Stockmarketanalysis
Tesla -> Ready For The PumpHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock is about to once again retest a previous weekly support zone exactly at the HKEX:175 area.
You can also see that weekly market structure is bullish again so I am now just waiting for a deeper retest of the area before I then do expect a pump away from the support zone to retest the next resistance at $195.
On the daily timeframe you can see that Tesla stock already had a first initial rejection away from the zone, showing that there is definitely some buying pressure at the support area, so I am just waiting for a daily retest and then a rejection towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple -> Short Term ReversalHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently retesting a quite obvious previous weekly downtrend resistance line exactly at the $165 area.
Also just recently Apple stock created a weekly inverted head and shoulders so I definitely do expect the market to reject this downtrendline to retest the neckline of the inverted head and shoulders at the $155 area and then from there create more continuation towards the upside.
On the daily timeframe you can see that market structure is still massively bullish so I am now just waiting for Apple to show me some more bearish rejection at the current levels and then there is a high chance that we will see a short term rejection away from the downtrend resistance trendline.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Key Levels and US Market Review for the Asian session open 6/04Major Indexes were either range bound or weakened in Europe and the US. The DAX drifted lower from the open and the FTSE gave up most of the earlier gains into the close while the DOW ended slightly higher and the Nasdaq added to the previous sessions losses to end lower. Traders will be risk adverse coming into Easter and add to that the US employment data which could easily trigger increased volatility in a relatively thin market. I expect the Asian session to be range bound or a grind lower today.
I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. With the OPEC Production cuts and resultant spike in Oil ( and clear potential for higher levels), bulls will have something to think about regarding inflation.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Trade what you see not what you think!
RELATED IDEAS
TradeTheStructure
$SPY Supply and Demand Zones as well as Support and Resistance Based on the 15 min intraday chart of SPY as of April 5, 2023, here is a possible analysis:
Supply Zone: $407.91 - $408.67 Demand Zone: $405.88 - $406.50
Support: $405.88 Resistance: $408.67
The analysis is based on the following factors:
Technical Analysis: The supply zone is formed by the high of the day and the open price of the last candle, while the demand zone is formed by the low of the day and the close price of the previous candle. The support and resistance levels are also derived from these zones. The chart shows a sideways trend within these zones, with no clear breakout or breakdown signals. The volume is relatively low, indicating a lack of momentum.
Fundamental Analysis: The SPY tracks the performance of the S&P 500 index, which reflects the overall health of the US economy and stock market. The index has been trading near its all-time highs, supported by strong earnings growth, fiscal stimulus, and vaccine rollouts. However, some headwinds such as inflation fears, rising bond yields, and geopolitical tensions may limit further upside potential.
News and Events: The SPY may react to any major news or events that affect the market sentiment and expectations. For example, on April 5, 2023, the US released its ISM Services PMI data, which came in better than expected at 63.7, indicating a robust expansion in the service sector. This may have boosted the SPY slightly in the afternoon session.
Sentiment Analysis: The SPY may also reflect the prevailing mood and emotions of the traders and investors. One way to measure this is by using indicators such as the VIX (volatility index), which measures the implied volatility of S&P 500 options. A high VIX indicates fear and uncertainty, while a low VIX indicates complacency and confidence. As of April 5, 2023, the VIX was at 25.51, which is above its historical average of 20, suggesting some caution and nervousness in the market.
Machine Learning and Artificial Intelligence: The SPY may also be influenced by algorithms and bots that use advanced techniques such as machine learning and artificial intelligence to analyze data and execute trades. These methods may be able to identify patterns and trends that are not visible to human eyes or conventional tools. However, they may also introduce noise and unpredictability into the market, especially during periods of high volatility or low liquidity.
Price Action: The SPY may also follow its own logic and behavior based on supply and demand forces. Price action is the study of how price moves and reacts to various factors without relying on any indicators or external information. Price action traders use tools such as candlestick patterns, trend lines, chart patterns, and Fibonacci retracements to identify entry and exit points based on price movements alone.
If price breaks out of the current supply and demand zones ($407.91 - $408.67 and $405.88 - $406.50), the next zones may depend on how far and how fast price moves and how it reacts to other support and resistance levels.
One possible way to estimate the next zones is to use the size of the current zones as a guide. For example:
If price breaks above the supply zone ($407.91 - $408.67), the size of the zone is $0.76 ($408.67 - $407.91). Adding this amount to the high of the zone gives a possible target of $409.43 ($408.67 + $0.76). This could be the end of a new supply zone, while the start of it could be around the next resistance level of $412.35, which is the high of March 3, 2023. Therefore, a possible new supply zone could be $409.43 - $412.35.
If price breaks below the demand zone ($405.88 - $406.50), the size of the zone is $0.62 ($406.50 - $405.88). Subtracting this amount from the low of the zone gives a possible target of $405.26 ($405.88 - $0.62). This could be the start of a new demand zone, while the end of it could be around the next support level of $402.35, which is the low of March 1, 2023. Therefore, a possible new demand zone could be $402.35 - $405.26.
These are just rough estimates and may not be accurate or reliable, as price may not move in a linear or predictable way and may be influenced by other factors such as volume, news, sentiment, or machine learning. Therefore, traders should always use other tools and methods to confirm their entries and exits and adjust their zones and levels accordingly.😊
Key Levels and US Market Review for the Asian session open 5/04Major Indexes moved lower as banking concerns weighed on the US along with fears of an economic slowdown. Employment data out in the US disappointed and pointed to a slowing jobs market which sets up for an interesting Payrolls release Friday. The USD took a hit, which supported Gold, as traders start thinking of a recession. Being the end of quarter, we may see a decent unwind of recent buyers but I expect this will be closer to the employment data release. Either way, I feel that major Indexes are looking heavy and may need a flush lower at the least, prior to any further upside.
The RBA statement was happy to leave interest rates on hold even with inflation around 6.8%. Homeowners (especially recent buyers) were relieved although many still expect further rises to tame the high inflation.
The ASX is expected to open relatively flat around the previous close while the Nikkei is set to open down 164 pts while the Hang Seng is closed for trading.
I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. With the OPEC Production cuts and resultant spike in Oil ( and clear potential for higher levels), bulls will have something to think about regarding inflation.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Setups I expect to see play out on the major markets below :-
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
🥇 Gold Futures: The Recovery After Melt In Bear HugThis publication was partially created by ChatGPT AI, under request to Offer Twenty Practical Tips On Why People Should Buy Gold.
Good or bad, y'all be the judge. But here's what ChatGPT said...
1. Gold is a stable asset that is not subject to inflation and market changes.
2. Gold can serve as a good way to protect against economic crises and political turmoil.
3. Gold is highly liquid, which means it can be easily sold at any time.
4. Gold can be used to diversify a portfolio and reduce investment risks.
5. Gold is a universal asset that is recognized and valued throughout the world.
6. Gold can be used as collateral for a loan or loan.
7. Gold can be used as a gift or legacy.
8. Gold can be a store of value that will retain its value over time.
9. Gold can be used to create jewelry, which can also serve as an investment asset.
10. Gold can be used as an indicator of economic stability and inflation.
11. Gold can be used as a means of payment or exchange.
12. Gold can be used as an investment strategy on a long-term basis.
13. Gold can be used to craft collectibles that can increase in value significantly over time.
14. Gold can be used to create electronic payment systems that are based on the blockchain.
15. Gold can be used to create new types of investment products such as ETFs and futures.
16. Gold can be used to protect against currency fluctuations and devaluation of the national currency.
17. Gold can be used to hedge against inflation risks and government monetary policy.
18. Gold can be used to protect against the risks of geopolitical instability and war.
19. Gold can be used to protect against the risks of financial crises and bank failures.
20. Gold can be used to create an investment portfolio that provides stable income and risk protection.
Gold Futures technical picture indicates on recovery after melt in bear hug, as a result of Gold prices break its 52-Week High.
FDN - falling wedge patternWhat we can see on the chart is a falling wedge pattern.
The price is still moving inside the pattern, once it breaks above the trendline it can be a good momentum to enter long.
Do not forget to put the stop loss under the wedge .
Possible target area is shown on the chart.
ADT - rising wedge patternWhat we can see on the chart is a rising wedge pattern. The price did not break out of the pattern yet.
We are expecting that the price will break down and continue the previous downtrend.
The stochastic shows us that the price is overbought but it is not pointing downwards yet.
How to trade:
Enter the short position only if/when the price breaks down out of the wedge with the volume increase which would be the confirmation.
Do not forget about the stop loss to protect your capital.
Get ready for Stock Market Crash - April 24th of 2023 hello traders,
Get ready for Stock Market Crash - of 2023
#VIX is now on a major support and growing consistently,
on the week of April 24th 2023, it will break out of resistance and shoot up.
Therefore, Bulls only have Two more weeks, then Bears will take over, and it will be the Stock Market CRASH of the week of April 24 2023.
I will be liquidating all my Long Trades during the next two weeks, and opening more short positions.
Trade:
Safe - Carefully - Determined
Good Luck and Good Profit
Edward Trader
Moving Water
#SPX500 #SP100 #NASDAQ #CRASH
Tesla -> Preparing The BreakHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla just recently had a rally of about 100% towards the upside followed by a healthy short term correction.
As we are speaking, Tesla stock is starting the next impulse towards the upside, you can also see that we have the potential to create an inverted weekly head and shoulders so I just do expect more continuation towards the upside from here.
On the daily timeframe you can see that Tesla stock is over and over again retesting the daily resistance area at $200 so I am now just waiting for a break above the resistance and a retest before I then do expect the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Nifty Demand and Supply Zone for 31st March 2023#Nifty Demand and Supply Zone for 31st March 2023
Can long above green/ demand zone if price action shows bounce from that zone with SL below zone.
Can short below red/supplyzone if price action shows rejection from that zone with SL above zone.
More details on chart.
Good Luck.
#stockmarkets #niftytomorrow #premarket
View for education purpose only.
#BankNifty view link below.
BankNifty Demand and Supply Zone for 29th March 2023BankNifty Demand and Supply Zone for 29th March 2023
Can long above green/ demand zone if price action shows bounce from that zone with SL below zone.
Can short below red/supplyzone if price action shows rejection from that zone with SL above zone.
More details on chart.
Good Luck.
#stockmarkets #niftytomorrow #premarket
View for education purpose only.
#Nifty view under profile.
Why we should review price action to see if History will RepeatStudying price action and reviewing should be a key part to everyones trading and will improve overall results. Many Stocks, Currency pairs, Commodities or Indexes have differing nuances and characteristics with regards to Price Action so it is worth doing the homework before entering a trade. Even though they all trade around a similar Price Action Framework, quickly looking for small repeating patterns can greatly improve the probability and conviction and help your trades in the long run.
This short video looks EQR.asx which is a share listed on the ASX. By reviewing the previous price action, we can see that the current setup is so far following the same path as a previous big winner....I will be watching to see if history does repeat!!
Hope you enjoy
Key Levels and US Market Review for the Asian session open 29/03European markets gapped up and then saw a slow grind lower while the US could not take out the previous sessions highs and also moved lower into the close. The US was weighed down by big tech as inflation and rate rises are again the main focus. US Bond yields continued to press higher which weighed on tech stocks and the overall broader market. Elevated Consumer Confidence levels gave the market some confidence as the banking crisis starts to fade to the background for now.
Asian markets are expected to open mixed with the ASX200 set to open down 25 points, the Nikkei set to open flat and the Hang Seng to open up over 300 points after a strong overnight session.
I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. The Fed will need to see hard evidence that inflation is coming under control first.
A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Nifty Demand and Supply Zone for 28th March 2023Nifty Demand and Supply Zone for 28th March 2023
Can long above green/ demand zone if price action shows bounce from that zone with SL below zone.
Can short below red/supplyzone if price action shows rejection from that zone with SL above zone.
Good Luck.
View for education purpose only.
Key Levels and US Market Review for the Asian session open 28/03European markets bounced back to finish higher and provide a stronger start to the US session. The US was mixed with the DOW higher while Tech was lower as traders now re-focus on inflation and higher interest rates. This can be seen through support into the USD and higher US Bond yields. As the banking crisis takes a backseat in the news, I expect traders will again be dealing with the prospects of further rate rises and may punish risk assets.
Asian markets are expected to open slightly stronger with the ASX200 and Nikkei to open up while the Hang Seng may open flat and find further selling pressure after yesterdays choppy trading day.
I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed with the lingering concerns for the banking sector.
A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Nasdaq -> Not Slowing DownHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 just recently perfectly broke above and already retested a quite obvious weekly structure area exactly at the $12,000 area.
You can also see that within this break and retest Nas100 also created and confirmed a weekly double bottom, we also broke above a weekly bearish trendline and we are also now having bullish moving averages so from a weekly perspective I just do expect more continuation towards the upside.
On the daily timeframe you can see that Nas100 is over and over again retesting the resistance which we have exactly at $12,700, so I am now just waiting for a clear break above the zone and a retest before I do expect the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
TSLA in APEX of Symmetrical TriangleHere we are looking at TSLA on the Daily TF…
As you can see, TSLA has been trading within a symmetrical triangle since November of 2022.
After being rejected from resistance in late February, TSLA made its way back to support, and so far has bounced towards resistance again. As you can see, price action has began tightening as it makes its way into the apex of the structure.
While my stance is currently neutral on which direction TSLA will break, it is clear that there will be a break of this structure in the coming days. If TSLA breaks down, we can expect it to make a move to its lows made in January of 2023. However, if it breaks upwards, I will look for it to run into resistance at the macro down sloping resistance line…
I will continue to monitor its development, and update you all as I see fit!
What do you think TSLA will do next? Let me know in the comments!
Cheers!!
Volkswagen it's about time to buy!Hello traders,
I hope you are doing great!
I know it's been a long time since the previous trade idea here in Trading view but a lot is going on with "The Greek Traders" community along with the V.I.P trading mentorship programme.
We can see a trade we have also shared on the V.I.P group since the previous week.
We are reffering to the "Volkswagen" stock trade of course, let's see why we are long on the stock as always combining fundamental analysis with technical analysis!As noted in the "The Greek Trader" seminars also, if fundamental analysis doesn't align with technical analysis we don't enter any trade!
Firstly we are in clear bear market in Volkswagen stock since almost 2 years now from the high of 357.40 euros at 15/03/2021, as uncertainty from Covid-19 hit the markets.Also less incetives from the governments for the purchase of an EV vechicle as the maket is entering a more mature stage along with supply chain bottlenecks, rising inflation and geopolitical uncertainty also took a toll on many companies in 2022.
Technical Observations
1.As we can see after that 2 year downtrend RSI has already started to build a bullish divergence on the weekly timeframe since June of 2022, that's very strong indication of the slowly shifting momentum especially when we are reffering to the weekly timeframe!
2.We can seet the 5 Elliott waves since the high, we are currently on the 3rd wave and we can trade the counter trend 4th wave to the upside.
3.The 4th Elliott wave that's an equal projection of the 1st wave we can see that coincides perfectly with the Fair value gap that has not been filled and with a previous support/resistance level that has been respected multiple times.That's the reason we will have our TP in that area (162-167 Euros).
4.We have also put the FIbonacci timezones and fibonacci retracements levels and we can see that both of the are aligned with the previous Elliott wave theory.
5.We are waiting a double bottom to be formed or a lower low with bullish divergence and a bullish candlestick formation to enter long at 113-116 Euros area.
Fundamentals Observations
1. The Covid-19 pandemic and subsequent global lockdowns in 2020 saw the stock's price fall to its lowest level in almost five years. After starting at €175.60 on 19 March 2020, it sank to €79.38. Over the later months of the year, as economies began opening up, VOW3 seemingly began to recover and closed the year at €152.40.
2. In 2021, the carmaker announced it was increasing its EV capacity and scaling up MEB (modular electric drive matrix) use. In March, the company stated it planned to deliver a total of 450,000 EVs to customers – more than twice the figure delivered the year before. Volkswagen’s EV sales during the first three-quarters of the year put it in third place, with a 10.1% market share compared to 21.5% for Tesla, reaching an all-time high of 357.40 euros at 15/03/2021.
3. VW group had invested a lot on biofules but as part of the revision of the Renewable Energy Directive (RED), the European Commission proposed reducing the contribution of conventional biofuels in transport from a maximum of 7% in 2021 to 3.8% in 2030, that was a blow for the VW group.Now with the FY23 budget VW is turning it's main focus on the EV sector with more than 200$ billions investments for the next 5 years.
4. 2022 proved to be interesting for the EV market, Iola Hughes of Rho Motion told INN at last year’s Benchmark Week. Headwinds for the sector came following Russia’s invasion of Ukraine and China’s lockdowns in the first few months of the year.EV-volumes.com sales data shows that the global total for last year came in at 10.5 million units across BEVs and PHEVs.
“An impressive growth of 55,4 percent in a difficult vehicle market as a whole. BEV sales increased by 59 percent to 7,65 million units, PHEVs by 46 percent to 2,86 million units,” the firm states. “The global EV share in light vehicle sales is 13 percent for 2022.”
5.Supply chain constraints appear to be easing and sales expectations for 2023 for passenger cars and light-duty vehicles, Rho Motion forecasts over 14 million global BEV and PHEV sales in 2023.
6.(Reuters) - South Carolina Governor Henry McMaster on Monday signed legislation approving $1.29 billion in state incentives for Volkswagen's off-road brand Scout Motors to build a $2 billion manufacturing plant for trucks and SUVs.
The project could also receive up to $180 million in job development tax credits based on hiring, said South Carolina Commerce Secretary Harry Lightsey.
In May, VW said it would reintroduce the Scout off-road brand in the United States, offering new electric pickup and sport-utility vehicles. Scout said it hopes to eventually create 4,000 jobs and produce 200,000 Scout vehicles annually.
Groundbreaking is planned for mid-2023 and production is projected to begin by the end of 2026.
7.Earlier this month Volkswagen said 2023 sales will rise by between 10-15%, and the operating profit margin will be between 7.5 and 8.5% compared with 7.9% in 2022.
POSSIBLE LONG TRADE
ENTRY AT THE RETEST OF 113-1.116 EUROS LEVEL
TP1 163 EUROS
TP2 167 EUROS
STOP LOSS 111.80-112 EUROS
RISK/REWARD 17.60-17.70 !
THANK YOU ALL FOR SUPPORT!!
KEEP FOLLOWING AND SUPPORTING MEANS A LOT TO OUR ME!
Happy profits everyone!!
THE GREEK TRADER