Tech long term looks bullish with hidden divergences supporting a bottom on a monthly basis.
Societal mood is what leads to trends in markets and even wars with other nations. As mood becomes more pessimistic as here the Nasdaq 100 demonstrates, as it fell Russia invaded the Ukraine 2 months into Nasdaq's fall from it's all time highest highs. Now as a sideways motion of "trendlessness" suggest that the pessimistic mood may be waining. Little desire to...
Most are bullish on cryptos again. Therefore we must be cautious as the HnS pattern could still be in play. Add extremely low volume and there is strong suspicion that this is an HnS pattern at play, which I mentioned way back in December.
The MACD shows positive divergence on the weekly time frame. Time to respect the divergences. As I showed in Dec 2021 they must be respected. 10 MONTHS RESPECT is what the bulls needed!!! We can not tell what will happen next but SHORT is not the thing to do.
This will be my last public chart. Thank you for your attention.
EURUSD shows significant daily hidden negative divergence. This suggests that though the EUR may have bottomed longterm in short term it likely pulls back
Like I suspected many months ago. We see the hidden divergence set up to bottom. We need the oscillators to move above 20 and it confirms we are in a long term buy signal. It likely was the correct analysis that it was a complex ABCXABC or whatever its called ABCDE.
Maybe a bottom maybe a continuation pennant. We don't know. Maybe just sideways. Best to let the market tell us what it wants to do.
USDJPY updated ideas. Right now we do not know what will happen. I suspect that it will fall but we can't be sure.
USDCAD is now on a sell signal by hitting resistance and selling off. Sell USDCAD with similar stops to mine.
USDJPY looks to sell off strongly leading to new recent lower lows. The idea is to wait for a red confirmation candle and sell that with a stop of about 20-25 pips and risk size of 1% max loss.
An idea to buy AUD would be to buy support. But we must be patient and let AUD prove itself that it has bottomed. If it turns back down without crossing resistance (HIGH) then this idea is void. Stops 20 pips below buy should suffice.
This might be the move I had been anticipating. This would be great if it played out this way. For now this is still only a premise and we need to see a strong sell off here to take it to new recent lows. A new low would support this hypothesis. The pennant idea I had about the USDJPY did not play out which is a good thing because the majority of the times a...
Possible pennant pattern at play for the USDJPY. Pennants tend to mostly resolve in the direction of the larger trend as we saw in gold a few months back. So the likelihood that this breaks down is not high and not as I was expecting. Hopefully this does resolve to the downside as I would love to see some bullish recovery rallies in all risk assets. Though...
NZDUSD hidden negative divergence suggests that the NZD will move down further and this is not the bottom. Bulls are thinking 'great, double bottom" but this suggests there the NZD remains weak and the selloff should likely continue. We need a conter trend candle (a red candle)to confirm the entry point. Stops: 20 pips or so stop. We are aiming for a lower low...
The markets remain very weak. There is no reason to buy. There is reason to sell even though the indexes have mostly moved sideways. Here is the idea right now. Sell with a decent stop near the recent 1hr candles' high.
If you thought the trading was terrible wait till you see this chart. God damn, everything has to either a. not trade at all or b. monitored every 3 seconds. The 4hr divergences trumps the 1hr. And weekly the daily etc. Sorry about this whipsaw but it's the nature of the beast.