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Elections2020

The Most Important Levels for XAU After The Vaccine AnnouncementIn this technical analysis I will go over all the most important horizontal zones for Gold and explain what you need to look at while the market is closing over the weekend. After a lot of news about the elections, and then the Pfizer vaccine news, the price of gold has moved a lot and showed great volatility. This creates fantastic opportunities for traders, which is why I am looking at gold now at more depth. There are very nice trading possibilities here, so let me walk you through the most important horizontal zones right now so that you can construct your own set-ups as well. Horizontal Support Level I The support zone here at the bottom of the chart is at the beautiful level of $1,850. A level not just strong based on the confirmation of price reversal that we have witnessed here. It is also important based on the psychological importance of being at an exact round number. I decided not to chart any additional support zone on the chart, as I consider the price of gold extremely low at the moment. After coming from an all-time-high we have seen a bearish movement. But after the massive dump on the 9th of November, I only see it going upwards from here. Horizontal Resistance Level I Given that I chart this idea based on the bullish scenario of a long position, I suggest looking at this area for a solid take profit level. I see two main options for taking profit, one is to leave the trade near the resistance line of the descending parallel channel, and the other is to hold until the first level of resistance. Horizontal Resistance Level II Horizontal Resistance Level II is a more aggressive place to hold gold to and take profit. When we look at the height of the price just before the massive dump on the 9th of November, we see another small peak that could turn into resistance too. Therefore, instead of holding to say ~$1,980, instead I suggest holding until ~$1,960 instead. Horizontal Resistance Level III This level is so far off the current price of gold that I would not suggest to use it for any trade set-up. Especially since this is a high volatility period, so many things can happen soon. I would suggest to enter relatively shorter trades to make sure you are able to update the chart often to include the latest information. Follow me for consistent high-quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
OANDA:XAUUSDLong
by Trading-Guru
4
LTCUSD short ideaHey everyone. I hope this finds you well. I apologize for my abscence recently, but I hope you have been able to pull a profit without me. Anyway, he is the trade setup. Although btc is incredibly bullish, LTC seems to be lagging just a tad. From my wave count you can see what looks to be a nice 5 wave move, where must fib targets were hit spot on, or just a little off. From my chart, you can see that a 5 wave move down has been made, along with the 3 wave move to the upside for wave B. This means that we have only one option, a 5 wave move down for wave C. The target for the wave c will be the 55 dollar range, which is the 0.382 retracement of the whole wave. This might play out to be a complex correction, so a wave W of a W,X,Y, but we'll figure this out later. The stop loss will be the 62.593 area, which is just 2%. All in all, this has a 5.0 risk to reward ratio which is fantastic. I hope everyone can get into this trade in time. Have a nice day!
BITFINEX:LTCUSDShort
by Mika_k
Three Alternatives to Charting Uncharted TerritoryWithin technical analysis you use indicators and price action to determine what the next most likely move of an asset is going to be. I love indicators, but I love price action even more. It works for me, it's simple, it's clean and there isn't too much hocus pocus. The downside with price action though is that you need to be able to observe price action in similar areas to the one you are trading in now. When a price moves up like crazy such as what bitcoin did, you won't see anything on the chart that is comparable or that you can relate to. In that case, you have to be creative. You can either go back in time, and find comparable prices way back. The downside here is that the further back you go, the less predictive that action is. You can also chart based on psychological support and resistance. Think creatively about at which points the price is likely to bounce and use those instead. And finally you can use other price action indicators such as the Fibonacci retracement. In this analysis I show all of these. Let's walk through them one by one. First of all, you can clearly see the Fibonacci retracement. I used the most recent low, and the most recent high to draw the fib. Immediately, a few things stand out. We see the beautiful bounce around .236, a level that usually only matters in very bullish set-ups as the price often breaks right through. Also we see that there is resistance at the .382 level and at the end of the golden pocket. You could use that information to determine a good entry for a long and estimate a reversal point. Then, I also looked at price action way, way back. We see a very interesting horizontal zone coming from July '19. There was also another horizontal zone that didn't fit on the chart anymore around the $17,200 from January '18. You can use the upper one to mark an area where you can expect resistance, and the lower one as an area where you can expect support. And then finally you have psychological levels. I highlighted one very important one here at the $16,000 level as I expect we'll be mostly looking at the more bullish levels soon anyway. The price beautifully bounced around that level and I expect it can happen again. The price might get rejected and reverse when it's moving upwards around that level, or break through and use a S/R flip to find support again near that same level. As for my expectations on price, I expect a form of consolidation now where BTC will not be the star of the show for a while, but instead we will focus on great Alt opportunities. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSD
by Trading-Guru
4
BULL FLAG For BTC/USD Shows Bullish Potential - Trading-GuruIn this technical analysis we are reviewing the price action on Bitcoin. The bull flag is a very powerful signal and I will be explaining how you can trade it. Both flags and Pennants are quite similar to each other and have proven to be powerful chart patterns in technical analysis. They are considered 'continuation patterns'. First of all, it is important to understand where the name is coming from. If you look at the picture to the left you should get a pretty good idea. The price goes up strongly (in case of a bullish pattern, downwards for bearish) and then enters a moment of soft consolidation with a slightly bearish trend (or in case of a bear flag it should be bullish, you get the point). If you squint your eyes you can see that it resembles a wavy flag on a pole. The price is expected to continue in the direction of the move it had seen before (in this case the strong upwards momentum) after it breaks out of the flag. Furthermore, we can see some very interesting behavior at the $14,000 and the $16,000 mark that I want to explain. The horizontal zone at the bottom of the chart was exactly at the $14,000 level. An area of psychological resistance. Once the price broke through, BTC made a huge surge directly towards $16,000 without stopping. Similarly if we look at the $16,000 horizontal level we can see that it is marked by a psychological resistance. We very often see that prices reverse exactly at beautiful round numbers. We might see some resistance at first again when the price comes near. But once it breaks through this level the price can go up very fast, similarly to what happened at the $14,000 level. All-in-all I suggest a long trade here, initiated by a breakout of the bull flag. After that, I suggest holding to at least $16,000. If the price is near that level you can either sell just below the psychological resistance (e.g. consider setting your take profit limit order at around $15,990) or HODL BTC for unseen levels. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSDLong
by Trading-Guru
13
Election Results and the Future of the Stock MarketDisclaimer: this is a completely APOLITICAL analysis based solely on facts and my personal insight. This is not financial advice. This is for educational purposes only. In this post, I'll be discussing the current situation of the US presidential elections, and the market outlook depending on some of the probable cases. Election Results - To begin with, the election got complicated as Trump suggested the possibility of it being rigged. - He is asking for transparency of mail votes, and wants to settle the result in the supreme court. - Probable cases can be classified into three big categories: 1) Biden Wins - Based on the current result, and the poll results of the past, Biden ultimately winning the election wouldn't be a surprise - If matters are not taken to the supreme court, everything should go as initially planned 2) Trump Wins - The same story applies to Trump; - Had he not attempted to settle matters through the supreme court, what we could expect for Trump's winning situation is the following: - All votes are counted, and trump eventually wins over 270 votes. - While this is very improbable, it's not impossible. 3) Results Delayed - This is the situation we are faced with today - Trump wants the supreme court to settle the election, and to do so, the election results need to be delayed to his favor - Trump may have a strategic advantage over Biden, should his Plan B work out. - However, whether matters will be taken to the supreme court is unclear yet, as Trump's claims have very little to no base. So What About the Market? I'm sure the big question you might have in mind is: So what's going to happen to the market? What would be best for the market to remain bullish as it is? Based on the information available so far, it seems that Biden as president, and a republican dominant senate would be the most probable scenario. As people get a better grasp of what the potential outcome of this event, uncertainty, doubt, and fear induced through market psychology has diminished significantly. The S&P 500 Index (SPX) has risen, while the Volatility Index (VIX), also known as the fear index, has decreased significantly. This demonstrates that people weren't necessarily afraid of Biden becoming president. They were worried about the uncertainty of such event having an impact on the market. In regards to the most probable outcome at the moment, where we have Biden as president, and a republican dominant senate, this might be the best case for the market over the long run. The republican senate will be able to keep in check with , and neutralize Biden's rather radical stimulus packages and fiscal policies. The infrastructure package will also be implemented as planned, but possibly in a reduced manner. Overall, some of the policies we see will be democratic, and others will be republican. This gridlock that we might face, where both parties have each other in check at an equilibrium, might be the best case for the economy, and the stock market. Statistical Evidence - To begin with, we can see that the red graph demonstrates how the market return increases over time, during a presidential term. - Taking this into account, we can look at the Average Growth of Composite Index, which organizes the market returns depending on the political situation - It calculates the average return over 4 years - Statistics demonstrates cases of: a republican president, a democratic president, a republican sweep (red wave), a democratic sweep (blue wave), a republican and democratic divided congress. - We can see that the case for the democratic divided congress, which is the current scenario with the highest probability, demonstrates the highest market returns - There were 6 cases in which this political setting took place: - In recent cases, it was the example of the Obama administration in 2012, and the Clinton administration in 1996 - Both cases reported extremely high returns in the stock market. - However, at the same time, it's important to remember that there have only been 6 historic cases, and anomalies can always take place Conclusion There are a few things to take away from the statistical data, and probable scenarios regarding America's political setting. 1. The market doesn't dislike democrats. They dislike uncertainty and fear. 2. The gridlock created by a democrat president and a republican senate is a bullish sign for the economy. Combining all the information above, we can expect this current bullish rally to continue further, as the dust settles. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
TVC:SPXLong
by Michael_Wang_Official
The Three Phases of Ethereum - By Trading-GuruIn this idea, I will walk you through the three phases that Ethereum is going through right now and explain you why you could enter a long position that will yield you a safe 16% return. Phase 1: Strong Correlation. We see very interesting behavior in this area when we compare the price of ETH/USD with BTC/USD. Both assets move in an almost 100% correlated fashion. Whenever one of the prices moves up, the other moves up as well. There might be a slight change in the amount in which it moves, but overall the direction is always the same Phase 2: Divergence. It couldn't be more different in the second part of this chart. The price diverges very strongly. Even though on a smaller time frame we still see similar peaks and cliffs, overall we see that the price is moving in the opposite direction. BTC has increased with about 10%, while ETH decreased in value with about 10% Phase 3: Convergence. What we often see when BTC is moving up extremely fast, is that everyone pulls their money out of the lower marketcap coins (including ETH) to put it all in BTC. After the surge in price is over, we then see that the BTC Dominance is reducing again and while the price of BTC consolidates, all altcoins rise in value. We have arrived exactly at that spot now. The spot of BTC consolidation in conjunction with altcoin increase. I see a bullish ETH here looking to find its levels with BTC again. I expect that the price converges again with the price of BTW, which means we're realistically looking at a 16% gain here for Ethereum Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:ETHUSDLong
by Trading-Guru
16
Where will XAU/USD go today?The past 48 hours have been a wonder for this precious commodity against the greenback. However, price dropped heavy back into the 1890 and below range during the Asia Session to peak back up to 1908 during London. Now in the list of the overlap between London and New York I wonder what today holds for GOLD. Seems the election results are having a great effect on whether Gold will rise or fall for the continuation of this daily candlestick which has 7 more hours before completion. And yes the winner will have a great effect on the volatility of the market for the duration of this week.
FX:XAUUSD
by HeyWhit
1
$WORK updated analysis. Confluence at $40 post election.EW analysis shows that $work is working on a a wave 3 sub formation (yellow) within a larger wave 3 impulsive structure (white) that started back in march. Its hit the technical levels perfectly. The algos are in play! On a shorter time frame, the Andrews Pitchfork shows a beautiful bounce off the bottom of the channel, with and 80% chance the price will approach the median of ~$35. A dip is likely to occur here, followed by a continuation to $40 over the next few weeks to complete the wave 3 sub-formation (yellow) Market volatility around the US election will likely keep the price movement small. Im expecting a large move upwards by mid Nov, as election chaos settles down and markets have a more firm view of what to expect in the future. The stochastic RSI is oversold, but will likely stay at these levels for another week or two (just like the last time it was in that zone) as the election uncertainty passes. I expect great things from $WORK in the new year. ps: this model is invalidated if price falls below $24
WLong
by ir-rizzle
Anticipating a breakout to the upside in gold via IAUiShares Gold Trust (IAU) is a passively managed ETF that seeks to match the movement of the price of gold. It provides an investment vehicle for gold by backing shares in the ETF with gold bars held in trust. After a steady recovery from the trough of March 20th, a trend reversal starting on Aug 5th manifested as a descending triangle (or perhaps a large pennant) that broke out to the downside after 7 weeks. However, this downside breakout was rebuffed by buyers, perhaps due to the economic and political uncertainty surrounding the pandemic as well as the US presidential election, which at the time of the turn around was 40 days away. The ETF saw a 4% increase in value over two weeks and has settled into an ascending pennant where resistance is being tested and the lows are higher. I anticipate a breakout to the upside if the bottom ascending line holds, especially as we near the US presidential election (Nov 3rd). This breakout may occur in the days leading up to the election, or perhaps right afterwards. Let me know what you think in the comments! ****** These ideas are presented as a topic for discussion and do not represent a recommendation to trade a security. ******
AMEX:IAULong
by maffex
AUD bulls support threatened AUD/USD extends its four-day losing streak into Tuesday, looking to threaten the September low of 0.7006 while wallowing in three-week lows near 0.7032. AUD futures net positions dropped from 8.9k to 3.8k as 10k+ short positions were opened. Growth in China is slower than expected hence Australian exports to the Asian country could be affected. This coupled with the ongoing trade tensions between the two countries threatens the strength of the AUDUSD. The expectations of a November rate cut and or bond-buying expansion emboldened after the Reserve Bank of Australia’s (RBA) Deputy Governor Dr. Chris Kent and October meeting minutes suggested that additional easing is due on the cards. Further pressurizing the downside in the spot, the US dollar holds onto the overnight bounce, as hopes of a potential US fiscal stimulus deal pre-election fade despite the narrowing differences between the House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin. DXY net positions in the CFTC COT Weekly report turned positive last week hence we could expect a bullish dollar in the medium term, well at least until the US elections are over. Equity markets are currently on a risk on mode after erasing gains made earlier on Monday. Further concerns about the pandemic globally will keep pressure on the safe haven as more countries start to consider placing strict lockdown measures.
Short
by GrizzlyBearBee
S&P 500 EEUU 500Hello good morning I hope you’re right. A few days ago I published this idea to you, to this day it is the same I have only modified trend and lines by market movement. In the comments, in the 2 comments that our brokers commented that it would follow the second trend, The fall BEARISH . We believe that in the short term you will see high volatility whit corrections... but in the middle term we’re BULLISH and in the long run we’ lo see. LEAVE YOUR OPINION In the comments 1 or 2, and how they are positioned in short, medium up to elections, and long. Sincerely L.E.D In Spain at 13/10/2020
UShort
by wallstreetstocks
Are We finally ending Minor Wave 1 TodayThe data has been all over the place with the volatility. Are we in Intermediate wave 5? I think so Are we in Minor wave 2? I thought so, but the wave cycles were not clean. Are we in Minor wave 1? This is my thought today. If we really are in Minor wave 1, I assess we are at the end of it. The shock drop the other day on President Trump's tweet would make for a Minuette 4 instead of any larger wave. I assess this to be the case because it was took sharp and quick to have been a larger wave. With that said I am projecting the potential end of Minor wave 1 this morning. I have indicating the rough timeframe with the vertical dashed white line. I have placed 4 potential reversal levels and the reasoning behind each level. The top level was an original top, but I do not see a solid reason for this to be the resistance as of now. Sit back and enjoy. Projecting drop today through tomorrow?
SP:SPX
by StockSignaler
2
US500 S&P500Good afternoon, I hope you're all right. Today we present our analysis of THE S&P500. It is currently close to historical highs levels. But the situation in the short term will be of extreme volatility. In the medium term, in November IT'S GOING TO BE AMERICA'S ELECTION. POSSIBLE MEDIUM-TERM MOVEMENTS 1 BULLISH 2 BEARISH I recommend you see it on this same chart from the long, short and medium term. WHAT DO YOU THINK? Sincerely L.E.D A cordial greeting In Spain at 3/10/2020
U
by wallstreetstocks