Will have a good week then drop to a new 52-week low
See the chart, try the vortex indicator, let me know what you think
There is something about 98 on DXY. Not sure how to explain this yet but it acts like a rubberband. Expecting the index that jolt down from here because it's finding itself on the wrong side.. Buckle up ;)
AMEX:SPY - short then long, based on seasonality and current market geometry. Based on the last 10 years SPY rallies from 4/7 through 4/27 with 100% winning rate, that does not mean it will do it this time, but certainly a good probability rate. I would wait for a 3-5 days pull back before entering on the long side.
Like in 2008 perhaps again 160 days of wobbly waters and then a massive short..
bitcoin follow its anatomy of a bubble pattern
USDJPY vs USDCAD vs CADJPY the triangle of USD, CAD & JPY. The leaders of the FX market, except when USD devalues..
Regarding the halvening, below are my biases: 1) The Golden Ratio Macro MA's hold. We might come close to the grey MA, like in Jan 2015, but will never truly break it. 2) The halvening pattern holds. Entering into the next halvening cycle, we could test the bottom again below the orange MA, but will never truly break it, and we will ride it until we top (possibly...
Long Setup - Historical level reversal - A strong rejection prevsented 2 days ago - Current retrace and rejecting - Entry market order or pending or entry price Setup Entry#1 - Entry: 0.58048 - Stop: 0.56561 - TP1: 0.59757 - TP2: 0.64351 Setup Entry#2 - TBC
In December 2018, BTC hit the lowest price at about 3100 USD since the ATH of December 2017. Interestingly enough, that low respects the bottom to bottom cycle progression. Subsequently, BTC surged back to the 61,8% mark. It has been fluctuating in between ever since, keeping the scenario of the 3000 USD bottom intact. On the other hand, I still remember the...
Looks like a classic UC Classic Cup & Handle to me with EURCAD and GBPCAD at lower levels and CADCHF and CADJPY residing at higher levels, this C&H pattern could very well confirm its continuation of the already set uptrend. However, in the exceptional case that USD devalues at the same time and at the same pace or faster, UC would drop from where that happens,...
we have the eur hitting a strong point in market structuree so it should be be moving downward from here unless euro feds pump market full of volume and dollars to balance how the market sentiment is reacting but half way through the week should be a good time to call for short here
News being dropped on the eur today got back a few lower numbers than expected and a lot of countries being on quarantine in Europe because of the coronavirus we are going to short from the 4 hour structure line which is yellow to the monthly structure which is the brown line !