Going into September with an RSI nearing 80 on the monthly, I think a pullback is imminent. And outside factors are not gonna help.
I have been working on the projections for the upcoming fall on bitcoin. I have provided the matching fractal to compare to the existing fractal we are within at the moment. The measurements are all there on the chart for the total length of the pattern and the distance to cover that is remaining. If you agree throw me a like and share your thoughts below! Follow...
ALTHOUGH OTHER STOCK ARE LOOKING VERY BEARISH, FACEBOOK REMAINS BULLISH... MAYBE ITS BECAUSE THEY'VE HAD A MASSIVE SURGE IN USE OF THEIR PLATFORMS DURING THE 2020 PANDEMIC, WHILST OTHER COMPANIES SUCH AS APPLE AND TESLA ARE SELLING HIGH TICKET PRODUCTS IN A TIME OF ECONOMIC HARDSHIP, WHERE FEW PEOPLE ARE ABLE TO AFFORD, FACEBOOK OFFERS A FREE SERVICE THAT...
With a close below the 200 day moving average, the big question is, does this continue? Make sure you press like and follow so I know you want more ideas like this!! Here we examine the 4hr chart. While things have seemed bad for Spy lately, if we break down the broader term price action, we see an ascending channel. This channel began on a gap up after a...
Base on Renko candle chart, we easier realize an ABC Correction Wave are forming after Elliott Uptrend Waves completed. This correction should stop at $315 - $320, right the top of 3rd Elliott Wave. That is important Demand Zone. If a big Panic Sell happen, it easy to take SPY down to $295 - $300. To break this downtrend, SPY needs to close above $352 for at least...
Nasdaq's bull run was unreal. Out of this world. Irrealistic, many would say. We all knew this was going to happen at some point. Call me delusional, overly optimistic, or even naive. But I am not panicking just yet. We broke through resistance and a pull-back to the new support is a healthy signal. We need the Nasdaq to slow down, we need to put a break to...
We all knew this was going to happen. You don’t need to be Bill Ackman to realize that the S&P 500 would hit its head soon. It was predictable - easy to spot. The question is though: is this a simple retracement or the beginning of a crash? The only certainty is that every time that the S&P 500 touches its 4-year resistance line, bad things are going to happen...
I continue to run more models. My models are like the cones of uncertainty when forecasting hurricanes. The more data that comes in changes the cone. In this case, this chart is completely different from the one 2 weeks ago. That one saw the end of Grand Supercycle 1, this one still has us in the final Cycle wave 5. This model also projects Grand Supercycle wave 1...
The stock market is on the verge of an epic collapse set to occur now. The greatest depression in global economies that any of us have or will see is here according to this accurate model. My 'crystal ball' is not based on the quarantined talking heads filling air time with circular-referenced positivity in an utterly negative market. Some loyal readers are...
STOXX 600 INDEX: deflationary pressure will decimate this sector. the Opportunity is SHORT until yellow zone highlighted - strong possibility to go lower, be careful not to fall for the dummy BULL - its a sucker punch!
Rsi has printed huge bearish divergence on weekly timeframe, expecting one more leg down soon
TVC:SPX Should I stay or Should I go? $SPX #MarketCrash #SuperSimpleCharts #SPX500
The figure shows how long the previous market crashes have taken in time and how the crashes have always had significant upwards retracements in it. The overall trend of 2020 is now confirmed to bearish and there is a lot to come in the near future. Stay tuned!
Ok people, things are about ready to boil over here. Everyone is holding their breath and crossing their fingers that all the economic data dropping first week of June 'won't be as bad as expected' so the market will then rebound. It's all hopes and dreams though. It's gonna be worse, decent chance of MUCH worse. If we get to the end of June, and I have to sell...
I know some chart formations, but could this be the rarly seen diamond formation ? I was one of the #coinvestorarmy I NEVER WOULD SHORT BITCOIN, not for a minute, not for a day, but if this is a diamont formation, we can but some more cheap coin Learm more about the diamont formation: www.investopedia.com Invest smart !
Mostly reference purposes here. What an epic setup. Buy Signals: 1. RSI flipping from buy to sell on the 1D and 4H and holding closely to the sell dashed line in the 4H or 30M 2. OBV trend change, up or down in the 1D or 4H overall but here the 1H and 30M will give quicker signals of the trend change 3. 1D VPT as RSI flipping from buy to sell and 4h holding...
we're having some nice channel movement ongoing and if we hit the major resistance at 2.9, retrace down to 2.6 and hold 2.6 i think we have potential to go to retest the ATH. i am watching 2.6 to see if it acts as major support. if it's broken through with volume to the downside then this formation is invalid and we will probably retest the lows of where the...
TVC:SPX Super Simple Charts #SP500 #MarketCrash #SuperSimpleCharts