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TSLA: Key Support Levels and Potential Breakout (1H/D charts).Hourly Chart: Critical Support at 167.75 The hourly chart for TSLA highlights a crucial support level at 167.75, reinforced by the 50% Fibonacci retracement, marked in yellow. This price area acted as a support twice, one time in May 10, and another one in June 11, indicating its importance. The purple ascending trendline suggests a potential upward movement if the support holds. However, the resistance level at 186.88, marked by the black line, must be closely monitored as it has repeatedly acted as a barrier to price advances. Daily Chart: Congestion and Key Levels On the daily chart, the congestion zone around 167.75 is evident, indicating a period of price consolidation. This congestion area suggests indecision in the market, often preceding a significant price move. The key resistance at 186.88 aligns with the hourly chart, making it a crucial level for us to watch. A break above this level could signal a potential breakout, while a failure could lead to a retest of lower support levels. The 186.88 level is a significant resistance point. A break above this level, confirmed by strong volume, could indicate a bullish breakout, providing a potential buying opportunity. If the support at 167.75 fails, the next significant support level is at 138.80, marked by the black line. This level should be monitored for potential buying opportunities if prices decline further. Key Considerations - Support Holding: The double support at 167.75 has shown strength. Its ability to hold in the future will be crucial for any bullish scenarios. - Breakout Potential: The congestion and repeated tests of resistance at 186.88 suggest a significant move is imminent. We should be prepared for a potential breakout or a sharp move downwards if resistance holds, and if its price misses the short-term support lines seen on the hourly chart. Conclusion The TSLA charts suggest a period of consolidation with critical support at 167.75 and resistance at 186.88. We should closely monitor these levels for potential trading opportunities. A break above the resistance could signal a bullish move to the $206, while a failure to hold support might indicate further downside. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “ To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate. ” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
TSLA: A Dangerous Congestion!Daily Chart: Congestion and Key Resistance Levels The daily chart of Tesla, Inc. (TSLA) shows the stock in a congestion phase, marked by sideways price action within a range. The 21 EMA, currently at 177.22, provides short-term support and resistance. This congestion phase indicates indecision in the market, where neither bulls nor bears have taken clear control. A significant resistance level to watch is at 186.88. The price has tested this level a couple of times but has not been able to break above it convincingly. A breakout above 186.88 would suggest a potential bullish move, targeting higher resistance levels around 205.60. Conversely, a failure to break this resistance could lead to further consolidation within the current range. On the downside, key support is found at 167.75. This level has provided a floor for the recent price action, and a break below it could signal a bearish continuation, possibly targeting lower levels around 138.80. Weekly Chart: Fibonacci Retracement and Key Support Levels The weekly chart provides a broader perspective, highlighting the significant drop TSLA experienced and its subsequent recovery attempts. The 21-week EMA, at 183.85, is a critical resistance level that the price is currently hovering around. Staying above this EMA could indicate strength, while a drop below could suggest further downside potential. The Fibonacci retracement levels drawn from the recent high to the low show important support and resistance areas. The 50% retracement level, around 169, aligns with the daily support at $167.75, and acts as a crucial support area. Support levels to watch include the 50% Fibonacci retracement around $169 and the lower level at 138.80. Holding above the 50% level would suggest a potential base forming, while a break below could see the stock revisiting lower levels. Conclusion: Monitoring the Congestion and Key Fibonacci Levels TSLA is currently in a congestion phase on the daily chart, bounded by resistance at 186.88 and support at 167.75 area. The stock needs to break out of this range to signal a clear direction. On the weekly chart, the 21-week EMA and Fibonacci retracement levels provide additional context for potential support and resistance areas. A breakout above 186.88 on the daily chart could suggest a bullish move towards 205.60, while a breakdown below 167.75 could indicate further downside risk. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
Double top formed near the ATH is breaking downBy March '23 gold did a strong breakout near the 2000 quote. After that, the prices did not continue to flow and stucked inside a congestion at that level. At 04 May '23 the prices tried to overpass the previous top but failed. This failure gave us a doji candle, at the previous top, a very bearish signal, and besides that, it also gave us a double top formation. The congestion kept going for some more days until a sequence of bearish candles appeared (16 to 18 May '23) breaking down the support of the previous bottom and confirming the double top formation. As I have posted before here , I have started a long term position in gold, and I remain bullish in it. But the chart gave us these bearish signals that are too strong to be ignored, so I decided to hedge via futures contracts and started a short trade at the 1981.60. As the GC is a heavy contract for margin purposes, I'm actually trading the micro gold contract (MGC). This price level is basically the same I did my entry at the spot through GLD, so my resulting position is currently neutral. That is, if prices fall, I profit in MGC and loss in GLD, on the same proportion; if prices go up, I profit in GLD and loss in MGC. And giving up this profit if it goes up, is my cost for this hedge. If I stop the GLD I get short directional, otherwise, if I stop the MCG I get long.
COMEX:GC1!Short
by thessia_
SPX: A Short-Term Congestion | What's Next?• The SPX is trading inside a range, between 4,148 and 4,099. Only a breakout will bring something new; • The 4,099 is a Double Bottom, and if the index loses this key support, we might see it correcting to the next support line, at 4,029, filling the gap at 4,072 in the process; • However, the SPX is still trading above the 21 ema on the daily chart, indicating that it has decent chances of resuming the bullish sentiment – it just has to break the 4,148 to confirm this thesis; • In this scenario, mid-term speaking, the next technical resistance at 4,195 would become our next target; • For now, let’s wait for more signals. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
QQQ: A Dangerous Chart Pattern Appears.• QQQ is trading inside a range, between the resistance at 321, and the dual-support area made by the 21 ema + 313; • Only a breakout would bring something new. If QQQ triggers an upwards breakout, it’ll just resume the bullish bias, and seek the next resistance at 334; • On the other hand, if QQQ loses the dual-support level, it would trigger a Double Top chart pattern, and in this scenario, it could easily correct all the way down to the304 again;; • So far, there’s no breakout yet, but QQQ is approaching its dual-support area. It all depends on how it’ll react around here. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
TSLA: Lots of Technical Movements.• TSLA is still trading inside a congestion, between the resistance at $200 and the support around $186 - $187, which we talked about in our last public analysis (link below this post); • Yesterday, TSLA did a downwards breakout from an Ascending Channel (purple lines), just to hit its support at $186 again, and now, TSLA is retesting the bottom of the channel as a resistance, as evidenced by the last red line; • This movement follows the Principle of Polarity, which states that previous support levels are supposed to work as future resistance levels, and vice-versa; • Despite the good reaction above the 21 ema, this alone isn’t good enough to make TSLA fly again. • In the daily chart, we see a series of 6 bearish candlesticks, while it is just moving sideways. This is a sign of weakness, but as long as TSLA remains above its key support at $187, and the 21 ema, the trend will just remain sideways, not bearish; • In order to do something new, TSLA needs to do a clear breakout from this congestion. So far, there’s no evidence pointing towards any direction, but probably we’ll see something new soon. • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
TSLA: Very Dangerous Situation.• TSLA is still dropping, and although it is in a support area, there’s no bullish reaction confirming a bottom sign yet; • The key support is the $187, which is the baseline of a this congestion, and if TSLA loses it, we might see a bearish reversal structure; • What’s more, the $187 could be the neckline of a Head & Shoulders chart pattern; • If TSLA turns bearish, I see it filling the previous gap at $146 in the next few weeks; • In order to avoid this scenario, TSLA would have to do a very good bullish reaction as soon as possible, and break its main resistance area; • The main resistance area on TSLA is made by 3 resistances that are very close to each other: In the 1h chart, there’s the 21 ema and the purple trend line connecting the previous tops; In the daily chart, there’s the 21 ema. Only if TSLA breaks this resistance area we would see a frustration of this bearish thesis. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1
TSLA: Dangerous Reaction in a "No Man's Land".• TSLA did a Bearish Engulfing candlestick pattern yesterday, and it is back to its 21 ema area; • If TSLA loses this 21 ema, it could seek the next support at $187 again; • TSLA is still in a congestion, and only a breakout of the $187 would reverse the bullish sentiment; • On the other hand, it has to break the previous resistance at $214 in order to trigger this Bullish Flag and seek higher levels; • So far, TSLA is in a ”no man’s land”, and any reaction inside this congestion shouldn’t be taken too seriously; • What if TSLA loses the $187? Then the next target would be the gap around $146; • TSLA is dangerously close to its support level, and the way it reacts in this area might dictate if we’ll see a downwards breakout or a bullish continuation to the resistance at $214. Either way, we’ll have our answer soon. I'll keep you updated every day on this. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
TSLA: A Bottom Pattern Above a Critical Resistance.• TSLA corrected last week, but it seems it just dropped to hit its support at $187, and now, it wants to bounce again; • Last Friday, TSLA confirmed a bottom sign, as it broke the 21 ema again (which worked as a resistance last Thursday), it broke Thursday’s high, and it filled the previous gap at $198.52 (making it an Exhaustion Gap); • All these bottom signs above the $187 line might indicate a further bounce; • In theory, TSLA could climb to the next resistance at $214, but as long as we stay inside this congestion, between $214 and $187, TSLA won’t trigger any new movement indicating a continuation of the bull rally or a bearish reversal; • This congestion could be a flag of a Bullish Flag chart pattern, and if TSLA breaks the $214 again, it’ll trigger this bullish continuation pattern. In this scenario, the first mid-term target would be the $237, which is a previous resistance in the daily chart, and it is near the 61.8% Fibonacci’s Retracement in the weekly chart; • Only if it loses the $187 it might frustrate this bullish thesis. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
Price Prediction: Gold within 1-3 Years $2500 or $1300.- Gold is trading in a bullish rectangle pattern, since the previous trend before the current 2 year trading range was upwards. - Closing above $2075 starts painting a picture of price likely headed towards $2500. - Closing below $1685 and then the $1620 ish area starts to get bearish towards $1300. I am personally long the gold sector. - The fundamental picture suggests a huge asset crash across the board, on the horizon. - The technical picture (until otherwise) draws a bullish rectangle pattern, which would mean price likely climbs towards $2500. **This is not financial advice or financial recommendations.
TVC:GOLDLong
by austriancapitaltheory
AMZN: CONGESTION! How to proceed?• AMZN is in a congestion, as seen in the 1h chart, trading between the black lines as shown above, while the 21 ema is completely flat; • As long as AMZN remains inside this congestion, hardly we would see something new, however, any breakout could be interesting; • By losing the support around $90s, AMZN has a target at the gap (red line at $86.82); • On the other hand, by breaking the resistance around $96s, the next resistance is at $103.78 (previous top); • Although AMZN seems erratic, these key points might offer us some clues on how to proceed. I’ll keep you updated on this. Remember to follow me to keep in touch with my analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
3
SPX: Inside a short-term CONGESTION! Let's see how to proceed.• The index is trading inside a short-term congestion in the 1h chart. Although this indicates weakness, it is not a bearish sign; • Since our previous analysis, the index lost its previous support, however, it couldn’t drop to the 3,900 area again, which reinforces the idea that it is just weak, not necessarily bearish; • Now, the 21 ema is flat, and the SPX is just dancing around it; • The trigger point for a continuation of the bull trend is still the 3,980, as we stated yesterday; • If it loses the 3,936, then I see a correction to the 3,906; • As long as the index stays inside this congestion, it’ll just move erratically for a while. I’ll keep you guys updated on this. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
QQQ: Between important Key Points!• Tech stocks are having a hard time recently, as QQQ is still in a short-term congestion between the previous resistance at $284.45 (Oct 5, 6, 25 and 26 top area) and the first retracement, the 38.2% around $273; • In addition, the 21 ema is flat now, indicating a lack of definition; • Only if QQQ loses the 38.2% retracement it’ll resume the bear trend and seek the next support levels, which could be the next retracements or even the previous bottom at $254; • However, in order to reverse the trend and become bullish again, it must break the $284 area. This multiple resistance area is the most important key point on QQQ for the short/mid-term; • By breaking this resistance, the previous gap (yellow square) would be the next target; Remember to follow me to keep in touch with my analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
2
AMC: Range trading! What if it breaks this congestion?• Since our last analysis, AMC has been just doing some range trading, trading above our support at $6.80, but below the 21 ema (the link to my last analysis is below this post); • It seems we have another resistance to work with, the $7.89 (Sep 07 low, yesterday’s high). Along with the 21 ema, this creates a dual-resistance price area; • AMC will only engage in a bullish momentum if it breaks this dual-resistance area, as long as it trades below it, nothing new will happen; • In addition, the $6.80 is still our main support, and only if AMC loses it (and close below this point), we’ll see the continuation of the bearish sentiment, and the next target would be the $5.96; • Either way, AMC looks interesting, but it must do a breakout from this congestion first; I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NYSE:AMC
by Nathan_The_Finance_Hydra
NFLX: Inside a CONGESTION! How to proceed?• NFLX is trading inside a range between $213 - $ 251; • The 21 ema is flat, another indicator that the mid-term trend is neutral; • Since it is a congestion, NFLX is a buy when it is near $213, and a sell when it is near $251; • The price action is uncertain, and NFLX would need to do a real breakout either to the upside or to the downside so we can work with new key points; • If NFLX loses the support at $213, then the next target will be the $190; • By breaking the $251 it will probably try to fill the last monster gap at $333; I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:NFLX
by Nathan_The_Finance_Hydra
2
SPX: Still doing some RANGE TRADING!Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, the index is still inside a range between 4,168 and 4,073, the 21 ema is flat, and its movements have been erratic in the short-term. This is just a consequence of this congestion, and it must either lose the 4,073 to reverse the trend, or break the 4,168 in order to resume the bullish bias. Meanwhile, any correction that brings the index close to the 4,073 is an opportunity to buy, while every time it gets closer to the 4,168 could be an opportunity to sell. In the daily chart, we still see the Double Bottom chart pattern, triggered when the index broke the 4,090 (red line), while we are trading above the 21 ema (which is ascending). In addition, it seems we have a Flag chart pattern in process right now. Since we are trading above its support levels, and we see some good bullish structures, the bias is bullish, unless we lose the 4,090/21 ema. Either way, opportunities to buy have a higher risk/reward at the moment, considering that our target is 4,500. The only thing missing is a good reaction with high volume. So far, the volume has been too low, and the longer it takes to break the 4,168, higher are the chances of a bearish reversal. Let’s keep our eyes open, and watch the key points for now. I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my daily analyses.
SP:SPX
by Nathan_The_Finance_Hydra
4
TWTR Symmetrical Triangle Break Weekly Options PlayDescription TWTR has broken out of a Symmetrical Triangle consolidation pattern following the previous breakout of the large broadening pattern circled in yellow and breaking down its major trendline (3pt up-slanting blue line). Symmetrical Triangles are a congestion pattern representing indecision and typically forming in an already established trend before a further move in the direction that preceded the pattern. Here we see a large spike in volume at the beginning of the pattern, followed by descending volume throughout, and eventually the large spike in volume on the breakout, beyond the safe 3% margin, on 4JAN making a textbook "coil". An additional technical indicator is the MACD convergence. The resulting price move implied by the pattern is equal to price move that preceded the pattern. Here I am using the long candles on 10NOV following the breakout of the broadening pattern as the starting point, giving a pattern-implied price move down to ~32. Our price target will be more conservative @ 34 due to the expiration of the position. Using a Long Put to remain long volatility and short stock. Long Put Levels on Chart SL is a daily close back in the triangle PT : 34 *Stops based off underlying stock price, not mark to market loss The Trade BUY 2/4 40P R/R & Breakevens vary on fill. Manage Risk Only invest what you are willing to lose
NYSE:TWTRShort
by BarnardR
3
AMD: Complete Multi Time Frame Analysis (H, D and W charts)!Hello traders and investors! Let’s see how AMD is doing today! It has been a while since I analyzed it, so we have a lot to update. This is going to be a Multi-Time Frame Analysis (MTFA) and we’ll study the 1h, D and W charts. First, in the 1h chart, we see that the short-term trend is clearly bullish, the only problem is the resistance at $ 106 , which worked as a resistance multiple times in the past. Now it is the best time for a pullback to the 21 ema, and this wouldn’t ruin the bull trend – in fact, it would be an opportunity to buy at a cheaper price . If we break this resistance, we’ll seek the next resistances in the daily chart: Considering that AMD did a false breakout from the previous support at $ 106.98, and that we have a congestion in the mid-term, we can assume that AMD will seek the next resistance at $ 114.49. But remember: We must defeat the first resistance in the 1h chart. This congestion is annoying, but it seems to be just a sideways correction when you analyze the long-term trend: In the weekly chart, AMD is in a clear bull trend, and the pullback seen in the past weeks might be just the price trying to get closer to the previous support level around the $ 99s (black line) . In addition, we are just above the 21 ema. Now that AMD reached this support, it is doing a nice Bullish Engulfing , a classic bullish reversal pattern. The only thing I miss is a good volume , but we have more positive signs than bearish. Let’s follow AMD closely from now on, and remember to follow me to keep in touch with my daily updates, and please, support this idea if you liked it! Have a good day!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
5