UnknownUnicorn32021811

UnknownUnicorn32021811 Updated 

After recently doing a review of my last 6 months of trading, I recognized that my portfolio value over this period looked very similar to the Dunning–Kruger effect curve. (a psychological phenomenon that suggests people are not always the best evaluators of their own performance). The theory is often applied to trading because most retail traders experience a...

UnknownUnicorn32021811 Updated 

Bitcoin has given us a double bottom. I will be looking for buy positions if the neckline breaks (~40630). Indicators and the market structure are both fairly bullish so targets are set around the 42000 region.

UnknownUnicorn32021811 Updated 

The area of resistance at 0.75200 is proving very strong. Unless there is more bull momentum, we will most likely see a pull back to the 76.80 or 61.80% Fibonacci levels before the price climbs above the 2021 October high.

UnknownUnicorn32021811 Updated 

Some pretty strong resistance in the 1.89830 price region for OANDA:GBPNZD . This has been further supported by a consistent down trend throughout March (red trend line).

UnknownUnicorn32021811 Updated 

Double top pattern formed on the OANDA:NAS100USD If the price falls bellow the neckline, you can be fairly certain that the price will continue to fall. If the neckline holds, I will shift my recommendation to a buy rating.

UnknownUnicorn32021811 Updated 

NASDAQ:TSLA Recent price action looks similar to trend shown in late 2020. the stock appears to be very bearish for now, and will probably continue to fall to the 2 year support line. I'm predicting a test at the 890 area of resistance or the 2 year support, followed by a rejection. Targets set at the 1220 support region.

UnknownUnicorn32021811 Updated 

I believe everyone is too bearish about EURUSD. Its very possible the price will bounce off the support line which has consolidated over about 8 months.

UnknownUnicorn32021811 Updated 

Falling wedge is a very familiar pattern with all traders, that often succeeds. My stance is very bearish right now, but I'm paying attention to the 5 month support, in hopes of a breakout that could turn very profitable..

UnknownUnicorn32021811 Updated 

Pretty self explanatory, I have marked out the key resistance areas that need to be watched. I believe the sell off will continue, but play it wisely and remember resistance isn't a single line and the price can bounce off within the vicinity.

UnknownUnicorn32021811

If you take a look at the weekly chart, you can see a very strong downward trend that's been prevalent since 2008. Its possible that the breakout in 2020 is retesting. It could be the biggest move we witness this year, so it should be watched carefully and from both a bullish and bearish perspective.

UnknownUnicorn32021811

A retest around the 1.11869 region isn't out of the question. Price hasn't dropped this far since mid 2020. US inflation and possible Russia/Ukraine conflict could catalyze an uptrend. The signals are fairly mixed so I would suggest either waiting for a retest or further indication that the price will continue in a downward trend.

UnknownUnicorn32021811 Updated 

NYSE:TSM The price is down 10% for no reason other than fear. There has been no loss of intrinsic value since the peak on the 14th of Jan. Similar to ADBE, CRM, HIMX, ESTC and ARKK, to name a few, the big Friday options expiry has caused panic among retail traders and they have sold their positions. The prices should rebound as fear over the S&P dropping 50%...

UnknownUnicorn32021811

Price has rejected the 900 support and closed above it. The rejection should be followed by an upward trend. Prepare for a possible rejection around 1000 price mark by the 3 month support or a continuation to the 1200 price region