Tesla has been trading in a sideways range between $220 - $290 for the last several weeks, a sign of what may either be a potential accumulation, or another distribution range which ultimately ends in lower prices. At the moment, we are at an interesting zone, being the low of the range with earnings coming into effect tomorrow. Although there is a lot of stipulation behind Elon's current credibility working for Trump, it is clear that the overall market sentiment is at extreme lows for Tesla. Given this, the earnings tomorrow may be a liquidity catalyst event that may shoot this stock back up into a recovery. Perhaps Elon announces his resignation from Doge, or Tesla earnings surprise, or perhaps Tesla is not affected by tariffs as badly as people may think. Technically, Tesla is sitting at a key zone being the POC (point of control) also known as the most traded zone of the last 4 years. Should a bounce materialize, it would make sense for it to take place around this price. We are also seeing what may be considered a bullish harmonic playing out during this recent volatility. Either way, we cant predict, we can only manage our risk. The expected move for tomorrow is + or - 10%. Budget accordingly.
This downtrend has been extremely well respected for past 2 months... Its like its been broken and sustained to the upside....
EURNZD is in uptrend and currently have completed sub-wave 1 of wave 5 of higher degree. The question is the pullback for sub-wave 2 complete or still retracing lower? Given the wave structures looks like we might have a retrace lower to complete a complex correction wxy before we resume the bullish momentum. If we are correct we should expect price to find support around 78.6 fib retracement. Lets monitor it for a possible long(This is not financial advise, always plan your trades and execute them at your own risk)
EURUSD SHORT FORECAST Q2 W17 D22 Y25 Summary - Weekly Order Block - Daily Order Block - 15' Order Block - Break of 15' structure Requirements - Setup A) Continued 15' breaks of structure. Price action pull back to point of interest. - Setup B) Lower time frame break of structure via current 15' order block for immediate short. FRGNT X IG - JCFRGNT
Gold exploded higher again on Monday, climbing to $3,413, a new all-time high. The uptrend remains unstoppable for now: ? Price is up nearly +2.6% on the day ? Strong support from rising trendline and 50-day SMA ? MACD is accelerating, signaling strong momentum ⚠️ RSI has entered overbought territory at 76.83, but no bearish divergence yet The trend is your friend – and for now, bulls remain firmly in control. Traders eye $3,500 as the next major psychological milestone, while any pullbacks may find support near $3,300 or the trendline.
The U.S. dollar continues to slide against the Swiss franc, with USD/CHF falling below 0.8100 and hitting its lowest level since 2015. The technical picture remains heavily bearish: ? Price is well below the 50- and 200-day SMAs ⚠️ RSI is deeply oversold at 26.21, but showing no bullish divergence yet ? MACD is accelerating to the downside, confirming downside momentum ? Support at 0.8400 was shattered and may now act as resistance While a short-term bounce could emerge due to oversold conditions, the downtrend remains firmly intact. A close below 0.8075 opens the door to a potential test of the psychological 0.8000 handle. -MW
These are my levels I am most concerned with for NASDAQ:AAPL Last week, $200 level showed life and buyers stepped in but that doesn't mean we are out of the woods and price currently is in semi "no man's land", kind of just hanging around the demand area. One bright point is bullish price volume last week as well. I would wait to see how this week turns out before putting money back into the iPhone company.
The euro continues its sharp ascent, breaking convincingly above key resistance at 1.1200 and now eyeing the 78.6% Fibonacci retracement near 1.1745. Momentum remains firmly bullish: ? Price has surged through both the 50- and 200-day SMAs ? MACD is accelerating higher, showing strong bullish momentum ? RSI is nearing overbought territory at 74.92, but not diverging yet As long as EUR/USD holds above 1.1200, the path of least resistance may remain higher. However, traders should watch for signs of exhaustion near the 1.17 area, a key technical confluence that could slow the rally. -MW
FUTURES NQ SCALP 1:1FUTURES NQ SCALP 1:1 Pending Order Risking 1% to make 2% NAS100, US100, NQ, NASDAQ short for day trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly. Risking 1% to make 1% Use proper risk management Looks like good trade. Lets monitor. Use proper risk management. Disclaimer: only idea, not advice
NASDAQ:NFLX has been one of the only, if not the only, big tech names holding relatively well during this bear market but even the best names can't go forever against the trend. We seem to have reached the breaking point for this one as a double top short setup is currently unfolding. I'd like to see a drop below $977 to increase my conviction and look to add to my short position. Stops are clear at $1003 and/or $1018 depending on your position sizing and risk appetite. I'm willing to keep this position open for at least a few days if it starts to go lower aggressively from here. ------------------------------------------------------------------------------------------------------ On a more general note, as I said on my previous post, we're still in a bear market and nothing points towards a change of trend for now. With Gold still being the only real safe haven So, don't try to be a hero and go against the trend with any long positions! Especially not on borrowed money (leverage) !!! It's difficult and very risky to try and catch bottoms and for now especially it's not happening if all the talking heads on CNBC and co. are calling it. CAPITALCOM:GOLD continues to be the only safe haven, and contrary to again the talking heads, it seems to me that it can still go higher, thus stocks will continue even lower !