Short thoughts on a neutral area. TSLA broke out of what appears to be bear flag to me. I also see an inverse cup & handle. We may attempt to retest and/or regain the channel. If we fail, 225-220 is my target. Demand zone marked. More journal notes this week to stay focused on the trade(s). Bear Flag: https://www.bapital.com/technical-analysis/chart-patterns-list/bear-flags Cup & Handle: https://www.investopedia.com/terms/c/cupandhandle.asp Inverse Cup & Handle ( from our very own Trading View): https://youtu.be/MvUHkmOzmaw
It has been a while since taking much interest in our favorite crypto projects. After massive gains straight out of the bear market most of that interest has sold off. Previously we were targeting the 5 cent range and appear to be getting very close. Current Trading Plan: Looking at proportional relationships in the price chart to gauge potential moves we can see the average range size seems to be about 400%. After completing a traditional ABC pattern it has moved into our potential accumulation window. Currently looking to accumulate and hold for potential 10x IF the entire market follows.
Hiii Guys? Based on Thursday and Friday's candlesticks, it seems that the market's upward momentum has waned and it seems that the bears have come to take over the market. And now my idea I think the best price to enter a sell position is around 3049-3060 with a target of 2970-2980 and even 2950. If this analysis fails, the analysis will be updated quickly. Of course, I hope it is not wrong.
NASDAQ:SMH with closing @ 180 $ on 04 April 2025 is equivalent to drawdown we saw during COVID crash. During the covid crash the semiconductor ETF lost 37% and this tariff crash we also saw 36% drawdown. If this tariff war on goes then we might see some more weakness. With this drawdown the NASDAQ:SMH is below its 200 Day SMA. ‘Nothing good happens below 200 Day SMA’ and the ETF is below the upward sloping channel. The RSI is also touching the lows the lows we saw during the COVID time reaching the oversold mark of 30. This weakness can be attributed to heavy weights like NASDAQ:NVDA and NASDAQ:AVGO which have been down more than 40% form their ATH. But the question remains will the drawdown stop here or there is some more pain. But we should not forget the 3-day rule in the markets. Where the sell off peaks off in the 3rd Day. 07 April will be the 3rd Day after the tariff selloff. Should we call the bottom here? Unless we think that there will be a recession then these are good levels to buy. But if the tariff negotiations go on for longer period, then there will be chop around for a longer period and instead of a V shaped recovery we might see a U-shaped recovery in SMH. Verdict: Accumulate some NASDAQ:SMH here and go extra-long @ 170-180 $
Indian markets are looking resilient. But Nifty can further retrace in the first half of the week post US markets tariff reaction . On the downside, Nifty can protect the 22,000 zone, and we can expect it to form a low there . The second half of the week can belong to some short covering provided we do not get fresh negative news. ALL LEVELS ARE MARKED IN THE CHART POSTED.
EURUSD April 4 Short trade review Some of the cleanest price action I have seen. Asia Price is consolidating in a premium on .618. 22:00 macro price takes minor buy side dips down and creates equal lows. 23:00 macro price rally to the 15M FVG. Takes buy side liquidity and in a FVG PD array and above .79 level. London Price is in a deep premium and I suspected price would seek lower prices to rebalance inefficiencies 1:30 price takes liquidity, PD ray in premium FVG This begins the hunt to see if the model 2022 will present itself. *inside macro time *model 2022 candle formation swing low violated that creates a FVG *expected expansion to lower prices as a target *entry 2 macro 1 target 50 level, 2 target FVG, 3 target second FVG Great delivery for 88 pips
#ALCN time frame 2 hours Created a Bullish Gartley pattern Entry level at 21.00 Stop loss 20.80(-1.30% estimated loss ) First target at 21.70( 3.18% estimated profit ) Second target 22.30( 5.30% estimated profit ) NOTE : this data according to time frame 2 hours, Its not an advice for investing only my vision according to the data on chart Please consult your account manager before investing Thanks and good luck
No Breakdown PA at the highs as there's no SFP and no MSB (for there to be a MSB price shouldn't have come up this high in 2024). Will we get the SFP at $226.01 or will we be left out?
This is the end of the bearish, mire than +30% has made bullish for today. The rest will be History.
Based on my algos, US500 is heading to 4346! Be warned!!! Collapse is actually coming!