I saw a Head & Shoulder Pattern at the top of this chart. Then I saw another one on the left side. I measured the fractals of the patterns and saw a remacable match of several price actions at similar places. The ratios were nearly the same. So i looked right. I mean on the right side of the chart and saw the potential beginning of a new similar pattern? Am I...
I started my Gann analysis here at 09/11 2023. Because after that low we had a quite significant initial move, a strong impulse. If I make my Gann analysis now I generally look which scaling fits the best with the 45° line. That is the "mean" if you want and represents the healthy trend. Here I took a 150 scling. Means a $150 move on every day is a normal...
The XLU/XLY Ratio (upper chart) is reaching a measured move target. Bottom chart is the SPX. Correlation between these charts are straight forward negative. You see it in the blue area indicator at the bottonm. Means when one goes up the other one goes down. The XLU/XLY ratio is in a downtrend and is going to hit a potential tunring point area. Are we...
What are the conditions we need for a crash? In my opinion we need to see these conditions coming together before we can say that we are in a crisis environment. History showed us that before we had a crisis we 1. first saw the yield curve (US 10 year bond yield - 2 year bond yield) inverting. 2. then we saw the unemployment rate rising. 3. the yield curve...
As long as Microsoft is above the 1x1 line the current trend is intact. If we come to far away from it I would expect a rebound. As long as we dich to the 1x1 Gann angle all good.
Often we have the same distances from the 1x1 Line before we have a pullback. You can see it like on the volume profile, where we have deviations from the PoC. Or overbought and oversold conditions Obviously these prices are too far away from the fair price.
Based on Phase 2 data evaluation we could expect a positive outcome. Information sound good so far. THese kind of news often cause a wild rally on the day. Maybe two days. But generally they dont last long. Depends on the news of course. But I would expect a pop on this on monday or tuesday. Maybe interesting for a short trade.
AT&T A high option orderflow drew my attention to this stock. One of the biggest and oldest companies in the communication services sector. At the moment on a multi year low. I guess they will make it. And this price looks really inviting for a long. Paying 1.11 dividend. My anticipated technical target for the next 6-12 month is $17-18. I'll take a shot.
DISH Network Corp. This caught my attention because of bullish option orderflows. Multiyear low. Telecom services/ Comminication services sector. Fundamentally stable in my opinion. Current price at $7.3. My anticipated technical target for the next 6-12 month would be around $12. The risk reward speaks to me. Closer to the bottom than the top.
This tire producer looks juicy. Seems like it is building an inverted head and shoulder pattern. This is generally a end of trend pattern. And looks like we build a wide double bottom with the lows in Mach 2020 and September 2022. It' worth a buy in my humble opinion. I see a potential target at €115.
Currently it looks like we are forming a bearish wedge on a monthly chart. The higher the time frame, the more important is the pattern. Because it takes time to form this pattern. It is a potential chart pattern. Nothing guaranteed.
The chart shows the S&P500 Future, continiues contract ES1!. Below you see the charts of the percentage of stocks which above their 50, 100, 200 SMA. I watch this market breadth indicator closely to see the if a trend is just based on a few big stocks or is "the flow lifting all boats". What I observe now is that we hat a similar situation in the indicators at...
Past price action is no guarantee for future behavior. Nothing written in stone. But the fundamental development is also quite similar i guess. So could we see history repeating itself or just rhyming..?
The last time we had numbers like that was shortly after the lockdown, beginning to mid from April 2020. Do we have this high inventory numbers of 19m against expected -2m and an initiative upmove in oil because everybody is expecting China to open the doors again? Or what is happening here...? Often the day after the inventories is the day where the market...
Is this the Wyckoff Pattern or something else? Whatever i see i saw often in the Bitcoin chart that there is for a specific time a recurring pattern. And it gets smaller and smaller. Than big again... What i am talking about are fractals. I dont know if i see it because it is my trading style and i see other traders trading like me. Or are that the algos?? Idk....
Many people think that we could expect an up move on DXY because of short covering (40% open interest of large specs on short positions). But on the big run I see still a potential leg down to the 61.8 Fibonacci Level here
Since a while i like to use sine waves to figure out repetitions on cycles. Specially for pivot points. Specially Bitcoin is walking very harmonic (if you are familiar with Harmonic trading). But the market is the last arbiter of the price... But my analysis, that we will see the 6400ish prices again and make there a H&S what would be the right shoulder of the...
The last 9/10 times Bitcoin dumped while mercury retrograde. Lets see what happens this time... I think Gann 8x1 Level and other things will stop- the price at about 6000-6400ish.