ADA has made a great bullish move to the upside, filling out the entire equidistant channel in the chart
The parameters for a Bearish Deep Crab have all been met
Point D still needs to be verified by a reversal in price action in the next few days.
Bearish divergence on all time scales up to one day
Plotted targets are your shallow retrace (38.2), moderate...
- The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute dropped to -4.8% in March (Previously 4.3% in February).
- On a technical level, the pair just bounced off a major daily S/R level before heading down. We are currently shorting the pair after a small pullback and a rejection of the 0.5 Fib level.
According to the elliot wave theory, FX:NZDCAD. is at its correction phase, and using the fib extension we get T1 for the small ABC wave and T2 for the bigger wave; T1 is short term while T2 is mid/long term
Another thing to keep in mind, is that China is expected to report on Monday that economic growth cooled to its slowest in 28 years and this means that CNH...
Natural gas has recently fallen down to a confluence area of support. This support area consists of a long term trendline originating from the low in March 2016, a short term trendline, the 61.8 fib retracement of the March 2016 low to November 2018 high and the 3.00 whole number level. Price has been ranging around this...
The S&P500 is currently trading in a nice range between 2620 and 2810 points. The Fibonnaci level of 61.8% acted as a really good resistance (triple top). Price just bounced for the third time on the 2620 level and could go back up to 2810. However, if trend reverses and breaks below 2620, we could see a big drop. Also note a little divergence with the MACD; it...
In #gbpnzd, we're looking at a buy idea. First off the pair has created a sharp but clear enough downward trendline and started to bottom out at major support of 1.86150. We can see a W or double bottom formation forming, we'll have to see if price breaks out of the trendline and start heading towards the upside or create a third leg and then start...
Will probably exit at the 23.6 fib retracement since it is in conjunction with the key level. A simple look at the lower timeframes will expose exhaustion also. Just my analysis. All trades are actually taken.
These are my views on why the Dow has probably topped out.
All markets tend to follow the US markets which is why a crash in the Dow Jones will likely result in a crash worldwide.
My arguments are presented below:
- Longest bull market recorded in history
- US debt is worrisome +21B debt (dollar in trouble?)
- Private debt ATH (particularly US student loan...
Daily Setup for GAS/BTC via Binance.
We a sitting around weekly lows, which seems like a good time to start to accumulate at these lower levels.
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