GBPUSD Projection For Next Move | PIPS Are Waiting!Here is my Projection for next GBPUSD move withing the next few hours.. That could be triggered in New York Session (8:30 AM onwards)
Ghostfeed
breakout mode for goldwere in a countertrend daily rally for gold as well as equities, and where theres normally a hedge we see direct correlation to both breaking out. the price doest tend to spend much time outside of the envelope. id imagine one final thrust into sss supply zone before revisiting estimate and lower envelope band simar to ghost feed is in order.
sells should climax along base of envelopewere at the lower end of this nadaraya watson envelope, and it looks like nasdaq is at least going to pull back to SSS moving average or TRAMA. if we get a buy signal near the lows i think price could follow this path.
has tech retraced enough off this bottom to hold?if we get support over this pivot and the 0.5 retracement level id imagine we would have a bull pull up to a sell the rip level. if we get resistance to this pivot i see that well have a continued selloff to lower horizontals. if we have resistance to upper horizontals i think were at a sell the rip level. if we support along lower horizontals i see that were at a buy the dip level. if we start to breech lower horizontals with volume tech is bearish, and if we start to breech upper horizontals tech is bullish. the red or green ghost feed is a path the nasdaq could follow.trama sinking and resisting is bearish. trama rising and supporting is bullish. qqe and sss red or green is long or short. if we stay short qqe and red sss it s bearish if we turn green sss and long qqe its bullish.
Guaranteed money (UVXY)If we break to new highs it's almost a guarantee that, provided we are hitting new lows in multiple important sectors like tickers xlf, qqq, spy, we take this over 19. The only real guarantee is that whatever high we hit in UVXY we are seeing lower prices soon. low 14s is where I'm drawing these hypothetical puts expiring a me to.e early March. This is based on the simple fact that indices didn't hold their lows, and there are really two scenarios that can play out: we set some lower low as support and bounce, or we continue lower. If we go lower there's really no support. If we bounce there's really very little resistance. Low availability of shares means we're not headed sideways.
This is the bullish picture for uvxy:
This is the bearish picture:
The forecasts show my limits of how far I would long or short based on a bull/bear move from current levels. The ghost feed is just one solution to how they could both hit. If you get the right signals UVXY is guaranteed money.
this is big (TQQQ)i see a full recovery if broader market bulls can continue this turn around. should we find ourselves in a position where melt up is taking place, i think we have no choice but to go with that. the daily picture is shaping up in bulls favor, but the smart thing to do is wait for confirmation of the trend change.
qqe is still short (btcusd)qqe is moving on with another short entry on bitcoin vs the dollar. if dxy opens hot to the upside there will be a completion of a bearflag. were right around the .382 of extention so if we bounce it could mean continued upside on the lower timeframes.
39516 and 40333 are targets
fiveg stocks set to turn around once again (FIVG)five g stocks benefit from the creation of fiveg lines. the sale of fiveg capable phones shouldnt drop, so id imagine additional 5g lines are going to be opened. this inflation and rate hike sentiment will get priced in, and we should see a bounce from technical levels.
cybersec stocks set to confirm eventual reversal (CIBR)cyber security stocks are like an insurance premium on data centers. the more sensitive the data, the more is paid in general securing it. this etf will do really well when tech is booming. tech should return soon, so cybersec sgould return soon. rsi is about to meet signal for the first time in more than a week. anchored vwap is flattening above price. qqe is long.
self driving shifting back into autopilot (IDRV)the turn around in the nasdaq and big tech as well as related sectors and their respective etfs should also hit self driving. we should find ourselves breaking the downtrend soon.
graphics cards still selling (NVDA)i dont anticipate the trade in semiconductors to slow down, and i think graphics cards are a safe bet to deliver value over time. nvda is expediencing somewhat of a turn around while the nasdaq lets up pressure. nvda should benefit from risk asset inflows.
range bound into the end of the week (nq1!)nasdaq futures should continue their recovery, but remain volatile into the end of the week. by the first part of next week we should have a break, qnd it would be nice to see a bull break. a break of the lows isnt impossible though, and well cross that bridge when we come to it.
btc turn around could take time (BTCUSD)the worlds largest and most widely used cryptocurrency is back on the charts again with a qqe long entry that has paid off immensely. if not continued immediately this pullback from lows could end, but as long as we stay over vwma it should lead to higher weekly lows followed by continued rally.
this ev and self driving giant stands to appreciate (TSLA)the rest of the ev and self driving market should bounce, and this should cause the individual stock to bounce.
if we break this tightening bottom bull it should spring up to upper 990s
marijuana could be exhausted to the downside soon (TLRY)tilray brands is another one of those stocks that has seen booms, and since declined to an extreme. we are far from changing the daily trend, but the hourly turn around looks like longs could take a whack at the lower 5s and upper 5s trading in the range that they are with a potential sell climax.
spx trading fractal reversal, larger trend intact (es1!)there is a reversal within a reversal, and this will cause volatility. the larger reversal is intact though and we can expect higher weekly lows followed by a break of the bounce high.
deep symbolic regression showing trend in (LUNA)this fib timezone 5 that weve entered is a significant change in the sequence of up/down-in/out. multiple regression suggests we are in this range for a while. if this area is anything like ftz 1 we will have a dead cat bounce followed by a price floor beneath that area and a massive cup and handle on the weekly.
we should see a bounce some time in the following week (SPXL)i really want to stress that i am not saying the daily/weekly trend is going to change right back to bull.
with that said, i think there is money to be made long over the next week, as long as futures sunday dont have the craziest bear session since corona.
some shorts are going to cover on the next drop, and this is going to cause a small squeeze.
i dont think all time highs are in the cards yet for broader market bulls. i do think 106 and 119 are reasonable targets. rsi is diverging bullishly, and dipping into the high teens would signal oversold conditions.
i realize this differs from my SPY forecast. that is a long term forecast on an unleveraged asset. i am using different strategies for different instruments.
qqe long entry signal should be due soon, although there have already been 3 signals that only led to small bounces, and not a return to a bull trend since the top.
its time to try again (BTCUSD)this qqe signals long entry might be about to pay off. there are a lot of reasons to try to extend an oversold bounce in btc on the hourly timeframe while rsi makes a higher or same low with a drop in btc price. my reasoning is simple: the dollar tends to go down while stocks short squeeze, and this drives btc price up.
the stock market tends to pullback from new lows as the dollar retreats, and btc/spy tend to follow each other up or down during big moves in indices, and btc tends to recover a little faster than the stock markets. indices are likely to continue a corrective/distributive phase, but there is almost certainly going to be some upside between here and there. btc should bounce as well.
qqe signals put in a long entry in the hourly timeframe recently, and that bounce is likely to continue as long as we dont close 4hrs below 33600, and 36000 is a reasonable long target.
vix prepared to compress and recoil (uvxy)$0.16 cents is the range up or down for this etf right now
setting up the day in (tqqq)i think were in for continued volatility in nasdaq futures midweek this first week of 2022
before the week is out i expect there to be several runs down towards the lows even if we open higher or especially so
its for this reason that i am focusing on the long side as contrarian dip buys come in banking on the likelyhood that the end of the santaclaus rally results in a bounce
as long as we respect the 162 area the long side of things makes sense should we break down below 161.33, set a lower high and trend lower i would be interested in shorting tqqq down to the .5 of extension which is 159.87
for right now my forecasts range between 161.36 and 165.93
two directions for cyber security stocks (cibr)if there is bullish continuation in the nasdaq cibr could hit the 53.5 area soon
and if there is return to volatility cibr could revisit the 50.89 area
two different directions for five g stocks (fivg)either were in for immediate continuation of the breakout pattern to above the 42 area or, if the nasdaq isnt doing as well, a pullback to revisit the 40.5 area
