The index closed the week with a bullish low-test candle rejecting the breakout of a descending wedge on the weekly chart. The rejection on the weekly chart materialized on the…
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stock market
NASDAQ reached the 4th target of the 3rd bullish daily wave, and started a pullback
The price almost reached the 4th target of the 3rd bullish daily wave at 2.618 FIB extension around 13 900 and started a pullback on the daily chart. This pullback…
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Tesla Inc. – broke below previous low, hint for a potential further decline in the price
Last week the price briefly broke below the previous low at 780.70 on the 4H chart. This break is a hint for a potential further decline in the shares of…
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S&P 500 – formed Head & Shoulders on the 4H chart and broke below the neckline
Looking at the 4H chart of the CDF, the price formed Head and Shoulders and broke below the neckline on Monday the 22 February when the futures market opened. This breaks…
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USD breaking up against the EUR, CHF, JPY
Weekly notes for 07-13 February 2021. Bank of England told the UK banks to prepare for negative interest rates, however, shortly after that news, BoE Governor Bailey went out of…
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FED chairman Powell once again reassure, that the interest rates
Weekly notes – 31 January – 06 February 2021. The US earnings season is on and it is shaping to be a very good one, the companies that have reported earnings so…
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Apple Inc. – technical analysis for 2021, price reached 2.618 FIB extension
Analysis on the monthly chart for Apple shares, is reviewing that, in 2019 the price reached 2.618 FIB extension of the 3rd bullish monthly wave around 79.00 – 80.00 and…
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Meta Platforms Inc. (Facebook/FB) – Technical Analysis for 2021
In July 2018 the price reached the second target of the 3rd monthly bullish wave at 1.618 FIB extension around 205,00 and started a -43.00% pullback. In May 2020 the…
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Dow Jones Industrial – technical analysis for 2021
Looking at the monthly chart, we can see that the index not only broke above pre-pandemic high, but it also broke above this ascending price channel, signaling further upside. The…
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Japan Nikkei 225 – technical analysis for 2021
In the month of November 2020 the index broke above strong resistance that was holding the price since December 2017. The bullish momentum was strong enough to carry the index…
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S&P 500 – broke above the pre-pandemic high
technical analysis for 2021 Study on the monthly char shows that the first target of the bullish breakout above the 2007 high, which occurred in 2013 was reached in December…
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NASDAQ 100 – breakout above the pre-pandemic high was a continuation of the wave
Technical analysis for 2021. Studying the monthly chart, we can see that after the break above the 2000 high in 2016, the index accelerated to the upside and reached the…
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