Amazon's CollapseHow are giants/bosses defeated in video games? There's always a weak spot. Amazon's weak spot happens to be in its core foundation. This essentially means they're founded on demand-side economics. However, in the real world, the economy can only function off of supply-side economics. But with the role Big tech, the Deep state, the Liberal agenda, and all of these business tycoons are playing in our politics, they may be able to synthesize a false reality & force us into a Socialist state. That's a BIG "if" though, and in the end, nature ALWAYS wins. They may be successful at doing this in the beginning, but it will be short-lived and we will rotate back to Capitalism as it's the only way reality (on God's terms) works. A rotten pillar will always be a rotten pillar, no matter how much you bandage it up. And you can't buy an apple, without that apple first being grown. 1+1 always equals 2 and NOTHING can change that. The bigger they are, the harder they fall. Remember this a few years from now.
Socialismcrash
EURSEK upside continuation 10.85 11.5 targetsEURSEK made a double bottom, looking at the weekly and monthly charts we can see that after breaking multi year high it retested it.
The trend is obviously bearish on the Krona. Buy the dip... Sweden economic future is grim.
The price managed to break the first resistance and make a bull flag.
If it breaks the second one it could easilly go retest this decade high (around 10.5-11).
It could go past that but then in the 11-12 area price is at ath and it might be a formidable resistance.
The USDSEK situation is a little different. It is retesting ath and has not bounced that much yet.
EURSEK is more relevant imo. USDSEK will follow...
I moved my stop loss up, but am I not adding to my winner due to europe regulation restrictions. Need my capital for other things.
Interesting trade:
I will take profit but can aim higher. Maybe.