When markets are messy I like to explore long term bases in relatively unknown stocks. CPRX has a 15 year base with contracting volatility in recent years, mostly since 2019. I like the look of the quarterly chart and I like the volume markers on the daily - institutional funds have been progressively accumulating. As all biotech stocks are highly...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTC). The BTC price has a possible Head and Shoulders Pattern and/or Triple Top Formation forming. Generally in a H&S Pattern, the right shoulder is smaller than the left shoulder. In this case, there is significant resistance around the $60K range as indicated...
These data series are all available in the Trading View platform. Since the turn of the year the price of LQD, the investment grade corporate credit ETF, has declined nearly 10 points (-7.3%) and since early August is down 13 points (-10%). The important question is…. Why? Knowing how to monitor credit is an important skill, particularly since so many in the...
In this post, I tried to show you the most important Harmonic Patterns of Technical Analysis . These patterns are more valid at higher timeframes. Please do not forget the ✅ ' like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe. What is Harmonic Pattern ❗️❓ Harmonic patterns are chart patterns that form part of a trading strategy, and...
Hello traders and investors! Let’s see how SPY is doing today. Yesterday, we successfully identified a bottom level, and now it is reacting accordingly. What’s next? In the 1h chart, it gapped up, and now it is trading above the 21 ema. This is a very good sign, and in theory, it will keep trending as long as we don’t see a reversal around. What could ruin the...
Trade Credit: $0.55 = 11% Return on Margin Max Loss = 500 - 55 = $445 Strikes - Short 185 / Long 180 This morning I realized that I need to get more capital deployed based off of my trading plan (something I hope everyone has!) As such I went looking for trades, and today is not a bad day to enter trades. Reasoning is below! 1. Recent red days = Increased...
Chart patterns detection needs an extensive learning process and experience, no matter if you are a human or a machine! Machine Learning Workflow: There are five core tasks in the common ML workflow: 1. Get Data 2. Clean, Prepare & Manipulate Data 3. Train Model 4. Test Model 5. Improve Since the chart patterns, beta version indicator has been released, I...
After zooming out and studying Bitcoin in depth, we have come to a really nice Elliot wave scenario. We started the bullrun late January at around 33k. We are currently in the First wave of FIVE. Here's the breakdown: First Wave - 5 wave impulse Second Wave - 3 wave correction Third Wave - 5 Wave impulse (often the biggest wave) Fourth Wave - 3 wave...
Hey everyone! 👋 Last week, we posted an idea about the three main order types that market participants use: Market orders, Limit orders, and Stop orders. This week, we thought we’d take it a step further, and discuss some of the more advanced techniques that professional traders use to get better prices, using those three order types. 🎯 Technique 1: Use...
If you're trading this market right now you have to keep your eye on Interest Rates. Why? Interest Rates have the largest web in the market. They impact every market we trade (even crypto :) What rates are doing not only impact the markets we trade, they impact us in everyday life. In this video I go over the best way to trade interest rates and even if...
Last week, we cited the potential breakout in the SPDR Gold ETF. Today’s chart shows a similar pattern in miner Barrick Gold. First, consider the series of lower highs since August 2020. Then notice how the price action Friday and today violated this downward trajectory. Second is the rounded bottom around $18, which took shape in the fourth quarter. This...
SOLUSDT now try to breaks 97$ at 1hr candle (trendline),once its closed above 97$ then will see 10 -15% upside in short term
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. I will personally reply to every single...
Over the last year we've been forming an RSI divergence on oil, and we're seeing increasing volatility. There are a lot of geo-political factors at play here. I think there's a risk premium on oil right now because of Russia. .. increasing volatility means sharper moves. I'm watching for Russia / Ukraine to resolve, and depending on how it resolves, expecting...
Index tracks performance of multiple assets that are grouped together. One of the first people to introduce the concept of indexing were Charles Dow and Edward Jones when they created the Dow Jones index in 1896. This concept allows for an easy tracking of performance of any particular sector within the economy. For example, the Nasdaq 100 index tracks performance...
The Japanese economy is not just being propped up by the bank of Japan its more than that. The bank of Japan essentially IS the economy at this point it owns over 75% of the Nikkei 225 and owns close to a majority of JGB's. Central banks across the globe follow the bank of Japan because it is the furthest in the hole exceeding all its peers by a massive margin....
For the last 40 years, I (we) have invested in a never-ending Bull Market in stocks. During this time: Stay the Course and Buy the Dips worked. But as Ray Dalio said recently: THE PERIOD OF EASY MONEY IS OVER! The new paradigm will either be Zero or Rising Rates, neither of which will be kind to long term investors. The BIG MONEY has already begun to or...
Normally, when inflation is high, the Federal Reserve will increase the FEDFUNDS rate which discourages banks borrowing money in order to fund investments. This in turn discourages lending and generally increases borrowing costs across the economy - including borrowing costs for the national debt. When you subtract it from the YoY inflation numbers, you can see...