priceactiontds

priceactiontds

Good evening and i hope you are well. I try to keep it simple stupid (KISS) here with my chart this week. bull case: bulls created a credible bottom around 70 and the buying pressure is there to get to 80 for the first time since 2023-11-07. There is a measured move target from the first leg i drew to around 82, the upper wedge trend line goes there and the...

priceactiontds

Good evening and i hope you are well. My bearish outlook or at least i gave the higher odds to the bears was wrong and bulls just kept buying everything today. Tomorrow is Opex and all markets are at big resistances again after beginning the week with a selloff. Tomorrow has the potential to be wild. I see it as a trading range at the highs and the recent rally...

priceactiontds

Good evening and i hope you are well. wti crude oil This chart is obviously the hardest because big trading range for a long time where market is absolutely neutral and both sides have all the arguments for their case. bull case: Strong enough rally to 78 and they want to print 80 for a higher high. They will probably give up below 75.5 and try again around...

priceactiontds

Good morning and i hope you are well. USD/CHF bull case: Bulls want the breakout of the triangle and bear channel here to test the 2023-11 and afterwards the 2023-10 high. The rally looks good enough that they can get it. Measured move target is right in between those 2 targets. If they can get the breakout, the market cycle changes from bear trend to trading...

priceactiontds

Good morning and i hope you are well. wti crude oil bull case: Bulls still have the 80 target in sight and they are buying all pullbacks. The uptrend is weakening but i think then can get there. The 1h 20ema is holding pretty good and we are right at it. So it's a buy. The drawn wedge could get us there but bulls have more trend lines below which can hold. Last...

priceactiontds

Good evening and i hope you are well. For gold i updated my weekly chart and bears proved me very wrong. Here my quote from the weekly outlook: short term: slightly bullish to top of triangle, invalid below 2030 Obviously they did break below big time and now bulls are doing everything they can to keep this above 2000. bull case: Bulls have to keep this...

priceactiontds

Good evening and i hope you are well. Today we witnessed a perfect bull trap above the recent new all time highs for US markets. Here is the most important quote from my weekly outlook i posted yesterday: We already ranged at the highs for some time now and for most indexes it’s just a higher high and now i expect a major trend reversal. Hence the title, the...

priceactiontds

Good evening and i hope you are well. "Uuuuh another degenerate calling out big NASDAQ:TSLA targets, booooooo" My bad for making you click on this. Enjoy your evening. Now that we are over that, lemme give you my reasoning for it and then you can make up your own thesis. bull case: What might that be i ask myself many times now for the last weeks. Very...

priceactiontds

Greetings, Last time i wrote about Alibaba was 2024-01-30 and i just read something about a WSB 'investor" betting big on higher prices for this stock. Boi. I mean. Does anyone seriously look at this chart and think? G, this looks like it found a bottom and is ready to go back to the moon. If you do so, enlighten me with your thoughts in the comments. This stock...

priceactiontds

Good day and i hope you are well. Bulls made new all time highs on dax, sp500, nasdaq and the dow (those are the ones i cover, so i don’t care about the rest). Since i don’t think this is the beginning of a new stronger trend, where we rally another 5-10%, all bullish targets are met imo. My focus has now shifted to a change in the character of the market. We had...

priceactiontds

Good evening and i hope you are well. wti crude oil bull case: Amazing day by the bulls. They broke strongly out of the bear flag and made the market always in long on the daily so i expect follow through to 78 or higher. bear case: Bears see this as a trading range and they want the market to form a lower high below 78. After such a strong move on the...

priceactiontds

Good evening and i hope you are well. Today was the day i started talking about around 2 weeks ago. The price action of the last 6 days was conclusive and i had no doubt market will reach the given bullish targets for more bear pain. SP500 e-mini futures printed 5020 and printing a new ath tomorrow is highly probable. I hope you played it and made some. Quote...

priceactiontds

Good evening and i hope you are well. Today markets tricked many traders into strong moves in a weak environment. The move’s seem like they will break out of the range but they fail at resistance over and over again. It’s a neutral market where buyers and sellers agree on the middle of the range as the fair price. You have to play the range until there is a clear...

priceactiontds

Good evening and i hope you are well. Markets went sideways today, as was expected and laid out yesterday. We are forming many triangles, which means that prices are converging and we get a break out soon. Bears tried a bit but bulls bought it, which confirms my thesis of higher prices. I still expect a bit more sideways movement. If i had to guess, i’d say we...

priceactiontds

Good evening and i hope you are well. Last time i talked about Nvidia was 1 week ago and Nvidia at 610. Time to revisit and adjust. If you took the trade, you made about 51 points. I anticipated a much bigger and longer sideways to down move than we had but that is not important because i said buy and it was buy and it's still buy. So what's next for the...

priceactiontds

Good evening and i hope you are well. Here my commentary from last week: The bulls got their big breakout and we made 4.65 points last week. The next obvious target is 80 where i expect sideways movement. I also don’t think we can get there without a pullback first. Target for that pb is around 76.5 - 77. We can also just trade sideways in a tighter range but i...

priceactiontds

Good evening and i hope you are well. Today markets bounced where i expected them and bears did not get the follow through they needed. Here is my quote on that from yesterdays after hour update: But the more probable scenario is that bears will get disappointed tomorrow and we range more days at the highs. And that brings us to, what’s next? Big up, big...

priceactiontds

Good evening and i hope you are well. Bears got good follow through today but i think they need one more red day to switch the market to always in short. What are the odds of that? Well, markets normally don’t go from bull trend to bear trend but one could argue we are in a trading range at the top. So it’s not out of the question. But the more probable scenario...