zimeaBlue

zimeaBlue

max pain running 500 simulations on weekly chart is a +/- 30% move in PFE for the end of the year. earnings could be spicy on this one.

zimeaBlue

Perfect 0.618 retest on wave 2 and 1.618 on wave three similar to wave one. If we bottom here at the 0.5, then the final impulse wave should also be a 1.618.

zimeaBlue

Recent moves in risk assets like Eth and BTC have been nearly 1:1 correlation with offshore Chinese Yuan strength. A new narrative is building where the west is in a credit contraction period while China is credit growing. This is due to more stringent credit policies after recent small bank failures in the US. Given BTC and ETH deep correlation with...

zimeaBlue

Update from previous idea. Risk on seems weak. Megaphone pattern is clear. Retest midpoint and decision point.

zimeaBlue

Megaphone pattern can be clearly seen. A short term retrace to first high before Bitcoin can break 26000 again. I would be loading up around 24300.

zimeaBlue

Looking for retest of lower channel before making a decision to long or short. There seems to be some momentum to this move but the FED could step on this rally easily next week.

zimeaBlue

Looking for a retest of the lower channel on the pitchfork before confirmation lower or higher.

zimeaBlue

Correlation between bonds and stocks has stayed strong throughout this bull run. Everytime it diverts it is a good time for an entry. This bull-rally now has no legs.

zimeaBlue

Macrotrend going to negatively effect all stocks. Energy is not safe.

zimeaBlue

Historical support/resistance can be seen on the chart around 101 and 120. What can't be seen is in the 70's DXY reaching 156 from a supply shortage accompanied by high inflation similar to what we are experiencing today. The Dollar is the world reserve currency and should not be discounted on intraday swings. This bull run is nowhere near over.

zimeaBlue

It seems we are heading towards the dot com bubble highs. This is great support and will serve for the next build up.

zimeaBlue

Pepsi has key earnings this week which should receive a nice tailwind from it's RSI setup. The 100 session RSI on large timeframes indicate the stock is highly oversold relative to usual times. Historically, such levels on the RSI produce a 15% rally in the following three months. furthermore we are trading at the bottom of a channel, giving me further confidence...

zimeaBlue

A clear Diversion can be seen from the RSI and the recent price action. This suggests a near term return to lower prices as current ones are not supported by volume.

zimeaBlue

Megaphone Pattern can be seen clearly across multiple timeframes. We seek a restest on support and then a breakout of the current pattern.

zimeaBlue

Hope everyone is safe during these volatile times. DXY seemingly completed its leg down and now looks to revert to its mean. A safe trade is using pitchforks mapping targets for where the mean reversion could rally to. Dollar strength is also supported by the overall macroeconomic environment.

zimeaBlue

The 2 year treasury bill yield has a well known high negative correlation with index prices as it represents the risk of short term capital allocations. When 2 year yields drop, stocks rally and same in the inverse. This is also true with the DXY, which represents the dollars value against other currencies and assets. When the DXY drops, the other asset tied in a...

zimeaBlue

DXY just posted a telling candle indicating it wants to continue the downward slide to 110 and possibly lower.

zimeaBlue

Apple has been getting killed in recent trading days. Thursday going -5% and Friday -3%. In total, just this week Apple has declined roughly ten percent and evaporated roughly $200billion in value. Luckily, the selling is seemingly at its relative lowest as can be seen with the RSI divergence from its 50 day RSI to its 200 day. Shorter Duration RSI moving far...