I will be targeting $4137- $4150 from a weekly perspective. As any trader can see, price has broken above weekly resistance level that needs to be retested to gather daily momentum for a nice daily bullish impulse. From a daily perspective, price has created a typical double top pattern which in most cases allows for the H4 to exhaust, I will be looking for...
Noticing a lot of similarities in market cycles when it comes to time. the first thing that popped out to me was the days till halving from the bottoms. then I noticed the time from bottom to bottom and top to top and to bottom in each cycle. market top to top is about 1420 days. Low to low is about 1435 days. Hi to low is about 365 days. Market bottom about 500...
Since the monthly and weekly point towards more gains on SPX, I will be looking for buying opportunities near $3900-3910 (Weekly Support), As soon as the H4 creates an exhaustion pattern, I will place some buys from the 5-15 min timeframes around $3900-3910 We should expect a quick H4-H1 downside impulse between London and US open followed by a nice impulse to...
The US dollar was falling ahead of the midterm elections in anticipation of a Republican Senate and / or House. As the Dems have performed better than expected, we have seen a reversal of these pre-emptive moves on the eve of the US inflation report. Expectations are for core CPI to soften (slightly) - but what if it doesn't? Inflation elsewhere continues to...
What a difference a week (or in this case, a single CPI report) can make. Last week we were bullish on the dollar index due to the cluster of support levels nearby, and expectations for inflation to exceed estimates. Clearly, the fundamentals of a much softer CPI report made minced meat of the support zone and sent the dollar index lower, during its worst week...
The Macromarket is telling the same story overlapping on the same chart. More puts to calls, higher DXY, and Higher VIX. Likely a near-term top given the number of amateur investors seeing this same reality, but the trend will likely continue until something big breaks and the system bottoms and a new market cycle starts.
-Feds will likely go forward with a 50 bps in December, eyes are on Dec 13 CPI data release. -US Inflation is down for November and I'm expecting it to continue falling during next month's CPI release. If that's the case, then I believe Feds will reduce by 25 bps. -The US dollar, which has a major influence on stocks, appears to be forming a monthly correction...
All that glitters is not gold. These are the main indices for the US economy. Don't trust them blindly. I am just repeating something I posted quite some time ago. You have two pockets, one full of USD, one full of stocks. As a trader you fill each one and empty the other one, when you feel that it is worth it. If half the money is in USD and half invested in...
Apple IS the market. The peak of the market has a name and a shape, and the name is eyephone and the shape is apple. The recent crisis in stock market, didn't affect companies like Apple. They did not fall for the FED trap. It is not surprising though, since it is the apple month of September. And after the great reset they will be one of the survivors. PS. The...
Yes it is a catchy title but isn't far off from what is happening on the U.S. Dollar Index (DXY) since October. This weekly chart shows the strong rejection on the late September Top, which was formed neatly on the Rising Resistance (Higher Highs line) that has been in effect since the November 2008 High. That High along with the March 2015 formed similar...
Hey dears If can hold 106 level it is probable to give a long position with 108 approaching... at the other hand gold will repay the rest of over bought...;) wish you all a full wallet
Bitcoin bull run brake sponsored by FTX Nice BTC behavior when the DXY left the overbought area on the weekly RSI But if DXY still follows the downwards channel a Crypto bull run might occur 🟢 RT & FOLLOW appreciated 🤗 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own...
In previous reviews, we considered the target where the possible reversal zone 104.6-101.66 is located. Our view remains the same: an increase from the reversal range will bring prices to 109.5, a fall below 101.66 will change our opinion.
boys, and im telling you this now, you are ALL underestimating what is about to happen to the economy on a global scale. With the FED raising interest rates while the entire rest of th world is sitting at 0, the strength of the dollar is going to skyrocket, weve been seeing this casual retest of the former levels to take liquidity out. This wil happen swiftly and...
I posted about a month ago my idea on USDJPY and how it will go. If you want to see check Related Ideas section. We all know DXY made new high thanks to Inflation. We are waiting for to enter long term SHORT position which will be pullback to 146 - 148 area. If USDJPY could get resistance from there that will be huge confirmation to enter. Our target will be 138, 132, 125.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. US500 is overall bearish from a long-term perspective trading inside the falling broadening wedge pattern in brown, and it is currently retesting the upper brown trendline. Moreover, the zone 4150 is a strong resistance and supply zone . So the highlighted purple circle is...
DXY is about to do its 5th wave up. My target is ~120, but could be higher if it gets a real blow off top. After that it will distribute and drop afterwards. Have a nice week.
This is a minor update for DXY, the main idea has been published before you can find it in the related idea I think the dollar will continue moving up and the main target is ~118 This idea fails under 107.7 the same idea when using harmonic