WIF daily 100% gains buy/hold V-shape recovery setup for bulls🔸Hello guys, today let's review daily price chart for WIF . Noteworthy V-shape recovery in progress, with a decent sequence of higher lows, so overall chart looks good for further gains. limited downside currently.
🔸Strong gains previously in September/Octber, right now re-accumulation
in progress so expecting more gains in this market in November 2024.
🔸Recommended strategy bulls: bullish structure and compression in progress. Accumulate near market price in the highlighted zone. Price target for the bulls is 4.50 USD, so it's a 100% BUY/HOLD trade setup. good luck traders.
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HAT
Long HAT - HaNoi Beer TradingLong HAT
Entry 1: 20.4; Exit: 19.4
Entry 2: 18.5; Exit: 17.5
Target 1: 38.8; Target 2: 51.6; Target 3: 72.3
Signal
+ Weekly chart
. Bullish divergence from Aug 20 to Sep 21.
. Heavy volume bars confirm trend reverse from downward to upward.
. Price go above MA 26 from below.
+ Daily chart
. Price is above MA 26 from below.
Tin Foil Hat Time BabyWhats up Traders -
If you're waking up today and starting to get worried about the near term United States Economy .... welcome to the party.
Oil Prices are in Shambles and we're heading into a recession which will command significantly reduced Oil Demand
Gold is falling from the sky (no not literally)
The FED has lowered interest rates to zero
The FED has recently fired hundreds and hundreds of Billions at the Economy to keep it liquid - and more will be needed
Equities have fallen 30%
Monetary Policy across the globe is failing (DYOR)
What I think We should Reasonably Expect:
Unemployment to increase in the ensuing months.
Inflation was beginning to show itself naturally. Reduced Rates (post / virus panic) will only exacerbate this.
A quick and healthy Economic Recession as (likely) our best outcome.
People will begin to default on debt. Extent to be determined. Students will begin to default on student debt at increased rates.
Universities that have popped up across the country will begin to bankrupt as students run screaming away from the overpriced education system.
Corporations will begin to default on debt as we enter recession
If you dont think massive increases in Personal and Corporate Debt (relative to GDP) was a cause for the Roaring 10's .... yes the Roaring 10's .. not to be confused with the Roaring 20's bull market....Do you at least agree that it was a cause for the 1920's?
The Preferred Platitude, often for me, ' History Doesn't Repeat Itself, but it often rhymes' - Twain
I fear and plan for the worst...which the picture Im painting certainly is... I'm not predicting a depression, or WW3. . . . Im just saying, the ground on which we stand is familiar, it is shaky . . .. and we must proceed with extreme caution.
The 1930's gave birth to Extremist / Nationalist Politics.
Do you think that may be a condition of our 2020's?
Are we already seeing that with Donald Trump, the Death of the 'Establishment' and the rise in popularity of candidates like Bernie Sanders?
Do Millennials Trust in a 'Free' Market that has capsized 3 x in 20 years?
If they do, how quickly and readily does that happen?
-Nixxx
Sources:
houseofdebt.org
www.quora.com
seekingalpha.com