There is a seismic shift about to happen. The news cycle is about to get very intense with covid and the election. Should you take my advice?? I'm only following the chart and filtering out the noise. There are peak bubble signs everywhere you can look. All time charts are at or near peak resistance for most global markets (Germany, Japan, USA...). I leave the...
if you throw the uncertainty of today's world into the balance, such as the election results and the development of the corona death toll, you can expect some hectic and unsmooth reactions of the market.
Once price creates a new low that extends past the 0% fib extension, you would expect it the have a mirror of price reach, not necessarily price action. The original trade set forth was the new high as being the bottom and the beginning of the explosion being the full length of the trade. I has reached that and has barely made any moves under it. It was a very...
US500 - Intraday - We look to Buy at 3570 (stop at 3540) Prices spiked higher and stalled at resistance in early trade. Despite a brief pull-back lower, buying pressure resumed and the move higher continued into the close. Levels close to the 50% pullback level of 3570 found buyers Dips continue to attract buyers. Further upside is expected although we prefer...
looks pretty gnarley. especially if you consider the background noise..
NIKKEI IS HIGHER, many DOLLAR PAIRS look like they have completed their CORRECTIONS. ... Therefore DOLLAR MID-TERM Flat to LOWER. ... BULLISH SPX500 track SLIGHTLY MORE likely than BEARISH LOWER tracks THEREFORE I am preparing to CAREFULLY BUY THE DIP, (with reduced allocations of 50% ) if The OPPORTUNITY arises.
As a student of ICT, retail theory is not our thing. What I see that creates the current All time high is a liquidity run. It dips, creating a breaker, comes back up but doesn't get higher than the All time high. This is a signal for price to drop below a previous low. Which low is that? Depends on where the strongest breaker/order block is. Anyway, I was looking...
Hi All, From a monthly perspective, all looks bullish. On the daily, there is a 2 scenarios, both are bullish: a) a breakout to the upside from here and b) more ranging movement in this area, chart below before breaking up to the upside. completing an elliot ABCDE symmetrical triangle of some sort. Hence a medium macro bull flag or consolidation just under the...
DXY closed at top of resistance line and looking at candles it looks very bullish. Judging by the chart next week we should be expecting break to upside. This is the time when I take step back and try to asses situation from multiple angles. Regarding elections we have huge uncertainty in the air, judging by results we will have democrat president with democrat...
I think we just completed wave 3 down and should move to fib 50 for wave 4 and then final wave 5 down. Also coincides with ABC correction before we can continue march up. I would monitor the fib .50 level, could go to .618 or .786 even at which point, last wave 5 down/ C wave could not come to fruition. For now, let it go up but be ready to pull trigger on some +...
US500 - Intraday - We look to Sell at 3382 (stop at 3401) Price action has formed a bearish ending wedge formation. 200-hour EMA is at 3388. Bespoke resistance is located at 3385. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. A higher correction is expected. Our profit targets will be 3322 and 3302...
US500 - Intraday - We bought at 3300 (stop at 3260) A Doji style candle has been posted from the base. Daily signals for sentiment are at oversold extremes. This is positive for sentiment and the uptrend has potential to return. Further upside is expected although we prefer to buy into dips close to the 3300 level. Bullish divergence is expected to support...
From wild thoughts and testing my wave pattern uncovering, Wave 2 is in formation. This is backed by oversold RSI in day chart. Corrective shall reach at 3500's area before Wave 3 of C begins.