Greetings fellow traders,
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
Dashed lines; Possible forming patterns
Solid lines; Confirmed patterns / Support or Resistance
Dotted lines; Possible price-action trajectories / wave trend
Light colors = Support / Dark colors =...
Since 2008 we have had no real recession. 21 December 2019 we just hit the top resistance of ascending wedge on the monthly chart.
Coincidence? I think not.
Add the repo crisis like we had in september, trade war risk, and election uncertainty, brexit uncertainty, housing market bubble and dept buildup and we have are at more then enough to make this technical...
In today’s marketinsights video recording, I talk about SPX and DXY .
SPX keeps hitting fresh highs despite Fed's message to keep rates on hold until 2020. Trade wars do seem to be influencing flows more than anything else right now? Whatever the case, sharp upside and overbought hints to exhaustion!
The DXY's recent upside though should be watched closely. It's...
With market volatility dissipating and a big $30M EU court win for SBUX will help drive the price up the rest of this week. My closing price prediction is $92.50. Are you a Starbucks bull? Ready for Q4 this October? It will be a fun ride.
Check out my trend lines, and predicted price movement lines. This is a fun test of my skills. I have been here a week and am still learning. For those of you who have been following me I am a SBUX bull. I have a high stake in an options call for SBUX to hit $105 by 11/15. I am relying on steady growth until earnings and then a killer Q4 earnings. Comment below...
In today's #marketinsights video recording I analyse EURUSD and USDJPY!
Euro, dragged lower by the reinstation of the QE programme, was able to reverse post-ECB losses on the back of:
- Limited rate cut compared to markets expectations (only 10 basis points)
- Draghi's call on governments for fiscal stimulus (supporting EA economies?)
- Widening yield...
Price movement to the upside was quite strong and pin formed is small; Timing and location of the pin is very good.
First (T1) continuation of (red) sideways is expected and than (T2) possible lower low; could be new ABC move to the downside.
Heres a video summary...
XPT has been giving me the eyes from across the bar all night... However, I am sitting on my hands patiently waiting for absolute confirmation before striking. These sensational charts are suggesting to me we are approaching a potential long term trend reversal!
Here are my confluent reasons why...
1. Falling wedge...
Comparing to the 2015 downtrend..
RSI hasn't tested the bottom again yet
Trend lines don't point to an end of the downtrend yet
Fib analysis shows current low point at the 3 level.. but I'd bet 1.618 would be a more likely bottom..
Good luck :)