- how it works : - Imagine you can create apples, and that you are the only one in the world able to do that. - So if you create 100 apples, you will make them more rare and unique, so maybe you can sell them for 10$ each one. - So now imagine you create 10,000,000,000 apples, you will have more apples than peoples need to eat, so you will have to sell your...
The assumptions are that money printing is real inflation as is often stated by Peter Schiff and M2 money supply is a good measure of the amount of money that has been printed into circulation. This data goes back to 1959 and makes the dot com bubble in 2000 look much more exuberant than current price levels. There is room for downside from here as the 1966 to...
Look at this chart of WBD on the Daily TF. On the right side of the chart you will see a purple box which marks a pivot point. Off of that pivot point, there is a Yellow resistance line, where price action was chopping along for some time. The price action then started creating lower highs and lower lows creating a downward sloping megaphone pattern. When you...
Take a look at this beautiful chart. We are looking at the BABA chart on the Daily TF. Let's start out at the bottom of this chart where you can see the first measured move (purple measurement), which moved 36.30 points. Then, notice that the second measured move (blue measurement), if we extend it up to 36.30 points, it takes you up to the yellow line. The...
What we are looking at here is TDOC on the Daily TF. Draw your attention to down sloping trendline (Yellow). You will notice that the yellow trend line is acting as resistance and the price action has hit this line a couple of different times. The price action from today (1/9/2023) helped solidify the downward sloping trendline and showed us that the resistance...
What we are looking at here is META on the Daily TF. I want to draw your attention to the downward sloping line (yellow), where price action has been attacking since the beginning of April. The yellow line was acting as resistance until the 5th hit of that line, when a break out occurred (purple box). Now that we have seen a breakout above that resistance...
What we are looking at here is a beautiful NVDA chart on the Daily TF. We are going to start at the middle of this chart where you will see the parallel channel that is being marked with the blue rectangle. The price moves through the channel and touches both the top and the bottom of the channel several times. Ultimately the price action moves to the top range...
Okay guys look at this beautiful chat. Here you are looking at MSTR on the Daily TF and you have a lot of stuff going on. Notice the wedge pattern that is forming from the down slopping (yellow) line and the parallel (green) support line. That is forcing action to the corner of the wedge. You will also notice that before the continued downward movement in the...
The past few months have been very tough for the crypto market when the price is entirely dominant by the Bear. However, Elliot is here to bring good news, at least in a larger timeframe. Looking at the bigger picture, we can observe that the basic Elliot wave is complete which include wave 1-5 and ABC in a smaller timeframe, and that completes the picture of...
US30 short trades going well so far, all of my confirmations align so I'm letting them fly. Yellow- Daily resistance zone with a break and retest Blue- 4H support zone Yellow arrow- 4H candle direction @12:15PM Entry @12:15PM on the 2nd rejection of retracement on 15M 4H Bearish closure under McGinley Dynamic 40 Remain patient with each trade you take,...
Just a quick chart to show all the new money thats being printed by central banks we can see how the stock market is being kept alive by all this extra wealth being pushed into it, keeping it bullish, the only downside is obvious, INFLATION, massive amounts of very dangerous and harmful inflation! Highlighted the 2008 housing market short and also the most...
Hello Traders! Here is my first post on an equity and it might as well be Tesla, followed by a GME post coming up lol While the dump has been significant, the reversal at Long Entry 1 is a good sign. We shall see what occurs soon. Here are some key levels - Entry 1: $547.28 Entry 2: $ 463.90 Directional Stop: $401.01 Target: $1067.34 While the long setup is...
I mean, does it need more explaining? The writing is on the wall. Even if you're sub 100 IQ, you would understand that going up = good and down = bad. We are going down. Very fast. That blue line is a 200 sequential moving average line. It means if you're under it for a long period of time, you're doing something very wrong. Buy Bitcoin, physical gold/silver, a...
based on both fundamental and technical there is a strong bullish so breaking the resistance area would be a good chance for going long
Long position from order block yellow and .618 FIB
Quite sad.
Clearly USD value is in question. There is bigger demand for EUR than USD for now and we could it clearly see on charts. A lot of speculation and fear comes into play for the next 3 months. Will EUR go higher? You can not predict future but last week showed that fear for holding USD is strong. Current play: Long term (D) - Longing Long term (W,M) - this month...