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TESLA Major bullish break-out above July's Lower Highs.Tesla (TSLA) broke today for the first time and even closed the 1D candle above the Lower Highs that started on the July 19 High. After 4 months of the bearish trend of this Falling Wedge pattern, today's move is a major bullish break-out for the long term as it opens the way for testing the All Time High (ATH) by mid 2024. At the same time, the 1D CCI broke above its Lower Highs trend-line, which is always a bullish signal. Also this is the 2nd time that the 0.786 Fibonacci retracement level is tested, which is where both of the previous Lower Highs rejections took place. On the short-term though we can follow the (dotted) Channel Up extension which after holding the 1D MA50 (blue trend-line) - 1D MA200 (orange trend-line) as the Support zone, can technically peak on a +19.80% rise, like the first bullish leg. That falls within the Resistance 1 - Resistance 2 zone. We will pursue the more modest target of 268.85 (Resistance 1). If the price then breaks above Resistance 2 (279.00), we will re-buy and target 299.50 (Resistance 3). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
2
AMD laying path to the All Time High.Advanced Micro Devices (AMD) hit our 133.15 target that we called for a month ago (see chart below): The price is now extending the rise within the multi-month Channel Up, approaching the 0.618 Fibonacci Channel level. This is where the March 23 High was made with the rejection that followed, approaching the 1D MA200 (orange trend-line). As long as the short-term Channel Up (as you see it is a very common pattern within the wider structure) holds, we will be bullish, targeting 160.00 (Fibonacci 0.786 and close to the All Time High). If the short-term Channel Up breaks, we will sell and target the 0.236 Fibonacci and 1D MA200 at 110.00 (or if contact is made higher, then close on that price). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
APPLE Technical top at $210.Apple (AAPL) hit on Friday our $195.00 short-term target which we called on our latest November 12 analysis (see chart below): The rally seems far from over as the recent pull-back turned out to be only a Bull Flag pattern, which typically prompts to a continuation of the trend. Being within a long-term Rising Wedge pattern, this pull-back resembles, even on 1D RSI terms, that of March 02, only on weaker strength (reasonably as the sequences get narrower towards the end of the pattern). That first rally of the Wedged peaked just above the 1.382 Fibonacci extension. The current sequence's 1.382 Fib is at $210.00, which falls perfectly at the top (Higher Highs trend-line) of the Rising Wedge, and that is our medium-term target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AAPLLong
by TradingShot
META Is it a BUY again?Meta Platforms (META) hit our $320.00 target after our most recent November 19 call (see char below) following a clear rejection on the Higher Highs trend-line: The stock has since held the 1D MA50 (blue trend-line) as its short-term Support and turned into a buy again. The short-term target is still limited to the Higher Highs trendline and in that sphere of logic, we will target $350 (Target 1). If however Support 1 (313.50) breaks, we might see another almost -16% decline, similar to the previous two bearish legs since July 28, which can test the 1D MA200 (orange trend-line). That will be the strongest buy opportunity on the medium-term and we will target again the Higher Highs trend-line at $360 (Target 2). Any candle closing above the Higher Highs trend-line will be an automatic bullish break-out signal, targeting straight the All Time High at $384.50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:METALong
by TradingShot
1
SNAP The best short on the market.Snap Inc (SNAP) has been on an incredible rise since practically October 26, which was straight after the bottom on the Higher Lows trend-line of the 1-year Bullish Megaphone pattern. Technically that is the pattern's 4th bullish leg towards its top (Higher Highs trend-line). The price is very close to that level, which is also where the 1W MA100 (red trend-line) is waiting. That is a trend-line that has been untouched for almost two years (January 04 2022). Obviously it is a major Resistance and coupled with the fact that the 1D RSI, besides touching its Higher Highs trend-line, is on the highest overbought level in three years (Oct 23 2020), makes a case for one of the strongest sell stock picks in the market. All of the Megaphone's Higher Highs rejections have pulled-back to at least the 0.5 Fibonacci retracement level before a bounce. As a result, as long as we close the 1W candles below the 1W MA100, we are shorting Snap, targeting 12.00 (slightly above the 0.5 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:SNAPShort
by TradingShot
4
SPOTIFY Buy opportunity on the 4H MA50.Spotify (SPOT) opened considerably higher yesterday but almost closed the 1D candle flat as it couldn't diverge more from the general bearish market sentiment. Clearly this opening jump indicates the stock bias to continue the bullish leg of the Channel Up that started on October 23, but a small pull-back along the majority of the market is probable, which can serve as a more comfortable buy entry for a rally to the end of the year. Based on the 1D CCI, we may be in a similar situation as February's temporary top, which pulled back and only found support on the 4H MA50 (red trend-line). As a result we are looking for a new buy on the 4H MA50 in order to target the 0.786 Fibonacci level at 208.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:SPOT
by TradingShot
MICROSOFT The 1D MA50 will be the buy opportunity for Xmas.Microsoft (MSFT) is trading inside a Double Channel Up pattern, with the longer term one (blue) starting on the January 06 bottom while the shorter term one (dotted) starting on the September 14 High. The latter Channel Up can be seen with the same structure earlier within the long-term Channel Up as well. It started after the stock pulled back and hit the 1D MA50 (blue trend-line), which provided a strong rebound. The same kind of 1D MA50 test took place on October 26, which initiated the current bullish leg (November). As the 1D RSI is posting a Bearish Divergence (Channel Down) simiarl to March 17 - April 12 and the 1D MACD completing a Bearish Cross, we expect one final pull-back towards the 1D MA50. That can be the ideal buy entry for the end-of-the-year rally. Our long-term target is always $460, representing a +43.50% rise from the 1D MA50 bounce (similar to March 13). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:MSFT
by TradingShot
1
TESLA Moment of truth for long-term buying. Will it fail?It was almost a month ago (November 03) when we called for the start of a rally on Tesla (TSLA) as part of the bullish leg towards the top of the Falling Wedge pattern (see chart below): Today the stock hit our $250 target and immediately got rejected at the top (Lower Highs trend-line) of the Wedge. That was on the 0.786 Fibonacci retracement level of the previous Lower High, the exact symmetrical level where the September 15 High was rejected. This is a critical moment for the trend as failure to break and close a 1D candle above the Lower Highs trend-line, will maintain the bearish structure of the Falling Wedge, forcing us to sell again and target the 0.618 Fib level at $217.15. If however we close that 1D candle above, the Falling Wedge gets invalidated and with that the bearish trend, which transitions into a Channel Up (dotted lines) on the medium-term. In that case we will dump the short (low risk with the SL on the Lower Highs) and resume buying, targeting Resistance 1 at $268.85. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLA
by TradingShot
NETFLIX Expect this rally to be extended.Almost a month ago (October 31) we gave a strong buy signal (chart below) on Netflix (NFLX) with the price reacting immediately having entered a non-stop rise: Due to the sheer aggression of the current bullish leg of the Megaphone as compared to its previous ones though, we have to downgrade our medium-term target to $580, which will make a perfect +69.30% rise from the bottom as the July 18 High. Their RSI patterns are quite similar, though obvious that the current is more aggressive, hence will correct equally aggressively at some point, probably early-mid January 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLXLong
by TradingShot
1
ROCKET LAB can give +100% return. Best stock opportunity now?Rocket Lab USD (RKLB) has been consolidating for exactly one month (blue Arc pattern) after touching the Higher Lows Zone and now uses the 1D MA50 (blue trend-line) as its Pivot. We can see the very same consolidation pattern during the previous two market Lows (April - May 2023, June - July 2022), which gave enormous rallies of +114.46% and +105.08% respectively. Similar with today's pattern, each bottom was priced on a 1D RSI Higher Lows sequence, which is a major Bullish Divergence. As a result we consider this one of the best high cap stock buy opportunities at the moment, and aim for at least a +105.08% rise, targeting $8.20. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RKLBLong
by TradingShot
8
NVIDIA Incredible strength long-term. Is $1100 realistic?NVIDIA Corporation (NVDA) gave us a great bottom buy entry last time (October 22) we made a call on it and invalidated the Head and Shoulders pattern (see chart below): This time we look at it on the 1W time-frame where it is on the 4th straight green weekly candle, approaching the Higher Highs trend-line. The 0.236 Fibonacci retracement level and the 1W MA50 (blue trend-line) provide Support, while the 1W RSI is on a Bearish Divergence (Channel Down) but the 1W MACD is about to form a Bullish Cross. The last we had the above combination of indicators, was February 16 2021. At the time, the 1W MACD failed to make the Bullish Cross and the stock pulled back to the 1W MA50 but when it formed the Cross on April 12 2021, it broke above the Higher Highs. What followed was a 7-month rally to the -0.618 Fibonacci extension. As you can see, the symmetry between the two fractals is striking. When the MACD Bullish Cross takes place, we would assume a similar rise and the -0.618 Fib target will be at $1100. Is that in your opinion realistic for Q3 2024? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDA
by TradingShot
APPLE Last BUY opportunity before a new 18 month expansion.Last time we looked into Apple (AAPL), it was still trading within the 2023 Channel Up (see chart below) and gave us an excellent technical pull-back buy opportunity: This time the stock is after a 3-month pull-back that is testing the 1W MA50 (blue trend-line) for the first time since the week of March 13. On the wider picture of Apple in the last 10 years (1W time-frame), such pull-backs have been nothing more that consolidation phases before the next Expansion (usually 18 month - green arrows) that leads to the eventual peak and a new yearly correction (red arrows). Those consolidation phases find Support on the 1W MA50 (even the COVID crash broke it just marginally), unlike the yearly corrections which find on the 1W MA200 (orange trend-line). What's astounding is the frequency of the consolidation pull-backs, which can be very effectively displayed with the use of the Sine Waves. As you can see on our chart, in the last 10 years, all pull-backs to the 1W MA50 after a 1W MA200 rebound, are located at the bottom of the Waves. This indicates that most likely the current one is over and investors are expected to 'ride' the new 18-month Expansion wave to the new All Time High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AAPLLong
by TradingShot
1
A Glimpse Into the Future of AI Companies StocksInvesting in AI companies can be a wise decision, but like any investment, it is important to do your research and understand the potential risks and rewards. Companies such as UiPath, Intuitive Surgical, and Palantir Technologies have seen significant growth in recent years, but it is important to consider their market capitalization and share prices before investing. UiPath, a software automation company, went public in April 2021 with an initial market capitalization of around $36 billion. Intuitive Surgical, a company that produces surgical robots, has a market capitalization of over $93 billion. Palantir Technologies, a data analytics company, went public in September 2020 with an initial market capitalization of around $22 billion. It is also important to consider the rating of the shares and the security of the company before investing. For example, UiPath was rated as a buy by several analysts following its IPO, but investors should also consider the potential risks and competition in the market. In terms of upcoming IPOs, there are several AI companies that are expected to go public in the near future, including UiPath's competitor Automation Anywhere, online education platform Coursera, Google’s company Waymo, and others. As with any investment, it is important to do your own research and consult with a financial advisor before making any decisions. While the investment potential of these companies is undoubtedly significant, investors should be aware of the risks involved in investing in new and untested technologies. AI companies are subject to a variety of risks, including regulatory risk, intellectual property risk, and competition from other companies in the sector. As such, investors should carefully consider their investment options and consult with a financial advisor before making any investment decisions. In terms of investment potential, it's important to note that investing in AI Companies can be risky, as with any new technology. However, for those willing to take the risk, the potential rewards could be substantial. The key is to do your research and choose companies that have a solid business plan and a proven track record of success. It's also important to keep an eye on the broader market trends and economic indicators, as these can have a significant impact on the success of any investment. When it comes to security, AI technology is still in its early stages and there are certainly risks involved. However, companies that are dedicated to building secure AI systems and investing in the necessary security measures should be able to mitigate these risks to some extent. It's also important to note that as AI technology continues to evolve, so too will the security measures that are needed to protect it. As AI technology becomes more advanced and more widely adopted, there will be a growing demand for companies that can provide innovative solutions in this space. This presents a significant opportunity for investors who are willing to take a long-term view and invest in companies that are dedicated to the ongoing development of AI technology. ----------------------------------------------- Risk Warning Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses. Risk Disclaimer! General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss Rating: Risky Buy with High Upwards Potential Risk Disclaimer! The article and the data is for general information use only, not advice!
NYSE:PATHLong
by TheTrade_Academ
NETFLIX Is the streaming Giant a buy again?Netflix (NFLX) had a great run since our March 23 long (see chart below) and gave us more than +51% return in 4 months: The long-term pattern remains a Bullish Megaphone and right now the price sits on its bottom (Higher Lows trend-line) as well as the 1D MA200 (orange trend-line), which has been unbroken since November 10 2022. On top of that, the 1D RSI is oversold on the 30.00 Support. Last time it was this low (March 10), the Megaphone priced a Higher Low bottom. As you realize, along with the 0.382 Fibonacci, we currently sit on a quadruple level Support Cluster. Based on the 93 candle (roughly 135 days) rule within this Megaphone, which suggests that at the end of the 93 candle count, NFLX will either be near a High or a Low, we still have around 2 months to call a bottom. As a result, if the 1D MA200 and Megaphone break, we can see a slow descend along the 1W MA100 (red trend-line) and then pick up a reversal. Either way, the once mighty streaming giant is entering a new long-term Buy Zone. Our target is the 0.786 Fibonacci extension ($587.50) even though we wil most likely see the Megaphone peak higher by Q2 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLXLong
by TradingShot
Nasdaq (NDX) -> Dump And PumpMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Nasdaq. For more than 10 years the Nasdaq has been trading in a quite obvious rising channel and just recently retested and already perfectly rejected the rising support trendline. Since the Nasdaq is now retesting the parallel resistance trendline, I first do expect a short term drop to retest the $13.000 support level and then I think that we will see another rally. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:NDXShort
by basictradingtv
30
NVDA Great opportunity on the next pull-back of the Channel Up.NVIDIA Corporation (NVDA) has been trading within a Channel Up pattern for the past 4 months with the price currently on its middle, consolidating around the 1D MA50 (blue trend-line). This price struggle to pick up a rebound, resembles the previous bearish leg of the Channel Up, which after a series of Lower Highs, got rejected to form a new bottom (Higher Lows. The 1D MA50 sideways action as halfway through. We can see a similar consolidation between the 1D RSI structures of the two fractals. The 1D MACD will give a bullish confirmation when it forms a Bullish Cross, but it may a little after the bottom is in, which means you may catch the uptrend on a slightly later stage. In any case it will give a lower risk factor (technically confirmed signal). We will wait for the price to approach the bottom of the Channel Up, assuming of course it doesn't break below the 1D MA200 (orange trend-line) and target $515.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDA
by TradingShot
2
Broadcom (AVGO) -> Stronger Than NvidiaMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Broadcom. Over the past 12 months Broadcom stock rallied more than 120% towards the upside, following the major hype in the whole semiconductor and AI sector. After this recent pump it is quite expected that we will see a short term correction and if Broadcom retests the previous all time high at $630, this will be a perfectly bullish setup. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:AVGOShort
by basictradingtv
30
Intel (INTC) -> Don't Forget This StockMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Intel. Looking back at January of 2023 - after a massive dump during 2022 - Intel stock perfectly retested and started to reject a major monthly structure level at the $27 level. With the next clear resistance level being at $46 I am now expecting more upside on Intel stock before we could then see a short term rejection away from the $46 resistance area. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:INTCLong
by basictradingtv
38
Microsoft (MSFT) -> Retesting The All Time HighMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Microsoft. Looking at the higher timeframe you can see that Microsoft stock is once again retesting the previous all time high at the $340 resistance level. Furthermore Microsoft is also creating an ascending triangle formation so I would love to see another bearish rejection and then the longer term bullish breakout. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:MSFTShort
by basictradingtv
29
Shopify Short term Sell Target Off Major Support BounceHI guys, ive been following Shopify (SHOP), since its test of some important SUPPORT. This is a quick update from my previous idea. (Which you can find down below for more context) We've currently bounced extremely bullish off the SUPPORT level, heading towards a SUpport turned Resistance line associated with the UPTREND channel i identified. Normally when we break down or break above trend lines, that we have respected for some time. We tend to retrace back to that same line to Re-Test it. Such is the case for Shopify. Watch the Volume, an INCREASE/ SPIKE in Volume is absolutely needed to get back ABOVE, resuming our UPTREND. But due note: we are heading into Labor day weekend, thus RISK of LOW VOLUME. I would then consider if you were able to take positions from the SUPPORT level bounce To think about off loading some of your position here. If we do get back into the UPTREND channel from my previous POST. We can look to take new positions if SUPPORT is CONFIRMED. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on SHOP in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy
SShort
by SafofAllTrades
2
NASDAQ - Moon SignalHi everyone, After a LONG LONG LONG bear market, the time is now to share with you some positive news! You can hear everywhere the US recession and Im agree with that (too much money has been created since the COVID). So, I expect about a correction during the next months, probably before spring 2024, but it will not a "death" correction until you hit the bottom of the abyss.. it would be probably something like in 2020, March (hard and fast correction)... BUT The trend show us that we probably started a new BULLISH Trend ! Is that true?! Lets see one of my favorite indicator : MA 50 and 200 timeframe 3 days (Usually I use 4 : RSI, Fibonacci, Hash Ribbon timeframe Weekly and MA 50 and 200 timeframe 3 days). I noticed a new GOLDEN CROSS that appeared very recently... Each time we get this Golden Cross, we has started a great bullish trend. And for more conviction, I'm waiting for a new higher high. I stay careful until we break the last ATH... Let's get the ball rolling! Stay safe! PS: it's not a Financial Advice.
NASDAQ:NDXLong
by Horus83
1