Nice Bullish Deep Crab completing nicely at the last price pivot point. Good Risk-Reward Ratio.
For conservative traders, you can consider waiting for more confirmation such as Double Bottom or reversal candles before entering the trade.
Stop Loss: 0.8775 (-47pips)
TP1: 0.8922 (+100pips)
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I believe US Oil and SPY will eventually fail at resistance.
SPY and Oil are at or near resistance levels now. Their alternative safety investment counterparts, TLT and GLD are also at or near resistance levels now.
Note all have a wedge formations on the 4hr charts anc are at a 'cross-roads' juncture.
Note the strong correlations: SPY to Oil, TLT to ...
Hope all your trades are going well,
Market Sentiment has to Change…
In order for the market sentiment to change for BTCUSD; HODLERS of last resort will need to Capitulate before we can move up. Which in my opinion will be extremely difficult.
When I state HODLERS of last resort, I do not mean, Moon Boys instead, I believe individuals like myself who ...
I drew these lines awhile ago. Here's the updated action. This chart serves as a companion to my QQQ charts. I'm shorting QQQ with ~75% of my short position and shorting SPY with about 25% of my short position. See my QQQ chart for detailed macro reasons I'm short, most of which also apply to SPY.
$LVGI Has been bringing in substantial revenues and most recently acquired a majority stake in Tulsa's first Cannabis Care Facility. The company expects further updates to be disseminated later this month, as the company moves forward with more developments in the CBD sector.
Limitless Venture Group Inc., Acquires Majority Interest in Tulsa's First Medical ...
Bank of Canada holds off interest rate hike. Possible bear Gartley as S2 holds and becomes resistance at .76050. Possible drop to pivot at .74285. May continue to Double bottom S1 at .73200. Oil prices finding resistance at 52.500, may begin to drop again.