Dow Jones on a daily timeframe making a bearish pattern called double top aka known as M pattern The two tops on charts marked with rectangle box This +500 can be short covering Wait for Dow Jones to break its double top If it breaks we may see some good upmove in Indian stock market too Its bearish pattern can affect the Indian stock market little bit If it's...
This week is a pivotal moment for cryptocurrency. Ripple Labs is being sued by the U.S. Securities and Exchange Commission (SEC), which has accused it of selling unregistered securities. Ripple is the organization that develops XRP (CRYPTO:XRP), one of the world’s most popular cryptocurrencies. The SEC is accusing Ripple of having conducted a $1.3 billion...
The Economist magazine is always very good at predicting the future. This poster belongs to them. Today, I wanted to analyze what we weren't told. I suggest you read the article about this photo in the magazine. The Economist Article Click The analysis will look a bit similar a coffee fortune, but please try reading it without laughing:) Let's first start...
CAN GOVERNMENTS BAN BITCOIN? The rise and rise of the payment means that are not under the government control has been a thorn in the butts of all governments for the last 3 or so years. And as the price of bitcoin was storming the new heights during the lockdown rally the chatter of the need to ban/control/confiscate/tax were getting louder and...
CAN GOVERNMENTS BAN BITCOIN? The rise and rise of the payment means that are not under the government control has been a thorn in the butts of all governments for the last 3 or so years And as the price of bitcoin was storming the new heights during the lockdown rally the chatter of the need to ban/control/confiscate/tax were getting louder and louder The...
Hello, in this article I will try to evaluate the silver that everyone has been eyeing on lately. 0 - INTRODUCTION What Is Silver? Silver, a precious metal, is an element commonly used in jewelry, coins, electronics, and photography. It has the highest electrical conductivity of any metal and is, therefore, a highly valuable substance. In many global...
This pair is on a downtrend and it has just hit a horizontal significant level at 137.663. Either a slight bounce up to the previous high, however a triangle formation indicates that it might break lower past the significant level. RSI looks to be on a downtrend towards the 30.
USDCAD, 1 Hour. Elliott Wave - suggests corrective waves (we're basically at the end of the B leg at the time I'm writing this), it might form an advanced pattern to go short. But nothing is complete yet, I'll update this topic when I see changes in the market. News - RBC (Royal Bank of Canada) as well as other banks changed their mortgage rate (they actually...