Gold has failed to break its previous higher high against the dollar. Combine that with the fact it just broke its fib support level and lower high breaks, a good short entry is seen.
Here we go. Starting out 2023, my SPY cycle patterns show a solid RALLY phase sets up on Wednesday/Thursday. Time to get ready for a strong reflation trade to start 2023. Possibly breaking above resistance channels and rallying to NEW ALL-TIME HIGHS. Follow my research.
A weekend X-MAS rally is possible but look for a strong bearish pullback to quickly follow. >200 MA look for support before NYSE close > Rally can be as high as 16960 >4 hour chart is used for analysis 1 day chart shows a bullish signal. This is a risky trade more than likely a bull trap, but if you have an active position take the above into consideration.
we just finished the first inverted head and shoulders pattern, should we see the big one?
Can we get a rally this year ? looking at the Spy to see if we can get some clues. What about dxy?
Is this just another bear market rally? Saving this chart to keep an eye on this idea.
So on LINK on the 15 minute timeframe a nice LINK entry appeared. The most recent contraction on the 4 hourly chart was on the level of 6.895, and this area could act as a value line. An Uptrend has begun on the Super trend indicator and there is also an double bottom, Perhaps it can touch the value line again? TP1: 6.265 TP2: 6.485 TP3: 6.703 TP4: 6.895 SL: 5.790
On BTCUSDT on the daily chart there is a huge falling wedge. Bitcoin also rejected a weekly key level of 18.3k USD. It's good to keep this in mind for the next days and weeks, I feel like a small rally in this bear market could happen.
The Volatility Index (VIX) has been in a historical downtrend the past weeks / 2 months! VIX has also been moving abnormal in relation to the S&P 500 Index which it tracks Volatility in. The Volatility Index has sunk to a major demand zone, and is now breaking back out of the area. After hitting Lows of around $19 the VIX is breaking out upwards. We are seeing a...
I missed this earlier, thought it important to repost this idea, inverse H&S (HAS NOT FILLED OUT YET) potentially forming... I will watch this chart closely and look for entires above neck line for sure, perhaps get a bit crazy and enter before neckline fills.. Let me know your thoughts in the comments below!! Keep in mind friday Dec 9 PPI news 830am as well as...
I'm going out on a limb again, only because it motivates me to stretch the limits of my analytical skills. As I was perusing my watch list last week, I noticed that AMD seems to have reached a support level of 56. I've zoomed out on the daily chart to show you the huge downtrend AMD has been following for the past 12 months. If the price continues to oscillate...
SPY We had two scenarios yesterday during our stream 1.) Preferred scenario would be for the spy to pullback down to 400-398 or trendline and hold for the rally to continue to the upside. So a pullback or consolidation around this level is healthy. Just remember its December, I always look forward to the Santa Rally if you've been in the market more than a year...
Everyone know this and we are already bottom for Doge. If it decide to go further down then everything will be gone then will take months or years to recover.. don’t end up like Luna. Anyways this is a good news we are still uptrend and breakout bullish confirmation; Elon musk is doing him you know the twitter going on and still will support Shiba and doge....
Seeing some matching patterns here to put this together. Up: 1) Going higher than 200 DMA will give bulls hope 2) 50% retrace from bottom lets people think we have finished this bear market 3) Now 80% odds for 50bps 4) Roughly 60 days would be in line + 20% return 5) Favoured seasonality for a Christmas rally Then down: 6) Everyone forgot about the Strategic...
There was a big rally on the WSE recently - 16 green Heikin Ashi candles in a row. Now it's time for a continuation of the downtrend or, less likely, a correction in the new bullish trend. Why? There is: - an important supply-resistance level - a supply zone - 1-hour confirmation - Head and Shoulders formation - weekly confirmation - an ending bearish candle and...
Gold now in observable motion for upward rally in cope with EUR pairs. After presidential remarks In Europe has Inverted many pairs for a good cause especially EURO pairs.This week mostly Stocks went into a rally shortly after CPI news hit following the rapid move for EURO pairs, GOLD and vice versa as dollar falls in a strong dive as planned by the feds....
$RLY looks like it's finally time to move. As you can see from the chart, $RLYUSD finally broke out of it's downward trendline and looks poised to move higher. Once rally breaks $.02, I see a quick move to $.03 and if we can hold above the $.03 resistance, then I see continuation to $.05 where I think the end of this move would take place. A chance at 3x upside...