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Pullback

Complex pullback in C3.AI stock!On Monday, the bulls returned to the C3.ai stock following the signing of a new contract with a significant branch of the American military.  This development sent the share price of the AI specialist rocketing more than 8% higher so far this week, outperforming the week’s 1% increase in the S&P 500 index. You can now spot a spring pattern after what Lance Beggs would describe as a complex double-swing pullback . A daily close above $32 should be the beginning of a new rally to $48.
NYSE:AILong
by almmaye
NASDAQ/QQQ Took Support at Predicted Support AreaNASDAQ 100 ( CME_MINI:NQ1! ) took Support at the area suggested in my previous Idea Post (see attached). For further confirmation we will wait to see if it holds above the 50 day EMA on Daily Time Frame. It is currently above the 50 day EMA in the Pre-market session on Tuesday. If the Confirmation is achieved today, then we will look for another rally up to the Resistance Area from where the pullback started. Possible catalyst for this rally could be NASDAQ:NVDA 's earning Tomorrow AH, or J. Powell's speech at the Jackson Hole Conference on the 25th. It is important to note that the market is still top heavy and favorable Macro environment is necessary for an uptrend.
CME_MINI:NQ1!Long
by Trading-Economist
1
Crypto Comeback 🌟🌟🌟Ever noticed how after a market correction, there's often a rebound that seems to defy gravity? Well, hold onto your digital hats, because we're diving into a cool phenomenon – the "twice as nice" rule of post-correction surges. 🔍 The Dip and the Rise: So, picture this – the market takes a little dip, a breather, if you will. Then, out of the blue, it bounces back, but not just any bounce – one that's at least twice as big as the initial dip. That's the rule we're talking about! 🚀 Power of Momentum: This phenomenon is like a spring being compressed before it's released – the further it was pushed down, the higher it soars up. It's the market's way of saying, "I'm back, and I'm stronger than ever!" 💡The Bigger Picture: Think of it as a growth spurt. The post-correction surge isn't just about recovering losses; it's about surpassing previous highs and reaching new peaks. It's a sign of a resilient market. 📈Traders' Playbook: Traders love playing this game. They strategically buy during the dip and ride the wave of the rebound. It's like catching a double-decker bus to profit town! So, what's the takeaway from this dynamic duo rule? 📊 When the market dips, don't lose heart – it might just be gearing up for an even more impressive comeback. Remember, each dip can potentially set the stage for an exhilarating ascent. Stay curious, keep an eye on those charts, and get ready for the market's next thrilling act! 🚀🎢 ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Long
by Yaroslav_Krasko
Bitcoin's Dance- AI's PredictionFor Bitcoin's 1hr chart, the close price surpasses the 20-period EMA, suggesting a short-term uptrend. However, it lingers below the 50-period SMA, signaling medium-term bearishness. Interestingly, the long-term outlook seems bullish with the close price above the 200-period SMA. The daily chart contrasts this: Bitcoin's close price is under all EMAs and SMAs, indicating overall bearishness. Still, both charts have an ADX above 20, hinting at a strong trend, and the CCI remains bullish. This blend of indicators presents a complex scenario. Trade Recommendation: Considering the indicators, a trend-following LONG trade on a 1hr timeframe seems apt: Entry: Wait for a slight pullback and enter around 29351.96. Take Profit (TP): Aim for the 1hr resistance at 29459.77. Exit (Stop-Loss): Set just below the 1hr medium-term support at 29045.81. Given the proximity of the resistance, a fixed take profit is recommended rather than a dynamic trailing stop. Confidence Score and Explanation: Confidence: 3/5 The trade suggestion is moderate in confidence due to the mixed signals. The 1hr chart leans towards a bullish momentum, while the daily suggests bearishness. The approach is trend-following, banking on the short-term bullish signs in the 1hr chart. Still, traders should remain alert and adhere to the set stop-loss.
BITSTAMP:BTCUSDLong
by ForexPilot