disciplinetradingteam

disciplinetradingteam

Tesla ( NASDAQ:TSLA ) is currently trading within a bullish pennant formation on the daily timeframe — and this one is textbook. It entered the pennant from lower prices, forming a clear flagpole. Since then, price has been compressing between: 📉 Two descending resistance levels → Lower highs 📈 Two ascending support levels → Higher lows This symmetrical...

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AMEX:XLK just broke into new all-time high (ATH) territory — barely — but the move is worth watching. The breakout came on the heels of a strong bullish candle in the first week of June, followed by a doji last week, and now we're seeing fresh bullish momentum early this week with a gap-up. ➜ The big question: Will XLK continue to hover just above the ATH, or...

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NVDA just broke and retested an ascending triangle on the 4H chart — a textbook bullish continuation pattern. After plunging more than 40% from its highs, NVDA is now pressing higher, setting its sights on the $140 resistance zone — which also lines up closely with the 78.6% Fibonacci retracement level drawn from the all-time high to the swing low at $86. 🟢...

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Micron Technology ( NASDAQ:MU ) delivered a textbook bounce in April — right off major monthly support around $65, which also aligns with a trendline dating back to 2015. This bounce came during a broader market pullback, and NASDAQ:MU showed strength with the overall market rebounded. Since then, price has climbed into a critical level of resistance/support...

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NASDAQ:ON just reacted to a key 78.6% Fibonacci retracement from the April 2020 low to its all-time high. After a make-or-break earnings on May 5, price has pushed into a major resistance zone at $49.75. Interestingly, analysts are averaging a price target of $47, slightly below current levels. 💡 Key Setup: 78.6% Fib retracement bounce (long-term move) ...

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Gold ( OANDA:XAUUSD ) has been respecting the Fibonacci channel with precision on the 4H timeframe — reacting to nearly every level since May 27. 📈 The trend is clear: higher highs and higher lows. Momentum remains bullish as we approach two key levels: 🟡 Critical Resistance: 3435 🏁 All-Time High: 3498 Each pullback has held structure within the Fib channel,...

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Here's what we're seeing on the weekly chart: Price recently hit the 61.8% fib retracement from the all-time high to the April 2025 low Sitting on strong support from the July 2024 high A gap at $193 is just below current levels If the gap closes and holds, we could see a continuation of the recent move higher — setting up a powerful weekly higher low....

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The USD touched down on the all-important $100 price level after a strong rally in the stock market. This level coincides with a 61.8 fib retracement level. Slight bounce, but what happens next is everything. See the trend line below for possible next support if we break below the 61.8.

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If the daily candle holds, we could be challenging the all time high shortly thereafter. And if the weekly candle holds above...

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The almost perfect 78.6 retracement and head and shoulders on the QQQ. If the August 5th level is challenged we could be headed lower towards $408.

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- CSX trading right at resistance level of $34 - 61.8 fib (March 2022 high to July 2022 low) $34~

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- Walmart beats on earnings estimates. - Technically: price gapped up to begin to close the gap that was create with the profit miss on Earnings in May (Gap started at $147) - Analysts price targets sit around $145 (median). - Price got to a high of $140 today. - From what many are calling a potential bottom for WMT, the stock is up 19%~

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Support & Resistance YTD AMD continues to respect and challenge $100 and $73/$74 prices. This dates back to July 2020.

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GSK technically at Jan 1992 Support/Resistance level. On news of the Zantac issue. This presents what could be a descending triangle pattern. Will they be able to walk away from this horrible situation (for those that have consumed the original Zantac there are no words to describe)?

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With CPI print for July reported this morning. The S&P has responded with a push higher breaching the previous resistance with a high for the day at 412. There is a 50% fib level just above this high to clear.

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After almost 2 years of sideways trading we have a break lower. See potential levels of support unless we see a massive swing today/tomorrow holding support at the 50% retracement ($20.83).

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