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TELESTE (TLT1V) | Under The Fair Value, Potential +30-40%Hi, Another stock idea, they have been pretty accurate so, let's hope that the pattern doesn't change :) Teleste Corporation provides video and broadband solutions, and network services in Finland and internationally. I have great news for investors because it starts to approach technically a good rejection area, plus - Teleste trading below its fair value and earnings are forecasted to grow. The fair value should stay €7-8. Technical criteria: 1. The light-blue horizontal line represents a strong area. This price zone has been four-time yearly high or yearly low and currently, it should act as a support. 2. The gray trendline, it is not a textbook trendline but in the stock market, they don't have to be so perfect as they should be in Forex trading. They both make up a crossing area which is already a good sign on the Monthly chart. 3. There is also a minor red trendline, waiting for a third touch which should act as a support. 4. 50% from the recent high. Actually, the bounce-pocket stays between 47-53% and this matches exactly with our other criteria. So, a Monthly chart and a pretty solid crossing area. For short-, mid-term investors (let's say 2 months or half a year) - wait for a Weekly bullish candlestick pattern. For long-term investors - technically a good entry stays between €4.2 - €5.00 Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Best regards, Vaido
OMXHEX:TLT1VLong
by VaidoVeek
1
Ethereum could go up 200% over the next few months!!!The Istanbul Hard fork is scheduled to happen this Saturday. This will allow transactions per second to climb from 15 to 3,000! Combine that with the fact that the DEFI space is growing exponentially and we're looking at formula that could very easily break us out of our falling wedge and to the top of the upper end of the trade channel. 1. Count down clock for the upgrade ---> etherscan.io 2. 3,000 transactions per second ---> www.fxstreet.com 3. Shows DEFI utlization ---> defipulse.com 4. Chico can be a little crazy but his take on Defi is spot on ---> www.youtube.com
COINBASE:ETHUSDLong
by In_the_future
AURORA CANNABIS (ACB) | Risky, But Probably Worth It!Hi, Aurora Cannabis Inc. produces and distributes medical cannabis products. Obviously, it has some mixed fundamentals but technically it may find some buyers around 2.00 - 2.50. Technical criteria are pretty strong, some of them are a bit subjective but in general, we have a strong crossing area. The green box consists of: 1) 2016 & 2017 high/resistance should start to work as a support level. 2) Actually, it has already started to act as support. In the last week, the price got a rejection upwards from the gray area (2016/17 high) and formed a Spinning Bottom candlestick pattern - bullish candlestick pattern. 3) Now, a bit subjective but still, channel projection worked as a support level and they make up a crossing area with the gray zone. 4) The crossing area becomes even stronger because we have D point exactly inside of it from the pattern called AB=CD 5) Fibonacci Extension 127% should make it (marked bounce area which stays between 2.00 - 2.50) also a bit stronger. 6) The current seasonal "pattern" favors buyers. It means that the end of the year has been pretty profitable for Aurora and the last upwards rally started about a year ago also in December. Target is up to you but the strongest resistance level stays around the 5.00 and if it reaches there from the current area then it will be 100%+ profit. Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Best regards, Vaido
ALong
by VaidoVeek
6
S&P 500 | Time For Correction!?Hi, S&P 500 (SPX) has reached inside the area where it may make a correction after 6 continually bullish weeks. Technically, I did everything I could to determine the area which can act as resistance (it is difficult if the asset makes all-time highs), it consists of: 1. 3x Channel projections. They all should work as resistance levels. 2. Minor trendline (light-blue) 3. Short-term AB=CD and actually at the moment, we are on the D point. So, do not be surprised if the correction starts from here (3120-3130) 4. 2-3x Fibonacci Extensions 5. The middle number 3200. Basically, at the moment is this situation - if you can draw some logical lines from somewhere then they run through the marked red resistance box. The second considerable resistance box stays around 3400 but I think we will see a correction before we even reach there. If the correction starts then probably it goes back to retest 3,000. Please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Best regards, Vaido
SP:SPXShort
by VaidoVeek
9
BITCOIN | Strong Crossing Area!Hi, It is hard, it is really hard to find something good and shareable but every time I'll try to come up with an area that may help you or may play a role in the further price action. This time, I'd like to trade it myself. Obviously, there are some certain rejections that I need to wait for because of lack of my "bread-and-butter" criteria but in general, it should offer something - win or lose. :) To be said, I even started to draw an RSI trendline! This should give you an idea of how difficult this level is because I don't use those lagging indicators almost at all. I HATE those big Daily candles (25. & 26. Oct.), I hate that low volatility after those big candles, I hate this slow death after those Daily candles BUT luckily, here are pretty good long-term criteria that allow you to read the chart properly. Okay, let's talk about the criteria which make up a crossing area around the $7,700 - $8,000: 1) The fat gray trendline from 2019 high. I said that I hate those massive candles but there is something good about them as well. This trendline worked several times as a resistance line. Multiple failed attempts to push the price above of it, nothing, but after the end of October pump, the price managed to crack the trendline with a strong and powerful candle. It shows perfectly that this trendline is really strong because we needed a hell of a power to make a breakout from it. In general (textbook example), after the breakout, you should wait for a retest to get better entry and currently, the price has started to approach that trendline (which now should act as a strong support level) to make a retest. 2) The yellowish area is historically a strong area. Pulled on the Weekly, several rejections and etc. Recently, it has worked also as a strong support level. It is great that those historically strong basic technical analysis criteria make up a crossing area just below the current price. 3) The black trendline - pulled from 25. April, second touch 23. Oct. It is not the strongest for several reasons - the distances between touches are too asymmetric and etc. - but it is good to have it because it adds a bit strength to the crossing area. In general, good to have it. 4) The round number $8,000. Again and again the 8k. It is almost like the magic number, let's see can it do magic this time?! :) 5) Fibonacci Extensions. Why I have this low volatility after those massive candles are the downwards waves. So difficult to read those tiny bounces and if it is difficult then this decreasing the trade success rate because all become a bit subjective: "I can draw those from here, ahhh...I can draw those from here as well and etc. etc." - basically, it is super easy to make mistakes. 6) Still, I have found some logical AB=CD waves. D points are in the middle of the crossing area. 7) Weekly EMA50 should also add a bit of strength to the current area. Basically, here are a few opportunities to make a BUY: Riskiest: Buy immediately after the price has reached to $7,850 A bit less risky: Wait for a 1H candlestick pattern inside the yellow area. A bit safer: Wait for a 4H candlestick pattern inside the yellow area. Safest: Wait for a 1H or 4H candle close above the light-blue counter-trendline. Counter-trendlines have offered a lot of pretty amazing trading opportunities (the last one was a sell from 9,200 to 8,600). This time the starting platform (the fat trendline and the yellow support crossing area) is pretty good. Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Best regards, Vaido
COINBASE:BTCUSDLong
by VaidoVeek
135
SEB (SEB_A) | Money-Laundering Concerns! Keep an eye on ~60!Hi, Shares of SEB' AB (Skandinaviska Enskilda Banken AB provides corporate, retail, investment, and private banking services in Sweden and internationally) fell by more than 14% (on Friday) as investors worried that another Nordic bank will be dragged into the scandal over money-laundering. It is hard to say, how the following weeks/months may affect the SEB price (investigations are ongoing) but anyway, I would like to point out a technically strong price level which should play an important role in further price action. Currently, I can only recommend - stay away from it. The price can get more hits during the investigations, especially when these stories get firmer confirmations. To talk about that price level - my eyes are pointed around 60. It needs to fall another ~25% to the mentioned level and definitely, it is doable. I don't want bad but as an investor and trader, I'm looking forward to this level because technically, it is a pretty strong and clean one. Two other major Scandinavian banks, Swedbank and Danske, had already been subject to major investigations in large-scale money laundering activities and I would like to share a comparison with Swedbank, who has already gone through it (almost): As you see, the historical similarities have been pretty amazing. Now, we can take this Swedbank price movement as an example (Swedbank price is the orange line) and it is pointed also to my mentioned "keep-an-eye" level 60. Let's count the other criteria which should act as support levels: 1) Okay, the comparison with Swedbank is pointed to the marked area. 2) 2000/01, 2011 clean resistance levels start to work as a support level. 3) The middle number 60 itself should work as a tiny support level. 4) Channel projection bottom trendline may push the price upwards from the green area. 5) Different Fibonacci Extensions are adding strength to the shown area. 6) Fibonacci retracement 50%. Pulled from 2009 low to 2015 high. 7) AB=CD 8) If the price reaches to the shown area, then it has fallen from the 2015 high at 111.50 to the ~55, which is 50% from the recent high and pretty often stocks make a bounce after they have fallen approximately 50%. So, it matching perfectly with our mentioned area. 9) Obviously, perfect would be a bullish Weekly or Monthly candlestick pattern formation around the green area! Summary: As said, stories around the SEB' stock are serious which makes this stock extremely risky to invest/trade at the current price levels. Be patient, wait for conclusions and if the conclusions are enough for you to be satisfied (after the price has reached ~60) then this could be a perfect spot and timing to invest or reinvest to SEB'. What if it doesn't reach to the mentioned area? Nothing(!), the situation around Nordic banks is highly risky and I search only high-probability investment setups, not the mediocre ones. Mediocre setups can easily damage my success rate, especially under such conditions. If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Regards, Vaido
OMXSTO:SEB_A
by VaidoVeek
BERKSHIRE HATHAWAY(BRK.B) | Short-Term 10% Growth Potential If..Hi, The "famous" and loved stock among investors, Berkshire Hathaway, approaching a pretty sweet breakout zone. Since the mid of 2018, the price has started to "draw" a chart pattern called Triangle. At the moment, we can say that this Triangle is a continuation pattern and if we see a Weekly candle close above the upper orange trendline (marked as a green area) then this trade/investment is triggered and it will start to approach new ATH's (all-time highs). Price, a candle close around 214-215. Several channels and wave analyses are pointed to the light-blue area, which is also "stock-short-term" target area, price 230-235. Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets, and also owns 38.6% of Pilot Flying J, 26.7% of the Kraft Heinz Company, and significant minority holdings in American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.4%), Bank of America (6.8%), and Apple (5.22%). Since 2016, the company has acquired large holdings in the major US airline carriers and is currently the largest shareholder in United Airlines and Delta Air Lines and a top three shareholder in Southwest Airlines and American Airlines. Berkshire Hathaway has averaged an annual growth in book value of 19.0% to its shareholders since 1965 (compared to 9.7% from the S&P 500 with dividends included for the same period) while employing large amounts of capital, and minimal debt. The company is known for its control and leadership by Warren Buffett, who serves as chairman and chief executive, and Charlie Munger, the company's vice-chairman. In the early part of his career at Berkshire, Buffett focused on long-term investments in publicly traded companies, but more recently he has more frequently bought whole companies. Berkshire now owns a diverse range of businesses including confectionery, retail, railroads, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales, newspaper publishing, manufacture and distribution of uniforms, and several regional electric and gas utilities. According to the Forbes Global 2000 list and formula, Berkshire Hathaway is the third-largest public company in the world, the tenth-largest conglomerate by revenue and the largest financial services company by revenue in the world. As of February 2019, Berkshire is the fifth-largest company in the S&P 500 Index by market capitalization and is famous for having the most expensive share price in history with Class A shares costing around $300,000 each. This is because there has never been a stock split in its Class A shares and Buffett stated in a 1984 letter to shareholders that he does not intend to split the stock. If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
NYSE:BRK.BLong
by VaidoVeek
2
What is the role of speculators (short term)?To mainstreet, speculating is "what wall street does" and "is abstract", sometimes "what banks do", they have no idea what it is for, the image I guess is fast cars and stupid banker drinking champagne all the time? The wolf of wall street. Wolf of wall street was a stock broker, but they're all just the same to people aren't they? Plenty of people get involved in markets, but I want to focus on what I do which is speculating. Risk taking. Predicting the future. This is what 99% of new fresh retail traders think of when they first get in. I rarely see a definition of what trading is, and I even never or very rarely see it divided in different areas (as I said on the chart, arbitrage market making etc are different from speculating). Today for the first time someone is going to explain exactly what it is and what its purpose is, market by market (but really I'm going to explain for forex & futures which are my area of expertise and just throw out guesses for the rest). And yes, it does serve a purpose, at least in forex & futures it does. * Futures (Metals Agriculture Energy) Futures markets allow farmers, industrials, miners, businesses in general, to conduct business efficiently without having to worry about price fluctuations. This has to be the easiest to understand, because physical goods are involved and real people that need to buy or sell these goods regardless of events they have no control on. This, the futures exchange market, has existed for at least 10 millenia. 10000 years! Can you believe it? In 1750 BC, trading was carried out at temples, so they even had a trading floor like the CME before computers. medium.com (On the internet you can find the story of Thales - the mathematician & philosopher you probably heard about at school- that predicted the olive harvest would be exceptional and speculated on that, and made alot of money doing so. That was 26 centuries ago). Futures have existed for as long as agriculture did. Our entire civilisation is based and relies on futures! Some examples: Grains (Corn Wheat Soybeans Rice). So to sum up: - On one side: Farmers & Food manufacturers/distributors looking for price stability so they may run their business smoothly. Get rid of the risk. Their job is producing or processing food. - On the other side: Speculators eating up all of the risk, miam miam miam nom nom nom, dealing with market fluctuations and portfolio fluctuations. Their job is to take risk and anticipate future price movements. One could almost say with certitude, there would be no civilisation without speculators fulfilling this role. Complete mayhem. Industrial metals: Another example with food: From a company that sells advice to food industries and manufacturers: Supermarkets that put small businesses out of business are now also at a risk of closing shop, as consumers want the cheapest goods they can get: Concrete simple quick example of when unhedged costs can really destroy a company: According to a SEC filing they have 30 billions of debt. They are completely vulnerable to the weather and other random events. 2 catastrophies and bankrupcies in less than 20 years are you serious? And consumers are paying for it? See why futures are useful now? Ah, energy. No point repeating the basic principle, it's the same as for industrial metals & various agri goods. let's look at a few bankrupcies. The most famous one might be ENRON but that's not because of price fluctuation it's because they were crooks. By the way ENRON CEO created a crypto the day he got out of jail. What a guy XD He's instantly back to scamming. Energy Future Holdings. Calpine Corporation. Were, and still are, the largest generator of electricity from natural gas and geothermal resources in the United States. This is the opposite of the previous one. The previous one lost money because prices went down. That one went bankrupt because costs went up. All they had to do was buy long futures... Businesses that buy and sell energy fuel are part of the market, whether they like it or not. NOT buying long contracts inderectly makes them speculate the price will go down, OR that it won't go so high it will cripple them. Basically makes them bagholders holding onto a loser. The company received $2 billion in financing to allow it to keep its plants supplying customers. From taxpayers I assume? The great rektage of 2015. This is not an officially adopted name, it's one I choose to describe this. It should become the official term. What happened? More than 330 North American energy companies went bankrupt. Estimate of the cumulative debt fluctuate between 100 billion and 500 billion. www.houstonchronicle.com The WSJ keeps track of the listed companies bankrupcy filings since 2015, I am not sure they are all here but anyway it's still big: graphics.wsj.com Coal. Not sure how this works, but some companies producing coal went bankrupt when prices started to fall. James River Coal is still running, Patriot Coal is defunct, and its retired workers lost their health benefits. For the employees themselves there is not much they can do there. Recently you have US farmers that not only lost china as a customer, had their crops destroyed by a recent heat wave, but also have to deal with lower prices, because of the trade war (since demand dropped). www.cnbc.com Still, they are defending Trump, and he has an approval rating of near 80% with them. I know that even small farmers, not just big companies, participate in the futures market, but I don't really know how many. Anyone is allowed to. If there is 1 thing farmers industrials and utility companies can learn from this, it's don't gamble man. Leave the gambling to the professional gamblers. According to the CME (if I remember correctly), their futures speculators in general are not taking huge amounts of money home. So it's not like the price of hedging was insanely high. They might lose up on potential profits but at the end, their job is not to take risks and have massive fluctuations in their pnl and go bankrupt every few years. Another reason: Sustainable consumption level Copied from wikipedia because I am lazy: To sum up, what are speculators good for in the (industrial metals, energy and agriculture) futures market: - They absorb risk, allowing producers, industrials and consumers to not get (sometimes massive) fluctuations in their costs & profits - They may or may not price commodities more correctly via the research they do on those - Sustainable consumption level * Foreign Exchange There are so many exports in the world. Go to any store, it will be full of foreign goods. "Made in China" everywhere. Huge ship filled with huge containers are docking at Rotterdam every day. The biggest port for this stuff is Shanghai in China. In 2018 they processed 42 million twenty-foot equivalent units (big containers). I guess one of those can hold 2 cars, or a small truck with a car on it, or 25,000 kg of goods. Rotterdam is number 11 on the list with 14.5 million container equivalent processed. According to this: www.thebalance.com The USA in 2018 exported for $2.5 trillion and imported for $3.1 trillion. People importing and exporting goods are probably going to work with several currencies. They want to make money, the last thing they need is to lose money because of some foreign exchange fluctuation (countries have had fixed rates but it always ends bad as the forces of supply and demand mainly demand end up being too much to handle). About the fixed rates: countryfolk end up paying for that. Either the taxpayer directly through taxes, or via inflation as central bank/governement prints imaginary money out of thin air to buy their currency (or sell) to maintain that rate/floor. Even Bretton Woods system had its end. "On 15 August 1971, the United States unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency." Other hedgers might be someone from the US buying and selling a company. He buys a NZD company, its value goes up 15%, he sells for a profit and then converts back to usd. Wups, the NZDUSD rate dropped by 25% meanwhile, so he actually lost money. One third of the forex volume (I think) comes from swap "buy a currency on day 1 and sell another on day 2". Internet companies, like steam, can use the spot fx market for converting the money they made selling games (in this example) to europeans, into usd. Steam keeps their game prices stable, so either they take on the risk willingly, or perhaps they use the foreign exchange market to hedge against price fluctuations. I do not know what they do but this might be it. Ad revenue on the internet probably generates alot of forex trading... Same concept once again. Various businesses (businesses is such a wide term) are not trying to gamble, they are selling a service on the internet, selling soybean to china (too early?), selling cars to the US, selling electronics to the world, paying salaries worldwide, foreign investors don't want their 50% up investments in a stock market to make them lose 20% because of currencies fluctuations etc. Some have complained that speculators make the market more volatile, and hurt global operators especially those into import/export. And it's true when some investment bank traders are manipulating rates, obviously. The problem is not with speculating itself.. I would say speculators have these uses: - Mitigate or even almost eliminate economic activities risk from unknown future prices. - Fight idiotic central policies and forced rates, the way George Soros broke the bank of england. If it is possible to keep buying an undervalued currency, people are going to rob these central banks. Imagine you can buy a house at half the price in england... - Maybe via analysing every information about a product, they help set the "right" price of a currency (making the market more efficient) * Stock market Speculators in the stock market: - In the case of short sellers, they help remove capital from failing companies or even frauds (ENRON) & re-allocate it better, so they fight waste and prevent future investors from buying an overvalued company. - The bring liquidity? So investors can more easilly buy or sell? - They get excited and create bubbles that slow down the economy and causes millions of jobs to be lost? - That's it? * Bonds I have no idea. I hope you didn't check this post to see what I thought about bonds. * Crypto - Help make criminals richer (drug dealers paedophiles terrorists north korea) - Divert capital from the economy towards a ponzi scheme - Parasites that add nothing to society * Real Estate - Create bubbles - ???
Education
by MrRenev
Keep an Eye on the VIX!As euphoria has come back into the markets, with earnings coming in strong and the global macro environment looking a lot less hostile, US equities have made all-time highs in recent trading sessions. However, in spite of this trend, investors and traders should keep an eye on the VIX and market volatility. The VIX has reached our "Bounce Back" zone, indicated by our Weekly Support levels of around $11.91 in price, and 42.07 in the RSI. The "Bounce Back" zone is an area where volatility creeps back into the market after a period of calm. As can be seen in the accompanying chart, the VIX is currently at (or at the very least around) this level, both in terms of price and RSI - a level that usually sees a jump in volatility shortly after. Thus, after a period of relative calm and fresh new highs in the markets, we would just caution investors to keep an eye on the $VIX, as a bout of market volatility may be overdue. $IXIC $DJIA $DJI $QQQ $SPX $SPY $RUT
CBOE:VIX
by EconomicsGlobal
APPLE (AAPL) | Take Profit Area For Short-, Mid Term Holders!Hi, If you have struggled to take out some profits from Apple then here is a possible hint for you. It could be also a possible "short" opportunity but definitely, if you have a "long" position and you cannot hold it for the long term (you need money or something...), then the area between $250-$260 should be your TP. Several channels upper trendlines starts to work as a resistances. The middle number of $250 should play an important role in this area. Some AB=CD pattern D points are inside the marked area. Basically, this area can stop the current rally. Regards, Vaido
NASDAQ:AAPL
by VaidoVeek
2
Breakout on Earnings 10/31Fundamental Catalysts remain strong If numbers are good, look for breakout to 35.75, and then 37.25 areas Take profit anywere above 37.50 before EoY These stocks have the highest dividend yields in the hot real-estate sector, FROM MARKET WATCH With the Federal Reserve cutting short-term rates twice recently and reversing its decision to shrink its balance sheet earlier this year, along with continued stimulative central bank policies in other developed economies, there’s no reason not to expect the big money flow to continue, along with plenty of support for shares of real-estate investment trusts. Company Ticker Dividend yield FFO Yield ‘Headroom' Total return - 12 months though Oct. 22 Macerich Co. MAC, -2.76% 10.26% 12.86% 2.60% -37% Iron Mountain Inc. IRM, -0.47% 7.19% 6.27% -0.92% 15% Company Ticker Share 'buy' ratings Share 'hold' ratings Share 'sell' ratings Closing price - Oct. 22 Consensus price target Implied 12-month upside potential Macerich Co. MAC, -2.76% 17% 72% 11% $29.23 $35.15 20% Iron Mountain Inc. IRM, -0.45% 46% 36% 18% $33.97 $35.27 4% Here’s how the sectors and the broad indexes have performed during 2019, for 12 months and for longer periods: S&P 500 Sector Total return - 2019 through Oct. 1 Total return - 12 months Total return - 3 years Total return - 5 years Total return - 10 years Total return - 15 years Total return - 20 years Information Technology 30.3% 7.1% 82% 133% 395% 461% 187% Real Estate 28.4% 24.5% 33% 71% 310% 284% N/A Utilities 25.0% 27.1% 46% 82% 230% 351% 357%
NYSE:IRMLong
by noam_chom
EURUSD More Price Strength Envisaged EURUSD with the pair retaining its recovery threats after closing higher the past week, more gain is expected. Support comes in at the 1.1100 where a break will turn risk to the 1.1050 level. A breach below here will target the 1.1000 level. Further down, support stands at the 1.0950. Conversely, on the upside, resistance comes in at 1.1200 level with a violation of there opening the door for further gain towards the 1.1250 level. Further up, resistance lies at the 1.1300 level. A cut through that level will clear the way for a move towards the 1.1350 level. All in all, EURUSD expects more gain in the days ahead
Long
by FXTechstrategy
AUDUSD Further Price Offensive Eyes 0.6894 Zone AUDUSD is threatening further upside pressure following its strong rally on Thursday. On the downside, support lies at the 1.6800 level. A cut through here will turn focus to the 0.6750 level and then the 0.6700 level where a violation will set the stage for a retarget of the 0.6650 level. Conversely, resistance lies at the 0.6850 level where a breach will aim at the 0.6900 level. Below here will open the door for a run at the 0.6950 level and then the 0.7000 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the whole, AUDUSD faces further upside threats on correction.
Long
by FXTechstrategy
GBPUSD Sees Price Extension With Eyes On 1.2900 Zone GBPUSD with the pair extending its strength, more price gain is expected in the days ahead. Support lies at 1.2800 area with a break below that level turning attention to the 1.2750 level. Further down, support lies at the 1.2700 level where a violation will shift focus to the 1.2650 level. Below here will open the door towards the 1.2600 level. On the upside, resistance is located at the 1.2900 with a break above there allowing for morel strength to build up towards the 1.2950 level. Further out, resistance stands at the 1.3000 level followed by the 1.3050 level. On the whole, GBPUSD retains its upside pressure as it eyes further strength.
Long
by FXTechstrategy
S&P 500 | Bullish & Bearish Confirmed Breakouts.Hi, S&P 500 price action has started to show some areas where we may get confirmed short-, mid-term movements. In general, since June the price has drawn a bullish chart pattern. It is not the textbook example but still, a bullish chart pattern called the Ascending Triangle. It has printed nice and clear higher lows (HL) and the upper trendline is almost horizontal - slightly lower high. This pattern can guide the price to the mid-term direction but after the breakout! At the moment, the price is inside of it and we cannot talk about mid-, long-term perspective. S&P 500 price may go upwards if we get at least a 4H candle close above the counter trendline. This is not just a counter trendline break - if we get a candle close inside the green area then we have a: 1. Break above the black counter-trendline. 2. Break above the 1H EMA200 3. Break above the 4H EMA50&100 4. Break above the Daily EMA50 5. Break above the 2018 high at 2,940 A pretty heavy level to fight with on Friday but let's see what the price action starts to show us. If the 4H candle gets a close inside the marked green area, let's say above 2948, then there are pretty high chances that the price may go and test 3,000! Bearish breakout is a bit further (obviously, it depends how heavily it falls) but the red trendline is the key. It has held the price 5 times and if the red trendline breaks then there are some marked red areas where it may fall even lower. If the price starts to move sideways, then there is a light-red triangle. If the price is inside of it, then be really cautious because we have a breakout from the chart Ascending Triangle. Yes, it is a bullish chart pattern but still, it is a triangle and breakouts can occur in either direction. So, watch out for that but the full bearish confirmation comes after the candle close inside the red rectangle: 1. Break below the Ascending Triangle 2. Break below the round number 2,900 3. Break below the mid of May resistance 4. New lower low candle close may release bears 5. Daily EMA200! Recently, it has held the price but be alerted if it breaks below the Daily EMA200. 6. 4H EMA Death Cross between 50&100. If the break below of those criteria then it will support that further move downwards. If this scenario happens then the first target would be around 2,800. If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
SP:SPX
by VaidoVeek
BITCOIN | A Possible Short-term BUY Opportunity!Hi, Bitcoin's price has drifted around $8,000 approximately a week. Some bounces here, some bounces there but nothing significant. If you have read my previous BTC analysis then you know that this area is capable to produce some reversal. Today's price action is pretty interesting and it has started to show something and the price action has started to show a buying opportunity. Let's jump straight to the action and I would like to count those criteria, which can move the price a bit higher: 1. The channel projection, really clean and healthy throwback, inside the channel. 2. AB=CD, nice and clean waves 3. The round number ($8,000) should act as a support level. 4. Previously worked support and resistance area (orange horizontal line) 5. Fibonacci golden ratio - 62%. Matching exactly with the previous criteria 6. Fibonacci Extension 7. A few days ago we got a bullish Engulfing from the Daily timeframe around the 8k. It is still valid and it will support that current move upwards. 8. We have a bit sloppy Double Bottom chart pattern which also should support that current buy opportunity. 9. Wait for a bullish candlestick pattern formation around the marked green area - 1H or 4H. If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
COINBASE:BTCUSDLong
by VaidoVeek
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