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CISCO, Possible Inverted H&S, These Level To Consider Now!Hello Traders Investors And Community, welcome to this analysis where we are looking at the stock value CSCO (CISCO) 4-hour weekly timeframe perspective, the recent events, the current meaningful formation building, what to expect the next times, which level are important to hold and how to handle upcoming situations out of a trading perspective. CSCO was since the corona crisis technically one of the weaker stocks trading below the 55-EMA measure and way below its established all-time-high, now this does not mean it is bearish forever and continue as I detected some signals which can indicate a follow-up of this stock to the main market, but the importance in the CISCO environment here is that it needs to confirm certain levels before such a follow-up can be considered at all but when these conditions fulfill the stock has some potential in the current structure building up. In my chart, you can watch that the stock just forming somewhat of a correction currently where it is correcting the uptrend established since the corona bottoms seen this year, the incoming volatility is higher but it can slow down when nearing to the support in the structure which the stock has at the 300-EMA marked in black where also important Fibonacci-supports lie. Therefore it is important that the stock bounces here and it is a needed condition in order to complete the big possible head and shoulder formation seen in my chart marked in blue, which will confirm when the stock stabilizes at the EMA and bounces from there, this move is highly important because when this does not happen and the stock falls below it this invalidates the whole head and shoulder formation within the invalidation range marked with the arrows in red where the stock will increase bearishness in this area. When the stock manages to hold the EMA support and bounce from there a move towards the blue neckline can be expected, when this happens it is important to move above it the best with a volatile upside move closing above the neckline which will confirm the inverse head and shoulder formation which will provide the proper entry setup for entering a position here as this is seen in my chart, in this case, the stock can bounce from the 55-EMA in green which will be a good point for opening a position, although the aggressive immediate entry approach is also possible here the conservative will be better to wait on the confirmation and then enter. When this scenario is playing out properly there can be decent upside targets expected which can even exceed the established all-time-highs therefore a smart consideration to open positions before the masses enter, remember to wait on confirmation which is the best process here. In this manner, thank you for watching the analysis, support for more market insight, a good weekend and all the best! "Trading effectively is about accessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
NASDAQ:CSCO
by VincePrince
1
SPX500, Trading Between The Lines, Breakout Or Pull-Back?!Hello, Traders Investors And Community, welcome to this analysis where we are looking at the SPX500 4-hour timeframe perspective, the recent events, the current formational structure, the upcoming price-actions, and how to handle the situation. As the stock market has recovered from the heavy corona-breakdowns seen this year many people looking at the major S&P 500 index and think what it will do next, the big question is now if the index can succeed in making a new high despite the still damaged real economy or if the bearishness sets in again supported by a second corona increase and the following measures taking place. In order to look at this problem in the right manner, we should keep in mind that the real economy and stock-market still showing big divergences to one another, while the real economy is still damaged and in a set-back due to coronas breakdowns the stock-market making gains mainly of the retailers rushing into the market while smart-money staying outside which can lead to a speculative market environment which need to be fixed in order to provide healthy growth in both factors. The indecision and divergence can also be seen not only in fundamental aspects but also technical as you can watch examining my chart the index has formed a bigger bull-flag already which confirmed to the upside, filled the gap and noted above this level where it is now somewhat consolidating and forming another second possible bull-flag, which is smaller but it can show a more decisive breakout as the bull-flag is forming right slightly below the all-time-high-condition you can watch marked in red. This fact can either mean that the bull-flag will follow up with a strong upside breakout providing new all-time-highs or with a break below and a possible double top which can move the price way lower in the structure. As the index still has some solid support levels in the range forming with the S/R-level marked in black and the 55-EMA we can come to the conclusion that a bullish upside breakout is more likely and possible as the downside one because the index firstly has to take out the remaining supports where it will have a hard time to do so, in this case, the upside breakout after consolidation can be more expected. When the index shows up with the more likely upside breakout this does not mean the index is completely bullish as this can still be a bull-trap and furthermore the index is trading in a weak uptrend with slowing down momentum which needs to increase when the breakout to the upside should be sustainable and last away, much more important than this is the fact that the real economy needs to grow together with the stock-market to make it a solid breakout and continuation potential with upcoming prosperity as it was seen in the past, we just have to imagine that the market needs to grow also without money printing into the market from central banks and on which point the price would be without these substitutions. Such mechanisms just ensure that a bigger crash postpones sooner or later as the situation gets intolerable we should see the current rally and possible breakout with continuation in a critical light to not get overwhelmed by circumstances if the environment reverses to the other side as this was factly true with many happening this year. In this manner, thank you for watching the analysis, support for more market insight, a good weekend and all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the market.
TVC:SPX
by VincePrince
14
EURAUD, H%S Formed Formation, Downside Breakout More Likely! Hi my friends, we are looking at EURAUD 30-minute timeframe perspective, the recent events, the formation which has formed, what we can expect the next times and how to handle such a situation out of a trading perspective. Looking at my chart you can watch there that EURAUD has formed a big and solid head and shoulders top formation, such formations are known as reversal formations confirming a top with additional downward price-action, sometimes such formations can also break to the upside but as they following on an overbought market the possibility for a breakout to the downside is much higher, I made an educational post about this which you can watch when going on my account, what is supporting the downside breakout here is the strong resistance EURAUD has still in the structure supported by the 30-EMA which is likely to confirm as resistance when touched in this area. The next times we can expect EURAUD to test this resistance and confirm it as resistance to move below the neckline which will confirm the formation and activate the downside targets at the 1.65 level you can watch in my chart marked in red but when this does not happen and EURAUD manages somewhat to move above the 30-EMA resistance this formation can also break to the upside which will confirm with a decisive volatile move above the 1.655 level but from an empirical perspective and the structure this is not a likely scenario here. The formation can be traded either aggressively with entry immediately or conservative with the entry below the neckline, as the formation has not yet confirmed and there is still a small percentage possibility given for an upside breakout the confirmation conservative entry will much smarter here. In this manner, thank you for watching the analysis, support for more market insight, all the best, and good weekend! ;) "Trading effectively is about accessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
by VincePrince
7
SILVER, Reversal Established, The Condition Has Altered!Hello Traders Investors And Community, welcome to this analysis where we are looking at SILVER 2-hour timeframe perspective, the recent events, the current structural formation, what to expect the next times and how possible further continuation confirmation can play out in this structure. SILVER has reached its upside targets greatly and since then reversed the perspective to the downside where it already formed a bear-flag confirmed. These events cant be taken by side for sure and now the big question is if SILVER continues with increased downside pace or if it stabilizes and manages to form new highs again. In this case, I detected some interesting signals which will determine SILVER further outcomes we should consider in the structure. Looking at my chart you can watch there the first bear-flag marked in blue already properly confirmed to the downside and now the price bounced at the 300-EMA marked in green to the upside where it is forming another possible bear-flag formation currently trading above the 30-EMA this structure was also seen at the first bear-flag before it moved heavily to the downside. Furthermore SILVER bounced at the key-resistance marked in red at the 27.5 level which is a huge resistance previously been support and now resistance, when SILVER gets there the next times and bounces again bearish in this level the second bear-flag can confirm to the downside as it is seen in chart. When SILVER also moves below 30-EMA possibility for bearish continuation is high. When SILVER shows up with the highly likely bearish bear-flag scenario the next important support to hold is the support between 24.5 and 24.8 marked in orange where SILVER can stabilize in the structure as it is marked in the chart. There are basically two possible outcomes SILVER can form here, either the stabilization at support is sustainable and it manages to move higher in the structure confirming further bullish or SILVER increases bearish and moves below the support. With the already established bearishness, the second scenario is more likely than the bullish as SILVER is still overbought also on the higher timeframes when SILVER moves then below the support bearish pressure will increase in the bearish ground you can watch in my chart. In this manner, thank you for watching the analysis, support for more market insight, all the best, and good weekend! ;) Information provided is only educational and should not be used to take action in the market.
TVC:SILVER
by VincePrince
7
BLACKROCK, Decisive Formation Looking For Further Confirmation!Hello Traders Investors And Community, welcome to this analysis about BLK ( BLACKROCK ) 4-hour timeframe perspective, the recent events, the current formation building, what we can expect the next times, what can happen after confirmation and how to handle the situation sufficiently. The stock has recovered from the major corona-lows seen this year with some decent but weak up-moves and now trading above the prior established all-time-high-condition where it is building some decisive price-action important for further conclusions, in this case, I detected some important signals which can determine further outcomes of this stock. Looking at my chart you can watch there that the stock is forming a huge rising-wedge-formation with the upper and lower boundary marked in blue which it touched already several times to form a coherent wave count with the final wave E already established and now showing more declines in the short-term firstly which can spring up into the middle and then longer timeframe perspectives. What is also matching here is the declining momentum you can watch marked in red normally indicating a reversal into the other direction, overall the stock is showing up some solid signals to come up with increased bearish selling pressure the next time. When the stock moves on to confirm below the lower boundary which is a likely scenario, there is some local support in this area in which the stock can bounce to confirm the lower boundary rightly as it is seen in my chart marked with the confirmational. When the stock confirms the lower boundary and moves on downward below the 60-EMA in black it will continue till there is support found which can reverse the perspective and stabilize the situation which is the 200-EMA support marked in green where the stock can bounce to form a reversal. The wedge can be traded either aggressively with immediate entry or conservative with entry after confirmation. In this manner, thank you for watching the analysis, support for more market insight and all the best my friends. Information provided is only educational and should not be used to take action in the market.
NYSE:BLK
by VincePrince
1
CADAUD, Head And Shoulder Confirmed, Continuation Ahead!Hello Traders Investors And Community, Welcome to this analysis where we are looking at CADAUD which is sending some quite interesting signals at the moment with a potential continuation ahead and a clear formation which developed we can expect some significant price-actions further developing. Looking at my chart you can watch there that CADAUD just confirmed outside its strong inverted head-and-shoulder-formation where it moved above the neckline with a decisive volatile move, this formation is normally considered a bottom formation and can provide further up moves when there do not enter any price-actions invalidating the formation. Currently, the pair is approaching resistance which can indicate a pull-back developing next times that can confirm the neckline a second time properly which will happen with a bounce from it, what is supporting this scenario is the 100-EMA marked in orange together with the neckline building a coherent support cluster where a bounce is likely, when this happens it will activate the overall targets at 1.066 marked with the black level in my chart, there is also a 400-EMA marked in blue in which the pair has resistance, therefore it needs to be elevated how the pair is reacting in this range, it is within the possible spectrum that it shows bearish action there as traders taking profit and the resistance validates. In this manner, thank you for watching the analysis, support for more market insight and all the best my friends. "Trading is about accessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
by VincePrince
1
FTSE 100, Consolidating, This Scenario Can Alter The Situation!Hello Traders Investors And Community, Welcome to this analysis where we are looking at the FTSE 100 Index, what it is currently doing, the overall formation, the possibilities when certain confirmations occur, and how to handle upcoming changes. The FTSE is an index which has developed a longer consolidation period after its recovery approach from the corona breakdowns seen this year, the big question as it is also the same in other major indices is if this recovery can sustain further within a healthy unspeculative market environment or if there is more downside ahead especially when an increase in corona shows bearish downside action similarly to those mechanisms seen this year. Looking at my chart you can watch there that the index is trading in a longer stretched descending parallel channel which is marked in red where it is consolidating slightly to the downside and already touched the upper and lower boundary several times, such formations tend to break out sooner or later and the longer such formations develop the heavier and more volatile the breakout will be. Technically speaking the consolidation can go on more time when there is no positive news event which is altering the situation immediately to the upside, furthermore, the wave count establishing supports this scenario where the final wave E can form over the next times while the upper boundary confirming bearish again this final wave is not far away and within the high possible range. When this happens and the final wave develops the index has some solid support at the Fibonacci-support seen in my chart which is the 50 % level of the whole wave up, this support is also matching with the lower boundary of the channel where a bounce can be given and expected. When the index bounces in this area it can move on to confirm the bull-flag which will activate targets way above the range but the importance is to show up with the confirmation. This possible bull-flag breakout can confirm a healthy bullish edge but that does not mean the whole index is completely bullish as there are still strong resistance levels and the index is trading way below its all-time-high-condition, therefore we should not keep the bearish scenario fully by side here, the bull-flag can confirm bullishness on the short and long-term but that does not mean it will definitely go up into the long term as well, in this case the bull-flag can be traded on the long-side but it should be seen crucial when it is approaching resistances in the range above. In this manner, thank you for watching the analysis, support for more market insight, and all the best! Information provided is only educational and should not be used to take action in the market.
TVC:UKX
by VincePrince
3
AUDNZD, Reversal Building, Trade When Formation Confirmed!Hello Taders Investors And Community, Welcome to this analysis where we are looking at AUDNZD 4-Hour Timeframe Perspective, the recent price-action, the current formation building, what to expect the next times and how to handle a possible confirmation of the formation with appropriate trading which is important in such market situations. Looking at the chart you can watch there that AUDNZD is building this preliminary rising-triangle-formation marked in blue where the price already touched the upper and lower boundary several times also with a matching wave count ending with the current wave in the structure. Overall this is a bearish reversal formation pointing to the confirmed downside when the price closes properly below the lower boundary of the formation with a second touch of the lower boundary before a continuation to the downside can be considered. When looking on the bullish perspective the possibility is highly marginal the bearish one much more likely nevertheless a close above the higher boundary can invalidate the bearish scenario and therefore the formation. This breakdown can be traded either aggressively or conservative, the aggressive approach is an immediate entry in the triangle, the conservative is waiting on the confirmation then placing the order, the first target will be the 200-EMA marked in blue when this level does not hold the pair has increased potential to move lower. In this manner, thank you for watching the analysis, support for more market insight, and all the best! Information provided is only educational and should not be used to take action in the market.
by VincePrince
3
PLATINUM, This Formation Possibly Provides Proper Setup!Hello Traders Investors And Community, Welcome to this analysis where we are looking at PLATINUM 4-hour timeframe perspective, the recent events, the current formation, and how possible set-ups can resulting out of it. PLATINUM is trading in this huge possible rising-triangle-formation marked in blue which can reverse the established bullish trend to the downside as it already begins to struggle while it is approaching important resistance levels formed by past price-action. The wave-count you can watch is matching also this triangle which will confirm when the price the last time touches the upper boundary to confirm it bearish , therefore the whole formation will be confirmed with a close below the lower boundary and a possible additional confirmation of it which will show the proper short-side setup to be traded, although the aggressive immediate entry is also possible here the conservative waiting on the right confirmation will be way smarter. Targets will be way down in the structure and when the minimum targets achieved at around 900 there can come more bearish pressure, in this case, it is important to examine further. In this manner, thank you for watching the analysis, support for more market insight and all the best. "Trading effectively is about accessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
TVC:PLATINUM
by VincePrince
1
TSX, Setting Up To For Possible A Alteration In Perspective!Hello Traders Investors And Community, Welcome to this analysis where we are looking at TSX 4-hour timeframe perspective which is showing up some quite interesting signals at the moment. As the main market has recovered from the corona-breakdowns seen this year the meaningful question is now if these recoveries are fundamentally backed to follow-up into a healthy market environment or if the bear-market-pressure will increase again similar to those price-actions contributed this year, as the bear-market is still not confirmedly over and many major indices trading below all-time-high conditions as well as the stock market, in general, we should not keep the bearish scenario by side not mentioning the huge divergences between real economy and stocks as the rallies aren't necessarily backed while smart-money is staying out retail is rushing in which can reverse the environment also in the other direction. Looking at my chart now you can watch there that the index is moving in this preliminary important ascending-channel marked in grey where it consolidates more or less to the upside forming some uptrends. Furthermore, the index has still a major gap at the upside within the 17000 levels marked in orange waiting to be filed the next time. This gap-fill will be highly possible as others have shown similar formations and such gap-fills are likely to be filled shown in past price-action evidently, but what is also a fact is that after such gap-fills often supply enters the market and the price firstly makes a smaller when not bigger pull-back to the downside when bulls aren't strong enough in this level, such a mechanism can also happen here as it is marked in my chart. When the index shows bearish pressure right after the gap has been filed and tests the lower boundary of the ascending-channel it needs to bounce there and confirm it as support when considering further bullishness otherwise when this does not happen and the price moves below this boundary the possibility for bearish pressure to the downside increases heavily this will show up also with a confirmation below the 60-EMA in black and continued bearish movement, overall this will form a bearish environment till there is solid support found which can reverse the situation and back the index up when this happens we will see how the dynamic is playing out and if there can be a reversal to the upside, taking these factors into consideration we should not ignore the bearish perspective as also new corona-fears can hit the market, therefore, it is important to be read on it to not fall apart when it is showing up. In this manner, thank you for watching the analysis, support for more market insight and all the best. "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the market.
TSX:TSX
by VincePrince
1
BERKSHIRE UPDATE, Approaching The Critical Range Now!Hi my friends, Welcome to this update-analysis about BERKSHIRE and the recent events, how it is approaching the critical range, what we can expect the next times, and how to handle upcoming situations accordingly. The stock confirmed the before mentioned possible movement and bounced at its lower boundary to move upsides testing the remaining strong resistance-cluster which can lead to a possible bear-flag and its confirmation, if you did not watch this analysis already I highly recommend it to you for having a full-depth-overview about the established situation. As the stock is approaching these important levels there are some meaningful signals I detected determining the further outcomes of the stock and where the journey can head. As the main stock market has decently recovered from the corona-breakdowns this year there are still stock remaining which trading way below the established highs and looking rather weak and bearish then in a good shape to form new highs therefore it is significant to assess these stocks individually and only consider these on the long-side which providing right conditions. Looking at my chart you can watch there that BERKSHIRE is now approaching the huge bearish confluence-cluster marked in red which is also matching with the rising resistance line marked in light-blue, therefore, building up coherent resistance in this structure, in this case there is a high possibility given that the stock also confirms it as resistance to move lower and testing remaining supports on validity. As you can watch marked in my chart the next important support is the middle-line of the channel in blue and the EMA structure consisting of the 800-EMA marked in black and the 100-EMA marked in green where the stock can bounce and confirm as support, this movement is crucial here because it needs to hold otherwise when the stock falls below this level the possibility for more downside increases seriously and should not be ignored as the stock can move on to confirm the huge possible bear-flag-formation marked in my chart but when this does not happen and the stock holds the level this can turn to the upside when bulls are strong enough which can invalidate the bearishness, reaction in range will decide the ongoing movement. In this manner, thank you for watching the analysis, support for more market insight and all the best. "The high destiny of the market is to differentiate rather than to speculate." Information provided is only educational and should not be used to take action in the market.
NYSE:BRK.B
by VincePrince
6
GBPJPY, Forming Channel-Pattern, Breakout Determines Direction!Hello Traders Investors And Community, welcome to this analysis where we are looking at GBPJPY 4-hour timeframe perspective, the recent events, the current formation-structure, what to expect from it the next times and how to handle the final scenario in an appropriate manner. GBPJPY has formed a huge exponential uptrend where it recently stopped to go into a longer-lasting consolidation where it is currently forming a decision-pattern which will determine the further outcome, in such a situation it is important to need to know what is possible to happen and how this situation can be handled out of a trading perspective, therefore, I detected some important signals which need to be considered here in order for outcomes in the pair destiny. Looking at my chart you can watch the huge ascending-symmetrical-channel marked in blue which the pair is building up here with the lower and upper boundary already touched several times and building up a coherent range, such formation can confirm either to the up or downside with the projected target from the low and high of the formation to the proper breakout, as GBPJPY is overbought in the higher timeframes and has some important resistance structures here established the bearish breakout is more likely in this case which will confirm with a break of the lower boundary to the bottom, the bullish one will confirm the channel as a bull-flag but the price will have a hard time to advance because the pair is still trading in overbought conditions. This structure is the best way to trade with the proper confirmation which is providing a high possibility setup. In the bearish since this will happen with a break of the lower boundary, a bounce of the 50-EMA in orange and a continuation downwards toward the next EMA-steps which will also end up the wave-cycle. The not that much possible bullish scenario will confirm when the pair advances in the channel and above the upper boundary to finally confirm it as support where a trade can be placed. In both cases it is highly important to wait on the proper confirmation before trading in the right direction because the pair is still in an indecisive state currently, therefore, we should not speculate and trade after confirmation occurred. In this manner, thank you for watching the analysis, support for more market insight and all the best. "Trading effectively is about accessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
by VincePrince
1
D-JONES, Important Levels To Consider Next Times!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at the DOW JONES Industry Index 4-hour timeframe perspective, the recent price-action, the current importances in the structure, what to consider next times and how to handle upcoming situations in the right manner. As the overall stock-market is recovering from its corona-breakdowns seen this year there are major indices which already filled important key-levels such as the huge gap in the SPX which I mentioned and now filled properly, the DOW is still below these levels and could possibly follow-up with its gap-fill. In this case I detected some important signals which can make this happen when the DOW moves correctly within its range, but this does not mean the market is comptletely bullish as the bear-market is still not confirmedly over bearish action can increase again as markets approaching solid supply zones. Looking at my chart you can watch there that the index just moved above its descending-channel-formation and formed this smaller ascending-channel-formation where it also moved above the upper boundary, these factors give an increased bullish pace within here and can indicate continuation to the upside which will be given when the index manages to travel above the last rising resistance of its channel as you can watch it in my chart, it is either possible to form a consolidation before doing this or a immediate breakthrough, a consolidation is more likely within this structure. When this properly plays out the index will look for the gap to be filled which will be crucial as this can be a point where supply enters the market as people taking profit and the price moves to the downside therefore it can also be considered a possible short-zone as you can watch it marked in my chart. It is highly important to take note that although the index sending some decent bullish signals at the moment it is still not confirmedly bullish not only because there are still remaining strong resistance-levels but also because there is still a huge difference between real economy and stock-market as stock-market is showing gains real economy is in a decline, to provide a healthy unspeculative market environment these two need definitely move together. When the index approaches the higher levels we need to elevate and be prepared for possible bearish signs as this will be crucial level where selling pressure can enter while many retailers rushed into the market to do not pass away the rally smart-money is still not fully in the market and in the sidelines this can be a indication for more bearish pressure assuming over the course of next weeks and months. In this manner, thank you for watching, support for more market insight and have a good day! “Forecast is a mixed fortune in todays market environment. ” Information provided is only educational and should not be used to take action in the markets
TVC:DJI
by VincePrince
1
HD, This Formation Is The Crucial Factor For Futher Outcomes!Hello Traders Investors And Community, welcome to this analysis where we are looking at the stock value HD 4-hour timeframe perspective, the current formation and what to expect from this stock the next times. Although HD has formed some new highs it is struggling at the moment as the volatility gets extremely low and the price weakens it can be possible to reverse, in such environment it is important to note that there are stocks which gained strongly out of the corona crisis and stocks which showing bearish signals, as HD has shown some bullish signs this can reverse to the other side now therefore I detected some important signs to consider which will determine the further outcomes. Looking at my chart you can watch there that HD has formed this huge possible rising-triangle-formation which is marked in blue where the price already severaly touched the lower and upper boundary within its low-volatile movement, what is important is this movement as it gets slower and slower here the price struggles to advance, such movement can suddenly reverse which is also playing into the rising-triangle-structure the stock is building up here. This triangle will confirm when the price closes with a volatile move below the lower boundary and therefore confirms the triangle, a continuation to the downside will be highly possible and should be considered when this happens. When the more likely bearish scenario plays out here the stock will look for remaining supports which is firstly the 100-EMA marked in red which is a possible support that can hold and when it does not the next support will be at the 300-EMA marked in black, in these levels the stock can reverse and possibly continue bullish on the middle or even on the long-term but this has to be confirmed rightly. Although a immediate aggressive approach is also possible here such formation can be traded best possible with a confirmation of the whole triangle-formation with a close below the lower boundary and cotinuation, it will be highly interesting how this is playing out in the current structure. In this manner, thank you for watching, support for more market insight and have a good day! “The fundamental law of trading is the forecast of the future.” Information provided is only educational and should not be used to take action in the markets
NYSE:HD
by VincePrince
4
SPX500, Major Gap Has Been Filled, What To Consider Now!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at the S&P 500 4-hour timeframe perspective, the recent events, the gap-fill occurred, what to consider now and what are possible outcomes further next times. The major gap which the index formed in the corona-breakdowns seen this year has been filled now properly as expected therefore it is important currently how the index develops further and if there can come a possible continuation or fall back to lower levels, overall it is important to note that the recovery is not fundamentally backed as the real economy is still damaged by corona and the gains seen are mainly provided by retailers as smart-money is currently still staying out of the market, such perspectives can lead to a speculative market environment which does not mean it can convert to a healthy bullish environment but it means that rallies and new highs should be seen crucial, in this case I detected some important signals meaningful for the next outcomes of the index. Looking at my chart you can watch there that the index just confirmed recently the gap-fill and now it is possible that supply enters the market firstly providing a correction as such mechanism is seen often after such gap-fills, otherwise it is possible that bulls are strong enough and just move above the gap-fill-level. Currently it is more possible that the index firstly shows a pull-back and consolidation between the higher boundary of the channel and the support/resistance level as seen marked in my chart. Basically there are two possible outcomes given, the first is the bullish breakout scenario with a new high forming which is more likely at the moment as the index has some solid supports as you can watch, the second is that the index firstly visits lower levels to reallocate newly which is the unlikely scenario as the index firstly has to take out the solid support levels before moving on, but as the rally is still not fundamentally backed this scenario should not be ignored at all but when the index holds the support properly it will move on to form this historical new high which will be worthwile and will tell if its just a huge bull-trap or solid rally. The current situation is a situation where the index has to show if its underlying pace is strong enough to advance in the structure but when considering all this it is important that the real economy also recovers together with the market, till this is not happen all rallies happening are highly speculative and walking into the danger of a possible bearish volatility similarly to those seen this year. When the index takes out the previous high and forms another one it is from high importance to do this sustainable because when it does not and the area is just visit a short time to go back into the established range this can be a fake breakout leading to downside ahead. It will be highly interesting how this is playing out and if the index has the ability to take out the highs substantially. The next times will show how the more likely scenario is playing out and if this can also be backed of a solid real economy which is growing together with the market because this is what is needed till then the market is still in a unconfirmed status and can reverse to the bearish side back again which can be sudden and heavier than before. In this manner, thank you for watching, support for more market insight and have a good day! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets
TVC:SPX
by VincePrince
3
GBPUSD, Enormous Wedge-Formation, Looking For Stabilization!Hello Traders Investors And Community, welcome to this analysis where we are looking at GBPUSD weekly timeframe perspective, the massive formation it is building up there, what we can expect from it and what it needs to fulfill for a proper confirmation of this huge formation. The last months and weeks GBPUSD was in a steady but week downtrend with several lower lows and lower highs forming on the wedge and an important wave-count forming. Such formation will normally breakout with high volatile movements to the upside but the big question is now when this breakout occurrs and if the bottom already reached or if there is more to come before a stabilization can be considered, in this case, I detected some important and crucial signals which will determine the further outcome of this pair. As you can watch when looking at my chart is that GBPUSD just testing another time the strong 200-EMA resistance which is marked in black, furthermore this level coherently forms resistance together with the higher boundary of the wedge-formation where GBPUSD several times formed bearish movements to the downside, therefore there is a high potential given that GBPUSD forms another time bearish moves to the downside as this is still a solid resistance-cluster which should not be ignored in the structure. When the pair falls below the 30-EMA which is marked in red it will confirm the last leg to the downside till it reaches crucial support and possible bottom in the back-up-zone you can watch marked in my chart. Taking all these factors into consideration GBPUSD will continue with its steady but weak downtrend till there is a decisive bottom forming which is strong enough to move with a volatile move above the upper boundary and therefore finally confirm the huge broadening wedge formation it is trading in, when this happens it will greatly confirm further upside also in the middle and long-term but this needs definitely a strong break of the upper boundary and possible following confirmation of it. The next time will show how this scenario is playing out and when there is a breakout of the long-lasting downward movement GBPUSD is forming here till then the middle-to-long-term remains to confirm the final wave. In this manner, thank you for watching, support for more market insight and have a good day! There are many roads to prosperity, but one must be taken. Information provided is only educational and should not be used to take action in the markets
by VincePrince
1
NZDUSD, Huge Triangle-Formation Which Can Show Up Proper Setup!Hello Traders Investors And Community, welcome to this analysis where we are looking at NZDUSD 12-hour timeframe perspective, the recent events, the current formation forming, what to expect the next times and possible confirmational scenario. NZDUSD move in a protracted uptrend which is currently showing weakening signs where it is also approaching resistance in higher timeframes and forming bearish reversal signs, in this case, I detected some important signals in consideration if NZDUSD forms a solid reversal or continues with its established but weakening uptrend where a bearish breakout can be definitely in consideration if NZDUSD also confirms this rightful in the schedule. Looking at my chart you can watch that NZDUSD is trading in this huge possible rising-triangle-formation marked with the grey rising trendlines where it consolidates to the top of this formation which currently gets narrower and narrower. Furthermore, the 20-EMA you can watch marked in red holding this structure still to the upside which is building together with the lower boundary of the formation coherent support which when broken to the downside confirms the overall rising-triangle-formation and shows a decent set up like you can watch it marked in my chart. When this scenario plays out there is a high possibility given that NZDUSD continues bearish to the downside until the next remaining support locks up. Such formation can be traded in two ways, once it is an aggressive immediate entry in the triangle formation and secondly it is the conservative approach waiting till the formation has finally confirmed. Although the immediate approach is also possible here the conservative will be smarter as the confirmation provides a high possibility setup. Currently, it is possible that NZDUSD invalidates the triangle formation and breaks to the upside but this possibility is very very marginal therefore the bearish scenario is what should be more considered here. When this plays out it will be highly interesting what NZDUSD will do at remaining lower support in the structure which is firstly the blue 200-EMA marked in my chart. In this manner, thank you for watching, support for more market insight and have a good day! Comfort and prosperity have never enriched the world as much as adversity has. Information provided is only educational and should not be used to take action in the markets.
by VincePrince
1
RUSSELL 2000, Trading Above Keylevel With Continuation Possible!Hello Traders Investors And Community, welcome to this analysis about one of the major stock market indices RUSSELL 2000, its 4-hour timeframe perspective, the recent price-action, the current formation and what to expect from the index the next times. Similarly to other preliminary indices the RUSSELL 2000 has recovered from its heavy corona breakdown seen this year but this does not mean the bear-market is overall over, in this case, all the main stock market indices begin to struggle with their uptrend growth and either consolidating or already building up downside potential, therefore, it is important to look at the facts and realistically measure what is possible in the next times and what is unlikely to do not get overwhelmed when things move into the reverse perspective, therefore I detected some important signals which will determine the further outcomes of this index. When looking at my chart now you can watch there that the index formed a symmetrical triangle below the meaningful falling resistance marked in blue which formed by the all-time-high and the tops formed in last price-actions. This triangle has successfully confirmed to the upside and the index managed to closer above the important falling resistance line where it consolidates currently as you can watch it marked in my chart, this consolidation and breakout occurred are two decent bullish signals playing to the possibility that the index can continue with bullish rising to the upside when there do not come any bearish signs which invalidate this scenario again. Furthermore, the trading above the 60-EMA marked in cyan in my chart is supporting this scenario which will be confirmed properly when the index manages to break out of the consolidation and move on as it is shown in my chart. Taking all these factors into consideration the index currently provides a more bullish than bearish outlook on the short-term, this is really important to note that the index has some potential in the short-term but it will run inevitably into resistance levels higher in the structure, this means a bearish reversal is not totally out of the sight as the uptrend begins to struggle and slowly don't this should not be kept by side. Also, the real economic situation is still providing a big divergence to the stock-market where real economy is damaged by corona and the stock market making almost exceptional growth to the upside where retail moves into the market while smart-money stays out of it this isn't a healthy environment where both factors real economy and stock-market growing together and therefore should not be ignored considering the next months and outcomes where the speculative rallies can reverse and lead to a shaky downside environment. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Information provided is only educational and should not be used to take action in the markets.
TVC:RUT
by VincePrince
1
EURUSD, Breakout And Rising But The Perspective Can Reverse!Hello Traders Investors And Community, welcome to this update-analysis about the EURUSD where we are looking at the weekly timeframe perspective, the overall breakout and rising dynamic, the importance of further price-action, where the price can lead and what to take note of in order to take appropriate action. EURUSD has formed a huge bullish rising to the upside since it broke above the preliminary broadening wedge and confirmed it bullishness not only on the smaller timeframes but also on the higher timeframes as it is clearly seen on the weekly timeframe. Now I found some interesting and worthwhile signals which can lead to a reversal and possibility on the short-side as the market approaches important levels these will determine the outcomes. As you can watch when looking at my chart is that EURUSD just made this exponential growth since the broadening wedge confirmed appropriate, now it is moving on and firstly shows no reversal signs but when looking more inside there are important levels of resistance above between the 1.185 and 1.2 level established not only from older price-action but also the 600-EMA you can watch in my chart marked in black, these levels building up a huge resistance-cluster you can watch marked in red in the chart, furthermore the market is extremely overbought which is just supporting this cluster and the possibility to confirm it bearish and therefore show bearish pressure to the downside, which will be realized when EURUSD does not manage to move above the huge resistance-cluster. When the more possible scenario is playing out accordingly EURUSD has the potential to back-up in the zone you can watch marked in my chart which will also confirm the broadening-wedge-formation a second time. The possible established bearishness will not mean that EURUSD will go on forever bearish but it does mean that there is waiting for a pull-back when not a bigger correction in front where EURUSD has to show if it has the strength to back-up or falls more. The immediate bullish scenario is possible currently but it is definitely not high therefore the bearish scenario and possibility on the short-side should be preferred here which can be traded either conservative with a break of the grey trendline or aggressive with an immediate entry in the bearish-cluster, traders should decide according to own risk-preference. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! There are many roads to prosperity, but one must be taken. Information provided is only educational and should not be used to take action in the markets.
by VincePrince
13
PFE, Huge Triangle-Formation With Possible Breakout Ahead!Hello Traders Investors And Community, welcome to this analysis where we are looking at the 4-hour timeframe perspective of stock value PFIZER, the recent events, the current formation structure, what needs to be fulfilled that the stock confirms properly and what are possible trading opportunities when the stock has confirmed. As the main stock-market has recovered from the huge corona-breakdowns seen this year there where stock which gained strength out of the crisis and stocks which just stayed in a bearish state, although the health sector surged in demand because of the health crisis and people wanting to live more sustainable lives PFIZER is still somewhat in a sideways movement where it has to confirm and therefore show the ability that it has the strength to move beyond this sideways correction, therefore, I detected some important and interesting signals which can determine the follow-up destiny. When looking at my chart you can watch this huge possible ascending-triangle-formation where the stock already confirmed several times the upper and lower boundary, furthermore, it noted several times above the 100- and 400-EMA which you can watch marked in blue and orange in the chart, this is a good sign because on the other side there are stocks which trading below these EMA structures. As the stock is approaching the upper boundary another time now we can expect it to confirm as resistance and therefore move on to test the lower boundary of the triangle-formation another time, when the stock manages to stabilize in this boundary where also a coherent support-cluster lies as you can watch it in my chart the potential is given that the stock goes on to confirm the huge ascending--triangle-formation with a final break above it which will cause the bullish rising and an appointment to higher targets. For now, it is highly important that the stock holds the substantially lower boundary sustainable and does not fall below it where the possibility is not big currently but it should by no means kept by side easily. Compared to other stocks which already moved above and confirmed new highs this stock has definitely some room to go, the breakout when it happens can be traded the best way with a conservative entry after the upper boundary has confirmed, it is also possible to open up an immediate position but this would be the riskier variety, traders should decide according to individual risk preference, and to secure the proper confirmation it is from high importance that corona increases not heavily again and the real economic situation stabilizes further from the heavy breakdowns because when it does not this can cause bearish rumors in all global markets and therefore possible downside ahead which can invalidate the scenario. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! There are many roads to prosperity, but one must be taken. Information provided is only educational and should not be used to take action in the markets.
NYSE:PFE
by VincePrince
9
USDJPY, Build Huge Descending-Channel, These Are Important Zone!Hello Traders Investors And Community, welcome to this analysis where we are looking at USDJPY weekly timeframe perspective, the recent price-events, the current formation, its importance, and what we can expect from this pair regarding next weeks and months. This pair has been in a weak but steady downtrend since it established its highs at 118.5 where it formed heavy down moves since these tops where created, now there are some important factors that need to be considered for a continuation or reversal to the upside. Currently, I detected some interesting signals which can prove worthwhile in further development and trade placement. As you can watch when looking at the chart is that USDJPY is just moving in this huge huge huge downtrend falling channel formation where it already formed several bearish wave counts to the downside and establishment of the lower boundary which you can watch marked in my chart with the dark-grey lines. Currently, the pair is moving on to form the last major wave count and therefore complete the possible wave D and E of the overall downward wave-count. Which will mark the completion either with another touch of the lower boundary or with a stabilization before this boundary at the range between 99-25 and 100.65 where some solid support is lying. Overall we can expect this pair to continue its downward movements till there is support found which reverses this movement or it will go on, for a reversal consideration it is from high importance that USDJPY holds the 98.8 level which you can watch marked in orange in my chart, when the pair falls below this level it will likely continue with bearish downward pressure. When the pair stabilizes in the blue back-up zone you can watch marked in my chart there is a good potential that it moves and reverses in this range to test the upper boundary of the huge downward channel and when it is strong enough move above it but still this is not continued the direction remains to the downside. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Astonishing claims require astonishing results. Information provided is only educational and should not be used to take action in the markets.
by VincePrince
11
NIKKEI INDEX, Holding Important Levels, This Is Possible Now!Hello Traders Investors And Community, welcome to this important analysis about the NIKKEI 4-hour timeframe perspective, recent events occurred, the current formation-structure, what is possible within this environment, what we can expect when the proper scenario has confirmed rightly. In the last weeks almost all major world indices seem to recover from the heavy corona-breakdowns marked this year but the big question now will be if these recoveries are sustainable or if there are coming bigger pull-backs when not a continuation of the bear-action established this year ahead. In the NIKKEI I found some interesting and meaningful signs how further development will proceed which will have an impact on the outcome. As you can examine when looking at my chart is that the NIKKEI is building up this triangular-formation marked with the orange triangle in my chart which is building coherently up by the falling resistance line you can watch marked in light-blue and the lower boundary of the rising channel the NIKKEI is forming here. Not only these levels building the symmetrical triangular formation which can break either to the up or downside here but also the confirmed touches of the lower and upper boundary and the several touched of the 60-EMA marked in red which is a significant factor in this range holding the overall trend to the upside, when this EMA is broken to the downside it will cause great bearish pressure, therefore, it is highly necessary to hold this EMA. Taking all these factors into consideration and the fact that NIKKEI has not yet confirmed below the 60-EMA and therefore holding above it and the lower boundary a bullish breakout is more possible than a bearish breakout which will confirm with a 65 % possibility better as the bearish with a 35 % possibility, to make this breakout sustainable it is from high importance that the NIKKEI closes above the upper boundary with a protracted and stable move to confirm it in the right manner. When the breakout happens it can be traded conservatively after a pull-back, although the immediate entry in the triangle is also possible here it should not be kept as the best option as the triangle has still not confirmed so far the conservative trade should be smarter. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Trading is about accessing possibilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
TVC:NI225
by VincePrince
1
DOW JONES, Short-Term-Gap Filled, This Levels Are Important Now!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at 4-hour timeframe of the major stock-market-index DOW JONES, what it is building up the last times, and what we can expect the next times. In a previous analysis, I gave a free signal for the index with the small-term-gap to be filled which now reached its targets fully and properly within the schedule, now this fact does not mean the index is completely bullish and will continue in this manner but it has some meaningful possibilities to do this when it manages to confirm given scenarios, there are some important levels and signals which I found which can affect the outcome substantially. As you can watch in my chart the index is trading in this important descending channel formation building a coherent upper boundary from its all-time-high to the previous highs established which it is currently testing to the upside, as the gap was filled and some supply entered the market the index is now consolidating between 26500 and 27000 which is overall a good sign that the index still holds this level. Furthermore, it has some decent support between the 26350 and 26500 levels which is marked in orange and building the lower range support below this level the index has also lower range support between 24700 and 24900 where it can bounce given within a solid likelihood. Now given these results we can come to the conclusion that the index has two possible scenarios to play out before it confirms the upper gap to be filled. The first scenario will play out when the index holds the current level and manages to move above the falling resistance to confirm above it therefore it is from high importance that the index does this with a decisive high volatile move, the other scenario is that the index firstly falls below the support in the range and confirms the overall lower support before it climbs up and sets up to fill the gap. As there is still some solid support in the range of the first scenario, scenario A is more possible within a given possibility of 65 % and scenario B with 35 %. This technical situation of the index does not alter the whole dynamic of the stock market which is currently trading in a speculative movement where many retailers enter the market while smart-money staying on the side-line. This can go some time but sooner or later the differences between the real economy and stock-market will be to be that either an adaptation of the two factors occurs or a shift into the bearish perspective again which can increase to the downside as there are many retailers in the market since the corona-breakdowns seen this year. The bullish short-to-middle-term perspective does not alter this fact therefore it should definitely not be kept aside, it will be highly interesting how this dynamic will develop. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Even though fortune's destiny seems obscure in the present, it is actually beginning right now. Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
6