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Possible break of market structureI've been bullish on tesla as I like the company and is currently in a very long-lasting swing low, however if price drops more than this minimum it is possible that market structure will break and will test the lows again. If we do see a break in market structure, then the first proposed trade of the referenced idea will fail. However, the second trade still stands, we buy and hold Tesla. It has solid financial fundamentals and has an amazing brand. I seriously doubt there would be further losses in this company. I will eventually talk about my fundamental analysis, but that won't be right now.
NASDAQ:TSLA
by DarkMessiah777
SPX: S&P 500 Index Minimum Upside Target at 2794 S&P 500 Index Update Minimum Upside Target 2794 The next long signal here was the break above the key 2675-2673 line which ideally needed to be followed by a successful retest from above after the break occurred. We got that yesterday/overnight. Today's strength in AlphaBet as much as anything has helped the S&P gap up on the open and since then it's never looked back. It should rally to 2711 here and then start to consolidate gains before rallying further to 2740. Then after another period of consolidation it should go on to hit the 2800-2810 range before falling away back to 2740 once more. Major resistance at 2675-3 has with one bound become major support. Whilst above here the trend is back to positive after a thorough but successful test. There is also a clear reverse head and shoulders within the triangle formation for those who like pattern spotting with a minimum upside target at 2794.
SP:SPXLong
by sumastardon
BITCOIN: First Minimum Target/Top ProjectionWe are looking at BTC and we see some interesting levels. The most important thing is that you always look for minimum target, if goes higher even better.. As we know we are in 5th wave, so we have to be very careful arround those levels. Minimum first potential target we see at 161,8% Fibo. extension of wave 4 and 6200 psychological level, so this is important level for Bitcoin's first minimum top! As you see on the chart, we have also very important channel resistance, which has not broken yet! There's also some interesting psychological levels in a lower degree, so we expect that Bitcoin will hit 6000 for 3rd wave of 5th and then some bigger correction in wave (IV) with support arround 5500 and previous wave IV and then one more final push into 5th of 5th to 6200! Keep in mind that this is minimum projection, so if we see any stronger rally to the upside above those levels then we will start tracking an extended 5th wave! Have a nice weekend!
BITFINEX:BTCUSD
by ew-forecast
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