Looking at this from the beginning of its existence this retracement is so obvious. Just posting this for bants lets see what the last 3 months bring.
-Yurlo First of all like this post because I've put a good hour or two into crafting this one and I've decided to share it with you 👍 Second of all: I know I've made many bullish posts indicating we will pass 12500, however I've done a lot of thinking over the past day and after following price action I've decided that something big might be about to play out....
So for sometime at Trading Group 101 we have been discussing and looking to work out the next move in the stock market during COVID-19. To do this successfully you need to look beyond the initial stock charts of the major indices and view the whole financial world. So with this in mind I am sharing some charts that not many people likely view (or even know...
And so it has begun, The smoke is starting to clear and the real value is appearing in the background. I see it dropping further to 1900/1800 before levelling out into a range bound market. Lets see...
Descending Wedge....Double Top....The possibilities are endless.
ive updated my analysis from my recent (AUDJPY) post the lines show my directional bias
Dear readers, investors, chartists The chart speaks more than thousand words. This is a follow-up of my "Middleclass wipeout chart" with the DJI expectation to peak at 30.5k - this prediction was made in 2018. (it peaked at 29.7) I do not feel the urge to draw wave patterns how this correction will occur, however here is the general idea. I do not like what is...
Elder impulse, 10 day Enjoy...... Note that it trades below the 10 day on elder impulse red until a monthly candle turns green (circled in yellow) Targeting 264 for 3qtr2020
Short-term bullish, too much damage too quick. Long-term bearish, not pricing in the ramifications of shuttering the GLOBAL economy, & mountains of debt. Definition below for reference. "A short squeeze is a rapid increase in the price of a stock that occurs primarily due to technical factors in the market rather than underlying fundamentals. A short squeeze...
Technicals: - S&P500 broke a long term uptrend and now is seeing a rebound. a rebound was expected given the current level of volatility. I expect the price to get rejected at the long term uptrend line, but a throw-over is in the cards as it would be a perfect bull trap - support boxes are drawn out. these levels are likely contenders for a solid bottom since...
I'm far too bearish to make many plays these days. I can see that $600 is not a bad price for Tesla if the overall market structure continues to rise. If the macro declines, as I assume that it will, we will see Tesla stock price stifled as the supply chain fails for the production of the Chinese model Y. If the supply chain fails what happens the gigafactory progress?
When will the biggest bubble in the history of humanity go down? Did The Human race really learn out of history or were they just making it worse and worse? How much power is left to push more to the upside.
Right - so you wanna make money in these markets. All I can say is that these are dangerous times. This is certainly not ' The Big Short' any longer. I call it the big fudge. Now we're not allowed to say who exactly is doing the big fudge - cuz it'll probably break a whole bunch of laws and policies. But it's not illegal or wrong to point to a big fudge. Like it...
Doji formation in one of the most powerful zones i have in the SPX, lets see how this one plays. Meduim term trade.
new accumulation zone being created on the 4HR chart wait for break and retest of the support line and catch the distribution, my target for this trade is 3.300 Good luck, -Pauric
EUR/USD - Short looks like the (ICT) market maker profile sell model in progress. pending orders scattered between 1.16519 - 1.17244