Trends and price targets marked.
Things are overextended
Potential to bounce back and catch more upside even with the overextension.
Guideline is more for backtracking, but it could potentially look something like this.
Follow trends and price targets rather than guideline, it is more to get an idea of what things could look like.
247 or so looks like a top to me...
First you have the FDIC come out and say no matter what we can whether a large US Bank failure - out of nowhere! Japan is stuck in a corner, can't sell bonds to defend its currency, and can't raise rates enough. Like every Central Bank they're stuck. So now a large US bank will be "allowed" to fail that will give Powell the excuse to cut rates - leading to a large...
Head and Shoulders has formed ont he dail since Early 2022...
The price broke below the neckline and has since then, been showing lower highs within the down channel,
We also have confirmed downside with the Moving Averages.
Price< 20 and <200
It looks bleak but the system is the system, so the first target is set to R76.08
Starting our analysis for the Deutsche Bank chart at the Corona low of $4.45, we have since seen an uptrend developing with a Wave (1) and already a Wave (2), placing us in the overarching Wave (3). Within this Wave (3), we're looking for potential entry points. We've also developed Waves 1 and 2 and are currently, as seen on the 4-hour chart. We want to enter at...
Visa (V): NYSE:V
Visa, a key player in the financial sector, is currently in the overarching cycle of Wave (5). It appears we've concluded Wave (4) at $174.60 and are on the path to finalizing Wave (5). However, this process will take some time, as we are now in a subordinate Wave 3, which is on the verge of completing a circled subordinate Wave...
UBS GROUP (UBSG): SIX:UBSG
The banking sector has experienced significant turbulence over the past years, which has not spared UBS Group from Switzerland. Please note, this analysis is presented in Swiss Francs, not dollars, as we're examining it from the Swiss stock exchange perspective. Unusually, we're delving into the monthly chart here, where it's...
stock is strong downtrend
its one of theweakmost names in banking space
with banking index trading near all time high
this stock is at 52 week lows and not just that but at 3 year lows
such stocks are ideal sell candidates fr trading and expect a heavy downmove here with a stop above 232 mark
A repeating pattern and potential opportunity
All three companies have some form of crypto offering.
NUbank, Coinbase and Sofi appear to have similar bottoming patterns with double bottoms and a head and shoulders style reversal. The charts are not identical but you can clearly see a repeating testing of levels and a price cluster (red shaded area) which...
Please review my prior post for a more detailed breakdown
Released quarterly, the Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) is a survey of up to 80 large domestic banks and 24 branches of international banks to gain insight into credit, lending and bank practices. The Federal Reserve issues and collates the voluntary surveys.
The...
MACRO MONDAY 32 – The SLOOS
Released Monday 5th Feb 2024 (for Q4 2023)
Released quarterly, the Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) is a survey of up to 80 large domestic banks and 24 branches of international banks to gain insight into credit, lending standards and bank practices. The Federal Reserve issues and collates these...
CUP PATTERN
Entry Price - 100
SL - 80
Targets - 120,140,170
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to...
JP Morgan Chase (JPM) has been trading within a Channel Up pattern since the October 12 2022 market bottom. Currently it is on a relentless rally since the October 27 2023 Higher Low, which is technically the Bullish Leg towards the Channel's top and new Higher High.
The peak points of the previous two main Bullish Legs of the Channel Up, took place when the 1D...
NUBANK - NYSE:NU
A beautiful case of Technical Analysis providing all the structures for a winning trade. First shared this idea earlier in the year. It was just an idea....now we are almost 100% up.
Surpassed 90% return on this trade since taking up positions in June 2022 and again in Jan 2023.
I sold a portion in Aug 2023 with a breach of the 21 day SMA...
DXY H8
DXY is currently maintaining its position at the key resistance level of 104, demonstrating resilience at this significant whole number price point. Despite hitting this zone yesterday, we observe a relatively subdued level of market activity.
It appears that the markets are in a wait-and-see mode, anticipating a potential surge in trading volume driven...
In the realm of EURUSD, a flurry of Euro-related CPI inflation data is poised to make its entrance in just a matter of minutes. Our focus is keenly set on witnessing a more pronounced rejection of the psychological price point at 1.10, paving the way for a potential support discovery around the 1.08500 mark or even the significant 1.0800 whole number.
As our...
Deutsche Bank's stock price has experienced a decline over the past 5 days. This trading idea proposes buying Deutsche Bank (DB) stock.
Core Logic
The trading idea is based on identifying companies with strong short-term profitability. The strategy focuses on three key factors:
Gross Profit Margin: A high gross profit margin indicates that the company is...
AUDUSD has successfully executed an upward breakout, skillfully navigating a retest after surmounting the significant 0.65 threshold—a resistant range that has steadfastly held its ground for a considerable duration. Anticipating a pullback, seizing a buying opportunity within that zone seems prudent.
A substantial upside potential beckons from 0.65, stretching...
