Gardener1

Gardener1

Plotting a potential timeline for the CAD to collapse with a DXY going to 125. Looks like it may peak in the summer of next year. They may be forced to jack interest rates significantly at that stage, and makes the argument for a universal basic income, tied to a digital ID. Short term ascending triangle would be the next structure to watch, with a measured...

Gardener1 Updated 

CAD finding support at first fib lvl to confirm retrace, oil dumping, DXY starting a new uptrend. Falling housing prices all bearish for the CAD. Government is extending COVID benefits, which is basically UBI, with no prospect for returning all these unemployed ppl back to work. UBI is a punchbowl they can never take back, in fact, Canada may lead the UBI...

Gardener1

Investors rush back to safe haven USD until we see what happens with the republicans all contracting covid. Why would people be going into risk assets at a time like this. 2 fakeouts below the .236 fib forming a potential double bottom. The risk reward here is off the charts, why not take a small position ( or a larger one ) here and wait until we see what...

Gardener1

Multiple factors point towards a fib retrace starting here, if it can hold the .236 fib at approx 1901.6. Inverse head and shoulders formation, we also had a RSI breakout at the bottom of the move. We have also potentially broke back up into the descending triangle which we broke down from. Looks like the .382 could meet with the descending trend line and...

Gardener1

Lots of traders are trapped short here, IMO. A rising wedge breakout to the downside, which has now turned out to be a fakeout, could be the short stop fuel needed for a pump. Possible stimulus package passed any day. They need a distraction from that horrendous Presidential debate. We have also cleared the .236 fib, which could indicate a fib retracment to...

Gardener1

Backtesting the breakout with multiple confluence of .618 fib, 10 MA. Dollar needs to hold here to confirm trend. Lockdowns starting again, QE is deflationary.

Gardener1

Banks are buying bonds with all the QE. There is no meaningful inflation anywhere. As the economies stimulate and move closer to Universal Basic Income, rates will start to rise again.