Russell 2000 currently creating fractal. Points to possible 40-60% downside. This fractal creates: - A top - A bear flag - A failed break to the upside - A large break down after the failed break up This fractal occurred in 2008 and 2020. Both instances of recessionary bear markets. This could play out similarly if we get a recession. Price target is around 95 -100.
A Sick Feeling in the Belly of the Yield Curve Another sign that Fed credibility is waning. The socioeconomic point of view is that, as the Supercycle bear market develops, central banks will lose their mantle as being omnipotent directors of markets. Whereas in the bull market, central bankers like Alan “the Maestro” Greenspan were lauded because positive...
NASDAQ:NVDA is about to create a bearish reversal which will lead to a -60% correction! Charts just don't lie at all - instead fundamentals are always an illusion. Nvidia was retesting a major resistance trendline and is starting a significant bearish reversal. Nothing changed fundamentally but Nvidia is already down -25% over the past couple of days. This is...
SP:SPX potentially created a top and is starting to head lower for the next months. We have patterns, cycles and market structure and if everything is lining up nicely, there is a high chance you will be right. The S&P500 is currently retesting a major multi-year resistance trendling, is starting to shift bearish on the smaller timeframes and just rallied +50%...
Bears will love this pattern . The white middle line speaks a lot.
Hi guys. When trading its always important to learn/educate to find an edge on the markets. There are so many charts you can access to analyze/compare, etc. Its known that many ticker symbols can be used in certain ways to help understand markets in a deeper way. The DXY or U.S. Dollar Index is an asset that i use to assess Risk mentality. So keeping it...
Overview META is approaching a possible landslide that may take the share price to around $455. An influx of insider liquidation paired with healthy market skepticism supports the possible correction. Fundamentals Overall the company appears healthy according to their 2023 Annual Report. The only filings that I found concerning was the abundance of 144s that...
Gold has been retracing. This retracement to the 2177 area has come to an end. A massive fall is now playing out. I expect price to fall below 2153 (EQ LOWS) and continue to plummet. --------------------------------- Patience is key!
HDFC is showing bearish sign after in month of consolation seem in 6 month this share easy Touch down Trendline if 700-800 For quits trader it's time to exit if market below than this level 5% stop less --- from 700-800 rs easy target For option trader -- take a PE call 1250 and every reversal book profit and enter in PE till 700-800 zone For more chart...
Hello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 14 years the nasdaq has been trading in a super obvious bullish parallel rising channel. In the beginning of 2023 we had another retest of the lower support which was followed by a +65% rally. If the Nasdaq rejects the current resistance towards the...
It's no surprise that the price has been rejected from the 200-day Simple Moving Average (SMA) multiple times. Historically, the 200-day SMA has acted as either a support or resistance level, depending on whether the price is above or below it. Since the current price is below the 200-day SMA, there is a high likelihood that the price will continue to move lower...
The present circumstances clearly indicate that the closing price has descended below the 20-week simple moving average (WSMA), a historical signifier of notable bearish market trends. While it is acknowledged that the 20 WSMA is not an infallible indicator, observing its historical behavior reveals a consistent pattern of significant downward movements in price....
BTCUSD has been on consolidation for a while now. I assume it is accumulating positions for a distribution that will occur on the near future. I expect it to take out the EQH before it goes on a bearish move which will take out the 50% level.
UJ is currently in a bearish market. If you use the five wave analysis for your strategy, you can see that waves 1-3 are completed. Wave four is currently in formation in the bearish direction and looking to end in the 133.500 price area.
Here's a brief update on BTC. The current price has been fluctuating within an ascending triangle, and the low trading volume suggests a more substantial movement is likely to occur soon. The trend appears to be weakening, and during retests of the significant resistance at 29k, trading volume has remained low. In addition, the CME and Fair value gaps below the...
Trend weakening, low volume during retests of major resistance ( 29k ), plus CME and Fair value gap below current price - all pointing towards the downside. Brace yourself for a possible return to 20k soon! It's important to consider the unfilled CME- and Fair value gaps located below the current price. Typically, these gaps are eventually filled, so expecting...
Here's a quick look at the Daily BTC chart. As we can see, the zone between 29k to 30k is a critically important price range that requires close attention. It has played a pivotal role in differentiating between the bull and bear market. As soon as the price broke below this zone, the market was deemed to have entered a bear market, while staying above it...
Here's a quick look at the 8 hr. BTC chart. The bearish divergence on the RSI suggests that the trend is losing momentum, and a downward move could be expected. Additionally, the low volume indicates that a substantial movement could occur at any moment. With the bearish divergence on the RSI and the low volume, it's highly likely that a move to the downside could...