AVAX/US DOLLAR These are levels that I'll be keeping an eye on when dealing with BINANCE:AVAXUSD , and I'll revise as price action progresses.
I adapt to the change in money flow.
Fundamentals:
Amazon Web Services (AWS) has partnered with Ava Labs in a bid to accelerate the adoption of blockchain technology by enterprises, institutions, and governments.
The move has sent the linked Avalanche AVAXUSD token soaring higher in recent days, outperforming even Bitcoin amid a major bull run in the biggest cryptocurrency. *OLD ARTICLE*
.....
Monthly:
1. P.A. broke a key low
2. Demand (untouched) below broken key low
3. Key S/R being revisited for 1st time
4. Key S/R rest within untouched demand
AMZN
AMZN ~ Snapshot TA (Daily / Nov 2023)NASDAQ:AMZN chart mapping/analysis.
Consolidation within ascending parallel channel (green).
Bull target(s)
Ascending trend-line resistance (white dotted)
Upper range of parallel channel (green) + 78.6% Fib confluence resistance zone
Overhead gap fill (~163.27)
Bear target(s)
61.8% Fib
Underlying gap fills (~133.57 / ~121.64)
50% Fib
lower range of ascending parallel channel (green)
38.2% Fib
Upper range of descending parallel channel (light blue)
5 Technical Indicators for Smart TradingNavigating the intricate world of trading requires a keen understanding of technical indicators. These powerful tools serve as guiding stars, illuminating market trends and potential entry or exit points. Today, we unravel 5 top technical indicators that stand as pillars in the realm of trading. Whether you're a beginner seeking foundational knowledge or an experienced trader aiming to refine your strategy, consider these indicators to enhance your analysis.
1. Moving Averages: Riding the Waves of Market Trends
Moving Averages (MA) are foundational tools in technical analysis, smoothing out price data to identify trends over specific periods.
Simple Moving Averages (SMA) provide straightforward trend indications, while Exponential Moving Averages (EMA) offer more weight to recent prices, making them highly responsive to market shifts. Traders often use crossovers between different MAs to pinpoint entry and exit points and utilize different lengths on different time frames. One common way traders use MA’s is to identify the overall trend using one or two moving averages.
2. Relative Strength Index (RSI): Gauging Overbought and Oversold Conditions
RSI measures the speed and change of price movements. It oscillates between zero and 100, traditionally using levels of 70 for overbought and 30 for oversold. Traders interpret divergences between RSI and price movements, seeking potential reversal points. Additionally, hidden divergences, where RSI disagrees with the underlying trend, are valuable for trend continuation strategies.
3. Bollinger Bands: Embracing Volatility for Profitable Trades
Bollinger Bands consist of a middle line being an MA (often 20 period) and two outer bands representing standard deviations from the middle band.
Volatility increases the distance between the bands, offering a visual representation of market volatility. When the price touches the upper band, it signals potential overbought conditions, while touching the lower band indicates potential oversold conditions. Traders also observe "band squeezes" as precursors to significant price movements.
4. Moving Average Convergence Divergence (MACD): Capturing Trend Changes
The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that highlights the relationship between two Moving Averages (MAs). The MACD line represents the difference between a short-term EMA (often 12 periods) and a long-term EMA (typically 26 periods). The signal line, usually a 9-period EMA of the MACD line, acts as a trigger for buy and sell signals.
Traders observe MACD crossovers, where the MACD line crosses the signal line, as potential entry points. Additionally, MACD histogram bars visualize the distance between the MACD and its signal line, offering insights into the strength and direction of a trend. By understanding these components, traders gain a nuanced understanding of potential trend changes and momentum shifts.
5. Average Directional Index (ADX): Measuring Trend Strength
The Average Directional Index (ADX) is a trend strength indicator that quantifies the strength of a market trend without specifying its direction. Typically, an ADX above 25 indicates a strong trend, while below 20 suggests a weak trend.
Traders use ADX crossovers and divergences with the price chart to distinguish between trending and ranging market conditions. A rising ADX suggests a strengthening trend, while a falling ADX may indicate a weakening trend strength.
Combining ADX with other technical indicators enhances a trader's ability to identify robust trends and potential reversals, providing a more comprehensive view of market dynamics.
Wrapping Up:
This article scratches the surface of the indicators listed, there are whole books written on some of them. We have gone more in-depth with most of these indicators in our previous articles. We have linked those articles below if you would like to learn more about any of these foundational indicators. Remember, while these indicators provide valuable data, combining them with a robust risk management strategy, other indicators for confirmation, and a deep understanding of market fundamentals ensures a holistic approach to successful trading. Happy Trading!
𝗔𝗺𝗮𝘇𝗼𝗻 𝗨𝗽𝗱𝗮𝘁𝗲: $AMZN Weekly. Huge bull setupOver 145 and should see a nice run to 170 resistance. Large accumulation pattern (inverse H&S) with an implied target ~$200 🤯
NASDAQ:QQQ $NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks
𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. Bulls have the ball ... 4th test of the top TL. At some point will breakout and they just trapped a ton of bears and stopped out longs on false breakdown below 352. 200dma held nicely and nearly hit major support area at 338-40 📈
$NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks
pt 2 TSLA NVDA AAPL MSFT AMZN META GOOGL Price ForecastTSLA NVDA AAPL MSFT AMZN META GOOGL Price Forecast
00:00 Rate hike Data, Sentiment Data, Earnings, Economic data
04:08 QQQ Forecast
10:28 Sp500 ETF analysis
13:40 Tesla Stock TSLA Forecast Technical Analysis
16:26 Nvidia Stock NVDA Forecast Technical Analysis
19:00 Apple Stock AAPL Forecast Technical Analysis
22:13 Amazon Stock AMZN Forecast Technical Analysis
25:22 Google Stock GOOGL Forecast Technical Analysis
27:04 Microsoft Stock MSFT Forecast Technical Analysis
29:23 Meta Forecast Technical Analysis
pt1 TSLA NVDA AAPL MSFT AMZN META GOOGL Price ForecastTSLA NVDA AAPL MSFT AMZN META GOOGL Price Forecast
00:00 Rate hike Data, Sentiment Data, Earnings, Economic data
04:08 QQQ Forecast
10:28 Sp500 ETF analysis
13:40 Tesla Stock TSLA Forecast Technical Analysis
16:26 Nvidia Stock NVDA Forecast Technical Analysis
19:00 Apple Stock AAPL Forecast Technical Analysis
22:13 Amazon Stock AMZN Forecast Technical Analysis
25:22 Google Stock GOOGL Forecast Technical Analysis
27:04 Microsoft Stock MSFT Forecast Technical Analysis
29:23 Meta Forecast Technical Analysis
TSLA NVDA AAPL MSFT AMZN META GOOGL Price Forecast00:00 QQQ Forecast
05:58 Sp500 ETF analysis
07:58 Tesla Stock TSLA Forecast Technical Analysis
10:20 Nvidia Stock NVDA Forecast Technical Analysis
13:37 Apple Stock AAPL Forecast Technical Analysis
15:16 Amazon Stock AMZN Forecast Technical Analysis
17:16 Google Stock GOOGL Forecast Technical Analysis
18:46 Microsoft Stock MSFT Forecast Technical Analysis
19:55 Meta Forecast Technical Analysis
pt2. TSLA NVDA AAPL MSFT AMZN META GOOGL Price Forecast00:00 QQQ Forecast
05:58 Sp500 ETF analysis
07:58 Tesla Stock TSLA Forecast Technical Analysis
10:20 Nvidia Stock NVDA Forecast Technical Analysis
13:37 Apple Stock AAPL Forecast Technical Analysis
15:16 Amazon Stock AMZN Forecast Technical Analysis
17:16 Google Stock GOOGL Forecast Technical Analysis
18:46 Microsoft Stock MSFT Forecast Technical Analysis
19:55 Meta Forecast Technical Analysis
AMZN Pulls NASDAQ Up, Expecting Help from AAPLAmazon's quarterly report provided a ray of light in a gloomy environment for the tech-heavy US stock market, as the NASDAQ index fell last week to levels last seen in May.
→ AMZN EPS: actual = USD 0.94, expected = USD 0.58
→ Gross revenue: actual = $143.5 billion, expected = $141 billion
→ For the Q4, AMZN expects revenue of USD 160-167 billion
→ Revenue from Amazon Web Services grew by 12.3% year on year
→ Advertising revenue increased by 26%
However, the AMZN chart shows that:
→ the price pushed off from the lower border of the parallel channel;
→ the breakdown of the psychological level of USD 120 per share turned into a trap for the bears;
→ the price is approaching the resistance zone, which is formed by the median line of the channel and the level of USD 135.
AMZN is acting as a leader among NASDAQ stocks, but that may not be enough for the index to show positive sentiment in a market under pressure from high Fed rates.
While a report from AAPL could add some good news, it is expected on November 2, after the market closes. On the eve of the report, Apple (AAPL) presented new 3-nanometer M3 chips, as well as an updated family of MacBook Pro laptops: a 14-inch MacBook Pro for USD 1,599, and 16-inch laptops will start at USD 2,499.
Also on the radar for stock traders is the Fed meeting on November 1st.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
AMAZON 1st bullish break-out made. Only the 1D MA50 left.Amazon (AMZN) made a Channel Down Lower Low on Thursday just before hitting the 1D MA200 (orange trend-line) and following the higher than expected earnings opened Friday much higher. That price jump broke above the September 14 Lower Highs trend-line. The 2nd and final bullish break-out we expect before buying again for the long-term will be above the 1D MA50 (blue trend-line), which is where the October 12 rejection took place.
A candle closing above it, would invalidate the medium-term bearish bias and most likely restore the stock back on long-term bullish trend. The 1D RSI Double Bottom is what at the moment is shifting the sentiment a little more towards a potential bullish break-out. On the other hand, a break below the 4H MA200 will cancel it. Our target is 146.00, just under the August 16 2022 High.
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$SPY breakout incoming? 👁🗨️*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
AMAZON Making a bullish break out, potentially long term.Amazon / AMZN had a huge price leap after yesterday's earnings release and already crossed over the top of the Falling Wedge pattern.
This is the main pattern despite the fact that a Channel Down potentially exists as the Wedge's Lower High was priced/ rejected on the 1day MA50.
Equally important is the fact that yesterday the price fall stopped a little over the 1day MA200, which is the first long term Support (1week MA50 being the second).
Buy for the long term and target 145.80 (Resistance B).
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part 2 NVDA AAPL MSFT AMZN GOOGL META TSLA Price ForecastNASDAQ:NVDA NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:GOOGL NASDAQ:META NASDAQ:TSLA Price Forecast
00:00 Economic Data Psychology, AAII Sentiment Data, Earnings, Fear & Greed Index
04:00 QQQ Stock Price Forecast
07:18 Sp500 ETF Price Forecast
11:43 Tesla Stock TSLA Forecast Technical Analysis
13:45 Nvidia Stock NVDA Forecast Technical Analysis
15:48 Apple Stock AAPL Forecast Technical Analysis
17:02 Amazon Stock AMZN Forecast Technical Analysis
20:03 Google Stock GOOGL Forecast Technical Analysis
24:42 Microsoft Stock MSFT Forecast Technical Analysis
27:19 Meta Forecast Technical Analysis
NVDA AAPL MSFT AMZN GOOGL META TSLA Price ForecastNASDAQ:NVDA NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:GOOGL NASDAQ:META NASDAQ:TSLA Price Forecast
00:00 Economic Data Psychology, AAII Sentiment Data, Earnings, Fear & Greed Index
04:00 QQQ Stock Price Forecast
07:18 Sp500 ETF Price Forecast
11:43 Tesla Stock TSLA Forecast Technical Analysis
13:45 Nvidia Stock NVDA Forecast Technical Analysis
15:48 Apple Stock AAPL Forecast Technical Analysis
17:02 Amazon Stock AMZN Forecast Technical Analysis
20:03 Google Stock GOOGL Forecast Technical Analysis
24:42 Microsoft Stock MSFT Forecast Technical Analysis
27:19 Meta Forecast Technical Analysis
AMZN | InformstiveNASDAQ:AMZN
Trend & Patterns: The stock appears to be in a downtrend, indicated by the series of lower highs and lower lows.
Support & Resistance:
Bearish Line: This line at approximately $124.97 is possibly acting as an immediate support. A breach below this line could see further declines.
Bullish Line: This line at approximately $125.90 might act as a resistance for the stock. A movement above this line could indicate bullish momentum.
Target Prices: Two target prices are highlighted at around $128.05 and $129.20, which might act as resistance points in case of an upward move.
Extended Support: There's another target price marked at $123.04 which could be a future support level if the stock continues its decline.
Moving Averages: The stock is trading below its moving averages, further indicating a bearish sentiment.
Volume: The volume bars seem to be increasing during down days, which can be a bearish sign. An increased volume on declining days can indicate strong selling interest.
Indicators:
Bollinger Bands: The stock price is near the lower Bollinger Band, which can sometimes indicate that the stock is oversold.
Average True Range (ATR): Without exact values, it's a bit tricky, but a rising ATR often indicates increased volatility.
Recent Price Action: The most recent candlestick appears to be a small bullish one, though it's contained within the range of the previous larger bearish candlestick. This could indicate a potential short-term reversal or consolidation, but it would be essential to watch further price action and other confirming indicators.
Think Before You Short: AMZN EarningsTraders need to check weekly charts when considering selling short stocks at this time. Many times there are strong support levels close to the current sold down price action.
The weekly charts also provide more data for day and swing traders to determine the all important RUN GAIN POTENTIAL. This must be calculated before any trade to determine the Risk versus Profit Potential for that trade, regardless of whether the hold time is a few minutes or several days for swing trading.
For many stocks, the recent selling down is not due to weaker earnings expectations but due to an overall reaction to retail news regarding international conflicts, US government uncertainties and regional wars.
The key element for trading stocks short-term is to understand where support will kick in and halt a sell short trade. Understanding the functionality and the strength or weakness of a support level is crucial to attaining a high-profit trade.
It is also a factor if you are waiting on the Dark Pool Buy Zone levels for getting into the stock for a run up from support levels.
Below is a chart of AMZN, which reports earnings on Thursday this week after the market close.
It shows that support is strong near the current price level. This indicates that the Dark Pool Buy Zone is within that technical price range. Selling short is inherently higher risk as the support level is a long-term trend strong support.
Why is it so strong?
1. There is a several-week price range that held the stock up.
2. Highs are a support mechanism when the stock market is not in a long-term downtrend. ALL
traders should know that this is not a bear market. Indexes are in a Trading Range.
3. The length of the candles is significant and relevant to the strength of the support.
NVDA AAPL MSFT AMZN GOOGL META TSLA Price Forecast00:00 Economic Data, AAII Sentiment Data, Earnings, Fear & Greed Index
02:59 QQQ Stock Price Forecast
07:08 Sp500 ETF Price Forecast
08:59 Tesla Stock TSLA Forecast Technical Analysis
11:09 Nvidia Stock NVDA Forecast Technical Analysis
12:35 Apple Stock AAPL Forecast Technical Analysis
14:52 Amazon Stock AMZN Forecast Technical Analysis
16:40 Google Stock GOOGL Forecast Technical Analysis
17:43 Microsoft Stock MSFT Forecast Technical Analysis
18:36 Meta Forecast Technical Analysis