Matthew852

Matthew852

I made an analysis on the SPX chart, and will be cautious about the latest index movement. I’ve been studying the SPX chart since the bull run began in October 2023, and the recent daily candlestick action with rising volume is concerning. Over the last 1.5 years, I identified five major distribution days. In the previous four, we didn’t see a follow-up surge in...

Matthew852

The weekly candlestick has just broken the long term support trend line. Maybe it's the time to set your stop loss at the lowest price of this week, and exit your position at the ATH.

Matthew852

A nice head and shoulder pattern. More importantly, the newest report revealed that NIO is having a net loss in the previous 4 years, money loss increasing. Tell me about your idea in the comment session below :)

Matthew852

Its seems that its is more likely for HSI to breakout upward. What's your opinion, tell me more in the comment session below.

Matthew852 Updated 

Aggressive setup. Tight stop loss. It seems this is still the rebound. Leave your comment below if you have other opinions. Really appreciate that.

Matthew852

Huge volume and bearish candlestick today, with the downward penetration of the rising channel, indicate the bullish status of the index has been destroyed. Measures target from the channel is 26734 with the support of the golden ratio. At the same time, the market is seems constructing a head and shoulder top, and the target is 26008. Don't hesitate and please...

Matthew852

head and shoulders pattern. One on the bottom, one on the top. So weird...

Matthew852

A head and shoulder bottom 10 yrs ago. Btw is it still effective now? Please leave some comment!!! :)

Matthew852 Updated 

Candlestick: Evening Star Price Pattern: Expanding Triangle (Megaphone), unable to break the resistance line, looking for an A wave. Rsi divergence support Please leave some comment for my analysis, Thank you so much :) Give a thumb's up if you like it !!! Happy Trading~~~

Matthew852 Updated 

Hammer appear today. For Fibonacci analysis, Strong support at level 0.618 for the shorter swing. Strong support at level 0.786 for the longer swing. Both support and the pivot point locate at about 27500. For Price pattern analysis, Price is hitting the lower supporting trend line of the increasing channel. It is predicted that the price is bounce back to the...

Matthew852

Good earning surprise. Price pattern: Converging triangle, undergoing E eave. However, stochastic is overbought now, long opportunity when the price break Resistance 1 and break the descending trend line.

Matthew852

HSI is undergoing E wave, due to the breakout at 26434, the target of HSI is pushing to a higher point at 28548, which is the highest point two years ago. Do you agree with that, please leave some comment.

Matthew852

Undergoing C wave. Support at 24891. Do you agree with that? Please leave some comment.

Matthew852

Oil is undergoes C wave now I guess. Do you agree with that? According to Elliot Wave Ratio, C wave is usually 100-165 % long as A wave. In my point of view, oil price will hit $36.3 if the market is pessimistic.

Matthew852

Break the support at $45.81. CCI goes between 0 to 100. Is time to short!

Matthew852

Formation of expanding triangle, E wave is progressing. At the same time, RSI oversold, long opportunity. The first resistance is 0.236 fib at $10.618. Do you agree with that? Please leave some comment. :)

Matthew852

Long opportunity while waiting for breakout at $47. Do you agree with that? Please leave some comment.

Matthew852

Consolidation pattern. Not sure whether price will break the lower trend-line, since there are engulfing bearish and stochastic oversold at the same time. Testing the first support at Fibonacci 0.382. Please leave some comment. :)