Price has formed a double top formation at the all time highs, & is now forming a bigger picture head on shoulders reversal pattern. Price has now broken the double top neckline & retested with a sharp rejection, pushing price back below mirror level support. Watching for a pullback to retest broken support as new resistance for price to then make its way all the...
i think this week will be a slowwwww week. All the investor waiting for trade war tariff direction due on 15th. wait confirmation for next move.
The corrective structure on EURUSD is becoming complex! This is expected as the currency used to mimic one another. GOLD and SILVER are moving lower in the short term so EURUSD should at least wait for them before heading higher. The retracement seems to be unfolding as a double zigzag Elliot Wave pattern. This gives us the opportunity for a short term bearish...
Donald Trump set December 15 (this Sunday) as the date to impose more tariffs on China. If this date gets pushed back - or a phase one trade deal is achieved - Copper could move up to 3.0 on the prospects of more demand from China
Price reversed from wave 2 low and broke out of the descending trendline in a five-wave pattern in wave (i). The subsequent move which is unfolding as a zigzag pattern has the potential to find a bottom within the blue zone comprising the 61.8% Fibonacci of the impulse, a retest of the broken trendline, and wave c will be equal 1.618x wave a, at the same area. If...
Price broke down from the 1480 level due to Trade news and NFP News. The price broke through the liquidity region and closed below on the 4HTF Strong support is at the 1450 level, as the price consolidated in that area for a few days before breaking up In order for the price to move back to that area, a liquidity grab for volume is required to push the price...
China stock Baidu is way down for the year and dipping this week on trade war news, but the company's earnings outlook has recently improved, with strong positive surprises on the last two quarterly reports. Based on analysts' revisions of the forecasts, I think this stock could see $200 per share again within the next two years. I should note, however, that...
In today’s market insights I talk about Trump’s latest comments surrounding the US-Sino rhetoric and why they have triggered a full or partial recovery in risk assets! Watch me analyse risk vs safety using Elliott Waves, as well as the incredible surge in the British pound! It seems that BoJo’s chances to win the elections are cracking fresh multi-month price...
According to the CICO report and Cashflow indicator, the selloff began two days ago. Hello friends, its been a minute. I try not to overwhelm you with daily noise. My intent is to give only important information. Trust me, if you heard from me everyday you would be annoyed. According to the CICO 13 MA on the daily chart, we had our first red day in about a...
Gold was recently looking really bearish as trade news started to flush out of the US that did not look to good for the remainder of the year and the schedule they had planned. A double bottom formed on Gold at $1447-1450 where price rallied and nearly hit $1490 on its way up. The idea here is that there is strong resistance at $1485-1490 based on the low volume...
One of the best long-term performers in the stock market is the semiconductor sector. With a strong likelihood that AI will change the world in the next 10-20 years and disrupt every other industry, there are big profits to be made in semiconductor companies that are heavily invested in AI research and provide the processors to power it. That said, the current...
Observe this red line, if daily close below it, still is sideway. No way to shoot 90 pips for short period.
i believe today movement is fake break out resistance zone. RSI already shoot over 80. More seller will come in soon.
hardly predict for gold sometimes. At this moment, i still seeing is downtrend. But negative news for trade war. If day TF break 1480 level, i think it will continue up to next level. temporary i will shorting it first, SL 1482-1485. TP 1475 TP 1463 TP 1453
In today’s market insights I talk about the massive Trump sell-off seen in the markets following his comments that a phase 1 trade deal could be now dragged later than the 2020 election. Gold and Oil were affected by the pessimistic rhetoric as participants received the delay announcement! The yellow metal appreciated while Crude oil jaw-dropped days ahead of...
TVC:SPX Looking for an SPX long entry of 2975. With trade talks looming from the president it is good to sit and wait for a market pullback for re entry. Both the fundamentals and technicals line up. Ascending triangle based on recent Daily candle trend and a bounce off of the 200 EMA.
In general, Monday began quite peacefully. China has been non-aggressive in its response to Trump who has signed into law a bill that supports pro-democracy protesters in Hong Kong. And it seemed that we were waiting for another boring day. However, Trump once again showed why we prefer the sale of the dollar for a quite long time. He began the day by accusing...
We see the Dax moving lower towards 12500 as long as it consolidates below the key support level at 13172 as global market mainly drop on the back of Trump imposing steel tariffs on Brazil and Argentina. There are fears over the impact tariffs and trade wars are having on the global economy so we are look out for key data releases next week ending with non farm...