Green line may provide all the R that is needed to turn this Beezy back the other way. We shall see. However, it's a trendline that not many are watching BUT i shared with you guys WEEKS ago.
When central banks raise rates, financial sector outperforms. That is until credit crumbles by which time all bets are off. As federal funds rates spike and stay elevated for longer, lending rates will climb higher relative to deposit rates. Net Interest Margin ("NIM") which is the difference between lending and borrowing rates continues to favour financial...
Hi Great followers, smart traders and brilliant investors ! SPX was down since start of 2022 and so far showed -13.79 negative performance however, not all S&P 500 sectors are performing the same ! In fact, some of them specially Energy Sector (SPN) is doing great and strongly outperform all other indices (See related idea about SPN VS SPX if...
Trading suggestion: . There is a possibility of temporary retracement to the suggested support line (2.5985). If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . DOT/USD is in rangebound, and the beginning of the uptrend is expected. . The RSI is at 53.59. Take Profits: TP1= @ 3.010 TP2= @...
Trading suggestion: . There is a possibility of temporary retracement to the suggested support line (2.5985). If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . DOT/USD is in rangebound, and the beginning of the uptrend is expected. . The RSI is at 53.59. Take Profits: TP1= @ 3.010 TP2= @...
The French index as its European counterparts is tracing a cycle wave c down. Currently it is finishing primary wave 2 up wave and the next move will drive the index to new lows. It seems to be tracing minor wave 3 of a five moves up that will complete intermediate wave C and start primary 3 down. For this it should cross the high of intermediate wave A, and...
Hello traders, Given that my last idea is not playing out as anticipated. This is my take on current price action. I would caution people who are looking to buy the breakout to be extra careful. My ideas are for entertainment purpose only and should not be taken as financial advice. Happy trading!
Looks like we're gonna have a pull back. How deep? Only the MM knows. A good bet would be back down to the closest support but with major resistance being so near to that support I would personally wait for a close above resistance before taking a long.
Good morning, traders. After all that movement last night, price ends up right where it started at yesterday's update. It also shows you why I mentioned that I am paying attention to the DBW the most. Price hit the top of that wedge and then dropped back down to find support on the Tenkan line on the 4H chart. As with previous times before, this area continues to...