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TRUMP vs BIDEN : Learning BULL & BEAR Flag patterns.The Trump & Biden win Cryptocurrency tokens on the FTX exchange is giving us a great gouge of the Crypto community sentiment towards the two candidates. We are also see a perfect example here of the Bull & Bear Flag patterns with Trump showing the bullish version & Biden the bearish. Some key points about BULL & BEAR FLAGS: • BEST ENTRY IS often when price fakes out under support or above resistance • MIN 2 Touches each side • PRICE MUST MOVE STRAIGHT UPor DOWN BEFOREHAND (or it is not a true flag pattern) • HIGHEST SUCCESS RATE of any chart pattern To identify a Bull or Bear flag pattern the first key characteristic is the FLAGPOLE. The flagpole is usually a staight upwards or downwards move, if the flagpole is not abnormally straight upwards/downwards then it is probably a poor example of the pattern. Price should then consolidate in a parallel channel (it can be sloped), this is the “flag”. The flag is a pause in the market before a up-move or down-move and we measure the flag pole for a possible price target. Bull & Bear Flags according to backtesting have the highest success rates out of any chart pattern - success rate being when they hit the potential measured move (the original flag pole height is measured, and added to the swing before BREAKOUT for a possible price target as shown in the diagrams). The first entry is on the 4th touch of the pattern. It is also common for these patterns to have a THROWBACK (also known as bullish/bearish retest) before continuing in the direction of the breakout, this is marked as point (B) on the chart and the second entry point. Look for bull flags forming on top of long term resistances (not below) and the opposite with long term supports on bear flags to increase probability of success also. More information on the TRUMP & BIDEN tokens: help.ftx.com More information on Bull & Bear Flags from the legendary Thomas Bulkowski: thepatternsite.com A example of another Bull Flag Pattern for comparison: If you enjoyed the insight dont forget to leave your comments and hit like thank you!
T
by Worth_The_Ri5k
Post Election DOTMy Fellow Crypto Traders, Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share. Cheers & Happy Trading! ------------------------------------------------------------------------------------------------------------------------------------------------------------- ANALYSIS: As BTC runs into resistance at 64.9, we could see Alts enter another bullish cycle. With that said, DOT may re-test the lower $3.82 support post-election, and bounce to make higher highs and higher lows. Thus completing a W formation.
Long
by AB_Trading-Intelligence
2020 US Election Indicator (November 3rd 2020)November 3rd 2020 USA Presidential Election (S&P 500 Incumbent Winner Indication) Alright, it's time for the showdown! It's finally November 3rd 2020 and we find out more tonight! Will the S&P 500 close over 3288.3 points today? If it does, it should be expected that Trump is the winner of the 2020 USA presidential election, but if we sink below 3288.3 then there is a chance that Biden wins. My original forecast for the election before seeing any of this data was for a Trump win as well, so it just feels like everything has come together to signal his win even if last minute. Considering polling and contrarian indication, Cindicator's hybrid artificial intelligence projecting a 60% chance of a Trump win, failed impeachment, and all the October email scandals since 2016, I am under full belief Trump will win, even if by a close measure. This is an election indicator that has been historically accurate 20 out of 23 previous election analyses. I've been seeing some articles that say Biden is signaled to win because of the downtrend we had over the past few weeks, but that was before a few days ago when we hit a trend reversal, and started pulling back over August 3rd 2020 S&P 500 levels. In 2016, the S&P 500 dropped -4.79% over the 3 month period from the open of August 3rd 2016 to market close of November 3rd 2016. As of right now about an hour before market close, we have reached a high of 3.08% since August 3rd 2020, and we are still in the positive above the 3288.3 points. We could end in the next hour around 3360-3370 points, and that would be an incumbent win as per the election indicator rules. Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
TVC:SPXLong
by Hambooger
Zoom Delta Divergence 1hr ChartZoom might have reached the bottom of their sell off, however we should be cautious entering positions with the current set up. We have the bears and bulls fighting for dashed green trendline. So far, the bulls have been able to buy up the green zone, however, even though we see a small uptrend over that last few days. We have a negative delta divergence on the cumulative delta volume which indicates buyers are getting weaker and weaker. This price is really reactive to news and that could be what the stock needs to blow through some resistance. Technically this chart makes me feel uncomfortable picking a direction either way so I'm going to remain on the sidelines until we get clarity. NASDAQ:ZM
NASDAQ:ZM
by jakelikesstocks
2
Bulls Are Showing Up on Election DayToday we've seen an impressive case for the bulls on that last day of the Election. This has been a great performance from the bulls as they continued to push price higher and higher with little resistance from the bears until we hit 338, about an hour into market open. Bears gained a little control as bulls rested and look to be preparing another rally, trying to break through the 338 resistance. I'll update this chart throughout the day as we head into one of the most important elections in our history. AMEX:SPY
AMEX:SPY
by jakelikesstocks
3
FX Update: Final FX thoughts ahead of the US Election Night.Summary: The market seems to be putting on the reflationary trade today ahead of the uncertainties of the US Election as the USD and JPY wilt, while the AUD rushes higher after brushing off the well flagged easing moves from the RBA overnight. Any strong turn-out among Democrats could support an extension of this development, while a contested election scenario would very likely do the opposite. Today’s FX Trading focus: Market putting on reflation trade for Blue Wave scenario today The market seems to be moving in favour of a Blue Wave scenario this morning, with the USD and JPY offered and commodity currencies generally bid, together with risk sentiment. AUD managing to rise back above 0.7100 is particularly impressive and shows how thoroughly the RBA easing overnight was fully priced in. I generally agree with the consensus that a strong Democratic showing is a boost for the USD bears and especially commodity and EM FX on the prospects for a torrent of further stimulus next year that will not be offset with a big tax overhaul focus in the initial stages (counterproductive for the growth narrative), although the longer term risk of progressive adjustments to the US tax code loom as a spectre. Massive fiscal deficits in a reflationary economy that is hopefully mostly or fully moving beyond the Covid-19 pandemic by spring could mean heady moves in FX between now and next summer, if this view is correct. Such an outcome would favour positioning in upside optionality in AUDUSD call options for 3-6 months with additional spot trades if we see a Blue Wave outcome and the market reaction is supportive. The wild card for me in the above that has me sitting slightly uncomfortably is the long end of the US yield curve and bets on a steepening there – the speculative market there seems long the 10 years and very short the 30-year T-bond. Is this a Fed yield-curve-control bet on the anticipation of exploding US yields on a Blue Wave outcome, or any outcome eventually? Certainly, the long-term weak US dollar argument is that US inflation will rise far faster than the Fed will make any adjustments to its policy rate under its new “flexible average inflation targeting” regime. And eventually, the Fed could super-charge USD weakness if it does decide to cap yields out to 10 years, for example if it fears that the rising yields are dampening the prospects for further improvements in the labour market. But for now, I’m curious if some kind of reversal of what seems a crowded trade is a risk and whether this has any implications for the US dollar as well. The scenario market participants don’t want to see As I have underlined nearly everywhere in my commentary on the US Election, the market fears most that this election will see a contested outcome in which the losing side refuses to concede and as I noted yesterday, the worst of worlds is the Murphy’s Law outcome in which the state of Pennsylvania is the deciding margin in the electoral college. So despite a clear general lean in favour of a Democratic Blue Wave of sufficient magnitude to at least see the Democrats take marginal control of the Senate in addition to winning the presidency, there are plenty of market participants who are uncertain and who believe otherwise, so two-way risks are prominent on this election outcome. But really, few are well prepared for an ugly, contested election scenario if the vote proves close and the uncertainty drags out for days and weeks. In a contested election scenario, watch for hefty yield curve flattening in the US, a possible USD spike, but a very likely strong JPY spike and then ugly volatility in some of the currencies best positioned for the reflationary narrative, from commodity currencies to EM. Chart: USDNOK weekly Here is a currency pair on the major fault-line going into the Election result tonight – the US dollar versus the Norwegian krone. The US dollar outlook is heavily dependent on whether the negative US real rates (inflation running hot and far beyond the policy rate) story pans out next year and beyond in a Blue Wave election outcome (or even if Trump wins, really – but that realization would take far longer. The NOK outlook is reliant on the reflation narrative generally, on the oil market re-discovering its supply vs. demand balancing point, and linked to that on a global- and especially EU outlook improvement beyond the Covid-19 disaster. The pair has twice found resistance just above 9.50 and not far from the 200-day (40-week) moving average – and all USD/commodity currency and USD/EM pairs will be interesting to watch in the days after the election result. A weaker USD world and recovery in oil prices could have the pair trading close to 8.00 or lower by late next year. John Hardy Head of FX Strategy Disclaimer The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. 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by Saxo
3
Nasdaq ScenarioNasdaq Scenario For Today Or This Week ╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳ Nasdaq has been bouncing in a downward channel, but it reached a big support zone. Right now we see that nasdaq has created a posible double bottom which -if it does play out- will break the channel and will go up to around ~11530. ╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳ We have to keep in mind that this week carries extra risk with the election etc. so this can go either way, if it doesn't break the channel then just ride it down again. ╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳ It is risky to trade this week so only trade the amount you're willing to lose. Past performance is not an indicator of future results ╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳ Let me know your thoughts and questions, give a thumbs up if you like this idea and follow for more. ╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳ ScenarioPainter
OANDA:NAS100USD
by UnknownUnicorn12800273
2
XAUUSD PERFECT SHORT POSITION Hi As you can see in the chart, we are forming a bearish flag and a rising wedge at the same time. We are close to the election, and this is a precarious position .please consider slippage. Zoom out and see the bigger picture. There is also a tiny hidden bearish divergence on RSI. This has a perfect risk to reward setup. What am I missing? ---------------------------------------------------------------- What is your opinion? Comment it below. If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too. Goodluck.
OANDA:XAUUSDShort
by Crypto_MD
8
ANALYSIS ON EURUSDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price broke from its trendline and went down till its support. As per our analysis it will retrace. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So, let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Long
by Ryan_lopes