4th biggest Automaker has just deliverd 154 pickups so far!Rivian Automotive reached a 132 Billion dollar market cap which placed it as the 4th biggest automaker in the world after Tesla, Toyota, and Volkswagen.
However, in premarket, it has passed Volkswagen and it seems today it will be named as 3rd biggest automaker in the world.
It will be as big as General Motors and Ford combined!
The question is how long it will hold this market cap???
I remember last February I talked about the EV sector Bubble!
This bubble will last for a while and then will blast!
So far with 10 billion dar Price volume/day it has enough power to go further, but it will not last very long! and I think we are 1-3 days away from top formation!
In the 1930s, economist John Maynard Keynes said: “Markets can stay irrational longer than you can stay solvent."
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA or an accountant or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Moshkelgosha
Critical level for SolanaIt is a critical level for Solana at the bottom of a bullish upward regression channel!
breaking below the channel could lead to further decline, however, if it holds, another possible move toward the upper border of the channel is likely!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor or a certified financial analyst or an economist or a CPA or an accountant or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Oil correction finished or this is just a pull back?US oil prices corrected to 77 as predicted a few days ago and bounced back once again!
Oil prices are usually influenced by different factors:
1- Supply: Production OPEC and Non-OPEC
2- Demand: higher in the cold seasons! seasonal!
3- Strategic Petroleum Reserve (SPR): changes are important!
4- Geopolitics: this one is the most important factor in fast changes in price!
I believe the last factor will play an important role in the next few days! Russia and Ukraine's tension could lead to the energy crisis in Europe!
Besides that, we have not seen any noticeable change in other factors!
Conclusion: Fluctuation between 77-85 is the most probable Scenario!
This analysis will become obsolete if prices close below 77 in the weekly and monthly charts!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
SPY Question Mark?Another Bullish rally or Correction?
The answer is: wait for it to close above the red or below the green line, and then bet on the direction safely!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
This is the Dump!The candle in the first 30 minutes shows that the dum has just started!
WSB will dump it from now on!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Lucid price target for the comming week!LCID could move toward 47-43 once again and this means put options have high return potentials this week!
reviewing previous analysis could be beneficial:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
If you like Sushi you need to read this!Betting against the market has increased significantly!
In the past 2-4 weeks the volume of the 4 inverse ETFs has increased significantly (+2x)!
This means lower prices are more likely!
What could happen in the next 3 weeks if prices pass the Red lines?
Market Reversals and the Sushi Roll Technique:
In his book "The Logical Trader," Mark Fisher discusses techniques for identifying potential market tops and bottoms.
Capturing trending movements in a stock or other type of asset can be lucrative. However, getting caught in a reversal is what most traders who pursue trendings stock fear. A reversal is anytime the trend direction of a stock or other type of asset changes. Being able to spot the potential of a reversal signals to a trader that they should consider exiting their trade when conditions no longer look favorable. Reversal signals can also be used to trigger new trades, since the reversal may cause a new trend to start.
One technique that Fisher discusses is called the "sushi roll." While it has nothing to do with food..!
The "sushi roll" is a technical pattern that can be used as an early warning system to identify potential changes in the market direction of a stock.
When the sushi roll pattern emerges in a downtrend, it alerts traders to a potential opportunity to buy a short position, or get out of a short position.
When the sushi roll pattern emerges in an uptrend, it alerts traders to a potential opportunity to sell a long position, or buy a short position.
A test was conducted using the sushi roll reversal method versus a traditional buy-and-hold strategy in executing trades on the Nasdaq Composite during a 14-year period; sushi roll reversal method returns were 29.31%, while buy-and-hold returned 10.66%.
Sushi Roll Reversal Pattern
Fisher defines the sushi roll reversal pattern as a period of 10 bars in which the first five (inside bars) are confined within a narrow range of highs and lows and the second five (outside bars) engulf the first five with both a higher high and lower low.3 The pattern is similar to a bearish or bullish engulfing pattern, except that instead of a pattern of two single bars, it is composed of multiple bars.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference Article:
www.investopedia.com
What would happen if ETH slips below 4K?I think this double arc pattern makes the lower prices more likely!
However, this needs to be confirmed by price closes below 4000 level!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Alarming Sign in Dow Jones..!The DJIA is the second oldest U.S. market index; the first was the Dow Jones Transportation Average (DJTA).1 The DJIA was designed to serve as a proxy for the health of the broader U.S. economy. Often referred to simply as "the Dow," the DJIA is one of the most-watched stock market indexes in the world. While the Dow includes a range of companies, all can be described as blue-chip companies with consistently stable earnings.
Dow Index Components
The Dow is often re-evaluated to replace companies that no longer meet the listing criteria with those that do. By 1928, the index had grown to 30 components. Its composition has changed many times since then.
On Aug. 24, 2020, Salesforce, Amgen, and Honeywell were added to the Dow, replacing ExxonMobil, Pfizer, and Raytheon Technologies.
Limitations of the DJIA
Many critics of the Dow argue that it does not significantly represent the state of the U.S. economy as it consists of only 30 large-cap U.S. companies. They believe the number of companies is too small and it neglects companies of different sizes. Many critics believe the S&P 500 is a better representation of the economy as it includes significantly more companies, 500 versus 30. (Investopedia)
What Are the Three Black Crows?
The black crow pattern consists of three consecutive long-bodied candlesticks that have opened within the real body of the previous candle and closed lower than the previous candle. Often, traders use this indicator in conjunction with other technical indicators or chart patterns as confirmation of a reversal.
This may become more significant when you know:
This pattern has happened in the weekly chart and, DJI experienced the fastest rally in its history in the last 85 weeks:
Here is the list of 30 Dow Jones Components:
www.tradingview.com
Conclusion:
We should consider 36565 as the most important resistance! moving between 36565-33500 could be the most probable case in the coming weeks!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference article:
www.investopedia.com
Weekly charts peovide important information!In these charts, you see weekly candlestick patterns are Identical for the 7 biggest tech companies:
AAPL, MSFT, GOOG, AMZN, TSLA, FB, and NVDA have made a bearish candlestick pattern last week.
MSFT, GOOG, AMZN, and TSLA made Bearish engulfing pattern or Brarish outside bar! after a bullish rally in the past 6-8 weeks!
S&P 500 and NASDAQ 100 also made the same pattern:
Short interest for these tickers is between 0.55-1% except for TSLA which is 2.56% and AMD 6.25%.
And, Put/Call Open Interest for the next 30 days is between 0.74 to 1.8, which is relatively high for these tickers..!
Having said that,
In December 2021, the stock market will face challenges such as Omicron, Fiscal year budget, Debt Ceiling, and Quadruple witching!
I am confident that we are going to see a very volatile December and possibly a correction!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Moving Toward 52500 ..!bitcoin Got rejected from 50EMA in the past 3 tries!
It seems BTC may move toward 52500 soon!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
20% Decline could happen soon!Graph 2 is the Clone of Graph 1!
I think there is a good chance that all the gains in the past 4 days wah away soon!
What would you do if you know Ethereum has never closed higher for more than 5 days in a row, in the past 100 days!
ETH has closed higher 4 days in a row, Tomorrow could be positive, but the day after that I doubt..!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
100 Billion Dollar Washout is about to happen!In the Cryptocurrency market, Volatility is high..!
The true range is the largest of the:
Most recent period's high minus the most recent period's low.
The absolute value of the most recent period's high minus the previous close.
The absolute value of the most recent period's low minus the previous close.
The smallest true range in the past trading year was 4.01%, but the biggest one was as big as 41.82%..!
Yes, your investment in the Cryptocurrency market could be this volatile!
My question is:
What is your plan to manage this much volatility???
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
1165-1180 is the new resistance..!You can short Tesla anytime it reaches 1165-1180 level with low risk in the next 6 weeks..!
Closing above this level make this analysis obsolete!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
A review on November 22 post!Please review the post on November 22, 2021:
Title: The overwhelming pressure of Sellers! (This post was not public)
these charts have common features:
1-They are all Giant Tech companies! (except RBLX )
2- They have above-average price volume!
3- They had a bullish rally recently!
4- They start the day well but closed at the lowest daily trading price!
5- They are among the top 10 daily Price Volume leaders!
6- They made long upper shadows and some made a long bearish engulfing pattern!
Having said that Do not expect good days ahead for techs!
Corrections seem inevitable!
All correct except AAPL..! All prices decreased 4-12% in the past 2 weeks!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Integrity is Important!Please review the analysis published on November 4th, 2021:
Title: Negative days ahead for banks!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Negative days ahead for banks!It seems Banks have run out of steam and in the near future, they will make a correction or go sideways!
BAC: Fails to close above 48.50
WFC: Got rejected from resistance level and may retest 46 in the coming days
C: struggling at the support line
MS: pure consolidation between 96-106
JPM: 2-3% correction is expected!
GS: could retest 370 level once again!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
A possible pattern for AMD..!This pattern is just a simulation..!
Things could happen very differently in a chaotic system!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BABA keep going lower???In the past few weeks, BABA keep going lower and lower and lost 65% of its value in the last 58 weeks!
Any sign of recovery?
I'm not able to see any ..!
These green lines are a possible support zone!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
My Apple analysis is failed, but...Before this trading week, I published my target price analysis for AAPL, MSFT, GOOG, AMZN, TSLA, FB, NVDA, AMD, LCID, and the major indexes!
I was bearish on all of them..!
While my apple analysis failed, others became right! and the statistics show 1 in 12, which is 91.5% correctness!
I know people tend to lean toward those who are writing about "Going to Moon", but I do not like Deception!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
S&P500 and NASDAQ will follow Dow Jones..!I think it is highly likely that S&P500 and NASDAQ are going to follow DOW and experience further declines!
When looking at the bigger pictures you see the selling pressure increase every day and prices crossing below major supports easily..!
I remember when I was reading Japanese Candlestick Charting Techniques(Steve Nison) 13 years ago, one of the signs that a bullish rally is at its end was:
Prices open with gap up and fail to advance and close at lower levels!
This phenomenon has repeated this week almost every day!
Conclusion:
I think this correction will be the biggest correction in the past 22 months!
waiting for better entries is highly recommended!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Upstart truns to Downstart???Review Upstart chart is highly recommended!
You can learn most of the technical rules in this chart!
But the most important thing you will learn is:
Market sentiment and price pattern are more important than the fundamentals!
While the fundamentals of this company became better and better, the price crashed more than 60% in the past few weeks!
Looking at my previous analysis could be interesting for you!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Dow Jones Rounding Top Formation..!What Is a Rounding Top?
A rounding top is a price pattern used in technical analysis. It is identified by daily price movements, in particular the tops, which when graphed, form a downward sloping curve. Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a reversal in the long-term price movement.
Did we have an extended upward trend?
Yes, we did have one in the past 87 weeks!
This could be too early to declare market Top, but a 7% decline in 16 days is the sharpest decline since March 2020..!
Conclusion:
Do not open a Long position unless you see a clear sign of reversal!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.