Buy the panic in the banking sector then sit wait watch and profit. See also by KBE idea
Not the time to be long. Head & shoulders pattern with open gaps to fill below. No remaining support.
Looking at long term charts, the bank crisis has opened an opportunity to invest in bank stocks. Lowest risk is to go with the too big to fail banks. Citigroup is one of them. If you compare it to the other big bank stocks since 2008 you'll see that C has lagged behind while others recovered to pre-crisis levels. I think C can catch up in next few years. It is my...
US #Dollar took hit recently, recuperating We called this pump while most were negative Certainly broke the small recent uptrend it was in NOW WHAT?! RSI shows it's most likely going to some sideways action BUT BUT BUT LOOK WEEKLY chart shows it may be in Head & Shoulder Pattern - bearish If #yield continues to rise so will TVC:DXY BUT, how high can they go...
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. As posted in previous day setup that from price as Banknifty is in parallel channel with 44151 to 44071 as resistance zone and 43470 to 43370 as support zone and on...
First Republic bank has been slaughtered due to the banking crisis in the US. FRC is backed by JP Morgan, the strongest bank on earth. Unless the Gov't wants all regional banks to fail and roll it all up in to the big banks, FRC should survive and if it survives, it can easily double from here. Obviously the sentiment on this stock and bank stocks in general are...
Traders, I bring you another weekend market update. We'll discuss what the charts are telling us from a technical analysis perspective. Are there clues that the debt ceiling issues will be resolved? Can we obtain clues from our charts? Let's find out. Stew
The classical Bitcoin theory about halvings is that they "cause" bull-markets because the supply mined gets halved, leading to a negative supply shock and therefore increasing the value per Bitcoin. This is not a surprising theory since it makes a lot of sense and has worked in the past. But, is the halving really that important for the Bitcoin price? I've...
Whilst the long term trend remains very much in favor of the buyers, traders should be looking to buy strength as prices have a successful move through the AVWAP from the most recent high. Right now, prices seem to be building up for another leg higher but our jobs is not to speculate but rather react as the market gives us good probability signals. Clearing...
This chart shows a view of the top 8 banks in the United States and the charts go back to at least 2008 so you may see how artificial the bubble is. As the Federal Reserve continues its interest rate hikes, a cloud of uncertainty looms over the banking sector. This trading strategy anticipates potential instabilities in major banks, which could catalyze a...
In 2008 the Market rallied after the Bear Stearns collapse near March Trip Witch. Other banks stepped in to buy it up and disaster was averted! Or rather a 6 month stay of execution for the rest of them... The week of Sept 15th Lehman Bros collapsed, followed the next week by WaMu, then the next day by Wachovia. Wachovia would've probably survived if the other...
FX:GBPUSD Updated entry targeting liquidity above the third wave. Entry on the break of order block.
Zoom in and you will see that Regional Banks have closed several times now below this critical trend line. If the Fed fails to save them, deflationary recession/depression it is. I am banking on a Fed save. The Fed always protects it's own. Therefore, blow-off top incoming. Followed by hyper-inflationary recession/depression next year. Should be a show. Stew
Let's make a sincere attempt to understand and address the "banking crisis". For those who have lost money, it's a true crisis. However, for those who have not yet lost money, it represents a necessary purification of the regional banking system. Looking at the charts, it was evident well before the crisis occurred that a clear head and shoulders pattern had...
Traders, Bitcoin has reached the end of a very important triangle. It's time to make a decision. This week we should find out if: 1) Bitcoin breaks up and beats our 30,500 resistance, or 2) Bitcoin drops from our triangle and retests our C&H neckline at 25,300 We are going to dig into the charts for a few more clues and I want to show you the charts that are...
NYSE:USB is showing a big amount of Bullish Divergence on the Daily after printing a Bullish Abandoned Baby on the 1 Day Chart and a Piercing Line on the 2 Day Chart at the 0.886 PCZ of a Bullish Deep Gartley. If we hold above the lows it could eventually come back up to see 45-55 Dollars.
SOFI is currently trading and forming a Bullish Head and Shoulders at a shared confluence zone between the log scale 1.618 and the linear scale 1.272 Fibonacci Extensions which in both cases would be the PCZ of a Bullish Butterfly; While it is possible that it could go deeper into the linear 1.414 Extension I do believe that the action we're seeing from the price...
and tag the upper trend channel Higher high's Higher lows's The trend is your friend #Bankingcrisis #GetOutOfFIAT #DXY #USD