Confirmation: 99.65 (weekly candle) Invalidation: Local high Type of Trade: Countercyclical (EMA50 above EMA200) Target: 56.46 TF: Weekly Leverage: 2x Pattern: 1) monthly rising wedge reversal with 2) break of weekly support, and 3) break of major support line. Monthly view:
Banks love to leave these sweet trails. Aud news @ 9:30 Est!!! trade with caution!!
Confirmation: 103.60 Invalidation: Local high Type of Trade: Countercyclical (EMA50 above EMA200) Target: 92.19 TF:4HR Leverage: 2x Pattern: 1) daily double top with 2) trendline break, 3) untested 8/1 Gann, and 4) frothy fundamentals (insufficient loan loss provisions).
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Banks are back at it again with yet ANOTHER manipulation scheme. We aren't missing this one though. we made it through the sweep/spring phase, and now we just wait for the retest and confirmation. Risk carefully, boys! Are you interested in being apart of a team of full time traders. Giving signals, and bouncing ideas off one another with a positive...
RY has filled a gap created back at the beginning of 2018 and we also see a potential large double top formation on the daily and weekly timeframes that is being formed by rejection. This is an opportunity to position short for a new downtrend on the lower timeframes, looking for support on the 8/1 Gann and as low as the 4/1 Gann. On the larger timeframe, don't...
Here is my fresh analysis and outlook on GJ on a W1/MN perspective
USDCAD playing put nicely from our previous post. 1.3500 region and possibly higher should get met to end the week or in the next couple of weeks.
After 12 weeks of consolidation BAC broke out last week. Suggested increase of 13.4% or around a $4.00 move. Two things to keep in mind are: 1. The resistance that will be met at 33.05, the highest price since 2009 2. One week didn't touch the mode, usually I don't chart a consolidation unless every candle in the consolidation touches. This was otherwise a...
Theory is that each box jump/drop requires the same amount of time, and thus GS looks poised to spend some time bouncing between 205 and 220. Idea negated if 205 zone is lost. Target: 220
Expecting price to drop lower supporting my break retest and enter strategy. looking for a pullback closer to the 100% on the fib before looking to get into a buy. if we see a buy i will be looking at key levels of 1283 to be hit. gold has been on a bullish run of late and without any major good news revolving around economies we can only assumed that gold is...
The KBE ETF, which tracks an equal-weighted index of U.S. banking stocks, has been rising on a very steady 1M Channel Up since the 2008 financial crisis and has recently rebounded on the latest Higher Low (RSI = 50.776, MACD = 0.640, Highs/Lows = 0.0000). This presents a good buy opportunity on banking stocks, which are expected to outperform the market in the...
Looking for price to drop down towards a key level of 32300 before we see a strong push towards 35200. Lets see what happens for the week ahead, this is more of a swing trade. lets sit tight and make sure we secure the bag on this one because everyday is Monday day! Follow our social platforms Instagram : Vellly Instagram: Learnitempire Follow and subscribe...
Looks like it may be an exciting Monday just like Friday. Goldman and Morgan Stanley are in play this week. GS MS GS
4H CHART EXPLANATION - As in our Weekly / Daily Vision, price bounced from the Confluence Level and broke the Ascending Channel. - It has potential to move down towards the 17,94 Support Zone. - However, theres a Bullish Divergence wich could be anticipating a Pullback to the Broken Ascending Channel. We will be waiting for a resolution before looking for sell...
Steve Eisman (depicted as Marc Baum in The Big Short movie) has publicly revealed the institutions he is shorting in anticipation of the next wave of credit normalization. They include RBC, CIBC, Home Capital Group, and Laurentian Bank. Steve has not revealed his targets or how far exactly the trade will go, so the estimates on the chart are my own. As you know,...
Story : National Bank of Greece announced a Q2 net loss a couple of days ago which sunk it's share price to an almost all time low - with not much downside left (technically), continued reduction of the bad loans in it's books and a perceived improvement in alignment of Greek policies to the EU expectations a bullish case is not hard to build. Furthermore,...