XForceGlobal

XForceGlobal Wizard

X Force Global Analysis: We would like to introduce to everyone a very simple indicator that has time after time been proven to show overbought and oversold situations - the "Envelope" indicator. Simply put, envelopes are technical indicators that are typically plotted over a price chart with upper and lower bounds. The most common example of an envelope is a...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: The recent bullish move from 3.5k to 9.4k has gotten crypto bulls extremely excited. Based on the recent bullish trend, many traders are coming up with unrealistic targets, without acknowledging the fact that such move is unsustainable. In this analysis, we look at realistic price targets and possible price movements for Bitcoin, based...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: A quick lesson on whether we will learn from the past historical rallies. We believe a true consolidation rally is absolutely needed when we consider a true rally to the top; however, with each successive bounce, Bitcoin has had too many impulse waves up and down, not giving Bitcoin the chance to breathe and rally. Trade Safe.

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Happy Bhudda's Birthday, everyone. Bitcoin has been on a bullish rally and our parallel analysis has played out perfectly. Market Sentiment: Bitcoin has shown unprecedented amounts of strength over the past few days. We are now toying with the next major trend line resistance that may bring some interesting price action. We also...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Bitcoin has been on a bullish rally within a parallel channel. In this analysis, we explore the bullish and bearish cases for bitcoin. Bullish Evidence - We are trading within an ascending parallel channel on the daily - We have seen 7 consecutive green candles - The Relative Strength Index (RSI) is forming higher lows and higher...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Tesla is an American Electric Vehicle (EV) company with a disruptive presence in the automotive industry. TSLA is one of the most hyped stocks of NASDAQ, with avid supporters of the company itself, as well as its leader - Elon Musk. Due to the nature of the stock, technical analysis can be used to identify strong support and resistance...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: In this analysis, we explore Bitcoin's bullish probabilities suggested by fractals from September 2019. Analysis - The fractal starts with a parabolic move downwards. - During this downtrend, prices constantly test the lower bollinger band support - The Moving Average Convergence Divergence (MACD) histograms show increasing bearish...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: In our previous Gold analysis, we mentioned a high probability of a bearish case based on the bearish divergence on the daily. In this analysis, we zoom in to take a closer look at other bearish evidence. Analysis - We can first see that the two ascending trend line supports marked by the dotted red lines have been broken - The...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Waste Management (WM) is the leading provider of comprehensive waste management in North America, providing services that range from collection and disposal to recycling and renewable energy generation. In this analysis, we look at Waste Mangement's technical to spot a potential bullish breakout Technical Analysis - The first thing...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Ethereum has been in a steady uptrend, creating higher lows and higher highs on the longer time frames. In this analysis, we explore the bullish probabilities of ETH, on the hourly chart. Analysis - Ethereum has created higher lows and higher highs through phases of consolidation - We have broken through multiple fibonacci...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: The Great Depression that took place in 1929, took 10 years to recover, and is still remembered as one of the most devastating events that hit the stock market. Today, the stock market is recovering from a devastating hit caused by a virus outbreak (COVID-19). Governments and banks have worked together, initiating both monetary and...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: In this analysis, we explore the extremely bearish technicals demonstrated in Chainlink's (LINK) short term charts. Technical Analysis - The first thing we can spot is a bearish divergence, in which prices create higher highs and indicators create lower highs - The Relative Strength Index (RSI) shows a clear lack in strength with...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Alibaba has shown a strong recovery after having locally bottomed due to the Corona Virus (Covid-19). Despite being a Chinese company, the e-commerce giant has not been as severely affected by the gravity of the situation. In this analysis, we take a look at Alibaba's (BABA) technicals and fundamentals to determine the most probable...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Johnson & Johnson has shown great momentum in its small rally over the past few weeks. However, technicals demonstrate signs of prices having temporarily topped out. Technical Analysis - The first thing we spot is a textbook bearish divergence. - Prices form higher highs, while the Relative Strength Index (RSI) forms lower highs -...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Gold has shown weak bullish momentum for the past few days, after a huge rally from $1,450 levels. In this analysis, we focus on the bearish probabilities for Gold. Analysis - Around March 24, we saw a bearish divergence form on the daily chart - Prices created higher highs, while the Relative Strength Index (RSI) created lower...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Apple has shown great strength in its recovery from the damage caused by the corona virus (Covid-19). In this analysis, we explore a purely technical approach to Apple (AAPL), using the gap theory. Analysis - Gaps are areas on a chart where the price of a stock moves sharply up or down, with little or no trading in between. - As a...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: In this analysis, we compare Bitcoin's price movements in Feb. 2019, during the phase of consolidation leading to a breakout in the early 3k levels. Analysis - The fractal starts with a small consolidation marked by the blue area - A breakout follows, forming a huge bullish engulfing candle with a long wick - At this point, the...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Gold has shown incredible momentum since our bullish bat harmonic pattern analysis. In this chart, we assess a potentially bullish broadening top pattern on the hourly chart. Bullish Evidence - Based on Elliott Waves, we can count the completion of Impulse Waves (12345) - Inside the broadening top pattern, we can count Elliott...