Many weeks ago we were at the bottom of a daily broadening wedge and the target for a breakout was at around 1.78% now we have made substantial further progress in reaching that target of 1.78 as we have bounced from the bottom of the wedge at 1.12% all the way to 1.7% before we had a minor pullback. The current situation now is that the Daily after pulling...
Hello traders and investors! Let’s see how NIO is doing today! Since our last analysis, NIO dropped sharply, frustrating the bullish bias seen in the short-term. However, the drop was perfectly controlled, as the price just found its support again, at the black line around $ 36.68. Now the challenge is to climb all the way back to the $ 40.59 and fill the...
Hello traders and investors! Let’s see how PLTR is doing today! Yes, it lost the purple trendline we talked about in our last study, it did the pullback as expected, and now we have a good reaction. We see that PLTR is resuming the bull trend, by doing higher highs/lows in the 1h chart, and it is above the 21 ema again. It seems the purple line is now a...
If today closes to make a piercing pattern on $TSLA it might signify a short-term pullback. The stock has had history of breaking to a high and make this pattern then reverse. Long term outlook is still bullish: I believe $TSLA is forming a long base before breaking higher again.
Hello traders and investors! Let’s see how the SPX is doing today! We did a new record high today, and it looks like we have a top formation in the 1h chart. This might bring a pullback, but not a reversal. The 4,480 was the previous ATH, and now it is working as support for the index. If we lose this support, the 21 ema is there to hold the price in the...
Hello traders and investors! Once again, the SPX is doing a fantastic movement, and this is not a big surprise for us at all. The index gave us many buy signs before the ATH, and we talked about all of them in my previous analyses (links below), but let’s recap: 1st) Hit the dual-support area made by the purple trendline and the red line at 4,369; 2nd)...
Hello traders and investors! Let’s see how the S&P is doing this Friday. The signs are good, and the index is bullish for sure. Today it triggered the Piercing Line pattern we talked about yesterday, and it reinforces our bullish thesis. It wasn’t only a Piercing Line pattern, but a pattern that appeared just above our dual-support level made by the purple...
Hello traders and investors! Today PLTR reported its earnings, and the volatility increased, as expected. There are some key points we can use, and we’ll talk about them in this complete Multi Time Frame Analysis (MTFA) . First, now it is too late to buy. The time to buy was during the Ignition Bar evidenced in the 1h chart, which was a classic bullish...
I while ago i posted a rising wedge setup on the DXY expecting a mild bearish reversal to the 50 percent retracement but today i have noticed that the DXY seems to be showing signs of life at the 0.382 retracement in the form of a Piercing Line Bullish Reversal pattern. If the DXY gets follow through i expect that is will pump to the 2.618 retracement.
Hello traders and investors! Let’s talk about AMD again! As we expected, against all the pessimism, AMD was not a sell, as we thought. My last public analysis was 10 days ago, and the link to it is below this post. Yes, AMD did a bullish structure near its support level. We have a Piercing Line pattern, a very well-known reversal candlestick pattern, just...
Hello traders and investors! Let’s see how NIO is doing today! We have many interesting signs around, and I’m sure it’ll be worth keeping an eye on the points mentioned here. First, in the 1h chart, we have a pivot point at $ 43.66. If NIO defeats this point, it has a good chance of reversing the bear trend for good. We have been on a series of lower...
Hello traders and investors! Let’s see how PLTR is doing today! This is an analysis, but we’ll have a lot of educational content as well, because PLTR has many patterns to talk about. First, in the 1h chart, it seems we’ll reverse the short-term bear trend, as PLTR is doing a new high today, above the $ 21.70. This breaks the status quo , and it is something...
The weekly closed with a piercing line pattern off the neckline of a weekly double bottom and we are above the 55 week Simple moving Average. I expect this could take us to much higher prices and will be buying here and if it goes lower i will also be buying within the green zone with limited risk.
Hello traders and investors! Let’s see how Tesla is doing today! First, in the 1h chart, we see something that could look like a Round Bottom , which is a pattern that I don’t like to trade. It seems we never know we are doing a Round Bottom for sure, until the pattern is almost done. Either way, the $ 645 was the Key Point , as we discussed in our last...
Hello traders and investors! Let’s talk about Tesla today! It’s been a while, but here we are! First, Tesla did what it had to do. As we discussed in my last analysis (almost 2 weeks ago), Tesla did a downwards breakout from its Trap Zone, and it precisely hit our target at $ 620 . This was a very technical movement. If you missed my previous public analysis,...
H4 : The recent selloff (55046-44845)triggered three long black candles) followed by a long white candle which is showing a piercing line pattern. The 38.2% Fib ret has already been filled @ 48729 which coincides roughly with the bottom of the clouds resistance zone. Higher next level to watch is the 50 % Fib ret @ 49935 (roughly the...
Hello traders and investors! Let’s see how NIO is doing today! First, NIO did hit our target at the All Time High (ATH) and it even defeated it, which is incredible. The ATH was our target since Dec 29 I believe, and I’ll leave the link to this analysis below. But how to proceed now? Well, there’s not much else to do, but hold. If you booked profits on...
Hello traders and investors! Let’s see how the SPX is doing today! We have a new record high today, which is incredible. This bullish momentum was triggered when the index did this classic Piercing Line pattern near a support level (purple line), which we discussed about my last analysis (Jan 4, link below as usual). Yesterday’s drop was quite unusual, but...