Previously I wrote a brief note explaining caution for the US Banking industry as illustrated by XLF.
This is due to:
- market risk of a broader market pullback - as currently being experienced
- impact from Covid-19 variants like Delta etc.,
- the cumulation of record high bank reserves (cash) which serve to stress Bank Capital and Capital adequacy ratios....
When looking at GNW we can see it clearly trading in a triangle on the weekly TF. We need to pay close attention to this pattern and watch to see how it reacts to the trendlines shown. Overall, this is usually a bearish setup but anything can happen in the trading world. Based on the technical indicators, it's looking bearish for the next week or...
Parabolic Growth - A Quick Note
Positives parabolic growth rates occur when both Growth is positive , and the Rate of Change is also increasing - the 2nd derivative is increasing in calculus terms. Obviously, the rate of geometric growth can only increase so far, otherwise price change would increase infinitely!
Parabolic growth on daily charts and lower...
I am unsure where EU wants to go as there as a few plausible ideas.
1- price has taken flat highs, london malnipulation for new york reversal. Driving it to breach the daily low.
2- price will continue to climb higher to take the high.
With NFP Approaching tomorrow the markets have been slowly losing momentum and some liquidity taking should be expected
Daily structures don't seem to be broken aggressively
Taking a patient look at what happens today at New York open
cad jpy was in bearish momentum and went down to the 84.400 very strong demand level and cane back to 87.100 for a retest
look for bearish confirmation on lower time frame and enter short with your own money management
always remeber patience with discipline and money management is the key to success
This idea is pretty straight forward. The hash ribbon traditionally have been a great indicator of when to buy, aside from what the hash ribbon means for the network. But the hash ribbon is not a sign to get silly with margin nor is it a signal that the price will not set another low. The Covid 19 dump and the bear market of 2015 show that prices can get...
cad jpy is showing bearish momentum on higher time frame
look for bearish confirmation on lower time frames and enter short with your own money management
always remember that patience is the key to become a successful trader
What's up frens. We got a REALLY nice reversal here with what looks to be a clear break of the multi year pitchfork prong that has been acting as a SUPER strong level of resistance.
- Light Blue arrow: Strong looking V reversal pattern with 2 back to back daily buy signals from True Vibration 2.0 indicator. That' major bullish right there and if you bought that...
As a trader of 4 years, I learned Many things, but the most important thing I learned was being patience. Patience is by far the hardest thing to achieve because from my point of view, I always wanted to be in the market. The excitement, the blood rush, knowing you can make money quick and fast. That was my psychology. This problem is not only me, but many traders...
After hitting all of our targets we're now expecting a pullback and the trend to potentially reverse now previous structure is broken.
We now have a bullish ABCD completion, however, I'm not going to enter when the markets open, I'm going to watch the price action to see how it reacts to the current level/the fib levels, if price rejects from the 318 and gives...
I understand that we are in a moment of uncertainty, so I'm gonna introduce two points of view, for the ones that are Bullish or Bearish on MATIC and I will explain why I am "long" on this trade no matter the trend (bullish or bearish).
For my Bullish friends:
- I traced Fibonacci from the lowest point in April at $0.25 right before the bullish momentum that took...