Where to start? The loss of $900,000,000 a year? The loss per share of $9.02? A growing impatience and anger with Lyft drivers? I believe people must have thought that Lyft would pop at IPO but its been declining since going public. Except the same with Uber, as they lose almost double that of Lyft every year. Ride-sharing companies are not a sound investment and...
The GBP/USD currency pair on the 4-hour time frame has been following a downtrend recently. The price dipped below the key support level of 1.30000 on 5 April. The price recovered quickly above the 1.30000 level with more than 50 pips jump but the recovery attempt was weak as the price failed to breach the last resistance level of 1.31979 (High of 3 April)
• Investors are focused on the Fed to see whether the central bank will affirm its commitment to “patient” monetary policy and for clues about the likely path of U.S. borrowing costs.
• We have numerous announcements coming from the FED tomorrow morning at 5am (AEDT), we are expecting interest rates to be kept on hold, however the ‘Dot Plot’ could...
• NZDJPY is capped in nearly a 5 year negative trend since December 2014.
• As you can see below there has been a large sell off as the pair have reached the cap of the negative trend line.
• Looking closer there is a TREBLE top on the daily and 4 hour candles.
• FIB retracement tool is suggesting 75.25 as the first target level which is over 100 PIPS away (61%...
Based on my calculations I derive a negative open on the J200 -249 points.
The UK market finished weaker yesterday.
US markets ended mostly lower yesterday.
Tencent trading down -2% currently.
S&P and FTSE futures pointing lower.
Traders should look to profit from arbitrage opportunities between the ALSI open and the J200 open based on our caculations.
When markets go down sharply, like the fast drop in BTC after the Coincheck hack, they tend to pullback and eradicate any losses in the following 24 hours.
But even if you know and expect this, you have to follow price action rules and wait for long entries.
How could that be achieved in this case?
1) Why was the market starting its pullback at 10.300-400 levels...
Spent most of yesterday buying dips from around 14050 and higher, looking to increase on a break of the neckline of what
has turned out to be an imaginary reverse head and shoulders - and again on the break above another imaginary flag
formation which was then sitting at 15500 with a stop at least 100 points below the line. So we blew 150 or so...
BCHUSD Still Negative despite bounce
BCH duly had the full-flush out we were looking for, hoping to
get long around 1180 and at 1126 with a stop 'at least 10
points lower than 1124'.
The pin bar extends just below the last buy point by 23
points. If you got that low without being stopped out then you
win trader of the day award...close to perfect, but marred...
Pressure says on whilst trapped within the impulse wave.
Should hit 6928 soon and make a bounce...if short great - stay
that way until Bitcoin can escape the parallel on the upside,
whenever that comes (track it on 15 minute) and close out
and go long for quick bounce to old support...
That's Ok for day-traders, maybe, but swing traders are
higher time frame is showing negative divergence in rsi
intermediate time frame is showing distribution and no conviction in buying pressure and forming a descending triangle further supporting higher time frame alignment
lower time frame is showing a downtrend breaking below support and retesting on pullback
will look to enter on 130.2x area for a move down to...
Recently with Tesla, Positive news has been ignored and negative news has been exaggerated. This irrational pessimism, combined with high short interest might indicate a rapid momentum upwards swing is in order. This is especially true if Tesla chooses to announce their CPO program or their stationary storage product soon.