The GBPUSD looks set to attempt forming a new bearish correction at least to the descending trend line (TP Area 1). Notice that the latter had previously served as a major resistance but is currently taking the role of a descending support. In other words, it could initiate another bullish rebound once the price falls to it. At the same time, the recent bullish...
The GBPJPY is currently forming a Pennant pattern, which presupposes diminishing volatility. Such conditions are typically observed whenever the market is ranging, potentially before the price gets ready to develop a new upswing/downswing. The current upswing could reach the Test Area in green before a major bearish reversal takes place. Bears can look for an...
Looking for signs of a reversal here soon for the DXY. Structure looks clean, just need price action to confirmation to begin to scale. Good Luck
SAS(Scandinavian Airlines) has been butchered through 2020 as well as many other of its peers. Maybe now is the time to consider a contrarian bet on this stock? After experiencing extreme volatility to the upside and extreme volatility to the downside, SAS looks like it´s finally consolidating. it has a nice support area ranging from 1.57 to resistance at 1.93. It...
You can watch this in conjunction with my Lowe's trade posted below. Essentially they're a play on the same industry and overall market crash in dec; (they're price is strongly correlated to the general market). Choose whichever one works better for your risk management. Like always, thanks for the constructive feedback
Not legal and financial advice; any information provided here is only the personal opinion of the author.
Key concepts I talked about in this video are outlined below. I wish I could cover more concepts and go into more detail but had a 20min time limit for the video. Maybe I could make a part 2. - false breakouts - global indices showing topping patterns and breaking down - FED balance sheet peaked in june 2020 - parabolic mania in tech stocks - PUT/ CALL ratio...
I think the all time highs for these 2 stocks are behind us and they should only head lower from here. Ive observed a repeating pattern for both these stocks which tell me a trend change is forthcoming
In this video I've shown 3 independent forms of technical analysis that make a strong case that the top is already in for these 3 stocks ! In general, I'm bearish the overall market so wouldn't be surprised to see these correct significantly. Let me know what you guys think ! Always open to comments and critiques.
Chainlink crypto (LINKUSD) 3 hour timeframe volatility as measured by williams VIX Fix Indicator has decreased which would normally indicate higher prices. however price has remained below green horizontal line. Expecting price to rally in short term at least to above green line.
For those prepared to go against the momentum, a retest of the medium-term uptrend levels seems probable; with reasonable risk:reward even at 1st target levels. Anticipate buying and sharp bounces. Risk-off sensitive. Manage exposure accordingly.
Hello Traders, I am back from holidays and a lot of action happened during the past month. The SP 500 Future did hold the 3000 and broke above the 3150 to make a fresh high at 3290. Dollar weakened due to the colossal amount of money printed by the FED and as a consequences pushed the GOLD to an All time high (Around 1950$). So inflation is most likely to eat...
All i can see is positive graphs about STNG medium-long term. There is not even one who says that this could crash to below $10. Be careful if this formation takes place...
TFI International is North American transportation and logistics leader, partnering with a diverse group of customers in the US, Canada and Mexico. The stock, TFII now trades in New York (as well as Toronto). Fuel is a large component of cost structure. I'm accumulating on down days in the market.
NYSE:GE is not the stock you probably want to own given all the heat experienced by the company recently. But from contrarian perspective, nice levels right now to attempt speculative buy. Price retraced by 61.8% of previous bounce and is holding the line of previous resistance. Today may be the third daily candle when 7.8 is held, indicating that good support...
The promise of better weather this growing season (Farmer's Almanac) than terrible 2019, Locusts in Africa destroying crops and possible higher demand in China for agricultural products should improve sales for nutrients. Canada has the 2nd largest reserves of Potash in the world, and is the leader in terms of global production. One advantage for the price of...
Everyone's talking about a weaker dollar, but I don't think we're there yet. Only a break of 95.80 would confirm. Have taken a fairly tight stop, although the full stop to, say, 95.50 would still be an acceptable trade. In fundamentals, there is no particular reason that EUR should go up, which is 57.6% of DXY. Contrarian trade BUY 96.80 (Market) SL 96.20 TP...
The channel is not perfect but hey this is gold. Gold is never perfect and always misleading. Counting waves and seeing wxy subdivisions helps to identify those upward corrections while everyone is short.