Apple: Trend-setting battle 🔥📈📉The bears have once again pushed Apple down to the lower border of the green target zone between $170.89 and $185. We continue to believe that the stock is in an overriding uptrend, but for that to be the case, it now needs to climb higher. In this scenario, the white wave (III) is expected to end well above the resistance at $198.23. However, it is important to note that our alternative now has a relatively high probability of 41%. If the price were to fall below $167.62, the first task would be the grey wave (IV).
TECH
Spotify looking extremely bearish and ready for a shortSpotify has put in a confirmation of an existing level as resistance once again. Along with this it is showing clear bearish divergence and and two clear bearish candlestick patterns. This is exactly what we look for when we try and take a trade.
So the trade is easy, we enter at the price today after a small retrace up, then our stop is above the level and the recent high. Why would we want to be shorting Spotify if it broke through that level anyways??
BTC - Critical Zone / Period ❗️📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Potential double-top ahead of earningsMeta Platforms posted a new 52-week high last week, hitting $330.54. After that, it retreated lower, creating a potential setup for a double-top pattern. As a result, we are carefully watching the developments on the daily chart, with the main focus on RSI, which seems to have topped slightly below 70 points last week. In many instances, such behavior is associated with bear markets. Therefore, in the next few days, we will observe whether it will be able to break into the overbought territory; if not, it will act as a warning sign. One thing to consider, however, is that Meta Platforms is scheduled to report earnings next week. Within the past two years, all except for one earnings release were accompanied by a volatile price action and an opening gap the next day. Consequently, we would not be surprised to see a similar occurrence take place this time again. That brings us to the conclusion that staying on the sidelines would be the best alternative until the company releases its earnings.
Illustration 1.01
Illustration 1.01 displays the daily chart of Meta Platforms. Yellow arrows indicate four major opening gaps within the past twelve months. Interestingly, every one of them coincided with the release of the quarterly earnings report.
Technical analysis gauge
Daily time frame = Bullish
Weekly time frame = Bullish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BTC - Critical Resistance ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
BTC is currently hovering around a strong resistance zone and round number 28,000.
📈 For the bulls to remain in control, we need a break above 28,500.
In this case, a bullish continuation till the 30,000 - 32,000 weekly resistance would be expected.
📉 Meanwhile, the bears can still kick in short-term and push lower till the lower bound of the red rising broadening wedge pattern.
However, the bulls would remain in control medium-term as long as the lower red trendline holds.
Which scenario do you think is more likely to happen? and why?
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
QQQ: 3 Falling Peaks at Bearish Shark PCZThe QQQ has been trading at the PCZ of this Bearish Shark for quite a while now and it has recently come back to make a 3rd Consecutive Lower High with Hidden Bearish Divergence on the RSI and looks to be ready to confirm it as a 3 Falling Peaks Pattern that I think would result in a major move down towards the 800 EMA or even lower down to the pre-2022 levels.
$QQQ The Precipice?We are nearing a meaningful trigger on the daily at cost basis above. This is in confluence with our downtrend channel. Tomorrow We will utilize the PBS to take QQQ to 375.50 if our levels above are reclaimed. If we stop and chop the rest of the day BUT HOLD the daily floor as reference, then next week will be above CB and we are looking for the 380s. Otherwise, the box we left is a box to retest, and with today momentum behind us, it is a possibility.
Eyes on the S&P500The S&P500 is looking to break back above the 4300 key level of resistance.
Should it do this I expect the asset to rest to 4400 minimum and so will close the rest of my short, I do not expect to go long as of right now.
The larger time frame still suggests that we are now in a downtrend, with the lower high and lower low - A third consecutive lower low would be a great short re entry.
CrowdStrike going up!A bit unusual for me to try and make a idea about a specific stock, but here goes!
Crowdstrike has always been a darling for me and I have been in-and-out of the stock a couple of times, but this time im in it for the long run!
Clear upwards trend, with a nice couple of close support/resistance levels.
The current one we are at now from 168-169. Should go higher, based on their incredible earnings.
TP 1 - just above the 180-level, should be reached start-mid November and should hold that support.
TP 2 and 3 will be commented later!
Follow and keep track of the stock!
Good luck!
AMD Falling Wedge Breakout - BullishWe traded AMD for over 100% leveraged profits a few moths ago. After hitting both our targets it made its way back to support to give us another great opportunity with a perfect RR.
Check out our older trade and it's perfection.
This trade is less convincing than the last, however the stop loss level is clear as there would be no reason to hold the asset below that support.
NAS100 H4 | Tech under pressure?The Nasdaq 100 (NAS100) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 14877.90
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 15132.35
Why we like it:
There is a pullback resistance that aligns above the 61.8% Fibonacci retracement level
Take Profit: 14496.90
Why we like it:
There is a swing-low support level
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BTC - Looking For Trend-Following Buy Setups↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Bitcoin has been overall bullish trading inside the rising channel in orange, and it is currently approaching the lower bound of the channel.
Moreover, the zone 27,000 is a demand zone.
🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the blue demand zone and lower orange trendline acting as a non-horizontal support.
As per my trading style:
As BTC approaches the lower orange circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Longest Consolidation Period Since 00's | 1D, 1W ChartsAAPL Tech Giant vs The World
AAPL has had a rough couple of weeks so to speak. With Treasury yields, to their new iPhone 15 overheating issue, there is much to be said about how this will playout in the long run for AAPL stock. Tech giants 12 month price-to-earnings ratio fell to 27 from 34, but APPL is forecasted to reach higher earnings in Q4 and beyond. September could be said to be a messy month for The Magnificent 7, but hopefully this is the calm before the storm.
1W Chart
- Moving Average: Let me explain why this is such an important indicator. As you can see I have labeled the number of times AAPL ducked bellow the 50 D SMA, and after every duck came a rally to the upside, as soon as it broke through the average. This has been a 15 year trend. Now if it were to duck under the 50 D SMA again, after it already had, then this would be a very bad sign . Expect to be consolidation for God knows how long.
- RSI: In every bull rally, I have shown the average support levels in the RSI, this is to make sure we are staying on trend. Now there is a red line that can be seen at 37, this indicates the lowest level the RSI has gone during a Bull Rally, if it were to break this level, we are now in the longest consolidation period since the 00's.
1D Chart
- Moving average: Nothing fancy, it's there just in case, However, there are important levels that need to be discussed. There are 2 potential levels of support that AAPL needs to hit in order for it not to be considered consolidation. 164 and 157, with 157 being the lowest. Obviously not these exact same numbers but around this area is what we need to be looking at for a couple of days.
- Stoch RSI: Is at a level where we can start breaking higher.
Extra
- Make sure to look at other Tech Giants and Treasury Yields for any correlation, as I did not have the time to include them in this Idea.
Please let me know your thoughts in the comments, if you liked this Idea, give it a boost as it helps he out in making more charts for you guys!
AAPL Targets Lower, Be SmartWe are at an interesting zone when it comes to AAPL. It's holding strong above the most relevant pivot low as you'll see in the chart. There is a chance that it can go up fro here so if you would like to long, I would place a stoploss elow the recent wick low. I would also manage my position size so the its a 1% risk on the trade it your stop was to hit.
In the end, when zooming out, I think AAPL will retrace back to the bottom of the channel before pumping higher. There are a few key levels on the way dwn where we can expect a reaction and other trade set ups to play out.
I'm currently long, anticipating a small bounce at these levels, with a 1% stop under the current wick low. Lets see how it all plays out.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
MSFT Targets Bottom Of ChannelMSFT has been rejected from the top of the ascending channel and is looking to continue it's sell off to the golden pocket shown in the chart or the bottom of the channel.
not shown on this chart but if you zoom into the 1hr TF or 4hr TF, you'll notice that it did perform a Swing failure pattern and it could move up from these levels but in the upcoming weeks i expect price to continue falling and have a nice reaction at the golden pocket or bottom of the channel.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
IBM Bearish Pattern!!!When taking a look at IBM, we an see that it has had an impressive climb over the past few weeks. This bullish climb is also printing a bearish reversal pattern. The rising wedge breaks out to the downside more than it breaks upward. With this being said and the price action approaching the end of the wedge, i would expect a drop from these levels to the next support around 5% down.
If you end up taking a trade, use risk management so you don't lose more than 1%-2% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
HERO: $0.09 undervalued for now when Gates and Buffet bought Actrivision for $68bn and $1bn for the latter that presented a bench for Gala and the rest of gaming projects
Hero is both a device gadget machine = TECH that realizes BLACK MiRROR's concept of next generation social beings
at $450M cap.. this is target for a take over or big funds to get volume before it catapults above UNICORN levels
metahero.io
Analyzing Nasdaq-100 $NAS100 for Potential Double Top ReversalThe NAsdaq-100 (NAs100) index is currently displaying a classic double top formation on the weekly timeframe, signaling a potential bearish reversal following a robust 7-month rally. This surge was primarily propelled by a select group of companies utilizing AI technology.
A Double Top pattern, characterized by two almost equal peaks, serves as a bearish reversal indicator. It suggests a potential shift from an uptrend to a downtrend, signifying a slowdown in buying pressure and an emerging influence of sellers in the market.
To confirm a downtrend, keen observation of the critical support level at 14,500 is vital. A breach below this level would not only cross the intersecting trendline but could potentially prompt a 5% decline in the index in the short term. Such a move could mark the beginning of a bearish market sentiment.
An intriguing correlation exists with NVIDIA's chart, which shares similarities with this pattern. Thus, it's imperative to closely monitor this tech giant's performance, given its significant influence on the broader tech sector and, consequently, the entire market.
This information should be viewed as guidance and not definitive instructions. Thorough research and consultation with a financial advisor are essential before making any investment decisions.