It is critical to analyze indices when choosing stocks ! SPN (Energy sector of S & P ) outperformed SPX since start of new year . While SPX is officially in bear market , SPN gained above 30 % so far and was above 60 % at it's latest major high !. SPX bounced back last week raising hopes for bulls however, I think it is just a bear market rally and worst may...
Hi great followers, traders and investors ! Today, We analyzed one of the most important indices in US market. I decided to record a video since I thought that it may be difficult to show what I am thinking in writing. In fact, I wish to transfer my idea better by this video. In this video, We investigate Worst, Moderate and Best case Scenarios. We analyzed the...
COST is showing nicely a very popular price action Quasimodo pattern . Quasimodo pattern is also called Over-Under pattern. It is simply formed by series of Highs and lows as shown on the chart. Sell zone (568-571 USD) was shown on the chart for COST. In addition to strong static resistance of pattern we also have 0.786 Retracement level of the last...
LIN is showing a nice SHORT setup ! however , entrance has not yet triggered ! What are entry triggers? Lets follow and see. As shown on the chart , Wave 2 or B was a real bull trap ! it Retraced back around 0.786 of wave 1 or A. After completion of the mentioned bull trap a considerable decline started which can be labeled as wave 1 of 3 or C. This...
LIN price chart is in a position which suggests several alternatives in terms of Elliott waves and we have to be careful now !. Please keep in mid that when we are in world of Elliott waves we are dealing with possibilities not certainties. I published an idea about LIN with possible 215 and 200 short targets. These targets may still be valid but now we have...
DXY is inside a rising channel in monthly time frame and probably will reach to upper bond of channel. As it is clearly shown in monthly chart , DXY has broken long term major down trend line and there is no major static resistance on it's way up to 121 ! . The only resistance which may be able to push it down is upper bond of mentioned channel ! Can these...
Is this another bear market rally? or just we are at the early stages of new massive bull run? Since hitting 10565.14 low ( which was in 0.5 _ 0.618 Retracement zone of previous major rally from pandemic low to ATH ) , IXIC has started a promising rally for bulls. Is this low market's bottom? It might be, but lets review a contradictory yet valid scenario...
What is the most probable scenario for XPEV? XPEV's move from 22.73 to 47.98 has recovered 50 % of its major drop from 74.49 to 22.73. Mentioned drop is showing a remarkable 5 down going waves which can be labeled as wave A. ( wave 1 is also possible but we skip this alternative for now). last up going wave ( from 22.73 to 47.98 ) can be just wave A of B which...
Are we market makers ? Of course not! Any hidden information we had? Of course we did not . How could we predict a stock path 7 months ago? Is there still any doubt about possibility of Mid term and Long term prediction of a stock or the market? First, lets look at what we saw on the chart seven months ago ! and our prediction : Trading view's page...
Is the correction over for US10Y ? Elliott wave count suggests that US10Y will go higher and uptrend resumption may has been started. US10Y as shown on the chart is in typical Retracement zone for wave 4s. Wave 4s usually retrace not more than 50 % ( some experts accept a shadow down to 0.618 level) of wave 3. In addition our wave iv is in territory of circled...
FED started rate hikes this year and so far has increased interest rate up to 2.25 %. When there was just some news about starting rate hikes market showed a sever bearish sentiment and huge decline started. Now and after 2.25 rate hike market sees 8.5 % inflation as a positive sign !!. 8.5 % is much much higher than 2 % target of FED and implies for continuation...
BTC is going to fight with 4 resistances simultaneously ! Is it able to win the battle? Lets follow. As shown on the chart, resistances are : 1. Major down trend line 2. 100 days moving average 3. Minor static resistance 4. minor dynamic resistance Order of numbers shows importance of resistances with 1 being the most and 4 the least. Do you think BTC can...
BTC shows two different scale bearish divergences when it is at major resistance ! It is a clear warning. Mentioned divergences have been shown on the chart. First is major one and second one is minor but both are clear and beautiful. RSI is making a clear divergence with price : Last established lower high and possible next lower high (Connected by a...
It was unbelievable talking about 70 USD as a major low when it was at 166 USD or even at ATH (See related ideas) ! however we predicted it carefully and time proved the power of our analysis. Also I warned about possibility of a major fall when it was near ATH as my worst case scenario : This is not to give myself a compliment ( Although some may believe I...
PGNY may offer a great chance for buy/investment ! All details are described in the video. Please do not hesitate to ask questions if needed. Hope this to be useful and wish you all the best. Good luck.
Angry bear has mad a weapon integrating three powerful and heavy elements and waiting for the stock to hammer it down ! Long term down trend line , 200 days moving average and lost golden ratio Retracement level are the elements of the bear's weapon. Can BNTX make a heroic attack and defeat the angry bear? Not without a powerful comparable weapon I think. It...
Regardless of what legendary investors (Like Warren Buffett ) or famous traders do, we always should trade our own strategy. OXY was fighting with a strong static resistance and finally lost the battle. We have 9 hits to this static line which shows how powerful it is. False break outs are among the most common traps in trading . Although the concept is very...
False Break outs impose considerable loss to traders. How to recognize a false break out? To recognize a false break out we should first learn what is a true break out? In fact,simply, Every break out which is not a true one is a false break out. BTC in it's recent movements shows two beautiful example of false break outs. As shown on the chart, we have a...