Newlows
TSLA ludicrous mode bounceThis is not good or bad but we are coming back to the down trendline. What does this mean? It has been beat up for the whole month of December, and this short term support will face its biggest test of the new year.
Bullish case the oscillators have to reset, how could that happen? With the momentum it did time to locate the support angle assuming last week was the base of the pivot. After this consolidation look for Tesla to test the moving average it rejected after breaking post November 2022
Bearish case don't fight the trend, go with the current. The rejection at the level it is at now is inevitable, this will test the line and fall. Looking for this to get a bounce around 105, thats ok. It will help to break under $100.
Daily Shark Complete On New Weekly Low!GBPCAD - Looking to swing long, just had a daily shark complete at the weekly demand zone (Which is a new weekly low) Price rejected at this level.
Now we have a break of momentum and BOS.
I'm waiting for a pullback the greenzone (1.69320) area (I'm scalping a short there at the moment) before potentially swinging this long if PA confirms it!
Let me know your thoughts!
Deep Crab Completed (Almost....)USDCAD - Sitting in a strong supply zone, BOS on the daily TF creating new lows, price right now is sitting on a strong Daily OB along with multiple other confirmations, so chances of reversal or at least a pullback are highly probable, I'm waiting to see if price starts to break back towards the Daily high, if so ill enter a swing on a second test.
Whats your thoughts?
AUD/USD ready to finally print a new low?...Aud/Nzd soaring towards 1.0940 from around 1.0818 respectively at the other ends of the spectrum, and the catalyst came overnight in the form of a AUD 3.8 bn Government fund designed to put a ceiling on house prices via extra short to medium term supply. Finance Minister Robertson warned that the recent increase in property valuations is not only having an adverse impact on affordability, but also poses a threat to economic stability. Bearish bias remains in place from last week.
Time to finish this downtrend and start move for ATHsWith more data available, I am further homing in on the next reversal point and end of Intermediate wave 4. Due to prior projections and EW guideline violations, this forecast should finally find the end. It looks like Minor waves A and B are both completed. I am still projecting a gain early on Monday, but further downward movement during most of the week. All told I am expecting this week to move down at least 209 points from Friday’s close to the low point of this week. This would equate to a 6.31% drop, during the remainder of Minor wave C if it occurred. Minor wave A dropped 7.74% in 40 hours of trading at the beginning of September. This would see Minor wave C dropping 9.30% in roughly 40 trading hours.
The information below is slightly different from a similar forecast I provided earlier this month which at the time assessed Minor wave A to have lasted 40 trading hours, and waves B and C were estimations based on those 40 hours of movement.
What Minor wave A did:
It lasted 40 trading hours (6 trading days) and dropped 277.64 points. The rise over run (R/R) of this was a loss of approximately 6.941 points per hour. On average, A waves tend to make up 36% of the larger wave it resides in (Intermediate wave 4 in this instance). This means Intermediate wave 4 could last around 102 trading hours. At that time of this writing, Intermediate wave 4 is at least 75 hours long with additional time to go.
What Minor wave B did:
It lasted 22 trading hours (3 trading days) and gained 118.45 points. The rise over run of this was a gain was approximately 5.384 points per hour. On average, B waves tend to make up 21% of the larger wave they reside inside. This means Intermediate wave 4 could last around 102 trading hours. This conforms with wave A’s typical makeup of the larger wave as well.
MINOR WAVE C Estimations:
Length: Wave C should last around 40 hours. This is based on wave A making up about 39.22% of the larger wave and wave B providing 21.57% of the larger wave. This would leave wave C to make up the remaining 39.22%, which is also 40 hours. On average, waves A and C in the same wave are almost equal in length. This would also tie the maximum move that has occurred during specific Intermediate and Minor waves (Intermediate wave 4, Minor wave C) in the history of the S&P 500.
Movement: On average, the typical relationship of movement between A and C waves is 0.8632 which would equate to a drop around 3107. Wave B’s retracement of wave A’s movement is typically 0.37909 that of wave C’s extension of wave A’ s movement. This would equate to a drop around 3116.46.
The 5 wave down pattern estimations are based on Minor wave C moving 40 hours and down to roughly 318.92 from the end of Minor wave B. All estimates are based on the average of the average and median for each item.
Wave 1 typically lasts 27.85% of the larger wave it resides in. Wave 2 is around 10.80%, 3 is 36.45%, 4 is 6.33%, and 5 is 17.64%. Wave 1 typically moves 41.58% of the overall larger wave’s movement. Wave 2 is 19%, 3 is 56.5%, 4 is 22.22%, and 5 is 43.69%. This means wave 1 could last 11 hours and drop 132.61 points. Wave 2 could rise 60.59 points over 4 hours. Wave 3 could drop 180.19 points over 15 hours. Wave 4 could rise 70.86 points over 2 hours, and wave 5 could drop 139.34 points over 8 hours. This would have the ultimate bottom around 1230 on September 24 near 3108.24.
Before trading closed on Friday, wave 1 was likely completed. Even though the estimate was for wave 1 was a drop to 132.61 over 11 hours, it appears wave 1 found a bottom at 3292.40 (a drop of 136.52) over 13 hours which is 2 hours longer than forecasted. This could slide all of the following waves to the right by 2 hours. This could mean the market opens high or hits an early morning high around 3350, or wave 2 has already completed and the next 2 days will be down significantly.
Let’s get ready for another week of volatility. My guess is another down week. I still think we will see all-time highs in October before a nice 700+ point plunge beginning in November
DJI pennant analysis - no breakout yetInteresting to see how the S&P 500 seems to have made its decision on a bullish note (actually on second thought, volume of Spy was really low today, could this be a double top?), and yet the DJI has not yet done the same by breaking out of its pennant. Is DJI lagging or is the S&P 500 ahead of itself at the moment? We will see.
LONG - FTM - Trading OpportunityBINANCE:FTMBTC is making new lows while forming a hidden bullish divergence, this incredible volume on that wick tells me that we will probably head back to there and even previous highs.
Entry: 0.00000110
Target 1: 0.00000122
Target 2: 0.00000133
Target 3: 0.00000144
SL: 0.00000103
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XAUUSD Hexagram Hypothetical levels of next extremums.
The levels of next extremums are approximate, deviation is allowed.
This chart is not a guide to action.
Since we are dealing with probabilities, the points indicated on the chart will not necessarily be reached in alphabetical order. Perhaps it will be at first achievement of targets below and only after this it will go up to a new predicted extremum above trendline.
Cancellation of predicted levels - the breakout of a hypothetical low of this model (B or C) and the formation of a new model.
TSLA NEW LOW or NEWHI or bankrupt?TARGET 1 = 255
Buy = 210
Stop = 200
PROFIT = 255
R=(255-210)/(210-200)=45/10 R=4.5
TARGET 2 = 140
Short position around = 255
Stop = 280
PROFIT = 140
R=(255-140)/(280-255)=115/25 R=4.6
TECHNICAL ANALYSIS:
technically, you can buy, sell, trade and trade tesla.
Tesla made good levels .. When we break through the global level 200 and confirm this level. Definitely need to short.
As you can see, the Moving Average 200 does not overlap 50, which means that HEDGE Funds and Large Buyers are not yet ready to sell Tesla ..
Any transaction must enter from STOP.
FOUNDATION:
Tesla - bankrupt?
The company Ilona Mask, which produces Tesla electric cars, is approaching bankruptcy if it does not pay nearly a billion dollars in bonds or does not raise stock quotes on the exchange by at least a quarter.
In general, Tesla placed five debt issues: in November 2018, it had already been repaid at $ 230 million, March 1, 2019 (volume at $ 800 million face value), March 1, 2021, March 15, 2022 and August 15, 2025 year (1.8 billion dollars). At the same time, rating agencies assigned to the “junk” ratings from the very beginning due to problems with the Tesla Model 3 model from the very beginning. At the same time, Moody's experts specifically clarified that the company in 2017 had already borrowed more than 700 million dollars, and warned lenders about the high risk of losing their money.
In general, the company's debt load reached $ 10.3 billion by the end of 2018, with a ratio to equity of 243%. That is, at $ 1 of own funds the company owes almost $ 3.5. Of this number, bonds account for about $ 7.5 billion, and the reserve on the balance of money and equivalent funds (for example, shares) is only $ 3.4 billion.
$BTC Bears Not Yet Hibernating for Winter$BTCUSD: If the current low of $3,474.33 holds on this chart, which indicators show that it is unlikely to do so, the 50% Fibonacci level becomes key resistance moving forward. The price will have to trade above this level and even the 61.8% level to consider a trend change back to the bulls.
The bearish trend continues, and with an ADX still showing strength for trend the next previous historical low becomes the next target (or key support level).
Price is likely to drop even further than the next target, so internal indicators will have to be analyzed when tested.