-Yurlo (Please give this TA a thumbs up for the visuals created here) Recent weekends CME just closed at (10620), while the breakout CME at (9600) hasn't been tapped since we broke above (10000) well over a month ago. I'm placing my bets on $9600 to be tapped before $10620. Why: #1: Bears aren't close to reaching an exhaustion phase (every time bulls try to...
Update will be provided after the picture & narrative has been painted. Labour day weekend = fuckery long weekend. (CME GAP) - $9600
Hello traders! Gold remains under pressure as metal made a five wave drop from August 18th, followed by a three wave bounce in the last few trading sessions. This A-B-C rally is a bearish continuation pattern so we think more weakness is coming. Trade well, the EW-forecast team
Here is what i think could be playing out
Cleaned up my DXY chart & zoomed out for the weekly chart. Seems like DXY is ready to make a run for that top trend line. This is bad news for oil, gold, cryptocurrencies, stocks etc..
Hi everyone, As you can see, the spanish Index has finest the structure AB-CD. If we close below the level 7.070 we can forget about the third impulse. If the price lose the level 7.070 and lose the bullish chanel around the actual price. 7.170. We can expect a new lower low around 6.400. The alternative scenario if the price hold the actual level and doesn't...
The market is bouncing around key support & resistance levels but some of them are soon due to be broken. The squeeze momentum indicator is signaling a first bear run since the drop in February–March. Also, the money flow index indicates that the money is rapidly heading out of the market. When combining technical analysis with the fundamentals of the economy I...
Ripple has been testing the 0.1595$ level and i'm curious how low it will go. Some good Fundamental news is coming on June 30, Could this be the last low before the bull? In Crypto, an average of 1,8 year bear market is needed to have a 1 month bull market. People don't understand that these lows are needed to make a strong bull run.
Volatility not done. Large vix spike coming. As most markets are fairly correlated right now this could show further trouble in most if not all markets in the short term
The turn in price movement on June 11 confirmed an end for the S&P 500 retracement. Now that the overall trend has been confirmed to be bearish, I have presented three possible scenarios for major support. These Fibonacci levels (violet color) are support levels of the 2009–2020 bull rally. The levels with a green and yellow background are Fibonacci extension...
A secular bear market consists of smaller bull markets and larger bear markets; a secular bull market consists of larger bull markets and smaller bear markets. In a secular bull market the prevailing trend is "bullish" or upward-moving. en.wikipedia.org
Russell Volatility remains highly elevated. That stocks have rallied so far sets us up for some excellent short-selling opportunities.
Based on the historical data, it looks bearish market stays for a minimum of 12 months during recession. And we are just 6 months in to the bear market since Jan'20, i expect it may extend till this December or Jan'21. Also during 2008 the bear market fell around 60% from its peak, ie., 6100 to 2500. If we assume the market dip 60% this time from its peak 12200...
My thoughts on btc. I'm crazy tired. In the last couple of weeks/months working overtime all week. Got a new girlfriend, but still analyizing the markets. Wanted to make this video quite some time ago, but didn't manage to find the time. Thanks to everybody watching it. Health is more important than wealth.
Below is a chart of the BLX ticker, which displays a longer history of bitcoin price movements. This idea is based on the Elliott Wave Theory. This is not financial advice or advice for any action, but it is a probability that should be kept in mind. Always have your own trading plan. Please, don't forget to like and follow. Thank you.
UK100 is Bearish - We look to Sell at 5860 ▪️ Overnight price action has drifted lower and remains pressured by the medium term bearish bias. ▪️ Levels close to the 61.8% pullback level of 6000 found sellers. ▪️ Broken out of the channel formation to the downside. ▪️ We look for a re-test of the upward trending resistance. ▪️ Further downside is expected...
Equity markets preparing for the next wave of selling. There are a few signs that equity markets could be on the verge of a fresh move to the downside. Here are a few charts to explain. 1. Equity/Bond Ratio The ratio between equities bonds has rallied into a significant resistance zone and is showing signs of rolling over, this suggests the bullish momentum...
Yay! MACD has turned over on all charts but the daily, though it is in the process of turning over there later tonight. We've been in an ascending channel since March 23rd and we broke through it today finally. Money is flowing out of equities and into bonds which may be the gust of wind needed for this fundamentals domino set-up. 2880 was and is an important...