TSLA NVDA AAPL MSFT GOOGL AMZN Detail Trading Guide with Levels- most of all these big tech stocks and market itself are due for weekly consolidation so the most likely scenario for me in the next coming weeks is more so a sideways or slight dip action.
- the size of this consolidation pull back will determine our next move
- Tesla about to form its first monthly uptrend since ATH
- Nvidia potential 4h head and shoulders pattern
- AAPL & MSFT potentially testing ATH
AAPL
Apple On a Major Resistance, Take a Close Watch on this LevelAAPL has reached a significant resistance level on the weekly chart, showing signs of selling pressure. If the price revisits this level, it could repeat the previous selling pattern. However, if a clear breakout occurs, a new all-time high may be established, indicating a continuation of the current bullish trend.
AAPL: Navigating the Push to $166-$167 and its Impact on SPXOn March 28, merely three days ago, I highlighted the inverted head and shoulders pattern observed in AAPL's stock price. In this particular case, the pattern indicated a bullish continuation. I discussed the support and resistance flip that transpired at the $156 mark. At that time, AAPL was trading just below $156.50, and I projected a bounce to $166, provided that the stock found support at $156. Currently, with AAPL at $164, I maintain my expectation of a push towards the $166-$167 range in the upcoming sessions.
AAPL's performance has contributed significantly to the upward movement of the SPX in recent days. While not the sole reason, AAPL's strong showing is indeed a critical factor, given its heavy weighting in the index. Other stocks, such as TSLA, have also performed well, further bolstering the SPX.
This week, the SPX has experienced multiple gap-ups, and as AAPL approaches the $166-$167 price target, I recommend using this opportunity to reduce risk exposure. It is plausible that we may see a short-term pullback from these levels, even for those with a bullish outlook.
EDUCATION - Head and Shoulders - Continuation
Technical analysis is a vital tool for traders looking to identify trends and make informed decisions in the financial markets. Among the many chart patterns that traders rely on, the head and shoulders pattern stands out as a widely-recognized and powerful indicator. However, the lesser-known inverted head and shoulders pattern can also serve as a continuation pattern in an uptrend rather than a reversal formation. I'd like to dive into this a little bit in case there are readers that did not understand how I came to the conclusion I came to with AAPL.
Understanding the Inverted Head and Shoulders Pattern
The traditional head and shoulders pattern is characterized by three consecutive peaks resembling a head and two shoulders. Conversely, the inverted head and shoulders pattern consists of three troughs, with the middle trough being the deepest and the other two at roughly the same level. While the conventional head and shoulders pattern typically signifies a bearish reversal, the inverted version can signal either a bullish reversal or a continuation of an existing uptrend.
Identifying the Inverted Head and Shoulders Continuation Pattern
To effectively spot an inverted head and shoulders pattern in an uptrend, traders should look for the following characteristics:
1. Preceding Uptrend: The pattern must form within an existing uptrend to qualify as a continuation pattern.
2. Distinct Troughs: The pattern should have three clear troughs, with the middle one (head) being the lowest and the other two (shoulders) being roughly equal in depth.
3. Neckline: Connecting the highs of the two shoulders forms the neckline, a resistance level that the price must break through to confirm the pattern.
4. Volume: Ideally, volume should decrease as the pattern forms and increase upon breaking the neckline, signaling the continuation of the uptrend.
Trading the Inverted Head and Shoulders Continuation Pattern
When utilizing the inverted head and shoulders continuation pattern in trading, consider the following steps:
1. Confirmation: Wait for the price to break above the neckline with an increase in volume. This confirms the pattern and suggests the continuation of the uptrend.
2. Entry: Enter a long position when the price breaks above the neckline.
3. Stop-Loss: Place a stop-loss order below the right shoulder to minimize potential losses.
4. Profit Target: Calculate the profit target by measuring the distance between the neckline and the head. Add this value to the neckline's breakout point to determine the target price.
Apple Potential Selling SoonTaking a look into Apple, we have some indicators that we may see some selling here soon. It has formed a descending channel.
Indicators:
- MACD is in an average area of a bullish move before a sell off.
- RSI slightly surpassed the last high of Aug 2022 but it is still not overbought yet, we simply have room to head down if it does.
- MFI (Money Flow Index) seems to have peaked and is slightly sinking.
Comments:
We're still waiting on Apple earnings which have been pushed to May 5th for some reason. We do see a head and shoulders have formed. If we do see a sell off which would need to start soon in order to confirm the prediction, we should see a bounce in the HKEX:138 - HKEX:142 area about a month or two into selling, before heading back down. You can confirm this by looking blue arrows. The bounce typically happens in the same timeframe and percentage down after the selling has begun. Further more, this has been the longest bounce since the selling started in early 2022. This rally has about exhausted itself, especially in the face of decaying economic data.
For giggles, I overlaid the Feds Balance Sheet and amazing coincidence when the sheet explodes up, equities also exploded up. The balance sheet rises ALWAYS precedes the markets going up. Tale tale that when Apple started to sell off Feb 23rd, the balance sheet grew THEN Apple's stock prices started to rally yet again. But, as we can see the balance sheet has begun unwinding. Amazing seeing how markets have been weaker and weaker, ending in the red or flat. I believe this is a tale tale sign of another wave down.
There is more talk of banking issues, and now commercial real estate issues. Let's see what transpires by summer. The Fed all but confirmed a recession and blamed it on the banking crisis.
AAPL Set To DropAAPL is set to drop based on multiple indicators on this hourly chart. Some key indicators to look at are: Divergence+ Sell signal. These signals are strong and have a high accuracy, so accurate the creator charges a subscription and as a retired options swing trader who does not currently use the indicator for personal use has made enough money off the script to pay for it the rest of my life. As a small trader ( <50k annual income and no starting investment funds ) has made tens of thousands of dollars with this script. I swear by their accuracy! The red cloud above the most recent candles is also bearish divergence, the outlined red is where the RSI is above 70 and the MACD also shows growing bearish divergence with plenty of room for the price to drop.
Apple -> Pump Might Be Over NowHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently retesting a quite massive previous weekly resistance area at the $180 level which is now definitely pressing price lower.
You can also see that over the past couple of weeks, Apple had a massively bullish rally of about 45% towards the upside without any real correction, so I am now just waiting for a short term rejection away from the resistance before I then do expect more upside continuation.
On the daily timeframe you can see that market structure is still massively bullish overall, there is no sign of Apple stock slowing down yet, so I am simply waiting for some bearish rejection at the current levels before I then do expect a short term correction towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
$AAPL , Analysing Trends, Patterns, and IndicatorsNASDAQ:AAPL
Greetings, fellow traders! I am thrilled to present my analysis and insights on TradingView, where I will be sharing trend analysis, chart patterns, and technical indicators to help you navigate the exciting world of the stock market. It's important to note that I maintain a neutral stance and base my decisions solely on identifying promising opportunities.
As an observer of market trends, my goal is to provide you with comprehensive and visually appealing charts that showcase the potential opportunities I see. Please remember that I am not a financial advisor, and any investment decisions you make should be thoroughly researched and evaluated based on your own risk tolerance and financial goals.
In each analysis, I will walk you through the patterns and indicators I have identified, highlighting key support and resistance levels, trendlines, and other critical technical aspects. My approach is to objectively present the information and allow you to interpret it as you see fit. Whether you choose to go long or short in the stock market is entirely up to you.
My main focus is to share the knowledge and insights I have gained from studying charts and technical analysis. By doing so, I hope to contribute to your trading journey and help you become a more informed and confident trader. It is important to continuously learn and adapt to the ever-changing dynamics of the market.
I invite you to join me on this exciting journey as we explore the fascinating world of trading together. Feel free to provide feedback, ask questions, and share your own perspectives in the comments section. Your engagement and participation are greatly appreciated.
Remember, trading carries risks, and it is essential to conduct thorough due diligence before making any investment decisions. I am here to provide information, but the responsibility lies with each individual trader to make their own choices.
Thank you for taking the time to explore my charts. I hope you find value in the insights I share, and may they contribute to your trading success. Happy trading!
Disclaimer: I am not a financial advisor. The analysis and opinions expressed here are solely based on my observations and should not be considered as financial advice. Please consult with a licensed professional before making any investment decisions.
NVDA TSLA MSFT GOOGL AAPL AMZN | Support & Resistance Guide- Support & Resistance guide for all 6 big tech stocks NVDA TSLA MSFT GOOGL AAPL AMZN
- psychological 1 trillion dollar level for NVDA 405
- TSLA wedge pattern still in play
- zero red flags on the chart for MSFT and AMZN need hourly downtrends to confirm for any signs of bears
Is Paypal a Memestock?Mounting debt may be an issue, but there's no way NASDAQ:PYPL should look like this from a chart perspective.
While NASDAQ:NVDA became the 6th largest company in the world today, Paypal used to be a $400+ billion dollar enterprise, but it looks like junk now.
What gives? The company still throws off more than $30b in revenue a year, pricing it at only 2.5x sales???
A lot of worry has been put into NASDAQ:AAPL launching their new payments platform, but no actual product has hit the market yet. Until then, PayPal is still for sure the global leader and an undervalued player relative to its peers.
Maybe NASDAQ:EBAY will buy them back?
$AAPL: Trend continuationNASDAQ:AAPL defied expectations with its latest quarterly report, beating earnings and revenue estimates and providing a bullish outlook as well as announcing a stock buyback program and raising the quarterly dividend for the 11th consecutive year in a row.
Time@Mode, which I use to spot actionable opportunities, confirms this breakout as the start of a new trend and indicates a potential for further gains by May 24th before consolidating again after that date. By looking in a detailed manner at the price action surrounding consolidations, I can identify patterns and signals that suggest when to enter or exit a position, or set a stop-loss or take-profit level. This method is based on rigorous research and testing by my mentor @timwest, and has delivered consistent results for me and my subscribers ever since 2015. Recently I've made progress automating it and using it to detect opportunities in various markets effectively.
Keep an eye out for the key earnings support level outlined here, were the stock to retrace and hit it, it would be a low risk buy entry level oversold declines after this trend pans out after the end of the month. Buying strength here is fine as well, would be my first option to join the trend, but it is important to be aware of where a stock reported earnings each quarter.
Best of luck!
Cheers,
Ivan Labrie.
AAPL short position before new ATHThe price is approaching previous all time high where we should see some resistance and profit taking.
It's an area where we can speculate on a short position with a stop loss.
The price has already broke above the upsloping resistance line, so we expect the price to go into discovery mode, however before it's happens we expect that the previous resistance will be back tested and confirmed as a support,which would be our target for a short position.
Once the support is confirmed you can flip bullish.
Apple -> Leading The RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is approaching a quite obvious previous weekly resistance zone at the $180 level which is now turned resistance again.
You can also see that over market structure is still massively bullish, I am also definitely expecting new all-time-highs on Apple so I am now just waiting for a short term rejection and then I do expect more continuation towards the upside.
On the daily timeframe you can see that Apple stock is still creating bullish market structure with the recent break and retest of the $175 level, so there is still no sign of Apple slowing down, so I will just wait for a short term correction before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AMZN TSLA NVDA MSFT GOOGL AAPL Technical Analysis Guide- Most tech stocks are still in a healthy daily uptrend but most are testing its support area.
- the size of the pull back will be key for me to determine if we have more fuel for these stocks on the upside
- larger pullback size will allow bears to make moves on the next bounce
$AAPL still strong, but with some exhaustion risk (?)Apple one of the leading names so far on the year, still going strong.
Especially after it took out high of last August (see 2W chart), now could face some exhaustion risk.
On track to take out previous year high, let's see how it plays out.
No chasing for me, not according to plan.
PAA finally made its move into profit runPAA finally broke out into its profit phase....but what does that mean from here. Honestly, I think we have another Buyers climax coming before we need to worry about a major pull back or consolidation at this level.
All the seizure induced lines you see that arent channel lines are ESVO lines. This is where price and volume meet in the middle.
So wtf does that mean w8?
*clears throat*
You're right, no need to be rude. (voices... trying to keep them at bay)
So what that means is where you see the lines consolidating at is where Price and Volume were sympatico or saw eye to eye. In other words its where Bears and bulls were kind of hanging out and having coffee and a smoke, or beer and some medicinal weed depending on what kind of bear or bull you are. I don't judge.
Anyways price and volume kind of moves harmonically, like the first week of a Honeymoon, before you set the real you out on display for life.
*clears throat*
Yes, Yes I hear you. I digress.
So price moves fluidly as volume increases price moves with it equally... Bears sell price drops almost equally in size....Bulls by price moves equally to the amount of volume coming in. This can be areas where Huge swings in the market can happen.... Breaking out of channels, mark up phases or mark down phases where 3 cycles of price movement in any one direction tend to start from these areas.
So when the ESVO.....
*clears throat* ....Seizure induced lines.... are spread out they are basically saying that there are different time frames of traders each with their own areas of harmonious areas of price to volume balances that will create a disruption to price movement as the two time frames find a common ground. Depending on how strong this group of traders is to the next and how deep in magnitude it is compared to the other will determine if:
A. they are meet with open hands and smiling faces ready to skip through fields of flowers hand in hand into the sun while.....
*clears throat*
You never let me have any fun.... or
B. Slam right into it at 70MPH across heavy 6pm traffic without any respect to the stop light that has been on for a good 10 seconds.....
I am sure you can guess what happens on B. Price halts, spins, slides in the opposite direction, possibly gets hit by another vehicle coming from a different direction, maybe 2, 3,4,5 other vehicles all from different directions.....I'm sure you are invisioning one of those multi level clover shaped turn abouts that meet a main cross road......but you get the idea... it can be the death of a move or it could send this thing into outerspace....
Normally though its more B then A.
So all of that just to say it can stop moving up.... Calm down! I am getting there.
Lets digress a few steps back here..... Back to when the Equilibrium Singularity Volume Oscillators lines are together.... now you know why I call it ESVO. Believe it or not ChatGPT helped me code this and name it after a few back and forth debates on ....
*clears throat*
Jesus! ok When the lines are together and price makes a move from underneath them to up above. It needs to find support on these lines. If the lines are all together its like a spring board and just bounces. So a temp pull back to this area before moving on.
If the lines are spread apart its like a spiders web it will still bounce out if its strong enough but there will be some energy spent on finding support. It might fall through several layers of the lines before finding the one that can support it. Think of a Jet on a Aircraft Carrier with its net out as a jet lands and hits the end of the landing zone. Sketchy!!!
But if Price action has already popped the ribbon (this is what I call it in this move because it turns inside out as price goes up and down ) and failed to stay on top once, the second time is the one that will make it 90% of the time....I haven't truly measured this but I have been using this for 3 months now and I have found this to be pretty accurate. I will devote some time to verify the actual number. If you follow me and have looked at my last 10 trades you would probably agree with me.
Now the last thing out side of failing is price can lose enough momentum when coming down to find support that the profit run turns into what looks like consolidation at this level because of the lines being spread apart and it not having enough momentum to break out of them again... which tends to mute the move and eventually causing it to drop to find another level of support with stronger hands to carry it up.
There are endless things I use the ESVO for but for this trade I will stop at that.
Where does this meet how I trade outside of this indicator?
I am a very technical outside the box trader that has spent 2 years teaching myself how to trade without any influences from the outside world. I made my own rule set for what I saw in the market. Which is what I call "the Curve" I have acquired savant syndrome which was originally diagnosed as have gaining the talent of Art after a traumatic brain injury. 1 in 227k trauma cases on the left upper back side of the head has a chance of this happening. I couldn't paint or draw a face to save my life. After the wreck I was instantly able to paint near realism. Odd but true. What I have found is that I see and learn things in a odd way visually able to gain knowledge or insight into things I have no idea about instantly. When I looked at the market 15 years ago, I couldn't trade a demo account to be positive if my life depended on it. When I looked at it for the first time after my wreck I saw what I call the curve. Which I instantly said that is the pattern of institutional trading. I didnn't even know what that meant when I said it. I actually had to look it up. That's what dragged me into the market.
I call it divine intervention. -emotional side
Or
Is it a different parallel version of myself that already trades and this part of my brain no one has access to unlocks the bridge to the knowledge another version of me already has? -Logical side of me
Either way I see things differently now.
again I digress... After teaching myself for 12-14 hrs a day for two years (because I became a shut in after my wreck as I didn't have insurance to help at the time -inbetween jobs just moved to new bigger city)- and had no one to say hey you should go see this or go talk to this person. or hey w8 you have a few screws loose.... So I painted all hours of the day and night and traded or charted the market the rest.
They call this a growth phase. Where you take in and focus on yourself and grow at an accelerated state. anyways....After coming up with my own rule set I wanted to see who trades like me so I can grow and adapt to what is probably a lot more technical than my visual style of trading. I found wyckoff method of trading. The Curve fit prefectly in this. Now I had a technical way to explain how I traded visually. I thought I was invincible until I blew $4k on a futures acct. BTW if you have never blown an account either you are like the chosen one who shall dominate the market and take over the world......or you just haven't gotten there yet in your path. But I feel this is needed to 1. create a sense of gravity and bring your ego back in check. 2. to identify your Greed and the need to gain control of it.
I didn't know that I had this monster....because I was a narcistic prick before my wreck and well yeah Greed was a driving force in my success before my wreck.
So i needed to numb my emotions, which I am driven by emotions or was.... Before I would make decisions off my passion and emotions. True sith for real! However, like everything else the Universe will find balance. Now when i make a trade I try to remain very logical about everything and look for reasons why it wont work on several timelines so I can at least anticipate what will and can happen.
I know I went on a tangent there but I feel its important that if you like the way I trade or find any of it intriguing that you understand where I come from , how I got here, what is going on in my head, why I say what I say or see what I see.
I love to chart, so please ask me to chart something. A chart is a chart, so it doesn't matter what you trade I can chart it.
Back to how the ESVO works with how I trade on just this kind of move where price moves above the ribbon.
This is where the Mark up phase starts when the lines are tight together and price moves above it. Its also the part of the Master Pattern (another wyckoff spin off which is heavily used in forex...ewww) in the master pattern this is where price has oscillated and expanded away from the control box(called expansion arms) and then solidified on a trend (called trend phase) so basically two control boxes are made high and low and price bounces and respects both boxes until it breaks out. This is the mark up phase or mark down phase in wyckoff. This can happen on every time frame. So that's why I start large on something at least a weekly if not longer. But then go backwards down to a 15 min to find confluence on same move happening before I make my trade.
On this trade it was confluent all the way back no confusion. The lower time frames are probably over bought at this point on the RSI and Stochs. Which is normal and you will see them pull back to find support so that the Larger time frames don't have too. Larger time frames can have large moving candles that just keep going up before they break into consolidation....meanwhile all the timeframes below it are accumulating and re accumulating, distributing and redistributing.
Which is another way I trade. I have always been fascinated with the fractal part of the market. I have been fortunate to witness several massive moves in futures that spanned 3-5 days where every time frame was on the exact same move and then almost pauses...until the last timeframe also the smallest catches up and passes the other timeframes and starts leading the move. Being followed by each time frame going from smallest to largest in order. Each time a time frame would cross this threshold a surge of pressure in the direction of the move would hit and price would jump forward. In my situations they were shorts and price would jump down .05 , .10 , .25, .50, 1.00 , 1.35, 2.25 so on and so forth... it was amazing and scary at the same time.
The reason I line up the higher to the lower is because the higher can be saying Bullish but the lower could be saying hey I have too much supply and need to absorb this before I can go up. Or I need to find support before I am confident I can go up. So instead of saying hey jump in on this and making you wait a week.... which has happened recently...I added this in to help alleviate that.
*clears throat*
I hear you! Yes I know that was long, shut your face! I am the one in control here...... i hope
if you find any of this amusing and/or intriguing pls follow and like... Most of all boost ( pssst...... hey its free, trust me.) *Clears throat* Sorry ignore him. Boost helps others find me and pushes this back out there each time... I can make videos of trades but I won't do that unless its requested or I can get enough boosts to my ideas that deems someone is actually watching.
Thanks for taking the time, sorry so long.
by iCantw84it
05.19.23
ENPH about to go into Mark up phase on 20 minENPH about to move in to mark up phase as it crosses my ESVO Ribbon and finds support this will launch it up... its starting to move now. I would watch the volume and see if it doubles over the avg of the last 5 to 10 candles that would be a clear sign of absorption and fomo taking place.
by iCantw84it
05.04.23