TGIF is a framework coined by Inner Circle Trader (ICT). It is a Friday setup most common in the New York session after all red news is reported.
Throughout the week, SPX500's price was steadily growing. This is essential for the setup, as we want to short from the High under the expectation that the market won't close at or near its maximum price.
Looks like EURCHF has a recent double Equal Highs in place.
Today, it went below the last significant Low which may have been just a stophunt.
If there is some form of fractal change of character, I will be very confident that we will hit Equal Highs before breaching the Invalidation Level and continuing lower.
I marked "Nearest Structure". After we get above...
I identified run-on stops above the current price. It's fairly recent & and I don't believe we need to approach it again.
On the downside, there is a Daily Equal Lows area. The latter Low is a couple of pips lower than the earlier Low which goes slightly against the analysis;
But EURUSD, a highly correlating pair, has its own Daily Equal Lows area...
The price reacted to 0.85 with high resolution, but not before taking all potential stop orders around the area.
We are on da way towards .86 where lies what seems to be a Breaker also acting as a Rejection Block. This block was part of the last top-side stophunt. Hence, there is no reason to go higher again.
Potential Target can be identified clearly from...
They may not be absolutely correct (although I think they are). Instead, this is how I build my "example book". All are selected between January and Today, but the setup is more frequent than that. These are picked!
There will be more posts like this from other pairs.
SPCE is an interesting stock. For what it is it is able to generate massive hypes. I was trading it back around when they went to "space" for the first time.
I think 4.0 will be good as a technical level for a short term bounce.
The examples occurred in a range from 2.5.23 to Today
They may not be absolutely correct (although I think they are). Instead, this is how I build my "example book". There will be more posts like this from other pairs.
Netflix has traded into the 400$ price level and immediately reacted. This is a historical resistance and is likely to trigger temporary drawbacks.
I would hold for a couple of days at most. This is otherwise a relatively legit company.
Target became the next Target of Republican-affiliated boycotts.
It is spreading across social media in a similar way Budlight did.
I believe it is worth considering to short now as it is unlikely it will regain previous levels. The situation is developing too fast for anyone to be buying it now.
I've been watching the situation in the US with interest for the past few years. It seems that the customers are slowly creating parallel economies - one for Democrats and one for Republicans. The people are rich enough so they can afford to choose products from a company that shared their beliefs.
So far it does appear that Republicans are better able to...
We are close to the EURJPY's recent highs and at the exact level of 150. Financials have a tendency to react to such numbers and unless the sentiment went through a major change, this will be a good level to short from.
Following the boycott of Anheuser-Busch's Budlight, it dropped initially, then went sideways from there. The consolidation range is now broken and I believe it is going down.
Seeing social media, I don't see this boycott ending anytime soon, many people choose not to drink the beer for life. A few extend on to boycotting other Anheuser-Busch products too....
On Friday, all developers closed in red, some experienced a more significant drop than others. DHI and LEN have already fallen below the previous month's high, so they would be my best short candidates.
People are not going to be buying houses with mortgage rates through the roof. Multiple researches say the publish believes it is a bad time to buy a house.
Target is another US company that became politically active and may have triggered many customers in a similar way BudLight did. I would avoid shorting it due to the technical outlook.
The stock consolidated for almost a year now with 158$ being the pivot point. We are below that price now. While I do believe that the downside potential is significant, the stock...
Super-smart marketers at Cors launched a man-bashing ad back before Budlight's debut. Only a few would pay attention to it in today's environment, it isn't that shocking.
However, due to Budlight's wildly extreme that sparked a total boycott of the brand, fake beer consumers became a lot more sensitive and a couple of months old ad started circulating on social...