Money
Double BottomUS stock market has been crashing since Nov 21, Nasdaq100 is now at the support level which prints a famous and the legendary chart pattern "Double Bottom" Now this may be right time to take the long positions. Are Bulls taking over? Is this the end of the bear market? Its either you download money with us or watch us downloading money. Let's Download Success.
DXY! Always up to something!DXY is sort of annoying sometimes to use as an indicator and even fails half the time properly showing the strength or weakness of the dollar at any given moment. However if pressured to do an analysis on this... here is my call.
Just going with the trend of the four hour chart, expecting some sort of pull back would ultimately be the only chance at going long here. Again a lot of mistakes can be made looking at this chart to use it as an indicator for other securities. So that in mind take this with a grain of salt. DXY is going up. For how long, no clue. Would I ever make another trade based on what this one is doing. no. I just know a lot of people are interested and use this as a gauge.
In a time when the news is signaling a depression I am here to be the light and tell you that the dollar will strengthen not because the dollar is getting any stronger but the yen and pound and other currencies even bitcoin are just hitting rock bottoms. To each their own, apples and oranges, tomatoe tomateh. Happy Trading all!! Thanks for your support! Stay tuned for more signals coming at you Towards the end of the week! My Ethereum call is playing out nicely if your late to the party I still think we have a ways to go. look for a pull back!!
QQQ Short if Major support is Broken QQQ is getting ready to retest its major support at $269.28 if we break below this point I see further downside.
QQQ has formed a descending channel and has a target region of $225-$230
I'm currently looking into puts that are 30 days out and puts that are 60 days for swings once $269.28 is broken.
IF AND ONLY IF $269.28 is broken $265 puts 30 to day 60 days out :)
Happy Trading!!! :)
Possible Support Areas for Bounces
$269.28 --- $251.32 --- $237.35
Gold in the next 24 hours Gold overall is looking like it is in a bearish market, but as you can see in the picture I attached, buyers are trying to push up from this level of support at my 1725 zone, so we may see a retractment before continuing lower, or price could continue up from here if support holds up well enough.
Flat Top FlagGold has been falling lately due to a strong US dollar, technically we are currently witnessing another continuous pattern which a flat top flag. This is a signal that we may see more price drop as illustrated on the chart. Wish you all the best. Remember to use proper risk management. Lets Download Success.
Continuous PatternWe are looking forward to seeing if USD will continue being strong against Swiss Franc. If the price breaks above the bearish channel, we may see a bullish movement hence we will place our orders right after the channel breaks. I wish you all the best. Remember to use proper risk management. Let's Download Success .
Ascending ChannelUSDCAD is currently targeting to touch the upper line of the channel, as soon as it touches it, we are looking forward for bears to take over. We may see a huge price drop to the bottom trendline. I wish you all the best. Remember to use proper risk management. Let's Download Success.
Bullish Cypher PatternUSD is strong against Pound since last year June, we are currently seeing GBPUSD form a bullish cypher pattern. We are expecting a about 90% retracement over the next coming months. You can wait for a catalist to accure or jump right in. Wish you all the best Bulls. Let's Download Success.
Trendlines/channelUSD has been strong against the NZD for the past few months, the pair is trading inside a BEARISH trendline or channel. We are currently seeing the price touches the bottom trendline. Technically, this is a signal that we may see a big bounce to the top trendline, and bulls are ready to take over. Wish you all a productive week. Let's Download Success.
Long US Stocks After FOMCExpected Dump to new lows tomorrow evening after FOMC announcement, throw some limits down below to seize the opportunity. A lot of people claim a recession and what not is coming however we have been in one for about 3 years now. My view is that it is over and things are stabilizing.
Of course there are legitimate reason for while people have these recession views. I must say though I predicted the first run up from 29k in the middle of June 2022. The market didn't have enough steam to get back to 35k. I think these longs will be good. My assumption is that the market makers are taking out the people who were too greedy and didn't take profits a month ago. Reload and go again, take your best shot. I see Markets making new highs in January.
Gold in the next 24 hoursGold has been ranging for the past few trading days but I’m currently bearish, although she could potentially buy from this level, I do still believe she will eventually hit my 1650, which is the next major zone price would be heading towards. Keep your risk low if you’re trading bearish, Gold can be volatile at times and especially in a week like this when we have FOMC set to release, it could change the whole dynamic of my current perspective.