$RSP & $RUT show money is in rotationAMEX:RSP looks okay to me (Equal weight SP:SPX )
TVC:RUT / AMEX:IWM also looks okay
Question:
What is the common theme?
HEAVY VOLUME!!!
Buys are heavier than normal for those 2 indices and NASDAQ:NDX / NASDAQ:QQQ has selling that's lil heavier than normal
Looks like rotation IMO
Our calls were on the money again...
#stocks
Rot
NZD/CAD🇳🇿 🇨🇦 to pullback from the Key LevelNZD/CAD🇳🇿 🇨🇦 is moving within the Inverse Triangle.The price is expected to pullback from the Key Level as ROT and Stochastic suggest , however the price shall not fall below the Support level from which the bounce will follow.
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Bitcoin to rise!A week ago I suggested to short Bitcoin ⚜️ and we could register at least 4.3% of profit with no Leverage used. We can see that the 200 MA acting beautifully as Support here and the price has just bounced from simultaneously with the bounce from the Local Support. The ROT - to + swing together with the 200 ma suggest that the price shall continue the bounce so the Long setup is the way to go in the short-term.
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USD/CHF 🇺🇸🇨🇭 to bounce from the Support!USD/CHF 🇺🇸🇨🇭 is moving within the Downward channel.The price is bouncing from the Support as we can see. The ROT swing together with the possible bullish cross of 20&50 ma we expect the further rise!
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NZD/CAD🇳🇿🇨🇦 to tackle the SupportNZD/CAD🇳🇿🇨🇦 has recently broke out from the Bearish Flag. The ROT swing denial , together with 50 ma and Kumo clouds are suggesting that the price will tackle the Support!
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NZD/CHF 🇳🇿🇨🇭 to bounce from the Support zone.NZD/CHF 🇳🇿🇨🇭 is bouncing from he Support zone. The price is expected to continue its bounce according to the ROT - to + swing. Moreover , the Kumo clouds lie above the price as well , thus we can expect to Upward movement.
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CHF/JPY🇨🇭🇯🇵 to pullback to the Key Level areaCHF/JPY🇨🇭🇯🇵 is going to pullback after the rejection from the Resistance zone. The ROT and RSI suggest that we are to expect the decline to the Key Level area.
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EUR/JPY🇪🇺 🇯🇵 to decline!EUR/JPY🇪🇺 🇯🇵 is pulling back from he Resistance zone. The price is likely to decline further according to the Bollinger Bands and if the 0.90115 lvl is broken the the pair can fall even deeper.
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Bitcoin to continue its pullback.Taking a look at Bitcoin ⚜️ we can see , that after reaching the ATH the price is pulling back from the Resistance. I still believe in the rise and possible fluctuations in the Resistance area , however in the short the further pullback to the Local Support is quite possible as the price is lying below the 50 MA.
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GBP/AUD🇬🇧🇦🇺 to test the Resistance!GBP/AUD🇬🇧🇦🇺 has formed the Symmetrical Wedge pattern. Recently , the price has moving within the sideway channel and we just can see that the bounce from support was followed by the bounce from the bottom trendline. The midline is crossed and the ROT is indicating - to + swing , so we can expect the rise up to the resistance area.
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BCO/USD ( Brent Crude Oil ) 🛢💵 to RISE!BCO/USD ( Brent Crude Oil ) 🛢💵 has just broken out from the bullish flag. The ROT - to + swing suggest that the price can rise up to the 48.899 Resistance.
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GBP/CAD🇬🇧 🇨🇦 to DROP!Let's take a look at the GBP/CAD🇬🇧 🇨🇦 1D&2H from the multiframe perspective. One the daily chart we can sport the movement within the symmetrical triangle with the price being rejected by the Top descending resistance. On the 2H we see the ongoing test of the Downward channel's resistance with the Stochastic and ROT being near the overbought area. I expect the drop of the price in the mid-run.
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USD/CAD🇺🇸🇨🇦 to bounce!At the moment , USD/CAD🇺🇸🇨🇦 is lying on the 2 strong support. The bounce here is quite likely as ROT and Stochastic suggest. The pair is expected to test the channel's resistance.
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GBP/AUD 🇬🇧🇦🇺 to bounce!GBP/AUD 🇬🇧🇦🇺 has formed the descending triangle pattern. Recently , we have seen another failed attempt to break the support level. Moreover ,according to ROT upcoming swing we can expect the upward movement.
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USD/CHF🇺🇸 🇨🇭 to continue its bounce from support!+ 60 pips short move of USD/CHF🇺🇸 🇨🇭 was caught. The price has not managed to break the 0.90544 support and has just bounced from it. Moreover , the ROT has just indicated the - to + swing that is a good sing of trend reversal , thus the upward movement is expected up to the 0.91386.
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UK100GBP🇬🇧 to bounce from Support!UK100GBP🇬🇧 has just left the Upward channel and the short move provided us with the 1.1% of profits. The pair could not break the support of 6308 and according to the upcoming ROT swing and the RSI oversold the upward movement is highly possible here!
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GBP/USD 🇬🇧 🇺🇸 to FALL!GBP/USD 🇬🇧 🇺🇸 is still remains inside the bullish megaphone pattern. We see that the price lies below the Kuomo cloud and the ROT indicates divergence with the + to - swing , though the downward movement is highly possible here.
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UK100GBP🇬🇧 to break the Upward channel!After the 3rd rejection from the strong Resistance the the UK100GBP🇬🇧 index looks quite bearish. The ROT together with the Engulfing candle pattern suggest the pair most probably will break the Upward channel.
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GBP/JPY 🇬🇧 🇯🇵 to pullback and test the ascending trendline!GBP/JPY 🇬🇧 🇯🇵 is pulling back from the strong Resistance level. The pair has formed the Ascending Triangle pattern. Moreover , the ROT soon-to-be swing and the high overbought at the RSI also speak in favour that the bearish move is the way to go for this pair!
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EUR/CAD 🇪🇺 🇨🇦 will try to break from the channel!EUR/CAD 🇪🇺 🇨🇦 has been moving within the Downward channel. Taking a look at the ROT and 21&89 EMAs bullish cross we can expect the good bounce from the midline and an attempt of the pair to break from he channel.
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CAD/CHF 🇨🇦🇨🇭 to rbeak fromt he Triangle.CAD/CHF 🇨🇦🇨🇭 is moving within Ascending Triangle. If the 0.382 Fib level will hold the outbreak is highly possible as the ROT is showing here.
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