Curious about your opinion. What is you're analysis? What I see: - support on the volume shelf (daily chart) - Volume is rising (daily chart) - support on the moving averages (daily chart) - higher high (daily chart) - moving averages are rolling over - broke the 4 sma on the weekly - support at the all time low on the montly - higher highs, higher lows on the...
NASDAQ:MSFT Huge Head and Shoulders pattern, and MSFT is now trading in a falling wedge. The volume soared when MSFT broke through the neckline. aldought a falling wegde is seen as a bullish pattern, the measured move for the Heas and Shoulders patterns is far behond where the pricec is now, so for now I am bearish on MSFT and actually almost everything. But...
What do you think? There are 3 possible options ofcourse. Up, down or sideways. I think it is hard to tell, but maybe we can expect a bounce. but if NVDA has broken trough, we maybe could expect a small drop and then a rally back to the breakout level. Volume was also higher yesterday. We can also see a small Head and Shoulders pattern. But I do not think we...
TSLA is in a symmetrical triangle, what are your expectations? normally volume will diminish, but that has not happend till now. When being very creative you could perhaps see a Head and Shoulders pattern. haha I will put TSLA on my watchlist if the breakout occurs This is no financial advice
NYSE:BABA Today the overall market had a green day, many big names like TSLA and FB rallied more than 4% today. But the question I am going to ask is: “Do you think this is the end of the enormous channel BABA has been trading in? BABA started trading in this channel since 2020! But BABA sort of broke out today. But this could also be a bull trap. Today’s volume...
AMEX:SPY I thought that we broke the neckline nine May, I expected a retest of the neckline, but I did not expect a cross back above. But what caught my attention is that the rallies occur on light (under average) volume. Maybe this could indicate a bull trap. I can not wait for your response and vision on the current market. I wish you all the best This is no...
A channel is a chart pattern. And uses trendlines. A channel indicates an entry and a possible exit. It can also control the risk. A channel consists of two parallel lines, between which the price moves. Drawing a channel: Ascending channel - During an uptrend, draw the basic up trendline along the lows. Then you draw a line from the first peak which runs...
I’m sorry for the people who lost much of their money. But what to expect now? there is a possibility that we will now see a small rally back to the neckline, we will then test that point (≈33500$) to see if it serves as resistance. Yesterday we did this same process with the SPX, and it's not looking very good yet. Of course I'm not a fortune teller either, but...
I expected a smally rally. I will attach my previous idea. I excepted this rally back to the prior breakout point. Today and tomorrow will be important days, to look for the confirmation that the prior breakout point now serves as resistance AMEX:SPY
AMEX:SPY For a few days now I have been posting about a big drop that I expect. today I am again confirmed about that idea. As I said in previous ideas, is that we fell through the neckline of a huge Head and Shoulders Pattern. a few days ago we rose back to the previous breakout point, yesterday we tested that level and the neckline now so to speak serves as...
NASDAQ:RCMT RCMT closed just above support if you ask me, you can see it on the 1H chart. It broke out, came down to test the support and it holded. I am curious about tomorrow. Huge volume shelf below for more support. What is your opinion about RCMT let me know.
These are crazy times. In 2020 I started to seriously dedicate myself to becoming a profitable trader. the past few months have been very volatile. and for me as a beginner it is also very difficult to earn even a little constant results. and maybe you recognize yourself in my situation, But I have learned a lot from all this chaos ;) , and therefore I have...
BITSTAMP:BTCUSD The head and shoulders pattern on BTCUSD. I see a huge HAS pattern on the weekly chart. Please correct me if I’m wrong. This is all just an assumption. - Volume is very low on the tops, and is expanding when the trend is moving downwards. - We might see a break of the neckline in the near future. - When you measure from the top of the middle...
NYSE:TK Please correct me if I am wrong. I am just a beginner What I see: - 8-4-22 We broke out of a symmetrical triangle. - The breakout occurred on above average volume. - The breakout was followed by a small rally, up to the high of 19-1-22, TK then pulled back to a former resistance level near the breakout point, hopefully this former level will become...
NYSE:MMC Yesterday the price closed above resistance, making a new ATH. What are your expectations for MMC? Please leave a comment. This is what I see on the chart, please correct me if I am wrong. - We have a purple square as support, because MMC opened higher there is a small gap. - I see a Cup and Handle pattern that started on 30-12-21. Cup...
NASDAQ:AAPL Please correct me if I made a mistake, I am just a beginner. I am only here to learn. How I interpret this chart is: - It looks like we are trading in a range, between the 50 Day SMMA and a volume shelf. - looking at the SPY in the pane below, it looked like the SPY found support. - in my opinion AAPL and the SPY move pretty synchronized, and I see...
NYSE:AMC The wedge is narrowing on the weekly chart... Amc found resistance at the 50 and 200 day SMMA, Can we aspect a death cross? Perhaps we will test the stong support line at $14,82. Curious, about the wedge breakout. Also curious at you perception of this situation. Are you bullish or bearish on AMC? This is no financial advice
NYSE:SKLZ Do you have this stock on your watchlist? Maybe we can except a nice breakout. This is no financial advice.