Recently Global Markets had experience some unprecedented fluctuations amid pandemic-endemic transition in a growing geopolitical conflicts between Russia-Ukraine, sending NASDAQ:QQQ slightly to bearish market earlier in March 2022. Later in the month, the trend reversed, breaking 200MA resistance. We anticipate the market will remain volatile for the coming...
Here we are after a massive 9 day rally at the moment of truth. FOREXCOM:SPXUSD This where we find out if it is a suckers rally and we are heading lower or a major low is in and we shouldve been long from 2 weeks ago. Bearish option - We have had a 9 day rally and everyday has had lower volume from the 15th of March spike low. This is not Bullish at all. We...
SPY reached the lower pitchfork line (set to Fibonacci level 1.5) a few bars ago and it's likely to bunce back up.
BTC now drop below support in triangle on 1 hour chart. Always plan your entries based on BTC movement in order to maximize profits. US session opening in 1 hour, so eye on DOW and others for if we see bounce then will reflect in BTC. According to my chart yesterday $42.8k - $43k is real possibility and good entry zone for if DOW recovers.
The S&P continued to display plenty of volatility last week, where we saw a strong move to the downside, breaking through significant levels of support. Price did appear as though it was going to continue its descent, but the buyers were able to reverse the direction of the move, ending Friday with a big bullish candle on the daily timeframe. The 50 simple...
I had already created a setup for First Solar on 29.11.2021. This was stopped out with a loss of approx. 7%. Now a new buying opportunity arises through chart analysis. On February 14, the price formed an Inverted hammer (not perfect), which often appears at the end of a downtrend. Yesterday's price formed a Hammercandle which could indicate rising prices....
If the count is correct it is time to turn. Not a trading advice. The confidence stems from abc and wxy structures + I expect gold to turn lower which has been negatively correlated lately.
🟢 Bitcoin is now trying to hold above the 39000$ area. The first resistance is 39500$ and 40500$ area and the major resistance is 41500$ to 42000$. Let's see what is going to happen after the Us market opens This analysis will be update 📅 02.21.2022 ⚠️ (DYOR)
SP500 indicates that further downside is possible until the market reverses. in a few days, I expect more clarity with either wave b having taken shape or evidence that wave c is done and the local bottom is formed.
Time for the update on the US markets. Those who follow me know that my analysis disregards any fundamental information or news and is based purely on a technical picture. Despite the turmoil in the markets, next week we can see a bounce in US stocks. This is not a trading idea as it goes against the trend and there is no tradable pattern formed yet (at least...
#US30 Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
I continue to see the same vision every time i open the chart. Maybe a different pattern, but the global vision is the same, possibly we will see a retracement and then, if the price don't fall over 4.000, a bounce. What do you think?
The DJIA has been moving in an upward channel since around mid-June 2021. Recently the index formed a long bullish hammer candle that successfully confirmed a significant support area of a rising window/gap at 33,175 (this is called the cluster of candles). All the last week candles closed over the lower boundary of the rising channel and the 0.236 Fibonacci...
My view for the coming 6 months for DOW JONES To be updated weekly base lets the price how will take us.
I spent a lot of time trying to frame this for everyone so I hope you all gain some more perspective from this. How low will we go? I'm pretty sure the game of musical chairs is over... Hope you're not planning on the housing market going up forever either... I don't know how this is gonna play out but I'd suggest diversifying your assets. It is most likely that...
Ummm Guys.... Guys!! No seriously! Guys!! Alright I'm out. GoodBye. Clearly the (tech bubble + housing bubble) formed a flat pattern and we just went up and retested the lower boundary......ummm....... Bye Bye. Everything is lining up to where it makes unbelievable sense that the market will crash soon. PREPARE FOR THE 3RD DEGREE DEVIATION TO THE...
Current APPLE trade in 173. so buy near support zone at 170 & sl at 167 . Target - 192
Disca has been dropping since March and has now reached an Ichimoku support on the weekly chart. My support is based on the flat side of the cloud. Quiet good risk/reward play . One could buy at the current price level with a stop between 24.90 and 23.5 depending on your risk tolerance and sizing. My target is between 32 and 35 as you can see on the chart....