Crudeoil has been on a tear making new highs in the last few weeks . All this may have ended in a wave 5 of 5 and a major turn seems to have begun. The downmove from the Feb 15th high is clearly a diagonal wave A ( or wave 1) , a correction in wave B ( or wave 2) has completed a few hours back.
As long as the 94.95 high holds , look for an accelerated move at a...
Netflix has formed a pennant pattern and currently its in a position to either give a breakdown or a breakout from this point. A proper trade can be initiated after either of those happens with good volumes.
Disclaimer: I don’t own shares of Cognizant Technology Solutions ( CTSH )
The below analysis is not a trading or investment recommendation & is only for learning purpose.
1. CTSH entered a long-term uptrend in Nov’21 with price closing above the 200MA.
2.Price broke the previous high around $83 after having retraced 38% to $66.
3.Price has formed a double top...
Description : Chart of Gold is forming a beautiful triangle.
Support Area : Break of triangle downside will lead to immediate support at 1680$ if this also breaks then 1480$.
Resistance Area : Break of triangle on upside will lead to 1900$ and then followed by 2030$
Disclaimer: I own shares of PACB at the time of publishing this analysis.
The below analysis is not a trading or investment recommendation & is only for learning purpose.
1.PACB has been in a major downtrend like most other small caps & biotech stocks.
2.The stock is way below the 200DMA which sits around $25.
3.The spread between the 20DMA & 200DMA is also very...
Its has M-reversal Pattern.A double top is a pattern for two successive peaks, which may or may not be of the same price levels. The pattern looks like an M. A double top pattern occurs when the stock fails to continue the uptrend in its second attempt as it meets resistance pressure from sellers at its highs. In a market rally, sellers suddenly take control and...
Disclaimer: I don’t hold shares of Expedia
The below analysis is not a trading or investment recommendation & is only for learning purpose.
1. Expedia is breaking out from it’s previous life time high after forming a rounding bottom on a major time frame.
2. A failed test was seen with price re-testing the resistance turned support level around $188 on the daily...
Disclaimer: I don't own shares of TDOC . This is not a trading or investment recommendation but a demonstration of how the concept of hidden divergence works.
Hidden divergence similar to hidden bullish divergence is usually considered as an extension signal of the current trend.
TDOC like most small cap stocks in the biotech sector has been brutally hit,...
Disclaimer: I don't own shares of TDOC. This is not a trading or investment recommendation but a demonstration of how the concept of hidden divergence works.
Hidden divergence similar to hidden bullish divergence is usually considered as an extension signal of the current trend.
TDOC like most small cap stocks in the biotech sector has been brutally hit,...
Look for short term buys and long term sells for Ali Baba Holdings, we have H1 supply order block from where we can look for sell if we have LTF BOS, if H1 Supply block compromised then look for buying opportunity... H1 Demand zone can act as strong support zone if price broke the zone then look for buys at Daily demand zone
After a lot of time of DISDOS /
we want to see brake and close lower then 134
if the market prove to us that he want to go down .
we love this short
Target OMEK DISDOS /
Disclaimer - I don't own IWM ETF shares. This is not a trading or investment recommendation.
This is in continuation to my previous post on IWM Analysis, this chart shows the AB=1.618CD pattern of IWM.
All the best!
Disclaimer - I don't share of IWM ETF. This analysis is not a trading or investment recommendation & is only for educational purpose.
1.IWM has been in a lower high lower low structure after the false break out.
2.The long consolidation support area was broken indicating that the activity during consolidation was distribution.
3.IWM has paused its downtrend & has...
Hello traders, Tesla in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
We preferred to do the logarithmic wave counting, but we left it out because the structure of the previous waves was not known.
Based on the count that was done and according to the channeling, we realized that...
Hello traders, Microsoft in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The general structure of this counted wave is unclear and we need more waves to detect it.
Now, according to the count, the main waves 1 and 2 have been formed and now we are inside wave 3.
This wave 3 has...
Hello traders, Google in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The waves that we counted are the main waves 1 and 2 and the rest of the waves are related to the microwaves of the main wave 3.
From these microwaves, waves 1 and 2 are over and now we are inside wave 3.
Wave 3...
