Is it possible to guess the next news from this chart? In my opinion, this table says that Trump will soon overcome the disease and a large amount of stimulus packages will be released soon. If so, let's evaluate this.
I know we posted a long. On here. Free channel milked the long then took a short. Closed for Friday NFP.
Looking now we have potentially a short position coming up.
Trump got covid, but shared he is doing well, so reduces the chance of uncertainty which then some fundamentals point towards gold going down just like the charts.
Remember just because we post...
Trump covid case was what triggered the short term downturn.
The day Trump exits quarantine we also have futures expiration...
The markets till then can correct to that point and also test SMA200 in the excuse of trump health uncertainty. At the same time all retail robinhooders will be terrified since most of them hold long positions forcing them to go vote for...
$WLL zooming in H2, my 1st TP of $3.40 is still valid I think we need to fill the gap, cool off, consolidate 1st maybe in this triangle I drew maybe not but consolidation is needed after 200% gains Fam. Keep the corse 1st TP $3.40 2nd $7
We saw Dow Jones fall to the right level due to problems with coronary artery disease.
That is, before Trump's presidency.
Let's see what this smart businessman has to do with American economic indicators!
Will it again prove to the world that a tough trading president is wrong?
I believe we will get either a blow-off top in the S&P or a fundamental event that kills the expansion, sending price below the magenta rising support line.
If the Fed is too slow to expand the balance sheet, then stocks can correct significantly until the Fed eases adequately.
If Trump wins and the Fed expands their balance sheet in 2020 at a fast enough pace,...
$EURUSD is setting up for a massive rally in wave 3. Wave 3 should exceed the high of wave 1 and might advance 1x or 1.618x wave 1.
Price is sitting at a critical confluence level comprising of 61.8% Fibonacci retracement of the advance, and wave (c) equal 0.618 x Wave (a).
I took a loss on last week because I was initially labeled the correction as a regular flat...
welcome to another free signal!
Important: News from China caused a rising stock-market.
In terms of correlation this move caused a fakeout for gold and could
cause a continuation of sell-pressure until we see Trumps next tweet. ;-D
GBPNZD, -has just broken Daily EMA200 & retrace to reject EMA200 to act as a dynamic support.
-broken 0.5% Fibo and retraced back to 0.5 level so there's a high chance of it bouncing right off to head towards the next level of resistance.
A buy stop is placed 10 pips above current resistance level on H4 , waiting the breakout to capture 50-100...
Running two shorts atm - 12079 and 11919
After yesterday almost flat range (kinda) of the DAX, I opened an extra short on top of my 12079 -
Opened one literally 2 mins before Trump was tweeting , but even without that I was looking too short.
Due to the news, it is hard to find the bottom at the moment. so my sentiment stays bearish - and a possible drive through...
When's a wedge a wedge and when is it a pennant formation?
To answer this question:-
#1 The wedge occurred post a trend-break which from experience is usually an ABCD down move at the minimum
#2 The wedge is situated at a key interim support level (note the key SSR level at 2800)
#3 Price action is now clustering below a new SSR level
#4 Price action tried...
We broke the triangle in favor of the US dollar.
If the US/China trade talks go well on Friday we could see a come back from the MX peso.
However, if we do not have good news on Friday, we could see soon the USDMXN around 19.50.