Wednesday, 26 May 2021
GS Goldman Sachs up more than 155% since the AI buy signal!
GS Goldman Sachs up more than 155% since the artificial intelligence buy signal! Trailing stop level at 330! Winning with AI!
Tuesday, 25 May 2021
TSLA: Fantastic rebound since hitting the 560 downside point and figure target!
TSLA: Fantastic rebound since hitting the 560 downside point and figure target!
TSLA reversed higher after hitting the 560 downside point and figure chart target. This reversal also at a key P&F chart trend line support zone! Next upside target is 660! So far so good!
Thursday, 20 May 2021
Wednesday, 19 May 2021
ETH Ethereum fighting for support at the 2966 zone!
ETH Ethereum fighting for support at the 2966 zone!
Downside risk towards old cloud chart support zones of 2647/2557! ETH is down more than 29% since the sell signal above the cloud!
Potential to rebound from these levels back up to the bottom of the cloud. But remember since price action is below the cloud the outlook remain bearish. But there are swing trade opportunities for the risk takers!
Bitcoin BTCUSD Hitting those downside point and figure chart targets! Hitting trend line support, rebound zone!
Bitcoin BTCUSD Hitting those downside point and figure chart targets! Hitting trend line support, rebound zone!
BTC is down more than 29% since hitting the point and figure chart sell signal! BTC also hit the most recent downside point and figure chart targets of 42500/40750/39000!
Its now ata key point and figure trend line support zone! There is the potential to rebound from this zone!
Downside risk remains down to 36500 with rebound potential at current levels!
Tuesday, 18 May 2021
Monday, 17 May 2021
TSLA: Tesla close to key point and figure chart target of 560! Rebound zone!
TSLA: Tesla close to key point and figure chart target of 560! Rebound zone!
TSLA is also getting close to a key point and figure chart trend line support zone, can see a rebound in this zone!
NDX: Rebounded from cloud support! So far so good!
NDX: Rebounded from cloud support! So far so good!
NDX rebounded from a key cloud chart support zones of 13046/13140! As long as NDX stayes above this key cloud chart level, the rally is ok, but any price action below the cloud changes the outlook from bullish to bearish from a cloud chart trading perspective!
Upside resistance targets are 13611!
Bitcoin BTCUSD: Having a hard time to rebound from old cloud chart support zones! Outlook still bearish!
Bitcoin BTCUSD: Having a hard time to rebound from old cloud chart support zones! Outlook still bearish!
Bitcoin had a great little rally rebounding from old cloud chart support zones at bottom end of the cloud. Then ran into trouble at the top end cloud chart resistance zone at 58955! A correction started and support failed at the bottom end cloud level, and its at this point where the outlook changed from bullish to bearish, since price action below the cloud is bearish!
Support failed at the 48511 zone, and then BTC tested the 43580 support zone, and rebounded from there! Swing trade possibilities from these old cloud chart support zones, back up to the bottom cloud level. But these counter trend trades since the outlook is still bearish!
ETH Ethereum: Sliced past cloud chart support, ETH in trouble!
ETH Ethereum: Sliced past cloud chart support, ETH in trouble!
After a great little rebound from cloud support at 3600 zones, it then rand into trouble at the top end front cloud chart resistance zones of 4082!
Outlook changed to bearish as soon as ETH sliced past the bottom end cloud chart support zone. The downside targets were the old cloud chart support levels of 3150, and then ETH rebounded from that level.
Price action below the cloud is bearish on a 4hour basis, but taking swing trades from key support rebounds, with the bottom end cloud chart as the upside resistance targets now.
Looking at the ETH daily cloud chart, ETH managed to rebound from the standard line/base line of the cloud. So far so good. As long as it stayes above this 3244 support zone this rally should be ok.
There is downside risk towards the top end of the cloud! A key risk to keep in mind!
Friday, 14 May 2021
ETH Ethereum recently hit the 4350 point and figure chart target! Next target 4750!
ETH Ethereum recently hit the 4350 point and figure chart target!
ETH hit the 4350 P&F chart target. Then reversed lower signalling the profit taking signal. Back down at the key support zone of 3550 ETH rebounded and then triggered the P&F chart buy signal.
The current rally target is up to 4750 (+20%) but that target will only be activated at a breakout past the 4375 high on the P&F chart. Bullish for now, but beware any P&F chart reversals that will signal profit taking!
Thursday, 13 May 2021
NDX-100 Nasdaq in trouble! NDX at critical cloud chart support zone! Make or break week!
NDX-100 Nasdaq in trouble! NDX at critical cloud chart support zone! Make or break week!
NDX is testing cloud chart support zones at bottom end of the cloud. Need to see a rebound at these levels. If support fails then the outlook will change from bullish to bearish from a cloud chart trading perspective.
Price action above the cloud is generlaly bullish, and price action below the cloud is bearish. Index is down more than 900 points since the sell signal above the cloud!
Critical day ahead!
S&P 500 On its way to close the April fools day gap around 4023 zone!
S&P 500 On its way to close the April fools day gap around 4023 zone!
The next key support zone below that level is the bottom end of the cloud at 3959 zone! Downside risk to the bottom end cloud chart zone!
S&P 500: Heading towards next cloud chart support zone: 4023!
S&P 500: Heading towards next cloud chart support zone: 4023!
S&P500 index lost support at the top end of the cloud chart and then sold off after the cloud chart sell signal. Next key support zone to be tested in and around the bottom end of the cloud at 4023 zone! If price action moves below the bottom of the cloud the outlook changes to bearish on the 4 hour cloud chart! Need to see support come in at the 4023 zone for the rally to remain in place.
Wednesday, 12 May 2021
Tuesday, 11 May 2021
Monday, 10 May 2021
Ethereum: Bang ETH hit the P&F chart targets of 3450/3925 & 4050! Next targets 4350/4825!
Ethereum: Bang ETH hit the P&F chart targets of 3450/3925 & 4050! Next targets 4350/4825!
The crypto bubble keeps going and going! Next targets are 4350/4825, but beware any P&F chart reversals that will signal the end of the current rally!
Thursday, 6 May 2021
Ethereum: Bang ETH hit the 3450 point and figure chart target! Next targets are 3925/4050!
Ethereum: Bang ETH hit the 3450 point and figure chart target! Next targets are 3925/4050!
Beware any P&F chart reversals to signal the start of a consolidation after price targets were hit. Reversal risk high at these elevated levels.
Wednesday, 5 May 2021
Tuesday, 4 May 2021
Ethereum up 100%+ since the most recent cloud chart buy signal!
Ethereum up 100%+ since the most recent cloud chart buy signal!
ETH bit extended from the cloud now, so it is moving into a risky time zone! Keeping an eye on any weakness up here!
So far so good cloud chart trading ETH!
Subscribe to:
Posts (Atom)