I've updated my analysis by making minor changes such as removing irrelevant trend lines and highlighting more important aspects such as the overall Cup and Handle pattern and converting all previous supports(in green) to current resistance levels(in red). I've also labeled the effect of the corona virus as the Elliot Wave pattern and the Head and Shoulders...
Corona Virus hysteria and self-reinforcing reflexivity correct market towards main channel.
On March 17-18, there will be another FED meeting and the interest rate may be lowered, but if they don't reduce it the markets will be hurt. They don't have much space now at 1% and the fourth rate cut will lead to zero-zero or even negative. Soon the presidential election, the correlation is 100% if the candidate wants to be re-elected and there has been a...
Doller on down trend . A bearish rectangular pattern occuered.Possible to go down more.
Hi Guys, please find above an update of the following idea posted a year ago on March 9, 2019 Medium-Term narrative: since Trump has been elected US President at the end of 2016 the dollar weakened a lot at the beginning of his term to regain strenght before 2020 US Presidential Elections. Long-Term narrative: I have some ideas but I need to outline them on...
We have a cad event today, I am in short side with good risk management
price will bounce around 25k-30k before the next president is elected. Bernie sanders will win. once stocks start to tumble the crash will be put on the corona virus and upon sanders and his socialist stance. Crude oil will dip down to $42 per barrel. you heard it hear first.
I actually dont like to trade CHF PAIRS , but its looking good for sell so i took it , lets see how will it dive in a sea
On the risk side, US10Y bouncing from the lows while Global Equities attempt to form a s/t floor. Central Bank co-ordinated policy is only a matter of time, markets have forced FED, ECB, BOC, BOJ, BOE and everything in-between to kiss the hand and keep rate cuts on the table. JPY is itching to resume dancing the same rhythm but given USD demand via month end...
After consecutive losses for Nasdaq - we have arrived at a daily level. Awaiting a upthrust to catch out the breakout traders and retailers. Once back in the zone, we will go long If the candle does not close in the zone - we will assess the rstest on this fresh area and scalp trade. Planned for both sides. Ready to take action.
The basic news background is still unchanged: the number of new cases in China is decreasing (+/-500 per day), that is, the epidemic is decreasing. But this is offset by an increase in the number of cases outside of China. And an epidemic from local is increasingly striving to become global. Lockdown in Northern Italy, panic in Iran, growth in the number of cases...