The previous two correction cycles lasted about one month, with a correction of approximately 6% and 8%. How much will this one be?
This is an excellent long opportunity, supported by both the trendline and the support line, alongside a rebound in AI stocks. Short-term target prices: $5 / $6
ASML's technical outlook is bullish, with the first target at $750. 1.The price is supported by the 200-day moving average. 2.It is breaking out of a converging triangle pattern formed during the pullback. 3.A double bottom has formed on the daily chart. TP:750/850/1000
The weekly level pullback, with short-term support seen at 239.
A very clear weekly trend. Wait for the price to reach the support zone and check for an oversold signal on the RSI. BUY: 152 - 156 Target:168 Plan to buy 2 CALL options.
The potential bearish engulfing candle here serves as a confirmation signal for the bears. The key resistance level to watch is 2660, which acted as support during gold's downtrend on November 7. This support level has now turned into resistance and could act as a barrier to further declines. When the price rebounds to this level, it presents a potential entry...
From a weekly chart perspective, the Russell 2000 ETF is showing a rounded bottom formation. Coupled with Trump-era policies encouraging reshoring and boosting local consumption, this has been a positive catalyst for small-cap stocks. While the S&P 500 remains strong, the Nasdaq, particularly tech stocks like semiconductors, has already experienced varying...
Disney's earnings report is due in 17 days. The current trend remains unclear, so we’re waiting for the price to reach around 88 or 105 for a potential trading opportunity. An engulfing candle has appeared on the lower time frames.
Hint: McDonald's earnings report on Tuesday From a technical perspective, McDonald's has broken the neckline, leading to short-covering and a rebound. It may either shift from an uptrend to a downtrend or enter a consolidation phase. The 303 level presents a good shorting opportunity.
From the daily chart of XAUUSD, a descending triangle has emerged, with a high probability of pulling back to the starting point of the rally.
On the trading charts, XAUUSD and DXY are moving in opposite directions. But recently, even though DXY pulled back to 100, XAUUSD didn’t drop. There are extra factors like geopolitical issues, but we're focusing on the technical side here. Tech charts show that gold is still strong, just in a sideways move right now. It’s waiting for the dollar to pull back to a...
When the SPX500 daily chart shows divergence, and the market breadth index is in an overbought or oversold condition, these are key trading opportunities. Currently, we see that the market breadth index has entered the overbought zone. Once the SPX500 daily RSI shows a divergence signal, it will be time to short. There may be a period of consolidation, so we need to wait.