The market rallied for a while. I expect the correction is just a matter of time.
My target around 3050, with expiry date for contract 10th August.
This is not a trading advice. Trading is risky, always to your own analysis.
It looks like COCOA is setting up to cool off.
I'm not sure if it'll go lower than 20EMA - I consider this a low risk trade. I don't see the market going much higher without small correction first.
This is not a trading advice. Trading is risky. Always do your own analysis.
The Daily RSI is pretty low
BoJ didn’t raise the interest rates
The market is trading withing range for over six months now.
With low Christmas volatility, the buyers might move the market to 27100- ish.
This is not a trading advice. Trading is risky, always do your own analisys before opening the trade.
With holiday comes low volatility. I expect market to stay within 7080-7158. Very likely till first week of January.
This might play out two ways:
1. Bullish scenario:
- we break above 7158, and hit 7250. (Max 7400 to form double top on daily chart and then drop to 6500 or even new lows)
- looking into Elliott Waves strategy - we could face one more wave to the...
USDCAD is in correction phase. It might take a while durirng Christmas period and lower volatility.
I think the market is getting ready to reach a new high early January 2023.
Trading is risky. Always do your own analysis before trading.
RSI pretty high for a while now. The market is struggling to break above 33900-34000.
Divergence pattern forming on a daily chart.
This is not a trading advice. Trading is risky, always do your own analysis.
Indices at the moment are untradable for me so I looked into fx to see what can be expected there.
USD has been rallying for a while, it needs deeper correction at some point. If it happens, it will have plently of room to upside.
I don’t really trade Forex, unless something catches my attention.
USDJPN has been climbing for a while now. On weekly chart it is overbought and even the strongest move need to take a brake once in a while,
Either if you look on EMAs or Fibonacci levels, correction can reach area 139-141.2.
It doesn’t mean it will but according to my analisys, most of the...
In my opinion the market is trying to find a bottom. How far it will go down, Im not sure, but anything lower that 3450-ish, will take market to very oversold territory.
Everyone is waiting for Thursday’s CPI, depending on the result this can go either way:
1. Inflation is rising - this means FED will be rise rates by 0.75 in November, strong move downside, but...
Uk100 is always the odd one to trade.
I’m expecting this to fall to 6800 area in the next two months.
It won’t happen quickly, there is a major support at 7220-7080, and even stronger support at 6950-7000.
Look into previous years: September - November are statistically the weakest months for trading. It doesn’t mean this year will be the same but I would be very...
As predicted, the market met strong resistance and was rejected.
Sp500 closed under 50EMA on daily chart, the bearish momentum very likely will continue on Monday 29th Aug, there is plenty room to the downside.
If you look at the VIX daily chart, today we had very big candle closed above 200EMA.
This is not a trading advice, trading is risky.
I dont usually trade this pair but I noticed interesting pattern in the last few months.
Based on Elliot Waves we have 5 waves following by ABC correction waves.
If the market will keep continue the pattern, it will reach 1.35-ish area and then might see bigger correction/trend revelsal.
It’s not a trading advice, Im not a financial advisor. I saw this pattern and...
That is abviously a death cross on VIX daily chart but if you look in the past last year, I doesn’t mean the trend will go much lower. We had similar thing in the beginning of this year but VIX quickly rallied and we are where we are now.
Now, that’s of the way, Here are the reasons we soon see big drop on all indices:
- Most of the indices tend to take same...
Is this a shooting start on daily chart?
The market reached 4250 and, as expected, was rejected.
It’s still holiding above 200EMA, so it might be here for a while.
I’m also looking closely ar VIX - which showed a little green today although I don’t see MACD turning around yet.
Trading is risky, please do your own market analisys before entering the market.
I’m still bearish, why?
- We’ve been having quite a rally for last few weeks. We are very close to 61% fibonacci, that will be strong resistance 4250.
- July 2022 CPI was good but the market didn’t go much higher
- we are almost overbought on daily chart
- MACD looks like it might turn around soon
- buyers are running put of steam, the market didn’t do much in the...