Consistent_Trades

Consistent_Trades

XLF daily - there is more and more chance that financials will drop hard and fast. It just can't break out of the neckline and continue it's moving up. It pops twice in the last 3 sessions above the trend line but those trend lines are very strong resistance areas. XLF is close to decision time, meaning will bulls win and this will trigger an inverted Head and...

Consistent_Trades

THE CONSISTENT TRADES analyze SHLS as a bullish/strong fundamental stock and therefore would be traded only in a long position. SHLS is inside a symmetrical triangle which would be bullish when a breakout occurs. Even though it is bullish fundamental stock, its price moves are more bearish than bullish as those red days are on big drops while volume is bigger on...

Consistent_Trades

EURUSD had several months pump and now it's come to the end. From Nov 2022 it starts to form a rising wedge pattern which is very bearish when breaks. Breaks were made on Friday just as it was predicted in the last analysis. The break was on massive volume and on massive candle just as it should be which is very bearish. It is below 20 days MA which is bearish,...

Consistent_Trades

DXY had very strong and powerful breaks out hard from a falling wedge which is very bullish. Pretty soon DXY will meet with a resistance level that could act as resistance and that is 50 days MA and a rising trend line which was supported from summer 2021 till a few weeks ago. On another side, it breaks 20 days MA so it could boost the price. After the report for...

Consistent_Trades

The dollar breaks out hard from a falling wedge which is very bullish. Target just for the falling wedge is around BigRed where will dollar meet with a big resistance level. Chances to go there or even higher are great, especially after such strong Nonfarm payrolls and unemployment which indicate FED will have to continue with interest rate. With dollar 1, 2, and...

Consistent_Trades

TSLA had a great rise from the button just as was predicted in the last two analyses, and after the report, it was even more bullish than was analyzed. TSLA had an unhealthy rise from 100 to 200$ in 3 weeks, which will now be likely corrected. Not only 200$ round number was strong resistance but also support and resistance from Oct, Nov and Dec were too strong...

Consistent_Trades

ORCL daily didn't change too much from the last report/analysis. It is still in a rising wedge and prices arrive at the end of the pattern. Even though the market had an extreme bull run the last 2 weeks ORCL didn't move too much. Once the price breaks the lower trend line, it would be a very nice short-sell position with a very big reward-to-risk ratio as major...

Consistent_Trades

AMZN after the solid ride for the upside went to resistance and got smashed very hard. Resistance is too strong for now and likely for some time. There is BigRed plus a falling upper trend line from the pattern. It is in a falling wedge pattern which when it breaks out will be very bullish. Because of that hard rejection from resistance, it is a sell signal for...

Consistent_Trades Updated 

SLV consolidating at this level and waiting for GLD for the next move. SLV did a cool price by consolidating just below 2 trend lines which could be very bullish if break them. However, the issue could be as GLD is way overbought and likely will drop. With a drop-in GLD, it would be hard for SLV not to drop too but in the stock market, everything is possible. SLV...

Consistent_Trades Updated 

USO was in a huge bullish pattern falling wedge. It break out of it several days ago but it simply can't move up further. If it drops inside the pattern it will be a dead hook or fake breakout and could be very bearish and fast. Volume on the drop confirmed price action which could be bearish for oil. RSI is dropping but is still in a neutral area. MOCD drop...

Consistent_Trades Updated 

QQQ has a major pump-up on hype from great earnings from AAPL, GOOG, and AMZN plus driver by META news they will be buying back stocks. QQQ gapped higher and continue the whole day driving up. Volume was huge, just a real one when capitulation is in progress. Just before the close market start to sell buy but retail traders came in in the last 3 weeks. It's way...

Consistent_Trades

DJIA daily is not able to break out of a symmetrical triangle which is bearish. Furthermore, DJIA formed a Hanging man reversal candle stick pattern which is a bearish sign. The resistance is obviously too strong for breaking out which could be an indication f an imminent drop below the trend line and breaking down from the pattern which would be very bearish....

Consistent_Trades

SPY day finished very strong but with too much hype as there was no reason for such a strong pump from a technical point of view, we had almost pure bear capitulation in the market when a lot of famous bears from the media said maybe it is a new bull market. And we all know what happened when bears become bulls and bulls become bears! It is over-extended from al...

Consistent_Trades

The USD Dollar index monthly continues to drop while the market is surging higher. After an extreme rise in the last two years, Dollar corrects from highs. January did drop below the trend line which is bearish. At the moment it is on several levels of support which will be hard to break on the first try, therefore, it didn't get a sell signal. There is support...

Consistent_Trades

XLF (banks) monthly was in a huge symmetrical triangle which start to form at COVID lows and January did break out which is bullish while the month finished slightly above last month's high which is also bullish as we got higher highs and higher lows or trends. However, volume is not the best and doesn't confirm too much this price action much as on break out of...

Consistent_Trades

QQQ (Nasdaq) monthly finished bullish. Monthly candle close above two trend lines and 8 month MA which is bullish. After dropping last month and falling below the trend line and 50 months MA, QQQ manage to "heal" them self therefore we must give a buy signal on the monthly chart. The first major resistance would be at 20 months MA green falling line. From the...

Consistent_Trades

DJIA (Dow Jones Industrial Average) monthly finished bullish and closed above all major MA which is bullish. DJIA is at beginning of forming a bullish pattern ascending triangle which after breaking the upper horizontal trend line could be very bullish. However, volume did not confirm price action too much as it was lower than last month which is usually a month...

Consistent_Trades

SPY (SP500) monthly finished pretty strong but at the major resistance. February tells a story, meaning it has to close above the upper blue line and break this symmetrical triangle in which the price is now and continue moving up. From a bullish perspective, SPY is forming a big bullish reversal pattern Inverted Head and shoulder and we are at the neckline....