We see the classic cup & handle pattern in the Nasdaq 100, where currently the handle in the downtrend was broken upwards and retested. Thus, further highs are expected, above the previous 52w high and then the ATH. Furthermore, with Friday's close, the MA50 in 4H was exceeded, which is also bullish.
I expect DAX to rebound to at least .786 fib level which is around 15270 after reaching oversold conditions and multiple rejections of the .618 fib level. From there DAX will either dive back to todays lows or try to find its way towards yearly and all time highs.
I expect to see Nasdaq break the handle soon and reach new yearly highs
Hi traders, for SHOP i see a test of the trendline around $39 which is also the .5 fib level from the uptrend started begin of 2023. Afterwards, we should hold the trendline and see the 2023 highs again. This is no financial advice.
Hi traders, i think we have here a great buying opportunity for the SPX in the next trading days. Inside the blue box we have between 3980 and 3929 two relevant Fib levels (0.5 and 0.382) which should act as support here. In addition, we also see the most relevant MAs in the Daily, where the 200MA is around 3940 and the 50MA which lies currently at 3978. I...
Hi all, I see here a diamond pattern in the DAX which usually signal market tops and a reversal. If DAX will break the Diamond trendline around 15.300 it signals me a short opportunity with targets at fib level around 15.180 where we will find also the 4H MA200. If we loose this level, DAX will test 15.000 again with final target 14.900 This is no financial advice.
Hey guys, this is my first analysis here, so let's see how this works out! I see in the short-term a good buy opportunity in AAPL as we heading into a good support from the Jun22 low around $130 and an oversold RSI with 27. By using Fib Retracment Levels I expect a jump from here to at least $140. If the 4H is closing below the Jun22 I take the loss.