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Economic Cycles

NKE is worth watching for an entry point based on RSI and volume My Trading Strategy is very basic, a classic K.I.S.S. Philosophy. Using StochRSI, a 5 year chart for historical data and a YTD chart for current data. I look for oversold discounted companies. Nike had a ton of negative press, blah earnings and the stock price got clipped after they reported. To me, this fits my strategy to a tee, and patience and paying attention to RSI particularly will serve me well. Today, NKE price had the first of 3 bullish price moves. I’d prefer to see the RSI on both K&D be above 35 before trying to make an early move however in this case, RSI rose well above 35 but the stock price did not follow. I opted to wait and see if buying volume would continue. My trades are typically for 3-10 days and my exits vary by stock performance, market conditions etc.
NYSE:NKELong
by pcseiden
4
Long trade Reason...since recent observation of price action (sellside) and reaching a critical pitvol price level...mapped out on the chart (buystops) was the confluence for entry. Buyside trade Trade Details: Date: Tuesday, 30th July 2024 1-minute timeframe (TF) Session: New York Session PM (16:10) Entry Details: Entry Price: 5410.7 Profit Level: 5482.8 (representing a 1.33% gain from the entry price) Stop Level: 5404.4 (representing a 0.12% loss from the entry price) Risk-Reward Ratio (RR): 11.44 Overview 4Hr TF
OANDA:SPX500USDLong
by davidjulien369
Why I say SHIBA INCREASE is CLOSE We'll take a look at a few methods of chart analysis that ultimately says a Shiba Inu increase season is on the horizon. ✅ RSI The RSI has been fair to low for an extended period of time. We also observe a bottom out on the RSI where an all time low is observed for the year, likely indicating the bottom is in: ✅ V-Shape Recovery A strong V-Shaped recovery is observed in the 4h, indicating buyers were ready to scoop up lower prices: So what are we waiting for? 👉 Technical Indicator In order to send SHIB, we will first need to see the price close ABOVE the trendline, at which point a "BUY" alert will go off: What would invalidate my bullish sentiment, is IF the price is unable to et back above the trendline pointed out above on the technical indicator, and IF we lost the higher lows: _______________________________________ BINANCE:SHIBUSDT
Long
by CryptoCheck-
Euribor cycle analysisYou know fiat currencies that are not pegged to anything they say but is it really true… Isn't fiat tied to the people in dept, families with mortgages, isn't that what keeps it stable, right? If this is correct, doesn't that mean that in the big picture, the interest rate cycle is all that matters if you want to understand the economy. I believe so. But that's not all, I've noticed something funny. Do you want to see? Try calculating the dates between bottoms, the cycle length actually doubles each cycle, each cycle comes at the right time... how is that even possible? Can we now look to the future? Is everything written in the stars or in someone's book.. Or am I just crazy? Maybe both, but either way, I think the chart is trying to tell us that there's going to be an AI/robotics-driven super cycle that lasts until 2056, with everyone running cheap money. What do you think is the "cause" of the depression of 2056. Maybe the robots will go to strike and the AI ​​will turn hostile? But wait, what is cause and what is cause, or is there just a cycle that causes everything? Forget it... it's better not to think too much. Watch TV or go for a walk.
ICEEUR:I1!Long
by Lm424LRs8CNEAk
Elliott Wave Analysis: Dow Futures (YM) Resumes Bullish TrendShort Term Elliott Wave View in E-Mini Dow Jones Futures (YM) suggests the trend should continue higher within the sequence started from April-2024 low as the part of daily sequence. It favors upside in wave 5 of (5) since 18-April, 2024 low, while dips remain above 40053 low. Since April-2024 low of (4), it placed 1 at 40213 high, 2 at 38111 low as dip pullback and 3 at 41672 high. It ended 4 as clear 3 swing zigzag pullback at 40053 low and favors upside in 5, which confirms above 41672 high to avoid any double correction, if breaks below 40053 low. Within 4 correction, it placed ((a)) at 40466 low, ((b)) at 40795 high and ((c)) at 40053 low, which missed the equal leg areas in 4 before resume higher. Above 4 low, it placed ((i)) of 5 at 41051 high and favors corrective pullback in ((ii)), which should remain above 40053 low to extend higher in ((iii)). Within ((i)), it placed (i) at 40685 high, (ii) at 40158 low, (iii) at 41029 high, (iv) at 40863 low and finally (v) at 41051 high as ((i)). It placed (a) of ((ii)) at 40606 low and favors bounce in (b) before turning lower in (c) to finish ((ii)). As long as it stays above 40053 low, it should resume higher in 5 and can extend towards 42052 – 42671 area to finish the impulse started from April-2024 low before correcting lower. Alternatively, if it breaks below 40053 low, it can do double correction towards 39432 or lower levels before it should turn higher.
CBOT_MINI:YM1!
by Elliottwave-Forecast