Technical Observations:
Pattern Recognition: The chart exhibits what looks like a cup and handle formation, a bullish continuation pattern, suggesting an upcoming rise if the pattern completes with a breakout above the handle.
Resistance Zone: There’s a clear resistance zone marked between approximately $149 to $160. A breakout above this zone could lead to a...
NYSE:GNRC
seekingalpha.com
I'm considering a strategic trade with Generac Holdings Inc., drawing from the technical analysis I've conducted and the latest financial data available. The key financials underscore a robust business model with significant revenue from Residential products, which could be indicative of a stable customer base and a potentially...
Directional outlook on Bitcoin.
looks like a weak reaction to geo-political news and outlook, I favor a weak H&S pattern playing out for the rest of the year and first part of next. Wouldnt expect more of a discount than 14.8k usd, 20025 seems to be of valuable price on the pair, :taking_a_look:
Going to add some risk free profit to a BTC3S Position. Small Hedge in price action in the case of any wBTC/USD washout. While my primary long-term view on BTC is Bullish at 19k. Watching P/a trying to balance Longs with Shorts
Seeing some flashy moves in this shiny element's market, there are signs to me that this action is related to carry trade activity amidst this potential reversal in equity volatility. I believe mkt perps are risk on to safe havens, with the Yen staying bid and Pound rally. personally I see this move in gold as a fade the breakout - for now. there is a lot of froth...
I am seeing a 'h' pattern forming implying to me that gold prices will continue to decline as more supply enters the market. No price targets on the pair but GOLD is looking like a short based on the MGI..
Nearing a pivot at $295 I have witnessed this level provide a lot of two way trade. To me I think it's smart to fade this rally as the FED really hasn't changed the substance of the current rate hiking environment I believe $QQQ will run into a supply imbalance at or near $295. SO I am buying (14)Dte Put options around the $280 strike, my strategy is to roll...
Here is risk-on momentum fading since November. The outperformance in the S&P compared to the Yen has come to a "meeting of the minds" from April '21, in my perspective. Here is the most basic scenario I can think of, If Fed is dovish with only 25bips then we could see the risk-off Yen trade fade/flatten. If we see the a hawkish 50-75bps move then the Yen trade...
Currently the SPX rallying 3% would put price back at a 200d SMA. SPX closed just below/at the 50% retracement from Russia Invasion lows to local highs.
Looking at retracement from invasion low to local high, the 50% level still yet to be tested/broken on NDQ. Currently a ~10% rally would take NDQ to the 200d SMA.
Loving the price action in the market. There has been some very strong momentum and volume along with positive to neutral news that seems to be allowing the price to consolidate a bit. We are looking at the 50 sma converging with the 200 which tends to be bullish for the markets. In addition it appears to me that we have a triangle setting up. Eyes are on this...
/ESM20 appears to be setting up a sharp decline in the coming days. A short position could be a good idea if the market is looking for a selloff in relation to new cases of covid.
