And there you have it! Bears can finally rejoice and celebrate the "sell off" in U.S. equities. It was a much deserved breather the bulls earned after posting historic numbers in the month of April. The weekly close though, wasn't so hot. Especially in terms of candle disposition. Today we review BTC and QQQ.
BTC Nailed It!
Whoever said crypto was not...
We need a correction in the short term, whether we're going on to make new highs or lows. So the orange line is currently in play.
IF we are indeed in a new uptrend and going to make higher highs, we should see major support around 7,500 (which still implies -10% over the next couple weeks). And a 3-wave move on the downside
IF we are continuing the downtrend, we...
Today, U.S. equities ended the session on a bearish note. Confirming the move down, cryptocurrencies also pulled back, erasing most of yesterday's gains. Markets continue to move in lock step, and until that changes, we should continue to treat equities and cryptocurrencies correlated. On today's post I am looking forward at next weeks earnings report for SQ and...
Hi all,
Not investment advice,
Dont wanna talk too much just related link given below (18 March graph of DXY big picture)
As explained before B breaked to A wave then sharp shadow has reacted.
Good luck
Harmonic Trader.
I'm just as astonished as the next guy, but the techincals are very bullish. SPX is perched comfortably above the .618 from its ATH - a level many expected to reject the price - barely even nudged it. We have a confirmed Head and Shoulders reversal with the neckline break here. A break back under the neckline, and particularly the right shoulder, would look like...
Nasdaq officialy broke the 8950 strong resistance heading to 9250 parameters ofcourse after short bearish reversals, However as you trade make sure to watch the break of IBT. Please if you love my ideas support me with a LIKE, FOLLOW and also share your ideas on this particular pair too. Also always apply proper risk managements thanks!
Hi all,
That is not investment advice,
DJI is the leading indicator of this recession rather than NASDAQ, SP500 or other big stock market on the planet. everyone wants to guess where the reaction of the first sharp fall will end
Other stock markets are going to track captain a.k.a DOW
Look at that diamond formation 26700x is 1 month strong resistance..
End of...
