What controls the movement of an asset?We know what controls the movement of an asset is its long-term trend, but the changes start in the short term, so we have:
-Long-term (monthly) strong bullish bias and bullish pivot.
-Medium-term (weekly) moderate bullish bias and bullish pivot. We have the long average just below and it could serve as support if we have falls!
-Short-term (daily) reversal bias. SETUP used to point out weakness. Or is the accumulation continuation?
-Do your analysis and good business.
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Imagraphist
Go up!-Severely penalized, INGN reached the low point ultimately traced.
-A large part of your penalty was due to numerous deficit balance sheets and, mainly, due to the increase in the American interest rate. We know that companies that depend on third-party capital to finance themselves are the ones that suffer the most.
-In the monthly chart, oddly enough, the “SETUP used” is pointing to the possibility of an upward pivot. This is really amazing to me! We even have a fund formed. Even more incredible.
-The weekly chart has already pointed and confirmed a bullish pivot, and we have prices always hovering above the head region of the bullish pivot at 11.35.
-On the daily chart we have the bulls very shy, therefore, I don't rule out that prices may, before rising stronger, come to test the 10.79 region again as a strong point for a bottom.
If prices do not lose the region of 10.79, an excellent buying window opens. We have just above the mega downtrend line and, if it is broken, the asset will be free to go up.
-Worth a read!
-Do your analysis and good business.
-Be Conscious, If You Buy, Use Top!
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We have a horrible graphic pattern!-The rise of the SPX index was incredible and left me with a little bit of envy in my heart. Honestly, I didn't expect that much. I was considering a rise to the region of 4372, and it came. She exceeded my expectations and even made a "pull back" in that same region. Incredible.
-But the type of graphic pattern that this "pull back" drew doesn't please me at all. To me it's scary, so the bulls will have to push hard if they want to make the index really go higher.
-The most recent upward movement (pivot) on the daily chart is confirmed, but the end of the line for prices could be the 4506 region.
-Below we have an image of the high pivot pointed by the "SETUP used" in the weekly chart, and it reached the golden region of FIB, with the right to the "pull back" mentioned, however, without much strength! The rectangular region marked on the chart represents medium and long-term positions, thus an important support region.
-Below I show you the high pivot of the monthly chart. It reached the dangerous 50% FIB region. This region has to be broken at any cost.
-Worth a read!
-Do your analysis and good business.
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Ceased to be insignificant. What country is this?-I begin this analysis by congratulating a South American country on its great financial rise in recent years.
-Until recently, this unknown and small country was not even noticed in the local scene. Due to the most recent discoveries regarding its energy potential (oil), things are changing, and this small country has attracted the attention of the big oil producing countries, more precisely the OPEC cartel.
-Its meteoric rise has made the country the fastest growing oil producer in the world. If things continue to evolve, the small and “prosperous country” could become a huge headache for the cartel, so much so that we had the Saudi energy minister, Abdulaziz bin Salman, and Haitham al-Ghais, secretary general of OPEC, inviting the rookie to join the cartel in recent months, however, the invitation was declined.
-The country's justification for the refusal is as follows: “We need to maximize production and profits in the short term, as the demand for oil should decline in the coming decades. At the moment, our idea is to get the most of these resources out of the soil and as quickly as possible, because we are not sure of the window that we will have in the future", said the vice president of the country.
-He also pointed out that if the country joined the cartel, it would risk becoming indebted to the other producing countries, as its members always want to reduce global production to keep prices high, going against the grain of the country's main idea. “Our plans are to increase oil production by 1 million barrels per day by the year 2028”.
-Exxon Mobil and some partners have been exploring the region since 2015, and around 30 major discoveries have been made. Estimates are around 11 billion barrels of oil equivalent available for exploration. The country has become Exxon Mobil's main target, and investment efforts by foreigners have already reached the order of US$ 40 billion.
-As its oil production grows, its domestic economy also expands and investments from abroad are flowing into savings in infrastructure projects, such as the expansion of electricity grids and ports to support the intense and growing flow of exports.
-The growth of the oil sector in the country triggered a large flow of trade and attracted investments in hotels, restaurants and department stores. The IMF estimates that the country's GDP could grow by around 37% in 2023
-Another factor of great importance for the country is the increase in its presence on the global stage, and with that the country was elected a non-permanent member of the UN Security Council. A great achievement!
-If you reached the end of this text, will you be able to answer which country I am referring to? Let's test your ability to observe events that can generate good results... Lol!
-Worth a read!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
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Today starts with a pivot!-The daily chart is already showing the possibility of a bearish pivot early in the day. This pivot has the strength to seek the 4333 region at first. The other targets for the next few days are: 4292 and finally 4220, the latter very close to the long average!
-On the hourly chart we already have a bearish pivot formed and consolidated. Remember: A trend change always starts at the lowest timeframe.
It's worth reading!
-Do your analysis and good business.
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Will we have a triple bottom?-Time weakens, time strengthens. This has been the life of the Dollar against the basket of global currencies.
-Given the situation at the moment, I see the Dollar as a real possibility to make a nice triple bottom in the region of 101K.
-If everything goes according to the technical “script”, we can see the American currency strengthening again in the world in the near future, but first, we have to pay a price for that, since a lot of “silliness” has been done in the last few years 3 years.
It's worth reading!
-Do your analysis and good business.
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34K ahead!-As asked in a previous analysis, I see that crypto has been bravely resisting the declines. On the daily chart we saw the formation of an bullish descending triangle, which a priori has been respected in its entirety. That strikes me as a good sign.
-Are the bulls waiting for the right moment to break through and go strong towards 34.9K? "Apparently" is what the bulls are trying to do.
-Looking at a medium-term bias, we have the weekly chart with strength predominantly from the bears, as we have a bearish pivot formed and confirmed with enough strength to reach 20.3K. However, significant help can be seen further down the long average (white line), and it could serve as an important support point in the 23K region.
-On the daily chart we have a bullish pivot high with prices closing above the "pivot point" region at 26.5K, but, through SETUP, prices have the strength to reach only the 28.6K region, and if there is a lot of strength on the part of the bulls, they can go for 32.1K. As for the 34.9K range, I see it as a remote possibility for the current moment.
Read too!
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Real vs Dollar = Infinite rise for the Dollar!-Comparing the Brazilian real with the US dollar means wasting time, as we know that the final result will always be an infinite increase in the US currency against the Brazilian currency.
-Below I leave the beautiful pattern "CUP And Handle" formed and consolidated.
-As Charles Dow said: "Prices discount everything".
-Things usually take time to materialize, but they will never stop happening at a given future moment.
-Also read the graphic analysis below!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
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Let's talk about Dollar vs Brazilian Real!-In the long term we can see that the US dollar is in a consolidated bearish trend.
-Given this scenario, we can say that the dollar tends to devalue against the "Tupiniquim" currency due to a basic factor: "there are several securities on the Brazilian stock exchange with their "valuations" completely outdated", mainly companies linked to commodities.
-In the medium term we have some factors that could prevent the American currency from depreciating more quickly, but not avoid it, and one of them is the approval of the "break" spending ceiling, where, the tendency for now would be for the FED to continue with its homeopathic doses of increase in interest rates to contain inflation, since public spending also tends to contribute to strengthening inflation, and this contributes to the dollar continuing its saga of remaining valued against the Brazilian currency, which we call it "flight to quality".
-In the chart below we can see that the longer "uptrend line" (green line), which was previously an important support for prices, is currently being the newest resistance. We also have a medium-term bearish trend line (red line) just above it, which has joined the bullish cross and is serving as strong resistance. But despite that, we have a bullish pivot formed, but he doesn't have that much strength.
-In the short term, we have forces acting on both levels. Bulls and Bears fighting each other, pulling the quotations hourly upwards, hourly downwards, increasing the volatility even more, because as said, there are stocks that are completely discounted, therefore, one and another bulls tend to fill their carts with these companies, strengthening the Brazilian currency momentarily.
-In the chart below we have the possibility of a bearish pivot if prices start to work below the 4997 line, but as mentioned before, we have the FED soon, which could prevent the US currency from reaching the 4774 level that the "SETUP used" is indicating.
-Also read the graphic analysis below.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
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Things are getting better? Paradox!-With the approval of the "spending ceiling", the SPX index gained an extra breath, but that does not mean that we will not have a correction later on
-With the approval of the "ceiling hole", it is necessary for the Fed to continue to contain inflation via interest rates, but the current inflation will be via public spending.
-The homeopathic increase in interest rates in the short term by the FED tends to further weaken the domestic economy, suffocating small and medium-sized companies to contain inflation, thus generating low economic growth, and the consequence could be the much-commented " recession".
-Graphically speaking, the index has an upward pivot on the medium-term (weekly) chart, whose current trend is to reach the region of 4325, but for that to happen, prices need to overcome the region of 4285 with some momentum.
-In the long term (monthly) we have a high pivot that was formed in November 2022, but it is not having enough strength to follow its destiny, which in this case would be looking for the region of 4443 to maintain itself in an uptrend of long term.
-In the short term (daily) things are complicated, as prices are fatigued from the "rally" of the last few days, therefore, they will need extra energy to try to escape the trend reversal, and for this escape to occur, prices must "obligatorily reach" the region of 4443.
-Also read the graphic analysis below.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic analysis.
Do we have a reversal pattern?-Graphically speaking, crypto is making a nice reversal pattern.
-However, will it succeed, since BTC is the thermometer for other cryptos.
-According to the monthly chart, prices are in a trap region, so it can go either way, depending on the strength of Bears and Bulls (pessimists/optimists). We have an LT (dashed green line) which if respected (do not lose the 0.8359 range) could be seen as a bottom.
-On the weekly chart we see prices wanting to leave a trail, the formation of a bullish pivot.
-From the daily chart, I can see that things can really improve: a reversal chart pattern, the H&S-I, and it seems to me that it can seek the long average. What a thing, no?
-H&S (Shoulder-Head-Shoulder) usually appear in trend reversals. In the reversal of a bullish to bearish trend, we call the pattern H&S. In bearish to bullish trend reversal, we call the pattern H&S-I.
-Will it live up to this standard? Everything will depend on the famous BTC.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other chart reviews.ngview.com/chart/SEQL3/lOeTmiGM/
A more optimistic bias!?-Looking at a more optimistic bias, like it or not, the weakening of the dollar against the basket of global currencies (DXY), helps the US a lot.
-The price of the commodity that used to be traded almost "totally" in dollars, nowadays has part of its production being traded in other currencies, which helps the US to contain part of its generalized inflation.
-Based on graphical analysis, we have the commodity about to form a bearish pivot if prices start to work below the $73.93 line, opening real chances for the price of "black gold" to seek the following price regions: $67 .92 - $62.06 and finally $58.40.
-If prices reach the last level (1,618 FIBO), this price level could be characterized as a generalized recession!
-I believe that prices tend to seek the region of $68.00 and stay at that level to know which direction the world will go.
-We cannot forget the FED, if it raises its rate by 25bp, it will restrict consumption even more, which could contribute to the drop in oil prices reaching the level of $68.00.
-We'll have to wait and see! Can we trust this analysis? Lol!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
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Towards 10.650%!?-If we take into account that we form a nice head and shoulders at the bottom of the pandemic, prices would certainly seek the region of 10.65% of the US government's 10-year bond.
-If we consider the neck region as the starting point for tracing the fate of prices, we will have this bizarre thing happening, an explosion in "treasurys".
-On the weekly chart we have a pivot high that wants to form and is targeting the most recent top at 4.350%.
-Going down a little further, on the daily chart, the pivot that had formed on 05/12/2023 is about to reach the golden region of the FIB at 3,780%.
-We have the long average right below, and it could serve as support. We have Congress about to approve the new limit for the spending ceiling and if it is approved, it may be necessary to raise interest rates again.
-We have an unknown soon, which is: Will interest rates explode?
-Do your analyzes and good deals.
-Be Aware, If You Buy, Use Stop!
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After Elliott's "C" leg, what's next?-We have the crypto managed to stay above an important bottom, the 26.5K.
-But I see that BTC still lacks the strength to go further.
-On the daily chart we have a bullish wedge.
-We also have the "C" leg of Elliott's theory.
-Now I ask: What comes after her?
-I thought like Elliott!
-Do your analysis and good business.
-Be aware, If You Buy, Use Stop!
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It makes no sense!-It makes sense?Or Does not make sense. Many standards have been thrown to the ground by BTC in recent months.
-But if we have a bubble in this "crypto", for sure the prices are out of place. 10K is at least its proper place.
-We have a bearish pivot that projects, at first, to seek the 25K region.
-Will looking for the 25K region hold prices down, or will we go down a little further to the 21K region?
-We will see the next candles!
-See previous review below!
-Do your analysis and good business.
-Be Aware, If You Buy Use Stop!
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In pursuit of the soft landing!-I confess that I am extremely "pessimistic" about the situation at the moment.
-We have many key factors occurring at the same time (wars, embargoes, money printing, dollar boycott) and the consequences of these factors mostly happen after the perfect storm of key events is over.
-These facts cause great impacts in human history, where random events combine with human cognitive failures (FED, Governments) and create logical challenges that we are not able to understand (inflation, deflation, wars).
-As we look into the past, we will see numerous events similar to the current ones in which there was cognitive negligence in decision-making and the fruit harvested by these decisions were the most inhospitable possible.
- Let's go back to 1987, with the stock market crash. At the time, we had the US economy recovering from a severe recession and experiencing rapid growth. Even in August of that same year, the Dow Jones index accumulated an expressive increase of more than 40%, where it reached its historical peak at the time at 2,722 points.
-For now, the same is happening to the world, because we had a key factor called "COVID".
-This factor triggered several unexpected attitudes, inflating the prices of all products and services around the world, in which economies had records of growth in the midst of a major crisis (recession), but this inflated growth is not sustainable for a long time , and account for that event has to be paid at some point.
-We can now observe the amount of commodities that plummeted during the first months of 2023. Animal protein, oil, corn, soy, non-precious metals, all of them, without exception, had strong corrections, bringing down the quotations of several companies and these sectors.
-Will this event of falls in the main commodities mentioned above start a new price run?
-I have a thesis that with the fall of companies linked to these commodities, other companies must suffer strong corrections, especially companies linked to technology areas, where, with the correction of technology companies, commodity companies will be superior to try to hold on the index of an even greater collapse, causing the soft landing desired by the FED.
-Will we be able to have this soft landing later on? Current events point to this possible and remote possibility. What a strange thing, isn't it?
-If the soft landing really happens, I don't see the SPX index losing the 3900 region at the moment, unless we have a nice "Black Swan" hidden in some government closet!
-How about reading this analysis, because the events of that moment really held prices back!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic reviews!
Let's tell the truth!- Honestly, I would like you to answer me what is holding the price of this asset?
-Honestly, given the situation at the moment, prices had to be at least in the range of 134.38. And why aren't they at that level?
-Let's look to the left of the chart, shall we? Having done that, point me to where there is a plausible support point? Cause I can't see!
-Do we have “bubble money” in this asset, as we have a monstrous price bubble in AAPL?
-If things really want to straighten out, prices for TSLA should correct to their previous low at 105.42 to try to escape a further downturn, looking for an even sharper correction to the 73.59 range.
-Is it too much to ask for the bears to help TSLA stay on its feet? If the bears agree to help, they need to push prices to the previous bottom, as we could soon see a softer Fed for the next few months, after all, we have to contain inflation, keep jobs and avoid generalized deflation.
-The SETUP used points to the possibility of a bearish pivot on the daily chart.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic analysis.
Need strength!-Need strength, that's BTC's motto for the moments ahead.
-I'll get straight to the point.
-The daily chart tells me that it is throwing in the towel, that is, there are no more spaces for increases.
-In previous analyses, I mentioned that we had an accumulation of continued bullishness, but this accumulation did not have the strength to raise prices, opening precedents for corrections.
-The configuration of the hourly chart is just below, and it is not suggesting me a good thing. But it's best to wait! lol
-The bad news is on the weekly chart, which is on the verge of a bearish pivot if prices keep working below 27K.
-See previous graphical analysis!
-Do your analysis and good business!
-Be Aware, If You Buy, Use Stop!
-See below for other graphic analysis!
It's time to digest the events!-In previous analysis, prices showed that they could try to force a sharper rise, however, based on technical/graphical analysis, I see that prices tend to only seek the region of 4248.
-If prices do not break through the informed region, we can strongly correct and look for support at 4052.
-On the hourly chart we have prices orbiting the long average, and for me this type of chart pattern is not a very reliable signal, because if prices choose one of the sides to follow (go up or down), they tend to be more intense.
-We have many events to be digested by investors so that we can have at least one path to follow, so caution is the best medicine for the moment!
-See previous graphical analysis!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic analysis.
The great test!-As the moment presented, in a previous analysis, the SETUP used showed great possibilities for prices to seek the region of 68.00, even with the consistent cuts of the OPEC+ "cartel". And there went the prices, testing the region mentioned.
-I see that the current moment is one of digestion on the part of investors, where they will be poring over their spreadsheets to try to find a safer path, since the Fed is really willing to contain persistent inflation.
-After the rise of the Fed and the "cartel" cutting oil production, it's time for the big test for the capitalist world!
-Graphically speaking, prices need to break the bearish channel (stay above 72.45) if the bulls want to chase away the prevailing downtrend.
-The big obstacle for the bulls at the moment is in the region of 74.07, where, if prices do not overcome this range, the price increase to the mentioned value will be characterized as a "pull back" of continuation of the falls.
-If prices overcome this region (74.07), the downward trend will momentarily be interrupted, leaving only the bulls to overcome the long average that will be just above to scare away the downward trend once and for all.
-Below I show the two possible scenarios for the next few days based on technical/graphic analysis.
-Scenario 1. Continuation of declines
-Scenario 2. Attempt to chase away the prevailing downtrend.
-Veja análise gráfica anterior!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
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“Good Results”-The “good results” presented by the American economy, contributed strongly to an appreciation of the most important index in the world.
-In a previous analysis, given the situation at the moment, we had formed a bearish pivot that could seek the region of 3950, however, it was extirpated by the bulls without mercy.
-As I have been mentioning for some time, the American index made two attempts to form an upward pivot on the monthly chart, however, neither of them is managing to go ahead with prices.
-Could it be fear of “possible deflation” that is preventing bulls from going further with prices? After all, the US currency is losing strength around the world (DXY), which contributes to the long-awaited overthrow of inflation by the FED, but leaves a generalized deflation closer and closer.
-On the weekly and daily charts, the SETUP used indicates strong fatigue on the part of the bulls, which could undermine a stronger reaction for the index.
-Weekly: High pivot formed towards the region of 4268. We had a beautiful hammer formed in the last week that ended. Will we have another breath for a new dive?
-It is on the daily chart that things really start to get complicated, as the SETUP indicates that we have no more space for prices to continue their rise, suggesting the region of 4248 as a probable stop point for prices!
-Previous review!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic analysis.
Boycott? Or the end of a hegemony?-We are seeing in the news the movements of some important countries in relation to the “boycott” of the dollar in their commercial transactions. Countries like Brazil, China and India can start doing business with each other in their respective currencies.
-Here are some questions that need to be answered:
a) Who is this type of arrangement good for? For the strongest or the weakest?
b) Will the country that adopts this attitude of trading in its own currency actually benefit? And if the answer is yes, for how long? Short, medium or long term?
-Perhaps the answer is in the text below, in the brief summary where I explore the birth and rise of the dollar!
THE BIRTH OF THE DOLLAR, A BRIEF SUMMARY
-The US dollar was created as a monetary unit in 1792 after the United States Congress used the “Act of Currency” as a reference.
-Before the creation of the dollar, commercial transactions were mostly made through the “Real de a Ocho”, a currency minted by the Spanish Empire and which “dominated” the region.
-With the dominance of the Real de a Ocho currency in local commerce, the Currency Act was created by the British Empire in 1764 to prohibit the American colonies from minting money, or, from trading with the “Spanish” currency, in order to protect the English creditors and merchants from being paid in depreciated coins.
HOW DOLLAR EMERGED AMONG OTHER CURRENCIES?
-The role of the dollar today began after the end of the Second World War, which took place between 1939 and 1945, where the USA, accompanied by its allies, achieved victory. This marked the US as the main power at the time, as Europe was completely devastated.
-As the main economy of the post-War, the “assistance” of the USA in the “reconstruction” of the destroyed countries made the nation gain worldwide notoriety through its products and services. Therefore, the American currency began to be demanded in commercial transactions and gained more space on the world stage.
-Before the end of the war and with the aim of transforming the dollar into the only global trade currency, the US convened the Bretton Woods Conference in 1944. This conference brought together 45 nations to define the monetary bases of the international financial system and establish the currency Americana as a reference for other currencies and for international trade, linking the value of the dollar to gold. The World Bank and the IMF were also created at this conference.
-The “restoration” of Europe took place through US loans and aid programs, known as the “Marshal Plan”. However, with this “little help”, an important currency that dominated the commercial scenes before the dollar, the pound sterling, was replaced so quickly that England, as the largest creditor of the USA, became the largest debtor.
-A few decades after the end of the war and with the US “usurp” the other countries (offering products, “aid” and loans, which today China does with the poorest countries, “usurp”), maintaining this pattern was almost unsustainable and, soon, the Bretton Woods system came to an end, in 1971, when Richard Nixon unlinked the value of the dollar with that of gold, putting an end to the well-known “gold-dollar standard”.
-With the end of the gold-dollar standard in 1971, today we live under the “printers” standard. As the printers are almost limitless, if you're short of money just print a little more!
-Like what happened with the Bretton Woods system, becoming unsustainable to maintain it over time, will the dollar lose its hegemony due to the end of the gold-dollar standard?
-We know that with the gold standard the printing of money was regulated by the amount of gold in reserve, however, with the current standard we do not have a regulation on the amount of money that a country can print!
-Today, the ballast of a fiduciary currency is the people, who pay their taxes. I will use an extremely simplistic logic to try to explain in a “dumb” way how a country manages to generate more money.
-I will cite two examples of ways for a country to have more money available (print): 1) Increase its production of value-added products, increasing its exports, which increases its reserve of value; 2) Resorting to raising taxes, sacrificing your people to keep printing money!
-Do your analysis and good business.
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Will we have a double top?-Based on SETUP, the price of gold reached the SETUP “FIBO Triple Golden” region on the first pivot point high after bottom formation at $1617.
-But now, what will happen? If prices really do pursue the $$ 2060 region theorized in this analysis , we could see a double top. For me, where there is a double top, there will be a test at the previous bottom ($$ 1812).
-Will the theory I mentioned above happen if prices don't stay above $$ 2060? See you soon!
-A view of the second high pivot indicated by SETUP. The SETUP already indicates that the trend is losing strength, so it is likely that we will have a double top!
-The daily chart is on the verge of pivoting down towards the long average at 1810. Is this possible? Omg!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic reviews!