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Fibonaccianalysis

IRDM : POSITION TRADEIridium Communications: A Great Company At A Fair Price NASDAQ:IRDM - Iridium Communications has done really well in recent months between landing another large contract and increasing financial guidance. - This has sent shares roaring higher, but this has a downside to it as well. - The stock seems to be more or less fairly valued at this time, even though the firm remains excellent for long-term investors seeking stability. ...As revenue has risen, profitability has also increased. Net income of $4.6 million in the latest quarter was higher than the $3.8 million reported the same time one year earlier. Operating cash flow in the latest quarter came in at $99.8 million. That's 32.7% above the $75.2 million generated just one year earlier. Meanwhile, EBITDA for the company expanded from $94.8 million in the second quarter of 2021 to $105.9 million the same time this year. Naturally, this strong bottom line performance has had a positive impact on the company's results for the first half of the year as a whole. Due to how things are turning out so far this year, the management team at Iridium Communications decided recently to increase their guidance for the current fiscal year. Read more on: seekingalpha.com Daniel Jones, Seeking Alpha, Aug. 02, 2022 11:15 PM ET
NASDAQ:IRDMLong
by TradingMavericks
USOIL - LONG - WEEKLY ANALYSISThe "USOIL" has been in a downtrend since May - 2022 and it stands to reason that we will start to see a bottoming soon if necessary. In today's post, I will analyze in more detail at which key areas we can expect a bottoming. - For this, we will look at the "USOIL" from the weekly view and integrate elements of the daily, weekly and monthly charts. In the following, I will go into more detail about the individual areas and break them down in an understandable way: 1. | FIBONACCI RETRACEMENT | For this Fibonacci retracement we take the movement, which started in - December/2021 - and ended in - March/2022 -. -> 0.786 FIB = 76.79 USD | Successfully processed -> 0.88 FIB = 70.50 USD | Pending retracement > As "BLUE" lines + area - drawn in the chart. 2. | FIBONACCI RETRACEMENT | For this Fibonacci retracement we take the movement, which started in - November/2021 - and ended in - March/2022 -. -> 0.618 FIB = 70.25 USD | Pending retracement -> 0.65 FIB = 67.18 USD | Pending retracement > As "ORANGE" lines + area - drawn in the chart. 3. | DEMAND ZONES | The demand zones formed at the beginning of the upward movement, so they were created and in - November-December/2022. -> MONTH ZONE = 62.46 - 77.41 USD | Pending settlement -> WEEK ZONE = 62,46 - 72,97 USD | Outstanding settlement -> DAY ZONE = 66,24 - 70,42 USD | Pending execution > As "GREY" areas - drawn in the chart. 4. | POINT OF INTEREST The point of psychological interest, was created the first time in - August/2005 - and showed some reactions since then. -> POI = 70.00 USD | Pending settlement | In the upcoming situation, the POI should be used as a support. | POI is used as ZONE -> no point exact support. > As "TURKIS" line - drawn in the chart. NOTE -> Psychological numbers are relevant decision points, because the human brain (subconsciously) prefers round numbers. -> For this reason, a lot of interest (orders) accumulates at these points, which serve as required liquidity for institutions. 4. | CONCLUSION How the detailed scenario for "USOIL" could look like, cannot be guessed at the moment, so we have to postpone the more detailed consideration to the future. Despite this, the key points I have presented, will most likely trigger a reaction. -> As soon as we reach the areas, I will upload a detailed execution. Feel free to discuss it in the comments and share our perspectives, I would be "burning" to hear your take on it all. Thanks a lot and happy trading!
TVC:USOILLong
by ZielIstDieAutarkie
Is MSFT's bullish momentum depleted? The uptrend channel A 100% parallel extension of the uptrend channel indicates the strength of this bullish trend. Symmetrical projection: An uptrend N pattern By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C, the target price would be point D at $303.3. Given that the anticipated symmetric pullback to point E did not occur, my expectation is for a further 100% extension from point D. As a result, the target price has been revised upwards to point F at $360.8. Other key levels Resistance The historical highest high at $349.6 is a very strong resistance level, coinciding with the upper band of the channel's 100% extension. The more resistances encountered, the harder it is to break through. Support The 1.5 extension level at $ 332 is a support level that has been tested. Clear price reactions to key Fibonacci levels can enhance the overall significance and value of the analysis. The prior low level, which is at $322.5, can always act as a significant support level. Moreover, it’s a resistance turned support level, making it more important. Possible scenarios If the uptrend continues… When facing the key resistance at $349.6, the market should exhibit a clear movement, like a gap-up opening or a significant bullish candle, to demonstrate its determination. If the bullish momentum is depleted… The market is likely to pull back the price to below the prior low level, which is at $322.5. Compared to the 1.5 extension support level, the level of the prior low holds greater importance. If the 1.5 extension support level is breached, it serves as a mere warning. However, If the level of the prior low is breached, it disrupts the rhythm of a healthy bullish trend and makes price movements difficult to anticipate. Conclusion If the key support at $322.5 is breached, it’s better to step out of the market. Allow the market to stabilize on its own, and wait for a clearer signal before reentering. If not, the uptrend will continue, and the target price remains at $360.8. Hindsight bias part While our target price is $360.8, the prior historical high level at $349.6 represents the optimal target price. Considering the formidable resistance at the prior historical high, I prefer to sacrifice a small portion of potential returns in favor of a higher probability of success. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
NASDAQ:MSFT
by stock_adelie
PERI : POSITIION TRADEQ3 : EARNINGS CALL HIGHLIGHTS: Looking at the last 8 quarters, our ability to exceed the rule of 40 is not a series of anomaly or a one-off success. Quite the opposite, we are outperforming the industry because we are built on the fundamental recognition that adtech must be able to respond, underlying response to the trend with ability and agility. Revenue of $158.6 million, reflecting 31% year-over-year growth, the highest quarterly revenue since 2014. Adjusted EBITDA of $33 million, 21% of revenue compared with 15% last year, reflecting 87% year-over-year growth. Net -- GAAP net income of $25.6 million, 141% year-over-year growth, the highest quarterly net income since 2014. Non-GAAP diluted earnings per share of $0.61, reflecting 53% year-over-year growth. The third quarter revenue was $158.6 million, an increase of 31% year-over-year. The strong continued revenue growth reflected a CAGR 38%. Display advertising revenue increased by 26% year-over-year to $86.8 million, 55% of total revenue. Market adoption of our holistic video platform solution continued to rise. Video revenue more than 3% year-over-year, representing 44% of display advertising revenue. The number of video platform publishers increased by 88% year-over-year from 34% to 64%, and the revenue from retained video platform publishers increased by 67% year-over-year. Third quarter OpEx and COGS amounted to $31.7 million or 20% of revenue compared with $33.1 million or 27% of revenue last year. This impressive achievement reflects the execution of our business strategy. On a GAAP basis, net income was $25.6 million or $0.53 per diluted share, an increase of 141% compared with $10.6 million or $0.28 per diluted share in the third quarter of 2021. On a non-GAAP basis, net income was $29.9 million or $0.61 per diluted share, an increase of 94% compared with $15.4 million or $0.40 per diluted share in the third quarter of 2021. Adjusted EBITDA of $33 million, reflecting 94% year-over-year growth, adjusted EBITDA margin of 21% compared with 15% last year. Adjusted EBITDA to revenue, excluding TAC increased from 37% in the third quarter of 2021 to 51% during the third quarter of 2022. Operating cash flow was $34.7 million compared with $14.2 million in the third quarter of 2021, reflecting 145% year-over-year growth. As of September 30, 2022, cash, cash equivalents, and short-term bank deposits of $390 million compared with $322 million as of December 31, 2021; continuously generating positive cash flow. Full earnings call transcript and presentation on the links below: Transcript / Audio : seekingalpha.com Presentation : wp-cdn.perion.com
NASDAQ:PERILong
by TradingMavericks
SOL/USDT Review Long-TermHello everyone, I invite you to review the SOL chart, taking into account the one-day interval. As we can see, the price has moved up from the sideways trend channel, and is currently testing the maintenance of increases, at this point it is also worth using the yellow line to mark the local uptrend line along which the price moves. In order to determine the current support spots when SOL starts a correction, we will use the Fib Retracement tool and we can see that the first significant support is at $22.91, then we have a second support at $20.04, then a strong support zone from $17.31 to $13.24 Looking the other way, we can similarly determine the places of resistance that the price has to face. However, here it is worth noting that the price is struggling to stay above the resistance at $ 26.99, which is located at the golden point fib. then we have a strong resistance at $32.24 where the price turned around and a third resistance is at $38.71. We will now mark the place where the price moved decisively above the EMA Cross 200, which gave a strong confirmation of the transition to an uptrend. The CHOP index indicates that the energy has been used, the MACD indicates that the uptrend is maintained, while the RSI crossed the upper limit of the range, which gave the price a pullback, but we should still see a rebound after such a large increase.
by cryptodailyuk
EUR / USD - IS THE UPWARD FLIGHT COMING TO AN END?My analysis today deals with how the further course of our popular currency pair "EUR / USD" could look. > The technical analysis and selected indicators, confirm the thesis of an imminent correction. = Why this is so, that I explain after the introduction. The DXY / USD has a non-negligible impact on EUR /USD, as the whole economy depends on its behavior. > Meanwhile, this seems to take run-up, for a final upswing, which could bring the precious metal under massive selling pressure. > Regardless of these selling pressures coming from the USD, SILVER has been somewhat caught at a very strong resistance, which foreshadows a falling price. In the following, the analysis goes into detail, so that the significant levels and areas are known to you. For this purpose, I have performed a "MULTI-TIME-FRAME" analysis, which refers to the higher time units (month & week) and thus makes the big picture visible. Normally all time units below "1h" are called noise, but even a - 1h-4h - analysis is of no use to you, if the knowledge about the big and whole is missing. > We traders know that no one can predict the future and that is exactly why you have to be prepared for all initial situations. > If the DXY should rise again, that means "BLOOD" for the traditional and crypto markets. > This creates dangers, but also opportunities - it is important to look at the big picture. > Which levels are RELEVANT, I have explained in detail in the following pages. Table of contents 1st part = INTRODUCTION 2nd part = TECHNICAL ANALYSIS = Monthly - Time frame = Weekly - Time frame 3rd part = CONCLUSION PART ONE "INTRODUCTION" After "EUR/USD" formed a top at - 1.235 - in January|2011, a strong sell-off has been unleashed after a retest of the level. > This sell-off completed in September|2021 and formed our current bottom. > That the pair was in a "Symmetrical Triangle", many seem to forget at the moment, which is why I hereby again explicitly refer to it (marked in purple in the picture.). > The breakout of the triangle was the reason for the strong sell-off and is just challenged by the price again. > In recent weeks, we have seen a very strong upward movement, which I believe could be on the verge of a correction. = We are at the lower resistance line of the previously mentioned "symmetrical triangle" which played a major role from 2017 to 2022 |. = Significant FIBONACCI levels and SUPPLY zones, are located in the zone and thus represent a magnet for institutional investors. = This means translated that the price can bounce off the "Symmetrical Triangle". However, it cannot be ruled out that the institutional investors, will take the liquidity located at the "magnet levels." = To get some clarity, we must wait for the reaction of the DXY, which will decide the following course of the EUR and the economy. = The "DAILY" - MACD + RSI - both show divergences, which further strengthens the correction thesis. > This divergence is seen in many other pairs trading against the USD, which further supports the thesis of a sell-off. > Once you look at the DXY (USD index) on the higher timeframes, the further sell-off in the traditional markets becomes even more likely. (My DXY analysis is linked below this post, for confirmation purposes). SECOND PART TECHNICAL ANALYSIS For the analysis of the higher time levels, I proceed according to the onion-skin principle. > MONTH - level > WEEK - level > DAY - level These are divided into > SUMMARY > CHARTS The charts are presented in logarithmic scaling, as the given information can be visually presented in a more harmonious way. (This also refers to Fibonacci levels.) 1st MONTH – Time frame SUMMARY The trend channel shown in the chart, in turquoise, was formed since 1978 and since then it was able to maintain itself as a legitimate trend channel. Its mid-trend line showed reactions when confronted and was respected by the market. > The price is outside and had given up in 2018 after unsuccessful attempts to recapture the channel, initiating the MAKRO sell-off. The earth colored trend lines drawn, formed in 2003 + 2008 and served as support or resistance since then. > Price is running into the resistance line (2008) and may be facing the next major task with it. The in the chart, drawn in purple - "Symmetrical Triangle", formed since 2017 and directed the price since then. > The price broke through the triangle in April | 2022 and is currently demanding recovery. The red colored trend line formed in 1992 and represents an inconspicuous but relevant level. > If you look at the past of this trendline, you can see quite quickly what strong influence it played. When we go into more detail about the "SUPPLY & DEMAND" zones, you can look at the "DEMAND" + "SUPPLY" zones I highlighted on the chart. > D|1 - Zone | STRONG = followed a strong move + bounced off lower support line. > D|2 - Zone | VERY STRONG = followed extremely - Strong move + origin 2001. > D|3 - Zone | VERY STRONG = followed extreme - Strong move + origin 2001 + quarterly zone > S|1 - Zone | WEAK = occurred during sell-off, not the trigger. > S|2 - Zone | STRONG = followed a strong move + prominent FIB level + symmetrical triangle + quarterly zone > S|3 - Zone | STRONG = followed a strong move + prominent FIB level + symmetrical triangle + quarterly zone > S|4 - Zone | VERY STRONG = followed extremely - strong + macro FIB level Fibonacci retracements should serve us as additional confirmation, and have been considered in past movements (last decades). > FIB 1 | will serve as the strongest resistance should the price attempt another run up. > FIB level > FIB 2 | are the possible resistance targets, which would be feasible in case of a successful breakout of the "Symmetrical Triangle". > In combination with the 0.328 FIB from the MACRO FIB Level a very strong resistance. > FIB 3 | are the next correction targets, which become relevant in case of a direct sell-off (immediately after this analysis). > FIB 4 | is a strong MACRO support level (0.88), for a further sell-off. Past highs and lows usually serve as resistance/support, one of which we have. > HIGHER HIGH Some levels of interest are in front of us, which in the last months + years, played a strong role for the market. > The currently most relevant - POI (1.145 USD) - represents an important mark already since the year 1980 and thus takes a currently very strong resistance role. > The other POIs are by no means negligible and will play a role in the price development in the coming days, weeks and months. (Therefore, take your time and transfer the ones that are relevant for you into your chart). CHARTS Overall picture Overall picture without POIs + MSBs ATTENTION In the following time levels, I will only deal with the NEW, added elements. . 2nd WEEK – Time frame SUMMARY The monthly "SUPPLY & DEMAND" zones are joined by others from the weekly view that coincide with other resistance / support elements. > D|1 - Zone | WEAK = is a Rally-Base-Rally Zone, but additional resistance support by MSB (2020) + Trend line (Red) > D|2 - Zone | STRONG = followed a strong move + prominent FIB levels > S|1 - Zone | STRONG = followed a strong move + prominent FIB level + MACRO FIB + trend line resistance (earth colors) > S|2 - Zone | VERY STRONG = followed extremely - strong + macro FIB level + "symmetrical triangle" resistance line *** In addition, no further addition is needed, as the levels from the monthly level also cover the weekly perspective. THIRD PART CONCLUSION "And all without need - the euro is the EU's death." If necessary, this saying refers to the fact that the EURO was never intended to be a permanent currency, but only a transitional one. What this could mean on the future course of the exchange rate, everyone should think about. In summary, it can be said that based on the technical analysis, there are strong reasons for a long-term - falling EURO rate. > Since the price top in Jan|2021 - the quarterly candles were dominated by bearish and the current movement looks more like a rebound. > A possible breakout of resistance elements is possible, but should meet strongest resistance at 1.131 - at the latest. (I have marked this "death zone" with a "purple" area in the cover image). > The divergences in the daily RSI + MACD, suggest a bearish sell-off. For this reason, I assume a weak EURO exchange rate and a strong USD and an accompanying bloodbath in the traditional and crypto markets. > Positioning after confirmation of this thesis = SHORT . If this idea and explanation has added value to you, I would be very happy to receive an evaluation of the idea. Thank you and happy trading! ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
Short
by ZielIstDieAutarkie
12
GBPUSD → What kind of reaction could there be to resistance? FX:GBPUSD continues to form an uptrend, but at the same time the price is hitting a strong resistance area. We are waiting for the price to react to the area, which will determine the further direction. A retest of the level 1.28484 will tell us that the market will prepare to strengthen after breaking through resistance, but a consolation below the level will signal further decline to 1.26900. In an uptrend, the price could test the resistance again in the near future. The dollar is in a range and a decline towards support will give the currency pair a jump to break through resistance. The pound might continue to strengthen in the mid-term based on a more positive fundamental background than the dollar. Support levels: 1.27267, 1.26800 Resistance levels: 1.28484 I expect an attempted retest to the resistance, which may give a further signal. It is necessary to monitor the price reaction to the upper limit of the range. It may be followed by a pullback before further growth. Regards R.Linda!
by RLinda
15
Nasdaq for the coming week (7/10) Channel - There’s a clear uptrend channel. Symmetrical projection: An uptrend N pattern - By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C. - As the expected symmetric pullback to E did not occur, I anticipate a further 100% extension from D to F ($16733). The target price level aligns with the historical high level, adding significance to the target price. Resistance levels on the way - The price range from $15340 to $15360 is a crucial resistance level zone, as it aligns with multiple key Fibonacci levels. The 0.786 Fibonacci retracement level of the entire downtrend from point X to point A'. The 1.5 Fibonacci extension level from point Y to point A'. - $16216 could serve as another potential target if we apply a more conservative initial swing from Orange point A to point B. Support/ Defence level for bulls - The prior low at $14250 is a key support level that shouldn't be broken, otherwise, the bullish momentum will be difficult to sustain. - In addition to being level D, the level aligns with two critical Fibonacci levels, further enhancing its significance. The 0.618 Fibonacci retracement level of the entire downtrend from point X to point A’. Assuming the current high marks the end of the uptrend, the 0.236 Fibonacci retracement level of the uptrend from point A’ to point Z perfectly aligns with the prior low level. Key points on the chart. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!
by stock_adelie
2
$BTCUSD #Bitcoin Can Breakout SoonTraders and investors, Bitcoin has been causing a lot of confusion among traders and investors. So let's break it down and understand. 1. in June 2022 (1 year ago) Bitcoin broke out of the 30000 price tag but never retested that. 2. This year it formed a W pattern to reach that level and retest it. 3. The price reached 30000 this year and completed that W pattern. When a W pattern "completes" the market goes down. So Bitcoin started to fall from there. 4. It reached its target level of Fibonacci 38.2 which was also a good confluence of Structure and Trend Line 5. This formed a flag pattern. 6. Currently the price is supported by the trend line and moving slowly inside the flag 7. This has been going on for quite some time now. So a breakout is imminent. 8. If it breaks out to the downside it can fall further to foran M pattern around 21477 9. If it breaks above the previous high of 31163 and confirms then it will become bullish and can target a bigger W pattern completing around 36783 and a better W pattern at 41000. 10. Caution: Until the breaks and confirms the previous high of 31163 there will still be a chance of it falling down to complete the M pattern as pointed out in point 8 above. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
COINBASE:BTCUSD
by vikinsa
AUD:SGD Inverse Head & shoulders, Macro long, +47% TargetMacro change in AUD vs SGD, golden pocket reacted nicely for a higher low & beginning of up move for the right shoulder of the inverse head and shoulder. There are 3 decent trades here: Inverse H&S, Algo and pitchfork reversion. looking for a pullback for an easy entry with tight stop but could also enter here for a decent R:R Key points: Reversion to the mean @ +22% - 7.3R with 80% probability as long as the pivot holds. target increases the longer it takes to hit. Algo target @ +22% - 7.3R Trade to the neckline @ +10% - 3.3R Inverse head and shoulders target @ +47% 15.3R Waiting for a retrace and local 0.618 enables tighter stops and a much better R:R The trade: Entry 1: here - 0.91949 Entry 2: after a local retrace, enter @ 0.168fib Entry 3 once inverse H&S has confirmed enter on the re-test of neckline Target 1: neckline ~ $1.02 Target 2: Algo $1.12621 Target 3: Inverse H&S $1.35258 Stop 1: 0.89144 - below local 0.65fib, move up until local high is established Stop 2: after breakout, monthly close below neckline - may give a better exit on a retest fro below neckline Risk management: position should risk no more than 2% of account balance for a drawdown. If given the opportunity with additional .618 retracements add to position & move stop to new .707. Take profit at targets and re enter on pullbacks. D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Long
by TribeWriter666
BTC/USDT 4HInterval Analysis Hello everyone, I invite you to check the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use blue lines to mark the local downtrend channel in which the BTC price is moving. Going further with the Fib Retracement tool, we will check where we can expect support for the price when the correction begins to deepen. And here we see that currently the price has held a strong support at $25307, however when the support is broken another very strong support is at the so-called fibon golden point of its 0.618FIB, equal to $23955, and then we can see the price return to around $22017 . At this point, it's worth looking at the EMA Cross 200, and here you can see that the price fell below the moving average, which indicated the place of return to the downtrend. However, now it is worth watching if the red line of the ema cross 10 will cross the green line of the ema cross 30 from below, which may give an upward impulse and an attempt to break the ema cross 200. Looking the other way, we can determine the places of resistance in a similar way. First there is resistance at $26,238, once it is broken, the next resistance is at $27,169, then the third strong resistance at $27,906, then the price will have to break the strong resistance zone from $28,657 to $29,708 to could go further up. Please pay attention to the CHOP index, which indicates that we have a lot of room for further growth, the MACD indicator indicates entering a local uptrend, while the RSI shows a visible increase, but with room for the price to try to attack the first marked resistance. Finally, we can see that the recent downward movements had a much larger volume, but it can be seen that the predominance of green candles with a slight increase in their volume is beginning to appear.
COINBASE:BTCUSD
by cryptodailyuk
2
EURUSD weekly outlook: Bearish bias for June weeks 3-4Weekly Outlook (W) Bear bias until price action establishes an uptrend above 1.1092 6/15/23 Still making higher highs and lower highs Last week of May just made the last higher low @ Weekly fib 78.6 level Expectation: IF Continues uptrend: reach last HH level or 1.1100 and eventually 1.1250 (27 ext) If not: Price reactions from levels below: 1) 0.0865 H&S Weekly line and does a downtrend from there 2) Weekly IMB and OB with BOS down. INVALIDATION POINT: 1.1092
Short
by RSC_FX
2
1 Week Gold Intraday Turning Point ForecastHi, everyone! Following my previous daily forecast, as i said before i will try to do a intraday forecast Okay, so this is how central banks actually trade They don't care about price, but they do extremely care about time Behind this forecast i use a method called harmonic analysis which W.D Gann use in 1920s and because we live in technology era i also combine it with my special custom neural network algorithm, which i designed earlier. I haven't test this method yet, but i think it should work too,, but maybe it could also happen very off from what we expect earlier. So, remember that i don't provide any trading plan! Okay... i just want to share my knowledge on GOLD All time zone was in UTC+7 and 24H format to avoid confusion 12/06 5:15 8:00 14:45 20:30 23:30 13/06 3:45 8:00 11:15 16:00 22:30 14/06 2:30 5:30 8:45 15:15 17:45 23:45 PROBABLY MAJOR (DUE TO FED NEWS) 15/06 3:45 9:15 HARMONIC MAJOR (MATHEMATICAL TIME MAJOR CYCLE) 10:45 15:30 19:15 00:30 16/06 4:45 9:45 13:45
TVC:GOLDShort
by Chartwatcher1996
$DJT: Dow Jones Transportation Average Not Confirming The RunIf you wanted to know whether or not the market was on a bull run or not, all you had to do was look at the Dow Jones Transportation Average or even AMEX:RSP (which definitely does not fit the bull market, showing that overall the S&P 500 has barely broken 15% gain since October). More important though is the transportation average breaking off from the rally ahead of the rest of the market. When transportation is leading us lower this is not a good sign for the economy. Other economic indicators support this thesis. For example, cardboard box demand is the lowest it's been since 2008. Showing signs of a decline in goods demand. For more insights on trading and investing check out the Equity Channel Podcast on Apple, Spotify and Amazon.
DJ:DJTShort
by D1Finance
BTC retesting the resistance and May go deeper (25000$- 24000$)BINGX:BTCUSDT.PS BTC almost retest the resistance and there is two possible scenario: 1- Best case: Will support on Fibonacci 0.382. Then retest the 0.236 resistance ( topside of pitchfan and daily resistance at the same time too). I guess after that will move to fibonacci 0.5 level (25200$) 2- Worst case: Will dump straight to test the fibonacci level 0.618 and center of pitchfan at the same time (near 23900$)
Short
by Zolfaghari