This is the GU setup I am currently looking for around the 1.16000 psyc level where I would like to see support form on the H4 timeframe to continue the current H4 uptrend. The fib target is directly at the Daily timeframe support/resistance level so that is perfect area to key on. GU approached the Covid Lows made for the first time since March 2020 so this...
Oil bottomed out at 81.30, as expected. Oil prices are generally trending downward off recession fears and china coronavirus lock downs . We are seeing a small pivot off lower levels and an attempt to regain 85.55, which should provide strong resistance as it was a low tested several times earlier last week. We are starting to see strong resistance as we...
Simultaneous 2W Red Bars for all the above*. SPY is in pink so it stands out (by popular request). This is relatively rare p= 0.028: 11 out of 387 bars since GFC The chart shows the 11 periods with a yellow vertical line. Each asset is shown independently (upper left) as well as a horde (bottom) Since the choice of ETF's was neither complete nor systematic,...
The RUT ETF crashed with the COVID market phenomenon but then recovered better and faster than the SPY in 116 % of price appreciation in less than the one year that followed. Since then RUT retraced about 1/2 of that uptrend. Presently on the weekly chart, the price is relatively stable. The RSI bottomed out in the oversold territory and is now in...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management Entry: $90 Take profit: $180 If you want to see more, please like and follow...
The Japanese yen has started the week quietly. In the European session, USD/JPY is trading at 133.29, down 0.14%. This follows a positive week for the yen, in which USD/JPY declined by 1.15%. Japan's GDP for the second quarter rose 0.5%. The reading was a notch below the forecast of 0.6%, and the yen showed little interest. Domestic consumption, which makes up...
The ECB meeting has marked a rise in interest rates of 0.5 points. This has caused the EURO-DOLAR pair to rise to 1.0227. Although it will make the EURO stronger, there is economic uncertainty and complexity of the current European situation very difficult for it. In addition to no measurable productivity gains in recent times, the Italian community owes more...
Daily closed above major resistance, this might lead it to continue the rally in the coming weeks 🔥
The week wrapped up on a high note, as June US retail sales beat expectations. The headline and core readings both accelerated in June, with solid gains of 1.0%. This indicates that US consumers are still spending despite the toll that higher inflation and higher rates are taking on disposable income. The strong retail sales report will raise expectations that the...
NAS100 breaks out of decending wedge and is now currently restesting top of trendline as support which happens to land on a Fib date . Targets could be 0.5 at 13.8k , was waiting for retest to post and now it seems we might have that with a very strong open. Amazing time fib reaction .
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management My team entered interior air space purification company Aeroclean...
Novavax NVAX is actually lining up pretty well... from about 240, it tanked to 40, and on Friday, it gained 11% to close the week at 57.15. This caught my attention as it cleanly broke out of trendlines, breaking out also from a bearish divergence, on BOTH the weekly and daily chart. IMHO, it appears to be in technical and fractal alignment. Weekly chart...
What's up trading world! Hope you have been well & taking care of yourself in these uncertain economic times! I am back with another DOLLAR INDEX update, now I did say I would update at the end of June however, with 1st July being a Friday, I wanted to observe how the market plays out so I could give a move comprehensive update! UPDATE: 1. Bearing my previous...
What I am seeing here is the most sophisticated accumulation setup I have come across in the market - and CO has been doing this for NVAX cyclically every pandemic in the past. The company focuses on stopping the propagation of viruses, however, CO spins it by propagating demand (like a virus) and absorbing supply which they injected intentionally at strategic...
The Chinese stock market is performing better than counterparts around the world. However, the risks surrounding the Zero-COVID policy and a potential global recession weigh on the advancement towards my targets. Trade with caution ⚠
The last time this happened was in 2018 but the market some how management to rally which resulted in a false breakout. In 2020 the market came back to this level and spiked around this area before turning into an almost 2 year rally. 2007 was a different story as market broke structure and the result was a sell of that lasted one year. What will happen in...
Quick observation that IF the data is correct, then Australia just started a mini-wave.
Next wave for India appears to be projected about 8 August 2022. It is already on the rise...