The 14 Day Moving Average deteriorates from 60 to 40. With its deteriorating situation in its loan. The ticker is far from enjoying premium from peers. HSBC will outperform Hang Seng Bank. At the moment no need to accumulate. Just wait for better entry point.
BTC has bounced very well since a few days. Yesterday it was rejected by the next resistance (dashed line) and the MA 50W. It seems to continue going down. I think that BTC would retest the MA 50W some times in the coming weeks before breaking it to go higher. My predicted mid-term target is still $32000 and BTC would not be lower than the EL Line (please refer...
1420 Daily SMA - This is basically the 200 Week Simple Moving Average. It’s held pretty consistently throughout BTC’s history and only been violated twice since 2015. Once during the Covid market meltdown of 2020, and once during the 3AC meltdown of 2022. These two violations have held at around the 1970 daily SMA 1970 Daily SMA - This was formed on March 13,...
USOIL makes what looks like a classic Elliot Flat Correction. But where does it go from here? Is the correction a pause in upward prices? Or is the correction the change in direction from uptrend to downtrend? Note that the bottom yellow dotted line is the 200day MA area. Haven't even bounced off that yet.
🖥️ We have determined there is a 65% chance Bitcoin will Fall from our current entry point. 📉 SHORT BTC - Entry Price : $23,220 📉 💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $600, and a minimum expectation of $200. 🕰️ Duration of trade: we are expecting this to occur within 4 hours of this signal, with a maximum duration of...
AUDUSD AUDUSD is correcting after successfully entering the range 0.70185 - 0.70415. With DXY still in a strong downtrend, AUDUSD probably will rise above 0.70415 to 0.70814 until the day of USD resistance on Friday. R3 0.71105 R2 0.70814 R1 0.70415 PV 0.70185 S1 0.69913 S2 0.69692 S3 0.69292
DOW JONES Had entered the range 32831 - 33093 but was ejected quite strongly and made DOWJONES have to return to its MA8 which is still in the range 32595 - 32831. Today most likely DOWJONES will try to break the resistance again because the price is getting squeezed between MA8 and resistance 32831. Too bad our BUY limit was not picked up yesterday. We will...
Bank of America had relief rally in the second half of July, jumping from a 52-week low under $30. Now some traders may think it’s overbought. The main pattern on today’s chart is the declining 50-day simple moving average (SMA). The recent surge brought BAC back to the line for the first time since late February. Trend followers may now look for the bearish...
Mixed PMIs and US-China tussles probe buyers in the pair which is likely extending sideways grind above 55-EMA support. Break below 55-EMA will drag the pair lower. Resumption os upside will see test of cloud base resistance.
Silver is about to reach a macro fibonacci golden pocket, this could be a good time to buy silver (preferably physical silver). Make sure to do your own research, this is no investment advice. Forecasts and forward-looking statements always involve risks and uncertainties. Some things you might want to look at: Gold/Silver Ratio Silver/SPX Ratio Silver...
Hi friends, I hope y'all had a fantastic weekend ;) Today, we're looking at a bullish counter-trend signal that's derived on the monthly time frame. If you look at the monthly, you'll see that the price closed with a bullish reversal candle pattern that represents the huge double tops accumulation phase. The patterns neckline was previous bearish broken and not...
Bull Divergence condition: 1. Point A: RSI is Oversold (<30) 2. Point B: Most important. - EMA: 34 & 89: Point B is must crossover and above EMAs -> Bull is enough creating a Divergence. - RSI of Point B > 50. 3. Point C: . - On chart: Price lower but RSI higher. - RSI of Point C is above Oversold zone.
Hi friends, I hope y'all had a fantastic weekend ;) Today, we're looking at a possible bullish trend that's derived from the monthly time frame. On that time frame, the price closed with a bullish reversal candle pattern in the double tops accumulation phase after previously bearish breaking and not retesting the patterns neckline together with the ascending...
$IXIC Nasdaq Composite now vs. then 2021. Notice the resemblance to channel support/resistances aligned with the bubble spike above channel between the two charts and then notice the 8month MA (yellow) vs. 50month MA (red). The chart is extremely earie, and you need to take notice. Current: Then (2021):
Double analysis on EUR/USD. Analysis 1: What we see right now on the weekly is a false break setup below the monthly S/R zone. Which means that price will bounce back inside the range and target the weekly upper zone. Analysis 2: Price broke down and is now re-testing the zone and will continue downwards to the lower weekly zone. Until I can see a more clear...
Based on the current breadth moves, it is highly likely that the bear market has ended. However, it is highly unlikely that the price will continue rising for many years to come considering the projected persistent inflation by economists like Roubini and El-Erian. Based on the similarities between today's price action and the 70's this idea is based on the...
US30 shows a reversal pattern so we can take a long position.
Looks good on chart. Tracking for short to mid term. *Not recommendation. Please do your due diligence