Gold With Support Around Daily Bracket Low – Possible Inside Week Failure

Gold is quite rotational and found support around the current bracket low on the daily periodicity. 

 Macro perspective such as the Quarterly view testing the macro bracket high while the monthly is framing higher. Previous week was an inside week and the market found absorption around the prior low which could evovle into a bullish inside week failure.

Reposted of The Private Banker

NIO Breaks Out of Balance And Framing Higher + Balance Sheet Chart

The chinese EV (electronic vehicle) manufacturer NIO broke out of its balanced behavior on the daily periodicity which occured for several days above the major HTF EMAs and explores new highs anlongside TSLA. 

Macro perspective framing higher as well. Weekly with previous outside bar followed by change in the market context towards a balanced behavior with several inside weeks broke out above that rotational price range. Quarterly and monthly perspective one-time-framing higher to discover new higher prices. 

Quite optimistic viewpoints out there. Pullback towards the prior bracket high or mean to find new buying activity probable. Could be confluent of a test with the EMA50 as well. We’ll see. 

 Here the current Quarterly balance sheet of NIO:

Reposted from The Private Banker

Qualcomm inc. Testing Upper Balance Area On Daily + Balance Sheet Chart

Qualcomm inc. (QCOM) is balanced and testing the upper extreme on the daily perspective. The market trades above the major HTF EMAs. Looking for bullish activity at the lower balance extreme and swing low for now 

 Macro perspective is trending higher on the Quarterly and Monthly periodicity. However, the previous week closed as an inside week. The market testing the higher area for sellers. Could establish an inside week break higher to have a bullish sign. Second scenario would be absorption around the current highs to close with an inside week failure. In this case we would wait for a retest of the mentioned daily lower balance extreme for bullish activity and patterns. 

 Here we go with the current visual Quarterly balance sheet chart for QCOM. More analysis and financials about other stocks on our forum for members.

Reposted from The Private Banker