Alright here is a much better analysis. What do we see here? Rising wedge have tendencies to break out 68% of the time, if this rising wedge breaks out there will be a bigger down trend. With the fib laid out we might have a retracement down to .618 which is about 16600 which will be retested and come back up to around 17200. This will form a double top...
Cheers gang. Let us briefly take a look at BTC. What do we see? Is that a rising wedge? Rising wedge is forming that will break out and send us potentially to 15,500. Take a look at let me know what you think.
Cheers! Can we be forming an inverted head and shoulders on the TSLA? Along with double bottom. Can we see $200? What do you think?
Tesla TSLA Technical TSLA has been getting hammered past week, it is down almost -15% from $180 to $169 What do I see on the technical side? - Reached new lows - Strong support at 170.00 - If support breaks we are coming towards 166.00 - We SHOULD see a retracement towards $188 - We are forming a double bottom which is great news - Fib retracement should hold at...
Quick look at the S&P500 SPY Technical is working great on this one. We are clearly in a rising wedge, unclosed gap, and RSI divergence. Many things are working against us. Chart: - Rising Wedge, will break into down side on a 1H - Unclosed gap at $380 - RSI divergence and shows bearish trend. Will we test $380?
Throwing a textbook at the charts it becomes clear at what is happening. This is DIA Dow Jones ETF: - A Clear double bottom formed that pushed DIA to recent resistance - yellow line - Another rising wedge is forming which we will see correction, small correction. - After small correction we will retest Resistance line again. - AFTER the above we will form a DOUBLE...
Hello there! Great news came out yesterday regarding the interest rates by May 2023. Regardless, a great pump in market yesterday. But with such actions opportunities arise that can be seen while charting the trend. Here we have Dow Jones Industrial DJI shown: - A previous falling wedge worked it self into a nice pump. - Heading into correction territory. - How...
ADA Cardano Technical Analysis: - There is a formation of a falling wedge creating lower lows: falling wedges tend to break to the upside. - Previous Falling and Rising wedges have played out already. - Will the current Falling wedge break out to the upside? - A BULLISH Divergence is also forming on a 1HR Chart -- But how far upside? Take a look at the POC - point...
BTC Technical Analysis: - Rising Wedges are being formed. - Smaller Rising wedge is creating higher lows. - Potential to the downside. - How far downside? Between 13-15K Possible? Also take a look at the double bottom formation at the top before we slid down. Folks, these are basic tools to use on a daily basis to find what is happening with Crypto. Follow for...
Alright here is the thing, there are plenty items suggesting that ETH #ETH can potential break to the upside. We are looking at the 1 HR chart here: - Falling Wedge 1 worked great along with Falling Wedge 2. - Do you see a Falling Wedge 3 forming with a potential upside? The only contradicting item is that currently BTC #BTC as posted previously is shown signs of...
We all know the volatile past months and weeks but nonetheless let us look at the technical charts. There seems to be a a Rising Wedge forming on a 1HR BTC which suggest a short on BTC. Can you tell me what your thoughts on how long BTC can go if the wedge breaks to the downside? TL:DR: - BTC Rising Wedge found on 1 HR. - May see a downside momentum. Thoughts?
Lucid analytics: 2 Gaps have been found - short at $12 - long at $18 Key importance are earning report is coming 11-7-22 Monday. Keep an eye on the report. Nonetheless, we HAVE to close the gap at $18. Keep an eye on the earning report and long to $18
GM Analysis: RSI 1HR 52 4HR 69 STO 1HR 64 4 HR 60 Findings: there is a gap @ $52 that needs to be closed. Action: Since the RSI and Stochastics are pretty high on 1hr and 4hr we will see a price correction towards $36 BEFORE closing the gap at $52. WATCH the price correction at $36 before going long closing the gap at $52
Last Week overview: - It is important to find Gaps in the candesticks. - Each gap WILL close eventually. - In this example we see the gap closed with a smallest touch, but nonetheless it HAS been closed. - Falling wedge followed by rising underlying asset.
$AMC Technical Analysis NOTES: - Currently at $23.12 - It is testing the Support Line - Watch for breaks at support line - Squeeze happened last week followed by a stock price drop
Drop me a comment on what stocks you want to see personally charted and I will upload
$AAPL Apple Analysis for this upcoming week NOTES: - Currently at $178/s after hitting Resistance ALL TIME HIGH -There is currently a visible RSI Divergence for the past week -Historically there was another RSI Divergence From Nov 22 followed by a price correction -Watch a Price Correction from an RSI Divergence this week towards the $173 levels
$RIVN Motors Technical Analysis NOTES: -Currently at $119/s -WATCH BREAK at $120 -- IF BREAKS upwards, it will continue to $128 -- IT IS currently testing the $119-120 line -Moved +$5/s today -WATCH Earnings report on the 17th this can change tremendously