This is not financial advice. I believe $GDX will make a run up to at least $38.41, and potentially higher. The measured move is confirmed by long hand as well as Fib. extension: 1. High of $33.34 minus it's low of $21.52 (Point A) = $11.82. Point B's (retracement) low of $26.59 + $11.82 = $38.41. 2. Drawing the Fib. extension as show on the chart confirms the...
Cypher fits almost perfect so far, excited to see what unfolds. The cypher has a higher end point than the shark harmonic and the finish line is about 19k
As you're seeing on this chart - made my 2nd long entry. The first order didn't get filled. I've decided now, that the 38's % fibo retracement seem to give enough support. Would be better if the price has been touching the broken trendline below, but this setup may also work. Let's see. Good trades, folks!
IV Rank on META is relatively low currently based on historical averages and the previous earning reports have been negative. Looking to create an Iron Condor one standard deviation away from price to collect premium on the time decay as there may be some sideways trending movement
EURUSD has fallen heavily yesterday, an obvious shock from the Federal Reserve Chairman Jerome Powell speech at 17:00 GMT+2 "Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated" Source: www.cnbc.com This gives rise to retracement opportunity. However, this has to be treated with caution since there is still room for the...
It ain't over folks. I see so much hopium and happy nonsense every day here. It ain't getting any higher. Stop smoking weed and sit up straight! Fact: No bear has ever ended with VIX <40. Ain't been north of 36 yet. Fact: Y2K bubble ended on a 900+ day bear. This one looks a lot like it, and is not half done yet, only 420+ days into it. Fact: Inflation remains...
The Index has been moving rapidly upwards and over the MA50. This is an indication of Trend reversal and it will possibly move upwards in the medium-run. However, it is estimated to move as previously within a channel. That is why it is expected that it will first return to the mean. Retracement to the 61.8% of the total move is shown with the second green...
Price is attempting a retest of the white 2022 trend line. There’s a confluence of the trend line, the green parallel channel, and price level 3880. 3880 is a level I’m watching due to similarities between now and 2011 which turned out to be a fake crash year. That idea is linked as a related idea below. The confluence occurs on Friday of this coming week. ...
Trades at the most common retracement price. Risk equities may soon become less popular. Amazing how these small caps appreciated from the COVID lows. Price may be expected to seek fair valuation... somewhere in between.
Retracement to a key level creates the optimal situation to enter the market. In the picture below you can notice that the price has pulled back to the key level after a brief push above it. There was no other clear market signal that the price will go down, so this level can be sometimes the only hint for a trader, that’s why it’s significant not to miss it.
GU is following the flow, being a bit more resilient thant euro, but still, it's beeing hit pretty hard by dollar strenght. But, this trade could be taken just looking at TA, I entered it last thursday night after the wick that came to retest the 50% Fib level and the trendline, but, I still believe an entry could be made on the last daily candle. For those...
Taking Long position this trade is a B Grade 80%. Expecting chart to retrace and possibly go to retest previous highs
Looking for the quick retracement today. The dollar appreciated greatly this morning. The news yesterday regarding the CPI have an impact even for today. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com Risk Warning: Trading in CFDs is highly speculative and carries a high...
Eurousd is very close to Fib golden level in 1 hour time frame. .618--- chance of retracncement. Overall trend is bearish but we can see a little pullback from this level. Let's watch buyer and seller competition on FIB .618 Level. Venue is FIB Golden ratio
The Market moved rapidly this morning for this pair. There are no significant news announced so we expect that this is just intraday. it would be more appropriate to wait a little bit more for the market to show slowdown with a couple more bars in order to form a strong resistance. The arrow shows the potential move towards the support 61.8% fibo...
There was a shock for US OIL probably because of factors such as the announcement of Ueda, Reportedly Tapped as Next BoJ Governor. JPY pairs have been experiencing huge volatility after that. Now we are expecting retracement for the US OIL. It must be rapid other wise it will signal that it would not happen.
This week has been very volatile for NAS100 Cash CFD. Yesterday since market opening for the US, its price has fallen more than 250 USD. It might have a big chance in reversing at least 61.8% of the move. Arrow indicates that level. The 100% potential and of the move indicates the support. Should that breaks it would mean further downward move.