Good evening and i hope you are well.
bull case: Bulls stalled the market around 2040 which is important now. Bears made lower lows and broke below the triangle. Bulls need to trade back above 2040 and they want a retest of the smaller bear trend line around 2046 and then make a higher high above 2050. At 2046ish are 3 magnets: upper bear trend line, 1h 20ema...
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This week was another very strong one for the bulls. Having these kind of climaxes at the top after such a long ongoing trend is often the exhaustive end of it. But all that is just mumbling until bears show up. Bulls continue to pump this higher and that’s just what’s happening right now. All targets have been met and market...
wti crude oil
The chart and my drawn wave outlook is the low probability thesis. More probable is a continuation of the trading range 68-78 or 70-80, whatever price you find more appealing, same outcome.
bull case: Bulls still prevented bears from a strong move down, as they had the last months, after a rally and we are still trading above the daily 20ema. We...
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Last time i talked about Nvidia was 3 week ago and Nvidia at 661. Time to revisit and adjust again.
I said buy, 700 and even 800 were my targets. Market kept at it, 788 now with 823. If you made money, please leave a comment, thumps up or whatnot. I hope you enjoyed it.
Outlook
Quote from last outlook: "The thing about...
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If you are a regular reader, you know by now, that i’m the first to acknowledge and point out my errors. I’m tougher on myself than the internet could ever be. Today was another humbling day for bearish takes on the market. One would think the odds for deeper pullbacks rise with each consecutive buy climax. Not today anyhow....
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Bears making lower lows but bulls buy them. That means prominent tails above and below bars and you have to be humble about your scalps. Markets don’t go from big bull to big bear trend and betting on breakouts after mind boggling rallies is low probability and a losing strategy.
nasdaq
Bears tried all day to get the...
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In my weekly outlook i talked about the major trend reversal for most indexes since the bull trend is coming to an end and we are in a trading range at the highs imo. Markets are in the process of forming a top and confirmation would be lower lows by the bears now. Today was a good start.
sp500
In my weekly outlook i said...
All but 2 confluences align
2 confluence that hasn't aligned yet:
1. Fundamentals
2. Rejections
Compare with your own analysis.
This is a trade idea, not trading advice so please do your own due diligence before considering taking this or rather, wait for the 2 missing confluences.
Good evening and i hope you are well.
My bearish outlook or at least i gave the higher odds to the bears was wrong and bulls just kept buying everything today. Tomorrow is Opex and all markets are at big resistances again after beginning the week with a selloff. Tomorrow has the potential to be wild.
I see it as a trading range at the highs and the recent rally...
Good morning and i hope you are well.
USD/CHF
bull case: Bulls want the breakout of the triangle and bear channel here to test the 2023-11 and afterwards the 2023-10 high. The rally looks good enough that they can get it. Measured move target is right in between those 2 targets. If they can get the breakout, the market cycle changes from bear trend to trading...
Good morning and i hope you are well.
wti crude oil
bull case: Bulls still have the 80 target in sight and they are buying all pullbacks. The uptrend is weakening but i think then can get there. The 1h 20ema is holding pretty good and we are right at it. So it's a buy. The drawn wedge could get us there but bulls have more trend lines below which can hold. Last...
Change of plans guys, they are lying to you!
Fake data feeds from several brokers show intent to run highs first then drop below yesterday's lows!!
You've been warned ! Do not folllow my previous idea this is the actual move for tomorrow, straight from CB
Hughe bull trap forming during Asia, price to rally into drawn zone, dump and then recover to form the new High of the day!!
Very nice template being engineered by the operators..
stay tuned for updates
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For gold i updated my weekly chart and bears proved me very wrong. Here my quote from the weekly outlook:
short term: slightly bullish to top of triangle, invalid below 2030
Obviously they did break below big time and now bulls are doing everything they can to keep this above 2000.
bull case: Bulls have to keep this...
TANEJA AEROSPACE looks good for a swing trade.
Coming out of 9 days old consolidation - Bullish Penant - Trend continuation, will be confirmed with today's close of Morning star Reversal. Entry can be in the range of 346-356.
Target 1 - 380
Target 2 - 425
Target 3 - 480
Good evening and i hope you are well.
Today we witnessed a perfect bull trap above the recent new all time highs for US markets. Here is the most important quote from my weekly outlook i posted yesterday:
We already ranged at the highs for some time now and for most indexes it’s just a higher high and now i expect a major trend reversal. Hence the title, the...
Hello folks,
OANDA:NZDUSD is one of the pair I have on watchlist this week.
NZDUSD has been trading within an ascending channel since .
Price recently tested the 1HTF supply zone at 0.61584, a potential resistance zone.
From Daily Timeframe:
The pair is currently in a consolidation phase following a downtrend. We're expecting a continuation of trend on this...
