Expecting a move to the downside to complete a flat pattern. RSI shows the up trend is exhausted and got divergence.
None of us has a crystal ball. We are only trying to increase our probabilities for the correct buy and sell timing. I'm using DDS in my example, but my illustrations and comments apply to hundreds of stocks on a daily basis. First question: is the stock moving in an upward channel even in this lackluster year? Sure, an experienced trader has an eye for the...
Egold can go up correctivly After finishing an expended flat correction now I think we are into an x wave that is also a complex correction. It can go down one more leg to test the bottom of the channel I remain bearish on egold
As we all know, the ongoing war has really put a squeeze on our oil supply ($CL1!) and $SPY have been just hemorrhaging since the beginning of the year. Naturally I've taken to trade these two (or three using $ES1! just to put them both on futures level) inversely. We've had a solid run on $ES1! the last week and whether you think we are at bottom or not, it is...
Unpopular, unpatriotic title, but the chart doesn’t lie. China tech overall has been basing and looking to break out of the long term downtrend while US tech has struggled. PDD has higher beta than its Chinese peers and I am looking to hedge with shorting the de-facto US e-commerce play, Amazon. Although it would be a more apples to apples comparison to pick a...
I think that 4th wave is complete for Egold I will present you the count of this 4th wave that started from 13 june 2022 and I think this is the best interpretion for now! 4th wave pattern is an expanded flat correction composed from: Wave A: an expanded flat Wave B: another expanded flat Wave C: Impulse 12345 with a truncated 5th wave, verry important thing...
Since the Joe Biden election, the TRUMP2024 token has been on a tear. From this chart, we can see the markets are lagging a lot, taking time to react to events : It took nearly 6 months of Joe Biden presidency for the markets to realize the potential of the TRUMP2024 token vs the SP500 under Joe Biden's policy. For the future, we expect TRUMP2024 to continue...
This is a crazy idea for the TradingView's 1st July 2022 Long&Short Competition entry. Long Germophobic War Technology: NASDAQ:AERC We're betting in the success of the FDA Clearance provided after review of patented germicidal UV-C LED Air Purification Technology from AeroClean. It was proven effective at eliminating harmful airborne microorganisms. The...
I wanted to hop in the latest TradingView contest and present my pair trade idea. This chart shows XLE vs. TAN. XLE is the mostly oil ETF while TAN is the mostly solar ETF. I think the recent spike in oil made perfect sense because of the supply disruptions, but I have also been following green energy for years now and the simple reality is that the...
For those investors new to Virgin Galactic and Square, I want to introduce some key background trends affiliated with all things innovative with flying to outer space and using a mobile wallet. Virgin Galactic went to space successfully with 7 astronaut types including their own well trained pilots, some of which are superceded by NASA's own program, left NASA...
Bitcoin can go up only correctively after a c wave down to make an X wave and than I am expecting an Y wave to hit 23000 where it is the 0.382 fib resistance to end a 4th wave from an impulse to the downside.
WXY corretive pattern for EGLD, wave 1 or A impulse and now just ended the wave 2 or B also a WXY pattern. I am expectig a fall down at least for a C wave.I will update if will gonna be a 3rd wave to change the take profit target. Entry on the break below 60.82 Take profit Target into the box.
Emerging Market equities have underperformed the US for the last decade, and has now reached past lows during the dot-com bubble. Looks poised for another reversion in the next 10 years! EM is cheaper (has already fallen mainly due to weaknesses in Chinese equities) DXY likely to weaken in the long-term, which should benefit EM equities. Monthly RSI also seem...