I haven't posted in a while because since I entered a position in my SPX index fund, there hasn't been much to say. Until now. I'm posting this chart to show my updated levels & chart analysis. I'm NOT adding to this position until we retest the (diagonal) white line, indicating the current trend that we are in. At which point, we will either hold the trend for a...
Fundamental Analysis Here are the key takeaways from BoE meeting: 1. The Bank of England's Monetary Policy Committee has increased the Bank Rate by 0.5 percentage points to 4%. 2. The vote was 7-2 in favor of the increase, with two members preferring to maintain the Bank Rate at 3.5%. 3. Global consumer price inflation remains high, but is expected to have...
Topping reversal candle on the 4 hr. I see Bullish and Bearish scenarios- * Yes Tesla can go to $180 first, it has to happen before Wednesday Bearish- pullback and double top , Rising Wedge or complete breakdown from here. Bullish-continuation on new support trend-line past $200… to confirm V bottom recovery (Tsla is one of few stocks that will be green while...
Today marks the first day of February. I had a pretty interesting trading day yesterday. I was taking a few heavy positions and happened to end up on the profitable side of those positions. I realized very quickly that my perception of the market is flawed. My optimism or ideal performance for the market I choose is always based off a monthly time frame. Yet...
Head And Shoulders Chart Pattern The Head and Shoulders pattern is very easy to spot and can be a caution for traders especially when the pattern occurs at the top end of a rally or its bearish counterpart, the inverse head, and shoulders that occurs at the trough of a downtrend. In the chart above, you can see the basic structure and the setup of the head and...
Rectangle Pattern Up Trend The price is constrained by support and resistance levels in the Rectangle pattern. This means observing the pattern on a chart, and traders need to look for a price between the two horizontal lines. The Rectangle marks several highs and lows. These highs and lows indicate a period of consolidation. Also, there is indecision in the...
SP futures finally closing above the previous descending resistance line on the 1D chart. Combine this with the bullish indicator of the Golden Cross: 50 MA crossing the 200 MA 10 MA has already crossed the 200MA indicating at least, a short term momentum change. On the Wed - 25 Jan we also see a long bullish hammer, with a long wick down indicating huge buying...
We have witnessed the resiliance of investors with the determined buying of the S&P FUTURES and the market as a whole. The close with strength above 4055 was a huge victory for Buyers their next target and obstacle will be 4093. Macro Downtrend has been broken, Can buyers hold?
price has recently moved out of the ascending channel that price had previously created, created a correction after breakout and another continuaiton correction for more pushes to the downside.
I think there is an exponential zig-zag pattern formed on MPC!
Hope you’re having a great Monday, here’s our thought on the GBPCHF pair. What pair you looking forward to trade this week?
NASDAQ correction has done 37% in almost 407 Days, after knockdown it's continuesly found in DownTrend , now NASDAQ taking support from his crucial level let's see, can it go positive or will do continue to the trend .
Trend of the day. Stock market forecast for 23 Dec. Test it. Like it. And follow me.
We are all asking ourselves the same question, are we in the next big financial crash or is the worst already over? To answer this question, let's look at the S&P 500 since the beginning. The S&P has only seen one really big/long correction in its history and that was triggered by the Great Recession in the 1930s and the following Second World War. Since...
Good morning. Last week we finished the week in the green even with Powell speaking on Wednesday. And now, we are hanging out at the 200 day. So.... where do we go from here? The charts are telling me to be bullish, but we should remain cautious at this level. The overall big picture makes you sit back and think. We visited the trend line from this years high back...
6H - hidden bullish divergence Up trend BeOB and FVG r the same lvls with the fib
Many investors are already assuming a breakout from the upper trend line and thus a continuation of the uptrend. The economic sentiment is still bearish, many companies now have to bear the high capital and energy costs and many companies are still highly overvalued. Therefore, today we would like to introduce you to a bearish scenario that is likely to occur,...
This Is part 1 on Market Analysis, Waiting for set up and taking trades. Hope this help.