The price of gold bounced from the $1,860 area last Friday on a worse than expected NFP report in the United States. Despite the general weakness in the dollar, the move higher did not break the series of lower highs, and now the market meets horizontal resistance. Commodities remain well […]
The AMC stock price is on a rollercoaster recently. The market price action is not for the weak ones, with volatility reaching extreme levels. So far, the $70 area acted as strong resistance, as the price was rejected twice from it. Also, the $40 level acted as support and acts […]
Tesla share price has underperformed in 2021, as seen in the chart below. It peaked at $900 and consolidated in a major triangular pattern ever since, bouncing from the $550 area twice so far. However, the pattern is bearish as the triangle appears to act as a reversal pattern. Once […]
The price of gold had a tough day yesterday as it fell from the $1,900 level. The market tested three times in a row the same level, and, on its move lower, it broke the previous higher low. In technical terms, this is a bearish trend, and traders will likely […]
Ethereum, as well as Bitcoin and other major cryptocurrencies, move in a tight range lately. That is, a tight range for the cryptocurrency market, where the price action is more active than on the traditional markets. Nevertheless, the market is in a waiting mode. As Bitcoin found support at the […]
While the volatility in the leading stock market indices has declined considerably in the last several sessions, some stocks have outperformed. We talk about the volatility in GameStop, AMC, and, not to be ignored, Beyond Meat. Beyond Meat stock price has found strong support at the round $100 level. The […]
The EUR/USD pair and the traditional FX market have taken a step back when it comes to volatility. The volatility in the financial markets dropped to extremely low levels, as seen by the S&P500 index closing about 0.22% from the highs or lows of the previous day for seven consecutive […]
The volatility in the traditional financial markets has decreased significantly in the last trading days, but not on the so-called meme-stocks. The AMC stock price just had a tremendous rally yesterday, squeezing higher on a combination of call options buying and short-squeezing. AMC is just the stock replica of a […]
At the start of the previous month, Elon Musk, the CEO of Tesla, has triggered a massive selloff in Bitcoin and other cryptocurrencies. He stated that Tesla will now not accept Bitcoin for the purchasing of its vehicles, and so the price of Bitcoin collapsed from above $60k to $30k, […]
Bitcoin’s price action looks heavy while the series of lower highs remains unchallenged. Ever since it tested the 30k level in the middle of May, Bitcoin’s bounces fail to break the series of lower highs, leading to the impression of another bearish technical pattern in the making – a descending […]