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JICPT| Crude oil two bullish setups on 1HHello everyone. Crude Oil Inventories will be released in 30m. If Actual data is significantly deviated from the forecasted -1.9M, big move is expected to happen then. On the daily chart, price is going to collide with the downtrend line. So, bearish on the daily. On 60m chart, it's bullish trend with price consolidated on the short-term MA. So the big timeframe contracts with short timeframe. It's not a big deal. Trend reversed from small timeframe. Currently, I identified two possible bullish setups marked on the chart. The first one is based on control low, with the second on MA and flip. Let's see if the the inventory can give us a quick trading opportunity later. Give me like if you're with me. Thank you for your support.
OANDA:WTICOUSDLong
by JICPT
FB Rising WedgeTimeframes - Weekly + 4HR If a continued FB rally will happen it will be after the break of 254-256. There was some good news coming from the FB side, not just from ER but as well as the "Tik-Tok" news. So maybe if they release their very own "Tik-Tok" investors will buy the early rumors/news. We are due for correction from a TA POV, but if the market movers continue up FB will most likely continue following and helping carry the market further. Watch the Q's for extra confirmation when trading FB.
NASDAQ:METAShort
by Kindredd
DAX short opportunity in playAs analyzed sometimes before, I am expecting the German Index to be in a bigger consolidative wave 4 which I am expecting to play out as a "abcde" triangle. Within this triangle wie can observe 3 wave moves "abc". I am expecting the DAX to have finished an "a" and "b" wave and a "c" wave could now be about to start which should bring us lower. Therefore I am seeing here a very good risk to reward situation at the moment. However the setup becomes invalidated of course should the German Market Index rise above the indicated stop level. Fundamentally Germanys Economy is heading into a recession, PMIs have been worsening for over one year, with a record low just some weeks ago, well in the contracting territory with a read of 41.7. The car manufacturing sector is dying due to the trade war and over regulation within Germany take a look at my Daimler Analysis linked at the bottom. All in all technically and fundamentally I don't see the German Index rising over the next months, all tough it has been kept up strong for quiet a while now despite bad economic data. The ECB has started a new QE program to combat the economical deterioration, much of this has been priced in now maybe its even overpriced because keep in mind that this program will not start until November and typically monetary policy needs around 8 Months to show its first effects, so at the moment there is no reason to assume the economy will get better within the next months already. We also don't know how well the QE will work around this time we need to wait at least until half a year from now to get fundamental readings. Should we see a recovery in the PMIs about half a year from now or more and should the DAX be on low levels a this time around then this would be a long signal as we could observe that the monetary policy is kicking in, however I think at the moment its definitely too early for that and too much optimism has been blindly priced in relying heavily on the ECB.
TVC:DEU40Short
by JonasBenjaminFriedrich
Low Power Mode. Back to the charge station.TSLA stock is at a crossroad and maybe hard to admit that its lost in direction and headed back down for a recharge. I do see the potential for this stock to rebound if it does drop. Longer term, aside from all negative headlines TSLA is a threat to the old standard traditional car makers, dealers, auto mechanic. Its also a threat to indirect markets such as insurance, law enforcement, legal counseling, utility companies and probably much more. Its no wonder why TSLA is scrutinized heavily. It is such a threat that lazy traditional vehicle manufactures like F, GM, BMW, and others are FINALLY producing copycat EVehicles. But TSLA is thinking way head and if you don't understand why the SCTY deal makes sense, then, your probably still banging your head against the wall holding onto zombie industries. This is the economy of "Creative Destruction", where old labor is replaced by new and younger tech workforce, where some jobs and careers are replaced with technology.
NASDAQ:TSLAShort
by TraderMD
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