VIX has been replicating 2008's sentiment 1:1. And has now retested the bottom - Ofcourse it can still consolidate or visit some local new lows but overall the idea is to keep this range - and go for the final blow. Bearist for stocks.
On the H4 chart, the overall bias for DJI is bullish. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. Looking for a pullback buy entry at 31187.32 where the 38.2% and 61.8% Fibonacci lines are located. To add confluence to that area, there is a market gap that looks good to be filled. Stop loss will be set at...
Hi there. These are my thoughts on how the markets will play out this week. In my opinion this is another bear market rally that is targeting trailing stops between 3950~4000. We are below the 200ma on the 2D and below the cloud. Taking this into consideration and the fact that FOMC is Wednesday and will most likely raise rates another 75bps I can see the...
On the H4 chart, the overall bias for DJI is bullish. With price tapping onto our buy entry at 31969.69, where the 50% and 61.8% Fibonacci lines are located. We are looking to take profit at 34293.93 where the 100% Fibonacci line and previous high is located. We have a pretty safe stop loss set at 30081.25 where it is slightly below where the 61.8% Fibonacci line...
EUR/USD 🔽 GBP/USD 🔼 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔼 XAU 🔽 WTI 🔽 Despite the monthslong process, the drama between Elon Musk and Twitter is far from over, key executives were fired, and alleged conversations were leaked. Meanwhile, Twitter’s stock price is mostly trading flat at $53.70. Major U.S. stock indexes have extended their gains by more than 2%. The Dow...
We could be at the last bear run on the DXY until we see more damage in the usd makets. If we look left, we have just completed and abc zig zag which transformed into a new abc zigzag to the upside which may turn into one of the abc flats depending on price action. The party is still going on which is cool but be careful because there is work in the morning lol....
The Dow Jones is leading the way for the three US indices by being the first to recently break and close above the daily 200 simple moving average. There was a previous break and close above the 200 simple moving average back in August this year but this proved to be a fake breakout. Only to see price decline by 16%. This recent move up has been more impulsive...
I'll start by stating, I’m a fan of NIO, and I’m not looking to shit on it at all, this is all purely TA, I haven't factored in any fundamentals (please comment with any you're aware of - sharing is caring! :) ), this is purely an outlook for long term holders, but also with a scope for my fellow day traders who might want to note the more longer time frame levels...
Given the deteriorating conditions in the market/economy, by sometime next year we could reach the $220 level, buckle up and enjoy the show!
According to touching the monthly floor and the formation of wave A correction, we expect the formation of three waves b, and after that we will have a rise to form wave c, and then we will experience the fall.
Since DXY is governing what happens in all other markets, I think that it is worth a deep analysis, and this is what I expect for DXY in the coming days/weeks. If this scenario plays out like this, then we can do basically the opposite for crypto and stocks. Sell crypto and stocks when DXY is going up and buy crypto and stocks when DXY in a downtrend.
It is possible that we'll see a rebound on TSLA and other tech stocks, but bear in mind that this is only possible if DXY has a good correction. If this correction happens, this is what I expect to see.
GAIL - The BAT harmonic The harmonic is active. Target = Point D. One can buy futures. 1 lot = 9150 qty. Stop loss = point B
In both the 2018 and 2020 bear markets, the S&P500 index price reached new lows when it entered Cosmic Gravity "Support Channel" and reversed (🧐). After another repeat (😎) can we say that the bear market is over?
After trading in a lower low pattern for almost a year, Consolidating in a range for 3 months this scrip is trying to move up. It has formed a triangle type pattern and trading near resistance. on a successful breakout and re-test the stock may give a good move. Keep this in radar and trade safe.
Till the time 2750 was a strong hurdle for TITAN, Price tested multiple times and now there is a high possibility of good breakout. Keep this in radar
The daily chart shows the 100- and 200-day MAs are one track to cross bullish. This one is special considering the bear cross of two confirmed in June marked a price bottom. A bull cross after a failed bear cross often brings solid gains. The stock has carved out a bull flag on the monthly chart.
Mindtree looks south after facing rejection at the 61.8% Fibonacci Fib resistance fan. MACD is about to flash a fresh sell signal. RSI below 50, looks south The share price could slide to trendline connecting May 26 and July 14 lows... But avoid being tooo ambitious on the downside as the ascending 100-week SMA is located at 3,156 and ahead of the trendliine...