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Inversion

Yield curve inversion and Morgan Stanley predictionMorgan Stanley predicted end of economic cycle in 2021. www.morganstanley.com And it looks like a yield curve inversion will occur in 2019 or 2020. fred.stlouisfed.org I combined the above ideas and drew a green line staying in the current bullish trend channel. I drew a red line showing a delayed bearish reaction after a yield curve inversion. Recessions usually follow 3-22 months after a yield curve inversion. The red line shows a drop to a support line by 2021 and then a rally in anticipation of a new economic cycle.
SP:SPX
by bryonss
3
ETHUSD: Relative Weakness Means Wait.ETHUSD update: Since the close below 300, this market has proven to be one of the weaker alts. In typical fashion price is now finding resistance upon retesting the 300 psychological level. Any further recovery will likely be lead by BTC which is in a stronger position. At S.C., we shared a swing trade idea to go long BTC with members because we believe that is where the greatest potential is. A common mistake is to buy the most beat up candidates under the logic that they have more room to recover. This is flawed logic because usually, the super low prices are that low for a reason. I published an article (on S.C.) about Litecoin demonstrating how low too low is. There comes a point where it is no longer worth betting on until it can meet specific technical criteria again. This market has also reached that point by our standards. Keep in mind, this does NOT mean we are bearish, or have sold our inventory. All it means is we stop accumulating or looking for short term trades because there are other candidates that offer more favorable probabilities. For example, Bitcoin failed to push the 5750 low while this market and most of the alts blew through their key supports. Bitcoin is showing relative strength and if this space recovers, in theory it should rise the fastest and furthest. Why? It's structure says that it is stronger. This concept of a "too low" filter is a form of protection. ETH has been one of the weakest of the alts. Why continue to allocate capital toward something that has a greater chance of probing even lower, or not recovering to the same degree as other markets that are in a stronger position? In summary, we are not giving up on ETH. We are just no longer adding to inventory until it proves its technical worth. This is a situation where it is better to sacrifice better prices for better chances of a favorable outcome. When managing a portfolio like the one we have, our main priority is to allocate scarce capital into the markets with greatest potential. And that determination is made using market generated information and techniques to interpret it. Not feelings or opinions. Like I wrote in my Bitcoin article earlier, trading probabilities is what facilitates alignment with market intent. When this market shows an improvement in structure and presents a more favorable context, we will have no problem with building inventory further and participating in shorter time frame movements.
BITFINEX:ETHUSD
by MarcPMarkets
8
Couple of potential long opportunities on the GBPJPY H4 chartThere could be a couple of potential entries if you were wanting to get long GBPJPY over the coming days. The first over on the left hand side is an advance fib pattern in the form of a bullish Bat pattern completing around the 149 even handle (just below it). It also looks like an equal measured move (AB=CD) is being traced out from the A point of the pattern down to the potential entry level. On the right hand side, we have a potential fib inversion trade, again looking for a bit of an upside move on form the beast. Price action will need to get down towards the 149.35 area if this trade were to be filled, following which I'd be looking to take traditional targets on this one as well. Lets see how the week continues and whether or not these will come into play or not. Food for thought for the moment.
Long
by bmck1
BTCUSD correcting after a bearish gartleyThe daily market for BTCUSD , after forming the bearish Gartley I reported in a previous chart, is correcting. If the figure completes "by the book", the target price should be around 11000$. It is indeed unlikely to reach that level given the volatility and the tumultuous market so I traced that level as a strong support. It seems more likely that the drop will stop at an intermediate support (dotted line) to possibly revert the trend and become bullish.
BITSTAMP:BTCUSD
by SteveEnnom
FIBONACCI CLUSTER TRADE: 1.618 INVERSION at STRUCTUREHey Traders, as i walked through my pre market analysis, this setup caught my attention. I firstly identified the structure on the daily timeframe for a possible trend continuation to the downside. I then switched to a lower timeframe and identified the double top, with fibonacci confluence and bearish divergence on the rsi. We've got a retracement, an extension and an inversion. This is just for educational purposes to show how fibonacci level can interact with structure. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Short
by WirmachenTrader