Extreme divergence on the weekly, Distribution is taking place at these levels which usually shapes the top. Expect sever correction down to the original trend around 50$ and possibly 20$ Recession should be around the corner
The Nasdaq has posted a monthly topping tail as many tech stocks lately (NFLX - META ...) i expect this run has ended or very near the end, recommend caution and TLT..
possibly a perfect short entry, 2 monthly topping tails in the last 3 month indicating exhaustion and a possible trend reversal, targets will be 550 - 380 and possibly 250. will be accumulating shorts from here up to 650 with stop a monthly close above 650
monthly topping tail candle right at the resistance trend from previous highs, expect major downside
amazing bottoming formation, expect around 65% gains from the expected upside move.
major reversal weekly candle as previously expected, should this candle close anywhere above 927, expect sustained upside move in the price of platinum to at least 1040 and a major target of 1300 high probability trade: buy the retracement between 910 and 922 after the weekly close above 927, with Stop weekly close below 890
gold to silver ratio managed to break above resistance, now waiting for the confirmation if happened, this should point to lower prices for the metals as traders consolidate their positions to gold rather than silver.
Yields are the factor that dictates what happens to the market next. In case of a break above the white trend around 4.8% expect another push higher towards 5.2% which will mean the stock market might a final push higher, then a recession should hit at this rate. in case of a break below the yellow channel around 4.35% expect further downside to 3.2% which should...
following the rejection from 43400, the next support is 41650 which is a multi monthly candle consolidation area and where the trend from Oct 2023 is currently at, It's a major major area of support, if broken and confirmed below expect extreme downside price action to 36000
target around 88$ if this wedge breakdown, otherwise a break above 150 is needed for further upside
a monthly topping tail was printed, this usually marks the end of a run. I expect bitcoin to fall back to 30k amidst a stock market correction, if a recession occurs (2008 level) it will be a first time for bitcoin then 16k - 7k are on the cards
Still in it's early phase with a huge potential ahead, providing even better interface than Spotify. technically it has broken of a descending channel with large volume, with afterhours price reaching 1.7$, expect it to reach it again soon with potential up to 20$ on the long run. good time to buy in it's early phase
broke out of the descending channel with volume, with aftermarket price reaching 1.7$. very high probability of a big upside move
Huge support zone around this area 27.6 - 27, this will be the full retest of the broken wedge