The EURUSD price has breached the critical support level of 1.06263, with volume profile confirmation indicating a potential downward trend towards 1.02570. As EURUSD is typically associated with the stock market and the USD value, this development may result in a decline in the SPY index.
Just an idea, I definitely could be wrong. everybody is talking about a 2023 recession but the sp 500 has closed 3 weeks in a row near the high of the week. Sure its in a range but 3 bullish hammer candles in a row on the weekly chart? there must be some sort of institutional buying at the 3800 level because every time we go there I see a bounce back up. I feel...
I am overall bearish this week! IMO we will see a push down on Monday, a continuation from Fridays sell off. It will be either Tuesday or Wednesday depending on Mondays candle we will see a rip up to a big resistance of 4100. Then we will make our way back down. if we break down past 1st support of 4000 we can touch 3900, If we break 3900we can touch 3700. This is...
Overall bullish on dollar!
Bearish on all other pairs!!
Looking to get a slight pullback/retest, then continuation!!!
YEAH SMALL TAKE INTO THE WEEK, LETS SEE WHAT WE GET! GANG. HAPPY TRADING.
** IN NO WAY, SHAPE, OR FORM AM I TELLING YOU TO TAKE THESE TRADES!! THIS IS SIMPLY SOME MARK UPS I WANTED TO POST SO KISS MY TRADING ASS AND DO YOUR DUE DILIGENCE!!...
Hello TradingView Family, this is Richard.
I usually keep an eye on TOTAL to get a feeling about the overall crypto market bias. Just like I keep an eye on DXY when it comes to Forex.
As per my last TOTAL analysis, we are still bearish trading inside the red channel/wedge.
The reason for this update is to highlight that the Head & Shoulders Textbook...
I had some great trades this month around the santa rally and FOMC.
Thanks in large part to the great communities in and around fintwit / tradingview. Thank you all.
I’m enjoying learning from all you experienced traders and macro analysts.
Below is a review of some of my charts and analysis from the past month:
The month started off with a very bearish...
NASDAQ:
As expected, the Nasdaq made an intermediate correction. This correction ended very quickly and we saw a direct breakout in yesterdays trading session! If the market can maintain its position above 14,225 points today, it can be assumed that we will see target prices above 15,000 points in the coming weeks!
Conclusion: With the breakout to new all-time...
Hey guys. Here are a few thoughts on the NASDAQ & the entire market - In the long term I am basically bullish, but still see some short signals that indicate a possible correction movement. The entire markets currently see no borders. Therefore, a correction after a few ATHs cannot be ruled out.
An important zone in the nasdaq chart is 13,300. A bounce at this...
This is purely hypothetical. It appears a pattern has formed in terms of periods of heavy growth and periods of stalling growth. I was able to chart all 3 majors indices in aggregate thanks to @boji1 's post:
What do you all think? Do you think the market will be choppy all year or do you think this apparent pattern will continue and we have another leg...
