Safe Haven YEN Stuck in a Triangle After Flash Crash!Had the FED kept on raising the rates, this pair would have shot higher and higher, however the outlook for 2019 does not look good for the USD as the FED come under increasing pressure from the US president. Currently according to the projections of dot plot the FED plane to raise the rates 2 times this year, however this may not even happen due to many factors. The flash crash that happened a few days ago was triggered due to the risk aversion by the market players which left the USDJPY trapped in a triangle.
The price may break to the either side and target the red line support and resistance as indicated in the charts. its advised to not make any move until the pair breaks the triangle on the weekly charts to either side. The fate of this pair is balanced on numerous things including the trade talks between china and the US. Should the talks go well and both parties can come to a stable agreement the pair would likely accelerate to the upside. On the flipside, if talks do not go good for both parties, expect this pair to break to the downside. depending on what happens then we can place a swing trade accordingly.
If you wish to day trade, then its advisable for the flash crash to settle and form clear price action that can support claims based on technical analysis. at the moment on the daily charts and 4 hour chart the price action is forming but it is still not clear. the target to day trade would be based on the either side of the triangle trendline.
It remains to be seen what will happen to this pair fundamentally in the coming days. shall there be any updates i will post them here
Flashcrash
USDJPY-Weekly Market Analysis-Jan19,Wk2On the Daily Chart, market breaks the sideways consolidation and break towards the downside.
With the Wed 2 Jan Asian Market Flash Crash, the market touches the Major Support on the weekly chart and provide a potential selling opportunity on the 1-hourly Potential Sell Zone.
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WYNN -6 to -8% drop coming? I've been following WYNN for a while and I use this as one of my recession indicators of the economy. I believe people are head above water high in credit debt and can no longer afford to gamble or visit the casino.
My prediction is a -6 to -8% drop before it does a dead cat bounce up.
TVIX Flash Spike Up? ~400% Possibility?In relation to my prediction for a -13%+ crash on Monday, October 15th, I think that TVIX will have a mega spike up to ~400% gain in one day. We'll see what happens.
Part1 - VIX Spike - Indices Flash CrashVIX (Volatility Index - CBOE) is showing signs of another "spike" in volatility sitting around the corner.
This would translate into a "fear" period.
US indices are showing wave counts which indicate that the current correction on the up-side might just finalize.
An Intermediate Degree (C) leg would be in focus for the completion of the current Primary Degree corrective structure.
Expected bearish outcome & levels:
- US30USD - 3500 points drop - levels in focus: 25850.00 & 26050.00
- SPXUSD - 350 points drop - levels in focus: 2825.00 & 2875.00
- NAS100USD - 1000-1500 points drop - levels in focus: 7500.00 & 7700.00
10-15% decrease in Indices.
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