There is always something about some price and Thats why the prices tend to narrate their story- a story where each price differentiates from the previous one.
The same was about the strong reaction on 10th Feb in last few minutes. Banknifty recovered 500 points to close above the support point which has been tested multiple time. Based on the fact we deduce three...
Signature bank is in the crypto banking business
there earnings will push up the price
The All time high was $162.86
We are 5% from that high water mark.
Once we pass this mark
it will run up like crazy
the 50 day moving average is way below the 100 and 200 day while the RSI is knocking on the ceiling
I am not buying any more - not financial advice.
Silvergate could become Capital One
From out of no where and then right to the top for its early investment in Crypto.
but i do see a 20% correction pattern - but maybe this time its different
not financial advice
for example i thought it would fall yesterday and it did not - i was wrong.
maybe next week? who knows ? not me!
hello everyone! We can see that banks are in drawdown since they sold before buying.
This means they need to mitigate their positions moving the price at least
to 50% of the last bearish candle before the reversal. I will only enter the trade long if this happens
there is not so big deal with bank section on stocks. market is now over extended high. so market gives some retrace for grab some liquidity. atleast area is 582 and max is 527. then price go higher max area 725. stay with me for further update
SWEPT LIQUIDITY FROM HIGHS, POTENTIAL SHORT FILLING IMBALANCES AND MITIGATING ORDER BLOCKS... RALLIED FRO YESTERDAYS LONG ON EURUSD DESCENDING CHANNEL, FOLLOWING DAILY DESCENDING CHANNEL WITH WYCKOFF DISTRIBUTION AT THE TOP OF THE CHANNEL, FOLLOWED DOWN BY TREND FOLLOWING MARKDOWN TECHNIQUE
2020 was a hard time for everyone because of Corona , but one of the biggest shock of stock market was Wirecard scandal.
I believe even after all this chaos around Wirecard, it would rise again in future. Of course the time could not be predicted.
Wirecard was a BlueChip stock, they have billions of Euro worth business running still now.
The share fell down...
This is an updated version of the multi-year topping pattern of the S&P 500 I've posted a few times now. The previous post is linked below in Related Ideas.
The situation today adds to the previous update... we've continued the massive rally, extending this historic bull market even farther and poking over the megaphone top. We've recently had some downside...
This chart has recently shown 3 equal patterns, the price goes straight up and then retraces down in order to take retail sellers/buyers liquidity
We can identify 2 majors are where the price could reach during next week
Price action has been following the structure path from Dec 2018 - March 2020 up to this point. As an ending diagonal forms on a macro level right at the point where the March 2020 crash took place, price action is pointing to a historical repeat.
Be cautious heading into next week. I anticipate heavy market volatility following the US Bank Holiday.