Stocks cratered on an abysmal day in the tech sector. The S&P is finding support at 3220, which is a very strong nested Fibonacci level. This is a healthy corrective wave for the overall impulse. The next level of support follows below at 3200, a psychological, technical and nested Fibonacci level. This is about as strong as it can get (our powers combined...
This looks like the real deal... the trip we are planning for Gold here should be carefully mapped before making the play. 📍 If possible make use of the ' momentum ' Entice the sellers with obstacles inside 1820-1810 rage (a temporary stopover to collect energy). All that before playing the impulsive manoeuvre. Compare also this diagram: For its own sake,...
GA has been moving corrective inside this channel. Taking advantage of this choppy sideways movement with 2 Profit targets in place to lock in profits on the way up. I will be removing 100% of the risk when the 1st take-profit has been reached.
Daily structure reached a Double-Top formation, RSI in overbought conditions. Low Risk, High Reward trade
EURUSD 3.88 REWARD:RISK Risk $3,150.00 Stop-Loss, Pips 31.5 Lotsize 10.000
Potential Brilliant reversal After A Sustained Bullish Run. Traders Can Initiate Short Positions.. Good Luck!! Happy Trading.
I think it is gonna drop another time, if not, then why is it not showing the proper signals for a upward breakout. There’s no power before it’s moves. So next time it drops I’m gonna buy. I buy and sell with in the channel but never my full position. Always less than 25% of my full position in the pair. Because I don’t want to be wrong and lose. But I can risk...
Stocks broke down from what appeared to be an inverse head and shoulders pattern yesterday. This is why it is important to wait for confirmation of a breakout before trading this pattern. It is also important to check the Kovach Momentum Indicators since these suggested a divergence, indicating a breakdown. Stocks are looking technically very weak at the...
Gold has rejected our 1832 level from yesterday, but it did make quite a run for this level, falling just short of it. Gold futures have found support at 1815, which is a technical level which aligns with the nested Fibonacci levels. Our Elliott Wave analysis suggests that there could be one more run left in the tank. if we are wrong, it could retest lows...
Gold had another bitcoin-like spike in price and has been ranging about 1807, our upper Fibonacci anchor. It looks like it is making another attempt for a run, but this is quite overextended at the moment. Although the Kovach OBV was strong, it has leveled off. The Kovach Chande has dipped, but it seems it might be on an upswing. The level 1807 will now become...
1- Get rich quick: Conspiracy guilty supplement company that got closed resurfaced and they have issues again *********************** In a youtube video, bodybuilder John Meadows (Moutain dog), GS VP turned fitness businessman, talks about a supplement company (ran by someone called Wes Hauser, in Atlanta) that were manufacturing a product which he designed,...
Stocks broke down from the bear flag pattern as we had spelled out yesterday, only to get bought back up immediately. However the momentum here is really weak, and we could see another wave of selling. Both Kovach Momentum indicators are very heavily bearish, despite the meager rally. Watch for stocks to at least test 3021
Bonds priced in yesterday's risk-off sentiment. On 30 min charts we have a perfect Sickle Pattern. If you traded this pattern, you would have made 10 ticks on the ZN. The Sickle Pattern is exclusive to Ghostsquawk, so if you want to learn more about it, consider one of our trading courses. The Kovach OBV is still very bullish, but the Chande indicates a...
Stocks are caught in between levels at the moment. We have a high at 3156 that will provide resistance. But after that, there is a vacuum zone to 3233. The Kovach OBV remains relatively flat, which confirms the ranging we have seen this week and at the end of last week. Ghostsquawk AI is reading a lot of risk on sentiment this morning, so watch for that to...
Those hungry for volatility have been disappointed by stocks and bonds lately, but gold has taken the spotlight. It has rallied quite a bit, breaking through the 1750 level. This level constitutes the upper anchor of our Fibonacci levels and is otherwise significant technically, as a relative high. The Kovach indicators have confirmed the trend, so we should...
Gold continues to range, like most assets since yesterday. It seems to really be having trouble with a cluster of levels between 1737 and 1742, including Fibonacci and technical levels. Where it goes from here will depend on risk sentiment in the news, so please refer to our Ghostsquawk AI tool for updates as the day progresses. On the upside, it could hit...
Recently the price have made a new all time high. Now all the news has factored in the price of stock. OI at 1700CE is increasing which acts as a resistance level for stock. Price has also made a Short hook setup at top with RSI in over bought levels. We can short the stock when we get the opportunity at right price. Maintain strict SL
You may find some good trading opportunities today. Since mid May, gold has been ranging, after a huge rally beginning mid March. It is holding strong to a POC which coincides with a Fibonacci level at about 1737. It seems like this level will provide resistance at this point, so watch for gold to test the range and feel out 1723, another Fibonacci level. The...