BAC (and the rest of the banking industry) has a rough few months ahead. The major institution has seen solid gains over the past year and is about to relinquish them all. The major indication this downtrend is about to pick up steam is seen as the 50 day moving average is ready to cross below the 200 day moving average, a major bearish sign known as the death...
Picking up some DB, 50% chance it explodes first ;) NO TEA LEAF ANALYSIS
This Friday 13/07/2018 three of the main USA Banks are releasing quarterly results #JPM #C #WFC, The Banking sector is experiencing positive fundamentals that have been driving the spike of their stocks in recent months: 1. USA Interest rate hikes : according to Bloomberg research, for each 1% that USA increases the interest rate level Banks like Bank of...
Earnings season for the US banking sector is turning into an active phase tomorrow. Two largest banks - JPMorgan and CitiGroup – will publish their financial statements for the second quarter. This will happen on Friday July 13, 2018 before the market open. Our expectations for the stock market from the current earnings season are quite optimistic, and as for the...
JP Morgan buying setup on bot of triangle strong level of support
Price action of JP Morgan Chase has been converging, failing to make new highs and now testing daily trend line for the 4th time, which is also in line with 200 SMA. A 38% retracement level is below, but major support is $102, where price previously gapped higher in November 2017. A break lower could be seen as a short opportunity or the price will bounce higher...
ZEC appears to have just entered it's bull cycle in terms of BTC It also looks like a beautiful market cycle in the USD pair Just bought a small position and will double it if ZEC gains 10% 15% Stop (soft stop) 100% TP They're partners with JP Morgan, need I say more?
New high will not be late as a month for finance sector. $120 and more is a little range for JP Morgan Chase & Co.
Couple of harmonic completion in JPM:- #1 The Feb to Mar butterfly formation which resulted in... #2 An extended ABCD down move to 106. #3 Price reversal with heavy volume on the 138.2% extension of the #2 ABCD which... #4 Happens to be the 78.6% retracement level (higher low) from the 6 Feb low. All these leads me to think JPM is about to make a move up to try...
QSHBTC formed very nice triangle and it is very possible to break this triangle if we get enough volume. If you see we had almost the same pattern early this year-however at this time we had very high volume. Considering that the team behind Qash is testing Worldbook platform which is an integral part of Liquid Platform at the end of April it is very possible to...
This is one of my shorter time scale predictions heading into the earnings reports coming up. With all the volatility we have managed to open a couple of more postions during the beginning of the week that are already in the green, these are set with a x1 leverage on our PI profile on eToro (Willscuba). We currently have a reducing wedge but have seen some...
You can see here that financials have put in a series of lower low's. Often in such cases, we see retracement back into the original range. If you are looking for a short opportunity entering at the 50% level with a downside target at the 1.6 extension level would offer a reasonable risk/reward ratio. With the midterms coming up, I would expect a low prior to...
Please look at this ive only done TA a few weeks and would appreciate constructive opinions. This looks like it has major potential and im not sure which way or how to scale extent of how much potential
redrew the POE graph, have no clue whats about to happen but thinking it might be big..
Since price rallied from 81.60 in June this year to the recent high in July, price has been in a consolidation phase. We saw a false breakout above the 94.47 high in July before making a recent low of 89.07 in September. This is a typical expanding flat structure according to the wave patterns. Price has too met the minimum expectation area of 123.6 to 161.8 fib...