On the monthly I have my best guess of the long term action of the US dollar. Recently I suggested a short term bounce was coming. I was wrong. But notice the price is now very near 2 resistance points best appreciated on the daily chart. So now or soon we may well see a a bounce. IF it drops straight thru the uptrend line from 2011 as well as the recent low I...
The ETHBTC pair made a significant move last night, after consolidating for 50+ days at and above a historically significant S/R level. Price is at February 2020 resistance (~0.028). If that breaks, expect to see a very big rally in this pair heading into October which is marked by the Gann 50/50 (half the rally taken back, in half the time...
- Failed to make lower lows - Rejection of the 0.786 FIB - Currently sitting in the golden pocket area of the FIB - Failed to close below the 50MA on the daily and weekly
Here on the Euro we have a 222 pattern that fits due to the 3% tolerance outlined in the Harmonic Trading Volume 3 book Scott Carney published in 2016 (I THINK). The white line is the HOP Level for the Pattern! We have a classic Bullish Flag Pattern that has formed on the Daily chart and there is about 300 pips from PA now to the HOP Level. If PA closes above the...
EURUSD is fast approaching a very significant region of resistance. One that has been respected for the past 12 years. Will we see it continue to hold, keeping the EURO's gains against the USD limited? OR Are we on the verge of the pair breaking higher? Time will tell...
This video idea explains how to use the strategy tester on TradingView to evaluate the performance of your strategy. We go over all of the data presented for you regarding your strategy, and if we make mistakes along the way you can always check out the TradingView help section that is specifically for the Strategy Tester. I highlight the overview of your...
ETH/USD -price action has been making a series of Higher Lows -and a clear flat area of resistance making an ascending triangle -to confirm this pattern, we need to see a break above the area of resistance -if that happens, buyers will start to jump in to move the price higher -technically, bulls have the chance to win this game in my opinion -but let us all wait...
We know covid is taking hit on companies, yet TESLA is a beast like no other. I'm not bearish nor have any position on this and would just like to give a heads up on levels to watch for on a pull back with earnings. Looking at the order book the past few days I've notice that the only buys and sells were from small investors and the 100 share buys are nowhere this...
Going to do a trial trading with a small balance and following specific rules: Rules: 1. No earnings plays 2. No increasing/averaging down, use a stop loss of 20-30% 3. Charting based on triangles/wedges and SMAs 4. At the money/near the money (except larger cap/further out (AMZN/TSLA/CMG), so far played these well) 5. Risk/reward 3/1 or greater 6. Buy at...
Following 3 successful trades with trend, fundamental & technical confluence, we appear to be attempting a breach of the descending wedge, I believe due to the UK restarting their economy and the US Covid 19 cases growing at a quicker rate, the GBP will be favoured temporarily Will hope for higher CPI figures to be achieved by the UK on July 15th
Retail activity and strength is starting to transition towards excitement and complacency, when this happens Equities should be sold with confidence for a retest of the March lows. 📍 Here the following line appears the cleanest: 3240/50 => 2640/50 => 2060/70 and Sellers are not particularly favourable. The retail crowd are piling into longs and even some of the...
Anyone watching (or trading) US equity markets might have noticed some (lets call it) optimistic price action in certain stocks, such as (but not limited to) AAPL, AMZN, PTON, ZM, and of course TSLA. Keen observers will also have noticed 9984 Softbank also ripping through new record highs. At the same time, these stocks tend to sell off together - and I mean...
1860 is the 100% Fib extension. I reckon XAU needs a major correction, at least to the "potential target 1", an excellent risk-reward ratio for sure. This analysis fails if it can break out and close above the 100% Fib extension. PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not...
Keep watch of this ratio-We're looking like 1999 based on this ratio. Tech to go hyper before tech wreck 2.0? The recipe is slightly different but it's starting to smell the same. Even if this plays out, we should see the NASDAQ cool off & consolidate for a bit..perhaps we'll see some weakness going to the Fall prior to election with increased volatility in the...
Last week, Swiss currency is the strongest of all and we expect it currently in its exhaustive phase in the coming weeks. We could take this opportunity to capitalize on other currencies. At weekly TF, CADCHF is trying to make a U-shape pattern and this would be a great opportunity for long with good risk to reward ratio. This is a long term idea. The whole...
Fed Balance Sheet vs. SPX 13:35:59 (UTC) Tue Jul 21, 2020
The Dollar Index at the peak of the Coronavirus lockdown rallied, almost touching 103 – the highest level since 2017. The Dollar index shows the relative strength of the USD to a basket of other currencies. However, a couple of currencies strengthened as everyone was hoarding the USD – The JPY. If the JPY got stronger, why was everyone talking about USD being a...
This chart shows the biggest companies reporting earnings this week and their year-to-date performance. Our platform makes earnings season a breeze. We give you the data, tools, and information you need to make the best possible decisions. In this post, we'll walk you through a few quick tips and tricks. Earnings calendar The earnings calendar is where you...