Hello People Back with Tesla with a lot of conviction. #1 We are sitting almost more than 40% down from the recent top, You can see last 3 drops those are all coinciding with 45% drawdown at minimum #2 We are sitting a huge support at or around 160, Had this touched 159 I would have been happier but why bother for few more dollars after 45% drawdown? 3# 235+...
Alright people if I have to explain the chart then I have not presented correctly #1 All time high to all time low, 50 was a big level. Somehow it survived and now above 50. March 2022 low was 20 to now almost 60. #2 Parallel channel suggests the trend has not reversed yet however June high is broken so there is a huge potential it can go upto 80. #3 Stage...
Hello Golden heart people Sorry I am not bringing a good news for GOLD/GLD. The chart pattern seems to be replicating itself from 2011 - 2015. Description in the chart should be self explanatory, here are few points to make it clear. This is a monthly chart, so please do not hold me for the daily bounce. I am taking this opportunity to short at the better...
So what's going on Tesla?? Either you are short term or long term trader, if you end up reading my post that means most likely you are interested in Tesla like me and also probably you also have a doubt in the direction where it can go from here on. With tesla, one thing I have learned, this stock responds to technical levels (fib levels) that make the life...
Hello Euro traders I believe most of the retailers are long EURO and how do I know? There are a lot of ways to find that out but one simple way is by this fxssi.com OR see your platform order book if you are waiting for a big recovery then unfortunately you are going to wait for a long long time. Let's start, Long term in dark blue, monthly in red. I have not...
I mean what can I say about this stock, Long term holders are just in pain every single day Well today is the earning and unfortunately I do not see any recovery BUT IT'S MY OPINION We are at resistance which can be broken anytime with a little push, So once if it closes below 81, it is confirmed that it's going towards the blue weekly 61.8% retracement towards...
Hello guys, hopefully you all traders are surviving this painful 2022. Well done if you survived , otherwise learn and move on. At the end, you will make it one day. Ok let's jump to the chart if you know me, Long term fib retracement in red, weekly in blue and daily in Pink. What did I do, I took the high and low from 2020, everyone likes to refer to...
Alright This is my personal analysis which I am sharing if it is helpful at all If you are long in Rivian and you don't want to hear the other side, please do not read this anymore. It will disappoint you The best thing about the stock market is ONLY one thing, what is that?? The price moves in waves, nothing goes straight down or up but if you have a strong...
IWM from 244 to 187. That's a fall. Ok let's see how fib levels are set up at the moment, 209 is monthly fib resistance, I like abc pattern, so let's consider the low is in place and next stop loss is 195 and take profit is monthly fib 209. Once that's confirmed the next target is 50% to 61.8% that gives us 200-222. Once we are there, we will see how it goes....
Hello Traders and investors. If someone told you 6 months before if you want to buy FB at around 200, would you have bought? Well now you don't have to hope, it's reality. Time to take action when everything is negative. Can it go to 200? of course it can but I don't think it's straight down from here on. Usually when there is a retracement happens from the top,...
If you know me then you also know Red is monthly fib, Weekly fib in blue and short term in Pink. You see gray fib, that's a big support, resistance whatever you want to say but that's the zone to look for. Let's not fight the trend yet, it has gone fast to 131.85 and stalls there and everything tells me that it is way up to the trend line at 132-133. Now short...
Alight people. Happy new year, this is my first post after the new year. I was looking for different markets and here is the one which needs some applause Nifty 50 from India. I like Fibonacci and presenting my idea. Monthly in Red, Weekly in Blue and other fancy things are self explanatory in the chart Now if you see daily view of this chart, then it's...
I write what I see. Nothing less and nothing more. Fibonacci tool is great, you can take any high and any low and you will get some lines. But if it is that simple everyone would do it right? And may be a lot of traders have mastered it already, Did I master it yet? sorry no, still learning. I am throwing my idea when I see there is an opportunity. Monthly in Red...
This is my personal observation and opinion, Crypto is highly speculative market. But if this does not make sense then you can just ignore and if it does makes sense then great. In either case please do let me know what you think.
Repeating myself Monthly fib in red, weekly in Blue and short term in Pink Now let's see where we are, We have gone below 78.6% monthly fib level and ideally I was not expecting that but because it has not closed below 78.2% weekly basis, can we consider 108 as low for now? If yes then what is next level weekly? around 160, that's a big range from 122 but not...
Following up on my idea The sideway move continues still, however I see it is getting ready We are in the middle of monthly retracement of 38% and 23% , the range is huge. But 1.118 is showing as bottom and next stop is 1.141 level which is 100% daily fib level. Stop loss can be any of the lines you see in pink or blue depends upon the risk management. do your...
This is a classic example of risk management, if there is anyone who is over leveraged before the crash, the account must have been wiped out. I wish noone be in that position but if there is any survivor then probably a story to tell and help the community. Why I am inclined towards long. #1 : This is a retracement of the entire move from the beginning of...
Monthly in Red, Weekly in Blue and short term in Pink I have seen so many charts but not like this, It has broken all the lows and made a new monthly Low to 40. I really want to be helpful for people who are stuck but this is just another opinion, sometimes you have to see as it is. Where are we on this? Previously all time low was broken a couple of month...