kind regards
Cozzamara
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you. Before you decide to invest in foreign exchange, you should carefully assess your investment objectives, experience, financial possibilities and willingness to take risks. There is a possibility that you will lose your initial investment partially or completely. Therefore, you should not invest any funds that you cannot afford to completely lose in a worst-case scenario. You should also be aware of all the risks associated with foreign exchange trading and contact an independent financial advisor in case of doubt.
BTC current support + potential re-testAs you can see from the chart, we failed to break out from the downtrend from 64K.
Current short-term support is 42K as this is the 4th test in 1 month. A break down below 42K, could take us into Range X ; which has its floor at 30K.
RSI is signaling further weakness as we break below the 50 level (drawn horizontally).
I want to note Bitcoin falling along-hand equity, means BTC cannot act as a safe haven; and should actually be considered a risk-on investment. As we notice Treasuries are the only thing up today.
Long Term Passive Investing, Buy the DipAnybody who invests with a long term outlook in mind (20 years +) needs to be able to handle significant draw down and volatility within their investment and resist the urge to increase or trim their positions. As has been observed and proven multiple times by almost every member of the trading and investing community, attempting to time the market without a clear, defined and proven strategy is a guaranteed way to loose money. For this reason if you invest based on the long term fundamental indicators of a company, index, currency, commodity etc, you need to ensure you remain in the market long enough to see the returns on your investment eventuate, unless of course the fundamental picture changes. This brings me to buying the dip. Most investors do not have the capital to make large single purchases of for example an SP500 tracking ETF such as the SPY. For this reason they will usually invest small amounts, weekly, monthly or quarterly. While this is an effective strategy and one that has proven to produce sizeable returns over the long run, its effectiveness can be improved by using simple technical indicators to concentrate your investments near the market lows rather than at random price levels as they happen to coincide with your regular investment timeline. In addition to their regular contributions it can be a useful strategy for an investor to consult an oscillator such as stochastics, rsi, williams %R, or a mean reversion indicator such as bollinger bands and allocate a percentage of their regular contribution to purchase additional equity when these indicators enter oversold levels. This is not designed to time the market as these indicators are by no means affective trading strategies on there own, but they will allow long term investors the ability to capture an extra few percentage points of ROIC by concentrating their purchases at lower price levels.
*Not a recommendation to buy or sell, simply for educational purposes*