Nathan_The_Finance_Hydra

Nathan_The_Finance_Hydra

• TSLA hit our target area last Friday, around $177, and it is now triggering a Bearish Engulfing candlestick pattern on the daily chart. I mentioned this target on our previous TSLA analysis – link below this post; • The problem is that TSLA triggered this Bearish Engulfing under the $177 resistance, and it is back under the 21 ema as well, indicating that TSLA...

Nathan_The_Finance_Hydra

• The SPX failed in breaking the resistance at 4,148, which is the neckline of an IH&S chart pattern; • If it loses the 21 ema, it might frustrate this pattern, and in this case, we would seek lower levels on the daily chart: • The index could hit its 21 ema next, if it keeps losing momentum on the 1h chart, while the main support is at 4,048; • The 4,048 is...

Nathan_The_Finance_Hydra

• TSLA stock looks impressive, as it is doing an important reaction today, trying to reject the Hanging Man candlestick pattern from Monday; • In theory a Hanging Man pattern is a famous top signal, however, evidence suggests that this pattern acts as a bullish continuation roughly 59% of the time (BULKOWSKI, Thomas. Encyclopedia of Candlestick Patterns, p....

Nathan_The_Finance_Hydra

• NIO is trying to reverse the trend on the 1h chart, as now it is above the 21 ema, which is ascending; • What’s more, NIO just filled one of its gaps at $8.29, but it seems this area is acting as a resistance now; • The problem is that we don’t see a clear bullish structure, like a higher high/low yet. This gives the impression that this was just a short-term...

Nathan_The_Finance_Hydra Updated 

• The SPX did a Double Bottom chart pattern, just above the 4,048 support area, indicating that it is poised to seek higher levels from here; • The trend is still bullish, and only if it performs a clear lower high/low we would see this changing – meaning, if the index is about to reverse, the confirmation will come if it loses the 4,048; • For now, it appears it...

Nathan_The_Finance_Hydra Updated 

• After breaking its main resistance lines in the 1h chart, TSLA is in a bull trend, doing higher highs/lows, while trading above the 21 ema; • Since the short-term momentum is bullish, it should hit its next technical target at $177.65 – in theory; • The previous resistance at $169.60 (red line) seems to be acting as a support level today, which corroborates the...

Nathan_The_Finance_Hydra

• NVDA is extremely bullish, and in spite of the top signals it gave us last week, it didn’t trigger any single one of them, frustrating any bearish thesis on it; • The 21 ema, the first support level, has been acting as a good support level this year; • The $262 is a key support level, and only if NVDA loses it we might see a further...

Nathan_The_Finance_Hydra

• QQQ corrected to the 21 ema again, after filling the previous open gap at 322.08 (open since Aug 22, 2022); • It is ok to see QQQ losing strength after reaching this key resistance, however, in order to maintain the bullish bias, the 21 ema must act as a support; • If don’t, QQQ could easily seek the next support level, which is around 310, and this would...

Nathan_The_Finance_Hydra

• NVDA finally hit its long-term target this week, the 289 resistance, which I mentioned in my previous public analysis (the link to it is below this post, as usual); • It has been correcting since then, as it did a top signal just under our 289 resistance (Bearish Harami). However, the trend is still bullish, as NVDA is still doing higher highs/lows and it is...

Nathan_The_Finance_Hydra

• The SPX has been correcting since it hit our target, the technical resistance around 4,170, but it seems it is stabilizing above the 21 ema; • We set this target on my previous analysis (the link to my previous public analysis is below this post, as usual), before the SPX confirmed its bottom, when it was still below the 21 ema in the daily chart; • Now we see a...

Nathan_The_Finance_Hydra

• TSLA has finally made a bottom signal above the support line at 154.76, indicating that it should jump to higher levels; • The problem is the key point around 164, a previous support level that is acting as a resistance now. This is the same key point we mentioned in our previous TSLA analysis – the link is below this post, as usual; • Also, despite the bearish...

Nathan_The_Finance_Hydra

• The SPX is doing a bullish reaction today, which could become a bottom signal and a possible bullish reversal – but it is too soon for this; • Since the SPX lost the 4,078 support line, it was supposed to hit the next support line around 4,039. However, it is did bullish reaction in a “no man’s land”, and now it is trading above the 4,078 again; • I say it is a...

Nathan_The_Finance_Hydra

• Yesterday, NVDA did what seems to be an Exhaustion Bar, a massive bearish candlestick around a support level, far from its resistance, after the pullback was already materialized; • Today, we see a bullish reaction, and NVDA is bouncing away from its support at 263, and it is breaking the 21 ema as well, trying to reject a very bearish scenario. • The 263 is a...

Nathan_The_Finance_Hydra

• SPX lost a support line at 4,113, and it seems it wants to engage a bearish momentum; • The bias was already slightly bearish, as the index has been doing lower highs (purple line). But now, it is losing a key support line, indicating that it wants to seek lower levels, at least in the short-term. • In the daily chart, the index is about to hit its 21 ema,...

Nathan_The_Finance_Hydra

• Despite the bullish reaction this morning, TSLA is still in a bear trend, and it already lost the previous support line at 163.91, which I mentioned in my previous public analysis (link below this post); • Now, the 163.91 is a short-term resistance line, which reinforces the bearish sentiment. TSLA won’t bounce to higher levels, like 176, while it is below this...

Nathan_The_Finance_Hydra

• NVDA is doing a pullback to its 21 ema, which is a normal movement. The problem is that this correction is occurring after it found a strong resistance at 280; • This could be the beginning of a Double Top chart pattern. In order to trigger this pattern, NVDA would have to lose the 263 support line, which is the previous bottom area; • In this scenario, NVDA...

Nathan_The_Finance_Hydra

• TSLA crashed after earnings, but it seems it wants to stabilize around the 163 support line; • So far, TSLA has been moving with technical precision, as we already discussed this bearish scenario in our previous analysis (link below this post, as usual); • Now, in the daily chart, TSLA just hit its technical support at 163. So far, there’s no bullish reaction...

Nathan_The_Finance_Hydra

• QQQ is trading inside a range, between the resistance at 321, and the dual-support area made by the 21 ema + 313; • Only a breakout would bring something new. If QQQ triggers an upwards breakout, it’ll just resume the bullish bias, and seek the next resistance at 334; • On the other hand, if QQQ loses the dual-support level, it would trigger a Double Top chart...