The Impact of Economic Factors on the Stock MarketHi there! So, I heard that the economy is in a bit of a rough patch because the FED is raising rates, there's some quantitively tightening happening, and there's a potential recession on the horizon due to a supply shock from the Russia-Ukraine war and China's pandemic restrictions.
It looks like we might be heading into a recession, which is sooo not good news. The stock market will definitely be feeling the effects if the index falls below its moving average of 200 days. It's not looking great, I have to say. But don't worry, there are still ways to protect your investments. Some technical indicators you might want to keep an eye on include the relative strength index (RSI), the moving average convergence divergence (MACD) indicator, and the Bollinger bands. These can help you evaluate the strength of the current trend and potentially identify opportunities to buy or sell.
Also, outside the SPX index there are still ways to further protect your investments. For example, you might want to consider reducing your exposure to risky assets and increasing your holdings of safe-haven assets like government bonds. Just remember to stay positive and keep an eye on the market!
Bearishtrend
LINKUSDT map for a potential downtrendThat's my ultimate speculative map for a potential downtrend anatomy for LINKUSDT. We have a reversal Head and Shoulders top in formation, which a pullback to neckline can occurs in a retest of broken dynamic trendline. If the price remains bearish, a test of the volume point of control POC can be expected. Then a potential downtrend in a parallel channel formation can be expected w/ lower highs retesting the dynamic trendline / resistance. The final target is the D point from prior Butterfly pattern.
BTCUSDT form Descending triangle Descending triangle are break both side upside and downside so, in that situation we should wait for break and retest than we enter in trade
I wrote Both possible scenario target on chart
Take trade after retest and set SL according to your Risk management
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Eye on the SPY! What I'm seeing and the potential moves.This movement we saw going in to Memorial Day Weekend doesn't give me confidence in the market reversing out of this corrective movement. There are many factors that make me think this is just a breather before we see more down trend. I will need to see more levels shattered before I see a clear uptrend. For now, I'm just playing the directional momentum, and waiting before I commit to more exposure in investments.
NZDUSD - Descending TriangleAlthough I'm waiting for my Bearish Shark Pattern on both 4-hourly and Daily Chart. I am more interested to wait for a shorting opportunity in this descending triangle setup.
Either a retest of the descending trendline or a break and close below the support line could be a sign for me to get involved in this shorting opportunity.
With that said, rules of filter and candle formation is just as important.
Bearish signs on EUR/USDHello everyone. Here we have the EUR/USD daily chart. The trend here is still bullish, but we have to keep in mind that the trends of higher time frames are bearish, and we also have a few bearish signs on the daily chart. First, as you can see, the price tried to climb higher, but after that we could see the W&R pattern and the downward action started. Also, the whole situation is not in favor of the EUR at all. There are many worrying factors that pose a big risk to the EUR and with that in mind there is no reason to be bullish on the EUR. So, on the daily chart we have a perfectly formed bearish engulfing pattern that suggests a downward continuation. From a technical point of view, strong support is around 1.0900, where we also have Yearly Pivot Support 1. Strong resistance is around 1.1121. However, I don't expect the price to drop to 1.0900 without any correction, so some retracements could happen, as always. My suggestion is to take advantage of the first retracement that will happen and find a good short entry.
LUNAUSDT - DOWNTREND CONTINUES!LUNAUSDT tried to break and stay above previous ATH twice but failed. So it might possibly form a double top (M) pattern.
On our previous post, we noted that there was a bearish RSI divergence. LUNA already started its downtrend and broke below the first support level. Next support level(s) are noted on the chart.
* Not financial advice. Please do your own DD.
Thank you for your time and support.
Warm your brains and observe dataHello everyone
In this scenario price at NZDUSD currency pair haven't confirm any fact, but it's good to have NZDUSD in our minds. This pair might be good for trading later, we just need more data, more facts, before we hit a button for buy/sell. At the moment NZDUSD currency pair is in bearish trending and bearish territory.
One interesting thing at this pair is that bulls confirm lower low level at the last swing 0.67409 where they got stable and probably they're are not letting bears to get away so easily. This explanation is mean for 4H timeframe.
If we are following price from very start where last territory started, we can see strong bearish movement where red zone is marked. Things got complicated ones bulls snap back from confirmed lower low area at 0.67409. Price eventually reach up to 0.68190 new resistance level (buyers H1 higher high level). And here we go, we have one bearish movement on H4 timeframe and bullish movement on H1 timeframe. Bullish movement is now also observed for H4 timeframe, because price broke 0.67878 resistance level which was important for H4 bears.
To sum this up, I want to tell you price is headed downside with possible sideway trading or price is going to reach buyers H1 higher high second time. at 0.68190 level. This will cause rangging on h4 timeframe. If bulls can hold that position, we have to count in our analysis daily timeframe to.
Anyway, if price can broke 0.67409 support level, bearish side will continue trending.
Do not miss GBPCHF analysis.
BEARISH MOVE GBPUSD STRONG CONFIRMATIONHello
In this case we are looking bearish trending adn confirmation flow on both daily and four hour timeframe. This analysis is presenting very strong and powerfull momentum flow, because both timeframes connect at once at the same timing.
FLIPPING SIDE - Presents who has power on the market. At this moment we are count on bears.
Daily confirmation - when price broke ''flipping level'' first time, there was no momentum to be enough confident for sell position. When price broke second time '' flipping level'' that was still not confirmation we are looking for but just another fact we might falling in range mode. So we were not interested in potential move. We needed retracement.
As you can see from chart, price did a retracement from 1.34378 (second bounce from new LL) and closed below ''flipping level''. Because this type of confirmation is not clear, we were still not interented in trading GBPUSD. We needed more data and that happend at the last part when price broke recent lower low level at 1.34378 and stay below it for longer perioud of time. It is important that price stay below lower low level for longer time, because we do not have any clear retracement, that gives us any good fact for short position. Also you can see that price movement was slow these days untill today.
Today is a day when price gave us confirmation from a ''new daily territory''. Price holded position enough long below Lower Low level and important resistance at 1.33521.
4h timeframe - price is moving sideways, but bearish shots are getting stronger, which gives us bearish momentum power.
See also AudCad daily confirmation - bearish - previous analysis
Double top formation in UPL and rejection from necklineUPL seems to have formed double top pattern and now it has come to retracement level of neckline after breakout and then giving clear rejection for the upside move.
Also, we are seeing a clear reversal in the uptrend in the daily timeframe. so possibly can test previous swing high of 650
GME is over big On the volume indicator, I can see distribution on the shares the bulls have collected their profits, letting the bears enter the rally,
In January 2020 the GME stock has got a huge pump coming from social media like Reddit and Twitter, which prompted the platforms to limit the number of shares purchased as a maximum, and prevented some platforms from trading the stock,
the stock now is on the pump and dump rule, if there is a piece of bullish news the share will go high,
we prefer to take the safe side for now while we see the market had crashed. Sell will be in a good position on this stock right now.
US oil short position Bears are always welcome in the oil market, we have seen a huge rally for oil in April 2020, some producers have made a big reserve of production.
we always see that the market has always to correct the direction allowing some associated to collect their profits, bulls out bears in. for the next period we find bearish news looming on the horizon,
-Omicron is snappily getting the dominant COVID-19 variant in South Africa lower than four weeks after it was first discovered in the country, with
theU.S. reporting its first case on Wednesday.
-Some had speculated that OPEC+ could pause those additions in an attempt to slow supply growth, now expected to yield a surplus of 3.8 million
BPD by March 2022, according to an internal report seen by Reuters. OPEC+ is likely to make its decision on Thursday.
-The United States, in tandem with several other nations, announced plans in November to release 50 million barrels of its reserves into the market
to try to cool energy prices. Retail gasoline prices have barely changed even as unfinished gasoline futures known as RBOB have dropped sharply.
News resource
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theoilsellers.com
reuters.com
Our position
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Sell position on 63 $-64 $
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73.20 $ -74.40 $ sell limit just in case the price reverses against our position before it continues falling
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Targeting : 55 $-56 $ support area
HEAR - repeated pattern in the chartsSo i legit stubbled on this one i have done no research or dug into it but i noticed something that right away caught my attention first i was on Unusual Whales FLOW page and i noticed 309 THOUSAND dollars on 2 option trades one being an Opening Position trade and smaller secondary one ( go check it out if you have whales ) one was placed same day mins before the market closed the smaller one and the larger one was for 274K. Now after seeing that and pulling up the chart i right away noticed the pattern it is now is repeated ( a large spike in price action followed by consolidation before a dip in price ) the most recent time taking the price from 14 to 4. if you go back further in the chart you will see another example of this as well. I'll be watching the flow closely to see if i enter a PUT option to enjoy some of that run down as they seem to take time so maybe a Dec 17th experation @ the $22 strike seems to be interesting lol.
ETHUSDT / TOTAL - Crypto Market is looking to go in Hibernation Looking at ETHUSDT and TOTAL. The patterns are telling me that the Crypto market is going to go in to a Bearish trend or sideways consolidation period through the rest of the year, if not longer. I am definitely a believer in crypto currency, but for me, now isn't the time to buy...in my opinion. I'm going to keep an eye out for opportunities, but not going heavy. Best to keep some buying power available at this point.
BTCUSDT - Not lookin too hot...Quick TA on BTCUSDT. Price needs to break above key levels before I'm bullish on it again. Looking at the bigger picture on the weekly chart. This recent run up was just part of the bigger flag formation. If price stays in this pattern, it could be late 2022 before we see the next rip up. If price breaks the pattern sooner....we would want to see it happen VERY soon, otherwise it's staying with this formation.