Downloading...
Download

Congestion

AMC: 2 key points and 2 strategies you can use!Hello traders and investors! Let’s talk about AMC again! Since it hit our target, about two weeks ago, it has been moving sideways, and movements like this are frustrating, yes, but we have some very nice key points to keep in mind. First, in the 1h chart, we still have a key point at the green line, around $ 11.52, which is the same key point we mentioned in our last study ( link to my previous analysis below). And we have the red line at $ 8.95. Probably AMC will keep trading sideways for some time, but we have two scenarios to work with if we see a breakout from these lines: Since we have a congestion , it can break in any direction. But we have some targets to work with in whatever direction it breaks. By defeating the green line, the next stop will be the blue line at $ 14.54 , then the last target would be the $ 20.36. We have a Bullish Engulfing , that almost reversed the trend, but I wasn’t convinced by it, and the reasons are in our last AMC analysis. All I can say right now is if it loses this pattern’s low, meaning, the $ 8.95, then the $ 5.22 is the next target for the stock. The volume is too low, but if AMC reacts near the support at $ 8.95 it could trigger another buy sign, as the R/R ratio would be very good. Either way, let’s be prepared, and if you liked this post, remember to follow me to keep in touch with my daily studies, and please, support this idea with your like! Thank you very much!
NYSE:AMC
by Nathan_The_Finance_Hydra
2
SNDL: Tired of seeing it dropping? We might have some good news!Hello traders and investors! Yes, SNDL is heading to our target at $ 0.95 again , which is good. In our last study, SNDL was doing some nice patterns, but unfortunately, none of them were triggered. Now that we are close to our target at $ 0.95, we might see something interesting again. And if you missed my previous public analysis on SNDL, the link to it is below as usual. In the daily chart, is clear the importance of the $ 0.95 , as it was a relevant resistance in the past, and it has been working as a support level now. Since SNDL is inside a congestion , between the $ 1.64 and the $ 0.95, all I know is that when we get close to the bottom area, we should buy, and when it gets near the top level, it is time to sell. Of course, it is not that easy, because we must wait for the right patterns to appear . For instance, the last buy opportunity on SNDL was during that Hammer pattern, which we also discussed here in my public analysis. Now, if SNDL does anything similar, it’ll be a great buy sign. The volume is very low, indicating that it is dropping not because we have a sell-off, but because the market is weak. What’s more, the weekly chart is looking curious: For the first time in a very long time, SNDL is trading above the 21 ema , and what’s better, it found a support at it now. If SNDL is about to react, now is the best moment. And if you want to keep in touch with my daily updates, remember to follow me , and please, support this idea if you liked it! Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
22
AAPL: Several candlesticks/chart patterns to remember!Hello traders and investors! Let’s see how AAPL is doing today! First, it is inside a boring and annoying congestion , moving erratically without clear direction. But we have the $ 119.05 area to use as a guide, because it seems this is a nice support level for the short/mid-term. Recently, AAPL did an Island Reversal chart pattern near this support level, and it just hit the next target at $ 124 (previous top). The Island Reversal is a nice pattern, and it seems it is working, as AAPL is trying to engage a bull trend, by doing higher highs/lows. Now, let’s see the daily chart: What we must keep in mind that we have a Morning Star in a support level here as well. Every Island Reversal is either a Morning Star, or an Evening Star in bigger time frames, and this is why both patterns are quite powerful – because of this natural dual-confirmation the pattern offers. But since AAPL just hit a resistance level, we can expect some pullback now. Yesterday’s volume was nice, but AAPL will need a stronger bullish structure in the 1h chart to reverse the trend in the daily chart. On the bright side, it seems we have a Triangle chart pattern here, and if triggered, it'll be a great sign for AAPL! Now, let’s finish this Multi Time Frame Analysis ( MTFA ) by looking at the weekly chart: The stock is already near a support level, and this favors the bulls in the mid/long-term. But if AAPL loses the $ 116 it’ll kill the bull trend and it’ll seek the $ 106 area again. Let’s keep our eyes open here, as AAPL is at a decisive point! And remember to follow me to keep in touch with my daily updates, and please, support this idea if you liked it! Thank you very much. Have a great weekend!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
TSLA: We hit another target! What's next for Tesla?Hello traders and investors! Let’s talk about Tesla today! It’s been a while, but here we are! First, Tesla did what it had to do. As we discussed in my last analysis (almost 2 weeks ago), Tesla did a downwards breakout from its Trap Zone, and it precisely hit our target at $ 620 . This was a very technical movement. If you missed my previous public analysis, the link to it is below, as usual. In the 1h chart, Tesla found a support around the $ 620, and what’s more curious, it is doing a bullish structure. The pink line around the $ 644 is a pivot point , and if triggered, the chances are that it’ll reverse the short-term bear trend seen in the hourly chart. If it reverses, we could see a rally in the daily chart as well, which we’ll analyze next: Today’s volume was decent, which is good, and it seems we had a Piercing Line candlestick pattern in the daily chart. It wasn’t a perfect piercing line, I agree, but it really looks like one, and given the signs in the 1h chart, it seems it’ll be triggered soon, if not tomorrow, in the next few days. Tesla is trapped inside a mid-term congestion , and any bullish rally will find a first resistance around the pink line at $ 718. The 21 ema is not a reliable resistance/support level when we are in the middle of a congestion, so, we’ll ignore it for now. This is a good sign for Tesla, and if you liked this analysis, remember to follow me to keep updated about my daily studies, and remember to support this idea with your like if you’ve read this far! Thank you very much!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
19
ZOM: Key Points we must keep in mind for the short/mid-term!Hello traders and investors! Let’s talk about ZOM today! It’s been a while since my last analysis, so we have some points to update. And if you missed my last public analysis, the link to it is below, as usual. First, ZOM reversed the short-term bull trend that we discussed in our last study, shortly after a breakout of a key point at $ 2.34. Now the trend is bearish , as we have lower highs/lows, and the 21 ema is pointing down. Today, it lost the support level around the $ 1.94 (red line) by doing a gap. If this gap is going to be filled in the next two days, it could be an Exhaustion Gap , and work as a reversal pattern for ZOM. Now, let’s see the daily chart: In the daily chart the situation is not as horrible as it looks like in the 1h chart, as ZOM is clearly still inside a congestion . As it is normal in congestions, the price could seek its base and the situation would still be under control. Meaning, ZOM could hit the $ 1.48 again, and this would be a buy opportunity. Another point worth of noticing is the low volume , which indicates that this is not a real sell-off. If it were, the volume would be higher. ZOM did a false breakout from the $ 2.25, which was the key point we discussed in our last analysis, as it closed above it, then in the next day it did a classic bearish engulfing , which pushed the prices down. Now, ZOM needs another clear pattern to reverse the bearish bias, and make it retest the $ 2.90 again. A ny good reaction, with good volume will do. I like the fact that the bullish candlesticks have higher volume than the black candlesticks, on average, in the last few days. This could indicate a possible rally next; we only need some confirmation. And remember to follow me to keep in touch with my daily studies and updates on stocks, and if you liked this idea, remember to support it with your like! Thank you very much!
Z
by Nathan_The_Finance_Hydra
4
AAPL: Could trigger a very strong reversal chart pattern!Hello traders and investors! Let’s see how AAPL is doing today! In the 1h chart, we see that it escaped from the descending channel we talked about in my last analysis, which is good, but it is showing some weakness signs. It just hit the trendline again, and it is supposed to find a support there, but we see lower high/low as well. This makes the chart hard to read, as we have some mixed signs around, so, let’s see the daily chart for more clues: The thing is, AAPL is trying to reverse the bearish sentiment, but the fight is not easy, therefore, we see a complex chart, but we can still find some sense of it. The volume was lower than the average in the past week, and this could be a trait of a boring congestion . Anyway, the $ 120 is a strong support area, and AAPL could hit there before we see any reaction. If we see a reaction around this support level, AAPL could do an IH&S pattern , and the target would be the $ 137 again. But so far, we have no sign that this will happen, and no confirmation of any bullish reaction. Now it is time to carefully wait for an opportunity on AAPL, and we must keep monitoring it closely for any good reaction. Remember to follow me to keep in touch with my daily updates, and support this idea with your like , if it helped you! Thank you very much.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
7
SNDL: Key Points we all must keep in mind!Hello traders and investors! Let’s talk about SNDL today! In the hourly chart we have a clear congestion , as SNDL moves sideways, the 21 ema is flat, and with no clear trend. We have a resistance at $ 1.64 and a purple trendline, and both may work as resistances in the future, if SNDL tries to engage in a bull trend. The support level at $ 1.32 seems to be quite strong , as it was retested multiple times last week. Only if SNDL loses this support level we would see a sharper pullback. Now, the daily chart will offer us more clues: The thing is, SNDL dropped a lot since its all-time high, and the volume decreased as well. We must see the volume increasing again in order to fly again. What’s more, we need a strong bullish candlestick pattern to reverse the trend for good. Meanwhile, if it loses the support level mentioned before, the green line at $ 0.95 is the next target to work with . It was a previous resistance level, and it is supposed to work as a support next, according to the Principle of Polarity of technical analysis. But let’s bear in mind that SNDL spends most of its time moving sideways, and we can’t be surprised if it keeps doing nothing meaningful for several weeks from now, just like it did in the past. But since it is in a bull trend, we can assume it’ll explode upwards at some point, we just don’t know when. Either way, with a good risk management everything is possible. And remember to follow me if you like this analysis! And support this idea if you liked it! Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
7
SPX: Weekly Outlook and Key Points.Hello traders and investors! Let’s see how the S&P 500 is doing today! First, by looking at the 1h chart, we see that the index is inside a boring congestion , not doing anything meaningful or interesting during this whole week. The bias is still slightly bullish , though, but for every congestion we have something called Time Correction – the price doesn’t have strength to keep climbing, but it seems it can’t drop either, so it moves sideways and let the 21 ema hit the price, instead of dropping to the 21 ema. This support level could hold the price, yes, but I think the red line at 3884 is more interesting and meaningful , and the reason why is in the daily chart: The red line represents this week’s low, and if the index loses it, then we could see a pullback to the 21 ema again. The volatility could help this scenario to materialize especially considering that the index has been going up with volume lower than the average. This makes SPX more vulnerable to any negative catalyst, but again, this could trigger a pullback to the 21 ema only. In the worst-case scenario it would hit the purple trendline. So far, we have not a single reversal sign, so we can’t work with a possibility of a reversal, just with a pullback. Let’s see how the index will behave next week, and if you want to keep in touch with my daily analyses, remember to follow me , and please, s upport this idea if you liked it! Have a great weekend and a nice Holiday. See you on Tuesday.
SP:SPX
by Nathan_The_Finance_Hydra
6
AAPL: Next key points we must keep in mind!Hello traders and investors! Let’s see how AAPL is doing today! Since my last analysis, AAPL has been accumulating in the range between the red line at $ 136 and the black line at $ 137.98, and as long AAPL keeps there nothing interesting will happen. The link to my last analysis is below, as usual. But even if Apple loses the red line, we have some support levels that could prevent from a further drop, like the purple trendline , which is better seen from the daily perspective: In addition to the trendline, we have the 21 ema, so, we are talking about a solid support zone . Apple could easily drop to this level, as the volume is very low, and it is not showing any signs of reaction. But if AAPL defeats the $ 137;98 again, then it might retest the ATH again, and maybe do a quick stop at the $ 142 (previous resistance). But so far, it is still in a bull trend, and only if it loses the purple trendline this would change. Either way, we’ll have our answer quickly, as this congestion is taking too long now. Remember to follow me to keep in touch with my daily analyses, and please, support this idea if you liked it! Apple is in a decisive point, and we must be prepared to react to it, when the time comes. Techinical Analysis is all about timing ! Thank you very much!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
4
SPX: New record high? Some scenarios to work with!Hello traders and investors! The SPX did a new record high today, which is amazing. Let’s see what’s going on here. The index is still trapped inside the congestion we mentioned yesterday, between the green line at 3861 and the black line at 3827, and as long as we don’t see a real breakout from any of these points, the index will continue moving sideways . If you missed my previous analysis, just check the link below. On the bright side, we are trading above the 21 ema, which is still pointing up, so the bias is slightly more bullish than bearish . If the index defeats the green line again, probably it’ll resume the trend. Let’s see if the daily chart now: Yesterday’s reaction was very impressive, indeed. We have a powerful Hammer candlestick pattern, that is almost a Dragonfly Doji, which was triggered today. The volume was quite high as well, so the SPX is quite strong at the moment. The trend is clearly bullish, and we have no clear reversal or pullback signs around . As long the index keeps trading this way, the trend will persist, according to the 6th tenet of the Dow Theory . But if the index loses the 3827, we may see some pullback ahead, and the 21 ema would be the next stop. For now, let’s see if the index will break the 3861, as this is the most challenging point for the index right now , and if it defeats this point, it’ll fly to new levels. If you liked this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea ! You’ll find some of my previous analyses below. Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
10
SPX: Key Points we must keep in mind!Hello traders and investors! Let’s see how SPX is doing today! The volatility increased a lot recently, and this led to a false breakout from the support level at 3827, which is a Key Point that worked as support and resistance in the past, as evidenced by the black line. Also, the previous Gap area worked as a nice support as well. Since the index is trapped between this black line and the ATH (green line at 3861), and the 21 ema is flat, we can say that we have a Congestion , and the SPX must break free from it, in order to either resume the bull trend, or collapse to lower levels. The daily chart may give us more clues: Yep, the 3827 is the Jan 8 All Time High, and it seems it is working as a support now. Not a surprise, as it is just following the Principle of Polarity of the Technical Analysis. Today’s candlestick is quite impressive, so far, as we have a huge shadow under the candlestick’s body, indicating that the bull trend is still here, and we won’t see it changing until a clear reversal occurs ( Dow Theory, 6th tenet ). If the index loses again the 3827 (and closes under it), then the SPX could drop again to the Purple Trendline, and this wouldn’t be enough to change the bullish bias. The index didn’t even retest the 21 ema yet, so the trend is very bullish, indeed. As long as we don’t see a clear reversal sign, the index will just continue to climb . And if you like this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea! Check my latest analyses on the links below. Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
12
TSLA: Annoying accumulation. What's in here for us?Hello traders and investors! Let’s see how Tesla is doing today! As we discussed in my previous analysis (Jan 11), Tesla was giving some signs of weakness, and now all the signs were triggered, and we are in a boring congestion. The 21 ema is flat, and we are quite close to the next resistance at $ 867.95, which is a key point Tesla must defeat in order to continue the bull trend. But all we can expect right now is that Tesla will move erratically, and it won’t resume the bull trend until it defeats the red line. Maybe the daily chart will offer more clues: In the daily chart we can see a small Pennant pattern, but nothing too convincing, in my view, as the pennant is too tight, and this makes the pattern more fragile and less reliable. But the low volume indicates that this congestion is not to be taken seriously. Even if Tesla loses the Pennant pattern downwards, the 21 ema will be there to hold the price (the 21 ema is a good and reliable support level when Tesla is trending). The bias is still bullish in the mid-term, but the short-term congestion can make Tesla move erratically for some days, even after the Earnings, so we have to be careful here. And if Tesla drops to the 21 ema, it won’t be a sign to panic at all (in fact, it could be just an opportunity to buy). If this analysis helped you, remember to follow me to keep in touch with my studies, and support this idea if you liked it! Thank you very much.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
12
PLTR: Are there any serious reasons to panic?Hello traders and investors! Let’s talk about PLTR today! The movement looks quite scary, but let’s see if there are reasons to worry. It seems PLTR is in the middle of a congestion, and the pink line at $ 25.08 is a support zone . As long as the price keeps above this line, I see no reason to worry. Also, we had a clear Double Top at the green line ($ 29.40), and this is the next pivot point PLTR has to defeat in order to continue the bull trend. Let’s see the daily chart: The daily chart suggests that we have a huge Pennant chart pattern , and usually, this is a continuation pattern. Also, the volume decreased, another characteristic of a Pennant. Today, it seems PLTR just retested the 21 ema in the daily chart, and it is getting closer to the pink line at $ 25.08, and this is a natural movement, especially for a stock that is inside a congestion. The bullish bias is still strong, and since PLTR is near a support level, I see this only as an opportunity to buy, as the Risk/Reward ratio is looking very good. But we must see some bullish patterns around here first. And if you like this analysis, please, support it ! And I invite you to follow me to keep in touch with my daily analyses! Thank you very much, have a great week!
P
by Nathan_The_Finance_Hydra
6
AAPL: A Key Point we all should be aware of!Hello traders and investors! Let’s talk about Apple today! The key point for Apple in the short-term is the $ 121.98, because it was a previous top , which was defeated today, but if AAPL loses it again, the market may see this as a false breakout, and it could retest again the 21 ema. I wouldn’t say that Apple is in a strong bull trend, as we are still quite close to the previous top, and if we look at the daily chart, it seems we have a congestion: As we can see, the 21 ema is flat, and since the momentum is bullish in the hourly chart, at least, it seems Apple will retest the blue line at $ 125.39. But again, the purple line is the most important support here, and it is a pivot point as well. This makes me believe that in the mid-term Apple could hit the All Time High , but it must not lose the purple line again. Another good indicator is that the volume seems to be increasing, and this fuels the trend. If Apple is going to trigger this pivot point for good, we must see some volume! In the weekly chart we have a Pennant chart pattern, which was triggered this week, and the volume of the movement that made the Pennant is decreasing. This is another indicator that the trend is probably going to continue in the mid/long-run, according to the 5th tenet of the Dow Theory : The volume must confirm the trend. If the volume is decreasing during a pullback, then it is not a real sell-off. So far we have no clear reversal signs, but it is important to keep the $ 121.98 for now. And if you liked this analysis, remember to support it! And follow me to keep in touch with my daily updates. Thank you very much.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
4
TSLA: Low volume/low volatility... What to expect next?Hello traders and investors! Let’s see how Tesla is doing today. It’s been some time since my last analysis, so, let me give you guys some updates. And the link to my previous analysis is below, as usual. First, Tesla is trapped inside what I like to call a Trap Zone , trading above the support at $ 406, but under the resistance at the 21 ema, and the price could breakout to any direction from here. The support at $ 406 is strong, but Tesla is coming from a clear short-term bear trend. We had a Bullish Engulfing candlestick pattern on Friday, which was a good entry point, but the 21 ema is stronger than we expected. If Tesla loses the Engulfing’s low, there will be no clear support levels until it hits the $ 379 again. Let’s see the daily chart for more clues: Tesla is inside a congestion , and here you can see clearly why I said that if it loses the blue line, the next stop would be the $ 379 (previous bottom). T he volatility decreased a lot, and the volume is extremely low as well . In this circumstance, it is normal for a stock to do small candlesticks. The 21 ema is flat, meaning we have no clear trend, and the yellow area down there is a possible buy zone , which we can see better in the weekly chart: By looking at this chart, Tesla doesn’t look so bad, right? The long-term trend is clearly bullish, and it seems it is just retesting again the 21 ema in the weekly chart. The yellow area is a triple support level , made by the purple and pink lines, along with the 21 ema. The low volume is acceptable during pullbacks in a bull trend, according to the Dow Theory , and this doesn’t change the fact that the trend is still bullish. But Tesla must do a reaction with good volume to resume the bullish momentum, otherwise, it’ll just keep trading erratically for some time. If you liked this idea, please, support it ! And remember to follow me to keep in touch with my daily analyses! Have a great day.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
SPX: A challenging moment for the index!Hello traders and investors! Let’s see how SPX is doing this Friday 13! In the hourly chart, I see that the index is moving sideways, inside a congestion . The 21 ema is flat, and we have the 3,581 as resistance, and the 3,511 as support. In theory, since SPX is coming from a bullish momentum, it should do an upward breakout, and defeat the green line for good. But the situation is not as simple as we wish . Let’s look at the daily chart now: The problem is, SPX failed in defeating the previous All Time High (black line), and it did a Shooting Star pattern. The volume is decreasing, and the 21 ema is moving erratically, along with the price. Regardless of any personal belief, I see this as a binary situation: If SPX defeats the green line in the hourly chart, it’ll seek record highs, and I don’t believe the black line at 3,588 will hold the price. But if it loses the red line, then the 21 ema would be the next target, at least. It won’t be easy for SPX to cancel this Shooting Star, and honestly, I think that if SPX continues trading sideways, until the price hits the 21 ema, will be a good thing, as now the catalysts that were increasing the volatility aren’t as strong as before (elections and second wave). The FAANGs have no unique direction today, and this makes the indices quite hard to read. This is a challenging moment, but I hope this analysis helped you in some way. If that’s the case, please, support it , and follow me to keep in touch with my daily analyses! Have a great weekend!
SP:SPX
by Nathan_The_Finance_Hydra
14
TSLA: What's next for it?Hello traders and investors! Let’s see how Tesla is doing today! Let's do a Multi Time Frame Analysis (MTFA) and study some scenarios to work with from now on. We have a bull trend in the hourly chart, as it is doing higher highs / higher lows , but it just hit an important resistance level, the pink line at $ 442.50. As evidenced by the pink arrows, it worked as support and resistance in the past. It seems Tesla will fail in defeating this resistance, so a retest of the 21 ema or the black line at $ 430 is something we can expect in the short-term. This pullback would be considered normal and healthy, but we may see a sharper pullback if Tesla loses the black line. In fact, although the stock is bullish in the hourly chart, the daily chart is still in a congestion: We see that Tesla is moving sideways since the beginning of September, but it seems we have a clear resistance at $ 461, which is a target for us right now. The 21 ema is flat, and Tesla needs more volume to defeat the $ 461 for good. I still see the $ 406 as an important support zone, despite the fact we had a false breakout from it in the beginning of this month. The yellow area is an interesting buy zone , and we must look at the weekly chart to understand why: The yellow zone is a triple support area in the weekly chart, made by the 21 ema, the previous support (pink line) and the purple line, which was support and resistance for the price in the past. We can’t be sure if Tesla will ever hit the yellow zone again, but if it loses the $ 406, then we can focus on this area. But for now, let’s keep our eyes open in the hourly chart, as I believe it’ll offer us a better view of the situation on Tesla. And if this idea helped you, please, support it ! And follow me to keep in touch with my daily analyses. I wish you all a great Monday!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
11
TSLA: Another Trap Zone! How to proceed?Hello traders and investors! Let’s see what’s going on with Tesla now! First, we see a pullback on the hourly chart, which is natural, as Tesla just hit the resistance at the purple trendline , and it couldn’t close above the green line at $ 425.81. The 21 ema is flat now , and it is a natural support, along with the blue line at $ 419. If Tesla trades above the $ 425 it’ll trigger a Double Bottom pattern, and this would be a good signal for Tesla, and the previous resistances will work as targets. Right now, Tesla is inside a Trap Zone , between its supports and resistances. It could go anywhere from here, but let’s keep in mind that the $ 406 is still the most important point to keep in mind. Now, the daily chart: Tesla is inside a congestion , and if it defeats the trendline and the $ 425 (hourly chart), the optimal target would be the $ 461.88. On the other hand, if it loses the $ 406, then the next support would be $ 359. Either way, the volume is still low, and we must see it increasing if we want Tesla at the All Time High again. Also, since it already released its Earnings, probably it’ll just follow Nasdaq for some time, as we lack major drivers. For now, we must be aware of the Trap Zone in the hourly chart. The next movement will be decided from there! And if this analysis helped, please, support it ! And follow me to keep in touch with my daily updates and studies. Stay safe.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
TSLA: The most important point to keep in mind!Hello traders and investors! Let’s see how Tesla is doing today! The hourly chart is struggling to defeat the blue line at $ 419, and the 21 ema is still pointing down. This makes the trend bearish in the short-term, but we still have important support at $ 406 zone. Tesla did several technical movements lately, just take the red line for instance ($ 442). It worked as a support, and after it was lost, Tesla retested it as a resistance, and the same goes for the blue line at $ 419. Now, I believe the daily chart will offer us more clues: Yes, Tesla is inside a congestion . The 21 ema is flat, and the price is almost ignoring it. The support at $ 406 can be seen from here as well, and if Tesla loses it, there are no supports other than $ the purple line at $ 359. The volume is decreasing, and this tells us that the market is losing interest in Tesla right now. Historically speaking, Tesla does accumulations with low volume, before it explodes again, but this one is taking longer. Maybe because it is a time correction on the weekly chart? If that’s the case, Tesla will continue to move sideways for a few weeks. Either way, the $ 406 is the most important point right now. Let’s see how to proceed when today’s candlestick closes. And if you liked this analysis, please, support it ! And follow me to keep in touch with my daily updates on Tesla and other stocks. Have a great Monday!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
TSLA: Trapped inside a congestion? How to proceed?Hello traders and investors! Let’s see what’s going on with Tesla. It almost hit the previous support at $ 406.05, and we see a good reaction in the hourly chart. It is quite hard to work against a black bar like the one we saw today morning, but Tesla is doing a decent job. Since it lost the purple trendline we discussed yesterday, the bull trend is starting to get weaker, but this is different than a reversal sign . Tesla has a resistance at $ 419.10, which is the previous support, and if it trades above this point, the market may see today’s movement as a false breakout from a pivot point , and usually this is frustrating to the bears. Ok, the $ 406 and the $ 419 are the most important points in the hourly chart, but how about the daily chart? The daily chart is trapped inside a congestion. The 21 ema is flat, so there’s no clear trend , and today is reacting near a support level, by doing a nice shadow under the candlestick’s body. Since this is a congestion, we have two possible scenarios. If Tesla loses the $ 406, there’s no clear support to hold the price other than the purple line around $ 359. On the other hand, if Tesla defeats the $ 461.88, the All Time High would be the first target to aim. Now, let’s take a look at the weekly chart for a complete Multi Time Frame Analysis (MTFA): Ok, the ATH is the green line, and the support at $ 359 is here as well, as it was a previous resistance, and it worked as a support recently. The thing is, Tesla’s chart is stretched in the weekly chart, but is clearly bullish. So, a pullback to the 21 ema or to the purple line wouldn’t be scary at all and would be seen as a natural and healthy movement, before it can go up to higher levels. Pullbacks are expected, and even desirable . But since the volume is quite low, the trend has no fuel to continue, so it is just moving without any direction in the daily chart. These are the most important points for Tesla right now, and regardless of what Tesla is about to do, it is important for us to have a plan that suits our needs. If this idea helped you, please, support it! And follow me to keep in touch with my daily analyses and updates on Tesla and other stocks. Have a great weekend!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
7
Troubled DAXThe DAX (GER30) is in a troubled zone of congestion and seemingly fighting to stay afloat. Don't expect it to just roll over swiftly - though anything is possible. We're looking at a sharp rejection of the 2H ATR line. This analysis does not apply to any other time frame. But taking a steer from the 2H, there is money to be made (and lost) on much smaller time frames - if you know what you're doing, that is. Stay safe, wash your hands and face, wear a FFP3 mask if interacting with unknown others, don't rely on herd immunity - don't follow 'herds'. LOL. 😁 Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:GER30
by Captain_Walker
Sorry bears, I'm still not convinced at all.Hello traders and investors! Ok, so SPX is struggling a lot lately, but the bulls managed to keep the prices up, above 61.8% fib retracement, but not by much – is still dangerously close. I find interesting that the last candles look so small, but that’s an illusion , caused by the huge volatility during the Covid-19 crash, with its big candles. That’s why is always nice to look at the hourly chart: Ok, there’s a gap and the price is trapped inside a congestion between the support zone and the pink line. The bulls are almost winning here, since they are breaking out this pink line and found support at the 21 ema (again). On the other hand, maybe is doing a Head and Shoulders here, with a very small shoulder, but I don’t know, I need more confirmation. If triggered, I’ll baptize this pattern as “Mutant H&S” – my idea, no stealing. In any case, there’s no reason to buy SPX now, but I don’t see a reason to short either, only if you like fast trades, with a target at the black line, or the gap, but you guys already know this is not my style. And I prefer to buy VIX instead of short SPX, it fits better to my plans. So, no, I won’t short SPX, and I don’t think is interesting to do it right now. And, since you’ve read so far, I think you found this analysis at least interesting, even if you disagree . In this case I invite to follow me to keep in touch, at some point we will agree at something and maybe we will learn with each other! Leave a comment, I always read and respond everyone. I have my portfolio, and some of my trades I published here (three of them exactly), like the one I did on AAPL, XP INC, and LB (the last two I’m still in! Almost a month now!). Check the links below if you want to understand a little better about my trading style. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
21
Trader/Investors must understand this process.......!Kindly comment with " Yes " for agree and "No" for disagree with this post: Before the break-out, I've informed that " Breakout will give truck of Money. ..!". Exactly, we seen this statement was TRUE, didn't it? (End of idea link is added about this idea) Let's talk step by step was happened here. The Width of congestion area was equal to height of the price surged. From my personal experience and the survey/observation I'm talking about this is almost the same area as price congestion in size of width and height after the price break. Let's try to explain in another words: Horizontal width of congestion size = Vertical price move after break-out. (Generally, i noted that price moved away so far after breakout whenever congestion area is much longer.) --> Let's talk little more deeper about CONGESTION area: In the congestion area, accumulation or distribution process process. We will talk about accumulation only because, this was happened here. Accumulation : smart money, money makers, huge fund-management, landlord of global investors whatever you called them they grab/connecting instrument(stocks, currency,etc) from retail investors in very slow motion because, they can smell insider upcoming news. After the completing this accumulation, news clear and price start to go away from the breakout area. later i will try to explain you more deeper about it practically. Yes, obviously we can smell the process accumulation/distribution.
BITSTAMP:BTCUSDEducation
by Jay_shree
159