Happy Holidays! As you can see the next year we might be the top candle for this bull market cycle. Enjoy the ride
After reviewing all correlated assets including POLKADOT, MATIC, and others I have concluded that this circled region is the actual price of VARA once all correlation models settle. This means that at current price VARA is severely oversold based upon not only market structure but correlated asset data. I am not a financial advisor, trade safely my friends.
The bearish sentiment from almost double top but worse still, a new forming chart of lower highs and higher lows onto the center line of the Bollinger but then solid support down until 350; look at early indications predicting this, like the curving downward nine ema and 21, the chart pattern, the downward moving stochastic and RSI the heikin-Ashi confirmation candle on the daily the MACD death cross the bringing it solid support areas right next to the support on the BB lower than the anticipated support line but then look at the trend it is in an upward trend. Hence, it can likely bounce below 419-412, and maybe two volatile candles bring it down before the strength starts to build, but the latter seems like it may or may not. The lower 400 is highly liked based on those scenarios.
Entry conditions: (i) higher share price for ASX:LRK along with swing up of indicators such as DMI/RSI. Stop loss for the trade would be: (i) below the support level from the open of 5th December (i.e.: below $0.985), or (ii) below the support level from the open of 27th September (i.e.: below $0.96), depending on risk tolerance.
Depending on how this week closes.. 95.6 would be the perfect place for us to bounce of the weekly. Wyckoff pattern to show relevance to how this cycle should go. Will update by end of week.
The MACD is already positioned to start curving the stochastic, and the RSI is way oversold but can run flat daily along with a DT on the RSI, with no confirmation on other indicators or oscillators. This is headed towards filling a gap beginning at the 1980 mark, but I wouldn't be surprised to see it hit the 1960s when the Bollinger starts to narrow, which could also be used as support, short term.
Microsoft has some interesting Fib Channel levels going back to the 90s...Those pure vertical trends turned into flatness in the 2020's..shows you how parabolic it went
Microsoft has some interesting Fib Channel levels going back to the 90s...Those pure vertical trends turned into flatness in the 2020's..shows you how parabolic it went Next post is todays action...notice line angles between 90s and now.
USING THE 2 HOUR TIMEFRAME AND FVG. THIS IS MY THOUGHT ON SPY Current Price: $595.01 (as of the last market close on December 27, 2024) Recent Price Movement: The stock closed unchanged at $595.01, with a high of $597.7761 and a low of $590.7647. Technical Indicators: Oscillators : Predominantly indicate a 'Hold' signal, with the Stochastic Oscillator at 65.39 suggesting a potential overbought condition. [ b]Average Directional Index (ADX) : At 25.95, indicating a weak trend. Moving Averages: Present a mixed outlook with short-term averages signaling 'Sell', while longer-term averages suggest 'Buy'. Chart Pattern: A triangle pattern is present, suggesting a potential bullish breakout towards resistance at $599.89. News Sentiment Predominantly Negative: Recent news sentiment is negative, which could exert downward pressure on SPY, potentially hindering bullish momentum. Trade Idea Entry Signal: Consider entering at $594.52. Exit Signal: AMEX:SPY Target an exit at $599.89, aligning with the potential bullish breakout indicated by the triangle pattern. Conclusion SPDR S&P 500 ETF (SPY) presents a mixed technical picture with a potential bullish breakout if the triangle pattern resolves positively. However, the negative news sentiment could pose a risk to this outlook. This trade idea is suitable for those looking to capitalize on short-term movements, but caution is advised due to the overall uncertainty.
Stocks declined on Friday, led by technology names, but major indexes still posted a positive holiday week. The blue-chip Dow Jones Industrial Average shed 333.59 points, or 0.77%, to 42,992.21, falling for the first time in six sessions. The S&P 500 fell 1.11% to 5,970.84. The Nasdaq Composite slid 1.49% to 19,722.03, as Tesla dropped about 5% and Nvidia fell 2%.