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Pivot

Danger: pullback ahead?Hello traders and investors! Let’s study AAPL today! Let’s start our complete Multi Time Frame Analysis (MTFA) by looking at the hourly chart. First, Apple triggered a bearish pivot when it lost the red line at $ 127, and it did a Breakaway Gap , under the 21 ema in the same day. This was the first sign of a sharper pullback on bigger time frames, like the daily chart, which we will talk about in a minute. What an asset does after it triggers a bearish pivot? It will seek further supports, like the purple line at $ 123.84, and now it seems it is aiming for the gap at $ 118.39.These are the targets for AAPL, and it won’t change unless we see a good reaction tomorrow, or next week. Now, let’s see the daily chart: The good news is that if AAPL is going to react, now it’s a good time, because we are near the 21 ema. If a reaction occurs, and Apple closes above this purple line at $ 123.84, the bears will have a hard time. But, if we don’t see a good reaction, the next targets are the gap we already discussed, along with the previous top at $ 114.41. The volatility increased a lot recently, but the bias is still bullish for AAPL, at least as long it keeps above the 21 ema. But let’s face it, the weekly chart is too stretched that we could see an even sharper pullback ahead: We are far from the 21 ema, and the last 2 week’s candles are quite bearish. Either way, Apple is giving us some signs that it is losing its strength, but I’ll keep saying: Since it is a bullish trend, pullbacks are opportunities to buy or buy more/again. The question is, a pullback to what point? To fill one of its gaps? To one of its supports? Or to the 21 ema in the weekly chart? Nobody knows, and the best thing we can do is to react properly to the market. Therefore, I invite you to follow me to keep in touch with my analyses! And support this idea if you found it interesting!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
9
Bitcoin. a STRANGE phenomenon. All pivots in same placeLook at these central Pivot points (purple lines holding us back. They look about the same right? This is actually a freak occurrence I have not seen. Because these are the Daily, Weekly, and Monthly pivot point. what typically is normal is that these points can be hundreds or even over 1000 dollars difference in price. As of right now. they have all come to meet in the same location that we are currently being held under. What does it mean? It is unclear. It may mean that this place may act as very hard resistance. It could also mean strong conviction and volatility break and closing above them. One thing is for sure though. It is a good place to manage a trade from. I wouldn't get bullish below them. And I probably wouldn't be as bearish if we climbed back above them. What are your thoughts on the matter?
COINBASE:BTCUSD
by Gunslinger2005
SLQT is now 'Oversold'SLQT, a relatively big IPO recently, has entered the Oversold area on the 4HR chart, and is about to on the 1D. The stock had a huge technical Pivot point on July 24, a large bullish candle that had strong resistance and very large volume cutting into the $17 range, with an RSI of under 25. That should be the signal we need to now confirm that the reversal has taken place. The stock is currently at it's all time low, and could hit lower before a reversal may take place. There were several strong bearish candlesticks leading up to this event. However, analysts seem to like this stock, and are bullish on it up to $30-$39. This is what I call, an opportune area - where we need to identify a reversal has indeed taken place. If the stock has bullish sentiment, I only focus on the technicals. No bad publicity over the last couple weeks. Let's see where this one ends up!
NYSE:SLQTLong
by Shwayze
Bitcoin short. 2 week chart. indicators. / correctionsso we about to get a TD9 on two week for sell side. as you can see. that has nailed the tops and bottoms on bitcoin well in the past. We have divergence. increasing sell pressure. my oscillator is meeting the resistance line. The OBV occilator has a trendline resistance. the vix fix / inverse vix fix suggesting it might be so. The OBV+Fisher transforms higher up as well as the wave trend. Potentially I think we may see another up to 12.7. however it does sort of look tired here now. I choose 8kish for correction reading because of Cam monthly. but also confluence with other things as well as that is our yearly pivot point. However if we correct me might stop higher as well.
by Gunslinger2005