Hey Everyone! 👋 Ever get tired of looking at the same tickers? Looking to learn about different sectors of the economy? Want to broaden the number of assets you trade? Check out our Sparks . We created Sparks to quickly inspire you to dig deeper, to find new and interesting opportunities in markets. Sparks are curated watchlists built around interesting...
The trend is back in favor of the bulls! Some people use trend lines to determine trends, but I use Bollinger Bands to determine bullish, bearish or neutral conditions and in today's video I explain how I use Bollinger Bands to determine that the E-mini Nasdaq 100 Futures are now back to being bullish and how my strategy triggered a long setup with a target of...
With OPEC meeting out Wednesday both Brent and WTI crude are front and centre this week – we also know higher crude prices are key for inflation expectations, and the move into $90 has supported US 5Y5Y swaps at 2.48%. Traders are buying into crude to hedge against sustainably high inflation, but It feels like the market is long of crude as a hedge against...
Here is a couple of things we are looking to trade this week. NASDAQ:MRVL Nice Hammer Candle off the 200sma Taking a move over $67 with targets of $68, $69, $70 NASDAQ:TSLA Another hammer candle off trend and the 200sma Taking a move over $860 with targets of $865, $870, $875, $880
Hi everyone, A Possible scenario is shown in the chart (Target $ 100). The pattern emerges normally between one flat and one falling lines. Corrective wave patterns: The best way to trade an Elliott Wave triangle is to anticipate the end of wave '5'. Sometimes this is easier said than done!
The NYSE composite has spent the last year building a classic broadening top pattern. The pattern develops as strong hands distribute to weak hands, and when it occurs, often marks a transition from bull to bear. 1. Broadening formations are relatively rare and because the pattern itself is difficult to trade systematically (as the boundaries are continually...
Part 4 This is the fourth part of the macro analysis series. In this part we'll focus on analyzing the current situation of the commodities market based on fundamental and technical analysis, while trying to map out the future depending on how the Fed and the economy move. The key focus here will be on Oil, Natural Gas, Gold and Copper. You can find the rest of...
This chart represents the notable L1 smart chains which are all competing to be the "eth killer" and cement themselves in the top 10 cryptocurrencies. The date range should start from 21st July 2020 which represented the "market bottom" for Bitcoin and crypto. Each project did of course start in different places in rankings due to their market caps however... The...
Focus on one single trading strategy One thing that many people try and do is switch between strategies constantly. This is setting you up for failure, and if the concept of probabilities is truly understood, you will comprehend the reasons why a single strategy will work. Any strategy is not going to have a 100% win rate, so first you should attempt at getting...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Fantom (FTMUSDT). The chart is self-explanatory. There are many bearish signs so be careful when considering to trade Fantom. Keep an eye on the key support line as well as the 200D simple moving average. Included in the chart: Trend line, Support and Resistance Lines,...
Just like real life, trading life is full of ups and downs. You know those days when you wake up with an absolutely awful mood and you can't figure out possible reasons? Well, there could be several factors influencing it: negative energy of the outside world, bad weather, personal problems and so forth. It is very similar to checking the markets and noticing that...
Morning Jumpstart Macro view / US Market Recap 27-01-22 US markets took a hit into the close after the Fed Reserve signalled rate rises and an end to free money. Gold fell as the USD rallied while oil continued higher thanks to supply concerns. For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave...
XAUUSD is testing the August 2020 downtrend and requires a close above 1850 to get the bulls excited – if gold is going to have a more explosive upside move it requires far greater involvement from CTAs (systematic trend-following funds) and FOMO buyers. The near-term flow has been bullish, but the long-term downtrend could be an area of greater supply – a...
This chart looks nasty and that is paradoxically good. There is good enough probability that ARKK found the bottom with strong volume reaction and price sitting at .7 levels from the highs. At least bottom probably is found around these levels after a very violent 59% drawdown from ATH. It is a bit early to tell but so far those macro selling volumes are...
This is the S&P500 index on the 1W time-frame (on the log scale). The recent sell-off (-12% so far) is leaving many wondering what is happening and rightly so as it broke below the very strong bullish pattern (Higher Highs/ Higher Lows) since the November 2020 U.S. elections. As I looked more closely into it though by running past regression models, I found that...
Its no secret that Bitcoin and Ethereum are the most well known cryptocurrency out there and are leading the way for other, newer cryptocurrencies. Bitcoin acts as an index for all cryptocoins - if Bitcoin goes up, all crypto goes up. If Bitcoin goes down, all crypto goes down. We can use this to find the reversal zones for all the other cryptocurrencies. From...
As of Friday (Jan 21) IWM has fallen out of a long range of distribution, produced both daily and weekly closes outside the trading range, and importantly has the potential to produce a large move. In this piece we discuss the trading range, mostly from a Wyckoff perspective, show multiple ways to start thinking about how far the move might progress, and finally...
Every single year since #Bitcoin launched, the lows were always higher than the previous year's lows (Except 2015) While 2022 started with wrong foot, It's highly unlikely to go below previous year lows (~27500$ // -20% from current value) $BTC #BTC