We were preparing for this move all day in my livestream and were back and forth shaking out sellers at this very strong level. I ended the livestream earlier but thought I'd catch the move live for all the members who were with us waiting for the take off to happen. Here it is! Hope for those who were in my last stream got to enjoy some nice profits from this...
I did an analysis video 2 weeks ago (video linked below) explaining why price was going to continue to come down and build liquidity before proving sell-side tapering and then activating a strong buying algorithm to start moving up. That level I identified was $174-175. Today I'm updating you with a new more tapered algorithm that could be in the cards today if...
I've been watching Centrus Energy (LEU) for the past few weeks considering they are a strong company and we're in a very strong controlled selling (yellow) algorithm for some time. I was waiting for a bullish sign of reversal prior to finding support at tapered blue - which we saw last week when price was picked up by teal buying continuation. We are now gapping...
META is showing some extremely bullish signs and at the very least you can see that from all the bullish volume stepping in yesterday at the bottom of our orange range. That is confirmation for me that if we activate orange strong buying (which we did), we can expect a retest and soon breakout of this orange very tapered buying channel. Lots of profits to be made...
Orange is the all important algorithm that will prove whether we are tapering on the buy side and need to continue to build liquidity. We will need yellow stronger buying continuation to break us out of this orange taper. We now know why it hasn't happened sooner - because we've had the top of green channel in our way acting as strong resistance with orange. But...
This will be an excellent (and may I saw obvious) trade to look out for today. After a strong move post-earnings, we have already shown signs of buyer weakness at these levels. Today we are looking for that squeeze and proof of buy side tapering at the top of our yellow and blue tapered buying continuation channels. They line up perfectly and will be wedging with...
You can clearly see our tapered buying continuation purple (newly introduced to this chart). This is what is guiding price right now and will most likely be where price wants to go: This is for 2 reasons: 1. We still need to prove sell-side tapering away from teal by showing orange support. 2. That orange support and retest lines up perfectly with our purple...
This can break out of our controlled selling algorithms any day - especially as we started to see sell-side tapering via our teal algorithm on Friday. Look for Yellow strong buying channel to activate and break us out of the magenta/purple/teal algorithms which will lead us to a retest of highs at the $180-$185 level. We will be trading this today live on the...
174 will be a huge level for buyers to kick in and activate the stronger buying algorithms needed to take us out of our current teal and orange selling channels. As we've seen in the past, this $174 level has brought in tons of buyers and kicked off our previous move to ATH's. In addition, more immediately we have the $180 level that is old-resistance turned...
Here's what to look out for in order to fulfill our breakout dream and trap all the short sellers (and yes, there are a lot of them). As long as our teal tapered selling holds, we know buyers are still in control and just waiting for the wedge with our stronger selling magenta channel to break loose. Stay tuned! Happy Trading :)
This one is pretty simple to keep an eye out for - before going long we want to see confirmed tapering on the sell-side and see buyers then activate strong buying continuation as we've seen in prior breakouts. Happy Trading :)
It could happen, tomorrow, or in 2 months from now - but the chart is giving us an opportunity to potentially catch a huge move on this one if we break out of this tapered selling channel, as we saw happen before the huge spike in early 2023. Feel free to reach out with questions or comments!
The economic calendar is wild this week so I thought it would be best to do a deep fundamental dive into the USDZAR . All the attention will be on the Federal reserve tomorrow and whether or when they will pause their rate hikes. We need to look past the hype around the interest rate and the “pivot" narrative. Focus should however be on how the markets will cope...
The euro-dollar exchange rate captures the value of the euro in terms of U.S. dollars. It’s one of the most widely tracked and significant global currency indicators, given that Europe is a major economic region with a strong currency, and many international financial transactions are denominated in euros. Moreover, the euro has been under pressure in recent...
-RSI inverse H&S formation, looks to be gaining strength and passing test at 50 RSI -Downward trend (orange trendlines) was broken. Now DXY is trading in a parallel channel (white borderlines, gray centerline) and has been bouncing off the bottom like a pinball and then hanging around the midway point of the channel consistently. -MACD is curling up and...
Gold H4 On the basis the dollar breaks south of 102.500/102. We could expect a spike in gold demand/price due to the drop in USD. As always, that element and confirmation to confirm bullish bias would be seen through a break and close around 1872 (weekly key level), and subsequent retest of 1858, this is where we could consider loading up on Gold longs. Just...
While the general direction for the US Fed and the ECB are similar, their timelines differ greatly! On the US Fed (USD) front, we are days away from the next FOMC meeting (4th May 2022) where market participants are expecting a 50 bps hike. On the ECB (EUR) front, the ECB is expected to taper its asset purchase program by early Q3, before it will consider any...
Hello Traders, I hope you all are doing well. I just wanted to shoot a quick update for anyone a little shaken by the market or confused as to what's going on. TLDR: Yes, there are still geopolitical concerns, but at the moment it's not important to the market, because we've already seen the response of the world and it has strengthened relations of NATO and...