** short term study ** ** This is not an investment opportunity, a trade only ** Since the 60% correction call (below) the market has oversold extensively leaving gaps behind. Gaps get filled. On the above daily chart price action has printed strong positive divergence together with a price action resistance breakout. The Gap is actually the break of market...
It goes without saying, this bull market has been the most hated I’ve ever known. Retail traders attempts to go “short” on every leg up resulted in quick squeezes. Every 1% to 4% correction brought renewed calls for the end of all things. Including time I believe. There is a reason why 90% of market participants fail in trading. Emotions. The last four long ideas...
On the above 7 week chart price action has rallied 10,000% since 2016. Cathie Wood is now a buyer. Should we be concerned? Yahoo finance - August “Cathie Wood-Led Ark Invest Buys $47.5M Of AMD Shares” source:https://tinyurl.com/zc3cah5p Motley Fool - September “AMD is more stable financially and boasts a more established role in artificial intelligence than...
** Short term analysis ** A bear flag print will confirm by Thursday 5th of September should price action fail to regain market structure support. The target is $46k.. Remind me in the comments below by Thursday close to check structure! Is it possible price action recovers structure? Sure. Is it probable? Not on this time frame. Ww
On the above 10 day chart a bull flag is identified. In addition RSI has recently confirmed the 52 level as support. This is an important indication on this timeframe, look left. When does 128k strike? Don’t know. No one does. However it happens before June 2025 or not at all. When it happens, that is the market top. Exit all crypto positions by this time. Is it...
On the above 8 day chart price action has corrected 96% since March 2021. A few reasons now exist for a bullish outlook. 1) Price action and RSI resistance breakouts. 2) Price action lands on legacy support. See monthly chart below. 3) Regular bullish divergence as measured over 40 days. Multiple oscillators now print positively against price action. 4) No...
On the above 10-day chart price action has corrected 95% since the sell signal in early 2018 around 380 dollars. A number of reasons now exist to have a long position, including: 1) You know why.. 2) RSI resistance breakout. 3) Multiple oscillators print positive divergence with price action. More or less all of them. 4) No stock splits. 5) Some other things,...
On the 5 day chart price action has corrected 90% since closing the previous idea (below) on June 21st 2023 after a 200% rally. A number of reasons now exist to consider a new long position now that the short is closed. 1) RSI resistance breakout and backtest confirmation. 2) Strong regular bullish divergence. Look left. 3) Monthly support. See below. 4) No...
On the above 3 day chart price action has corrected 95% since early 2022. A number of reasons now exist to consider a long position, including: 1) Price action resistance breakout. 2) Trend reversal. 3) Support and resistance. Price action confirms support on past resistance. 4) There is no chart pattern or otherwise to estimate a target area so don’t ask!...
..since long trades were invented. Basically it is free money. On above 3-day chart price action has corrected 80% since 20 days ago! Market participants have capitulated. Take advantage. Previously price action has corrected to confirm support on past resistance. Sure it will break if it is meant to this time, but not right now. That is what makes this an easy...
*investment opportunity* A 90% correction since late 2020 on the above 4 day chart. There now exists an excellent opportunity on this stock. Why? 1) Price action and RSI resistance breakouts. 2) Support and resistance, look left. Price action is on past support. Terrific. 3) Bullish divergence. Lots of it, as measured over a 100 day period. Is it possible...
On the above 10 day chart price action has corrected 90% since May 2021. Will the correction continue? Unlikely. Why? 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. 3) Bull flag confirms support on past resistance. Notice the bullish engulfing candle? 4) The forecast is made from the first impulsive move. A 2nd impulsive move from...
** short term analysis - daily chart ** 24 days have passed since RSI entered a downtrend channel. The channel resistance has now printed a breakout at the same time as price action from its resistance. A bull flag print has now confirmed with the downtrend in price action. A measured move takes price action to the 68k area by the end of the month. Is it...
On the above weekly chart price action has corrected 90% from $30 since November 2023. A number of reasons now exist to be long. They include: 1) Price action and RSI resistance breakouts. 2) A trend reversal. 3) Price action is at this moment confirming support on past resistance established 5.25 years ago. That is important. 4) The bull flag. A confirmation...
On the above 12 day chart price action has corrected over 90% since early 2021. Now is an excellent moment for a long position. Why? 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. 3) Support on past resistance. See 1 month chart below. Is it possible price action drops further? Sure. Is it probable? No. Ww Type: Trade Risk: 3%...
Bet that title got your attention. Well it might not be as crazy as it seems. An exercise performed by yours truly is to scan through monthly charts on the beginning of each new month. Takes more time than you imagine. Gamestop is certainly worthy of attention on the monthly time frame. On the above monthly chart: 1) It is without question, past resistance...
On the above 6-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence across a 4-6 month period, very powerful. 3) Seller weakness. Notice the long candle wicks into seller territory? This is especially true on the BTC...
On the above 10 day chart price action has corrected 70% since mid 2023. A number of reasons now exist for a long position, including: 1) Price action and RSI resistance breakouts. The recent rally in price action has broken the downtrend confirming past resistance as support. 2) Regular bullish divergence. 3) The falling wedge pattern has now confirmed with a...