+ Daily MACD cross + Falling wedge + 0.618 Bounce + Coronavirus infections still going up (they make test kits) + 100 MA Support + RSI low
Hey guys, a quick update on global markets and economics! Have a good one, your german trader
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So I stumbled upon a very big similarity between current market crash & the previous corona crash! So far we seem to follow the (near) exact path of last corona crash. My theory is that we might repeat the cycle a few times before we get at the real low (and it was likely setup this way to slow down the crash & reduce it's impact). You can look at it like a sort...
Hello, Investor! We are now testing the 3000 point support area for SP500, this level was resistance before so now is acting as a support for this moment and the bulls are trying to hold the price above of it. But if the price goes below that level the objective will be 2800 points area in the downtrend direction. At the moment the charts will reflect the virus...
short selling for the Gold we wait for price action to confermation !!
Too many people are saying dollar will go down They are fools The market never follows the masses
I believe with the unemployment rate spiking again and a second wave coming we are going to test critical lows of 1.17 before making a push to the 1.109 range. Entry: 1.2265 TP: 1.119 TP:1.117 SL: 1.2365 Success 15-57 pip
Hello all, I do not typically do any analytical content out side of cryptocurrency, but with the state of the markets and everything happening I thought I would take a look. This analysis is just a simple thought process so do not trade based off this. S&P 500 in Elliot Wave Correction. This seems to be a possibility. After the unfortunate spike in the...
Hello Traders! So Guys we broke out on the DXY. I am expecting the DXY to retest the Supply Zone and then to drop. On the long run I see it dropping much more. If we look at the monthly we can see that the price will move more down. We got there a Price Action Confirmation for that. Target: Target is the Demand Zone marked on the charts. WHY is DXY dropping? Me...
Hello Traders! It seems like we broke out on the DXY. The price was ranging between these two daily Levels and it looks like we broke out. For the final Confirmation wait for the daily close. If the candle will close like this then we broke out and we can expect that the DXY will drop. Target: Target is the Demand Zone marked on the charts. WHY is DXY...
This Idea is all about the two red resistances which will be tested in the next view weeks. If the Market tests those levels a continues the trend my idea is that we will move to a point anywhere between those two red lines till the next Trend can be identified. Regarding the current Situation it can be possible that after the first resistance gets tested, we will...
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Monthly Eventful news week for the SPX: Initial Jobless Claims; Expected:3000K Actual:3169K Unemployment Rate; Expected:16% Actual:14.7% Nonfarm Payrolls; Expected:-22,000 Actual:-20,500 The US has had an eventful first quarter, mostly having to do with the COVID-19 pandemic. This week the US was prepared to receive bad news in regard to jobless claims,...