Energy stocks have been consolidating as major companies report earnings. Now they could be back in focus with inflation still rising and the economy reopening.
The most important feature on the SPDR Energy ETF’s chart is price zone around $56. It was a crucial support area in January 2020 before XLE crashed to a generational low. It was also a peak in June, but...
This is just a quick analysis that I did up using Mark Minervinni's stage analysis , Looks like a perfect example of a stock that achieved super performance that now is entering the final stage , which is stage 4.
If you have not read Marks books , I highly suggest picking them up , the best of the bunch in my opinion is his " How to trade like a stock market...
US month-on-month CPI data released earlier showed inflation rising to a record annualized rate, exceeding expectations. Will the Fed be forced into earlier monetary tightening, and what might that mean for commodities, currencies, and stocks? Today’s release of June’s US CPI data revealed that annualized inflation has jumped from 5.4% the previous month to 6.2%...
Hey traders,
📖 Trading Journal is a crucial element in your trading education.
Even though the majority tends to neglect it, in fact, it is considered to be the essential part of a daily routine of a professional trader.
In this post, we will discuss why you should keep a trading journal & how it enhances your trading performance.
Let's start with the...
The Market's longer term uptrend still intact. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or...
Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely...
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The Obvious Tips
Don't use the same password everywhere or else one breach could expose all accounts. Make...
George Soros said "Most of the time we are punished if we go against the trend. Only at inflection points are we rewarded."
Even if we go with the overall trend on a pullback, we are going against the short term trend, and this is very punishing if done mindlessly.
Cruel game, I have to be patient all the time, wait months, and then I might have just a few hours...
Asset classes - Part 1 - Stocks, Bonds, Commodities and Currencies
There are several types of asset classes which group together investments with similar characteristics. However, each asset class also has its own particular features that it does not share with other asset classes. Most common asset classes are: equities, fixed income, real estate, commodities...
#SOL maybe worth it to add this coin to your Watchlist. 👀
Pree "like button" and leaving your "comments" below our ideas is a great thing and supports us to providing more ideas.❤️ (Share it with your folks)
VS USDT (short-term)
Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/Breadkwon levels, Also R: R)
add to watchlist means the...
Hi traders, here we are on another workshop. Today I'll be sharing some of the points on differentiating skill or luck trading. Majority of the traders have absolutely no clue on are they doing the right things or not? Here's a few key points:
Skill
1. Winners and Losers
- If you are a skilled trader, you're someone who understand the probable and possible...
The U.S. Dollar Index has made a Triple Top just over 94.260. Currently the 4H MA200 (orange trend-line) is giving a short-term bounce but the true Support is the 1D MA50 (red trend-line), which already held once on October 28.
Based on the long-term Bullish Megaphone though, the downside target of a Higher Low is the 0.786 Fibonacci retracement level and that is...
EOSUSD is set to play catchup with other cryptocurrency pairs such as Bitcoin, Ethereum and Litecoin as price action builds a nice base. I expect that buyers will get more active with a move up through the 5.050 zone so watching to see how sellers react up at the level. The stage is set...just watching for the action to kick off.
Greetings,
We are waiting for a pretty simple confluence of indicators to resolve hopefully in the next week or so if not sooner. There is a lot of bullishness in the crypto market and rather than chance something that is already on the move I am looking to catch something before its next big move. What I am watching for is pretty simple... big moves end up...
If you are bullish crude, a good way to express it right now is via short USDNOK. Following the VAR shock in early November, hedge funds have been forced to reduce popular positions (including NOK, which was a favored reflation trade). I think the VAR shock pain is mostly done and USDNOK and EURNOK should revert back towards the lows. Both pairs look around 1% too...
Netflix is in the uptrend and currently, price has been pushed to the upside, after touching the ascending trend line and also the first support zone (S1).
On the other hand, the last 4H candle has been closed a little lower, below the trend line.
We still don’t know if this is a fake breakout or not… we should wait for the current 4H candle to see if it will be...
Hey guys. Sometimes short, simple ideas can be very helpful as well. Sometimes they're just things to keep in mind in order to stay prepared for any situation that may arise in the markets!
This is one of those ideas. We have the BTC DOMINANCE chart on top and the ETH DOMINANCE chart on the bottom.
Personally, I think the BTC.D is a little bit LOW compared to...
This chart analysis shows you the power of order flow using two main things:
OB - Order Blocks
BOS - Break of Structure
If you can determine a trend utilising impulse and correction, you can almost always ride the wave by scaling in positions using this method.
First, determine your trend and then wait for a break of structure of a low/high.
In this example,...
