Educational chart: The massive 20% rally in the US Dollar into the fall of 2022 coincided with the bear market in stocks and fears of recession as the Fed was raising rates to choke off the inflation stoked from aggressive fiscal and monetary expansion post-Covid lockdowns. What is important to learn is how the US Dollar movements can drive earnings estimates so...
ISM New Orders Vs Michigan Consumer Sentiment index ISM New orders provide an indication of current consumer demand. Utilising a chart of New Orders readings we can attempt to understand the trend of consumer demand forward. ISM New Orders could be considered an additional gauge of consumer sentiment because if businesses are reporting increases in orders month...
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. South32 (S32) on the ASX has been led by Gold (GLD) by 139 days through history. Go ahead and check out the...
Nifty-50 is showing the characteristics of a leading diagonal. I have mentioned all the rules regarding the leading diagonal and plotted them at the relevant level. Please go through the chart and try to understand which has been made very easy for you. Nifty may bounce back from the current level or from 15300 or from 14800. The level projected are purely based...
Very quickly before the market opens... The JNK ETF is heading further down for lower low -> Bearish for equities. The IWM ETF is likely to follow down continuing the candle -> Bearish for equities The DJT ETF broke support -> Bearish for equities The VALUG failed the resistance, with a bearish candle for more downside -> Bearish for equities The TIPS ETF gave...
I love finding leaders and lagers and this seems like a perfect example. Its easy to see the similarities in these charts- they're not exactly the same but wow are they close. The last time I noticed something like this BTC had just hit 20k while ETH was still at $500 (see below). Just like BTC was leading the way then; it looks like ECT might be leading DASH (&...
This one is sitting around a support so as it is drawn, if the scenario is active we will buy this one.
These are the 3 main Types of correlated charts I am seeing in the Crypto space. Type 1: These charts have moved off the low but have not yet broken out. These are lagging the others (i.e Not many people are paying attention = opportunity). e.g EOS Type 2: These charts have broken out and are consolidating above or near the previous high. These are...
As the title suggests. Here is my prediction for the NASDAQ. We won everybody. We f'ing won!!! Fantasy markets into perpetuity for all. Praise our handler overlords and their leadership!!
I am new to this platform and don't really know how to post/share charts that are running on my platform. This chart is a simple representation of how a leading indicator can be used to predict a direction for the EUR.USD pair even when it goes against most technical indicators. The overall direction shown here is based on 2 pieces of information. 1) The...
If gold is tracing out a leading diagonal, then there is downside risk to 1340 to touch the top of wave 1 as that is one of the main features of this pattern.
HI BIG PLAYERS, in the chart of AUDCHF I found a new Wolfe Wave. Today I set near the Wolfe Wave Lines also the Elliott Wave counting. You see a typical Elliott Wave Leading Diagonal Pattern. The Trade of this Wolfe Wave has a risk-return-ratio of 1:3 (means for every invested 1 $ you can gain 3 $) King regards NXT2017
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Same pattern here that I covered in MSFT, CSCO, and ADBE. All are still consolidating at the breakout level, except for ADBE and IWM. IWM is soaring higher today after finishing a short consolidation period at the breakout level of around $160. I put some Fibonacci lines to show how it bounced strongly off the top of wave 1 around $158.15. Since that low on...
REd arrows show how it can play out. Fake-out not necessary but common. Short term bear.
The Lagging Indi said Next Year is Rise of BTC, but the leading one said is next month. Are U believe ? Let watch together at this TV (Trading View) :)
I posted the weekly diagonal before waiting on price action. That pink line is the pitchfork line. EA looks like it is about ready to come down to at least make a flat. It does have potential to spike up one more time but that price action tells me she's going to come down. This actually a potentially large long term swing possibly working below the 1.5300 level...
EA broke the trend line of a 5 wave (what I believe to be a leading diagonal which would correct itself to around area of wave 1 high).....This is the weekly chart. The size of those wicks to the left bother me a little bit and euro strength. It is possible that it starts working down from here, it's been going down while the other euros been going up... Anyways,...