Bnf was bearish but the closing was above va....last 3 days va has shifted to todays low 1- gap up opening above 39200 can expect a rally upto 37600-700 2- flat opening will wait for previous days range breakut 3- gap down will only short below pdl if pa devolps A w in formation can expect a upward rally
Today is less on US30 (and its further coming losses as you can see) and more on trading psychology. Our perspective--on life and on trading--shapes our experience. We can make trading a stressful roller coaster or we can make trading a rewarding development of our character virtues. Here are three pieces of trading wisdom that have offered me the perspective...
Hello dear Traders. GY has given over 1000 pips last week and it passed through the consolidation zone. Now it lays to a strong demand level from which it can buy for a short-time correction. For those of you you want to take buy trades be cautious because the prevailing trend has shifted to downwards. The fact is that it didn't retested with respect previous...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. From a long-term perspective, BTC is overall bullish trading inside our green channel. Moreover, the green zone (10k - 12k) is a resistance turned support. We are in a correction phase, but the question is, till when / where? Let's compare this correction to the previous two...
Cotton prices have been very volatile in 2022. The three-month implied volatility on cotton is currently at 43.7% fast approaching the levels last seen in 2011. A pickup in volatility has historically been an important indicator of a change in trend. Back in 2011, Texas (the biggest growing cotton state in the US) witnessed the driest year on record. The reason...
JPY – The Japanese yen soared across the board on Thursday after monetary authorities intervened in the foreign exchange market to boost the battered currency for the first time since 1998. Nevertheless, despite JPY’s immediate uptick, analysts doubt Japan will be able to sustain a pronounced recovery in the safe-haven. Indeed, commenting on monetary policy...
Multi Timeframe Analysis Hint: FOMC crashed the markets, but there is hope Bullish Analysis sees intact bullis Harmonic Pattern Bearish Narrative: 1. It's a firesale! 2. More rate hikes for the year Growth could be limited. 3. Cypher harmonic pattern on the Daily chart indicating potential upside 4. Traders Dynamic Index signalling a potential reversal...
$ETH - Edges lower! $ETH - H&S - Taking us to 1.2k - Even when merge occurs that's in sept - Powell speech shifted the markets into gear dxy heads higher and higher rates 75 are here to continue further - data dependent. 21st sept FOMC. Restrictive policy: July print - CPI lower however just 1 data. This will need to continue to set back the hikes. Have a...
USD/JPY Fears of BOJ currency intervention are growing. Balance of volumes is shifted to the buying zone, but a strong informational reason is needed for steady growth. A price above 145 is considered a high-risk area. For a downward reversal, a breakdown of zone 137 is needed.
CAD – The Canadian dollar weakened to its lowest level in nearly two years against USD on Tuesday, as domestic CPI data showed inflation for August eased more than expected. Canadian CPI M/M printed at –0.3%, versus a consensus of –0.1% and a prior of 0.1%, while CPI Y/Y printed at 7.0%, versus a consensus of 7.3% and a prior of 7.6%.
The honey badger is notorious for its strength, ferocity, and toughness. It is known to savagely and fearlessly attack almost any other species when escape is impossible, reportedly even repelling much larger predators such as lions and hyenas. Bee stings, porcupine quills, and animal bites rarely penetrate their skin. If horses, cattle, or Cape buffaloes intrude...
In the h1 timeframe, we have seen that the usdcad has broken the price structure by breaking below the current immediate support level (higher low), and it's out of the wedge already. The support level has now been retested and rejected, turning into resistance, as a result of the small bearish candle that has formed, showing us that the momentum has shifted in...
Multi Timeframe Analysis Hint: SP500 can hit 3721.7 Technical Analysis sees two bearish Harmonic Patterns Bearish Narrative: 1. Money flow index in extended green- profit taking coming. 2. FOMC meeting looming to address inflation and CPI . Growth could be limited. 3. Anti Cypher , Anti Shark bearish harmonic pattern on the Daily chart indicating potential...
I posted about Wish a few weeks back so please feel free to check that idea out, but long story short it looks like my double bottom theory has been invalidated. This has been an extremely difficult stock to hold (my cost avg. is just under $3) but I still do not believe that the price accurately reflects the value of this stock and that it has potential to reach...
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. ETH UPDATE:-Ethereum Last week was a historic week for Ethereum (ETH), as the highly anticipated Merge took place, seeing the token become “green”. However, since...
Thought I would do a plot of what I think ETH's future might look like - I'm of the belief that ETH is currently the most important asset in the world and is a huge magnet pulling everything of value towards it - The future at this point seems quite obvious as the world is shifting to blockchain - It's only a matter of time until you start seeing important legacy...
Multi Timeframe Analysis Hint: ChainLink could drop to as low as 7.01 Technical Analysis sees four bearish Harmonic Patterns Bearish Narrative: 1. Money flow index in extended green- profit taking coming. 2. FOMC meeting next week to address inflation and CPI . Growth could be limited. 3. Cypher, Shark, Bat and Navarro200 bearish harmonic pattern on the...
This idea is a study of the top 4 US Airlines compared to inflation rates. I still vividly remember the day I decided to learn about markets and economics. It was the Friday after markets closed on January 29th, 2021 and Kevin O’Leary (Mr. Wonderful) was on CNBC debating the so called reddit short squeeze of gamestop with MA Sec of State William Galvin. With...