Will new ATHs happen this year? Likely Despite the rate hikes? Likely Despite the vast majority still not understanding what Bitcoin is? Likely Despite the million Altcoins? Likely Despite the War in Ukraine? Likely Despite the Chinese crackdown? Likely Despite my uncle still thinking it's 'tulips'? Likely Despite Indices being a dangerous bubble? Likely Despite...
Haven't posted an idea here in years, I've now matured into somewhat of an amateur, as we most are. Rate hikes coming, consistent tension, any liquidity will be dumped on right now. Big money does not want to go "risk" on right this moment. Better to go risk on at much lower prices. aka target or below. Not financial advice. Any questions let me know.
Technical Read on BINANCE:ETHUSDT DotcomJack | Don't trade this, you will lose money
AUDUSD it hit support zone and now we are looking for buy setups, you will wait for it to go up for a conforming a uptrend market. as you can see it broke the trend line and now it is retesting it and also hitting the fibonacci level of 38% i like to see it hit the 50% and then buy! risk reward on thid trade is 2.40 entry: 0.67267 TP: 0.68428 SL: 0.66784
Pending Order: Sell Eur/JPY: 128.90 TP: 128.78 SL: 129.02
Global Dow GDOW Same thing here. Testing resistance, in fact it's now sitting just a couple of points above the next line at 2930. It's going to push back up to 3000-3003 sooner or later, just over 2% on this chart. Look to buy SPX or any major market either on any retest of the rising dynamic if we get to see it- or on further strength above 2935 on this chart...
If we keep getting lower highs and neutral lows , It is likely/plausible that we might develop a bullish bias as long as we hold the 6k support line , its looking good gents if the 6k support line is broken we should continue a bearish bias/trend for a few more months more unfortunately
DXY Dollar Index: Consolidating recent gains The dollar is consolidating recent gains after reaching a high at 94.06, some 14 points shy of the medium target here. My bad and not a fault in the chart, as there is old resistance at the 94.03 level from the end of last year, as the chart clearly shows. Sorry for that. Anyway DXY (and USD pairs) look like they...
21st May EURUSD Week Ahead EUR has reached the medium term downside target at 1.1721 today after a low at 1.1718. Although it's rallied away from here as London opened as it should do, it's not likely to get very far, though. The first resistance potential is here at 1.1763, then a minor level at 1.1786 and then heavy at 1.1821-1.1836. It will need...
S&P 500 Index: SPX Same problem as as the Dow - risen to fill the gap and now retesting near term lows at 27330 - The first real support lies at 27130 and it looks likely it will be tested soon. Failure to hold here will signal further near term weakness back to 26687 and potentially, if this level fails, back to 26007
Gold and the Dollar XAUUSD and DXY The dollar's decline is close to finishing. Likely to be one two spots outlined below - so this is likely also to be a big week for gold, oil, and across US pairs too. Look for buy set-ups on dollar pairs and sell set-ups on gold, silver, copper and oil... As DXY tries to climb and hold above a little dynamic that underpins...
Gold Dollar XAUUSD and DXY The dollar's decline is close to finishing. Likely to be one two spots outlined below - so this is likely also to be a big week for gold, oil, and across US pairs too. Look for buy set-ups on dollar pairs and sell set-ups on gold, silver, copper and oil... As DXY tries to climb and hold above a little dynamic that underpins price...
DXY Dollar Index Long Term We've been aggressively bearish of the Dollar since that first break below 98.5 back in early May last year. Down another 11% since then it's coming time finally to think about reversing back long again soon. DXY has already hit and bounced from the support line at 88.44. Below here lies a long term dynamic support line which has...
Same as it ever was, quarter/month end in to month/quarter start, don't overthink the obvious until it breaks buy every open, sell every close! CME_MINI:NQ1!