SPX potential double bottomThere is finally some buying volume coming through, but too early to call anything. It is technically a lower high, but reached the wicks of the previous low and rebounded with good volume.
Definitely wait for confirmation before going long because it is also going through a Bollinger Squeeze and has bounced off the MAs.
Squeeze
MNK Short Squeeze and Reaching the bottomMNK Short Float 55.42%
Is in the $ 1.5 range not far from the all-time low.
MNK Lost in the last quarter but this is a stable company that expects revenue growth next year.
After a decline due to a bad report expect to rise to the first line of resistance, with the help of the shortlisters.
Overall beta 3 ratio, very high but with severe declines in the last year that are expected to be at least partially balanced
In addition to departing from a downward triangle trend line.
No recommendation for sale or purchase ...
BTCUSD 12000 - 11600 STLong-term: (Out of frame) Ascending wedge with three bullish pennants forming.
Mid-term : Rising trendline of the bullish pennant Extended , on its way to retest higher resistance as support.
Ranging in the pennant , flirting with 12000 , this top defines the second point of the peak resistance line as seen in the previous bull-flag.
This line ends on the Ascending wedge's support meeting with the low and high support line, and predicts the timing for the next outbreak.
Short-term: Retest support on the high resistance line 11600 - 11700 area.
Now that the pattern has met its outlines, a Mid-Term analyses will follow soon.
Price Snaps Out of SqueezeWe looked at this market recently and the very tight squeeze price had been forming.
Price has now aggressively snapped out of this squeeze higher into the longer term resistance.
This is an interesting market and a higher risk market to trade. There are far more gaps than the major Forex pairs and moves can at times be erratic.
If price can now rotate lower back into the near term support level it could provide intraday short-term long trades.
4 Hour Pin BarWe discussed this market in yesterday's ideas and how the recent price action squeeze had snapped higher.
Price attempted to breakout of the intraday resistance level, but once again moved back into the consolidation area.
This market is building a pretty clear range support and resistance where trades can be hunted on the smaller time frames such as the 1 hour chart and below.
Squeeze on Vocus ahead of resultsKeltner Channel withing Bollinger bands indicates share is being "Squeezed", with investors unsure which direction the stock is heading.
It is typical to expect a strong breakout (up or down) from a squeeze situation.
Stand or fall, state your peace tonight!I can't predict the future, unlike many of my fellow traders. However, I know a bad weather setup when I see one. Have a look/listen.
I don't like what I see. I see storm clouds gathering. I see delusional pumping of a market. I see a deep disconnect between reality and sentiment. I see momentum falling off.
But make no mistake - I do not underestimate the power of the FED to pump! The FED's so-called 'balance sheet' has gone wild and is set to go orbital, in a do-or-die attempt to save the economy. They have the power to print - and oh boy, they're gonna print! The balance sheet can easily head upward of $50 Trillion. This means the market could do a 100% retracement, from 23 March 2020.
Along the way people are gonna wake up to " What's the value of money? ". This could send Gold into orbit as well - but if the market crashes don't expect too much of Gold.
What's keeping this market up? FED cheap money for sure - and the FAANG stocks. That's about it.
Fundamentals are about reality. Sentiment and technical analysis are the fantasy (which we normally exploit). What happens when reality catches up with fantasy? PAIN!
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Silver - Quarterly Squeeze Set to FireA squeeze is a period of consolidation prior to a move (usually explosive) in a particular direction.
As you can see, Silver is currently in the beginning stages of firing a quarterly squeeze, this is extremely important as it a strong indicator of the macro environment that we are heading into, namely, one with very high inflation expectations.
This is not surprising given the gargantuan fiscal and monetary spending that has come as a result of the global lockdown.
With this in mind, it is not at all unexpected to see the recent surge in the precious metal.
I believe that we could see this current rally continue all the way up to around $26 USD/ ounce, this coincides with the 38.2% fib retracement and would also mark the last major resistance for silver before working up to $35 and eventually the prior ATH at around $50
I am personally waiting for a bit of an ease prior to entering, as i don't want to chase the move, and i am already well situated for a move higher, should it continue unabated.
For reference, this is the prior quarterly squeeze that fired on Silver.
This is the current quarterly squeeze that fired in Gold.
Do with that information as you will...
- TradingEdge
TIME TO ENTER LONG - NASDAQ - NQ1 - 30MN We have seen the price breaking come important points and in the past following two clear uptrend patterns. There is some probabilities to see the same pattern repeating again. The dotted uptrend line show the potential next move.
We have observed a strong squeeze of the sellers on the horizontal red line which has been a strong area of some intense bounce backs.
Probability in seeing the market going up next week is very likely.
USDJPY Bullish Wedge Breakout, READYWith price coming down to its last moments before an Impulse Breakout, we prepared ourselves with the right conditions to move Bullish in this Opportunity as it has finally rose. With proper RR executed, Market Opened at an Ideal area that entry is possible along with proper Money Management.
BEWARE GAPES AFTER WEEKENDS & SQUEEZE AT $10,000 - BTC1! - 240MNThank you for your likes and shares! Much appreciated!
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The BTC1! market is very volatile and have for the last 12 months seen some important fluctuations.
Today we can analyse probabilities for the price movements.
We can see that the red top line is a strong resistance and pullback down zone.
We can see a top red dotted line representing the probable highest possible price at the moment. Another bottom orange dotted line showing the potential minimum price.
A repetition in price action has been observed, illustrated by the two blue uptrend lines.
Now the Bitcoin Future has entered into am horizontal ranging zone. The lower blue dotted line being the most probable actual support line. If broken the market could go further down.
$10,000 is a psychological price line and we have seen huge volumes of buyers being countered by even bigger volumes of sellers.
Beware, buyers could be trapped and squeezed out when entering long at $10,000.
For the moment, we believe a short entry opportunity at around $10,000 and possibility of gapes down after weekends.
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Please beware about this DISCLAIMER: this trading idea and all others published here or on any social network, editorial, media and press, can change at anytime without any notice. Trading is risky and losses or profits are the results of your own decisions and not the result of this analysis. Trading assets on financial markets is very risky and this analysis is to provide another point of view.
BCPTBTCChart is showing a wave three move maybe building. Both indicators are showing a squeeze release is developing. Good luck! Not advice.
JWN: Short Squeeze Pending???I have been trying to simplify my charting as of late. Fewer Indicators. Less advanced Math for the moment. Trying to Gain perspective.
Here is a Chart of a Trade I like.
Nordstrom is 5* rated Morningstar, and A-rated Profitable company.
There is a very large short position ... slightly better than 30% of the Float.
JWN has traded between 15 -16 since late June (last 3 weeks) A strong breakout above 16 should lead to a retest of the interim high of 25. The downside risk is probably 2 pts to a low 14 handle.
8 pt of Gain vs 2 pts of Risk. 4:1 Profile ... I will take it for a top retailer beat up by lockdowns.
POSSIBILITY OF UP SQUEEZE BEFORE RANGING TREND - GLYHO - 240MNGLYHO is arriving at a very important area, pink square zone.
Probable support and resistance are marked with a green to line and a red bottom line.
For the moment the trend is clearly an uptrend one. However, the market has already tested an upper point which as resulted in a strong downward pullback. The trending blue line has been holding the price up.
Beware:
-Possibility of continuous uptrend then a pullback down from the red line.
-Other possibility is a market fear which could lead to a brief retreat to the down red support.
Other thing:
- We can see that overall the market is recovering from the pandemic effect. The blue horizontal line is marking the most relevant pivot point. This is confirming a potential area where the market is at the moment.