G-money
Tesla Wyckoff update #9Tesla is in phase D of wyckoff accumulation. The stock should go up until earnings 19th October and then drop down. My prediction is that the stock will recover and then around 7th November phase E should start and take the stock up to 440 where I recommend selling as the stock will be very overbought on the weekly chart.
Gold in the next 24 hours Yesterdays trade didn’t go as planned and I believe that was because I predicted the move too early, but now the move I thought would happen yesterday, looks like its going to happen today. Price is playing above 1650 again and my next main target zone is 1675, if that zone is broken and retested price could go up to 1700.
Double BottomUS stock market has been crashing since Nov 21, Nasdaq100 is now at the support level which prints a famous and the legendary chart pattern "Double Bottom" Now this may be right time to take the long positions. Are Bulls taking over? Is this the end of the bear market? Its either you download money with us or watch us downloading money. Let's Download Success.
DXY! Always up to something!DXY is sort of annoying sometimes to use as an indicator and even fails half the time properly showing the strength or weakness of the dollar at any given moment. However if pressured to do an analysis on this... here is my call.
Just going with the trend of the four hour chart, expecting some sort of pull back would ultimately be the only chance at going long here. Again a lot of mistakes can be made looking at this chart to use it as an indicator for other securities. So that in mind take this with a grain of salt. DXY is going up. For how long, no clue. Would I ever make another trade based on what this one is doing. no. I just know a lot of people are interested and use this as a gauge.
In a time when the news is signaling a depression I am here to be the light and tell you that the dollar will strengthen not because the dollar is getting any stronger but the yen and pound and other currencies even bitcoin are just hitting rock bottoms. To each their own, apples and oranges, tomatoe tomateh. Happy Trading all!! Thanks for your support! Stay tuned for more signals coming at you Towards the end of the week! My Ethereum call is playing out nicely if your late to the party I still think we have a ways to go. look for a pull back!!
QQQ Short if Major support is Broken QQQ is getting ready to retest its major support at $269.28 if we break below this point I see further downside.
QQQ has formed a descending channel and has a target region of $225-$230
I'm currently looking into puts that are 30 days out and puts that are 60 days for swings once $269.28 is broken.
IF AND ONLY IF $269.28 is broken $265 puts 30 to day 60 days out :)
Happy Trading!!! :)
Possible Support Areas for Bounces
$269.28 --- $251.32 --- $237.35
Gold in the next 24 hours Gold overall is looking like it is in a bearish market, but as you can see in the picture I attached, buyers are trying to push up from this level of support at my 1725 zone, so we may see a retractment before continuing lower, or price could continue up from here if support holds up well enough.
Flat Top FlagGold has been falling lately due to a strong US dollar, technically we are currently witnessing another continuous pattern which a flat top flag. This is a signal that we may see more price drop as illustrated on the chart. Wish you all the best. Remember to use proper risk management. Lets Download Success.
Continuous PatternWe are looking forward to seeing if USD will continue being strong against Swiss Franc. If the price breaks above the bearish channel, we may see a bullish movement hence we will place our orders right after the channel breaks. I wish you all the best. Remember to use proper risk management. Let's Download Success .
Ascending ChannelUSDCAD is currently targeting to touch the upper line of the channel, as soon as it touches it, we are looking forward for bears to take over. We may see a huge price drop to the bottom trendline. I wish you all the best. Remember to use proper risk management. Let's Download Success.
Bullish Cypher PatternUSD is strong against Pound since last year June, we are currently seeing GBPUSD form a bullish cypher pattern. We are expecting a about 90% retracement over the next coming months. You can wait for a catalist to accure or jump right in. Wish you all the best Bulls. Let's Download Success.