The bearish two black gapping in the NASDAQ weekly chart.When you are looking for a long-term outlook, it is better to check the weekly chart..!
Any pattern in the weekly chart could have more value in long-term interpretation.
The bearish two black gapping
The bearish two black gapping continuation pattern appears after a notable top in an uptrend, with a gap down that yields two black bars posting lower lows. This pattern predicts that the decline will continue to even lower lows, perhaps triggering a broader-scale downtrend. According to Bulkowski, this pattern predicts lower prices with a 68% accuracy rate.(Investopedia)
This is my last Nasdaq chart.
Moshkelgosha
In the next 4-6 weeks Death cross will happen in Tesla!Tesla has had a long bullish rally but the future could be the exact opposite..! based on my calculation in the next 4-6 weeks Death cross will appear in the tesla chart!
This analysis will become obsolete if tesla closes above 720 with more than 100 million trading volume!
This is my last Tesla Chart!
Gold or Death, that is the question?Today NIO opened below its 200 EMA and bounce back, some people may be happy and hope it is the end of the story, but I don't think so!
I think it is a good time to learn the difference between the Golden cross and the Death cross!
A golden cross and a death cross are exact opposites. A golden cross indicates a long-term bull market going forward, while a death cross signals a long-term bear market. Both refer to the solid confirmation of a long-term trend by the occurrence of a short-term moving average crossing over a major long-term moving average. (Investopedia)
based on my calculations it is highly likely that the Death cross is going to happen in the NIO chart in April 2021.
This analysis becomes obsolete if NIO closes above 46.3 with a trading volume above 250 million. otherwise, consider any positive day as a good exit opportunity or sell..!
This will be my last post on the NIO chart.
40-100% opportunity Potential gain: 40-100%
Reward/Risk:3-6
Timeframe: 1-6 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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Odd Head and shoulder in NokiaFirst support level 3.74-3.79, but it could go lower.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
Game Stop follow its own rules..!Interestingly, GME tends to gap up & down and fill the gaps fast, and react to the border of the gaps perfectly!
In the last 4 trading days GME entered in GAP 2 zone and couldn’t close above the upper border ! Let see if it touches the lower border 140 in the next week.
Short opportunity!Buy Put 7, April 16
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
Option trading exposes you to a high risk of losing your capital, never invested in any idea more than what you can afford to lose(5%).
Stormy days ahead for BanksAs you see in the charts, stocks tend to move in clusters!
Bank of America, Wells Fargo, JP Morgan Chase, and KBE(bank ETF) all have made the same price pattern..!
all shows stormy Days coming, if you have banks' stocks, maybe it could be a good time to trim your position..!