the health services and health technology sectors were the first to receive investment and bullish speculative pressures as the dollar fell
that is, drugs and vaccines never go into crisis .. even LLY has never even dropped below the 200 daily moving average this year, like very few stocks
and has now confirmed a bullish symmetrical triangle, I buy now and on GAP...
I think DXY may lose some ground in the next few weeks, to where no one knows
against NOK there seems to be one of the clearest patterns
a descending triangle, confirmed by the volumes on NOK Futures
I expect a clear break below 10.40 and confirmation volumes on the futures, even if on the descending triangle they are not essential
the weekly inverted triangle did not have adequate volumes, in fact it reversed immediately, the weekly supports held up and the One-Day-Reversal of October 13th indisputable, in my opinion it led to the completion of an H&S yesterday, it is however an operation against the trend higher, if I do it is low risk
the markets are still all inversely related to DXY, so it's useful to see how it performs, whether or not it holds 110
on September 28, October 13 and October 21 there were huge dollar sales, higher at the time of the covid
highlighting positivity on speculative markets, which could continue if the DXY does not hold 110
although in my opinion, we are still in an...
with dollar sales started on October 13th, BTC was also bought strongly, yesterday I think long positions started on October 13th were closed, but I think not all, I don't think it is enough to stop a bullish push, if today it closes above 20,500 with highs volumes there may be a breakout confirming a correction up to at least 22800
there are many bullish trends in the absence of volumes right now
aside from the Energy Minerals sector there are confusing price actions
BA is similar to many others, a rebound in 145 zone and a bearish break of Wedge and moving average would be interesting
it seems to be forming a diamond, on the weekly it looks like a symmetrical continuation triangle, there is no resistance on the weekly, the two gaps of Nov 20 and the island reversal of the end of March 21 could help in establishing a BreakOut
I also don't rule out a bearish reversal H&S, the volumes initially made me think about that
a break with high volumes of 55.30 can bring a first target to 48.5
but it must happen with high volumes, we are based on a channel started in November, i.e. a bullish break above 60 can lead to bullish targets
on October 13th there was a One-Day-Reversal, which is leading to lateralizing the speculative markets, I see QQQ (i.e. nasdaq) which can go up to 290, but the major trend remains bearish, although some stocks are recording increases and highs, stocks start to unwind, meaning DXY is no longer a safe haven currency and optimism in some markets is starting to...
the current formation is a potential Broadening, with 5 rallies, but I find a Broadening bottom strange in a current economic situation and in the bottoms are rare and not even big enough to reverse such a trend
in my opinion it is more likely that at least one more rally will occur and become an inverted triangle of bearish continuation
the weekly supports were not held and the weekly ascending triangle failed, we are in a bearish trend and a continuation H&S is being completed, in which case I anticipate the entry because the neckline is tilted down, moreover the shoulders correspond to the Gaps of the February 3, the targets are 90 and 85
I enter with little because it is very small and the...