My technical analysis points towards big bearish movement, but we wont chase it. instead we will wait for a retest as shown and after clear rejection we can sell. DO NOT continue this plan if the novel corona virus gets very very serious!
. 0.5 Fib rejection
. bearish divergence
these r examples of why I feel it will drop.
SBUX forming lower high - double top. Its looking like the last leg up to ~$100 was the blow off top of an amazing run. Part of the 81% 2019 increase was due to their China success and growth; Coronavirus continuing to spread into different countries closing stores.
Oil has been on a very prolonged downtrend after the market calculates affects on Chinese oil demand as parts of the country shut down. Last week the highways in and out of Beijing were shut down. It is very likely the coronavirus numbers are much worse than are reported by the Chinese government.
Oil here is showing an exhaustion in the downtrend. We seem to not...
Tuesday was another recovery day in the financial markets. In general, all this is rather strange and illogical. Markets first fall on the news of coronavirus and the epidemic. Logically and explainable, we will not go into details, and once again build logical chains of consequences. We did this in previous reviews. But upon the receipt of news that the epidemic...
China to allow in U.S. health experts as the virus shows no sign of slowing. Coronavirus confirmed cases at 20,438; fatalities at 426. RBA kept interest rates on hold at 0.75% as expected. RBA: Signs that global growth slowdown is coming to an end, bushfires, and coronavirus to pose short-term threats only.
XAU droped as virus fears abate. My numerical analysis shows 60,000 infections by 13 Feb and 400,000 infections by May! So how could WHO say it is not a pandemic! What is wrong with WHO! Goldman Sachs estimated that the GDP product growth this year could fall by 0.1-to-0.2% even if infections slows significantly in February and March. Fundamentally XAU is bullish...
Aussie pairs got a good boost from the RBA decision in the Asian session as the central bank sounded optimistic about global and domestic growth prospects. However, this bullish reaction might be short-lived as market players remain mostly risk-averse while coronavirus contagion fears are present.
AUD/CHF is trading below 200 SMA visible on its 1-hour time frame...
Copper on the 4 hour is looking very nice. We have had a prolonged down trend with multiple swings, and this has hit a major support/ flip zone where we would expect profit to be taken, and then perhaps a reversal.
We are seeing that price has not been making new lower highs. In fact we can say price is struggling to make another lower high swing. We seem to be...
Australia is still standing after all the fundamental garbage thrown at them. This indicates a strong economic foundation. Now in an area of demand against a relatively weak currency implies a huge recovery. Disclaimer: I am not your financial advisor.
Bought at 35.5 (Feb 3 , 2020)
Stop slightly below 50MA (1 day atr)
Targets:
218.9 (1:1), 223.9 (2:1), or run back to highs
Note:
Play bounce of 50MA, I had my alert at 50MA so I entered. A bit late of an entry since I woke up late lol.
Intraday is above VWAP.
Looks like market is recovering from the corona virus scare, and with Spy bouncing off that 50MA.
Based on the previous post we made on S&P500 futures (check the link to related ideas), we have our short setup on position.
-We can see a breakout of the ascending channel + a pullback to the trendline
-We have set @sellstop orders at 3192.00 and a stop loss on 3304.25
-We will move our stop loss to entry-level when the price reaches the next support zone.
-Our...
Monday was a very busy day in the financial markets in terms of price dynamics. The tone was set by China, which opened its stock markets after a long vacation. Expectedly, the market collapsed despite unprecedented restrictive measures by the Government and an infusion of nearly two hundred billion dollars from the Bank of China. The Shanghai Composite Base Index...
Global uncertainty around coronavirus puts USDJPY under selling pressure, which might continue..
Joining bears between 108.9-109.27 price zone with 108.1 T/P provides decent R:R (at least 2.16).
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I believe that the NCOV virus (with an R0 of 2 and kill rate of 2-3%, incubation time of 1 week) threatens to spread worldwide AND SHUT DOWN WORLD AIR TRAFFIC and many countries may close off their borders. A single passenger jet flight consumes 36000 gallons of jet fuel, people will stop going to crowded areas and travel less, and trucks will stop running their...
Hi friends, today I want to analyze one news that excited and scared people - this is news about the coronavirus that appeared in China.
If you like my analyzes, click like. In the first place of this week is the news about the coronavirus epidemic in China, which took the whole world by surprise. There is no such person who spoke about this news. But all this...
