Twin Deficit forcing Psych levelsTwin deficit has resurfaced as a driving force towards DXY decline. At this point pairs are being controlled by psychological trend levels.
Presented is the DXY day chart. We can see a clear drop for a retest of the 2018 low which in contrast brings pairs such as NZDUSD, EURUSD, GBPUSD, etc to levels breached in Jan 2018.
A fundamentalist like myself begins to wonder if Twin Deficit sentiment is the ultimate driving factor for these psych occurrences taking place in 2018 and current. While COVID would be a logical main factor, ultimately any factor that would push double negative accounts.
Attached is my previous DXY idea as well as my 2018 high retest idea of USD pairs I published over a month ago. Anyone patient enough to hold USD pairs have certainly played their cards well.
Expect a retest of 88.225 to match 2018 with a higher breach probability for a new low.
Please comment with any thoughts and Ideas. Thank you.
High
NASDAQ Long-Term Possible ScenarioHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: NASDAQ is sitting around its all-time-high and 140.0 round number in blue so a reversal may be expected from here.
As you can see, this one formed an objective trendline in red and a valid RichBomb setup (orange dots)
The bearish movement would be confirmed after a momentum candle close below the gray area (the entire structure)
and until the sell is activated, this one would be overall bullish and can still break above the 140.0 round number to reach 150.0 before going down.
As price approaches our lower green support and round number 100.0, we will be looking for buy setups.
Good luck!
Pattern: Morning Panic Dip-Buy Pattern->What is the Morning Panic Dip-Buy Pattern?
This pattern is based on a wall of sellers that drive the market down in a short time.
As you can see in the chart the wall of sellers show how market quickly sold off during the session of March 6th, after an all time high (not supported by demand).
Leaving us with a first day candle of March 7th, with a volume as high as the all time high, opening and closing in the same price; this is a clear sign of strength because demand are now the leaders of the market. This day we had the possibility to entry in this new trend.
->What causes the Morning Panic?
This pattern is caused by a new catalyst as a new, longs taking their profits overnight during the all time high, and sellers betting against the stock as it rose so high that it could not maintain.
->How the Morning Panic Plays Out?
These stocks often close strong during the previous session (as the example did), sometimes this creates a gap up at market open and when gap up occurs, longs sell their shares to take profits.
Be aware as the stock after the morning panic usually takes some time to settle into a cleat trend.
->Dip Buying a Morning Panic is a classic long position.
Hope you have a great day!
Shorting Watch Party Part 2We are getting closer and closer to Teslas correction. With an RSI of 79.6 and growing bearish divergence from Divergence+, I will be going with the 4 hour chart when a sell signal is given and will short Tesla to $500 a share. MACD shows room for more growth as bullish divergence is growing, but it will soon come to an end. We may see the fall of Tesla start this week. I will let you know when I buy into my position and position info. Still watching at this point.
Best of luck to everyone looking to short Tesla!
$BTC / USD 4H - Breakout & Retest to a Full send to new ATH$BTC / USD 4H - Breakout & Retest to a Full send to new ATH
Bitcoin ranging up in the $19Ks is bullish. Price (USD) has never held these levels for this long, showing strength in the region. I think we breakout of this triangle, retest the zone (chop) and then proceed to a new USD all time high. It may not be as easy as drawn on the chart in the green line - we may re-test lower in this range.
If you were trying to catch any dip before the ATH, levels around $18.2K and $17.2K are valid to bid. As long as the $15.5-16.5K level remains in tact on a macro scale, I tend to remain bullish.
For clarification:
- Dotted line is the previous daily close
- Support levels in green
- Resistance levels in red
- The pink line is a significant level - if price can close above the pink line, that is very bullish
the high, the low, the 20000 and the end of this year.The high resistance, the low resistance....
the heart then tells you the mark for the 20000$
And the space between red and green is where the end of this year shall be seen.......
(the year 2020 ends with the price 20020 and an arrow pointing at Mars! (forget the moon!)
So obvious! Everybody can see this right?
Have a good holiday season, and a great end to this horrible year!
may 2021 bring you all that this year did not!
Keeping It CleanThis chart is free of clutter, I would just like to show the sell signal on the 4Hr. I have purchased 75 contracts for UBER to hit $45 a share by next Friday. If it hits that strike price at any point between now and then I will be selling my position.
This is not just a single sell signal, there are many sell signals on every chart from the 1min to the 4hr and Bollinger Bands are giving sell signals on every time frame as well. With an extremely high RSI we can expect UBER to drop.
UN Time To Drop Growing bearish divergence
High RSI
MACD starting to curve down
Target drop price 59.79
This is on my watch list and will be monitored.
Swing trade *AUVI*
Not much data due to company time in market but here is what I have:
Entered position today in small increments.
Chart shows a bounce off area of
S1(Support) and looking to make it way to P(Pivot point)
Neutral outlook here with a very bullish outlook should it go back up past $7.90.
Stop loss @ 5.0 4.97
*indicators used*
-ZigZag
-Supertrend V1.0
-Pivots
-Vol
-MACD
-MA
*Please leave a like if you found this useful*
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Sector: Health Technology
Industry: Medical Specialties
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ATEC Due to fall any moment Alpha Tech appears to be blasting off on its way to earnings in November. However that is a month away. With an RSI of 92 on the 3 hour chart and a sell signal from Divergence+, I too give this a sell rating. It is also far above the 3 hour moving average. All these signs show that ATEC is due for its own correction.
EurUsd getting ready for an intraday short playLooking for a short for an intraday play which might develope into a swing depending on price behavior....for now i wanna see price taking out the double top in order to penetrate the supply above these equal highs also yesterdays high ....
if we can break these supply and close above i would change plan and look for a long after a possible bounce from the upside...
but for now the short is definetly something i wanna see here ...
good luck and great weekend soon
FCPO TRADING : 191) confirmation shift-of-trendthis is haidojo and the number is 191...
fcpo-dec not only stay abv 2830 but also shoot up to the next level at 2890-2900...
a higher-high is formed...so confirmation shift-of-trend...if it stays abv the 2900, then we might have a full throttle...
bull in charge then...
for now, either sideway or uptrend...higher level is 3033-3100...
higher resistance : 3030-3100
immediate resistance : 2900
temporary support : 2830
lower support : 2800
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ