In this video: * I review the overall stock market sentiment briefly * I discuss ascending wedge patterns spotted and what they might mean for the markets * My bullish sentiment is returning * Jasmy is our winner this week!
In this video: * Will the markets break down and out of their channels? * Am I spotting hidden bullish divergence? * Will the crypto markets start to de-couple price action and sentiment from the larger stock markets? * Has bitcoin reached a bottom on it's current drawback?
Dow Jones has had a very sharp two-day pull-back, which hit today the 1D MA200 (orange-trend-line). That came off an Inverse Head and Shoulders pattern (IH&S) that continues to resemble that of June - July. With the 1D RSI hitting the Symmetrical Support level of the July 19 low which initiated the strong rebound to the 0.236 Fibonacci extension, I expect the same...
#stocks down risk off is HEX a safe haven. money flows where it is treated best. or assets that are not widely held / under-owned / under appreciated move independently
Dow Jones has been trading inside a Channel Up since the Q2 of 2021 a time during which I have been bullish buying every Higher Low within the pattern. This hasn't changed, especially after it recently made a strong rebound exactly on the 1W MA50 (blue trend-line), which during long-term uptrends is typically the major Support. However with this analysis I want...
That's a bottom for me on crude, possible downside to $58 as daily stoch rsi looks overbought but the bulls can easily keep the LTF overbought long enough to make a stronger push back up to ATH, then allow for a higher high on the LTF b4 finally capitulating up to the W5 1.618 fib extension target $108.
The Green price level line represents the top of the macro range previous to the most recent all time highs. My bias is that price action took a sharp plunge from Nov 8 - the beginning of December... Price quickly regained strength and bought back previous losses. If price finds strong resistance above the previous all time range the tells me that price is...
a 4-5% potential move in the dollar is an extremely large move in the FX markets dollar milkshake theory. As dollars return "home" it causes massive disruptions in most risk on assets & weaker currencies. A stronger dollar would allow policy makers more room to print ironically.
This is an update to my most recent Dow Jones idea that gave the buy signal on the bottom of the Channel Up a week ago: The index has been rallying aggressively since then and now faces the first important Resistance (black dashed line). This may be an Inverse Head and Shoulders pattern similar to the June one. That has given two buy opportunities on the 1D...
Auctions have been releasing offering higher rates as of late. Our previous target of 61% retracement has been rejected so far. On the 1 hour, the previous high was broken with no new lows being made. On the 15 min we are at a light support. I would like to see a stronger support, however, due to recent auctions and higher yields, I could see more bonds being...
The Vix has reached the 61% target retracement. On the 1 hour timeframe, a new low has been made even with the previous high being broken. The 15 min looks the same. We could be running out of gas soon. However, let's see if the 88% retracement is the next level! We are fighting the 200 ema right now. Let's hope for a push down to around $16. Since July, price...
In this video: * We must review the stock market indexes and sentiment in order to accurately gauge our crypto space * Overall, nothing has changed. Still bearish! UPDATE: Apparently, TradingView is still having video issues. Subscribe to my substack below to view the video there or any of my other social media accounts. - Stewdamus
Dow Jones #DJI is bouncing of the 200 DMA after Doji reversal candle. Exit or reduce short positions! Disclaimer! I´m not a financial adviser. For educational purpose only! You can use the information from the post to make your own trading decisions. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. According to the count made in this index, waves 1, 2 and 3 are formed and are now at the beginning of wave 4. Depending on the shape of wave 2, wave 4 will probably move deep, at least to 0.5 fibo, and...
CAUTION IS IN ORDER IN ALL ASSET CLASSES! Markets have to be ready to go down and they certainly appear ready.
The DIA is at risk of losing a key level relative to QQQ performance. A decisive close below the red box could signal further underperformance.
For a moment, the Dow looked like it was serious about rising again. However with the current movement, the course is developing in our predicted direction. We expect the course to turn around at 33518 points and surge again. An alternative breakout has a probability of 35%. Happy weekend!
Pattern: Channel Up on 1D. Signal: Buy as the price reached both the 0.618 Fibonacci retracement level as well as the 1D MA200 (orange trend-line). The last parameter to fulfil is the RSI Support, so allow margin for one last low at the bottom of the Channel Up. Target: 36500 (Resistance and All Time High) and 37000 in extension (Higher High of the Channel...